The actual tax $$ saving only fits a certain group, but the fact all lease vehicle that are electric will also get all those tax incentives, that means it would be more expensive to buy a fuelled vehicle compared to an electric vehicle.
The second kick in the pants is the end of lease is generally 4 yrs from purchase, that will put a lot of ex lease second hand electric vehicles with between 4yrs and 6 yrs warranty left of the battery .... in some cases, the whole vehicle. That will be in direct competition with fuelled vehicle causing the price for a fuelled second hand vehicle to drop severely because those that didn't go electric because of the price, will have the opportunity to go electric for a lot less money. To compete with the electric ex lease vehicle prices, the second hand fuelled vehicle will need to be at a much lower price point.
The equation, purchase price plus running costs plus servicing costs less resale value will lean toward the electric vehicle because the running costs are less and the resale value higher .....
Buying a fuelled vehicle now could turn out to be a rather expensive mistake, especially when the time comes to trade it in or sell it to upgrade to a newer model, will anyone want to buy it?
T1 Terry
T1 Terry
