EV prices in South Africa have plunged in the past year

Daniel Puchert

Daniel Puchert

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SA's EV market (new) struggles from a lack of choices, and an incredible tax burden associated with EVs here.
The 2nd hand market struggles, because the new market struggles, primarily.

Get the new market fixed, and the 2nd hand market will be roaring within a year or two.
 
FiestaST said:
This one is actually in CT, sub-R300k, it's a REX.

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The newer models have better battery range, but at almost 120km the 2016 model's is no slouch either. As hybrids go. That's adequate to provide good value and convenience out and about.

On the other hand... Being BMW, the servicing will likely be expensive, and it's got about 100k on the clock already.
 
I've mentioned in the Official Haval/GWM Thread that I don't see the Ora Cat on CT roads at all! A solid amount of BYD's these days, same with i3's but the Cat? Not a chance.
 
Love how they reckon R450k is affordable for the average Joe. Finance that over 5 years.

No thanks.
 
My favorite is when they say some electric cars can drop over R70k when bought new.

Have they seen what your average R1m+ car does once you drive it off the floor and come back 6 months later lol...
 
neoprema said:
not getting this, R450k is not exactly that high?
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For the average salary in SA it is. Monthly repayments over 5 years with no residual on R450k isn’t that affordable, didn’t factor in residual as you’re being damn stupid if you go down that path. Then you have to factor in everything else to live. And that just keeps climbing due to inflation.
 
TangoSA said:
For the average salary in SA it is. Monthly repayments over 5 years with no residual on R450k isn’t that affordable, didn’t factor in residual as you’re being damn stupid if you go down that path. Then you have to factor in everything else to live. And that just keeps climbing due to inflation.
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I agree. Average SA salary pre tax is around 27k, so post tax it’s 23k. Internet AI says 20% of net to car related costs meaning 4.6k. Assuming 1k for insurance and 1.5k for fuel and other costs (licence, maintenance etc) that leaves 2.5k for the car repayments which is a 100k (over 60 months). Even if your double the salary to 55k gross, that still means a 200k car. These journos live in cookoo land. The reality though is that buy back deals, high residuals, and social convention get people to buy stuff they can’t really afford and being just one “event” away from financial ruin.
 
FiestaST said:
I've mentioned in the Official Haval/GWM Thread that I don't see the Ora Cat on CT roads at all! A solid amount of BYD's these days, same with i3's but the Cat? Not a chance.
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Yeah I’ve seen a whopping total of three different ones actually on the road.

But that’s also about as much as I expected to see if I’m being honest.
 
The Trutherizer said:
SA's EV market (new) struggles from a lack of choices, and an incredible tax burden associated with EVs here.
The 2nd hand market struggles, because the new market struggles, primarily.

Get the new market fixed, and the 2nd hand market will be roaring within a year or two.
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The second hand market is a ripoff.
 
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