DoneDeal Report - EV Average Prices

AMKC

The average cost is €64,000 yes that's right no kidding €64,000 big ones like Wow.

Surely with the likes of MG and BYD now in the market maybe it will come down to a more reasonable €40,000.

What do you think of this? It was on RTE News today.

eagerv

https://www.boards.ie/discussion/2058297649/so-according-to-new-analysis-the-average-cost-of-a-new-ev-in-ireland-is-wow-might-want-sit-down

Mainstream media and EVs normally has me looking for the off button...😉

ELM327

Probably that Geraldine reporter who likes to talk EVs but hasnt a clue what shes on about, either her or Dim Tim from the times.

AMKC

https://www.boards.ie/discussion/comment/120632320#Comment_120632320

Actually she was on Ireland AM this morning on Virgin One talking about the BYD ATTO 3

Patrick2010

So what is the average?

elperello

This is the article in question based on Done Deal data.

https://www.rte.ie/news/business/2023/0523/1385022-new-electric-cars-13-more-expensive-than-last-year/

They certainly are expensive, I was looking at a Toyota Bz electric in a showroom last week and the sticker price was €56k.

It's not a big car.

Stevie2001

Get used too it, its hard to see how the can be made cheaply

Anyone got the BOM for a modern EV?

Ain't cheap to replace a simple engine and petrol tank

80kWh battery, high performance electric motor, inverter, controller, bms, dc charger ain't cheap, 15-20k alone to replace a basic engine and petrol tank imo

SouthWesterly

Was talking to Kia last week. A phev Sportage was coming in at 59k .

the_amazing_raisin

I wonder what filtering DoneDeal did to ensure the cars they used for averaging are actual cars for sale

I've seen a few ads that looked more like just advertising a particular model of car

If every VW garage advertised every ID.4 trim the average would probably fall in the mid €50k region, but the general consensus is that most of the models sold are the lower 3 trims which are sub €50k

Having said that, there have definitely been a lot of price increases in the past year across many models

Hopefully we're seeing the end of that, and there's more deals from garages now. Saw one dealership in Cork offering a €6,500 scrappage deal. Sell your current car privately, buy a banger for €500 and then claim the scrappage 😉

liamog

https://www.boards.ie/discussion/comment/120632598#Comment_120632598

BYD are selling their Seagull model starting from 78,800 RMB (€10,360). It clearly doesn't cost as much as you think it does to electrify a car. Have you perhaps mistaken pricing for products which is based on what the market will pay versus cost to produce again.

You don't need high performance motors and large batteries to replace Polo's and Fiesta's, but as you are well aware the manufacturers don't currently want to sell cheap cars to skint customers.

ted1

https://www.boards.ie/discussion/2058297649/so-according-to-new-analysis-the-average-cost-of-a-new-ev-in-ireland-is-wow-might-want-sit-down

Probably beefier Grant and VRT.

kippy

This is one of the biggest issues with electric cars. That, the charging infrastructure and the potential issues in the second hand market.

50k is an absolutely astronomical amount of money for the average Joe to consider.

liamog

https://www.boards.ie/discussion/comment/120632755#Comment_120632755

Why is selling expensive new cars to people who can afford them an issue? Today's buyers are funding the investments that will lead to tomorrow's electrified Polo equivalent.

kippy

https://www.boards.ie/discussion/comment/120632774#Comment_120632774

Because there simply won't be enough cars filtering through to the second hand market if the price point of new ones is as mental as they are. More importantly there are significant questions to answer around the performance and usefulness of a ten or fifteen year old electric car when it reaches that age. Namely cost of purchase, cost of ownership and useful range.

Fair pay to someone who can fund a 50 K car. But there aren't enough of them to impact on any future second hand market.

elperello

https://www.boards.ie/discussion/comment/120632598#Comment_120632598

The trouble is that so many buyers just can't afford to get used to it.

Those buying at €50-60k will want to recover a lot of equity when trading in.

Which will conflict with the interests of buyers further down the chain seeking to change to EVs.

Gumbo

https://www.boards.ie/discussion/2058297649/so-according-to-new-analysis-the-average-cost-of-a-new-ev-in-ireland-is-wow-might-want-sit-down

That’s how averages work.

What’s the mean value?

Gumbo

https://www.boards.ie/discussion/comment/120632801#Comment_120632801

Why can’t that person buy one of the EV’s at €30k or €40k.

I think people are afraid to move on from badges. They have a golf or a Passat and want to stay with VW. This is where the likes of BYD should have cornered the market.

TheRiverman

The insane prices are a great way of encouraging people to change from petrol and diesel 🙄🙄🙄. The word scam comes to mind.

Stevie2001

https://www.boards.ie/discussion/comment/120632637#Comment_120632637

My old diesel Polo had 130bhp and could do 900km to a tank

Make that cheapily

Yeah you can make a crappy seagull for 10k, Dacia have that in Europe for similar price and it has 44bhp and 120km of range, evolution :)

Stevie2001

https://www.boards.ie/discussion/comment/120632954#Comment_120632954

What about the person that bought a Fabia for 20k new every year, which is a lovely car these days

Just suck it up and pay 30k or 40k? and compromise at the same time as that Renault Zoe barely does 300km on motorway, when a Fabia will do 800km to a tank

Gumbo

https://www.boards.ie/discussion/comment/120633029#Comment_120633029

Nope. I’ve posted 100’s of times that EV’s need to break the €20k buyer. Until then they won’t be for the masses.

In other news, I had a Fabia VRs. It wouldn’t do 800km for me!

liamog

https://www.boards.ie/discussion/comment/120633013#Comment_120633013

Why bother when I can instead sell high margin cars from the same factory. Your not a very desirable customer.

ELM327

It's the median, not the mean that should be used here.

You can pick up an EV today between 2k (used leaf) and 200k (new taycan turbo S with suggested extras), and everything in between.

Have you looked at what a non EV new car costs these days? In manufacturers that sell both - primarily the germans - you dont see much difference. Look at the price of a Q8 vs a Q8 etron new for instance. Or an I4 M50 vs an M440i with similar spec. You can even compare an ID3 with a similar golf.

New car buyers arent paying 5-20k for cars and havent for a long time. It's not 2010.

ELM327

https://www.boards.ie/discussion/comment/120633013#Comment_120633013

A diesel polo? What a great driving experience, depending on the age that could have been bought new by a) someone who paid an upsell for diesel and b) have lovely paddy spec windy windows and lacking such options as cruise control.

But you're right, the frugal diesel polo owner doesnt have many options for a new EV these days without breaking the bank. You could get the EV equivalent from VW, for mid 20's, the E-Up.

Worth noting that my first car, a mk4 ford fiesta - in a similar class size to a polol, had about 400km range on a good day. Cars, especially superminis, having 500 plus km of range is only a 10-15 year old development, since the diesel supermini came into being due to taxation.

Red Silurian

For a fair comparison how does that compare to Petrol/Diesel costs.

It wouldn't surprise me if you can spend millions on high end petrol sports cars

Padraig Mor

https://www.boards.ie/discussion/comment/120634052#Comment_120634052

Exactly. My Model Y was €46.5k which sounds expensive until you look at the new ICE market in context - it's hard to avoid getting into the €40ks if you're after something half decent and roomy. Fancy a new Hyundai Tucson? It's gonna cost you €38k at the very minimum - lowest spec, no metallic. Want mid spec and automatic? You're immediately at Model Y price, without the full BEV advantages. Match the spec and you're well over Tesla price.

Stevie2001

https://www.boards.ie/discussion/comment/120633234#Comment_120633234

Exactly and more fool anyone paying and justifying those prices, I see it here it all the time, people defending those prices.

The amount of fools that can pay 50k for an Electric Renault Megane will dry up soon enough

Stevie2001

https://www.boards.ie/discussion/comment/120633039#Comment_120633039

The Fabia rs was an awesome machine, new a lad with an immaculate 05 black one that had been tuned to 180bhp or so and it was quick, loads of torque, good times

Stevie2001

https://www.boards.ie/discussion/comment/120634392#Comment_120634392

Model 3 especially for 40k is great value

Stevie2001

https://www.boards.ie/discussion/comment/120634064#Comment_120634064

Was actually a great car and fun to drive, got it mapped to 160bhp or so and with it's 1200kg weight, it could shift, could keep up with a mates 525D and spec inside was decent. Diesel were great those times, 535D's etc

Gumbo

https://www.boards.ie/discussion/comment/120634456#Comment_120634456

Mine was Joe Power’d too 🤣🤣