Electric Car ⚡🚗 Grant Cut Subsidy UK Manufacturers Respond Vauxhall

The uk has just gone uncut the electric car grant and in this video we're gonna find out why that's happened because it affects all of the motor industry going forward in the future and we will know why that's going on because we don't. Like electric cars because every car is going electric right but also i'm to cover because this happened in the last week so i'm also going to cover what's going on and how other vehicle makers are responding to this car it wasn't a. A massive cut as such but in terms of how much subsidy you actually get is a decent proportion of it so let me get into that now and as you can see here it statesthe grant has been cut from 3 000 pounds down to 2 500 pounds so that.

Said When You Buy !

Said when you buy a brand new electric vehicle you'll only get two and a half grand instead of three okay where's that 500 quid extra going to come from well as you can see uk slashes grounds for electric car by as well retaining pe. Petrol vehicle support okay because obviously the uk has got a plan right now of the next 10 years you know electric cars inother standard fuel-based vehicles fossil fuel based vehicles out so you know but they're still supporting t. Them the guardian is telling us about thatthe color grant eligibility changed a little as well so some of the rules within the car grant changed and that's interesting read in terms of where and how you're obtaining your vehicle and.

Things like thatbut now this is just fresh in today as you can see herenext vauxhall reduces electric car prices by more than two thousand pounds after uk government cuts plug-in hybrid grant okay so some vehicle makers are actually. Cutting the prices of electric vehicles and i i believe this has something to do the cost of manufacturing because i believe because because there's less moving parts in a electric vehicle than there is in a mechanical vehicle or or. A petrol diesel powered vehicle um the cost of manufacturer e manufacturer is maybe still slightly high because we're still waiting on battery technology to catch up but in my view i would say that it's generally cheaper to manufact.

An electric vehicle than it is to manufacture and it wasn't for tesla right because they were the first to do it but now because everyone's doing it it's going to get cheaper and cheaper as time goes on i've heard about dasia bringi. One out from you know in in europe already for you know less than 10 grand so the you know europe's already got an electric vehicle there's less than 10 grand china's already got one that's less than three grand you know it's inevit. Right prices are going to come down eventually okay i can see all your favorite cars in the future being about four or five grand cheaper maybe than they would have been if they were petrol and diesel that's without the grunt intent.

Intent But Let'S See ?

Intent but let's see how that works okay vauxhall's managed to do it already and they've done a cracking job government cut 500 quid vauxhall cut two grand there we go so that's greatum sohopefully that got through to everywhereso w. What i want to say is that there's not a case of alarm that it's not a case of you know feeling as though we're being left behind and we're being you know fobbed off in any way i think it's a reasonable cut it was it you know it rem. Me of thesolar power industry thatwent through the same phase you know there were loads of subsidies to start with and grants and stuff like that and you know with solar panels and you know producing your own power and things like t.

That and as the price in the market went down because they started off relatively expensive like solar panel you know like a two to five five kilowatt system would you know take you between you know five and twenty five years to pay. It wasn't even five actually i think it was about twelve to twenty five years to pay back and now the cost is somewhere between three and eight years so you know for you to get a return on your investment for a solar panel system th. Could potentially left you last year was guaranteed for 25 years so that's a lot of math there but what i'm saying is it happened in the solar power industry grants went down eventually and now if we're seeing it happen in the elect.

Vehicles industry grants are going down so more is to be seen i think it's a reasonable it wasn't you know straight thousand pounds off like it wasn't a third of it it's a sixth of the run that they've got off so you know i feel it's it's reasonable and especially with some kind manufacturers like vauxhall who are trying to balance the cut out by reducing their car prices by two grand i think that's fantastic and still leaves the electric car market. Very favorable i shall see you all next time.

Electric Car ⚡🚗 Grant Cut Subsidy UK Manufacturers Respond Vauxhall

 https://youtu.be/TsR68cI0WQM