2024 Irish EV Sales

id hope not as they both petrol!

Might not be a massive VRT saving on EV as liable for 7% VRT over €40k. Would love to see the EV spec as in battery size and range. Must check what VRT currently applies to the PHEV

A couple of years back I used to top up my poor L30 on an on street charger whenever it was available. As time went by access became rather unreliable due to a RR phev being charged almost daily. Used to annoy the hell out of me because due to degradation I needed a top up to get home. Thankfully no longer an issue

Not much of a surprise.

Theres no disincentive not to drive diesel.

Unless you're interested in EV and it suits your journey there's fewer incentives to move to it now.

The govt and EU would have strict laws around battery health, warranties and repair and replacement to counter all the negative anti EV media that's been hammering consumers for the past 8 months.

That's before you get into the price war and depreciation from Tesla price cuts and cheaper Chinese competition. Also the cynical pricing of Western products and buggy and poor quality products.

It wouldn't offset the depreciation unless you are doing a lot of miles.

All cars depreciate. I'm not so sure its over.

I'm not sure that's over.

true, but irrespective of factual data, the point is still a pretty simple one - it’s very clear that people with any form of financial incentive to buy an EV account for a significant portion of sales. I include fleets and rentals there too.
the beep beep data we have shows 9000 EV sales this year - fleets and company car registrations will be very consistent each year, whereas private sales tend to fluctuate with buying power.

If EV sales are down as much as they are, it’s very likely that fully private sales are down considerably more than the average.

This idea that warranties, batteries and what not will resolve the situation is wrong. Its been discussed here back and forth. What I do agree with though is that education campaign by the gov might help. But in a country where people protest against water "charges" which are totally normal in the whole of Europe (it's similar to asking electricity to be free) including countries back in the 1970s which were communist... I'm not sure how such gov campaign would be received.

Only two things help - affordability and sound gov policy (carrot and stick). The latter can also help with the former (see Norway and France for example). It's that simple.

The well is now truly poisoned through the combination of OPEC+Russia+Big Auto disinformation campaigns and on top by associated messaging by local vested interest (dealers), ideologues with a political agenda, and ignorant people suffering from change resistance. And all that is aided by click-baity media. It spreads fast and deep. I think a gov campaign could cause more damage at this stage given how people believe all sorts of nonsense conspiracy theories. It's now public "knowledge" that "EVs are being pushed" [by the gov/Illuminati/woke/reptilians/aliens/whatever evil entity you make up].

Irish dealers will never want to inform anyone correctly about EVs. They don't want EVs unless it's an EV specialist dealer. It's a negative sum effort for them - it's a new tech, you need to learn new things, you need to change and in the end it makes you less relevant in the long term (EVs need less aftersale service). Why would you bother? Second-hand warranties are IMHO not going to happen for the same reason.

The only thing that will help the market is volume. Much higher sales and a much higher secondary used market. In that situation, dealers will be forced by the market to act. And how do we get more volume? By government policy, especially when it comes to the fleets. The options are many - deregulation, tax credits, faster accounting depreciation, BIK, …

To be fair, the dipping is very recent after a boom year.

Love EV depreciation: Buying probably one of the cheapest copies of BMW i3 94Ah in Europe this week.

Yes, and I'm thinking this in financial terms: With the current depriation levels you are getting 80+ percent of new car performance for 25-40% of new price. I think we'll never get down to my record of 1% of cost for 80% of performance (in ICE) but this is very unlikely to ever happen again based on the inherent value in batteries.

Now is a good time price to pick up reasonably priced used EVs at affordarble prices in my opinion.

You're still doing well compared to my '21 LR. But it's great time to be on the other side as a buyer. And the used EVs are total bargains now when you compare to same class of ICE.