South Africa needs cheaper electric cars ASAP!

South Africa needs cheaper electric cars ASAP!

The Autotrader 2022 South African automotive industry has just been announced. month of January. – in 2022 in June midterm report. In the first 6 months of this year, 349 million transactions were made on the Autotrader website. User ad views were 163 million and the average time on site was 5 minutes and 50 seconds. Cars on the site had an average mileage of 77,147 km and an average price of RUB 423,964 ($25,000). The average model year of vehicles listed on the platform was 2017. Until now in 2022 electric cars were presented 141 times, with an average price of RUB 1,870,721 ($111,000) and a mileage of 21,313 km. The average model year was 2020. The most affordable models were the BMW i3, Porsche Taycan and Audi e-tron.

The report also states that there has been a 27 percent increase in car buyers using the fuel type filter over the year. In the past, fuel type was the secondary search filter most used by car buyers looking to buy pickup trucks. This increase can be attributed to the sharp rise in petrol and diesel prices. The first of 2022 In the first half of the year, searches for hybrid and electric fuel types grew by 129% and 100% respectively, indicating a significant increase in interest in EVs in South Africa. Searches for diesel and gasoline fuel types increased by 24% and 26%, respectively. The reports say it’s important to note that this surge in searches for electric cars is far less than searches for the traditional gasoline and diesel varieties. The most searched for electric car in South Africa was the Audi RS e-tron GT, followed by the BMW i3, Porsche Taycan, Audi e-tron and Audi e-tron GT.

A survey in last year’s report found that more than 70% of South Africans would be interested in going electric if they had the opportunity to buy an electric car that cost less than R500,000 ($30,000). However, as we can see from the top 10 electric car prices, only one of them costs less than R500,000, and the 7-year-old Nissan Leaf costs R385,000. This is the first generation Nissan Leaf. Since then, Nissan has stopped offering the Nissan Leaf in this market. Topping the list is the BMW i3 electric car at 667,000. Most electric cars on the South African market are from premium brands with models costing well over $100,000. These vehicles will still be quite expensive when they eventually hit the used vehicle market. The average price difference between ICE vehicles ($25,000) and EVs ($111,000) is $86,000.

Sales of battery electric vehicles (BEVs) in South Africa have been relatively slow over the years. The table below shows the sales of electric cars over the last 6 years. South Africa desperately needs cheaper vehicles to get more people going electric.

Source: naamsa/Lightstone Auto

Let’s hope for cheaper electric cars soon. There are now more right-hand drive models in places like Australia. BYD Atto 3 and MG ZS EV are a few examples of these. The new MG 4 hatchback is coming to the UK with prices starting at around £25,000, that’s only around R500,000! Will we see these models coming to South Africa soon?

Graphs from South Africa’s Autotrader Automotive Industry Report 2022 month of January. – in 2022 in June

 

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