The Electric Transformation:
Classic Cars Soar Up to 20 Times in Value
In an era dominated by technological advancements, where nostalgia often takes a back seat to innovation, the notion of preserving classic cars may seem like a relic of the past. However, a new wave of electric vehicle (EV) conversions is challenging this narrative, offering a blend of tradition and modernity that's hard to resist.
At eDub, we're at the forefront of this movement, transforming classic cars into electric marvels that not only preserve their heritage but also enhance their value. Here's why converting your classic car to electric with eDub could be a game-changer.
Increased Value: Electric Classics Command Premium Prices
Contrary to conventional wisdom, converting classic cars to electric can significantly increase their value. Vanarama has found that converted EV classics can be worth up to 20 times more than their original counterparts. For example, the MG MGB Roadster, with a standard cost of £5k, saw its value soar by over 2,000% post-conversion.
While the upfront costs of EV conversions can be significant, the potential for profit is undeniable. Despite the initial investment, savvy investors can capitalise on the growing demand for electric classics, especially for less valuable models like the Nissan Bluebird and Rover Mini, which have seen value jumps of 700%.
Navigating Costs: Balancing Investment and Returns
While the prospect of increased value is enticing, it's essential to weigh the costs of EV conversion against the potential returns. At eDub, we offer tailored conversion packages for a range of classic models, with pricing starting at £46,999 for the Morris Minor and £66,999 for classic camper vans. However, the investment doesn't end there, as high-end conversions like the Porsche 911 can exceed £107,999. Despite the upfront costs, many enthusiasts view EV conversion as a labour of love, prioritising sustainability and performance over monetary gains.
Other classic cars are available to convert. These require more time and cost for the necessary R&D to carry out the conversion safely. Contact us for specific advice on your vehicle's condition.
As the UK's most innovative independent garage, we're not just converters; we're enthusiasts dedicated to preserving the essence of classic cars while infusing them with cutting-edge electric powertrains. With bespoke conversion packages tailored to each vehicle, we ensure optimal performance, reliability, and value retention.
Maximising Profit: Strategic Considerations
Contrary to common misconceptions, EV conversions don't compromise the driving experience of classic cars. In fact, our meticulous approach to weight distribution and handling optimisation often results in an even more exhilarating ride, maintaining the essence of the original while enhancing performance.
For those considering EV conversion as a business venture, strategic planning is key to maximising profitability. From selecting the right donor car to managing restoration costs, there are several factors to consider:
- Set a Budget: Define financial parameters early on to ensure a viable investment strategy.
- Choose wisely: Select classic cars with the potential for post-conversion appreciation and market demand.
- Optimise Mileage: High-mileage models often offer better profit margins and lower acquisition costs.
- Prioritise Quality: Invest in well-maintained classics to minimise restoration expenses and maximise returns.
- Adhere to Regulations: Follow DVLA guidelines to preserve authenticity and ensure compliance with registration requirements.
Ready to unlock the full potential of your classic car?
Contact eDub today to explore our electric conversion services and embark on a journey that seamlessly blends tradition with innovation. Experience the future of classic motoring with eDub – where heritage meets electrification.