Little Book of EV Myths

FairCharge have created "The Little Book Of EV Myths" that dispels 21 of the most incorrect EV misunderstandings!!!

We have summarised the full booklet below but to read the full booklet please visit:

https://www.faircharge.co.uk/little-book-of-ev-myths

EVs are more expensive than combustion cars

The price difference has narrowed considerably in recent years and continues to as technology grows.

EV batteries don’t last

There is no data to prove this, and industry experts now widely accept that EV batteries will outlast the chassis of the car.

EVs regularly catch fire

UK fire service records from 2022 to 2023 show that only 0.24% of vehicle fires were EV fires.

EVs pollute more than ICE cars

The full life cycle CO2 emissions of an EV are around three times lower than an average petrol car.

EVs shift emissions from roads to power stations

EVs are roughly four times more energy efficient than combustion cars, therefore reducing emissions even when being charged from fossil fuel heavy grids.

Hydrogen will displace EVs

There are many barriers to overcome for widespread hydrogen use, such as a high pressure, low temperature infrastructure, five times more energy to produce than electricity, logistical and storage challenges, and a pump cost that would be significantly more than petrol or diesel. The lifecycle emissions from a hydrogen car would also be 60% to 70% higher than that of an EV.

EVs cost more to maintain

There are around 20 moving parts in an EV compared to more than 2,000 in a combustion car. With no spark plugs, oil, timing belts or chains, exhausts, particulate filters, or clutches, there are less components that need maintenance or replacements.

EVs have short ranges

Research from Cap hpi shows that EVs are now covering similar annual mileages as combustion cars, with only 743 miles between them; 8292 for EVs and 9035 for petrol and diesel cars.

There aren’t enough critical minerals in the world for EV batteries

The Energy Transitions Commission estimate that by 2040 over 50% of lithium used in batteries could come from recycling. As new materials like silicone are used instead of graphite, the need for critical or rare earth minerals will reduce dramatically.

EVs lose much more range than petrol cars in winter

The latest generation of EVs now have heat pumps to reduce low temperature range loss but even combustion cars will lose 15% fuel efficiency in low temperatures.

The mining of materials for EV batteries is very bad for the environment

The Energy Transition Commission’s latest report states that the cumulative global emissions of CO2 and other greenhouse gases from battery mining and the production of solar panels and wind turbines

over the next 30 years will add up to between 15 and 35 gigatonnes of CO2, compared to the 40 gigatonnes of CO2 from global fossil fuel energy extraction that’s emitted every year.

Charging an EV from the UK grid where the electricity is created by burning gas makes no sense

The majority of EVs in the UK are charged by electricity generated by renewable sources such as wind, solar, biomass, hydro, and nuclear.

Taking away the right to drive a diesel is a loss of freedom

You can still drive and buy used combustion vehicles after 2035.

EV batteries run out of power and break down

EVs have significantly fewer breakdowns than combustion cars. In 2023, of all breakdowns the AA responded to only 2.86% of their entire breakdown call outs related to EV vehicles.

The car in the Luton car park fire was an EV

The vehicle that started the airport car park fire was a diesel engine 2014 Range Rover Sport as confirmed by the local fire authority.

The choice of new EV models is very poor

Five years ago, there may not have been many models to choose from but there are now close to 100 for sale on the UK market and choice will only improve as the ZEV mandate pushes car manufacturers to sell more EVs.

EV tyres cause high levels of particulate pollution

All vehicle tyres wear and leave nanoparticles of rubber in the atmosphere and rubber particulates on road surfaces. The average tyre wear on an EV is no different to that of a combustion car.

The electricity grid won’t cope

The National Grid states that if the UK switched to EVs overnight demand would only increase by 10%. EVs could also support the grid by storing energy and giving it back when demand is high.

‘Heavy’ EVs will collapse multi-storey car parks and bridges

There is no scientific evidence to support this theory. In fact, one 44 tonne articulated lorry is the equivalent of around 22 EVs.

Old EV batteries will be an environmental hazard

EV batteries are highly recyclable and 95% of the minerals can be extracted to be used again by car manufacturers. EV batteries are also lasting longer than anybody expected.

Synthetic fuels make more sense than EVs

Synthetic fuels are three times more expensive than conventional fossil fuels and need as much as five times the electricity to produce compared to the amount used for EVs. To fill a 75-litre tank, it could cost up to £200.

EV sales have slumped

Sales of second-hand EVs have almost doubled in January 2024. With the prices of second-hand EVs dropping and rising prices at the fuel pumps, EVs have become more popular among consumers.

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The Just Partnership T/A Just Motor Group is an Appointed Representative of Automotive Compliance Ltd who is authorised and regulated by the Financial Conduct Authority (FCA No. 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows The Just Partnership T/A Just Motor Group to act as a credit broker, not a lender, for the introduction to a limited number of lenders, and to act as an agent on behalf of the insurer for insurance distribution activities only. We are a credit broker and not a lender. We can introduce you to a carefully selected panel of lenders, which includes manufacturer lenders linked directly to the franchises that we represent. We act on behalf of the lender for this introduction and not as your agent. We are not impartial, and we are not an independent financial advisor.

 

Our approach is to introduce you first to the manufacturer lender linked directly to the particular franchise you are purchasing your vehicle from, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to make the next most suitable offer of finance for you. Our aim is to secure a suitable finance agreement for you that enables you to achieve your financial objectives. If you purchase a vehicle, in the majority of cases, we will receive a commission from your lender for introducing you to them which is either a fixed fee, or a fixed percentage of the amount that you borrow. This may be linked to the vehicle model you purchase.

 

Different lenders pay different commissions for such introductions, and manufacturer lenders linked directly to the franchises that we represent may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement; however, you will be contributing towards the commission paid to us with the interest collected on your repayments. Before we propose you to a potential lender, we will inform you of the likely amount of commission we will receive and seek your consent to receive this commission. The exact amount of commission that we will receive will be confirmed prior to you signing your finance agreement. All finance applications are subject to status, terms and conditions apply, UK residents only, 18s or over. Guarantees may be required.

 

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