Ford to bin the Fiesta off

Alan Harper's Tash said:
How long will a Tesla battery last and how much will it cost to replace?
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It's hard to say but how many people buy a car and ask how much a new engine or any of the other million things that can go wrong will cost in 10 years? My mate at work has just had a surprise £2k bill for new gearbox bearings on his 6 year old BMW.

With Tesla the battery is guaranteed for 8 years or 100,000 miles and it's maintenance free so you don't need to worry about anything until beyond that. How many manufacturer guarantees for petrol engines run past 8 years? You'd be lucky to get 3 years out of most of them which funnily enough is around about the time that the problems start.

(I did a quick google and Elon Musk says the batteries will go beyond 200,000 miles and cost around £4k to replace)
trumpton said:
Yes, I'd happily pay £5 to fill a petrol car for 5-6 hours overnight. Sign me up please as I can't afford to switch to an electric vehicle.
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Yep that's a problem but they're only going to get cheaper over time and for some it might be more affordable then you think. Almost no-one factors in that the price is a bit more but then you don't have to pay for tax, servicing or petrol.

Anyway sorry to go off-topic but I'm not surprised that Ford has killed the Fiesta. 10 years ago it was the best-selling car and now it's not even on the top 10 list.
 
inbetween said:
It's hard to say but how many people buy a car and ask how much a new engine or any of the other million things that can go wrong will cost in 10 years? My mate at work has just had a surprise £2k bill for new gearbox bearings on his 6 year old BMW.

With Tesla the battery is guaranteed for 8 years or 100,000 miles and it's maintenance free so you don't need to worry about anything until beyond that. How many manufacturer guarantees for petrol engines run past 8 years? You'd be lucky to get 3 years out of most of them which funnily enough is around about the time that the problems start.

(I did a quick google and Elon Musk says the batteries will go beyond 200,000 miles and cost around £4k to replace)

Yep that's a problem but they're only going to get cheaper over time and for some it might be more affordable then you think. Almost no-one factors in that the price is a bit more but then you don't have to pay for tax, servicing or petrol.

Anyway sorry to go off-topic but I'm not surprised that Ford has killed the Fiesta. 10 years ago it was the best-selling car and now it's not even on the top 10 list.
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The issue on longevity is around 2nd hand value. Its just unknown for most electrics.

Most people buy second hand cars. And most cars run for 10 to 20 years before being scrapped. With Electrics these dynamics around the depreciation value and how well they run as bangers is a big issue.
 
inbetween said:
Tesla are rolling out 300KW chargers which take around 15 minutes but you have to pay quite a lot to use them. But then again who fills up at motorway services paying £2.00+ per litre?

Ask yourself if would do this swap. Instead of taking a few minutes, would you fill up your petrol car at your house for 5-6 hours overnight but the petrol costs £5 instead of £50? If that sounds good then an electric car is definitely for you.
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It’s not £5 though is it. A Tesla model S has a 75kWh battery with a maximum range of 230 miles so that’s 32.6kWh per 100 miles. The relationship between battery size and range is virtually constant regardless of manufacturer within +/- 5%.

32.6kWh at the present rate of electricity 0.34/kWh is £11.

A fuel efficient petrol car will do around 50mpg so 2 gallons of petrol per 100 miles at current prices (£6.23 per gallon) that’s £12.50 ish per 100 miles.

**Correction £7.17 per gallon so £14.34 per 100 miles (well spotted @trumpton)

£400 per yr difference based on 12k miles per year for fuel. Road tax (£165) and servicing (£230 according to Ford) so another £400, that’s £800 per yr difference. The batteries are covered for 8 yrs therefore if the electric vehicle costs over £6400 more you are out of pocket. That also omits the fact that EVs do have service intervals which are required to maintain the warranty albeit that they are around 35% cheaper than that for a petrol equivalent.

It’s much closer than you think so offsetting the price difference between an electric vehicle and petrol, unless you do massive mileages is virtually impossible.

At the bottom end of the market an all electric Peugeot 208 starts at £26725 including the governments discount. The equivalent petrol 208 starts at £18000 so nearly 9k difference.

Environmental considerations aside, at present the only way it makes economic sense as far as I can see, is if you get a car via your employer, the BIK is only 2% so it’s much cheaper from a tax point of view. Likewise if you are self employed there are similar tax incentives.
 
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Gaudion M said:
The issue on longevity is around 2nd hand value. Its just unknown for most electrics.

Most people buy second hand cars. And most cars run for 10 to 20 years before being scrapped. With Electrics these dynamics around the depreciation value and how well they run as bangers is a big issue.
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This was my point really around batteries.

Also, when selling a car at 7 years of age, how much does it affect the price of the car. The battery still works but only has 1 year of warranty left on it.

People could be throwing thousand of quid down the drain without knowing it.
 
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