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 - artill

I have driven both Hybrid, and EV UX. Both lent to me whilst my car being serviced. The EV was by far the better driving car, it feels more powerful, and therefore more relaxed, but driving from Stockport to Huddersfield and back used well over half the EV range, where as the Hybrid fuel needle didnt move to any extent.

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.

Lexus - Electric/hybrid - SLO76
Used EV’s are great value, for those whose lifestyle suits them. You need to be able to charge at home for the economics to stand up, otherwise don’t touch it.

If the range (take 25% off the official range for reality) and you plan on longterm ownership then the EV is great option. They’re smooth, quick, have less to go wrong and come with a much better warranty covering the main power source than a petrol or diesel equivalent. But that depreciation will continue so you’ve got to buy it right and keep it long term.

I personally really like EV’s. We’ve owned two so far and neither has caused a moments grief. My only complaints relate to the horrible infotainment systems and intrusive driver aids that come as standard in most modern cars.
Lexus - Electric/hybrid - Dingle232

Are they though SLO? They may be if you intend to keep the car long term, perhaps longer than any warranty, but as it stands the purchase price of them (at least the ones I looked at) is absurdly above what's crudely determined as the market value.

For example, I looked at a BMW i4 recently which was listed at £47k. Stick the car's details into something like Motorway (which I'd accept may not be wholly on the money but having sold 5 cars via them they are not far off), and the value of the same car is £34k. That's £13k you've lost the second you drive it away and this was a used car, not new. It's generally the same with other EV's that i looked at.

When I did the same exercise with my car (Lexus NX hybrid so relevant to the thread) the variance was between £3 and £4k which is what you'd expect dealers to be sticking on as markup.

You'd have to be (a) willing to take that hit purely to save the planet and enjoy driving it or (b) taking a gamble that the depreciation would slow rapidly to recover any kind of value from the car at, say, 3 years.

It was quite offputting for me even given that the above was a non-exact science.

Lexus - Electric/hybrid - SLO76
That’s why I wouldn’t touch a new one, or nearly new. New prices are unrealistic, plus fear of the unknown causes huge initial depreciation which makes for superb bargain pickings for the savvy used buyer.

Imagine, no fear of wet belts snapping, no faulty injectors, worn out turbos, clogged diesel particulate filters or EGR valves. No rotten exhaust to replace, no oil to change and no complicated automated manual gearbox to bankrupt you. Our ID3 needs a “service” every two years to keep the warranty valid and that only entails a checklist plus cabin filter and a coolant change.

They’re so efficient, cheap to run, much more reliable and silky smooth to drive. That they can tear away from most conventionally powered cars from 30-70 or from a standing start only seals the deal.

I have far more confidence in buying a used EV than in buying a petrol or diesel equivalent. There’s simply much less to go wrong, and should you suffer any battery pack issues they generally come with an 8yr warranty to cover it - beyond that age they’re cheap enough to be worth a punt. You won’t get that level of cover on a petrol motor - aside from Toyota’s up to 10yr cover when you service it with them.

Edited by SLO76 on 08/08/2025 at 18:54

Lexus - Electric/hybrid - Dingle232
That’s why I wouldn’t touch a new one, or nearly new. New prices are unrealistic, plus fear of the unknown causes huge initial depreciation which makes for superb bargain pickings for the savvy used buyer. Imagine, no fear of wet belts snapping, no faulty injectors, worn out turbos, clogged diesel particulate filters or EGR valves. No rotten exhaust to replace, no oil to change and no complicated automated manual gearbox to bankrupt you. Our ID3 needs a “service” every two years to keep the warranty valid and that only entails a checklist plus cabin filter and a coolant change. They’re so efficient, cheap to run, much more reliable and silky smooth to drive. That they can tear away from most conventionally powered cars from 30-70 or from a standing start only seals the deal. I have far more confidence in buying a used EV than in buying a petrol or diesel equivalent. There’s simply much less to go wrong, and should you suffer any battery pack issues they generally come with an 8yr warranty to cover it - beyond that age they’re cheap enough to be worth a punt. You won’t get that level of cover on a petrol motor - aside from Toyota’s up to 10yr cover when you service it with them.

Agree SLO, they do present a compelling argument if your driving habits make sense for one, which mine certainly do. I am still thinking about it but it's a cold shower moment to have to take that kind of hit as I tend to buy nearly new.

Lexus - Electric/hybrid - pd

I completely fail to understand the "you can't take the risk of a 7 year old battery failure" yet the same people will happily take the risk of an engine failure, a clutch and dual mass flywheel failure, a slave cylinder failure, a DPF/GPF failure, a wet belt failure, a timing chain failure, an auto gearbox issue, a failure of a DCT gearbox plus the service costs, the cambelts changes, the oil changes and all the other r****** and absurd regular costs they have.

It's like they are conditioned to having to put up with all this r****** and enjoy it.

I spend every day dealing with r****** ICE cars - if I could just deal with EV I would. They are so much better. Unfortunately the market still wants the unreliable r****** but I look forward to the day I never see one again.

Lexus - Electric/hybrid - mcb100
Same here. If I never drove a petrol or diesel again I wouldn’t miss it.
Lexus - Electric/hybrid - primus 1

I’d like an ev but I’d have to get another cable down to my garage to enable me to charge at home using cheap tariffs, or rely on 3 pin plug charging, I’m due to retire next year so my mileage will be coming down ( not that I do much anyway) , I’m quite happy with my Yaris cross which I think is the best of both worlds…