Talk Morgan Forums Community Vehicle Talk (non-Morgan) Energy price rise.

With the hike in the price of energy (up to 50%) this must be a concern for the sales of elecrtic vehicles.
You would think that the Government would have stepped in to alleviate this if their green future plans were being taken seriously.

The price hike is, for EV owners, background noise.
To put energy in my Plus 8 sufficient for 250 miles costs north of £80.00
To put energy in my Tesla sufficient for 250 miles costs north of £8.00
So even if electricity doubles it goes from £8.00 to £16.00......the least of my worries!

Why is it everyone expects now the government to subsidise everyone? In reality last nigh they talked about softening the blow of their failed energy strategy with power on the never never via loans funded by the government. As Thatcher said there is no govt money it is the taxpayers.

The solution is surely to develop the UK energy supply as much as possible & fix those prices.

The real problem is that the government, which means the taxpayer in general, is loosing £48 of tax on the 250 miles the Tesla travels, not to mention other taxation subsidies on EVs. As always the burden falls on those who have lower incomes and can not afford to buy a new vehicle let alone a new BEV.
Sooner or later governments are going to have to find a formula, say a mileage (road use) tax, to replace fuel revenue. Say £0.15 per mile would seem fair to me

I predicted in one of my postings a while back that unless we worked with the current energy supplying countries who are highly dependant upon fossil fuels for their income streams, we would see spiralling energy costs as we transitioned from fossil fuels dependency ie their main economic earner. I suggested we should take a longer term view to continued use of fossil fuels to give those countries time to replace their revenues streams dependency on fossil fuels. .

Yes we should have a strategy, it should be a global strategy which recognises and puts in place mechanisms to readjust fossil fuel dependency both for supplying and consuming economies. For example Russian turning the gas tap on and off for Europe was totally predictable as its spirals revenue streams upward facilitating recovery from Covid. Covid created low demand and resultant much lower revenue income. Russia has done it to the Ukraine repeatedly during the winters over prices. The EU now has a 40% dependency on Russian gas, made worse eg by Germany switching off it nuclear power stations etc, France undertaking essential maintenance of its nuclear power stations at a much heightened energy price point adding to the shortages etc. all for good reasons but creating a perfect storm. This is not going away........welcome to the future.

Does it really make any difference whether taxpayers subsidise fossil fuels directly or indirectly thru increased cost of living awards for government benefits and pension payments.........to make up for the COL increases.

The situation may be far worse than you suggest, as to the cost to other consumers of electricity,. as a result of the additional input energy eg coal, gas to generate the increased demand for electricity for EV's. If renewable energy totally produces all our electricity then fine, but that's currently not the case and not only are we losing the fuel tax and VAT to the Exchequer on EV's miles, we may be consuming more input energy with resultant current price rises, as a result of increasing electricity demand to power EV's.

Last night paid the highest I can remember ever being charged for fuel in the UK and anywhere in Europe in over 53 years of driving. £1.70 for a litre of Esso Supreme (99 Octane) for my +8. That's 26% more than last summer.

Christ stephen where was that? I see now the donkeys in Downing St have decided to borrow £200 plus of my money (not everyone pays tax) to give me back some of it in October & then get me to pay it back. Is it just me or is this abit like a Ponzi scheme?

Whilst the UK has the highest savings ever accumulated during Covid,

However, for many people a major increase in the cost of living cannot be easily absorbed Almost 1 in 4 of the 45 to 55's year old's have less than £1000 in savings. 1 in 5 of the over 55's have less than £1000 in savings. Of the UK population 6.50% have absolutely no savings and 25.95% have less than £1,000 in savings.

There will be a £150 reduction on Council tax for rate bands A to D in April which is well targeted under the circumstances.

It would be preferable for a one off windfall tax on the profits of the energy companies, helped finance it, but that is still using taxpayer money to pay for all of this.

Agreed John targeting the worst off makes sense.Not sure that living in a council tax band below D implies you are cash poor or rich though.