In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
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Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#2> And the presence of lower-cost alternatives can force non-Chinese brands to have to compete, rather than sitting on their laurels and gathering profits from expensive land yachts as the competition’s prices are inflated by tariffs. This is why the UK is getting Honda’s super cool Super-N, and the US isn’t.
The Honda Super-N EV will also be released in Australia, New Zealand, and other countries in Southeast Asia that were also British colonies: this decision has nothing to do with tariffs and everything to do with left-hand-drive vs. right-hand-drive.
Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#3Not quite. The UK govt has a rolling target of how many EVs are sold as a proportion of all vehicles. The manufacturers get "fined" £15k per ICE car sold over the target. The targets are ramping up rapidly - 22% in 2024, 28% in 2025, 33% in 2026, etc, reaching 80% (AFIAK, keeps changing) in 2030. There's various trading mechanisms in place and what not so it's a bit more complicated than this.
So it's far better to sell EV below cost (Chinese or not) to get more sold than have to a pay £15k for an ICE car.
The Chinese manufacturers are arguably at double advantage here as they have more BEV to sell so it's far easier for them meet the targets, and they can 'sell' the excess to the Western manufacturers (and further subsidise their EVs!).
I'm not personally against it, I got a brand new EV on a lease recently for close to free after all the tax advantages, and it's not like the Western manufacturers didn't have time to prepare...?
Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#4Not quite. The UK govt has a rolling target of how many EVs are sold as a proportion of all vehicles. The manufacturers get "fined" £15k per ICE car sold over the target. The targets are ramping up rapidly - 22% in 2024, 28% in 2025, 33% in 2026, etc, reaching 80% (AFIAK, keeps changing) in 2030. There's various trading mechanisms in place and what not so it's a bit more complicated than this. So it's far better to s…
The goal is to migrate everyone to EVs, and it sounds like the government incentive mechanism is working, albeit in a roundabout way.
Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#5Not quite. The UK govt has a rolling target of how many EVs are sold as a proportion of all vehicles. The manufacturers get "fined" £15k per ICE car sold over the target. The targets are ramping up rapidly - 22% in 2024, 28% in 2025, 33% in 2026, etc, reaching 80% (AFIAK, keeps changing) in 2030. There's various trading mechanisms in place and what not so it's a bit more complicated than this. So it's far better to s…
The goal is to migrate everyone to EVs, and it sounds like the government incentive mechanism is working, albeit in a roundabout way.
> The goal is to migrate everyone to EVs
This won't happen unless they outright ban non-EV vehicles which is unlikely considering how many people are still using old cars and cannot afford new cars, how many car enthusiasts are there, and not to mention potential lobbying from big oil.
Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#6Not quite. The UK govt has a rolling target of how many EVs are sold as a proportion of all vehicles. The manufacturers get "fined" £15k per ICE car sold over the target. The targets are ramping up rapidly - 22% in 2024, 28% in 2025, 33% in 2026, etc, reaching 80% (AFIAK, keeps changing) in 2030. There's various trading mechanisms in place and what not so it's a bit more complicated than this. So it's far better to s…
That's interesting!
Do happen to have a link for how the "brand new EV on a lease recently for close to free after all the tax advantages" works in the UK?
Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#7Earlier quoted context omitted.
The goal is to migrate everyone to EVs, and it sounds like the government incentive mechanism is working, albeit in a roundabout way.
> The goal is to migrate everyone to EVs This won't happen unless they outright ban non-EV vehicles which is unlikely considering how many people are still using old cars and cannot afford new cars, how many car enthusiasts are there, and not to mention potential lobbying from big oil.
New EVs become used EVs that poorer people can afford.
Poor people don't buy new cars. New EVs being expensive is not a poor person problem.
Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#8Earlier quoted context omitted.
The goal is to migrate everyone to EVs, and it sounds like the government incentive mechanism is working, albeit in a roundabout way.
> The goal is to migrate everyone to EVs This won't happen unless they outright ban non-EV vehicles which is unlikely considering how many people are still using old cars and cannot afford new cars, how many car enthusiasts are there, and not to mention potential lobbying from big oil.
So 20 years from now, all the old gas regular people cars have aged out. You’re left with what, 1 or 2% of enthusiasts cars? Seems like success to me, and fairly inevitable
Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#9It's a shame that the UK isn't making their own EVs. It's a nation with a long tradition of manufacturing and a working class hungry for opportunities.
Both Labour and the Conservative parties seem to have resigned the nation to only being a financial hub.
Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition
#10Unlike the EU and the US, the UK doesn't have any major car companies anymore, so there's less of an incentive for them to apply tariffs on Chinese imports.