EVs... no one wants them!
Discussion
Leicesterdave said:
bennno said:
What do WBAC offer?
£24k.Bought for £36k in August.
I paid 36k for a New Ionic 5 and it’s 33k on wbac so it’s not universal on all EV’s
Leicesterdave said:
£24k.
Bought for £36k in August.
In Pre Covid times, if you purchased a car for £36K and sold it to a dealer six months later how much would you have likely been offered for it?Bought for £36k in August.
If sales of new ones are starting to slow down (hence why Tesla and Ford have recently lowered prices) then this is obviously going to massively effect the second hand values.
Interesting that manufacturers are moving their range quickly to full EV, yet dealers are saying the sales have fallen off a cliff.
Joey Deacon said:
Leicesterdave said:
£24k.
Bought for £36k in August.
In Pre Covid times, if you purchased a car for £36K and sold it to a dealer six months later how much would you have likely been offered for it?Bought for £36k in August.
If sales of new ones are starting to slow down (hence why Tesla and Ford have recently lowered prices) then this is obviously going to massively effect the second hand values.
Interesting that manufacturers are moving their range quickly to full EV, yet dealers are saying the sales have fallen off a cliff.
New EV sales - there is a market, mostly company cars for the BIK advantage but also some private sales.
Used sales on cars 2,3,4 years old to private buyers.
Nearly new, few months old, EV to a private buyer who buys that, it's pretty niche at the moment.
rallye101 said:
Doesn't it currently cost roughly £50 for an 80% top up of teslas at motorway services? This is what scared me off...that and winter range in cold temperatures
No, it doesn’t.Current cost is around 41p/kWh so that’s around £16. Not that you’d ever charge from zero. And if course home charging would still cost in the region of £2.80 for the same 0-80%
page3 said:
No, it doesn’t.
Current cost is around 41p/kWh so that’s around £16. Not that you’d ever charge from zero. And if course home charging would still cost in the region of £2.80 for the same 0-80%
Demonstrates the real problem though. Most people vastly over estimate the problems with owning an EV making them less attractive second hand. I am assuming by the time we want to move our Tesla on the vast majority of cars will be EV so these attitudes will have gone.Current cost is around 41p/kWh so that’s around £16. Not that you’d ever charge from zero. And if course home charging would still cost in the region of £2.80 for the same 0-80%
We've had ours since September. Done 2452 miles. Charging costs: £245. That includes some supercharger use going up to Aberdeen and back from Harrogate.
Leicesterdave said:
If you're thinking of trading in your EV anytime soon don't bother!
2 VW dealers this am wouldn't touch my Cupra Born. I have never in 23 years had a dealer refuse to take my car in part exchange, never!
Dealers simply don't want EVs and I have to admit that of course it's scaring me as I need to sell but the loss is far too great to bear.
I hope the situation improves over the next 6 months or so....
News article with some explanation here2 VW dealers this am wouldn't touch my Cupra Born. I have never in 23 years had a dealer refuse to take my car in part exchange, never!
Dealers simply don't want EVs and I have to admit that of course it's scaring me as I need to sell but the loss is far too great to bear.
I hope the situation improves over the next 6 months or so....
https://www.am-online.com/news/used-cars/2023/01/3...
I expect they'll resume accepting EV trade-ins in a month or two, once the values have stabilised at a lower level. Just a temporary thing with the recent volatility of values making EVs too risky for them to stock.
page3 said:
rallye101 said:
Doesn't it currently cost roughly £50 for an 80% top up of teslas at motorway services? This is what scared me off...that and winter range in cold temperatures
No, it doesn’t.Current cost is around 41p/kWh so that’s around £16. Not that you’d ever charge from zero. And if course home charging would still cost in the region of £2.80 for the same 0-80%
PurpleFox said:
£2.80 to top up from 0 to 80% are you sure? Depends on the car model and your tariff of course but if you had a P100d, that's 80kwh from 0 to 80% so £27.20 at todays capped rate of 34p per kwh.
Surely no-one relying on home charging with an EV is using a typical tariff? Every single EV and even PHEV owner I know is using a tariff with an overnight cheap rate.I'm currently still on the 7p night (23:30-05:30) 37p day rate (Intelligent Octopus). 20-80% costs me around £3.00.
page3 said:
PurpleFox said:
£2.80 to top up from 0 to 80% are you sure? Depends on the car model and your tariff of course but if you had a P100d, that's 80kwh from 0 to 80% so £27.20 at todays capped rate of 34p per kwh.
Mine is the Model 3 SR+ so 50 kWh approx. Using Octopus Go.They make most sense when owned as a company car due to the BIK tax and when you also have an ICE car for the longer journeys.
New buyers are either leasing them because of the BIK tax, or because they are wealthy enough to have it as a second car. Second hand buyers don't want them because as an only car they just don't work, especially if you don't have off street parking.
Look at all the early Leafs, where are they? Not being used as at 10 years old the battery range is terrible and it is too expensive to replace them.
EVs are the new mobile phone, use it and throw it away once the batteries are dead.
Ultimately the majority of people buying/leasing an EV has been company car drivers (BIK) and early adopters, there were some financial incentives to get people into EV's and those have all but gone.
Electricity is no longer a cheap energy source, the infrastructure doesn't exist for the majority of people (especially people with no driveways) and the cost is prohibitive plus road tax is payable or will be shortly. I'm not sure now but I recall many months ago that getting a charger at home was nigh on impossible as there was either a backlog of installs or lack or chargers, is this still the case?
This is now the perfect storm, why pay more for less and manufacturers having to drop prices only extenuates the problem further.
There's a private car dealer a few miles away, he's had a model 3 on the forecourt for around 12 months now, other ICE cars are getting moved on the but the white model 3 stands out, seems the rest of the market is catching up.
Electricity is no longer a cheap energy source, the infrastructure doesn't exist for the majority of people (especially people with no driveways) and the cost is prohibitive plus road tax is payable or will be shortly. I'm not sure now but I recall many months ago that getting a charger at home was nigh on impossible as there was either a backlog of installs or lack or chargers, is this still the case?
This is now the perfect storm, why pay more for less and manufacturers having to drop prices only extenuates the problem further.
There's a private car dealer a few miles away, he's had a model 3 on the forecourt for around 12 months now, other ICE cars are getting moved on the but the white model 3 stands out, seems the rest of the market is catching up.
paradigital said:
Surely no-one relying on home charging with an EV is using a typical tariff? Every single EV and even PHEV owner I know is using a tariff with an overnight cheap rate.
I'm currently still on the 7p night (23:30-05:30) 37p day rate (Intelligent Octopus). 20-80% costs me around £3.00.
I'm not. The offset against our daily usage higher costs means it doesn't make sense for us. Unfortunately, few people actually do the maths to see what works for them, they just lazily digest whatever the politicised media or "Dave down the pub" tells them.I'm currently still on the 7p night (23:30-05:30) 37p day rate (Intelligent Octopus). 20-80% costs me around £3.00.
Trent Nova said:
There were nearly a dozen used Taycans are my local Porsche dealer yesterday, when I'm pretty sure towards the end of last year they were like gold dust. They were still massively expensive mind.
Mine is being traded in end of this month as my new one arrives and their trade in price has dropped £10k+ since just before Christmas. I'm looking at selling privately as it seems worth the effort but private prices have taken a hammering too. I wouldn't be touching an EV if it wasn't through my company and I didn't get free charging at the office.Joey Deacon said:
page3 said:
PurpleFox said:
£2.80 to top up from 0 to 80% are you sure? Depends on the car model and your tariff of course but if you had a P100d, that's 80kwh from 0 to 80% so £27.20 at todays capped rate of 34p per kwh.
Mine is the Model 3 SR+ so 50 kWh approx. Using Octopus Go.Cheap overnight tariff is pretty common. Even working from home we shift 40% off-peak and save a fair bit.
Off-street parking definitely helps. I'd personally not want to run two EV's without.
CrippsCorner said:
Indeed.
This is why I buy cars for £4k run them for 4 years and then sell them for £4k again
Got burned with depreciation once, and vowed to never again lol.
My first new car and will be my last!This is why I buy cars for £4k run them for 4 years and then sell them for £4k again
Got burned with depreciation once, and vowed to never again lol.
My other half has a Suzuki swift worth a grand. Best shed ever. To be honest I love driving it.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff