Petrol Head?

[bluebruce]

On 27/05/2025 at 16:15, only2garners said:

The Polestar's list price is a lot more than the MG5. Two years ago the MG5 was a shade under £31K and the Polestar that I'm ordering now is c£48K. But the monthly lease cost for the Polestar is less. It's £96 a month less, although the majority of that is because I am paying a bigger deposit than I did for the MG5.

I don't know but guess that lease costs in general have come down and there may be incentives for electric cars to encourage sales. Although I don't know how that works with a company like Polestar which only makes EVs - maybe there are cross costs with Volvo?

That deposit has to be carrying a lot of the weight there, surely. Lease costs might have come down too, I dunno, but that's a huge difference in vehicle value for you to be paying a smaller monthly. Either way I expect you'll really like your new car.

One thing Polestar and Volvo will do together is help Volvo avoid the fines for not producing enough EVs as a percent of their sales in the UK. Any petrol/diesel car sold above the allowance means a hefty fine, and companies who sell more than enough EVs can sell their credits to other companies to avoid those fines. Or in the case of Volvo and Polestar, probably just give them to Volvo. If Volvo are already selling enough EVs as a proportion (I've no idea if they are), then the credits can just be sold to other companies like Ford who probably aren't meeting the requirements.

Other countries have similar schemes.