Electric cars are not cheap… not even second-hand ones

by time news

2023-07-24 02:03:56

Electric cars are not cheap… not even second hand. According to the ElectricarVO report from the Ganvam employers’ association, buying a used electric car in Spain costs an average of 34,661 euros. This amount is double what is paid for a second-hand diesel vehicle, whose average invoice is 17,217 euros. In addition, its price does not stop growing: it did so by 7.3% in June, compared to the same month in 2022.

Its high cost is, according to the study, the main reason behind the 12.3% decline in sales experienced by the sector in June. “Converting zero-emission mobility into a more affordable and accessible mobility option involves implementing more effective and easy-to-apply incentive plans that, by including support for used vehicles that are at least 36 months old, guarantee an attractive price,” says the study.

In absolute terms, the three communities with the highest average prices, all of them close to 40,000 euros, are Asturias (39,853 euros), Murcia (39,136 euros) and the Valencian Community (39,120 euros). Madrid, curiously, has one of the lowest prices: 32,054 euros. Between Galicia (29,674 euros), the community with the cheapest offer price; and Asturias, the most expensive, there is a difference of more than ten thousand euros. All the autonomous communities have experienced price growth compared to June 2022, except for three of them: Canarias (-18%), Cantabria (-19.7%) and Galicia (-11.3%). Two of them, Galicia and Cantabria, already saw their prices reduced last quarter, so they maintain this downward trend. As for the Community of Madrid, one of the regions with the highest sales of used vehicles in Spain, the price has practically remained unchanged with a growth of 0.5%.

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The price increase occurs, curiously, in a scenario of a 63% increase in supply in the first half of the year compared to the same period of the previous year.

In the January-June period, 5,431 second-hand electric vehicles were sold in Spain, practically all of which are less than 5 years old, since sales of those over that age are residual. In this sense, the pronounced fall (-31.4%) of the electric second-hands (1,808 units) is striking, compared to the increase of those between 3 and 5 years old, 12.8% (1,266 units). Although those that have grown the most are those between 5 and 8 years old (36.2%), of which a total of 531 units have been sold.

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