New EV deals - are they nearly used ICE car priced now?

[Time Waster]

My partner googled electric cars recently and a Mazda CX or MX 30 (can't remember which letters it was really) that was a full EV with 124 milee range 35.8 battery for £15k brand new. Is this for real???

I looked at the Mazda site and the same car started at £20+++ and nowhere near the £15k area. I looked at used and there are 2024 and 2023 cars for £15k. One was £15k with 800 miles and 2024 registration year.

So my question is, are EVs currently being sold for less than ICE prices right now? I heard something about thee makers needing to sell a certain percentage of all cars as EVs by a certain date or face huge fines per car made/sold. Is this causing them to drop a lot on each one right now? Is it a good idea to get an EV right now if you find such a deal?

We are selling our camper van next year and loooking at getting a car. We hope to have a £15k budget possibly more but want something reliable that won't cost a lot to keep going. Now we have no idea about servicing EVs and the other issues like if there is a fault on the new or nearly new EV and it is a warranty job. Do we just go to any retailer? If the battery and range is lower than it should be by quite some way, is this a warranty issue? Would a local dealership handle it or will we end up having to go to a certain place possibly at the other end of the country? We are really trying to find out the issues, positives and negatives to going EV either new or nearly new.

At home we have solar panels and FiT tarif payments. If we get an EV we will probably need a charger to be put in. I heard that thee old Fit payment scheme was so good that there are implications with a car charger that could make these payements invalid or break the contract. So we would not get thee FiT payments or have to go on another scheme that is not as good or have to change something about it. Anyone know about the contrraactual issues with solar panels, FiT tarifs and EV chargers? How much aree chargers to get installed? Are EVs cheaper to run at the moment?

Loads of Qs so probably need a EV 101 course to understand it all properly.

 

[CXRAndy]

Manufacturers have to sell 20% of EVs or face big fines or buy carbon credits from total EV makers eg Tesla.

Currently they sell around 15%.

There is talk of car makers increasing price of ICE to put off buyers and steer them towards EV either full battery or hybrid.

Re servicing, most EV require very little in the way of service.

I've just done the first brake job on the wife's Tesla, it has 106K miles, we've owned it from new.

4 sets of tyres that's all.

Most cars have 60-100k miles full warranty for 3-5years

Most batteries come with around 8 years and 100-150k mile warranty.

I would say you can get a nearly new from £12-18K with low mileage.

 

[fossyant]

Depreciation is massive on nearly new EV's so are a good buy if you plan to purchase a used one.

 

[fossyant]

Not so good if you buy a new one, but most are leased anyway !

 

[Jameshow]

As I've said before there will become very little difference between cars in future the motors batteries will be much the same and the driver interface and styling will be different. Tesla accepted much like Apple Vs Android.

 

[fossyant]

In the future - OP needs a car soon.

 

[Jameshow]

In the future - OP needs a car soon.

Even so considering ev are little more than badge engineering... The batteries / motors will all come from the same factories. Controllers will probably be customised.

I'd be looking carefully at dealer customer service as any issues are likely to be electrical and needing dealer understanding and cs...

 

[Time Waster]

We were looking at Honda crv or hrv in diesel or petrol but if there's something remotely close in size in ev for similar money £10-15k then perhaps it's a possibility.

The one question is range. What is typical in family ev size? Is 124 mile range not a little low? What is the lowest range you'd consider?

BTW our use is typically local up to 30 minutes with once monthly trip across the country and north then back in a weekend. Then summer and Easter camping trips. Mostly I think 124 miles range is OK. Even the trip cross country is about 90ish miles. Whilst it's likely to create range anxiety until we get confidence in actual range achievable, I think it's doable one way in one go. I just feel it's a bit low for holidays away though.

What's your view on range?

 

[Drago]

A purchase price comparison alone is misleading.

Mrs D saves about £350 a month over h wat she was previously paying for DERV.

Even though an E car might cost more new the ownership savings overall from month to months are significant

Depreciation is massive on nearly new EV's so are a good buy if you plan to purchase a used one.

That was brought about over the last years due to oversupply. Prior to that they held their value very well, and the depreciation is now slowing significantly and that dog isn't barking as loudly as it did even three months ago.

New is the way to go. Manufacturers have legally binding targets to sell  xyz of their output as EVs and theyre failing badly and are facing significant financial penalties if they do. As year end approaches tales abound of massive discounts on new in-stock motors as they desperately try to shift units.

So to answer Time Wasters question...yes, in many cases new cars on the forecourt ready to go out the door are in many cases being offered with obscene discounts for those willing to do the deal quickly.

 

[fossyant]

Even so considering ev are little more than badge engineering... The batteries / motors will all come from the same factories. Controllers will probably be customised.

I'd be looking carefully at dealer customer service as any issues are likely to be electrical and needing dealer understanding and cs...

Quite. My neighbour has bought a £25k SUV hybrid from some obscure Chinese manufacturer I'd never heard of. Given how often she bangs up her cars, she's going to have a wait for parts.

 

[vickster]

We were looking at Honda crv or hrv in diesel or petrol but if there's something remotely close in size in ev for similar money £10-15k then perhaps it's a possibility.

The one question is range. What is typical in family ev size? Is 124 mile range not a little low? What is the lowest range you'd consider?

BTW our use is typically local up to 30 minutes with once monthly trip across the country and north then back in a weekend. Then summer and Easter camping trips. Mostly I think 124 miles range is OK. Even the trip cross country is about 90ish miles. Whilst it's likely to create range anxiety until we get confidence in actual range achievable, I think it's doable one way in one go. I just feel it's a bit low for holidays away though.

What's your view on range?

I wouldn't buy an EV with less than 200+ mile range myself, especially as range is lower in winter when colder and lower in summer with AC? I wouldn't trust a 124 claimed range for 90 miles, but then you can always charge on the road once they sort the infrastructure out (still poor in more remote areas around the edges of the the country based on a map I saw the other day).
Go out to a few dealers and test drive a few 👍🏻

 

[Gunk]

Mrs D saves about £350 a month over h wat she was previously paying for DERV.

We are about the same (but that includes savings with the ŠKODA Citigo which we swapped at the same time), I do about 12000 miles a year now, we didn’t use any public chargers last month and total electricity to charge the car was about £25.

As a lifelong car enthusiast I never thought I’d say this, but I do really like driving an EV, it’s relaxing, quiet and performance is on tap at any speed without having to worry about what gear your in. I still get my visceral fix from my motorcycle and can’t imagine riding an electric bike but for the type of driving I now do my current fleet of an EV and a small ICE city car works perfectly.

 

[icowden]

Don't forget that we are now starting to enter a period of time when a lot of lease EVs will start to enter the second hand market - that will also help to provide a large number of affordable, good quality second hand EVs.

 

[icowden]

I wouldn't buy an EV with less than 200+ mile range myself, especially as range is lower in winter when colder and lower in summer with AC? I wouldn't trust a 124 claimed range for 90 miles, but then you can always charge on the road once they sort the infrastructure out (still poor in more remote areas around the edges of the the country based on a map I saw the other day).

I'm the same but you also have to consider your use of the car. If it's just a runabout for local trips you won't have a problem with lower range. We had a leaf for nearly 4 months with a 150 mile (optimistically) range. It was fine for 98% of journeys. The only problematic journeys for me were one past Birmingham and one to Exeter. In both cases, only just enough range to get to where I wanted to charge. In my case I'd choose a car that can go down the motorway and get to Birmingham from Surrey without needing a charge, so that I can use the BP megahub. So as with you 200+. On the flip side, I only need that range for 4 or 5 journeys per year.

Go out to a few dealers and test drive a few 👍🏻

Definitely this - and also take note of how the dealers treat you.

 

[Gunk]

Definitely this - and also take note of how the dealers treat you

Lower your expectations, my recent experience was pretty depressing, they’re all about 22 years old and don’t like looking up from their computer screens