What has happened Irish EV prices in 2024?
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- Опубликовано: 31 июл 2024
- Today I delve into the Irish EV sales figures for July 2024 and discuss the results. Why are prices dropping, why are new cars not being sold, is now a good time to buy?
#evcars #evmarket #irishev #tesla #byd# neo #electriccar #electriccars #teslaireland #bydireland 
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As a farmer these vehicles for us are useless, No guts, cannot pull anything, range with lights and heaters laughable.
Maintenance much more expensive if you can get it!
Towing it has taken in on a flat bed trailer.
Try driving a EV in the winter and autumn or at night as the range plummets by 2/5ths.
The cost of batteries and having them fitted is very expensive and the old batteries are classed as dangerous goods, flammable!
Charging them if your like us on a generator not mains you've had it.
As a rural vehicle no! Then for cities, yes
I don't understand why the push to electric cars if the country is not ready to support it?!
It's probably because of the EU ban on ICE vehicles from 2030. I personally don't think that will happen. Low C02 Hybrids are the way forward in my view
@@HobTecCars 2030? I thought 2035 was the EU one, no? Some countries are stricter though. The UK wanted to be as well, but we shall see... ;)
Technically the EU doesn't ban ICE vehicles in 2035, just to be clear. It mandates that they be net zero. All new cars and vans registered in the EU are set to be zero emission and therefore would have to be run on E-Fuels produced from green hydrogen- which is a terrible idea, because even if we had them in enough quantities, which we don't, it will be at least 5 to 7 times more energy intensive to filll them up compared to just charging an battery EV. Well, you could use biofuels but you just don't have enough of the stuff and - like hydrogen - you will need it in other areas more desperatly.
Well EU member countries signed on to the Paris agreement. The EU has also multiple bills and therefore laws that require it to hit certain reduction goals. Those will not be possible to achieve without achieving emission reductions in every area - including transport and mobility.
Why push them? Because it's a classic hen and egg scenario - how and why would you finance all the infrastructure without EVs on the road? You need to start eventually.
@jhkcreates8462 Thanks for the detailed comment. Really excellent points made here. The EU and UK committee to 80% EVs by 2030, which is an effective ban. www.forbes.com/sites/neilwinton/2024/06/20/european-2030-ev-sales-targets-slashed-again-raising-ice-ban-doubt/
I didn't know about the technical net zero. I guess technically it's not an EV ban. But at this point it's hard to see any other solution since EV vehicles are leaps and bounds ahead of other alternatives.
I agree about the problems with Hydrogen, it just moves the problem up the chain. Essentially until we crack Fusion power, there is a partial energy deficit somewhere in the supply chain. Whether it be fuel creation, transportation, or storage. Thanks again for the great points.
This all seems true to me but at the same time only true for now, a 2024 thing. I think these are adjustment issues, more a short term speed bump to the complete domination of EVs in the 2030s. EV tech gets better every year and production prices are falling in concert. Early adopters might lose out a bit on resale, but everyone else in the market should realise it's not their problem. Snap up an EV at a good price. Have to agree to disagree on buying a PHEV. Why? It's only after I bought an EV I realised range anxiety is a myth, and I live in Australia. Many PHEVs end up running on petrol and being a maintenance nightmare.
Thanks for the comment. I DON'T disagree with you with most of your points 😊
1. Ev range anxiety is a myth as I mentioned in the video.
2. I said the best value car in Ireland at the moment is a 3 or 4 year old Tesla M3.
3. Agree that PHEV don't suit everyone. But 50% of commuters in Ireland are within 16km of their work place. It's entirely feasible to charge at home and commute cheaply on the batteries.
They don't suit heavy motorway driving, so not for everyone. But the stats show in an Irish context they would work excellently. Factor that in with the fact they are about €15000 cheaper than an EV it's a strong argument for them.
You make a good point about early adopters. It should be a bell graph like any new technology. I'd argue in an EV context, the early adoption phase ended about 5 years ago. So it's worrying that there's up to 52% depreciation on 12 month EVs at the moment. We should be exiting the outer edge of that bell curve, yet there seems to be still instability in the market.
I'd love to come back in 1 year and do the same video again and see if this is a natural self correction or if eV sales are still sluggish?
Thanks again for the nice comment. Have a good day!
Not sure about your Tesla Model 3 price figure of €38k, they start (according to Tesla website - & Tesla do not discount) at €41k before options. Tesla M3 wasn't €48k last year, I bought one, including options the price was €45k .But getting back to the point of the video, 2 main issues, the Irish government tried to push EV on people, and have suffered a backlash due to this, & sadly the sheer noise of anti EV groups is unreal - even some dealerships, that really should know better, are just telling lies about EV & used EV. I see the Merlin car auction EV that you picked was a very used first gen Nissan Leaf - the worst of all EV. We own 2 EV, and save €250/mth on running costs - charging at home.
@marktoby8113 I test drove the entry level model 3 in Cork in late April 2024 and it was €38000 registered privately. They have since increased, you are correct as my family member bought one the start of July.
Thanks for the correction on the prices. It's something I only noticed when I put out the video that I was 3k out. You are correct.
The Merlin Auctions case was a worst case scenario I agree. However.... a 2012 vehicle is far too soon to be only scrap value. An ICE equivilant would atill fetch about €6000. I have 2004, 1991 and 1972 cars here that run with fine with little maintenance. I hate to see that early EVs are essentially scrap.
We can just hope that Gen1 EVs deserve to be forgotten about and that later revisions will have much improved longevity and can reach the 20 year mark like an ICE.
I didn't want the video to be an EV bashing piece, but rather an explanation of a volatile market. EVs are impressive and certainly have their place in Ireland, depending on geography and commuting distance, etc. You'll note at the end of the video I call out a 2019 or 2020 Tesla 3 as being the best value used car you can buy at the moment.
Thanks for the comment, hope you enjoyed the video
Those tariffs haven’t been imposed yet
Drops in Tesla prices is a topic for owners who purchased previously at higher prices, but not for buyers of new Teslas in 2024 who are now getting a better deal. The Model 3 RWD in Pearl White is currently discounted by about €2,400. The price is €38,605.38 + €250 deposit, so €38,855.38 on the road. The FWD and Performance models are more expensive than list by a few thousand, and different colours are up to €2,000 extra.
In comparison a less well equipped and much lower performance Toyota Corolla Saloon Sol, Pearl Ice White colour (same as the Tesla) is priced at €40,725 + perhaps €1'500 delivery charges, so €42,225 on the road.
As government pressure on motorists to move to EVs increases, it's reasonable to expect a Model 3 or Y purchased today to retain its value at least as well as the Corolla, and possibly better over the coming years. Unless the Tesla price keeps dropping dramatically, which judging by the big fall in profitability at Tesla is not possible. Having test driven the Model 3 I can understand why it has been awarded 'best buy' and 'best car' 2024 by several car magazines following a comparison with the competition.
A Tesla bought new today and disposed of at three years old still has one year's factory warranty on the car, and five years on the battery which should help resale value. Today, an EV with a range of minimum 500 km will suit perhaps 50% to 60% of Irish drivers who do not drive excessive km and have a home charging possibility, the remainder should be free to drive diesel or petrol pending the arrival of EVs which suit their requirements, and better charging arrangements, should that happen. Moving from my diesel which has regularly achieved 1,500km on a tank while on holidays on the content, the only real disadvantage of Tesla ownership is the shorter range which in my case means planning recharging on one or two longer journeys each year. Like the majority of people I don't tow a one tonne trailer, don't drive in -10C, don't do 50,000 km per year traveling to remote parts of the country; the Tesla is fine for me. Horses for courses.
Very good and informative video. Thanks a lot.
@@conradbo1 Appreciate your kind words, have a lovely weekend
BYD announced that one of their biggest factory will be built in Turkey Q3 2025. That means, the additional EU tariff will not be applied. MG is also planning to built another EV factory in Turkey too.
@lizardtech Thanks for the comment LizardTech, good to know that information. Experts predict avoiding EU Tariffs could drop EV prices by up to ~35%.
All new cars in my area are all Hybrid and none are EVs
Europe wanted to sell German cars all over China for the last two decades, and when the Chinese learned to make better cars, the Europeans are preventing them from selling their cars in Europe, and then Europe calls themselves democratic, freedom and equality loving blah blah blah.. Until Asia was under developed, Europe and America kept on talking about globalization, global village, global market, border less market, open market etc etc. Once Asians started making better products, Europeans and Americans now accuse Asia of over producing, dumping, etc etc. Why can't you westerners learn to compete and win?
@vsr3777 I totally agree 👍
Open competition is very healthy.
By the way I'd argue Japan (Asia) has been making superior cars to the rest of the world for the last 60 years!
Most PHEV aren’t great to drive unless you spend huge money and they’re not economical on long journeys. Electric cars are very refined and great fun to drive
I disagree on that point. A Tesla 3 in my view is a far less refined driving experience vs a high end PHEV hybrid. EVs are too heavy for a pure driving experience (in my view). The 2 aren't comparable. A EV weighs almost twice as much a PHEV. How the cars react in tight corners under braking is completely different.
Yes Hybrids aren't great on long drives, especially motorway driving. But if your commute is
@@HobTecCars in some respects PHEVs can combine a lot of the upsides of both. Range because of the energy density of fuel, EV acceleration, quietness when driving on battery etc. But they also combine all the negatives: You have two complicated drivetraines, which means more stuff can and will break, you have an additional battery which is just more ressources needed when the car is being produced, the battery is also small which means limited range and more wear and tear on it compared to a well managed battery in a pure EV with the same battery chemistry, because for the PHEV to get decent electric range you will have to fully load it, which is pure stress for the battery.
On top of the impact on the production side the emissions while driving are also unfavourable:
If you drive them wrong the CO2 impact of a PHEV will be as bad or worse of a petrol or diesel ICE vehicle ...and if you drive them right the car will have to force you to burn stuff, because your fuel will go bad otherwise and stuff ;) I agree that a PHEV makes sense for some people - and in countries where fuel is cheap it's especially tempting- in the next 5 to 8 years, but in the long run it's a really dumb idea.
The Irish? All over the world except China perhaps
PHEV will only make sense for people who do small mileage and will plug in every day... and are willing to pay for the inefficiency of a car with 2 drive systems that weigh more than just one efficient one.
Agreed that PHEV does not suit long driving. The CSO figures say the average commute distance in Ireland is 16km. That means that 50% of commuters in Ireland could be commuting for free on an PHEV. New PHEVs are offering 60km range on battery. It's a win / win for the average commuter.
bring down the cost of bio fuel great video well done
@@tignua4321 Thanks a lot 🙂
Rolling out biofuel in a lot of countries would be a great start, nevermind making it cheaper :D
It's even hard to get the stuff in large enough quantities right now, and will be essentially impossible in the long run. We need HVO100 et al for the spaces where EVs REALLY don't work - and won't for a long time, if ever - and individual motorized transport is not one of them.
I'm not convinced on the wording. I personally only know of one person who moved back to an ice car from an EV. Could the uptick in ice sales be people moving from another ice car? Now that the post pandemic supply chains have stabilised, your not waiting a year for your car, people held off their purchase. My place of work as 30 EV charging points, if your not plugged in by 7am then your not getting a spot. Buying a new car of any kind is a money pit.
@MosesKaldor You make good points, I don't disagree with you. In Ireland specifically the Irish Government had bet on continuous steady EV growth until 2030. Since ICE car sales are up 25% from last year the implication is that less people are swapping to EVs. That's worrying from the Government's stand point as Car Sales in general are up from last year. Perhaps it's a temporary glitch while world shipping stabilises. Only time will tell. However if you read the news in the last week, you will see VW and Toyota increasing investment in ICE cars. To me that also suggests a lack of confidence in EVs in the current climate.
Buying a new car at the moment is expensive business for sure. 👍 Thanks for the informative comment
@@HobTecCars VW and Toyota are just hoping they can buy time because they are behind the curve on EVs hoping to get the most out of their ICE assets in the meantime. Wouldn't see their comments it is as a reliable analysis of the future market, especially Toyota.
@@HobTecCars Thank for the reply. It's refreshing to have a polite discussion.
Buy good second hand any vehicle
Do they still have a engine mount to fit a petrol engine in 😂
@RetroYamaha My understanding is.... no. However, I'd love some Hybrid EV batteries in my daily🔋