Incentives are they returning

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Are the incentives to by an EV on the return two weeks ago MG offered £1000 off when you took a test drive, and today I see on a TV add that Mini electric are to offer cheaper financing and free home charger or a cash offer, these have appeared since Tesla came with their price cuts I wonder what’s to come next.
Les
 
Are the incentives to by an EV on the return two weeks ago MG offered £1000 off when you took a test drive, and today I see on a TV add that Mini electric are to offer cheaper financing and free home charger or a cash offer, these have appeared since Tesla came with their price cuts I wonder what’s to come next.
Les
You can buy 23 plate Corsa e's for £26995.

Renault megane etech techno's are available brand new for £36995, so a £3k discount.

Various manufacturers doing similar.
 
The huge increase in the price of public charging, has certainly scared people away from the switch over to EV driving.
Unless you can charge from home or at work for a cut price or even better for free, then covering a lot of miles in an EV is just not cost effective at the moment TBH.
It kind of reminds me of the time, when the government was encouraging people to buy the new leaner / greener oil burners.
Manufactures jumping on the back of this by increase the price over a petrol car by around £1,500 on the list price.
As soon enough people bought them, they increase the price of the derv until it became more expensive that petrol ⛽️ itself !.
The refining cost of derv is a lot less expensive than petrol and yet look at the prices they are charging for it.
No wonder their profits are SO high.
I think it’s safe to say, we have been down this road before then.
Therefore it could be said that EV’s are the new oil burners in an unfunny type of fashion maybe ??.
Hook in the EV buyers and then increase the price of the juice required to run them substantially.
It’s only natural that people are still smarting a little bit.
Now, throw in a good dollop of discounts on some Tesla models straight after Xmas 22 which really had a knock on effect on the residual values on the EV markets.
Add in the introduction of the VED coming shortly and the corner for EV adoption becomes harder sell now alright.
Tesla was definitely responsible for forcing the hand of legacy manufactures, to start producing EV’s that they never really wanted to produce, had they had their own way.
Now almost every manufacturer is producing EV’s to give Tesla some competition, so how does Tesla respond to that competition, by suddenly dropping the price of some of their models.
There does not appear to be any shortage of the popular model 3 cars either.
None of this 12 - 18 month wait list malarkey.
We paid a visit to the Trafford Centre ( Manchester ) shopping centre last week.
Tesla for a while now, using one of the massive car parks there, as a drop of and pick up point for mainly model 3’s.
It is wall to wall brand new cars, in row after row, after row.
Large car transporters arriving and leaving day after day apparently.
There was three transports unloading in the morning and another two in the afternoon when we left !.
Many of these cars must have homes to go too I guess !.
If you turn up late for EV party ( legacy manufactures ) then don’t expect to be in control of that market place sorry.
Any happy EV owner ( what ever to drive ) has thank Tesla for what they have done for EV motoring.
Without their focus and drive towards EV motoring, we would all be driving fossil burning cars for sure.
 
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Jeff agree with all the above BUT have you got some inside info for me, I had not heard that Tesla where to give more discounts after Xmas 23 lol.
I think I had better start saving up because it doesn’t look like my 5 Trophy is going to give me a lot back in PX at the moment.
Les
 
Jeff agree with all the above BUT have you got some inside info for me, I had not heard that Tesla where to give more discounts after Xmas 23 lol.
I think I had better start saving up because it doesn’t look like my 5 Trophy is going to give me a lot back in PX at the moment.
Les
Hi Les - Sorry about the “typo” it should read “after Xmas 2022” - my crystal ball ? does not reach that far into the future Les !.
I have been watching the EV Nick channel on You Tube ( worth checking out ) he has really good content on all things EV.
He is car trader himself and drives a model 3.
One of his recent videos touched on the prices of EV’s and it his own believe is that prices will rise again.
Not to the stupid levels we seen in the past, but they will settle to a more reasonable figure.
 
Hi Les - Sorry about the “typo” it should read “after Xmas 2022” - my crystal ball ? does not reach that far into the future Les !.
I have been watching the EV Nick channel on You Tube ( worth checking out ) he has really good content on all things EV.
He is car trader himself and drives a model 3.
One of his recent videos touched on the prices of EV’s and it his own believe is that prices will rise again.
Not to the stupid levels we seen in the past, but they will settle to a more reasonable figure.
I have seen a lot of his stuff and yeh he’s quite good and I think we all hope he’s right
Les
 
And if you aren’t watching the electricity markets, electricity is now down to 10p a kWh on the day ahead market. With gas prices also down, the futures markets are indicating 3.5p a kWh wholesale, LNG rising in the autumn to 5p or thereabouts. But, Europe finished this winter with 55% of the underground storage full, French nuclear is back on stream, not quite at full capacity but not completely buggered like last summer. The UK pushed many GWh of both tegassed LNG and electricity over connections to Europe from April through to End of October every day and that with the Grain terminal for LNG not operational. Also Europe didn’t have the access to LNG it has now with Poland now with one, Germany with 4 and The Dutch added 2 more to the one they had. I think both Belgium and France have 2 extra terminals and Italy and Greece added capacity too. Both Spain and Italy have pipelines to Notth Africa, Spain in particular ships LNG out of the country. They have agreed to take extra from Tunisia I believe. And last year from June to March 23, Freeport in Texas which produces 20% of the US LNG was out of action after an explosion.

The new terminals are repurposed tankers, connected to the mainland grid. There is no shortage of tankers, in preparation for Qatar doubling its output next year/2025 135 new ships are in progress with 4 or 5 launched each month. Mexico is building an export terminal facing Asia connected to Texan gas, That avoids the Panama Canal. Also Canada is building a new dock and LNG plant to the noth of Vancouver.. I think those will come on stream next year.

In the mean time Europe is building more wind farms. GB will have 2.5 GW more from December this year compared to last winter. And yet another 2.5 GW the following year. Twenty twenty six might see 4 and possibly 8 GW coming on stream, there is a bit of uncertainty caused by NYMBYs in East Anglia. But that is the year that the Grid have said there will be no need for gas generation for days on end.
 
The only other problem with Global energy is OPEC decision to reduce output which will elevate the price of petrol again…
 
Over the last month the number of charge points has quadrupled in my town, both Rapid and 'Fast'.
However, the cost has also nearly doubled. I think some of the providers though may be shooting themselves in the foot if they keep these high prices too long while the wholesale price have lowered. One supplyer had 8 new 7Kw chargers installed about 2 months ago. The price was about 38p kWh. The company has now been absorbed into a bigger organisation and although they have rebadged and repainted the chargers the cost has gone up to 65p kWh. As a result they are hardly used. Fortunately there is still a set of chargers available across the road still at 28p kWh. and I'm not telling anyone where that is. However, needless to say they are quite busy.

Sometimes these companies need to look at why Elon Musk lowered the price of Tesla's so dramatically this year. Higher income from small profits by mass selling, rather than niche selling at inflated profits. The economies of scale and a strategy to dominate the market.

I think some companies don't understand that the modern buyers are not fools. They have long memories and will punish those who think a fast buck is an intelligent modern business startegy.

Rant over.
 
Sometimes these companies need to look at why Elon Musk lowered the price of Tesla's so dramatically this year. Higher income from small profits by mass selling, rather than niche selling at inflated profits. The economies of scale and a strategy to dominate the market.


We also need to remember that before he dropped the prices, Tesla had a whole series of price rises last year, he has basically just started removing the rises.
 
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The business support for companies has been removed. The power may have been bought in the futures market and still be expensive to the companies. I don't believe it's always them trying to hose us, though they are businesses trying to turn a profit.
 
More Tesla price cutting on the way apparently.
 
This could be partly because they have the revised Model 3 being released soon
More down to a general slump in demand for EV’s I think. Which is perfectly understandable, given their high price, the economy/interest rates and the cost to charge publicly which is not much cheaper than petrol.
 
More down to a general slump in demand for EV’s I think. Which is perfectly understandable, given their high price, the economy/interest rates and the cost to charge publicly which is not much cheaper than petrol.

Tesla have continually bumped up the price of the M3 from 2019.
2019 standard M3 £38050,
there were two price rises last year March 22 rose £1000 to £45990.
June 22 rose to £48490, ridiculous price!

It is now back to a slightly more realistic price point, the test for Tesla will come with the release of the BYD Seal, it is a direct competitor in terms of size, saloon etc but a far more modern package. Interesting times!
 
Yes it is. Tesla pushed their price as much as they could whilst still maintaining orders. I agree that they were over priced but they continued to sell. Now sales have stalled, they are falling to a more realistic level.
The residuals for those that purchased when the prices were at the highest will take a big hit!
 
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