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Sale of electric and hybrid cars rise as prices fall - Index

EVs and hybrids now account for just under half of new cars registered in Ireland
Jack Quann
Jack Quann

00.01 12 Oct 2023


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Sale of electric and hybrid ca...

Sale of electric and hybrid cars rise as prices fall - Index

Jack Quann
Jack Quann

00.01 12 Oct 2023


Share this article


The sale of electric and hybrid vehicles in Ireland continues to surge, new figures show.

The latest DoneDeal Car Price Index has found sales were up by just over 22% compared to the third quarter of last year.

The change means 7,408 new EVs were registered in Ireland in Q3.

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EVs and hybrids now account for just under half of new cars registered in Ireland, compared to just 22% in 2020.

The index also reveals the average price of a new EV has fallen below €50,000.

Prices of used EVs are down 2.6% in the past quarter and 7.1% in the past year.

Environmental Economist Dr Tom Gillespie has said an increase in supply has pushed process down.

"What we've seen is a boost in supply of used EVs in the car market now in Ireland," he said.

"That's had a downward push on prices.

"We actually saw that used EVs fell 2.6% in the last quarter, and they're down 7.1% annually," he added.

Main image: Two electric cars are charged at a charging station in Germany in 2019. Image: Monika Skolimowska/dpa-Zentralbild/ZB

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