The "or with the potential to have" is hiding away a lot, to the point of being misleading. Most homes, especially in flats and terraced housing, which are the majority, won't have the infrastructure support for charging point conversion.
Petrol is just too cheap to justify the cost unless you drive massive amounts. I do 3,000 miles a year, that costs £400 a year
The cheapest electric car I can see is £2500. It would take me 6 years to get the money back even if the electric was free
Average car does twice that mileage but that’s still a small part of the total cost of ownership.
I got petrol Friday for £1.45 a litre. In July 2022 it was £1.90 a litre, or £2.20 inflation adjusted. In 2012 it was £1.40 or £2.05 a litre inflation adjusted.
Maybe if petrol was in the £2-2.50 a litre it would make sense
I think the real way I've lost money is on depreciation - that's more severe than anything else that happened - even though I always buy second hand.
If you're buying second hand, like it would appear from the price you quoted, then reliability could be the thing that makes the price worthwhile.
I also don't do high mileage but as our petrol car gets older, it's starting to be less reliable. I've had brake issues - EV regenerative braking should ease that problem - and the engine is starting to use more oil. My car has a reputation for gearbox issues from the Uber drivers that I know.
Every time there is some problem my wife gets more freaked out. To avoid total disaster I'm going to have to get something and if it's an EV I just hope that it will give us some years of plain sailing.
A car's assumed lifecycle is around 15-20 years. Practical suburban EVs have been around for around half that, practical ICE-replacement EVs for about a third. Consequentially, EVs have not yet arrived in the econo-shitbox segment of the used car market, and it will still take some time for them to get there - this is simply a lifecycle question and not a "new product introduction question" (which most of the press gets wrong for obvious incentives).
That being said, there's an argument that even basic EVs are often much more pleasant to drive and less hassle overall, which could be a reason for them to command a sustained premium on the used market.
https://www.racfoundation.org/wp-content/uploads/2017/11/spa...
SMMT publish monthly data too
And which ever way we look at it electric cars are becoming more popular
The cheapest electric car I can see is £2500. It would take me 6 years to get the money back even if the electric was free
Average car does twice that mileage but that’s still a small part of the total cost of ownership.
I got petrol Friday for £1.45 a litre. In July 2022 it was £1.90 a litre, or £2.20 inflation adjusted. In 2012 it was £1.40 or £2.05 a litre inflation adjusted.
Maybe if petrol was in the £2-2.50 a litre it would make sense
If you're buying second hand, like it would appear from the price you quoted, then reliability could be the thing that makes the price worthwhile.
I also don't do high mileage but as our petrol car gets older, it's starting to be less reliable. I've had brake issues - EV regenerative braking should ease that problem - and the engine is starting to use more oil. My car has a reputation for gearbox issues from the Uber drivers that I know.
Every time there is some problem my wife gets more freaked out. To avoid total disaster I'm going to have to get something and if it's an EV I just hope that it will give us some years of plain sailing.
That being said, there's an argument that even basic EVs are often much more pleasant to drive and less hassle overall, which could be a reason for them to command a sustained premium on the used market.
https://www.racfoundation.org/data/uk-pump-prices-over-time