Well the average life expectancy in the UK is over 80 years old - and it's probably higher than that for cyclists - so chances are you'd get the cash back !
That is some good MPG you're getting there ? Over 50 mpg - very efficient car. OK my EV was twice as expensive as your Fiat - but it's bigger and about the same size as the SUV it replaced.
We charge our EV cheap rate at night as we don't yet have our solar - and it's cost us £222 for the year. For about 13,000 miles. No road tax and cheaper servicing and it's a dream to drive. One foot driving and all of the safety mod cons.
The solar will definitely reduce our monthly electricity bills - the money could be invested - but I doubt you could double your 10k in ten years - that's about the level you'd need to see the return at ? And investments can go up and down.
And it's not just about the cost - do you have any children or grandchildren ? Do you care about the world you're leaving for them ?
"Sure little grandkid - I DO care about your future - but it has to make financial sense to me..."
Thank you for the information, it makes very clear how such investment can and does make sense.
The two sentences I have highlighted are unnecessary and harsh. Yes, I care about the world we will leave behind. In my household we do all we can to live a green life but both our financial and housing situation limit this. The £40k I mentioned would come from savings set aside for later life. Should my wife pre-decease me the loss of her pension would leave me reliant on those savings. If I had put this capital into solar panels and an EV it's likely I would become financially reliant on the state.
There is more to this discussion than people appreciate. Your post shows households able to afford a £60k vehicle have their motoring costs effectively subsidised by others, in reality by people who cannot even afford their own energy costs. Possibly there are households more in need of cheap, almost free energy.
To me this is unfair, underlining the deep inequalities which exist in our society. To achieve a greener society we need to enable everyone to contribute. Possibly instead of a 100% subsidy on fuel costs for those able to spend £60k on a vehicle it would be better to tax the subsidy in some way to contribute say 50% of the savings to supporting others who cannot do the same? Should green credentials include using savings in "the hundreds each month" as a contribution towards saving the planet?
Another thought. My wife's car was 12 years old when we replaced it, mine is 7. I trust you will be keeping your EV for 12 years. Our UK habit of changing vehicles every three years is hardly green.
I'm going to move to solar and suggest another view. I'm fortunate to live in a conservation area subject to an Article 4 Direction. Solar is out of reach as the A4D means solar panels cannot be installed on the property. Possibly I could get planning for an installation on my allotment 500 meters from the house. At what cost? 500 metres of trenching through the garden? I am not allowed by law to make changes to the external appearance of the house. Replacement windows and doors have to be handmade at a cost of £1000 each. An investment we recently made. I'm not complaining but there are no grants, subsidies etc. available to help this effort to reduce energy use.
Perhaps sufficient reward for a solar installation should be free or low cost energy? Should income from spare capacity be taxed with that revenue invested in helping lower income families enjoy a greener or more sustainable life? We've been told these investments are largely for ethical reasons. Perhaps those ethics need to stretch further?
It's not as simple as "Sure little grandkid - I DO care about your future - but it has to make financial sense to me..."
Things are rarely as simple as they might appear.
I apologise for what I'm sure will be viewed as an off topic post. It will probably be removed but given the question asked of me I feel its worth asking just how green and ethical are these investments? I'd argue as a society we are failing miserably in our efforts to save the planet.