A Comprehensive Guide to Buying a New Electric Car

Read the full article by Eddie Cunningham here.

Purchasing a new car is a significant decision, and opting for a battery electric vehicle (BEV) can feel even more daunting. Here are some essential tips to help you decide if a BEV is the right choice for you this year. Despite the industry's and politicians' high expectations, electric car sales have not reached anticipated levels.

Several factors contribute to this trend, including a lack of confidence in public charging infrastructure, concerns about the resale value of relatively new BEVs, reduced incentives, and higher initial purchase prices. Additionally, the early adopters who fueled the initial surge in BEV sales have already made their purchases, leaving a cautious majority still considering their options.

This trend is not unique to Ireland; across Europe, the market for BEVs is experiencing a slowdown. To regain momentum, potential buyers need more convincing and reassurance about the benefits of switching to electric.

Despite the current market challenges, manufacturers remain committed to electrification, leading to increased competition and potential price wars, which benefit buyers. While some brands continue to phase out internal combustion engine (ICE) models, others are extending their lifecycle to meet ongoing demand.

For example, while Ford sticks to its BEV plans, the life cycle of Mercedes' A-Class has been extended to 2026 due to continued ICE demand. Similarly, Volkswagen has slowed BEV output due to oversupply, and Toyota's earnings highlight the sustained demand for hybrids amidst uncertainties about BEVs.

To help you navigate this decision, consider the following pointers:

  1. Make a List of Essentials: Identify the features you deem essential in your next car.
  2. Evaluate Running Costs: Compare daily running costs, servicing, taxation, and insurance for ICE versus BEV.
  3. Consider Overall Value: Don’t focus solely on the purchase price; shop around for the best value.
  4. Budgeting: Ensure the cost of switching to a new car fits well within your budget.
  5. Charging Infrastructure: Determine if you'll use home or public charging points, and if your home is suitable for a charger installation.
  6. Driving Needs: Assess if a BEV suits your driving habits or requires significant adjustments.
  7. Grants and Incentives: Check for available grants for home chargers and ensure your eligibility.
  8. Cost and Savings: Calculate the cost of charging and potential savings over time.
  9. Warranty Coverage: Verify the warranty details and what it covers.

Test driving a BEV for a day or two can also provide valuable insights. By considering these factors, you can make an informed decision that best suits your needs.

As you consider switching to an electric vehicle, ensure your EV is always ready with EGO EV chargers. Our chargers offer efficient and reliable solutions, supporting your transition to sustainable driving.