ContractHireAndLeasing.com
The Number 1 Contract Hire And Car Leasing Website
Choose Deal Type:
Business
Personal
Choose Dealer Type:
  • Main Dealers
  • Contract Hire and Leasing Brokers

CAP sets residual value criteria for electric cars

Written By Alison Bell Published On: Mar 19 2010
Advertisement

Electric vehicles must meet certain criteria in order for future trade value forecasts to be set and try and combat 'dinosaur thinking', motoring data firm CAP has said.The announcement comes as part of a major review of the EV sector launched last month by CAP. It is designed to pool all the knowledge necessary to help potential owners and operators make informed business decisions about their future risk position in this emerging field.CAP launched the review when it became clear that without a definitive pool of information it would not be possible to provide reliable residual value forecasts.In order to qualify for the residual value forecast process an Electric Vehicle must have European Type Approval and the battery must be owned as part of the car, not leased separately.This follows debate at CAP around the possibility of car and battery being treated as separate entities, such as under dual ownership arrangements with the car owned but the battery leased. In such cases CAP believes it would be impossible to attribute any residual value to a vehicle which could in theory lack the means to operate.Work is ongoing to identify the full range of criteria which will impact on the residual value forecast itself. These include:•  Vehicle range•  Charging method•  Maximum speed•  Electrical ampage•  Warranty arrangementsCAP believes the emerging electrical vehicle sector requires a new way of thinking compared with conventional cars and commercial vehicles.Mark Norman, of CAP’s EV Review Group said: “It is tempting to assess Electric Vehicles in the same light as those with conventional engines. Many people in our industry are therefore already writing them off as inferior in terms of convenience and everyday usability for the whole range of purposes for which we currently use road vehicles.“That kind of dinosaur thinking is short-sighted because it fails to recognise the potential for social, political, taxation and business change which may well bring new ways of using road transport. Therefore one of the major challenges in this field is that you are not only trying to forecast vehicle residual values but forecast changes in society too.”CAP Manufacturer Relationship Manager, Martin Ward, who leads the CAP EVRG, is liaising closely in the UK with Electric Vehicle manufacturers and the SMMT (Society of Motor Manufacturers and Traders) and funding providers. Experience and opinion is also being gathered from across Europe in order to build the clearest possible picture of the issues surrounding this burgeoning new sector.

Ferrari World set to open in A ...Manufacturer preview day added ...

No Comments Yet

Leave a comment

Comments RSS Feed Comment RSS Feed

Name:

Email:
* Email will not be published

Website:

News Categories

1 Series , 3008 , 308 , 370Z , 3-Series , 5 Series , 500 , 508 , 6 , 6-Series , 911 , 9-5 , A1 , A3 , A4 , A5 , A6 , A7 , A8 , Abarth , Accord , Aixam Mega , Alfa Romeo , Alto , Antara , Articles , Aston Martin , Astra , ASX , Audi , Auris , Avensis , Aveo , Awards , Awards 2008 , Aygo , B Class , Beetle , Bentley , Best offers of 2008 , Best offers of 2009 , BMW , Boxster , C1 , C3 , C70 , Cadillac , Car finance , Car leasing companies , Caterham , Cayenne , C-Class , Chevrolet , Chrysler , Citroen , Civic , CL , Clio , CLS , C-MAX , Company Car Tax , competitions , Concept cars , Contract Hire Voice , Corsa , Cruze , CR-Z , CT 200h , Daihatsu , Dealer news , Delta , Dodge , Drivers Alliance , DS3 , DS5 , DVLA , E-Class , Exeo , Fabia , Feedback , Ferrari , Fiat , Fiesta , Fleet news , Focus , Ford , FX , Galaxy , Giulietta , Golf , Grand C-MAX , Green cars , Hitwise , Honda , Hummer , Hyundai , i20 , i30 , i40 , Ibiza , iLoad , Impreza , Infiniti , Insignia , Interviews , iQ , Isuzu , Iveco , ix35 , Jaguar , Jazz , Jeep , Jetta , Juke , KA , Kia , Korando , Kuga , L200 , lamborghini , Land Cruiser , Land Rover , Latest News , LEAF , Leon , Lexus , Lotus , M Class , maserati , Mazda , Mclaren , Megane , Mercedes-Benz , MG Motor UK , Micra , MINI , MiTo , Mitsubishi , Mondeo , MX-5 , New car launches , New cars , Nissan , Note , Octavia , Offer of the Week , Orlando , Outback , Panamera , Passat , Pathfinder , Perodua , Peugeot , Picanto , Popular leasing searches , Porsche , Primastar , Prius , Proton , Public Sector , Punto , Q3 , Q7 , Qashqai , R8 , Range Rover , Range Rover Evoque , Ranger , Rapide , RAV4 , RCZ , ReallyGoodDomains Ltd , Renault , Rio , RoadTestReports.co.uk , Rolls Royce , rolls-royce , S60 , Saab , SaveMoneyOnCars.co.uk , Scenic , SEAT , Shogun , Skoda , SLK , smart , smmt , Sorento , Soul , Special offers , Sportage , SsangYong , Subaru , Suzuki , Swift , tesla , Tiguan , Top Picks , top searches , Touareg , Toyota , TT , Twingo , up , V60 , Vans , Vans & commercial vehicles , Vauxhall , Venga , Videos , Volkswagen , Volvo , Weekly Column , Wind , X1 , X3 , X5 , X6 , XC90 , XF , XJ , XK , Yaris , Yeti , Ypsilon , Z4

SEAT Leon Hatchback

1.6 TDI CR Ecomotive S Copa 5dr
6+47 10K miles p/a
£176.40
Per Month, EXC VAT
Business Users Only

Mercedes-Benz E Class Estate

E220 CDI BlueEFFICIENCY Executive SE 5dr Tip Auto
6+35 10K miles p/a
£279.99
Per Month, EXC VAT
Business Users Only

Citroen Berlingo Van

1.6 HDi 850Kg Enterprise 90ps
£499.55+23 5K miles p/a
£149.55
Per Month, EXC VAT
Business Users Only

Peugeot Bipper Van

1.4 HDi 70 Professional
3+35 10K miles p/a
£179.99
Per Month, EXC VAT
Business Users Only

Toyota Aygo Hatchback

1.0 VVT-i 3dr
6+35 10K miles p/a
£117.23
Per Month, EXC VAT
Business Users Only

Mercedes-Benz SLK Roadster

200 BlueEFFICIENCY AMG Sport 2dr
3+23 10K miles p/a
£299.99
Per Month, EXC VAT
Business Users Only

SEAT Exeo Estate

2.0 TDI CR SE Tech 5dr [143]
3+35 10K miles p/a
£264.00
Per Month, EXC VAT
Business Users Only

Hyundai I40 Estate

1.7 CRDi [115] Blue drive Active 5dr
6+47 10K miles p/a
£198.00
Per Month, EXC VAT
Business Users Only

Honda Accord Saloon

2.2 i-DTEC EX 4dr Auto
6+35 10K miles p/a
£238.27
Per Month, EXC VAT
Business Users Only

Volkswagen Touareg Estate

3.0 V6 TDI 245 SE 5dr Tip Auto
6+23 10K miles p/a
£369.00
Per Month, EXC VAT
Business Users Only