2024 Irish EV Sales

As part of changing to my new Born last year my 2 Yr old ID3 was valued at 33k eur approx in exchange. Effectively I had eur 4k depreciation on the ID3 bought new for 37k approx in 2021 - or 2k per year. I think this will be a positive offset to whatever resultant depreciation I will see when trading the Born in - probably in 2026. So far the only "additional depreciation" beyond standard depreciation is about eur 2k reflecting the current price drop in the new Born.

Obviously cheaper car prices would drive some new car sales, but it’s hard to see it having a large effect, considering we’ve had huge price drops to the top 2 selling EVs form 2023, the model Y and ID4, and they are -47% and -58% respectively.

It heavily suggests price is not the problem.

Clearly at the time. When you were probably saying EVs are amazing and petrol cars will be unsalable in x years she wasn’t so easily led. Hindsight has proven her view correct.

I wonder if the depreciation we are seeing now is more a factor of unrealistic price increases EV's for in second half of 22, back then demand outstripped supply so the manufacturers could get away with it. Covid made things nuts as well. People were able to trade in 2 year old cars in 2022 and get nearly as much for them as they paid new.. never saw that before and dont think we will again for a while.. a lot of folks must be coming to the end of pcp deals on evs bought in 2021/22 in the next 12 months and I'd say most will want another EV. Is there any numbers of people going back from EV to ICE? or hybrid. Unfortunately the combination of factors has really added fuel to the fire for the doubters or slower adopters..Im the only one in my close family with an EV and they were all shocked when i was able to change again into another id4 without a substantial loss. They were all lined up with a big 'told ya so' All i ever see in the media is the downsides of owning an EV.. i never see much about stories of owners where they can do cost to coast journey's and still have 50% batteries left, that you can save substantially on fuel costs with home charging etc.. and that people are able to trade in cars without incurring huge losses. Its not all a bed of roses.. i do think the home charger situation can be a big gotcha for folks in older homes.. having to upgrade wiring is something ive never heard a car dealer mention and its a considerable additional cost.

it’s not just EVs that have seen the massive price hikes .

My OH bought a Skoda Karoq for €29k in 2021 . The same spec car now sells for €42k . That’s a near 45% increase in 3 years .

The only good thing is that she got a very good price in trade in for her new EV this week

A lot of folks buying new PHEV’s because they can’t get diesel’s anymore in a particular model or the premium for the diesel version is too much of a price jump.

We were using go car for a while as one of us was using our car all the time. Found that there werent enough of them tbh. Otherwise they would have been great. Usually when i wanted one there was none available. Not always, but enough that it stopped me using them. If they had enough gocars that there was always one available when you needed it then it could easily replace having your own car.

Eamon Ryan was ridiculed for suggesting this but he was somewhat right. Might not work in rural villages but might work in an urban setting better.

pretty much more of the same in July - here’s the whole year so far:

EV market share of 13%, overall volume down 24% (also down 24% for July alone).

Electric cars by month: 2024 v 2023:

By manufacture, all of 2024 v 2023:

Falls across the whole market really, the only ones with gains are ones with new models released.

by model:

There’s a number of car models from last year that have disappeared, or large drops in sales this year, such as the Zoe, Corsa, Mini, Honda E, 2008, 208, eTron GT, Mokka, EQS, MachE, iX, Taycan, ID5 and some others.