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2024 Irish EV Sales

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Comments

  • Registered Users, Registered Users 2 Posts: 366 ✭✭derekreilly


    Grinding my gears the way it's always a negative spin and no counter point so I suppose both of us will remain frustrated



  • Registered Users, Registered Users 2 Posts: 343 ✭✭prosaic


    Mathematically, I was talking in relative terms. Relative to the new car market as a whole, EVs declined by 4.4% for Jan-Aug this year relative to last year.

    The new car market declined overall by 0.9% and the EV component declined by more but it was still only 4.4% of the market.

    People had less money to spend on any kind of car and probably spent more on lower priced cars than higher priced cars (I didn't check this). It would be interesting to compare similar price brackets in the overall vs EV and see what the EV proportion was from 2023 to 2024.

    Sales will only continue to grow where money (demand) is available. 4.4% relative decline is as much the truth as 25% absolute decline. You choose the number to paint the picture you want. So, here, the SIMI are pushing government for subsidies for the EV market and so highlight the 25% number (not fooling but putting a spin of sorts on it).



  • Registered Users, Registered Users 2 Posts: 23,902 ✭✭✭✭ted1


    I’d say yes, it’s written to be sensational, a true independent article with no bias would use a larger sample size.



  • Registered Users, Registered Users 2, Paid Member Posts: 19,649 ✭✭✭✭ELM327


    You're conflating percentage points with percent.



  • Registered Users, Registered Users 2 Posts: 467 ✭✭PaulRyan97


    I mean, comparing this year to 2022, we're looking at a 20% increase in EV sales in absolute terms while the traditional diesel has shrunk.

    Market share wise however, we're barely above that. The biggest draw away from EV sales at the moment is the massive influx of new model hybrids onto the market. Providing peoplevwith a "ah close enough alternative" to EVs for the time being.

    Hybrids are gaining across the board, especially PHEVs. These are no longer compliance vehicles but often great cars offering real world ranges of up to 100km. They're a compelling argument for a lot of people. It becomes more clear when you realise that stats are a bit off, as cars are getting reported with the wrong fuel types. The PHEV and HEV market share is probably close to 35%.



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  • Registered Users, Registered Users 2 Posts: 343 ✭✭prosaic


    Fair point. Coming originally from a science background, I didn't really use the term 'percentage point'. I would generally just figure out if the percentage was in relative or absolute terms. I can see the advantage of pp terminology for clarity.

    In this case, I believe the relative (pp) difference is more important than the absolute (percentage) as it comes down to economic decisions about options for the group of people who are making this ICE/EV choice. The size of group making the choice varies from year to year so the absolute number comparison is less meaningful.



  • Registered Users, Registered Users 2 Posts: 7,013 ✭✭✭MojoMaker


    Otherwise known as "sorry, you're right".



  • Registered Users, Registered Users 2 Posts: 1,139 ✭✭✭Exiled Rebel


    Heard a report on newstalk this morning that started off by saying the value of second hand EV's under 5 years old is down 12% this year while ICE was up 5%. It sounded all negative until the last sentence when the report said that second hand EV's under 5 years old are now for the first time more affordable than their petrol and diesel equivalent. I nearly crashed the car with the positivity at the end.



  • Administrators Posts: 56,055 Admin ✭✭✭✭✭awec


    It's good news or bad news depending on what your motivation is.

    If your motivation is price, as in you're someone looking to buy a EV then it's obviously good news, particularly when you consider that part of the reason prices are dropping is due to new, cheaper cars coming to market.

    If you're interested in the proliferation of EVs then it is probably bad news, since ultimately the reason prices are dropping is due to lower demand. Particularly when the demand for ICE cars has increased, and therefore their prices have increased, the trend appears to be that some are turning away from EVs back to ICE.

    The hope will be that at some point the dropping prices will lead to a resurgence of EV sales.

    At this stage, I think the expectation would have been that EVs would show almost continual growth in the market at the expense of the ICE market, and in this context the figures are concerning. On top of this, Volvo came out today and said they are dropping their commitment to not sell ICE vehicles post 2030 and are delaying this by a number (unspecific) of years.

    The transition to electric is inevitable but it does seem like it's going to take a lot longer to get there than some expected.



  • Registered Users, Registered Users 2 Posts: 1,139 ✭✭✭Exiled Rebel


    True to a large extent. The drop in second hand EV price is due to a number of reasons one of which you mentioned is the reduction in price for a new EV. However I wouldn't say there's necessarily lower demand for second hand EV's. Those priced right are selling. One particular example I was looking at was a 232 KIA EV6 GTI Line which sold within a couple of weeks of appearing on DD. Others though are dreaming with some of their valuations e.g. a lot of Tesla M3 sellers.

    As for Volvo the most they can delay is 5 years which is nothing in the grand scheme of things. I would imagine development of ICE engines will stop in the next few years as we near the end of the decade. There's no point continuing to develop engines with 2035 as the hard stop for new ICE sales.

    The transition has taken a hit for sure but the likes of EURO 7 and other incentives/disincentives will speed up the transition.

    With no national car industry we have no say in the direction of travel, pun intended. We'll just have to get on with it.



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  • Registered Users, Registered Users 2 Posts: 343 ✭✭prosaic


    Look forward to seeing these tomorrow. I think there could be signs of increased EV interest.

    (Referring to SIMI report for September. Post got moved into this thread.)

    Post edited by prosaic on


  • Moderators, Motoring & Transport Moderators, Regional East Moderators, Paid Member Posts: 6,532 Mod ✭✭✭✭liamog


    Nothings really changed in the market, can't see any major change in trajectory occurring until the new emissions rules kick in from Jan 1st. Auto groups are currently incentivised to get as many ICE sales finalised before the deadline



  • Registered Users, Registered Users 2 Posts: 4,512 ✭✭✭sk8board


    September new car registrations were down 10% (5000 cars registered), with EVs again outstripping the market and down 30%.

    Tesla had a small delivery, about 250 cars, but by and large these September registration numbers are in the noise level when you account for fleet sales and garage registrations.

    image.png


  • Registered Users, Registered Users 2 Posts: 4,894 ✭✭✭joe1303l


    Ford Explorer has got off to a good start and I’m amazed to think Audi have still managed to sell some Q4 e-Trons despite the crazy pricing on them. Skoda didn’t even get on the board…



  • Registered Users, Registered Users 2 Posts: 343 ✭✭prosaic


    Here's a comparison of EV to All new Irl registrations from the SIMI data.

    I've aggregated county data into zones according to some vague theory about characteristics, with the hope being to see if patterns of EV uptake is different in different kinds of location.

    0.Dublin (all urban)
    1.Urban Cork, Galway, Limerick (counties have a large portion in cities)
    2.Commute Kildare, Louth, Meath, Wicklow (close to Dublin)
    3.Central Carlow, Laois, Monaghan, Tipperary (close or between urban areas)
    4.Semi Cavan, Kilkenny, Longford, Offaly, Waterford, Westmeath, Wexford (Not so central or urban (Waterford maybe should be in Urban))
    5.Outer - Clare, Donegal, Kerry, Leitrim, Mayo, Roscommon, Sligo (somewhat more remote from urban centres)

    In this first chart, only for Dublin and Commuter counties, it shows EV and overall numbers for all new car registrations in Ireland (not import). The EV and overall numbers for all new car registrations (not import) are shown. The EV numbers are multiplied by 5 to make them more easily comparable.

    Note also, I’ve projected numbers for October based on the relative size of Sep/Oct over the previous 3 years and extrapolating forward from this Sep.

    You can see the seasonal variations. Worth noting maybe that the EV market seems a bit stronger in the off-season. In Dublin, an upward trend in EVs seems to be continuing. In commuter counties, it's less so in the last year.

    EV pct mkt share.png

    In next chart, in order to look at the relative changes in market share, the EV numbers are divided by the total for all cars to give percentage share of the market. Dublin is shown by dashed line. The large spikes in June and November are more related to the relative fall off of general car numbers vs the more steady EV numbers.
    Commuter counties had a good EV share up to end of 2023 but fell back in 2024. Dublin fell back a bit but not by as much in 2024. Dublin seems to be leading an increase in August/September. To my eye, it looks like an improvement, in proportion to the overall market, and possibly in absolute terms.

    EV + Total Irl Dublin, Commuter Counties.png
    Post edited by prosaic on


  • Registered Users, Registered Users 2 Posts: 1,393 ✭✭✭MightyMunster


    Tesla had their best Q1 and Q3 ever in Ireland this year. Sales down 18% YTD.

    June 23 was the arrival of the cheaper RWD Model Ys ordered after the big price cut.

    Never seen any headlines that 2024 is on track for the 2nd best ever year for EV sales. Far ahead of any other years..

    Screenshot_2024-10-01-22-04-39-87_0b2fce7a16bf2b728d6ffa28c8d60efb.jpg


  • Registered Users, Registered Users 2 Posts: 343 ✭✭prosaic


    At this point, the year on year or year to date numbers are not giving a clear picture. 2023 had an exceptionally strong first half and that is masking what has happened in the last couple of months. MightyMunster's chart shows the large bulge in Q2 2023, twice as big as it would under a more gradual growth picture.

    I have a question: why are EV sales better in the off-season, not sinking as much as other types in May/Jun and Nov/Dec? One reason, and it applied in our case: we came to a point where we didn't feel confident about our current car and decided to switch. We didn't want to continue with another ICE car and it was a decision unrelated to car buying season. So I wonder if that low background steady rate is due to similar people deciding they can't put up with the ICE car any longer?



  • Registered Users, Registered Users 2 Posts: 1,393 ✭✭✭MightyMunster


    EV sales outside of traditional months are probably due to Tesla shipments coming in as they were a big chunk of the market in previous years.



  • Registered Users, Registered Users 2 Posts: 4,512 ✭✭✭sk8board


    All well and good, all factually correct - however, the trend is your friend.

    If you can tell me that next year is somehow going to be back on track, then yes this is just a blip and it’s the 2nd best year ever for EV sales and a positive thing.

    non-EV sales are +6% this year while EVs are -27%, which suggests it’s not a market issue, it’s a specific EV issue - which we all know is the case.

    So you’re not wrong, but it’s not a fair reflection of what the data actually means, irrespective of what it says.

    I’m pro EV btw.

    As an aside, my neighbour took delivery of her new Model 3 last week, and the insurance versus her 181 320d was “4-5 times”. I asked how that could be the case, and yes her old insurance was low at €400, but she was very much not expecting it. She said she’s never had an accident, and driving about 20 years on her own policy.

    it’s a poll of one, but these things will snowball into lower sales if indeed cars like Tesla’s are as expensive to repair as they appear to be.



  • Moderators, Society & Culture Moderators Posts: 41,857 Mod ✭✭✭✭Gumbo


    €2k insurance. I call shenanigans on that.
    She either is lazy and don’t shop around or she’s telling you porkies on her current or previous premiums.

    As demonstrated on the Tesla thread and FB, many Tesla owners are paying mid 300’s for insurance, myself included.



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  • Registered Users, Registered Users 2 Posts: 4,512 ✭✭✭sk8board


    I’m just telling you what she said. Can’t imagine why she’d lie, and she seemed genuine in how she expressed her shock at the new premium. She’s not interested in cars necessarily, I think she just wanted an EV, so a Facebook page of Tesla people is the last place you’d find her.

    in fairness she said the old premium was “€3-400”, so the Tesla might be 4x €300 = €1200.

    it’s just a white rwd, but to an insurance company that’s a 290hp/400 tq fast vehicle will a few years of claims and repair costs to see - and claims and repair costs are high as we know.

    It's like every M3 owner had a golf gti clubsport, or similar, to insure.



  • Registered Users, Registered Users 2 Posts: 6,459 ✭✭✭creedp


    As I said recently on a different thread, the insurance industry is like the wild West. Anything goes depending on the day. I insured an M3 earlier in the year for €150 less than my previous years smax premium.



  • Registered Users, Registered Users 2 Posts: 1,139 ✭✭✭Exiled Rebel


    Strange. I drive a 1.0 Ateca. When I insured it with Aviva in July I changed the details afterwards for the craic to a RWD M3 and it came back as saying no change in premium which was €350. I am a male with 25 years no claim experience but this is the first year with a policy in my name. As another poster said it's the wild west out there.

    Strangely when I changed the details to RWD KIA EV6 (Earth) it declined to give me a quote.



  • Registered Users, Registered Users 2, Paid Member Posts: 21,839 ✭✭✭✭Cyrus


    to be fair thats indicative of her failure to shop around rather than anything else,

    as Gumbo has said (and you can see from the long thread here somewhere) most tesla owners are paying pretty modest premiums for 3-400 bhp cars (as am i in a 408bhp audi)



  • Moderators, Society & Culture Moderators Posts: 41,857 Mod ✭✭✭✭Gumbo


    She should have shopped around. I know of many in her demographic paying the same €3-€400 for the RWD. I’m paying it on a LR and P.



  • Registered Users, Registered Users 2 Posts: 4,512 ✭✭✭sk8board


    maybe it’s a first year thing - I know it’s a thing with some really expensive cars that insurers don’t want you until year 2+.
    anyhow, who knows. That’s what she said.



  • Registered Users, Registered Users 2, Paid Member Posts: 21,839 ✭✭✭✭Cyrus


    its not a really expensive car though (relatively speaking or compared to what she changed to) she just didnt shop around most likely.



  • Moderators, Society & Culture Moderators Posts: 41,857 Mod ✭✭✭✭Gumbo


    Its a cheap new car at €38k.

    Shes also not in year 1 or 2 as you said she has 20 years plus NCB.

    But i agree, we will never know the truth….



  • Registered Users, Registered Users 2, Paid Member Posts: 13,534 ✭✭✭✭the_amazing_raisin


    Couple of interesting thoughts based on those graphs

    First, maybe put a colon after the groups. It took a minute to realise that Groups 3&4 weren't called Central Carlow and Semi Cavan. Those are my new names for those areas of the country 😂

    Second, I think strong sales in Dublin are always going to be expected. It's the easiest place to switch to EV as you probably don't have a 500km daily commute and many of the charging hubs are concentrated on routes to and from Dublin

    In addition there's been a push to install DC charging in the city so living without a home charger is becoming more feasible

    To some degree, a lot of the high paying jobs are concentrated in Dublin as well, so plenty of well paid tech workers willing to pay for the latest technology in vehicles

    Another observation is the uptick in sales in the Outer group, which is likely down to increased range in EVs and better charging hubs. There's probably some neighbour effect there, someone in Sligo sees their neighbour driving a Model Y, has a chat and begins to think EVs are a realistic option

    Anyway, great work putting the charts together, really shows the divide in sales in some areas

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



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  • Registered Users, Registered Users 2, Paid Member Posts: 6,770 ✭✭✭Buddy Bubs


    My insurance is 450 or 500 or something like that on a 400bhp Audi EV.

    It was similar enough on pretty much every car over last few years, A6 diesel, cupra born, Audi etron. Give or take a few quid.

    Something is up with that crazy insurance quote making Tesla 3 times as expensive as her previous car



This discussion has been closed.
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