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Honorary Master
Volvo is a Chinese brand now.
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Question of the Day: Which car insurance company do you use?
Electric car sales picking up speed in South Africa
- Thread starter Jan
- Start date
wingnut771
Honorary Master
Finland? Sweden?
FiestaST
Honorary Master
OK, so I didn't say start buying EV's, I said stop buying ICE.
(If I'm right, we'll be about a year behind the "first" world on the same trend)
People are gonna hang onto their old cars and wait for the EV availability to increase and prices to drop. The Chinese are coming. And they have ****loads of EVs at good prices.
You can't take a few outliers and assume everyone has R1 bar to drop on a new Ford Ranger.
Let's look at the sales volumes of new vehicles for March 2023. I only have a list of the top 40 but that's probably a good enough sample set to get an idea of what the majority of people are willing to pay for a new vehicle.
Here are South Africa’s top selling cars in March
The new Ford Ranger has reignited the bakkie wars but the Toyota Hilux still rules
www.timeslive.co.za
I obtained the base cost of all the models since the list doesn't break it down into specific build specs.
Out of a total of 36389 units sold only 6717 or 18.5% were above R500 000.
29673 units or 81.5% were priced below R500 000.
Now take into account that this doesn't include second hand car sales which sell at a ratio of about 2:1 (old to new) and the average price for a second hand vehicle in 2022 was R423 964.
I wager than at least 90% of all car sales fall into the under R500 000 category.
So if all the buyers of new passenger vehicles above R500 000 switched to EVs you'd only end up with maybe 10% of all new vehicle sales being electric and then the market would be saturated. The prices of EVs need to drastically drop before there will be mass uptake.
Model | Volume | Base price |
BMW X3 | 432 | 1035000 |
Ford Everest | 317 | 848300 |
Toyota Land Cruiser Pick Up | 406 | 749200 |
Toyota Hi-Ace | 1541 | 722300 |
Toyota Fortuner | 1409 | 673100 |
VW Tiguan | 364 | 629500 |
Ford Ranger | 2247 | 510700 |
VW Amarok | 401 | 499000 |
GWM P-series | 372 | 497750 |
Haval H6 | 572 | 484750 |
Chery Tiggo 7 Pro | 395 | 442900 |
Isuzu D-Max | 2289 | 431800 |
Nissan Navara | 475 | 406500 |
Toyota Corolla Cross | 1839 | 404400 |
VW T-Cross | 850 | 399000 |
Toyota Hilux | 3920 | 356600 |
VW Polo Sedan | 359 | 349900 |
Haval Jolion | 940 | 344950 |
VW Polo | 1008 | 343100 |
Kia Sonet | 670 | 338995 |
Toyota Corolla Quest | 753 | 326100 |
Hyundai i20 | 604 | 318900 |
Hyundai Venue | 340 | 314900 |
Ford EcoSport | 280 | 311400 |
Chery Tiggo 4 Pro | 918 | 308900 |
Mahindra Scorpio Pik-Up | 966 | 266499 |
Suzuki Ertiga | 491 | 265900 |
VW Polo Vivo | 2016 | 252500 |
Toyota Starlet | 1276 | 248400 |
Suzuki Baleno | 581 | 239900 |
Nissan NP200 | 1404 | 234000 |
Hyundai Grand i10 | 957 | 229900 |
Nissan Magnite | 682 | 227900 |
Renault Kiger | 842 | 224999 |
Kia Picanto | 374 | 219995 |
Toyota Rumion | 534 | 217999 |
Renault Triber | 503 | 209999 |
Suzuki Swift | 1248 | 199900 |
Renault Kwid | 431 | 188999 |
Suzuki Spresso | 383 | 169900 |
When last did you see the prices of EVs drop by a significant amount? Can you provide some examples?
Wishful thinking and also consider that as our Rand tanks bit-by-bit the exchange rates don't work in our favour.
TheChamp
Honorary Master
You can't take a few outliers and assume everyone has R1 bar to drop on a new Ford Ranger.
Let's look at the sales volumes of new vehicles for March 2023. I only have a list of the top 40 but that's probably a good enough sample set to get an idea of what the majority of people are willing to pay for a new vehicle.
Here are South Africa’s top selling cars in March
The new Ford Ranger has reignited the bakkie wars but the Toyota Hilux still rules
I obtained the base cost of all the models since the list doesn't break it down into specific build specs.
Out of a total of 36389 units sold only 6717 or 18.5% were above R500 000.
29673 units or 81.5% were priced below R500 000.
Now take into account that this doesn't include second hand car sales which sell at a ratio of about 2:1 (old to new) and the average price for a second hand vehicle in 2022 was R423 964.
I wager than at least 90% of all car sales fall into the under R500 000 category.
So if all the buyers of new passenger vehicles above R500 000 switched to EVs you'd only end up with maybe 10% of all new vehicle sales being electric and then the market would be saturated. The prices of EVs need to drastically drop before there will be mass uptake.
That is very informative, you can make a much better MyBb journalist.
Yeah I know, but Geely is a good parent company, owns a bunch of high quality western brands...Volvo, Polestar, Lotus etc.
epah
Honorary Master
Euww I hate flying, I drive everywhere, If i cant drive to my preffered destination then I would rather not go. If it were up to me I would prefer if the world scraps planes all together.
epah
Honorary Master
Until the Arabs arrive in their Lamborghinis.
How will we go to Los Angeles to watch a street race?! Nooo
Priapus
Honorary Master
Still rookie numbers.
UK registered 44,000 new EVs in June alone this year.
UK registered 44,000 new EVs in June alone this year.
Well, they get subsidies and tax breaks. SA doesn't
Priapus
Honorary Master
They also have a reliable energy grid.
And we have.....The Sun.
Priapus
Honorary Master
How does one charge their car at night? Or when there is an overcast day? .
How many times do you need to charge a car with 300km range in city driving?....what happened to battery storage?
How much do you spend on fuel per month?
Priapus
Honorary Master
I don’t own an EV. So I have no idea.