Lexus - Electric/hybrid - Palcouk

Currently have NX hybrid, looked at UX, two current version demonstrators, same spec but the hybrid was significantly more expensive than the electric. Checked auto trader with same outcome. Also seems that insurance on electric is much higher.

Has market for electric collapsed?

Lexus - Electric/hybrid - skidpan

Probably more to do with the simple fact that the UX is bit of a r****** car.

The new LBX has more space for less money plus better economy.

Cannot see the UX lasting much longer.

Lexus - Electric/hybrid - Palcouk

The LBX is smaller than the. UX I have.had both hybrids out on test, no real difference, and my local has given me the breakdown for any pix, not tested an electric. Both hybrids mpg is near enough the same.

Edited by Palcouk on 03/08/2025 at 12:02

Lexus - Electric/hybrid - Lee Power

Cannot see the UX lasting much longer.

Current model is due for replacement by an all new UX in 2026.

FWIW - Anyone looking at a UX should also also test a 2nd Gen Toyota C-HR as Toyota have upped the quality.

Lexus - Electric/hybrid - Terry W

Currently have NX hybrid, looked at UX, two current version demonstrators, same spec but the hybrid was significantly more expensive than the electric. Checked auto trader with same outcome. Also seems that insurance on electric is much higher.

Has market for electric collapsed?

Hybrid has the added cost and complexity of two power trains which need to talk to each other. No great surprise it costs more than electric!!

Lexus - Electric/hybrid - gordonbennet

Toyota hybrid drive system proves itself the best of the lot ie most reliable over high mileages and time, its going to be more expensive because its an entirely self contained vehicle not reliant on plugging in to the grid and given some decent maintenance has a probable life span well in excess of 20 years.

Toyota covers the hybrid battery for even longer than the rest of the vehicle's 10 year warranty subject to correct main dealer servicing, after that there's a small and doubltess growing industry in battery refurb for sensible costs.

Maybe the battery only version has similar warranty cover and easily rebuilt batteries for life after 15 years, i have no idea.

Lexus - Electric/hybrid - Palcouk

The Lexus warranty is the same for both types, I’ve had an LS, RX, GS, CT and NX over the years, the only breakdown I have had is flat tyre. I used to drive 30k/year, now retired, less than 5k, and being aged with blue badge insurance has increased on any car/type

Lexus - Electric/hybrid - Palcouk

The electric UX is £5k+ more than the hybrid for same spec

Lexus - Electric/hybrid - Engineer Andy

Currently have NX hybrid, looked at UX, two current version demonstrators, same spec but the hybrid was significantly more expensive than the electric. Checked auto trader with same outcome. Also seems that insurance on electric is much higher.

Has market for electric collapsed?

Hybrid has the added cost and complexity of two power trains which need to talk to each other. No great surprise it costs more than electric!!

I suspect it's more likely that they are desperate to avoid the swingeing EU (and British government) fines for not selling enough EVs, and so get dealers to buy cars from them to pretend they are all demos and loan cars in order to (at a big loss, but still less than the per car fines) up the sales figures.

Bear in mind these are essentially 'new' cars' with little mileage on them 'dressed up' as second hand ones, yet going for vastly less than a new one with no official owners on its record.

I've regularly come across ads for 2yo EVs with low (even very low [below 5k]) mileages going for less than equivalent 5-7yo ICE models with getting on 50k miles under their belt and more.

It's not as though the battery packs in the EVs are a pack of Duracells costing a fiver - they mostly make up between a quarter and third (possibly more with 'long range' [read normal range' for ICE and hybrids]) of the build cost of such cars, hence why they are not proving a hit in the second hand market, especially when they are 7-10 years old, and why resale value have plummeted.

I am seeing more and more insider industry evidence coming to industry podcasters (not some random blokes with opinions) proving that what used to happen on a relatively limited scale at the end of the month / sales quarter / year is now occurring at an industrial level.

That's why I've brought it up in the EV threads - this is an almighty crash waiting to kick off.

Lexus - Electric/hybrid - Adampr

Currently have NX hybrid, looked at UX, two current version demonstrators, same spec but the hybrid was significantly more expensive than the electric. Checked auto trader with same outcome. Also seems that insurance on electric is much higher.

Has market for electric collapsed?

It hasn't collapsed because it was never strong. If an EV suits your needs, second hand ones are great value. Once loads of people are trundling around in 20 year old ones with no problem, the used prices will start to strengthen.

Lexus - Electric/hybrid - Engineer Andy

Currently have NX hybrid, looked at UX, two current version demonstrators, same spec but the hybrid was significantly more expensive than the electric. Checked auto trader with same outcome. Also seems that insurance on electric is much higher.

Has market for electric collapsed?

It hasn't collapsed because it was never strong. If an EV suits your needs, second hand ones are great value. Once loads of people are trundling around in 20 year old ones with no problem, the used prices will start to strengthen.

The problem is that EVs really only suit people with reasonable means (and are able to take the loss should the battery pack fail once out of its warranty period) for a second (or third) runaround local car and a home that can take at least a 7kW 'fast' charger, and, at least until electricity prices come down, afford public charging prices, which are no longer subsidised by either the car manufacturer (Tesla) or taxpayer.

That rules out: almost everyone living in a flat, terraced house, homes with shared (remote) parking facilities, most council or housing association properties, those who need cars for long-distance daily use and most people under 35 (who already cannot afford most things these days older generations take for granted).

Once the War Baby and Boomer generations have departed the scene, it'll only really be Gen Xers left with anything like the means and needs to buy such cars, and frankly we'll be probably far more concerned about other important matters to worry about than wanting to own an EV or not.