From RSymons RSEV.

Hi, just a quick roundup as we finish February 2023.
A lot has been happening in the world of used Electric Car prices. Some models have seen huge drops in value. Painful if you are an owner, but as a buyer it means they are now far more affordable and the market has opened up to many more people.

Whilst sales have been struggling at the beginning of Feb, towards the end we have seen an increase in demand and I personally think we are starting to see the dust settle. Buyer confidence is returning and perhaps the market has now bottomed out.
NOW is the time to buy!

Over the coming months we will see the London ULEX congestion zone and regulations expanding to more people and already we are seeing clients who are buying EVs now in readiness. Otherwise it will cost £12 to give the kids a lift to school!

Demand for EV’s in february is +50% compared to Feb 2022 but supply is also much greater. I think we are seeing supply in the motor trade now starting to fall and therefor prices should remain stable…

In the meantime we have really been seeing the difference with our Solar production. We are now running 39% off grid and with the increasingly long daylight each day are seeing daily production levels exceed 60kwh. It continues to get better and I am simply loving the Solar system and Tesla Powerwalls. The cost savings are huge, especially as commercial electricity is costing us 90pence per kwh!!! Feb savings alone = £900.
The system cost £46,000 but the savings are now significant. It will pay for itself in no time, plus the building is now worth more anyway. win win and I love it.