Further price reductions for the 2024 MY
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Further price reductions for the 2024 MY
Too late given Tesla dropped their price again as well.Quote:
Originally Posted by HSE2
https://www.racq.com.au/articles/evs...wo-ev-models#:Quote:
Originally Posted by HSE2
Dropped a fair wack but more inline now with competitors. Still a bit pricy though for what it is, especially the GT.
Thanks Colville.
There has been some recent coverage on stick not moving against the BYD growth and a general decline in consumer interest that's not just EV specific.
Also come first of July the LCT threshold is adjusted again with Evs especially enjoying a larger limit.
Yes, I tend to agree with that sentiment.Quote:
Originally Posted by HSE2
Ive had several people ask how I feel after EV demand is reported as tanking. I decided to look up some actual sales statistical data and according to this EV sales in Australia they are up compared to the same period last year.
For example, if I just look at Volvo they sold out of their complete annual allocation for some of their new model EV models already, admittedly, that is only 1300 cars. Our XC40 version continues to sell in consistent numbers (around 130-150 cars per month), or around 500+ since the start of 2024.
I think Telsa, as a volume player got caught out by ramping up their stock levels, new models launches overlapping with old stock, LCT thresholds/gov cash backs/benefits changes and the cost of living crisis impacting consumer habits, Elon's actions on X and by the mainstream Chinese competitors (BYD) saturating the market with mid-size EV's directly aiming at the model 3 & Y. kypez might have more insights on this than I do.
Niche/prestige brands making EV such as Volvo, like Audi, Merc etc are not direct competitors with the likes of Tesla/BYD. I would also put the Mach E into this category. They all sell EV's in much smaller numbers here in Australia, at least.
I’m personally not convinced that this is a sign that the market has suddenly turned-on BEV vehicles for being a 'scam' or environmental 'con'.
Leaseplan were at pains to point that out in our last meeting with them. Volumes are up year on year, just not the exponential rise they saw last year.
Predicting where resale will be at the end of a 3 year lease is a headache, but that's more an issue in a fleet environment rather than a personal use environment where the lifespan is more than 3 years.
They have their uses like any product. May not be universal yet, but they are a lot closer than where they first started. As technology improves and infrastructure and generation catch up adoption will keep increasing