Key Post Electric Vehicles

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Zenith63 said:
Page 11 in the Finance Bill 2019 - https://assets.gov.ie/37023/f1235ce2a7804dd889b4631778c1fa5b.pdf
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Thanks for the link.

I'm assuming a fully Electric EV is Vehicle Category A from that table, meaning from 2023 i'll be on the hook for between 9% and 22.5% BIK, and the % will be applied to the Open Market Value of the vehicle (which is quite high)?

Does the table also suggest that i'll pay a higher % if my annual business mileage is low?

Am i reading this right?? It doesn't seem to make sense. Surely doesn't incentivise EV's as work vehicles.
 
Yeah I think you're reading it right. I guess we'll have to just wait and see, there could easily be a different government in power by then, if BIK is still at 0% in the UK and expected to continue then we could follow suit as we often do, if EV adoption isn't where it needs to be then I'm sure that could influence a possible extension of the 0% rate.

Personally I bought an EV through the company to make use of the 0% rate while it exists, with a view that I may just buy the car from the company in 2023 if it no longer suits. 2 years depreciation/maintenance/tax/insurance within the company at 0% BIK is still a cracking deal!
 
Zenith63 said:
Yeah I think you're reading it right. I guess we'll have to just wait and see, there could easily be a different government in power by then, if BIK is still at 0% in the UK and expected to continue then we could follow suit as we often do, if EV adoption isn't where it needs to be then I'm sure that could influence a possible extension of the 0% rate.

Personally I bought an EV through the company to make use of the 0% rate while it exists, with a view that I may just buy the car from the company in 2023 if it no longer suits. 2 years depreciation/maintenance/tax/insurance within the company at 0% BIK is still a cracking deal!
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I love my EV but there's no way i could afford to buy it from my employer, even when it's 3yrs old. In reality, if this hasn't changed by next year's Budget, i'll be asking for the regular company commercial vehicle back, which happens to be Diesel.

I'd imagine 1000's of others around the country would be in a similar situation.

There's a real opportunity here to encourage employers to switch at least part of their fleet from Diesel to EV. If these incentives are phased out (like the SEAI grant was discontinued a year ago), we will be missing this opportunity.

The increasing % rates makes no sense either. They are encouraging people to drive more often and further, to ensure that they don't fall into a more punitive BIK band. You'll get lads diving down the country to clock up enough miles to save themselves €1000 or so.

This is mad stuff.
 
Purple said:
The problem with Electric Cars as of now; Kia Niro Electric €41k. Cheapest second hand €33k.
I could get a 2019 5-series with a good spec for €41k or a 2018 version for €33k.

Other than the fact that it's electric there's no reason to go for the Kia. If you do low mileage you'll have a lower carbon footprint buying the secondhand 5-series instead of the new Kia Niro.
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Yes, the price differentials are the quandary at the minute. Also, I am not as put out with range anxiety but more the lack of charging infrastructure. There are one or two token chargers in maybe 2 - 3 public car parks in a typical regional town. That is definitely not good enough to support a ramp-up. Mind, previously I was doing about 25k miles per year, now I am down to 10k.... it really is time to consider it.
 
Sadim said:
Yes, the price differentials are the quandary at the minute. Also, I am not as put out with range anxiety but more the lack of charging infrastructure. There are one or two token chargers in maybe 2 - 3 public car parks in a typical regional town. That is definitely not good enough to support a ramp-up. Mind, previously I was doing about 25k miles per year, now I am down to 10k.... it really is time to consider it.
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Lower mileage makes the move to electric less attractive from an environmental perspective. The best thing you can do it just keep the car you have.
 
Purple said:
€6k worth of car and I bet it does 95% of everything a new one will do. You might have to plug your phone into an Aux cord to play Spotify but other than that...
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Very true. Like all German cars.... utterly reliable. I am just afraid that it is at its stage in the life cycle where things start to go seriously wrong and seriously expensive.... I don't do Spotify, I mix my own CDs from my iTunes collection! Besides, I don't think it will be worth €6k, I have 170k miles (not kms) up on it.
 
Sadim said:
Very true. Like all German cars.... utterly reliable. I am just afraid that it is at its stage in the life cycle where things start to go seriously wrong and seriously expensive.... I don't do Spotify, I mix my own CDs from my iTunes collection! Besides, I don't think it will be worth €6k, I have 170k miles (not kms) up on it.
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Definitely not worth €6k so. Probably half that. Is it aa 1.8 diesel? If so have you had the dual mass flywheel replaced?
German cars being ultra reliable is a myth. Merc's are some of the most unreliable cars on the market and most BMW's and Audi's don't get into any top 10 rankings. The Japanese and the Koreans have that boxed off. That said most cars are very reliable and German cars are lovely to drive (Opel aren't German cars, they are American cars that are built in Germany).
 
Purple said:
Definitely not worth €6k so. Probably half that. Is it aa 1.8 diesel? If so have you had the dual mass flywheel replaced?
German cars being ultra reliable is a myth. Merc's are some of the most unreliable cars on the market and most BMW's and Audi's don't get into any top 10 rankings. The Japanese and the Koreans have that boxed off. That said most cars are very reliable and German cars are lovely to drive (Opel aren't German cars, they are American cars that are built in Germany).
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I couldn't even identify a dual mass flywheel if it jumped up and hit me in the face! I do notice it's a bit noisy in the back lately like metal scratching on metal... sounds like suspension, springs and/or shocks to me but then again, I will have to bring it to the garage to find out
 
VW's new battery technology is set to change the market for EV's with a 1000Km range and an 80% charge in 15 minutes.

Volkswagen’s €246 million ($300 million) investment in battery start-up QuantumScape is set to pay off enormously, pole-vaulting the group’s premium brands like Audi, Porsche, Lamborghini and [broken link removed] well beyond Tesla’s range claims.

While the Volkswagen Group’s EV assault has begun with lithium-ion battery technology, solid-state batteries could give it up to 50 per cent more energy density, delivering up to 1,000km of range, with 80 per cent recharges in just 15 minutes.
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Source.
 
Purple said:
Definitely not worth €6k so. Probably half that. Is it aa 1.8 diesel? If so have you had the dual mass flywheel replaced?
German cars being ultra reliable is a myth. Merc's are some of the most unreliable cars on the market and most BMW's and Audi's don't get into any top 10 rankings. The Japanese and the Koreans have that boxed off. That said most cars are very reliable and German cars are lovely to drive (Opel aren't German cars, they are American cars that are built in Germany).
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Eh? where are Opels designed?
 
fidelcastro said:
Eh? where are Opels designed?
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Opel are an American car which is built in Germany.
They say that they are designed in Rüsselsheim, and I'm sire that much of the design takes place there but in essence they are still a General Motors car although PSA seem to be turning them into reasonably good cars again. Personally I've never driven one I liked and they are nowhere close to BMW, Audi or Mercedes from a handling and build quality perspective. Even the generally dull VW's are nicer to drive and VW's build quality is excellent.
 
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Purple said:
Personally I've never driven one I liked and they are nowhere close to BMW, Audi or Mercedes from a handling and build quality perspective. Even the generally dull VW's are nicer to drive and VW's build quality is excellent.
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Yikes is that the market they were targeting!? I always considered them an alternative to Renault/Peugeot/Nissan?
 
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