There are other advantages: for instance, you will avoid the (typically) higher purchase price of an all-electric car and potentially benefit from less-expensive company-car tax, London’s Ultra Low Emission Zone charges, more favourable vehicle-excise duty and lower Congestion Charge tolls – … They are sometimes referred to as an EV, which stands for electric vehicle and they have an electric motor and batteries instead of a petrol or diesel engine. If you want to buy a non-Tesla electric car, the experience is similar to buying any car. These cars may be better for the environment but it surprises many people to learn that there are reasons why you shouldn’t buy a fancy new electric car. What are you after? Instead, you charge your vehicle at an electric power source. There is hardly any noise when you start up your engine, which can be a relief if you drive early in the morning or late at night. Where and how are the cars made? It has a 42.2 kWh battery and this is going to provide a good range. Do you want to see some of the electric cars that are on offer in 2019? Once you own an EV (electric vehicle) the running costs are low (Source: podpoint). Popular searches. Why not speak to one of our helpful advisors today to discuss how we can help you. [Photo: Hyundai] So if you want to sell an electric vehicle today, it should be a crossover. Simply fill out the form below or phone 020 7398 6600 and we will be in touch. Perhaps It’s Time to Consider an Electric Car. Should I buy an electric car now or wait? Plus, they have a nearly 200-mile range, which is good for such an affordable vehicle. Prices are at the upper end of the market, so they’re also tough on the wallet. Sign up now to be the first know when we have a new article available. Each month our expert team create insightful content to help you navigate the world of personal finance. Beware those longer journeys, however, because the battery makes the car heavier, and conventional fuel consumption increases. Why not follow us on social media for more news and views? You can simply charge them at home and you will be ready to go. Today, there are more than 315,000 plug-in cars registered in the UK, with the registration of pure electric vehicles in the first six months of 2020 up 86% compared to 2019. What’s more, some EVs such as the Toyota Prius, have a special feature that means breaking in traffic helps to recharge the vehicle. Given that the car itself cost £2,650 more to buy, it would take 25 years to claw back that initial outlay. These vehicles are automatically exempt from road tax or the London congestion charge. The pros and cons explained. Do I need to enter/leave at the times booked? Well, the good news is that this is something you do not have to worry about when you choose an electric car. You should receive a text containing a link to download our app shortly. Electric car sales are booming, and no wonder: the best are quiet, cheap to run and smooth to drive. In fact, one in 10 new car sales in October 2019 was battery powered. From then on the choice will increase and the prices will become more competitive. With cars, as with other consumer items, the early adopter can enjoy the thrill of being first in the queue. I grew up to the east of London, and like the majority of my friends, my career followed the familiar commuter path.. Don Fraser was introduced to me and recommended as someone I could trust to create a financial plan with money raised from the sale of my business. Apply for finance on an electric car Brands from Volkswagen to Jaguar and Kia now offer a selection of hybrid, plug-in hybrid and electric cars across a range of prices. This means fantastic savings! Here are seven good reasons for buying a new EV next month/year: 1. Subscribe and stay up-to-date with the latest news and views from the world of parking, Subscribe for updates from YourParkingSpace and get 10% off your next booking. A: They can make a huge contribution to reducing carbon dioxide emissions — that’s the most important reason. This is the first of those that will reach the U.S., and it's called the ID.4 . Penalties could be imposed by central government. According to MPs on the Parliamentary Energy and Climate Change Committee, advancements in electric vehicles will mean traditional-fuel-powered vehicles will probably be banned by 2030. We look forward to working with them for many more years to come. Perhaps you should wait? The batteries on your EV can last up to 8 years, so you will not have to worry about them anytime soon. What’s it going to be – all-electric, a hybrid, petrol or diesel? And there is almost no market yet for used electric cars. It’s a plug-in, hybrid electric vehicle. If you have a budget of, say, less than £5,000 to buy a second-hand car, or £20,000 to buy a new one, then you will struggle to find an electric car at current prices. Audi E-Tron. This includes a big touchscreen for all your infotainment needs. When my wife and I met Don, we both liked him and also his investment and income strategy. While it may seem like a daunting prospect at first to change over to an EV car, there are lots of advantages to choosing an electric car. But in return, you can enjoy fantastic performance in this crossover SUV. What is the age of the average start-up entrepreneur? Should I buy an electric car now or wait. Rapid Charge Units (50kW) can charge a battery to 80% in under half an hour. The final option is the all-electric one. Making a mistake now could be costly in the long-term. In reality, very few people will buy a new electric car outright. They are much cheaper to run since you no longer have to buy petrol. There are other advantages: for instance, you will avoid the (typically) higher purchase price of an all-electric car and potentially benefit from less-expensive company-car tax, London’s Ultra Low Emission Zone charges, more favourable vehicle-excise duty and lower Congestion Charge tolls – especially if you live in London. They cause pollution that can create harmful air, which can also affect our health. Buy a petrol car with BS VI engine which will be available from 2020 on wards. This in part is why there are now 100,000 electric cars on UK roads, and 2m worldwide. All this in addition to a simple, straightforward fee structure for the services they provide. Eventually we'll have little to no choice but to own electric cars, with the UK pushing for an entirely zero-emissions road network by 2040. You have to consider fuel, depreciation and running costs as well as the initial outlay. Older readers who had video recorders at home will remember the contest between Betamax and VHS. Source: Petrol Retailers Association. Electric cars are becoming increasingly popular, with almost 31,000 pure EVs registered in the first half of 2020, an increase of 158.6 per cent on the previous year. Toyota Announce Guardian Angel That Could Save Your Life. If most of your driving consists of short, local trips, the electric motor does all the work. However, if you do not find your way in the current offer, or do not have the budget, then you better wait until 2021. Plug-in hybrids can travel further using only electric power than conventional hybrids, although not as far as pure electric cars (Battery Electric Vehicle or BEVs). Or you don’t have your own parking space near home? Electric cars may be lovely to look at and a great topic of conversation. It was first introduced onto the car scene back at the 2019 Geneva Convention and it has been a hit ever since. Are you sick of paying road tax or the London congestion charge for your vehicle? Do you leave early for work in the morning and wake everyone up with your loud engine? If you are looking for an affordable electric SUV, you will definitely want to have a look at the Kia E-Niro. The only addition is a sleek electric design that has different rims. Why you should wait until next year to buy a car to avoid diesel taxes – and electric cars will be EVERYWHERE by 2021. New and coming out soon in 2019 is the Audi E-Tron. When you jump into the driver’s seat, there is a futuristic cabin. These vehicles are famous for being silent on the road, which means you can travel in peace. If there is one car brand that everyone thinks about when we are talking about electric cars, it is Tesla. Renewable energy is hovering at the 50% supply level in the UK. Bridging the gap is the hybrid. This is typical of any new technology. Sales of petrol cars are down over 3%. This is one of the most popular EVs on the road and for a good reason. This means that as long as you can afford it - brand new electric cars are still pretty pricey for now - there's more electric car choice than ever before. If you are a BMW fan, do not worry; this EV does not sacrifice anything from the traditional models. Here are a few reasons why you might — or might not — want to buy an electric car with some miles on it. If you are looking at two-car families, now is an ideal time to buy.” But plug-in hybrids, or PHEVs, also come with some widely recognised downsides. They are a fantastic family friendly car that is going to be perfect for driving around the city. But many people who want to buy an electric car often make the mistake of putting the solar-powered cart before the horse. In October 2019, the sale of diesel cars fell for the 31st straight month in a row. There are 8,400 petrol stations in the UK. It is estimated that an electric car is around one third cheaper to run than a petrol vehicle. Here are some similar articles we think you'll find interesting. It is estimated that this electric car only costs 2-3p per mile; a lot cheaper than 15p per mile when you are driving a normal vehicle. It offers a good range of 144 miles and charging the battery up to 80 percent only takes as little as 45 minutes. This is an attractive vehicle that offers you zero emissions thanks to its 64-kWh lithium-ion polymer battery pack. Are you facing this modern dilemma? You can get back on the road in no time. But there is political pressure on the horizon for a greener approach to motoring. There could be too few charging points in your area or on your commute. What about the production of the minerals that your battery needs, let alone their safe disposal later? You are definitely not alone on this one, as more and more drivers are making the switch. Instead, there are cameras for maximum visibility on the road. Let’s take a look at some of those benefits and the best electric cars to expect in 2019. We will inform the owner of the space and automatically send you the full space address and any extra details. This is a four-seater car that is still comfortable and high-tech on the inside. We quickly realised that Don and his team at Capital, will continue to act in our best interests. You can travel in style around town. Induction pads in major roads could take decades to develop. What’s more, if you like the style of the Golf, you will be pleased to know that the VW e-Golf takes on the much-loved style. They are affordable to buy and they are also a compact car that is easy to drive. Compared with a fossil-fuel vehicle (according to Cap HPI) it costs 23% less to maintain and service an electric car. When Don moved to Capital Asset Management, because of the close relationship we had built with him over a five-year period, we decided it was probably in our best interest to go with him. You want to be environmentally responsible - but you’re not sure about the practicality of a fully electric car? A Tesla battery, for example, can cost £25,000 when it eventually needs changing. In fact, there are certain circumstances where the government may also give you a grant for purchasing an EV. Plus, the style looks cool too! We all know how much gas can cost at the petrol station. Larger cities are considering clean-air zones. Q: Why should someone should go out and buy an electric car right now? They still account for 25% of car sales, but the trend looks ominous. The comfort we have gained from their support in the management of our investments has been invaluable to us, allowing us to explore our personal wishes, encouraging us to enjoy our financial security with the confidence that our future needs will be reviewed and managed on a continuous basis. Enter your phone number below and you will receive a one-time text message to download the app. It has limited application convenient to a certain percentage of users. We promise we won’t email too often - but when we do, it’s always worth reading! Even though electric cars are receiving more positive attention and becoming more common, adoption is slow. You can travel executively in the Tesla Model S and enjoy acceleration from 0 to 60 mph in just three seconds. But which are the bright sparks worth considering – and which are the loose connections? Let’s take a look. Now you can do your part for the environment while saving yourself some money. There is more to choose from now than ever before. In addition, plug in vehicles now make up 7.7% of all new cars sold in the UK. Since they have an electric motor as opposed to a traditional engine, there are less expensive repairs to make. Then you will be pleased to know that they have released their first electric car to add to their fleet. Most importantly, we have never been made to feel embarrassed, asking what in many cases are probably routine questions and perhaps often, questions we already ought to know the answer to. You can arrive and leave any time within the booked window. It can take a while to charge, but it can also do nearly 300 miles. It is practical and the right size for travelling around town. Our Account Director Don has become a trusted confidant and we often brainstorm ideas and concerns before making decisions, particularly involving the support of our family. Wondering how much does an electric car cost? Guess what? It is time to enjoy better air quality around the city! The cabin has a lot of advanced technology to enjoy and you will even see that this car does not have any wing mirrors. Their electric-only range is typically in the 30- to 40-mile distance. Fleet and business cars account for about 55% of all sales. This is at your higher end for electric cars, which means you will pay more. The choice of battery-electric cars (BEVs) will only increase. If you’ve been paying any attention to the headlines recently, you might think that now is a better time than ever to ditch gas-powered cars in favor of all-electric. It is a fast saloon that is unique. Please check your email and make sure to confirm your email address in order to receive your discount code. But soon enough, reality kicks in. In this case, where exactly will you charge? Electric vehicles are not cheap by any standard but it is the running cost without taking the life of car is cheap. Exhaust emissions from petrol cars are very damaging to the environment. There is hardly any noise when you start up your engine, which can be a relief if you drive early in the morning or late at night. How many electric cars are there in the UK? Of course, all electric means no emissions and a lot of fun. The most recent figures show that car sales are falling, but sales of electric cars are on the increase. Well, now there is the VW e-Golf, that’s very environmentally friendly. Electric Cars Cost A Lot Of Money. And supposing your battery starts to run down during a long journey? Technology is far from being mature. Here are five reasons you should think twice before buying an electric car and give an internal combustion engine a big consideration. If you live in a rural area, waiting for the local authority to put a charger in every lamp post could take forever. You can find them here. Source: Zapmap. In particular, stopping and starting in rush-hour traffic in the city eats up your petrol. We guide you every step of the way and keep you on track for the future you deserve. This means you do not need any petrol or diesel. Some of the same strategies that apply to the best time to buy a new car apply to used cars, but not all of them. Electric cars are increasingly taking to our roads but many people still have reservations. We have worked with the team at Capital Asset Management for a number of years now with complete confidence and satisfaction and have found them to be competent and professional advisors. Are you a fan of Jaguar? There was only one winner. But the good thing about electric cars is that they have zero exhaust emissions. What if you live in a block of flats without charging points in the car park? For urban driving, the Golf is a popular car on the road. Head to your local dealership, and hope that they don’t try to steer you away from an EV (be strong! Various companies are currently vying with each other to develop the lightest and most powerful new batteries. If you need a level-headed second opinion before you make the leap, contact one of our experienced financial planners here. Moving to Capital Asset Management with Don has proven to be one of our better ‘financial’ decisions. © Copyright 2020     Careers     Become an adviser     Partnering together     Cookie Policy     Privacy Policy. Volkswagen is readying a tidal wave of electric cars—50 total across its various brands—to debut by 2025. We are both very confident that their exceptional client service and professional ability will ensure we have a long relationship with them and financial independence for the rest of our retirement.”. If you know anything about electric cars already, you will have definitely heard about the Nissan Leaf. Best Time to Buy a Used Car. Capital helps you to discover what you want from life, and designs a personal financial plan and robust investment portfolio to get you there. This car makes driving enjoyable again, as well as cost efficient. Not only are electric vehicles cheaper to run, they are cheap to maintain too. Fossil-fuel cars, then, are already on long-term notice to quit. Who knows when, or if, the tipping point will be reached? This buying guide provides an overview of the key issues to consider when looking to buy an electric vehicle; which include whether an EV is right for you, the availability and choice of electric models, and the impact on vehicle ownership and running costs. Shareholders may pressure leasing companies to adopt greener policies and employees may have little choice regarding their company cars. The government gets huge tax revenues from fuel taxes, so early adopters may be on the wrong side of the tax argument. The Slow Charge is up to 3kW using your home 3-pin plug. Alternatively, they think eco-friendly purchasing decisions mean financial sacrifice and will impact the family budget. This means you can enjoy up to 282 miles on just one single charge. According to the RAC, hybrids use up to 30% less fuel than conventional engines. The transition has been seamless. Yes - we only confirm bookings in line with the availability set by the space owner or operator. A normal three-pin socket in your garage is enough. Company Number: 08670309 | YourParkingSpace © 2020, Councils bring in record £693m from parking charges. The current choice of electric cars is limited. Once you have confirmed your email address we will send you a voucher code for 10% off. Tesla Model 3: Has Elon Musk Tapped the Mass Market? Petrol is thought to be a safe and reliable option. Meet Nick Heath - Business Development Director, Iceland  Ireland  Israel  Slovenia  Netherlands, UK  Sri Lanka  Spain  Portugal  France  Canada. This means that you can do your bit for the environment while still traveling like you usually do. If you are on the lookout for a premium electric vehicle, then you do not have to look any further than BMW. Governments around the world have set timetables to eradicate them. If you own a car, at some point you will be faced with replacing it. Hybrids are the most popular option, ahead of all-electric sales. Imagine me driving the same electric car I buy today 50 years from now while I drive a 1964 model 3.4S Jaguar as a far better car than most of any new model cars with all available replacement parts and optional add-ons. For example, most PHEVs have an electric-only range of around 30 miles, although some models like the Prius and Hyundai Iconiq have electric-only ranges closer to 40 miles. A Fast Charge Unit is 7kW to 22kW. So, let’s take a look at some of the best ones. They have proved to be keen motivators in relation to our using our investments to enhance quality of life. We have been particularly impressed with the effort they have made to get to know us personally, to appreciate our aims, goals and dreams. Each one of them will have several pumps, with a total of 68,000. Car created by Audi and it is estimated that an electric car the future you deserve one single.! 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