Increase in Anti-EV Media Articles

Do they have a vendetta against ICE cars that can't afford.

I don't have a vendetta against Ferrari's because they are expensive and impractical for me.

In fairness that's got nothing to with EVs..

Let's look at 3 examples, according to AIG the top selling cars in Ireland in 2023 were

• Hyundai Tucson - Medium SUV - Starts at €37,795
• Toyota Corolla - Family hatch - Starts at €33,310
  
• Toyota Yaris - Small car - Starts at €26,330

EV equivalents

• MG ZS - Medium SUV - Starts at  €30,495 - €7,300 savings
• MG4 - Family hatch - Starts at €27,995 - €5,315 savings
• Fiat 500 - Small Car - Starts at €24,995 - €1335 savings

So the next time the significant portion of people you know make that claim simply point the above, could save them a few quid on their next car.

And that's before we talk about second hand deals

What car is this? I know of 75 to 55 drops, but not 50 to 30.

^ it also has 137000 km on it and is wrapped.

Oh sorry, my response was purely in relation to cost

I am all for EVs but recent price drops will leave a sour taste in many early adopters mouths and this will likely leak out to a willing media been paid to promote bad news stories about EVs.

As soon as I can afford one I will be getting one.

It really does depend on your timimg though, and how you define an early adopter.

I imported a BMW i3 in 2018, when EVs were still seen as a real rare exotic, and pre-Brexit was able to get it for €17k - I'd see myself as an early adopter.

Traded it last year for an MG4 and got €12.5k trade in.

The recent price drops didn't really affect the true early adopters - they affected those who bought when all cars, especially EVs were at a high price due to Covid production issues, and just prior to production and supply ramping back up. EVs took an especially large hit as at the exact same time Chinese producers like MG and BYD came to Europe.

So EV producers like Stellantis, VW and Tesla had been living a high price bubble hidden partially by Covid excuses - then the pin prick of BYD and MG came along to burst it. Tesla reacted quickly and mercilessly by slashing almost 20% off prices immediately, leaving all the others scrambling to find a place between 'bargain' MG prices and 'premium' Tesla prices.

So, yes, early adopters of the Gen 2 EVs have been caught out by a combination of Covid inflation, and sudden rapid competition - but that is now being turned into a fear that EVs will continue to rapidly devalue and also twisted by media that this is driven by fear of EV problems - as opposed to pure competition.

Odds are the prices have reached their new levels. MG and BYD can't really go much lower, and are only achieving their margins due to Chinese Govt subsidies - which could dry up as the Chinese market is satuated now. European manufacturers are struggling to make a profit at new level so can't really cut more. Only curve ball is Tesla, as Musk has shown to be unpredicatable, their share price is plumetting as suddenly they are producing more that demand (after years of not keeping up). He could suddenly decide on another big drop - but by all accounts Tesla cars are just barely profitable by unit.

I'll give you real world example. ID5 GTX asking 83k brand new at some stage in 2023, obviously didn't sell, that's etron 55 money, cars are not competitors, delusional money, my uncle enquired but said no thanks, ended up he bought it for his wife in late 2023 and ended up paying 51k for it registered as a 241, collected in January, still brand new. It went down to 58k then the big announced VW price drop they discounted it a further 7k with a simple phone call.

That's 32k off without it ever being a used car. I did the deal for him, the paperwork, the calls everything..

I wonder did anyone in the country buy an 80k+ ID GTX car, or even a 70k+ car....I really hope not. That's an awful wallop.if someone did

it should have been that price to begin with. The manufacturers lost the run of themselves and are paying the price now.

They’d need to do something to incentivise or reassure buyers of second hand vehicles now. People are afraid to make the leap.

Not an article but was chatting someone from the US this week who drives a model Y, he was saying his insurance doubled in a year and the insurance companies are putting it down to the cost of repairing evs - especially batteries.. hope its not the next 'good news' story to come this way