Am i seeing things?
Discussion
tedblog said:
Today Volvo released details of the xc90 replacement, the xe90 , it starts at £98k !
Who has the money for these normal cars?
I suppose the first owner (leaser) will have it for three years and pay about £10k more in that period than they would have done for the equivalent XC90. They'll save most of that vs paying fuel costs and justify the rest by having a newer and superior (and more 'on trend') car.Who has the money for these normal cars?
That and the fact that nearly all £60k+ EV's are bought by company owners who don't have to pay BIK on them right now. Once that market is fully saturated prices will come down as they'll then need to be selling to people that aren't in that position.
bigothunter said:
tedblog said:
Today Volvo released details of the xc90 replacement, the xe90 , it starts at £98k !
Who has the money for these normal cars?
Read somewhere that the average UK domestic budget for a private new car was £22k. Who has the money for these normal cars?
Only another £76k needed to afford that Volvo
tedblog said:
Today Volvo released details of the xc90 replacement, the xe90 , it starts at £98k !
Who has the money for these normal cars?
Our mk2 is pushing 90k miles now, so have been waiting for this to come out as willl be looking to replace the current car in a couple of years.Who has the money for these normal cars?
Was fully expecting it to be close to £100k. Wasn't disappointed I guess.
bigothunter said:
Read somewhere that the average UK domestic budget for a private new car was £22k.
Only another £76k needed to afford that Volvo
The most I've ever spent on a daily was £2.2k. Only another £76k needed to afford that Volvo
Given that provided a 3ltr BMW 3 series which pretty much hasn't missed a beat for 7 years. I can't see me owning an EV any time soon sadly.
bigothunter said:
SWoll said:
That's for the launch edition Ultra model with every option, the largest battery and most power.
You can pay £85k today for a PHEV version of the existing XC90 on Volvo's website, it's their flagship car.
It's a bargain You can pay £85k today for a PHEV version of the existing XC90 on Volvo's website, it's their flagship car.
mclwanB said:
I read an article today stating that Tesla makes 8x as much profit on an EV than Toyota does on an ICE...
I'm guessing that the prices will readjust at some point but while everyone is told EVs are really expensive they'll keep having to pay top dollar
That was an average across all cars so not really a useful comparison. Toyota go for volume and sell almost 11 million cars a year globally with prices starting at £12.5k in the UK. They're doing most of their business in a far more competitive sector of the market where magins are exceptionally tight.I'm guessing that the prices will readjust at some point but while everyone is told EVs are really expensive they'll keep having to pay top dollar
Edited by SWoll on Wednesday 9th November 23:00
Europa Jon said:
Supply and demand, chaps. The supply is far, far smaller than demand at present.
Yep, that plus the incentives being offered in the UK and elsewhere gives rise to price hikes = the manufacturer takes a decent % of the intended price reduction!And there's zero political will to interfere with high EV costs because the truth is it's costing billions for the industry to develop EV's and survive the transition from ICE to 100% EV, so it's being left to play out unregulated in terms of rising car costs, in addition to other global factors also ramping up costs.
I'm not suggesting there are villains at play here, it's just the set of circumstances that exist right now. Probably a good thing if it stops households of four casually running 3 cars.
On the supply, I’m not sure Volvo or Polestar have been as badly affected as the German brands. Someone I know wrote off a brand new Volvo recently and got a new one within a couple of weeks. Mind you, there seems to be plenty of unsold iX’s around too but there are perhaps some fairly obvious reasons why that car isn’t flying off the shelves.
£100k for a car like this does seem a tad pricey but it’s certainly on EV trend by being bigger, heavier, more expensive and with debatable design inside or out.
£100k for a car like this does seem a tad pricey but it’s certainly on EV trend by being bigger, heavier, more expensive and with debatable design inside or out.
DMZ said:
On the supply, I’m not sure Volvo or Polestar have been as badly affected as the German brands. Someone I know wrote off a brand new Volvo recently and got a new one within a couple of weeks. Mind you, there seems to be plenty of unsold iX’s around too but there are perhaps some fairly obvious reasons why that car isn’t flying off the shelves.
£100k for a car like this does seem a tad pricey but it’s certainly on EV trend by being bigger, heavier, more expensive and with debatable design inside or out.
The vast majority of the iX's for sale appear to be 2021 dealer demo/BMW staff cars with <10k miles (240 out of 259 cars for sale). There are 150 BMW dealers in the UK.£100k for a car like this does seem a tad pricey but it’s certainly on EV trend by being bigger, heavier, more expensive and with debatable design inside or out.
It's certainly a very good example of the issue affecting EV sales though IMHO. The vast majority of new Ev's will be going to company car drivers on 3-4 year deals. Trying to sell a year old example to a private buyer is a lot more challenging when they aren't going to be saving a considerable amount of tax via low BIK and salary sacrifice deals.
TheDeuce said:
I'm not suggesting there are villains at play here, it's just the set of circumstances that exist right now. Probably a good thing if it stops households of four casually running 3 cars.
Certainly if that means avoiding the purchase of three electric cars with their massive, embodied carbon footprint. Did everyone miss the news about global inflation and falling value of sterling?
Net emissions, thanks to offsetting. Offsetting isn't a bad thing, but it's badly manipulated by marketing departments.
delta0 said:
NDNDNDND said:
Certainly if that means avoiding the purchase of three electric cars with their massive, embodied carbon footprint.
He says on a thread for a car that is 0g from the factory. Gassing Station | EV and Alternative Fuels | Top of Page | What's New | My Stuff