‘EV values plummet’ has been an everyday headline in abroad media this 12 months, as electrical automotive resale values tumble in main markets just like the US and UK.
However will Australia observe go well with?
America and Europe have extra mature EV markets than us, which means 1000’s of pre-loved electrical automobiles have popped up on their used automotive classifieds. As saturation strikes it turns into a purchaser’s market and costs fall accordingly.
So what’s the deal Down Below?
Late to the celebration on EV incentives and respectable charging infrastructure, solely previously two years have EV gross sales actually made a dent within the Australian market.
In 2023 thus far, EVs have made up an honest 7.2% of recent automotive deliveries. In 2021 it was round 3%, so in contrast to Europe and the US, we don’t have the glut of used EVs being traded in across the three-years-old mark.
However there are some. There’s additionally a good variety of used EVs below a 12 months previous or as seller ex-demos with heavy reductions over RRP. Why? Some haven’t proved as common as hoped (Mazda MX-30) whereas some house owners might have merely determined, in just a few months of possession, that an EV isn’t for them.
Listed below are the used EVs you should purchase in Australia for below $50,000.
Nissan Leaf – from $9000
There are dozens of first gen Leafs (bought right here 2012-15) up for grabs, with a quantity below $15,000.
Most cost-effective is a 2011 model with 48,800km, however the proprietor admits battery well being is near 50 per cent, its sprint exhibits a variety of 90km and actual world vary is nearer to 68km.
Sadly, many different Leafs just a little over $10,000 even have a lowly vary of 60-90km most, down from the unique 175km. Nonetheless, which will show ample for these after a city runabout and nothing extra.
Second gen ‘ZE1’ Leafs (launched 2018) begin from $25,000, with earlier Japanese imports a bit cheaper. Their roughly 300km vary have much more attraction, and look much less dorky than the unique Leaf.
Mitsubishi i-MiEV – from $12,000
![2010 Mitsubishi i-MiEV](https://evcentral.com.au/wp-content/uploads/2020/05/image74949_b-1024x576.jpg)
A chunk of historical past? These tiny i-MiEVs have been the primary EVs on sale in Australia in 2010. Solely 250 bought – only a few to non-public patrons on the foolish $48,800 asking value – earlier than being pulled in 2013.
They appear to have risen in worth in recent times, with the most cost effective we discovered at $12,500 for a 2012 150,000km mannequin.
Unique vary was round 150km, however you’ll be fortunate to get 100km on one at present, until it’s had a contemporary battery pack.
Once more, patrons ought to prohibit use to cities and cities in these tiddlers.
Renault Zoe Intens – from $25,000
![2018 Renault Zoe BEV](https://evcentral.com.au/wp-content/uploads/2020/07/2018-Renault-ZOE-ICONIC-Limited-Edition-1-1024x682.jpg)
They barely registered a sale in Australia, however these cute little Zoes did strong numbers in Europe.
Priced round $45k when new in 2018, a pair are on sale now for $25,000, one with simply 22,000km on the clock and vary of 300km.
Devoted metropolis automobiles with cheap-feeling cabins, however rarer than a Pagani Zonda on our shores.
MG ZS EV – from $25,000
![MG ZS EV](https://evcentral.com.au/wp-content/uploads/2020/10/MG_ZS_EV-01.jpg)
An unimaginable 177 pre-loved MG ZSs are on CarSales at time of writing. That makes it an honest purchaser’s market as there are ample personal and commerce sellers anticipating what you are promoting.
These began at $43,990 drive away once they first went on sale in late 2020. Three years later, with some haggling, you may take $20k off that. Critical depreciation.
MG’s 5 12 months guarantee has some life left (or loads left if it’s a post-July 2021 MG ZS, when it elevated to seven years), giving strong peace of thoughts.
Official electrical vary of 320km is wildly optimistic and it’s a reasonably joyless steer, however right here’s a small SUV with guarantee to tempt you into EV life.
Hyundai Ioniq Electrical – from $26,000
![2020 Hyundai Ioniq Electric Premium](https://evcentral.com.au/wp-content/uploads/2020/07/Alternative_2020IONIQElectricPremium-03-1-1024x576.jpg)
With us since late 2018, again then it was Australia’s least expensive pure EV at $44,990. Nevertheless it regarded bloody odd (and never a patch on Hyundai’s later Ioniq 5 model winner) and vary was a paltry 230km.
Search for 2020+ fashions with ‘actual world’ 311km vary – they begin at round $26k with excessive kilometres exhibiting. Ones round $30k have below 50,000km, and all bar the very first batch may have a few of Hyundai’s five-year guarantee remaining.
BMW i3 – from $28,000
![](https://evcentral.com.au/wp-content/uploads/2020/05/P90320643_highRes-1-1024x683.jpg)
Very cool and loadsa enjoyable, however used i3 costs stay stubbornly excessive contemplating their superior age.
We discovered solely 4 on the market, with $28,880 for a 190km vary 2014 60Ah model with 100,000km the most cost effective.
A 2017 94Ah i3 with 300km vary and 50,000km on the clock for $37,900 appears to be like the higher purchase.
The vary extender hybrid i3s are mainly the identical value. Maybe these groundbreaking BMWs are near collector standing?
Mini Cooper Electrical Hatch – from $37,000
![2020 Mini Electric](https://evcentral.com.au/wp-content/uploads/2020/08/P90384545_highRes_mini-cooper-se-04-20-1024x683.jpg)
The Electrical gives traditional Mini appears to be like, however a not-great circa 200km vary.
Good to drive and dwell with, with the most cost effective 2021/22 automobiles now below $40,000.
Standout is a 2022 model exhibiting simply 1500km, up for $37,990. Mini Australia slashing new costs by round $20,000 to $49,990 drive-away gained’t have happy present house owners.
There are 30 within the classifieds so that you’ve loads to select from.
Mazda MX-30 E35 Astina – from $38,000
![Mazda MX-30 Electric pre-production prototype at the Lang Lang Proving Ground](https://evcentral.com.au/wp-content/uploads/2021/03/2020-MX-30-EV-Ayden-Aramze-LQ-5-1024x682.jpg)
Consideration, cut price buyers. There are over a dozen of those lesser-spotted Mazda MX-30s within the classifieds, with $40,000 typical for one with just a few thousand kms travelled.
Many are ex-demos that merely haven’t bought. Neglect the unique $70,000+ drive-away value; at sub-$40k these Mazda EVs look much more interesting.
Metropolis slicker 200km vary means they’re not for everybody, however these MX-30s drive fantastically and cabins are luxe and specification wealthy.
A little bit of haggling will drop that value additional – sellers will most likely play ball to shift ’em.
Hyundai Kona Electrical – from $38,000
![2020 Hyundai Kona Electric](https://evcentral.com.au/wp-content/uploads/2020/09/IMG_8349-1024x576.jpg)
Now we’re speaking. These Kona Electrics are a convincing gateway into EV life, and used costs are starting to attraction.
Earliest 2019/2020 fashions might be had for below $40k, are nonetheless in guarantee and are down from $63,500 drive-away (Elite) and over $70k drive-away (Highlander).
An actual world and dependable 450km vary, respectable driving manners and family-friendly cabin house make the Kona a worthwhile used EV punt.
Kia Niro – from $39,000
![Kia Niro Electric](https://evcentral.com.au/wp-content/uploads/2021/05/Kia-Niro-EV-Sport_07-1024x576.jpg)
First gen Niros are actually below $40k; the most cost effective a 2021 mannequin with 61,000km, up for $38,990 drive-away.
A giant drop from the preliminary $67,500 asking value – hi there resale nightmare – however these are roomy SUVs with strong 455km vary.
However they have been already previous when launched right here, and look terribly dated subsequent to the brand new Niro. A seven 12 months guarantee does increase their attraction.
Tesla Mannequin 3 Customary Vary – from $39,900
![Tesla Model 3 Standard Range Plus](https://evcentral.com.au/wp-content/uploads/2021/06/IMG_0260-HDR-1024x576.jpg)
Okay, right here’s the massive one. Mannequin 3s are actually discovered below $40k; the most cost effective an 88,500km 2019 instance for $39,900.
The proprietor says there are a few small dents to his rental automotive white Mannequin 3, so maybe a 100,000km instance at $39,950 is a greater purchase. It has the aero wheel cap equipment and backup key card, sweetening the deal.
All however the earliest 2019 Mannequin 3s ought to nonetheless have a portion of their four-year guarantee remaining. Vary of 470km and Tesla’s charging infrastructure are convincing motivators for possession.
A whopping 450 are within the classifieds at time of writing as early adopters store them in. Haggling ought to safe one effectively under asking value, and count on it to grow to be extra of a patrons market in 2024 as ever extra used Mannequin 3s find yourself being listed.
Most cost-effective Mannequin Y, by the way, is a 2022 for $56,000.
Tesla Mannequin S – from $45,000
![Ronlyn Jacobson with her 2015 Tesla Model S 70](https://evcentral.com.au/wp-content/uploads/2021/03/IMG_5770-1024x576.jpg)
Eighteen months in the past we did a used EV information and the most cost effective Mannequin S was $59,000. Now it’s simply $45,000.
A 2016 S75 with 480km vary is up for that cash, whereas one other seven are below $50k.
These are fairly previous automobiles now, however there’s plenty of giant sedan there for the coin.
What about used luxurious EV costs?
A number of mutterings about enormous reductions abroad for luxurious EVs as they fail to promote.
What are the entry costs of used examples in Australia?
2021 Lexus UX300e – from $56,000
2021 Volvo XC40 Recharge – from $62,000
2018 Jaguar I-Tempo – from $65,100 (solely 18,000km!)
2020 Mercedes-Benz EQC400- from $69,990 drive-away
2021 BMW iX3 – from $79,990 drive-away
2021 Audi e-tron 50 – from $88,900
2021 Porsche Taycan 4S – from $165,000