How the U.K. budget affects to EV market

On March 12, 2020, the British government announced it’s annual budget which brought about changes for the electric vehicles market.

The following government grants are in effect for the next three years until 2023, starting March 12, 2020.

  • The grant to purchase a new EV, with a minimum range of 70 miles (112 km), is now £3,000, down from £3,500. This grant can now only be applied to new cars that cost less than £50,000.
  • Zero emission Light Commercial Vehicles (LCVs) are now also eligible for government grants. New EV vans are eligible for up to £8,000 in grants. Large vans and trucks can apply for up to £20,000.
  • Electric taxis can access up to £7,500, and electric motorcycles up to £1,500.
  • Grants for electric vans, large vans, trucks, taxis, and motorcycles are extended until 2023.
  • Zero emission vehicles (ZEVs) will be exempt from the Vehicle Excise Duty ‘expensive car’ supplement from 1 April 2020 until 31 March 2025. This is good news. Ordinarily, this tax applied to all vehicles that cost over £40,000. Removing this for EVs is step in the right direction to encourage the uptake of EVs and support the road to zero in the UK.
  • The U.K. government has committed to a £500 million investment in the rapid charging network over the next 5 years, to ensure that drivers are never more than 30 miles from a fast charging station. This will provide further comfort for drivers to make the move to EVs, which has largely been hindered by a perceived lack of charging facilities.

More », electrive, Accountancy Daily, Electrek

Electric vehicles are shattering the future of the auto maintenance and service sector

Reilly Brennan, TechCrunch »

With one-fifth the number of powertrain parts and an almost total elimination of oil (a), the typical automotive dealer will suffer 35% declines in maintenance and service revenue, or roughly $1,300, for an EV versus an internal combustion engine vehicle over a five-year period (b).

But this disruption is not even. Two of the top three maintenance items — oil changes and brake service (24% and 5%, respectively, of all maintenance transactions in the U.S. market) — are reduced or eliminated entirely by the move to EVs (c).

Why are brakes impacted? EVs often use a process called regenerative braking, which slows vehicles down while also saving energy. The reduced wear on pads and rotors is striking: some Toyota Priuses are still operating on their first set of brake pads after more than 100,000 miles of use, whereas you’d normally assume pads would be replaced after about 30,000 miles.

Consumer Reports has released their list of the 10 best vehicles for 2020

Five Toyota (including their Lexus luxury brand), two Subaru, a Honda, a Kia, and a Tesla.

Tesla is the only American brand to make it onto the CR list. Sadly, the only EV to make the list is the Tesla Model 3.

Under US$25,000
Small Car: Toyota Corolla

US$25,000 – US$35,000
Small SUV: Subaru Forester
Hybrid: Toyota Prius
Midsized Sedan: Subaru Legacy

US$35,000 – US$45,000
Large Sedan: Toyota Avalon
Mid-sized, Three-Row SUV: Kia Telluride
Compact Pickup Truck: Honda Ridgeline

US$45,000 – US$55,000
Mid-sized SUV: Lexus RX
Sports Car: Toyota Supra
Electric Car: Tesla Model 3

The whole article is available on the Consumer Reports site.