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?
 
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.
 
PHEV is the best in terms of middle ground only if you have short commute to take advantage of the electric range. But those batteries will be hammered pretty hard so don’t expect them to last as long as full EV. Obviously there is no range anxiety when it comes to those longer journeys that most people seem to do a few times a year.

Also public chargers (expensive fast chargers) aren’t for your normal daily use unless you can’t access 7.2kW type 2 charging or granny charging.
 
ICDP said:
Just been checking autotrader and the price difference for a 2 year old Corsa vs a Corsa E is a joke.
2020 Corsa with ~20,000 miles = £13k
2020 Corsa E with ~20,000 miles = £22.5k
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I would never buy a corsa ICE version for £13k new let alone used :)
 
I think there will be a huge recycling industry a few years down the line. It is only a matter of time.

Unless the hydrogen fuel cells cars can really take off - which doesn’t seem to be the case, EVs are here to stay tbh. And decarbonisation will happen through the grid
 
yeah repurposing and recycling are very different concept.

Whilst Repurposing makes sense if the battery packs have significant remaining life to be useful. but chances are if a battery pack is taken out and deemed not fit for use, it is more than likely to be recycled. the new batteries are modular so there is good chance some of the cells will be ok while others are crap.
 
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