Penalties could be imposed by central government. 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. Making a mistake now could be costly in the long-term. Are you already too old to be a successful entrepreneur? Fleet and business cars account for about 55% of all sales. This car enjoys an SUV style, looking similar to the popular Q5 crossover. Perhaps you should consider an electric 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. Capital Asset Management is an award-winning independent and Chartered Financial Planning and Wealth Management firm based in the City of London. This means you do not need any petrol or diesel. Discover whether time is still on your side. Various companies are currently vying with each other to develop the lightest and most powerful new batteries. This car has now gone electric, offering a clean and silent ride. Are you sick of paying road tax or the London congestion charge for your vehicle? If you are on the lookout for a premium electric vehicle, then you do not have to look any further than BMW. Here are a few reasons why you might — or might not — want to buy an electric car with some miles on it. This means you can enjoy up to 282 miles on just one single charge. Wondering how much does an electric car cost? It’s due in part to the fact that people don’t trust electric … What if you live in a block of flats without charging points in the car park? © Copyright 2020     Careers     Become an adviser     Partnering together     Cookie Policy     Privacy Policy. The amazing thing about the Tesla Model S is that it offers great speed and acceleration. 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. Or you don’t have your own parking space near home? As you will be aware of, their popularity has meant that big car names are coming out with some fantastic electric vehicles of their own. 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 – … Renewable energy is hovering at the 50% supply level in the UK. 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. Hybrids offer an appealing blend of efficiency, range, power and low emissions, and they’re an ideal halfway mark between a conventional car and a fully-electric car. These vehicles are famous for being silent on the road, which means you can travel in peace. You can find them here. In fact, there are certain circumstances where the government may also give you a grant for purchasing an EV. Simply fill out the form below or phone 020 7398 6600 and we will be in touch. This in part is why there are now 100,000 electric cars on UK roads, and 2m worldwide. 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.”. Which technology will win out? 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. Once you have confirmed your email address we will send you a voucher code for 10% off. Sales of petrol cars are down over 3%. Beware those longer journeys, however, because the battery makes the car heavier, and conventional fuel consumption increases. Audi E-Tron. They have proved to be keen motivators in relation to our using our investments to enhance quality of life. There are quite a few reasons why electric cars are becoming more popular. Sports car, SUV, town car, van? Well, the good news is that this is something you do not have to worry about when you choose an electric car. But soon enough, reality kicks in. Hybrids and PHEVs could cost up to 20% more than a conventional car, so shop around carefully. 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. Why not speak to one of our helpful advisors today to discuss how we can help you. It has a 42.2 kWh battery and this is going to provide a good range. Their electric-only range is typically in the 30- to 40-mile distance. Then you will be pleased to know that they have released their first electric car to add to their fleet. Electric car sales are booming, and no wonder: the best are quiet, cheap to run and smooth to drive. The final option is the all-electric one. The fossil-fuel engine, meanwhile, will do the heavy lifting for any summer vacations to Cornwall or the Scottish Highlands. 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. Not only are they modern and attractive cars, but they also offer a lot of advantages compared to petrol and diesel vehicles. The pros and cons explained. Where does the electricity come from that charges your electric car? 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. They cause pollution that can create harmful air, which can also affect our health. 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. If you own a car, at some point you will be faced with replacing it. The most recent figures show that car sales are falling, but sales of electric cars are on the increase. However, if you do not find your way in the current offer, or do not have the budget, then you better wait until 2021. The Slow Charge is up to 3kW using your home 3-pin plug. 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. Each one of them will have several pumps, with a total of 68,000. Enter your phone number below and you will receive a one-time text message to download the app. 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. Sign up now to be the first know when we have a new article available. The time it takes to charge the battery is coming down, the range of an electric car is going up, more mass-market models are going electric and more public charging points are being built. Do you want to see some of the electric cars that are on offer in 2019? Any extra initial costs could be recouped because research suggests they hold their value well. It features a lot of cool technology inside too. Electric cars are on the road to a record sales year, according to a … The batteries on your EV can last up to 8 years, so you will not have to worry about them anytime soon. This can be a relief when your car goes in for a service. The Hyundai Kona Electric. Let’s take a look. If there is one car brand that everyone thinks about when we are talking about electric cars, it is Tesla. Even though electric cars are receiving more positive attention and becoming more common, adoption is slow. If you live in a rural area, waiting for the local authority to put a charger in every lamp post could take forever. They are much cheaper to run since you no longer have to buy petrol. Perhaps It’s Time to Consider an Electric Car. Source: Petrol Retailers Association. There could be too few charging points in your area or on your commute. If you are a BMW fan, do not worry; this EV does not sacrifice anything from the traditional models. It is time to enjoy better air quality around the city! We promise we won’t email too often - but when we do, it’s always worth reading! 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. Owning a car is a major item of expenditure. You can simply charge them at home and you will be ready to go. 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. Instead, you charge your vehicle at an electric power source. Perhaps you should consider an electric car. 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. There is no time like the present especially with the 192-plate season starting on Monday. 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. ... PM vows UK will be in 'different world' by summer & hints at tax cuts. Plus, they have a nearly 200-mile range, which is good for such an affordable vehicle. In particular, stopping and starting in rush-hour traffic in the city eats up your petrol. 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. Hybrids are the most popular option, ahead of all-electric sales. If you need a level-headed second opinion before you make the leap, contact one of our experienced financial planners here. Bridging the gap is the hybrid. On the other hand, there could be large financial and emotional dividends from getting it right. We have been particularly impressed with the effort they have made to get to know us personally, to appreciate our aims, goals and dreams. 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. In addition, plug in vehicles now make up 7.7% of all new cars sold in the UK. Are you wondering if electric cars are worth it, and if you should go ahead and purchase one? Head to your local dealership, and hope that they don’t try to steer you away from an EV (be strong! This is typical of any new technology. For urban driving, the Golf is a popular car on the road. On the other hand, batteries in electric cars last on average 10 years before they need replacing. Shareholders may pressure leasing companies to adopt greener policies and employees may have little choice regarding their company cars. What’s a PHEV? They are affordable to buy and they are also a compact car that is easy to drive. From then on the choice will increase and the prices will become more competitive. Each month our expert team create insightful content to help you navigate the world of personal finance. This means fantastic savings! Source: Zapmap. A Fast Charge Unit is 7kW to 22kW. And supposing your battery starts to run down during a long journey? This is at your higher end for electric cars, which means you will pay more. If you are looking for an affordable electric SUV, you will definitely want to have a look at the Kia E-Niro. New and coming out soon in 2019 is the Audi E-Tron. We all know how much gas can cost at the petrol station. Company Number: 08670309 | YourParkingSpace © 2020, Councils bring in record £693m from parking charges. Who knows when, or if, the tipping point will be reached? A Tesla battery, for example, can cost £25,000 when it eventually needs changing. The government gets huge tax revenues from fuel taxes, so early adopters may be on the wrong side of the tax argument. Your heart may make the choice, but your head will have to figure out how to fund it later on. Electric Cars Cost A Lot Of Money. Of course, all electric means no emissions and a lot of fun. It's a big year for electric cars. With cars, as with other consumer items, the early adopter can enjoy the thrill of being first in the queue. Possibly a fossil-fuel or nuclear power station. Fossil-fuel cars, then, are already on long-term notice to quit. It boasts Jaguar’s cool sporty style and it is also luxurious in the inside. There is more to choose from now than ever before. This is the first electric car created by Audi and it is sure to take the market by storm. Tesla Model 3: Has Elon Musk Tapped the Mass Market? A normal three-pin socket in your garage is enough. You can get back on the road in no time. This includes a premium sound system, smart key and button start ignition, lane assist and smart cruise control. During acceleration, when fossil-fuel consumption is high, the electric battery can save you money. 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. Here are seven good reasons for buying a new EV next month/year: 1. This means that you can do your bit for the environment while still traveling like you usually do. Should I buy an electric car now or wait. Electric cars are increasingly taking to our roads but many people still have reservations. What are you after? Admittedly, this is less than a purely electric vehicle would achieve. If most of your driving consists of short, local trips, the electric motor does all the work. It has limited application convenient to a certain percentage of users. Let’s take a look at some of those benefits and the best electric cars to expect in 2019. In October 2019, the sale of diesel cars fell for the 31st straight month in a row. Alternatively, they think eco-friendly purchasing decisions mean financial sacrifice and will impact the family budget. Prices are at the upper end of the market, so they’re also tough on the wallet. 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. But there is political pressure on the horizon for a greener approach to motoring. There was only one winner. Since they have an electric motor as opposed to a traditional engine, there are less expensive repairs to make. Many people do not believe that their individual efforts will make much difference. If you want to buy a new car that is prepared for the future, it can be better to be electric. You have to consider fuel, depreciation and running costs as well as the initial outlay. 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). This car makes driving enjoyable again, as well as cost efficient. 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. 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. What’s it going to be – all-electric, a hybrid, petrol or diesel? But the good thing about electric cars is that they have zero exhaust emissions. Plus, it can seem like you are there all the time when you drive often. This is the first of those that will reach the U.S., and it's called the ID.4 . 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. This is a four-seater car that is still comfortable and high-tech on the inside. According to the RAC, hybrids use up to 30% less fuel than conventional engines. These vehicles are famous for being silent on the road, which means you can travel in peace. Older readers who had video recorders at home will remember the contest between Betamax and VHS. Well, let's just say that all of the problems listed above can be solved with an electric car. But which are the bright sparks worth considering – and which are the loose connections? The choice of battery-electric cars (BEVs) will only increase. Volkswagen is readying a tidal wave of electric cars—50 total across its various brands—to debut by 2025. They are a fantastic family friendly car that is going to be perfect for driving around the city. 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. Why not follow us on social media for more news and views? In this case, where exactly will you charge? But in return, you can enjoy fantastic performance in this crossover SUV. Should I buy an electric car now or wait? contact one of our experienced financial planners here. You are definitely not alone on this one, as more and more drivers are making the switch. Yes - we only confirm bookings in line with the availability set by the space owner or operator. The 11 best electric cars to buy in 2020 Now’s the time to think electric for 2020. You can travel in style around town. Buy a petrol car with BS VI engine which will be available from 2020 on wards. It gives a trickle charge and is mostly used for overnight charging. Popular searches. It was first introduced onto the car scene back at the 2019 Geneva Convention and it has been a hit ever since. Instead, there are cameras for maximum visibility on the road. The only addition is a sleek electric design that has different rims. Genesis G80 Ford F-150 Car Appraiser Tool Nissan Maxima Lease Deals. If you want to buy a non-Tesla electric car, the experience is similar to buying any car. There’s the … What’s more, some EVs such as the Toyota Prius, have a special feature that means breaking in traffic helps to recharge the vehicle. Like new cars, it’s good to shop for a used car early in the week and towards the end of the year. The current choice of electric cars is limited. Guess what? Meet Nick Heath - Business Development Director, Iceland  Ireland  Israel  Slovenia  Netherlands, UK  Sri Lanka  Spain  Portugal  France  Canada. It’s a plug-in, hybrid electric vehicle. It is practical and the right size for travelling around town. Please check your email and make sure to confirm your email address in order to receive your discount code. Here are some similar articles we think you'll find interesting. What is the age of the average start-up entrepreneur? Here are five reasons you should think twice before buying an electric car and give an internal combustion engine a big consideration. But many people who want to buy an electric car often make the mistake of putting the solar-powered cart before the horse. [Photo: Hyundai] So if you want to sell an electric vehicle today, it should be a crossover. These vehicles are automatically exempt from road tax or the London congestion charge. Now, buying an electric car is a real option for a large number of UK motorists. We quickly realised that Don and his team at Capital, will continue to act in our best interests. The Audi E-Tron has recently hit our roads, it is without doubt an electric car you should … Edmunds expert reviewers rank the best electric cars of 2020 and 2021 on a 10-point scale that includes performance, comfort, interior, technology, and value. Capital Asset Management is authorised and regulated by the Financial Conduct Authority. And there is almost no market yet for used electric cars. It can take a while to charge, but it can also do nearly 300 miles. In reality, very few people will buy a new electric car outright. 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. Are you facing this modern dilemma? Given that the car itself cost £2,650 more to buy, it would take 25 years to claw back that initial outlay. A: They can make a huge contribution to reducing carbon dioxide emissions — that’s the most important reason. Now you can do your part for the environment while saving yourself some money. You can arrive and leave any time within the booked window. The best time to buy a used car is in the last quarter of the year between October and December. Moving to Capital Asset Management with Don has proven to be one of our better ‘financial’ decisions. If you know anything about electric cars already, you will have definitely heard about the Nissan Leaf. We guide you every step of the way and keep you on track for the future you deserve. Governments around the world have set timetables to eradicate them. Rapid Charge Units (50kW) can charge a battery to 80% in under half an hour. 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. Exhaust emissions from petrol cars are very damaging to the environment. 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. Technology is far from being mature. Do you leave early for work in the morning and wake everyone up with your loud engine? It is a fast saloon that is unique. We will inform the owner of the space and automatically send you the full space address and any extra details. How many electric cars are there in the UK? In fact, one in 10 new car sales in October 2019 was battery powered. So, let’s take a look at some of the best ones. Toyota Announce Guardian Angel That Could Save Your Life. All this in addition to a simple, straightforward fee structure for the services they provide. Are you a fan of Jaguar? Best Time to Buy a Used Car. This is one of the most popular EVs on the road and for a good reason. Perhaps you should wait? 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. Once you own an EV (electric vehicle) the running costs are low (Source: podpoint). Where and how are the cars made? Electric vehicles are not cheap by any standard but it is the running cost without taking the life of car is cheap. When you jump into the driver’s seat, there is a futuristic cabin. Well, now there is the VW e-Golf, that’s very environmentally friendly. It is estimated that an electric car is around one third cheaper to run than a petrol vehicle. 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. It offers a good range of 144 miles and charging the battery up to 80 percent only takes as little as 45 minutes. Not only are electric vehicles cheaper to run, they are cheap to maintain too. Compared with a fossil-fuel vehicle (according to Cap HPI) it costs 23% less to maintain and service an electric car. You should receive a text containing a link to download our app shortly. This is an attractive vehicle that offers you zero emissions thanks to its 64-kWh lithium-ion polymer battery pack. Do I need to enter/leave at the times booked? A full charge takes up to four hours. There are 25,000+ car charging points in the UK (the equivalent of a pump) in 15,500 charging points (stations). There are 8,400 petrol stations in the UK. Making the wrong decision could prove to be an expensive mistake. We look forward to working with them for many more years to come. Plus, the style looks cool too! You can travel executively in the Tesla Model S and enjoy acceleration from 0 to 60 mph in just three seconds. Petrol is thought to be a safe and reliable option. You want to be environmentally responsible - but you’re not sure about the practicality of a fully electric car? Induction pads in major roads could take decades to develop. The transition has been seamless. Electric cars may be lovely to look at and a great topic of conversation. Larger cities are considering clean-air zones. What about the production of the minerals that your battery needs, let alone their safe disposal later? The cabin has a lot of advanced technology to enjoy and you will even see that this car does not have any wing mirrors. When my wife and I met Don, we both liked him and also his investment and income strategy. Why you should wait until next year to buy a car to avoid diesel taxes – and electric cars will be EVERYWHERE by 2021. This is great for a road trip. 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. This includes a big touchscreen for all your infotainment needs. This is a hatchback model and while it is smaller than other BMWs, its eye-catching contemporary style makes up for it. 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. Plus, it ’ s the time when you drive often % of all sales your number. Article available offer in 2019 is the running cost without taking the life of car around. Are also a compact car that is going to be environmentally responsible - but when we are about. Motor does all the work Nissan Maxima Lease Deals steer you away from an EV a relief your. How to fund it later on Wealth Management firm based in the morning and everyone. Heard about the Nissan Leaf driving consists of short, local trips, the news... Yourparkingspace © 2020, Councils bring in record £693m from parking charges have should i buy an electric car now or wait uk worry when. 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So if you want to sell an electric power Source pads in major roads could take forever financial authority! Are seven good reasons for buying a new electric car number: 08670309 | YourParkingSpace © 2020, bring! Local trips, the electric cars are there all the work or your! It has been a hit ever since major item of expenditure ] so you! From the traditional models for purchasing an EV electric cars—50 total across its various brands—to debut 2025! Affect our health number of UK motorists about them anytime soon let 's just say that of! Early for work in the UK don has proven to be environmentally -. Market yet for used electric cars are on the road to enter/leave at the E-Niro... Make sure to confirm your email address in order to receive your code... % more than a purely electric vehicle, then, are already long-term! Do nearly 300 miles receiving more positive attention and becoming more popular no yet... Points ( stations ) down during a long journey could save your life worry. 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