Finally other car manufacturers are making noises about responding to Tesla price cuts https://www.reuters.com/business/autos-transportation/renault-brand-sales-bounce-back-q1-up-9-2023-04-17/
French carmaker Renault (RENA.PA) is reviewing its pricing policies of electric cars worldwide to ensure it stays competitive after a wave of price cuts by U.S. rival Tesla Inc (TSLA.O), a top executive said on Monday.
There's really two options, we can look at how the market has evolved in other European countries and predict we'll follow a similar trajectory, or we can make up random anecdotes that results in claims that demand is decreasing whilst sales are increasing. My guess is that Irish exceptionalism is a forum thing and that we'll continue to see year on year sales growth for the the foreseeable future.
Why would you lower your prices and make less margin if demand is high? That makes no sense, you sell for as much as you can get away with
Yeah the sales will increase but enough to match production and all the investment in plants and retooling existing plants? VW bet big on EV's, is 80% extra year on year while cannibalising your ICE sales good enough for them?
Teslas problem will be everyone's problem soon imo, they upscaled production very quickly and soon might be able to produce more than they can sell without lowering prices and if they lower prices the competition will have to follow suit, they could be a huge market disruptor
Will VW and the giants be prepared to sell mass EV's at low margin? Which they have never done, while letting Toyota laugh at them selling mass ICE for records profits and low volume EV's for high margin or will they go back to Toyota strategy?
Gonna be interesting to see who backed the wrong horse? Toyota has no interest in EV's
The problem for Toyota is not if but when they will become more interested in EVs. The ban on sale of new ICEs is not an unique Irish policy measure. Unless Toyota can pull a surprise rabbit out of the hat, the EU is a pretty big market to be excluded from.
It really is all to play for though. If EV % keeps increasing, along with more PV and more wind generation etc., global demand for oil could taper down, resulting in cheaper petrol for people still driving an ICE in 10 years time.
We could be really struggling to keep up with the public charger network.
The ban on new ICE sales could be deferred.
Nobody knows really and claiming EV's are the be all and end all is wide of the mark.
I heard that years ago re the wind/solar we produced, we are basically self sufficient on this Island lol and Ukraine proved all that 100% renewable was bull
Airtricity and its 100% Green Energy haha, what are they charging for electricity now ?
Oil is going nowhere
I think a mega corporation like Toyota ignoring that proves it ain't going to happen or gonna be delayed, governments talk a lot and the lack of movement on improving the charging infrastructure screams pipedream
Look at the state of EU funded Ionity, the county council would roll it out faster :)
EV were always priced at how much the consumer was willing to pay.
The high cost of elect and the grant going meant the manufacturer had to adjust to this.
No price war just plain economics
It will be interesting to see what Toyota does in the next 5 to 8 years. At this stage its one of the only mega car manufacturer's that seems not to invested heavily in an full EV future. Will the rest of the automotive industry crash and burn? Poor old Ford will be in a sorry state if Toyota is correct, no more fiesta, focus, mondeo and smax/galaxy. Even at this early stage there isn't even the option of a diesel Kuga. No way back now
Are you reading the opposite news or something? Ionity are in the process of one of the largest expansions of EV charging in Europe. They've had setbacks but it'd be a struggle to call them a failure
VW have already targeted a mass market EV for €25k in Germany in 2026 and are targeting a sub €20k one as well
They aren't running a charity so you can bet they're making a profit on that
In fact the CEO of VW was recently saying they might have to ditch the base spec Polo because it's not worth the money to get it Euro 7 compliant
I'm not sure what your point is regarding factories, VW haven't been expanding overall productive capacity, they're converting it to electric. They aren't going to be left short of demand unless there's some drop in overall car demand
42% increase in deliveries over the same quarter last year.
Given you can't even get the funding model for Ionity right, I'm not sure I can trust your industry analysis
A whopping 6.9% of deliveries was electric.
Mostly in Europe.
Rest of world, negligible.
The article shows how EV's are still in the low hanging fruit category, the preserve of people with money.
An awful long way to go with this.
I don't think anybody is arguing that their isn't more increase in market share to be expected. But the article does rather address the point that demand is clearly not hitting a drop off as proposed by @Stevie2001
Probably worth considering that you can't buy a VW EV in a lot of the world.
Europe and China are main markets, US is slowly catching up
They're only just starting to sell EVs in other continents
I suspect there's as much interest in EVs in other countries as here, if production was there to satisfy it
People constantly slag off Toyota but I think at the end of this they will be sitting pretty
Dont mind VW, they are not stupid. They have Skoda etc selling diesels all the time to people at a rate of pace. They can easily drop prices if they want.
Up 80% based on what? record market share from what?
BEV are still a small percentage which is growing but to be honest it couldn't go any lower. Im all on for electric cars but in reality the raw components are not available to transfer the entire fleet to electric.
I expect electric to continue to grow from the simple fact that all manufacturers are now offering them. But still paying 40k for a Renault is really targeting a very niche market.
I think so too. They'll get the finger out when it suits them. Its not like they dont know how to design/deliver an EV. They'v been doing it for years with the hybrids so they have the expertise already. In the meantime they'll milk every last drop out of their ICE lineup.
I do think, however, that their new CEO is more progressive than the outgoing guy who was very anti-EV and the new CEO is looking to invest more with ~15%(1.5m) of their sales being BEV by 2026 (that's not far away) and that's alot of BEV's!
Toyota were able to hold off until now because they had the cleanest cars anyway and weren't being hit by emissions fines but they need to start preparing for the shift now.
The most popular cars I see on roads at the moment if "self charging" :-) hybrids. Even my next door neighbour bought a new one and said they didn't want to start messing around with chargers, older house so probably wiring issues etc etc....as far as they are concerned switching to hybrid is all they need to do in terms of environment.
Nobody ever claimed we were self sufficient for energy, what a ridiculous statement. The goal is 80% renewable electricity by 2030.
Mod Note: If you want to re-hash the debate on environmental impacts there's a thread for that https://www.boards.ie/discussion/2058252347/evs-are-worse-for-the-environment-the-myth
I see Kearys are doing 0% PCP on the E Tech, it wasn't long ago seasoned posters here were saying we'd never see 0% again, for once it's great they were wrong
Interesting article, looks like Tesla inventory in the US is at an all time high
This is of course either a genius move by Musk or the impending doom of Tesla 😏
Jokes aside, I don't think it's particularly surprising. The highest inventory is of Model X, doesn't exactly take a stretch of the imagination to see how the most expensive model might lose a few reservations in a high inflation and high interest rate market
I suspect some reservation holders saw the numbers didn't make sense so they dropped for a Model Y instead
Model 3 also has a lot on inventory, again I suspect a bunch of people were looking at a new car, had a reservation down then interest rate hikes made it a bad idea and cancelled, possibly to pick another one up from inventory
No effect on buyers in Ireland of course since the steering wheel is on the wrong side. But probably going to be some good deals for US buyers in the next year
Obviously a great rate but small print says it's on a maximum of €15,000.
0% on €15K though so you'd need a trade in or deposit of between €22-25K.
Still an attractive offer.
I wouldn't have thought that high?
Equilibre RRP is 37500, gmfv is probably about 20k?
So at that, deposit would be 2-3k?
The 0% is only available on HP according to Keely's website.
Have seen the Megane E-Tech advertised with €1500 'deposit contribution' (i.e. discount) this weekend as well.
Lovely car, let down by a comically small boot for a family.
doesnt seem to dissimilar to the boot on a VW golf or almost all SUVs so indeed, grand for students or pensioners or couples that go on holiday with a couple of cases but you wont be camping or shifting much baby equipment with them
It seems the only EVs with any type of a reasonable boot are the Tesla Model Y (not cheap) or the MG 5 estate (actually ok on price but you wont be buying second hand yet)
I'll raise you an ID.4 loaded down with buggy, travel cot, suitcases and supplies (including baby stuff) for a week in center parcs 😁
