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Money Box

MBL: Financing Electric Vehicles

Money Box

BBC

Business

4.2804 Ratings

🗓️ 26 May 2021

⏱️ 29 minutes

🧾️ Download transcript

Summary

One in four of us is considering buying an electric car, according to the energy regulator Ofgem. So, what are the finances of going electric? They often cost more to buy but the claim is that they can be cheaper to run. Adam Shaw and guests discuss the cost of buying, insuring, charging an electric vehicle and the tax breaks you get if you buy or lease an electric car through a business?

Adam is joined by Ginny Buckley, founder of electrifying.com, an electric car advice site & Hayley Jay, business specialist sales, from the car dealership Furrows. And we hear from listeners about their views on electric vehicles.

Producer Smita Patel Editor Alex Lewis

Transcript

Click on a timestamp to play from that location

0:00.0

In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers.

0:08.0

But the man who often found, tortured and sometimes killed these people on behalf of the IRA

0:12.0

was himself an informer, a secret British army agent with the codename Stakeknife.

0:18.0

Who gets to play God? And why me? Why my family? When lies are still being told to this day,

0:24.0

who do you believe? I wouldn't even know where to start and I'm with the IRA.

0:28.5

Steakknife. Listen first on BBC Sounds. BBC Sounds, music, radio, podcasts.

0:37.7

Welcome to the download of Moneybox Live, the programme about your money.

0:42.3

Today, it's all about the finances of driving an electric vehicle.

0:47.7

This week, the energy regulator off-gem approved £30 million of spending,

0:52.3

which includes the installation of over 3,500 new electric car

0:56.3

charging points. It also said that one in four of us is considering buying an electric car.

1:02.5

Well, we've had lots of views from people interested in going electric. Here's a flavour of some of them.

1:08.4

I have thought about buying an electric car, but at the moment I think that it would be

1:12.6

too expensive, and I've never bought a vehicle brand new before.

1:17.1

We are quite interested in seeing where the market goes.

1:20.7

We didn't want to overcomit at this point where expensive prices would come down.

1:25.5

An electric car makes sense from a cost point of view

1:28.6

in terms of improving our carbon footprint.

1:32.3

Well, that was Katie, Simone and Renéle reflecting both on some of the concerns

1:36.5

and advantages of going electric.

1:38.4

Well, in today's programme, we're going to be looking at the cost of buying,

1:41.7

insuring and charging an electric vehicle, and indeed

...

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