Pro's and con's for buying an electric vehicle

They were discussing PCPs on BBC Breakfast TV this morning. They said from a legal point of view you can hand the car back anytime without paying any extra. However, in practice, if you do hand it back, the finance company look at your mileage and if it's in excess of the contracted amount, they charge you an extra fee. If you refuse to pay it, it goes down on your credit report as a default that affects your credit rating.

I may have a lot of debt, Kj, but it's wise debt which I look upon as a good investment because of the future savings it will bring me! 

Settling a PCP early details (relating to negative equity.)

see here

The major challenge I see with motorhomes will be getting the battery weight down, while maintaining a sensible range. We are currently looking at Motorhomes. There are some very unrealistic available payloads on 3.5T vehicles. As currently the weight of batteries would increase the base vehicle weight by 20 / 30%, some serious rethinking will be needed by the manufactures.

You could start with one of these Steve....

I may have a lot of debt, Kj, but it's wise debt which I look upon as a good investment because of the future savings it will bring me!

Well that is a first, I have never heard 'debt' being termed as wise No debt, zero balance, owing nothing is wise and future savings still possible.

It is wise in these circumstances because it means my seasonal pitch fees are all paid for a whole year and the new PCP debt for the Smart car will mean savings in fuel far in excess of the additional amount paid.

As a second vehicle purchased new I do not see them as a sensible financial purchase for many second vehicle replacements for those doing under 5k a year.

Or as a second hand purchase either, while batteries are costing £4,000 or so and a vehicle a few years old will need one quite soon. Approximately doubles the cost.

4.54 litres in a gallon.

To get an idea of likely duty per mile when Government  starts charging for road usage. At present - Assume 40mpg that is 8.8 miles per litre and a duty ((excluding VAT) of 58p per litre that is 6.7p per mile add electric to charge at 3p per mile. Total cost 9.7p per mile compared to car with 40 mph current fuel with tax is12.9p.

Suggests that in the future the savings for EV might reduce to 3.2p per mile. 

Are we discussing EV or a person debt.  shall I start another discussion.

Suggests that in the future the savings for EV might reduce to 3.2p per mile

It will be more if we charge up for free at the dealers or on a pitch.