EV price war of 2023

Yeah but luckily it's all the ICE cars that are in inventory, and they're just a waste of metal. Might as well just chuck them straight in the scrapyard

Or better yet, don't build the Dino fueled bangers in the first place

The inventory "problem" is in the US. Apparently there's more teslas in inventory than ever which some have taken to mean the company is doomed and the future of motoring is the Toyota Corolla hybrid 🙄

To some extent, it's Tesla's own fault since they make it very easy to track vehicles on inventory. As Gumbo said every other manufacturer has the same issue but it's better hidden because that inventory is scattered throughout hundreds of dealerships

If you dig into the numbers a bit, the inventory is mostly Model Xs and 3s. Again no surprise there, suddenly the most expensive model becomes harder to afford in a cost of living crisis and high interest rates, so people downgrade to a S or Y.

Model 3 is also due a refresh, so I suspect a lot of folks cancelled reservations to get the newer one. I'm also suspicious that a load of people cancelled reservations due to the price drops to try and pick one up from inventory at a lower price

So yeah, the "problem" isn't a real problem

So 2.5 k cars which is 0.5 weeks of production of Texas GF. Doesn't sound like a major issue to me.

The difference between Tesla and say a VW sales process is that in latter a client orders a car, the dealer books it in, and makes the order for that particular car. So there is no inventory but it takes between 6 months and 2 years to get the car. Tesla on the other hand guesses which colour sells the best and then makes cars which will be matched by current active orders.

My mother in law bought a 2018 leaf brand new and since I got to drive it I always wanted to change my dead diesels for an EV. With covid demand went crazy and a new eletric car at 40/50k is beyond what I'm willing to pay. In the last few weeks is it just me or have used car prices for eletric EVs finally started to reflect depreciation? Looking at 20k mark, I often only saw the leaf 30 or less. Now plenty of leaf 40 appearing at 17/18k and some tesla model 3 at 35/36k. Maybe I just seen so much inflation I'm fooled into thinking used EVs are becoming better value.

Just checked DoneDeal and I'm seeing 77kWh 2021 ID.4s for €35k

They'd have been up at €41k 6 months ago

Looks like depreciation is back to being a thing. Great for second hand buyers, not so great for the sellers 😕

Lots of used ID.4’s available now. 200+ 2021/2022 models on DD. Lots of 1st Edition ID.4’s being traded in over the last few weeks for 2023 models. Cost to change can very small as these cars were bought for close to €43K new. They have great spec compared to the likes of the Life DX they’re selling now.

I’d buy now while you have plenty choice and can shop around. If you can charge at home cheaply, you’ll be saving money on fuel/road tax etc. from now rather than waiting. If you do want to wait until Sept, you might be better off to hold out until the following January when dealers will get their next influx of used EV’s.

A baby doesn't require a tank anyway, just a decent size boot for the pram. I think the Nissan leaf 40 kWh 2018 -> would be a good choice as a localish car i.e. not for frequent long trips. The boot on them is much bigger than on the earlier model and you should be able to choose from many cars now at below €20k point.

We have a 2016 older model as the 2nd car and they are good for that sort of thing. We also had the newer model as the main car in the past and they are very reliable.

Starting to depreciate alright, especially higher mileage stuff out of manufacture warranty

I do wonder how the value of EV's with no warranty will hold up, the mundane stuff, the VW, Renaults, Nissan's, MG's, Skoda's etc when much more advanced EV's hit the market in 5-10 years

Most consumers wouldn't have any hesitation buying a 4 year old diesel Octavia with 100k km on it and out of manufacture warranty, but I don't think the same appetite will be there for out of warranty private sales EV's

You've got 2 issues with EV's that are not such an issue with ICE

1. Advancing technology, a used EV today will degrade and your 300km range now becomes 250km, even 200km when it gets past 200k km/8 years old
2. Outside of maybe main dealers we don't have the industry in this country to repair EV's that are out of warranty and need fixing, they become almost throwaway cars if something goes in them and the battery gets salvaged and sold off, I've a friend that uses his Leaf battery as solar panel storage, as the cost to repair the car wasn't worth it

Donedeal have a boatload of older Leaf's for sale, seems to be a car that's pretty undesirable now, For example a 24/30/40kWh LEAF with chademo, a small battery and without liquid cooling is yesterdays technology. In what way will the current generation of EVs seem very underwhelming in 5-10 years time? I don't know but I expect there will be something.

Even Tesla face this issue, a 3-4 year old Model 3 on NMC batteries is much much inferior to a modern Model 3 with LFP cells, your talking 800 cycles vs a few thousand cycles, the new Kia's and Hyundai's similar, they make the previous Kona and Niro look old hat, surprised you can still even buy them new

I don't see it happening before the June grant change, look at the hassle with revenue after the last price drop and length of time it has taken to sort out. Tesla will want to shift that stock this quarter and avoid a repeat and avail of the full 5k grant.