2024 Irish EV Sales

I am sorry but that makes no sense whats ever.

people don't realise how much FUD is impacting evs, it's everywhere

Picked up my id4 pro plus yesterday. Traded in a id4 gtx 222, I dealt back in April. 500 euro in and Pcp staying more or less the same. The pro plus is a 49k car minus 3k grant, the gtx in August 22 was a 68k car. When I bought was 58 minus 5k grant.The new id4 has much better software and 286 bhp on tap versus 199 in the gtx which had 299 under certain battery conditions>80% certain temps etc. the software and infotainment is much improved in the 2024 model. I did phone a few other garages at the time and they wouldn't take my car in trade in. Wasn't panicking as still had another year on Pcp. Feel like if I'm changing in 2 or 3 years again dust will have settled on the market. Some dodgy man maths with nighttime charging at home reckon 46k km cost us approx 800 euro versus what say an equivalent petrol or diesel would have cost about 4500 in fuel

I'd have described it as an expensive case study more than intriguing! What car is she currently running? The difficulty and expense of getting rid of an EV at the moment might hopefully put an end to it though

Sounds like a good deal considering all that’s happening in the market. What was the estimated value of the GTX when you did your deal ?

That’s a slightly Andrew Tateish viewpoint (as are done of the comments above by others). Buying a car is an utterly subjective and personal choice, whether it is the colour, interior or powertrain.

I suggested to my wife we could get an ev in the past as her driving would accommodate it. She said no, she didn’t want to know about one, she liked the comfort of knowing she could easily refuel without faffing about with public chargers, even if it was only once a year. She also said she didn’t want a white car, wanted awd, and something that could move at a reasonable pace and had leather… all reasonable requests.

I think sales of EV will stay slow until the current price war stabilises. It has demolished consumer confidence and media have milked it for click bait.

It's interesting people are very curious about my changing...they were like how much did you lose, did they refuse to take the car back, how bad was the battery etc.. I was like I don't really care.. changing has cost me next to nothing.. I suppose if you are on Pcp I just look at the monthly payment and as long as that's the same or close enough and I haven't to put in additional money prices don't really matter. Everything is totally negative around EVs at the moment

the hybrid/phev was also the more sound financial decision…. There was actually no basis on which the ev made sense except in an evangelical one.

For some it will.

Many are waiting for the market to settle, nobody wants to buy a car when it might have it's price slashed the next month.

Tesla owners and id4 owners were hit badly by this, my own cupra born is now about 6k less than when I bought it.

Those that have not dropped yet there's a sense it's only a matter of time if they want to shift them in numbers.

So it's a stand off for many. Can't blame them

In the past, I’ve made car-buying decisions for my wife, and it’s rarely a smooth process. While I personally believe she’s making a questionable move by switching from an EV to a hybrid, I’ve learned to choose my battles. Her consideration of other people’s opinions also plays a significant role, and I’ve come to accept that. After all, it’s her money, and if she wants to pay for petrol while I continue enjoying my EV, that’s her prerogative.

Within her social circle, there’s an added layer of complexity. Observing how she adapts to driving an internal combustion engine car again might be enlightening for her friends and family. Families can be surprisingly competitive and complex, and while I don’t intend to gloat or prove a point to my wife, sometimes it’s best to let these dynamics unfold naturally. Perhaps when one of her families hierarchy eventually decides to invest in an EV, opinions will shift, and people will start making independent car-buying choices.

Until then I'll just bite my tongue the next time her uncle or step brother starts talking about EV fires at the dinner table. A lot of people are just really really stupid.

There can’t surely be a cheaper way of owning a car than buying it outright? I accept the pcp has really helped people where some of the deprecation seems to have been soaked up by the pcp contract, but that must be a mistake that won’t be repeated.

By my reckoning an “average” 50k car costs about 7k per annum in depreciation… most pcps at this level will be far more without some deposit trickery. The cost of credit for example on a Tiguan (a 50k car)is almost 7k alone for a 36mth pcp with zero deposit.

find someone doing 0 percent interest to shift their cars, aren't vw doing it on some evs?

Also you are looking at pcp repayments too simplistically just comparing the annual cost to annual depreciation you'd expect.

Most of the 0% deals are on hp which is a larger monthly commitment usually. I think I got 2.9% on my PCP which isn't to bad

Tesla site showing 0.9% HP at the moment, just lined up for my model 3 order which I had initially organised with a credit union loan at 4.9%, which would have cost nearly 5k in interest. 0.9% over 5 years is going to cost about 800 in interest over 5 yrs with 5k deposit down.

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 was probably saying?

So you predicted the current ev depreciation curve? You are rare sages.

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

that's all conjecture, only way to find out is negotiate both and see what works out better, even so it won't become apparent until 3 years later.

that’s cos there isn’t any value in them. I can see them collapsing in value second hand when the penny drops with people.