Mrs Mean Money Show
Ep - 60 Cut electric car costs
The incentives to buy an electric vehicle are gradually being removed and the cost of running them has risen. It is not therefore surprising that the number of private buyers of electric cars fell by 14% in the year to September, even before the government rolled back the deadline by five years for the end to the sale of new petrol and diesel vehicles.
Those drivers who already have an EV and those thinking of buying one need to check out all the costs and be aware of what to avoid.
The cost of insuring EVs rose by 72% in the last year and some companies have stopped covering any electric cars for the time being.
Charging the vehicle in your own driveway or at work if the company offers free top ups is usually the best deal.
Supermarkets have a plethora of charges and different chargers that take varying times to power your vehicle. Your local Sainsbury may be free and a Waitrose charger may cost £16 for a 50% 40 minute fill.
VAT on public chargers is charged at 20%. At home it is 5% and the price per unit may be cheaper, and can be free if you have solar panels.
"From Passion to Purpose" is a podcast that explores the world of nonprofit...
Listen on: Apple Podcasts Spotify
Please send ideas questions, tips and warnings about rip-offs to Mrs Mean through the contact page on her website: mrsmeanmoneyshow.co.uk or to infomrsmean@gmail.com
The incentives to buy an electric vehicle are gradually being removed and the cost of running them has risen. It is not therefore surprising that the number of private buyers of electric cars fell by 14% in the year to September, even before the government rolled back the deadline by five years for the end to the sale of new petrol and diesel vehicles.
Those drivers who already have an EV and those thinking of buying one need to check out all the costs and be aware of what to avoid.
The cost of insuring EVs rose by 72% in the last year and some companies have stopped covering any electric cars for the time being.
Charging the vehicle in your own driveway or at work if the company offers free top ups is usually the best deal.
Supermarkets have a plethora of charges and different chargers that take varying times to power your vehicle. Your local Sainsbury may be free and a Waitrose charger may cost £16 for a 50% 40 minute fill.
VAT on public chargers is charged at 20%. At home it is 5% and the price per unit may be cheaper, and can be free if you have solar panels.
"From Passion to Purpose" is a podcast that explores the world of nonprofit...
Listen on: Apple Podcasts Spotify
Please send ideas questions, tips and warnings about rip-offs to Mrs Mean through the contact page on her website: mrsmeanmoneyshow.co.uk or to infomrsmean@gmail.com