The Genesis GV60 is a fancy electric SUV that looks stylish and has a lot of cool features inside. It's part of a new wave of electric cars that are meant to be both luxurious and environmentally friendly. People are discussing it because it's a new option for those wanting a high-end electric vehicle.
The Tesla Cybertruck is a unique-looking electric truck that doesn't look like traditional trucks. It's made to be tough and is designed to use electricity instead of gasoline, which is better for the environment. People are talking about it because it might soon be allowed to drive in Europe.
Horsepower is a way to measure how powerful a car's engine is. The Genesis GV60 Magma Edition has 650 horsepower, which means it can go very fast and perform well.
Dual motor all wheel drive means the car has two motors that power all four wheels. This helps the car grip the road better and improves its performance, especially in tricky conditions.
The Mercedes-Benz AMG GT is a super-fast sports car that looks really sleek and is built for speed. It's designed for people who love driving and want a car that feels powerful and luxurious. It's being talked about because it's one of the top cars in its class.
0 to 200 kph is how long it takes a car to go from a stop to 200 kilometers per hour, which is about 124 miles per hour. It's a way to see how fast a car can speed up.
Aerodynamics is about how air flows around things, like cars. Better aerodynamics means a car can move through the air more easily, which helps it go faster and use less fuel.
Active noise control is a system that helps make the inside of a car quieter by using special technology to block out outside sounds. It works by creating sounds that cancel out the noise from outside.
An 84 kilowatt hour battery pack is a large battery used in electric cars. It stores energy to power the car, and the bigger the battery, the further the car can typically drive on a single charge.
Driving range is how far an electric car can go on one full battery charge. It's important because it tells you how often you need to recharge the car when driving.
Car
Volvo EX60
The Volvo EX60 is a new electric SUV from Volvo that is designed to travel long distances on a single charge.
The Renault Twingo is a small car that's perfect for driving around the city. It's easy to park and great for people who want a simple, affordable vehicle. It's being discussed because it's a popular choice for those who need a compact car.
The Dacia Spring Electric Cargo is a small electric van made for businesses that need to transport goods. It's designed to be affordable and practical, helping companies save money while being eco-friendly. People are talking about it because it's a smart choice for businesses looking to go electric.
The Volkswagen ID. Buzz is a new electric van that looks like the old VW buses from the past. It's designed to be fun and practical, making it a great choice for families or anyone needing extra space. People are excited about it because it combines a classic look with modern electric technology.
Car
Volkswagen ID.1
The Volkswagen ID.1 is a new electric car that Volkswagen is planning to release. It's designed to be affordable and is part of their line of electric vehicles.
The Chevrolet C10 is an old-school pickup truck that many people love for its tough build and classic style. It was made a long time ago but is still popular today among collectors and fans of vintage cars. It's mentioned because a lot of these trucks are still being sold and appreciated.
The Leap Motor T3 is a new electric car that is being updated to be more appealing to buyers in Europe. It's part of the company's plan to compete better against other electric cars.
The Peugeot 408 is a car made by the French company Peugeot. They are now focusing on electric versions of this car instead of ones that run on gasoline.
A battery electric vehicle is a car that runs only on electricity and has no gas engine. It needs to be charged to drive and doesn't produce any exhaust fumes.
A mild hybrid is a car that uses both a gas engine and a small electric motor. The electric motor helps the gas engine work better, but it can't drive the car by itself.
Stellantis is a big car company that makes many different brands of cars, like Peugeot and Jeep. They are working on making cars that are more electric and environmentally friendly.
The EMP2 platform is a type of framework used to build cars. It helps make different kinds of cars, including electric ones, more easily and efficiently.
STLA platforms are new frameworks that Stellantis is using to build their cars. They help make different types of cars, like electric and gas ones, in a more efficient way.
Car
Peugeot E3008
The Peugeot E3008 is an electric car version of the Peugeot 3008 SUV. It is designed to be more efficient and environmentally friendly, using electricity instead of gasoline.
Car
Peugeot E5008
The Peugeot E5008 is an electric version of the Peugeot 5008 SUV, which is bigger than the E3008. It is designed to be eco-friendly and efficient, using electricity to run.
Car
Peugeot E408
The Peugeot E408 is an electric car that has a mix of sedan and SUV features. It's part of Peugeot's plan to make more electric cars.
The Mercedes-Benz GLB is a stylish SUV that has room for families and their stuff. It can even fit extra seats for more passengers if needed. It's being discussed because it's a great option for those wanting a luxury vehicle with plenty of space.
The Kia EV9 is a big electric SUV that's made for families, offering lots of space and modern features. It's part of Kia's move to make more electric cars, which are better for the environment. People are talking about it because it's a new option for those needing a family-friendly electric vehicle.
The Tesla Model Y is a type of electric car that can carry more people and has a lot of space inside. It's popular for families because it can fit more seats.
Car
Honda Super 1 EV
The Honda Super 1 EV is a new electric car from Honda that is based on a prototype they showed in 2025. It's designed to be small and efficient, reflecting the trend towards electric vehicles.
A certificate of entitlement is a special license you need to own a car in Singapore. It lasts for 10 years and can be very expensive because you have to bid for it.
MG is a car brand that started in Britain but is now owned by a Chinese company. They make affordable electric vehicles.
LIVE
The holidays are expensive.
You're paying for gifts, travel, decorations, food,
and before you know it, you've blown way past
what you were planning to spend.
Don't start the new year off with bad money vibes.
Download rocket money to stay on top of your finances.
The app pulls your income, expenses,
and upcoming charges into one place
so you can get the clearest picture of your money.
It shows how much to set aside for bills
and how much is safe to spend for the month
so you can spend with confidence.
No guesswork needed.
Get alerts before bills hit, track budgets,
and see every subscription you're paying for.
Rocket money also finds extra ways to save you money
by cancelling subscriptions you're not using
and negotiating lower bills for you.
On average, rocket money users can save up to $740 a year
when using all of the app's premium features.
Start the year off right by taking control of your finances.
Go to rocketmoney.com slash cancel to get started.
That's rocketmoney.com slash cancel.
Rocketmoney.com slash cancel.
Unused subscriptions were quietly draining my account.
And as a result, my savings took a backseat.
But rocket money doesn't just tell you
what you're wasting money on.
It takes action to save you money.
First, the app looks at your income and monthly expenses
and calculates how much you can safely spend each day
to stay under budget.
Rocket money also finds and cancels
unwanted subscriptions for you
and even negotiates better rates on your bills
so you have more money in your pocket.
On average, rocket money members can save up to $740 a year
when using all the app's premium features.
Users love the app with over 186,000 five-star ratings.
It's time to simplify your finances
and take control of your money.
Go to rocketmoney.com slash cancel to get started.
That's rocketmoney.com slash cancel.
Rocketmoney.com slash cancel.
Bag huge savings on your painting project seminars.
From your kitchen and bath to doors and trim
and even your ceilings.
Dutch Boy has the perfect choice for your painting projects.
Dutch Boy's Durafighter is a tough paint and primer
that provides great scrub resistance and durability.
Durafighter interior paint starts at $27.75 a gallon.
Get an additional 15% savings in all Dutch Boy paints
when you put it in the bag.
See store for complete details.
Say big money at the night.
Welcome back to the podcast.
Today, the Genesis GV60 Magma Leap Motor
reworks the T03 and Scodder launches the seven seat peak.
Plus, stay tuned.
Later in the show, I'll tell you about the political U-turn
which could light the fuse on EV adoption.
On EV News China today,
we're talking about the EU tariff workarounds.
NEV sales are surging again in December
and semi solid state batteries just entered mass production.
No bonus show today,
but check out recent specials in your feed.
They are the extended discussions and deep dives
that I sometimes do.
I've been looking at whether the Cybertruck
could be homologated for Europe sometime this year.
I've been running the numbers on the new Keer EV2.
By the way, it's really good.
It's really good.
And asking why some countries are more successful
than others at encouraging EV adoption.
I've called that episode the carrot or the stick.
You can have a look at any of those bonus shows
in your feed right now,
either the Patreon feed or the free feed.
Thank you for checking them out.
Feedback always appreciated.
Let's get into the news.
Genesis has launched the GV60 Magma Edition.
Its first electric sports car in South Korea.
They launched it earlier today.
It's the firm's most powerful EV yet 650 horsepower.
That is 478 kilowatts of power in boost mode
from a dual motor all wheel drive set up.
The car matters less for its straight line pace
than they say for what it signals.
The GV60 Magma debuts the Magma sub brand,
the new high performance pitch.
As Genesis's answer to the Mercedes-Benz AMGs
of the world or the BMWMs in a crowded premium market,
rolling out a performance label,
may well help the Koreans push further
into German territory.
Now on paper, the numbers are good.
The GV60 Magma is 0 to 124 miles an hour.
You thought I was gonna say 60, didn't you?
0 to 200 kph, that's 124 miles an hour, in 10.9 seconds.
It reaches a top speed of 164 miles an hour
or 264 kilometers an hour.
A wider track and a lower stance is a reworking,
a re-engineering, much like they did with the Ionic 5N.
It's not just a badge, this is re-engineering.
It's five centimeters, it's 50 millimeters wider,
and it's two centimeters lower than the standard GV60.
It aims to improve stability and aerodynamics,
stroke-sensitive control, suspension,
sound absorbing materials, active noise control,
all working to keep the silent cabin calm,
even when driven hard.
The car rides on the fourth generation
of their 84 kilowatt hour battery pack
for a claimed driving range of up to 215 miles
or 346 kilometers.
That figure won't be troubling any of the long range rivals
that are arriving on the market in 2025,
the likes of Volvo EX60 at 505 miles
or BMW X3 at 500 miles.
But the point of this vehicle wasn't
to be a continent crossing range monster.
Genesis leaned on design and refinement,
the magma orange exterior, the extra trim,
the interior choices, like the contrasting stitches,
all about the experience and the drama
of a high performance car.
Pricing shows the intent to sit
within the premium players as well,
rather than do something on the cheap and undercut them.
In South Korea, GV60 magma starts
at about 65,000 US dollars equivalent.
Global launches will be in the US and Europe
coming later this year,
with American pricing around 75,000 US dollars
based on the starting price
of the Genesis GV60 Performance.
If buyers accept Genesis as a new performance brand,
as well as the luxury one, magma,
could well spread far beyond its rather short range.
Okay, Leap Motor is gonna rework the T3,
the little T03 for Europe already.
Leap Motor's cheapest European model
is already being revised.
The Chinese firm is planning a second generation
of the city car, the A-segment vehicle
that sits right up against the Renault Twingo,
the Dacia Spring.
And Dacia are gonna launch
their own little version of the Twingo as well,
so Dacia can have two cheap cars here.
Volkswagen's ID one and more as well.
The first T3 arrived in 2024
and it showed at least, if nothing else, the opportunity,
but also the limits of cut price Chinese EVs.
The compact car sells, I think officially,
I've not checked, it's like 15,995, 16,000 pounds,
but there's always monthly offers,
there's always pre-reg cars,
and by the time you get one that's six or nine months old
that's on a low mileage, nearly new.
You're effectively getting a car that's basically new,
that's got pretty decent technology.
It's actually a step up from the Dacia Spring
in terms of the battery and it's proper car-like,
and yet you can get a 10 or 11 grand car these days
that's nearly new.
It's the least expensive,
one of the least expensive models on sale right now.
The market response has not been overwhelming though.
They sold a couple of thousand of them in the UK,
far behind Leap Motors' big SUV.
That's over 30,000 pounds.
The C10, they've sold over 5,000 of those here.
At the same time, a wave of new city cars have arrived,
engineered from the outset for European tastes,
and so they're gonna rework the T3.
These new models are expected to match the T3 on price,
but have more performance and more quality.
The chief exec of Leap Motor internationally
is Tian Xu Xin, arguing that the T3
is still fitting Europe's needs,
not least because the car makers have cut a segment output
because the margins are too thin.
The car has found a role as a household runabout.
The second vehicle for commuting school runs
and grocery shopping where you'd haven't got to worry about,
is my car gonna fit in the tight car parking spaces
that we have here?
Leap Motor's now racing to toughen its position
before the new competition lands, the next generation T3.
They say it will be substantially redesigned
with better cabin and software,
with the firm set on tailoring the car for European buyers.
Leap Motor's bet is that a reboot of the car
after just two years fits the city EV crowd,
but if rivals arrive at 16,000 pounds
with more performance, more polish,
even a badge that people know,
it could be out of date already by its second birthday.
Now Peugeot are dropping the combustion version
of the 408 and adding EV range.
Peugeot's overhauled the E408.
Again, just over a year after its launch,
dropping the pure combustion version,
but that's no surprise,
a lot of car makers these days are doing that.
They've settled on the 408
being a pure battery electric vehicle, a plug-in hybrid.
There is a mild hybrid version as well,
so there is still some combustion in the lineup.
The facelift keeps the Stellantis old EMP2 platform.
They haven't rolled it into one of the new STLA platforms,
like the E3008 or the E5008,
but Peugeot's reworked the E408.
A new front axle motor is 157 kilowatts,
bringing performance in line
with those other STLA platformed cars.
The battery's slightly bigger.
It's a 58.2 kilowatt hour NMC pack,
456 kilometers up from 453.
Charging stays modest by current standards.
11 kilowatt AC is standard and 120 kilowatt DC.
Software does more of the heavy lifting.
Navigation linked route planner now ties
into battery preconditioning functions.
In GT trim, the car preconditions automatically.
When you navigate to a charger,
an 80% charge limit command
aims to slow battery aging as well,
so all the good kind of EV stuff.
It's been around a long time now
that should be at every EV
as the absolute baseline in 2026.
Plug-in charge is due in summer
and that will handle authentication.
What did I say?
Authentication, compatible stations.
The update finally adds vehicle to load.
Owners can draw 3.5 kilowatts
to power external devices,
but you have to get an adapter from the dealer.
For some buyers, this may offset
some of the DC performance,
which is a little bit middling.
If you're not doing road trips though,
then why not?
The boot space is still 471 liters,
1,550 liters when the race seats are down.
The E408, I think it's quite good looking vehicle, actually.
There's a new grille, new bumper, new headlight layout
to bring it bang up to date on the new styling.
Plus the branding is illuminated now
and higher trims add some nice Alcantara and Napa leather.
Production stays at the Mollhouse facility.
Pricing starts at 46,000 euros in Europe.
Hey, it's a new car from Scotta
that we can start talking about now.
Scotta has named its new seven-seater.
It's called the Peak PEA Q.
You won't be surprised to hear
because obviously all of their EVs have Q in,
like any Ack and Epic, this is Peak.
The firm, and actually by the way,
I saw a lot of pull, a pushback on the name, PEA Q, Peak.
Have you got nothing better to do, car journalists,
than criticize the name?
Go and talk about the car and drive it
and give us driving impressions.
Don't just sit and lazily say it's a terrible, terrible name.
Who cares what it's called?
They will unveil it this summer
as a production-ready version of the Vision 7S concept
we saw a couple of years ago.
The Peak sits at the top of Scotta's range
as the electric counterpart to the Kodiak.
It joins a small but growing class of seven-eight seat EVs.
Lots of families want seven seats,
even two occasional seats at the back,
like the Persho E5008 and the Mercedes-Benz GLB.
But of course it's Scotta, so it will be value-oriented.
Great for families though.
They design their cars so well
with so many neat little added extra functions
and things like that.
It feels like the car's been designed when you get a Scotta.
I really like it.
Stays on Volkswagen's platform, the MEB platform
that you find under all their cars,
at least their mainstream cars, at least.
The design will look like that concept,
pointing to a focus on space, practicality.
Scotta's sales and marketing head over here
says that both of those things are central to the car.
Price will obviously do much of the work.
Scotta says the Peak will be its most expensive model,
sitting above the ENIAC.
That starts at £40,000,
but obviously it's gonna be cheaper than other sevens eaters
like the Kia EV9, Hyundai's Ionic 9, Volvo EX90.
They're in a whole different league.
Scotta insists the company will keep its value
for money pitch.
Scotta's not given a precise details or date
for when it goes on sale,
but it'll reach showrooms by the end of the year.
How many buyers do pay for an expensive Scotta,
even with seven seats remains to be seen,
but we hope that is very successful.
Now in the US, Tesla is adding a seven seat version
of the Model Y, but not the one it wanted.
Not the one Americans were calling out for.
Tesla has slipped a new seven seat option
into the Model Y lineup in America.
The extra row is $2,500 as an option,
available only on the Model Y Premium all wheel drive,
uses a fold, flat, second and third row seat,
aimed at more space for families
than those that want occasional third row.
The move matters more for what it's not, though.
This is not the Model Y L.
Come on, Tesla, you're making it in Shanghai already.
You need to prop up your sales in North America.
Why not just bring that car?
It would be so popular.
A genuine three row car, a longer wheelbase,
a true three row SUV.
It's on sale in China.
You got the drawings.
Do you know what I mean?
Like, you know how to make one.
It's drawn strong demand in China.
For now, Tesla still say there's no plans
to bring it outside of China, which is a real shame.
So for now, Tesla has tinkered with the lineup
and added those little fold, flat rear seats,
which are fine.
They are genuinely fine for people without legs.
Tesla is also tinkering in the range.
The Model Y Premium and Performance trims
now get the all black headliner
and the largest 16 inch center touchscreen,
which is, I think, a shame for anyone
who's literally just bought one
because, look, it's all subjective
and does it really matter.
But that dark headliner,
which fans have been calling out for a really long time,
genuinely looks so, so much better.
And so I'm sure there'll be aftermarket solutions
if you've just bought a Model Y
and now you want the updated version.
You can probably retrofit it yourself,
but it does look way better.
Outside all the trims have the new standard
matte black badging.
Buyers can also add the new dark gray,
20 inch Helix wheels for two grand.
Again, my favorites, but every version in the range
is kind of being updated in America.
The Model Y standard hasn't, though.
It's not sitting outside of that update round
and largely unchanged.
We'll take a quick break when we come back.
We'll talk about Honda on the podcast
and how China's EV makers are doing very well in the UK.
I'll tell you why. Stick around.
I didn't even realize I was wasting $415 a month
until I downloaded Rocket Money.
I thought I had my finances under control
until the app laid out all my spending
and categorized it for me.
Takeout, shopping, and unused subscriptions
were quietly draining my account.
And as a result, my savings took a backseat.
But Rocket Money doesn't just tell you
what you're wasting money on.
It takes action to save you money.
First, the app looks at your income and monthly expenses
and calculates how much you can safely spend each day
to stay on your budget.
Rocket Money also finds and cancels
unwanted subscriptions for you
and even negotiates better rates on your bills
so you have more money in your pocket.
On average, Rocket Money members can save up to $740 a year
when using all the app's premium features.
Users love the app with over 186,000 five-star ratings.
It's time to simplify your finances
and take control of your money.
Go to rocketmoney.com slash cancel to get started.
That's rocketmoney.com slash cancel.
Rocketmoney.com slash cancel.
OK, let's move on and talk about tiny car at a huge price.
So this will blow you away.
Honda's new Super 1 EV takes the Super 1 prototype
from 2025 and takes it from the Motor Show stand
to the streets, turning a compact concept
into the new production K-style city car.
This thing is cute as a button,
closely related to Japan's N1E from Honda.
It's only 3.5 meters long, 1.57 meters wide,
1.6 meters tall on a 2.5-meter wheelbase.
A tiny, little, cute city car.
But when you see this, you think,
ah, this looks cool.
It's got some sort of flared wheel arches.
It's a five-door, so you know, it's a proper car
and it's got the little round headlights.
Remember the Honda E EV that sadly got discontinued?
So cute.
70 kilowatt front motor, 162 Newton meters of torque
with normal city, sports, econ and boost mode.
The car uses front disc and rear drum brakes,
has a 5.2-meter turning radius,
charges on CCS2 in 30 minutes.
Honda hasn't confirmed the battery size,
but it's probably the same as the Honda N1E from Japan.
That's 29.6 kilowatt hours
and it supports six kilowatt AC charging.
Outside, it's got those really cute LED headlamps,
15-inch eight-spoke alloys.
They're just like proper little dinky alloys
sitting on Yokohama tires
and inside a nine-inch touchscreen
has Apple CarPlay, Android Auto,
climate control, regen paddles.
Safety kit includes adaptive cruise control,
collision mitigation, lane keep,
assist road departure mitigation at airbags as well.
The single trim is on offer now in Singapore
and it's at 187.999.
Let me do the conversion to US dollars.
That's about 146,000 US dollars.
I haven't lost my mind and I haven't made a mistake.
In Singapore, 146,000 US dollars equivalent
for one of these cute little city K cars
they sell in China for like eight grand or 10 grand.
What?
Well, that headline figure includes
the country's certificate of entitlement.
Very hefty registration taxes as well.
Even small city cars in Singapore
are priced at luxury car money.
Car ownership in Singapore is very different
to everywhere else in the rest of the world.
Every car must have a certificate of entitlement.
That's a 10-year license
that allows the vehicle to be on the road.
Buyers bid for a very limited quota
of these twice a month.
So the COE alone costs hundreds of thousands,
in some cases.
In practice, it means private car ownership
is very rare, very restricted to high-income households,
which there are in Singapore,
while everyone else uses the excellent public transport,
taxis and ride-hailing.
But if you ever fancied spending Rolls-Royce money,
used Rolls-Royce, admittedly, not new,
but certainly Mercedes-S-Class money on a city car,
a little K car, nonetheless.
There you go, move to Singapore
and you can go blow all your cash on one of those.
Now, China's EV makers are grabbing a fifth
of the UK market last month in December.
Chinese brands took 20% of new car registrations a year earlier.
That was at half of it, 10%.
By December 2025, it reached 18.2%,
a shift that now shapes the market,
rather than nibbling away at the edges.
This matters because the change comes
with little pushback from the incumbents
or even from Westminster.
It also exposes a split within the European Union,
which has moved to shield its industry with extra tariffs.
We didn't follow those rules of the extra tariffs.
The result is a live test, if you like.
We are an ongoing experiment
to see how far the open market speeds up adoption
of cheap, very affordable EVs
from brands you've never heard of.
The winners are clear, MG is a brand
most people think is still British,
even though it's over a decade
into being owned by the Chinese.
That was second overall in our car market in December
behind Volkswagen.
Cherry was in seventh place.
They only arrived a year ago properly.
BYD and other Chinese firms are climbing too.
The response from European makers looks oddly muted, though.
In the 1970s, if you remember,
the Japanese entrance arrived.
There was loud political and industrial resistance.
Today, hesitation.
The head of the lobby organization here
for the car industry, Mike Hawes,
notes that any formal probe into dumping or subsidies
would demand public collective commitment
from big car makers.
And they show little wish to lead the charge
against the Chinese.
For now, Chinese brands are filling a gap.
Very affordable EVs.
They prop up the overall volumes,
giving buyers more choice.
Yet the speed of their rise raises an interesting prospect.
If the current trends hold,
some longstanding car makers may not keep their place
in Britain's automotive landscape,
but they've had for a very long time
and have got quite used to.
That reckoning will come long before
the Chinese market share reaches even higher.
Now, let's talk a little bit what's happening in Prague,
setting deadlines for electric taxis.
Prague plans to force its taxis and ride hailing cars
to go electric from August 1st, 2027.
All vehicles in the sector will have to meet
Euro 6D emission standards.
Then by 2030, they'll have to be electric only.
City officials call the move a measured ratchet.
Not a shock.
It's a soft landing for the industry.
The rules are tightening in stages,
giving firms time to get EVs into their fleets.
The sector has grown fast and then aged really badly.
The number of licensed taxi vehicles in Prague
jumped from 3,000 about 10 years ago to 16,000 now.
Once ride hailing platforms arrived.
Yet the average taxi is more than 10 years old
and a rising share meet only Euro 4 standards.
The deputy mayor argues that a service so central
to urban transport and mobility needs to lower pollution.
Usage patterns are strengthening the case, though.
Taxis in Prague typically drive 300 kilometres a day.
Ride hailing cars often exceed that.
Cleaning up a high mileage fleet
gives you really quick gains in terms of CO2 emission.
Infrastructure, though, is the risk.
By 2030, Prague has to plan at least four to 5,000
standard charging points and 200 ultra-fast stations
in partnership with private investors
and taxi firms as well.
And what about this story from the UK?
This could be an example of politicians doing a U-turn
for the public good.
Public charging for electric vehicles in Britain
may soon carry the same tax rate
as when I plug in at home.
It's VAT, value-added tax.
Ministers are said to now be seriously considering
a cut in VAT on public charging.
Go charge your EV down the road from me
using exactly the same electricity just on a public charger.
And they have to add 20% VAT to the bill.
It's not optional.
They have to charge it and I have to pay it.
If I plug in at home, I pay 5%.
And that is simply unfair.
I've been banging this drum for years now.
It's unfair to people who don't have driveways,
people who might be living in flats or apartments.
It's not fair that I get a sweeter deal
just because I've got a driveway.
It brings it in line with domestic electricity.
Oh, by the way, we pay 5% VAT in all, leaky.
So if I make a cup of tea or put the heating on.
So the move is part of a wider attempt
to sort out what has been a really bodged EV plan
this year by our government.
I voted for this lot last year.
I was sick of the last lot.
I voted Labour last time.
I've been desperately unhappy with what they've done
in terms of transport.
There's a lot of other things that people are unhappy with
and I'm not so critical on those issues.
But in terms of how they have a consistent
coherent policy about transport,
it's non-existent at the moment
in terms of electric vehicles.
They've said that we've got to go EV,
sticking to 2030 as an ambitious target.
And then a few weeks ago,
bringing in a paper mile tax on electric vehicles,
which of course, as you know,
resulted in loads of scary headlines
about you're gonna have to pay X-many pence
to drive your electric car.
And that's only gonna go up and up and up
and up and up over the years.
Once the government get their hands on your mileage records,
they're just gonna increase it every single year
and sting you for more money for every mile that you drive.
Now, it is an equitable system
as long as everyone pays to drive on the roads
and big SUVs, pay more money than small lightweight vehicles.
Like that should be factored in as well,
but it wasn't because big, heavy vehicles do more damage.
And so that's coming in April the 1st, 2028.
Officials expect the tax,
the government's own figures said it would stop
440,000 EV sales in the UK.
Absolutely crazy, but they want the money and the revenue.
Ministers also claim that they still want to go electric.
So the price gap is really stark
in terms of public charging at about 54 pence per kilowatt hour.
I pay eight pence at home, simply unfair.
And you could argue that people who don't have driveways
might have less money, but I don't know, I live in a house
and I'm just down the road from the beach in pool
where all the blocks of flats are down along the beach side
in sandbanks and stuff.
Like they're 3, 4, 5 million for an apartment.
So, you know, the argument, oh, if you live in a flat,
you know, and you can't charge at home or whatever,
that you might be slightly less well off.
That doesn't apply to where I live, by the way,
like us a lot live in houses and the nice ones
look over the water, but I get that argument as well.
It's simply not fair that if you have to public charge
you pay so much more money,
now the government are looking at reversing that
and taking VAT down to 5% for public charging.
That has been called for for years.
Industry voices welcome it, Matt Galvin,
who is the poll star chief in the UK,
calls it a big step for drivers without home charging.
But they want more, urging the government to scrap
the congestion charges that have recently been introduced
for EVs, the electric car grant has been really botched
as well.
Pricing is only part of the problem.
Modelled government messaging don't know
which way we're going on EV policy.
It's just really messed up the last 12 to 18 months.
I've done a whole bonus podcast about this recently
called the carrot and the stick.
Feel free to check it out.
If you're sick of me talking about it,
then definitely don't listen to that podcast.
But if you want to see how different countries around
the world have incentivized going EV,
the ones that have worked and not worked
and the various policies, then it's in your feed right now.
If ever you take the dog for a walk or something
and want to have a listen to something
that your podcast for today, thanks to our premium partners,
National Car Charging on the US Mainland
and the Loja Charge in Hawaii and Test EV,
Avalu's trusted partner for independent EV battery health
testing in Australia and New Zealand.
Have a good and cinema and remember,
there's no such thing as a self charging hybrid.
Five years ago, I was paying $65 a month for my subscriptions.
Today, those same subscriptions cost $111
and I don't even use half of them anymore.
That's why now I use RocketMoney
to manage my subscriptions for me.
The app gives you a list of all your subscriptions
and reminds you of upcoming payments
so you're not hit with any surprise charges.
On top of that, it also sends you alerts
when subscription prices go up
so you always know the price you're paying.
If you decide you no longer want a subscription,
you can cancel it right from the app.
No customer service needed.
And the best part is RocketMoney even reaches out
and tries to get you refunded for some of the money you lost.
On average, people that cancel their subscriptions
with RocketMoney save $378 a year.
And overall, RocketMoney has saved its members
$880 million in canceled subscriptions.
Stop wasting money on things you don't use.
Go to rocketmoney.com slash cancel to get started.
That's rocketmoney.com slash cancel.
Rocketmoney.com slash cancel.
About this episode
Genesis has unveiled the GV60 Magma Edition, a powerful electric sports car aimed at competing with luxury brands like Mercedes and BMW. Leap Motor is reworking its T03 model for the European market, while Peugeot has transitioned the E408 to a fully electric lineup. Skoda introduces the seven-seater Peak PEAQ, designed for family practicality. The episode also discusses the growing presence of Chinese EV makers in the UK market and potential changes to public charging VAT in Britain, highlighting the evolving landscape of electric vehicles.