Posted by Neil Hague - memes and headline comments by David Icke Posted on 8 May 2023

Carmageddon: the Electric Car Fiasco

If the Conservatives are hoping to get re-elected next year they may have to rethink their policy of banning the sale of new petrol- or diesel-powered cars by 2030. Electric cars are proving to be an unmitigated disaster. Indeed, scarcely a day passes without a story appearing in the Telegraph about just how terrible they are – and not just if you want to get from A to B.

For instance, we learnt last week that some electric cars are losing their value twice as quickly as petrol alternatives.

Drivers have been pushed towards electric cars by a string of government initiatives, which are intended to help the country become “net zero” by 2050. However, drivers going green risk losing thousands of pounds more than those who stick with petrol.

Some popular electric models have fallen in price at twice the rate of petrol cars. A driver who bought an electric BMW i3 in 2020 would have paid £39,000 and could sell the car for £13,900 today, a depreciation of 64%.

However, the petrol equivalent has maintained much more of its original value. A new petrol-powered BMW 3 series cost £32,000 on average three years ago but would sell for £22,360 now – a drop of just 30%.

Yesterday brought more bad news.

Read more: Carmageddon: the Electric Car Fiasco


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