Just a heads up second hand value is dropping sharply in the last couple of months be aware if your sat on the fence for a new MG
I posted a video on the forum reporting on this last week.
EV values have really dropped in the last few weeks.
As prices for charging on the move have increased SO rapidly recently, people are starting to question why they are:-
( A ) Waiting SO long for the car to arrive.
( B ) Justifying the extra outlay cost of an EV over the equivalent ICE model.
All plugin grants and free / subsidised wall box chargers have now evaporated also.
EV’s will be subjected VED ( road tax ) as well.
The case for switching from ICE to EV has become less attractive / compelling recently.
If you have switched out your previous EV in the last six months, then you have done very well.
It will be really interesting to see what happens to the residual EV values in the next six months ?.
With all of these “blockers” in place, it does nothing to encourage the switch from fossil to electric cars and vans.
One step forward, two steps back !.
Are we heading down that same dark path that we travelled, when people were actively encouraged to move from petrol to derv ???.
Well, we ALL know how that ended, don’t we.