Is the I.C.E dying?

October 17, 2018

Working in the EV industry, we get a lot of queries regarding the type and usage of electric vehicle chargers. Lately, we are getting questions on the fate of diesel cars and the changing laws which are destined to come into law in the next decade.

 

But already we see a serious implication for purchasers of new cars, especially diesel powered cars. The average ownership of a car in Ireland is about seven to eight years. After ten years, the majority of cars will reach the end of their useful lives. After this, the cars are traded in - for scrappage value you might say. When the date arrives where diesel engines are no longer permitted, many people will run into a problem. Why would dealerships pay out €2,000 - €4,000 on a car that is now completely redundant? 

 

This ramifications of this change in the law needs to be made clear far in advance of the change. If diesel is banned then the diesel car is also banned and such a vehicle may have no value at all. While this may not bother some of us; we are concerned about it, as it had implications for commercial vehicles too. Taking this into account, along with the typical lifespan of cars in Ireland, it seems wise to consider avoiding the problem and switching to a fully electric vehicle, or even a hybrid - neither of which would be impacted by the ban. When should you do this? We would say seven to eight years in advance of this legal change... so in the next 5 years you should strongly reconsider going with diesel / petrol vehicles!

 

Along with the usual benefits and cost savings of EV's, there would be no erosion of value going forward. Putting some dates on this, we read governments declaration that 2030 is the date for transition away from diesel, and using the typical ownership of vehicles in Ireland, the ideal time to change vehicles is 2022-2023 to avoid reducing or eliminating the end sale of the vehicle. The wisdom and understanding of what can or will happen in law, a decade from now is not ours alone of course but we think a discussion is needed now. We have spent the last nine years in this industry working with both power companies and vehicle manufacturers on electric vehicle systems, and we are interested in your view of this!

 

 

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