Though this may be dangerous information for many who purchased new, it does give a handful of shrewd consumers the chance to purchase EVs at much-reduced costs. Sadly, even within the pre-owned market, EVs are nonetheless priced properly past the typical motorist’s automotive funds. Solely 4 EV mannequin ranges can be found new in South Africa: the MINI Cooper SE, BMW i3, Jaguar I-PACE and Porsche Taycan. The Nissan Leaf is not out there, since Nissan South Africa determined to not import technology two of the automotive. Used examples of the first-generation Nissan Leaf are exhausting to come back by. As a result of EVs promote in very low volumes in South Africa, pre-owned worth tendencies are sluggish to emerge. But it’s attainable to take a glimpse into the way forward for how these automobiles may commerce. When evaluating the costs of latest EVs to these in AutoTrader’s massive pre-owned stock, the BMW i3 and Mini SE show the least depreciation (see desk). That is in step with used automotive worth tendencies in petrol and diesel automobiles, the place new small hatchbacks have a tendency to keep up an even bigger proportion of their worth, in comparison with massive luxurious sedans and premium SUVs. That is definitely true for the Jaguar I-Tempo. The place the entry-level I-Tempo now sells for R2 million, a 2020 mannequin could be had for as little (comparatively talking) as R1,2 million. “A potential proprietor of a brand new BMW i3 may discover that its worth isn’t too removed from the worth of a pre-owned I-Tempo,” stated George Mienie, AutoTrader CEO. “Each are good automobiles, however some drivers will welcome the extra ample inside house of the Jaguar.” Porsches are recognized for sturdy worth retention, however there are nonetheless financial savings available. A Porsche Taycan Turbo S or Porsche Taycan Turbo could be purchased for round R100 000 lower than the worth of a brand new instance. This may not seem important, however the sticker worth doesn’t take elective extras, simply value R250 000 to R500 000, into consideration. A lot of that worth is commonly transferred to the second proprietor at little value. The sturdy demand for pre-owned BMW i3 and MINI Cooper SE automobiles – coupled with good worth retention – may proceed for a lot of years, since most EVs coming to South Africa within the subsequent two years might be costly, premium merchandise. EVs akin to these within the vary of R600 000 to R900 000 are subsequently more likely to escape the numerous lack of worth that impacts these within the R2 million-plus membership. Supply: Nikki Chennells