EV prices

pc-guy

pc-guy

pc-guy

Soldato
Joined
29 May 2005
Posts
5,011
Is it me or are the EV prices keep on going up every 3 months.

I placed an order for a Enyaq 80 but the same spec car now is £50k as opposed to the £44k spec.

Similarly for most EVs in the same sort of price range/market.

What is going on? Is it something that willl keep on happening and won’t end until there is a significant reduction in demand?
 
....the country is ******.

Better get used to foraging for wood to heat up pots of water to put in your bath by candlelight.

And if you want to travel environmentally friendly, get a horse.
 
Hard to buy materials and components to make anything, prices reflect.

I'm seeing raw material costs jump massively every month and I just buy bar, components are a nightmare too.
 
It's car companies jumping on the fuel price crisis. A base model ID.3 for example has risen ~£10k in the past 7 months.

Here is an example of used EV, Hybrid and ICE prices here in N. Ireland. I picked typical mid sized SUV types for comparison.

12 month old Kia Sportage ICE with 7946 miles = £19k

5 month old Kia Niro Hybrid with 860 miles = £25k

16 month old Kia Niro EV with 3355 miles, 39kWh version = £33k

10 month old Kia Niro EV with 7792 miles, 64,kWh version = £40k

These EV prices are a joke and you would never recoup that money back going for the EV over an ICE. It's pure capitalism jumping on current market forces. It is also not helped by the fact that Government EV grants and rebates have ended.
 
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ICDP said:
It's car companies jumping on the fuel price crisis. A base model ID.3 for example has risen ~£10k in the past 7 months.

Here is an example of used EV, Hybrid and ICE prices here in N. Ireland. I picked typical mid sized SUV types for comparison.

12 month old Kia Sportage ICE with 7946 miles = £19k

5 month old Kia Niro Hybrid with 860 miles = £25k

16 month old Kia Niro EV with 3355 miles, 39kWh version = £33k

10 month old Kia Niro EV with 7792 miles, 64,kWh version = £40k

These EV prices are a joke and you would never recoup that money back going for the EV over an ICE. It's pure capitalism jumping on current market forces. It is also not helped by the fact that Government EV grants and rebates have ended.
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The 39kwh e-Niro is 30k and 64kwh is 34k cheapest on autotrader.

It goes to show how well they hold their residuals more than their ICE equivalent.

You are correct that the premium over ICE is insane.
 
In terms of the Niro the difference in list prices is reflected in the used prices nothing more really, there's a big spread on Kia prices from factory, yes there will be dealers or private sellers that will attempt to get more, cashing in on the current situation, why wouldn't they if they have something that people want?

I'd never recoup the extra cost of an EV over a similarly specced ICE car I don't do enough mileage, financially a petrol car is better for the cars we like even now, but I have opted for electrified for greenish reasons, pushing the dirty air elsewhere at least as lets face it they are not really that much off an improvement over the life of a car for someone like me doing less than average mileage.

Plenty can recoup though, someone doing 12k a year on a cheap tariff would save 2.1k/yr, someone doing 18k would save ~3.7k/yr so they'd recoup eventually, like the old petrol v diesel debate its about having the right car for your purpose.

I used to do 25k and I was chomping at the bit to get an EV, course back then for that daily distance EVs that were affordable like the Leaf didn't used to be able to cope with that round trip :D

At the moment I think the premium is just early adopter cost and its starting to swing the other way, once ICE stops in the next few years there will be more alternatives to suit all budgets.
 
There is more to consider than dual savings, depreciation is usually the biggest cost of running a car in the first 3-4 years of its life.

Most people who bought (E.g. owned outright) a standard range Model 3 in 2019 are trading them in them for within +/-£1k of what they paid for them in 2019. That’s bangernomics levels of cost on a brand new car.

Even the car I bought in December I could sell for basically what I paid for it on a private sale.

Sure it’s not going to last, but while used prices are very high, depreciation is very low and it reduces the cost to own considerably.
 
Indeed in a market like there has been recently that is certainly true and not just for EVs, one of my colleagues got 10k back or something like that at the end of his PCP on an AMG35 (which is just an A class) leaving him up overall but that's just in these times of constraint, that won't be the case forever.
 
sandys said:
In terms of the Niro the difference in list prices is reflected in the used prices nothing more really, there's a big spread on Kia prices from factory, yes there will be dealers or private sellers that will attempt to get more, cashing in on the current situation, why wouldn't they if they have something that people want?
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The point is the EVs have not depreciated in price, but the ICE cars have. So there are zero savings to be had going to an EV and that will not enoucrage people to move to EVs. In fact my wife is looking a new car to replace our second lease EV. She does about 6-7k miles per years and I advised her to go with a petrol, as the EV will cost us far too much up-front.

With a used car budget of £25k she could have a BMW, 1 Series, 2 Series Gran Coupe, Merc A Class, MINI Countryman... or a short range Leaf/Zoe/e208/Corsa. Or she could get an ICE equivalent of those EVs for £10k less. Over 5 years of ownership she would be down roughly £4k-£5k just for chosing an EV. Lol the planet can go **** itself.
 
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They have depreciated, just not as much, there's perhaps a 5% difference between a Niro ICE and EV from 2020 looking at cars of similar age and mileage far as I can tell, when you look at actual list excluding PiCG discount.

Depreciation is low though and can't see it changing for a few years, so wouldn't even consider a GAP on something cheap like the Niro EV we have on order whereas on my PHEVs I expect more of a drop as the government chase those as the next planet killer after they have finished with diesel bashing and they become the next untouchable.
 
sandys said:
They have depreciated, just not as much, there's perhaps a 5% difference between a Niro ICE and EV from 2020 looking at cars of similar age and mileage far as I can tell, when you look at actual list excluding PiCG discount.

Depreciation is low though and can't see it changing for a few years, so wouldn't even consider a GAP on something cheap like the Niro EV we have on order whereas on my PHEVs I expect more of a drop as the government chase those as the next planet killer after they have finished with diesel bashing and they become the next untouchable.
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With the development of carbon-neutral synthetic fuels that can be used in ICE, my thought is that EVs full stop will be the next big-bad. But as we will have already gotten rid of most ICE powered vehicles, we'll all need to by new ones, ones fitted with tracking GPS, automatic speed controllers. All ready for road pricing rather than VED.
 
Why wouldn’t you get GAP?

replacement new car gap could we well worth it as list prices are spiralling at the moment, that applies to ICE and EV.
 
ICDP said:
It's car companies jumping on the fuel price crisis. A base model ID.3 for example has risen ~£10k in the past 7 months.

Here is an example of used EV, Hybrid and ICE prices here in N. Ireland. I picked typical mid sized SUV types for comparison.

12 month old Kia Sportage ICE with 7946 miles = £19k

5 month old Kia Niro Hybrid with 860 miles = £25k

16 month old Kia Niro EV with 3355 miles, 39kWh version = £33k

10 month old Kia Niro EV with 7792 miles, 64,kWh version = £40k

These EV prices are a joke and you would never recoup that money back going for the EV over an ICE. It's pure capitalism jumping on current market forces. It is also not helped by the fact that Government EV grants and rebates have ended.
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You need to have the prices in the context of their new prices otherwise your post is just a moan.

Resident said:
With the development of carbon-neutral synthetic fuels that can be used in ICE, my thought is that EVs full stop will be the next big-bad. But as we will have already gotten rid of most ICE powered vehicles, we'll all need to by new ones, ones fitted with tracking GPS, automatic speed controllers. All ready for road pricing rather than VED.
Click to expand...

Is that the forecourt that sells hens teeth or unicorn horns?
 
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