Motoring

Soaring price tags and supply issues could kill consumer appetite for EVs - Done Deal

Average price for a brand new EV is €64,755, up 13 per cent on last May

Done Deal says that the price hikes observed in the EV market are in line with increases across the Irish motor industry for all car types. Picture: Getty

Demand for electric vehicles (EV) increased by over one third in the last 12 months, new figures from Done Deal show, with the online motor marketplace warning that soaring prices and supply issues could slow down sales.

The car site’s data shows that the average price for a brand new EV in May 2023 is €64,755, up 13 per cent compared to the same period last year. Price tags on nearly new EV models (manufactured ...