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In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

electrek.co

41–50 of 231 posts

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#41

Meanwhile Ford’s CEO said that if Chinese EVs are allowed into USA it will destroy the US automakers. He is not even hiding the fact US automakers make a more expensive inferior product, but that US consumers should not be allowed have the superior one.

Well, the UK no longer has a domestic auto industry

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#42
post #31
post #11

Earlier quoted context omitted.

There will undoubtedly be a death spiral of sorts when it comes to gas stations, refineries, etc. where they become fewer and farther between as less people buy fuel. And that makes it more expensive and inconvenient, so more people buy EVs, which in turn...

Death spiral to gas stations? why? EV cars need to charge somewhere (and on long trip it can’t be at home) and people need to take a break and grab a coffee sometime too. They will change, sure, but certainly not die. Refineries will be fewer but we do need another products from them also.

Charging stations will only need to be on highways if cities are sensible and build slow charging infrastructure (aka normal wall sockets) in parking spaces. Urban gas stations will be a thing of the past.

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#43
post #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 th…

Is it really that hard to produce an opposite-handed version? That sounds more like a convenient excuse.

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#44
"thanks to Chinese competition". More like anti-competitive practices. They can force down Chinese wages to keep labor costs down. They can require companies involved in component technologies to share their IP in order to do business in China, then replicate it and subsidize the hell out of it to push them not just out of China, but out of business globally. Then subsidize the whole final vertically integrated manufacturing of the end product so it's all cheaper and harder to compete with.

Not very free market. It's basically military and intelligence budget combined. If you can hurt auto manufacturing, you further consolidate manufacturing inside China. Then if you can get people to pay for you to spy on them through their own cars, that's well spent intelligence budget. If you reduce the portion of global manufacturing outside of China, you reduce the amount of manufacturing that can quickly pivot to wartime production like we saw during World War 2.

I'm glad that we still have sane enough people in the US that we ban these obvious and transparently bad things. It wasn't that hard to see free trade died.

Hopefully people don't still think that China's green energy initiatives are about the climate. Whatever you think about those initiatives, don't let that blind you to the legitimate questions around China's motivations.

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#45
The treatment of our betters regarding "nudged" electrification is borderline misanthropic.

For people with a garage or a driveway who can charge at home, EVs are overwhelmingly a better option. The problem is that large swathes of the population are outside of that and you're making their lives miserable by punishing ICE car ownership.

Meanwhile, adoption numbers are thrown about ignoring that for those in optimal conditions, adoption is already very high and cannot grow much more. While for those particularly misaligned with the strengths of EVs, it will often be so painful to own one they will resist with everything they have, and in many cases they will have to admit defeat and stop driving altogether. Which I guess the government will also be content with. But it will take some time.

*typo

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#46
post #4

Earlier 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 problem is that there is not enough infrastructure for EVs. If you can't charge at home (e.g. you live in a flat), it is hard to live with an EV and it's much more expensive than the ICE.

In the UK? Nah.

Electricity is expensive in the UK (~25p/kWh) But not gas car expensive. It is £1.57/L (£5.94/gallon).

The EV infrastructure is also pretty dang far along, especially compared to the US. Remember that everything in the UK is a lot smaller and closer together than it is in the US. Further, the UK has a functional train system for long distance travel. You can go from the top of Dunnet Head to Lizard Point in a 15 hour drive.

People downvoting me, Look up chargers in plugshare to see just how many there are in the UK, it's a lot. And also correct my math if it's wrong. An 80kWh car costs £20 to fill up. A 55L car, which has about the same range, costs £85 to fill up.

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#47
post #45

The treatment of our betters regarding "nudged" electrification is borderline misanthropic. For people with a garage or a driveway who can charge at home, EVs are overwhelmingly a better option. The problem is that large swathes of the population are outside of that and you're making their lives miserable by punishing ICE car ownership. Meanwhile, adoption numbers are thrown about ignoring that for those in optimal c…

Eh. A new EV can drive 400-700km on one charge. It takes 20-60 minutes to charge on public chargers depending on the charger. Except that charging on public charges is more expensive than charging at home I don't really see the practical issue. I know many people without charging options at home that will never go back to ICE.

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#49
post #4

Earlier 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 problem is that there is not enough infrastructure for EVs. If you can't charge at home (e.g. you live in a flat), it is hard to live with an EV and it's much more expensive than the ICE.

You can't fill up your gas tank at home or at work, which is presumably where a significant portion of EV drivers charge their cars.

Re: In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

#50

Not 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?

As sibling comment posted, if you run a company you can write off the cost of the lease against corporation tax (25% tax saving), VAT (a further 10% saving if you have personal use, otherwise the full 20% if it's purely business), and you don't have to pay income tax on the money (albeit with a small benefit in kind payment).

If you're in the higher tax brackets this means a £200/month lease (say) ends up more like £90/month.

And because of the "new" £3kish subsidy the govt put in, the car finance companies seem to basically apply that as a big discount to the lease value (or it seems that way?). So you could get a brand new ~£30k EV with no upfront payment and a 2-3 year term for <£100/month including maintenance. Mine even came with a free car charger install at home.

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