Jaguar Offering 0% Financing To Jump Start I-Pace Sales

The link between EV success and gas prices has not been adequately explored in my opinion.

In macroeconomic terms, the ONLY thing that will make the rational general public (as differentiated from the fringe "greens" or Telsa-fan-base) buy EV's in bulk is if gas prices were to go up substantially (at least double?) from where they are today.

Tesla's sales, IMO, are mostly to their narrow fan base (which is a 300 million resident country like the USA works out to enough people to launch it but not maybe enough to sustain it).

This Jag shows that cheap gas (and the lack of a fanatical fan base like Tesla buyers) is not enough to make people do EV.

IMO - people buy a Tesla because it is a Tesla, not because they are making a rational choice.

[UPDATE - I strolled into my local Tesla storefront yesterday and chatted up the clerk who had not had any other human contact on his shift he said. He said that Tesla will be rolling out a Model S refresh in about a year, he said that Tesla will be refreshing the Model X in about a year and getting rid of the falcon doors. The guy said there has been radio silence on the Model Y. by the way, our Tesla storefront seems to function as a 'cold-calling' operation for people in our area who either visited the website or visited the retail store. The guy said he spends about 20% of time meeting prospects and 80% of his time phoning back prospects]

If gas and electricity costs were equal per mile and all other costs were the same (which they will be within 5 years), and the car has over 200 miles of range, the EV would still be a more compelling option. The car will be faster, last longer, have less maintenance, and for many be more convenient to fill up in your garage. ICE sales have already begun to decline in the US, China, and Europe, the transition is happening asap.

If you factor in all the costs, Tesla's are also a very practical choice today... especially the midrange Model 3. As for updates to the S/X and the deal with the Y, everything is a rumor right now and people in the retail stores are likely the last to find out about any interesting changes. I doubt they would nix the falcon wind doors on the X, but I don't think the Y will have them.

You'd have to be blind not to see EVs will eventually take over. Every major automaker already realized this, the only question is when.

Also, I'm all for everyone being taxed per mile for roads and dropping all subsidies for both oil and EV. If we really wanted to be fair we would tax by mile, weight, and CO2 to really factor someone's impact on the road.

Leave it to SanCarlosJoseAsshatterDriver to propose a Socialist solution.

Um, this is the opposite of a socialist solution, it's a Libertarian one where you are taxed as little as possible and in this case only your fair share of the resources you consume.

They have to jumpstart sales???????

0% financing on a brand new cutting edge car is a very, very bad sign. You do that to move slow selling models like the XJ, not this sort of vehicle.

The IPace is dumb sized and looks like what it is: a wheezer hatchback with Jaguar cats on it.

I would be in the target demographics for this car. But I'm not going to be spending over $80k on any car. It's the same reason I don't consider a Tesla. I make enough money, but just not going to go that far in debt for a car.

Especially since a Kona or Niro EV would satisfy the needs and desires I would have for an EV at half the cost.

MD, I got the pun.
Again, this points as to the reason traditional automakers are moving slowly into EVs. They are high cost and the market is small. The technology is not unique to Tesla. Tesla has been playing a Ponzi scheme with its investors that the current slow demand will expose.

mre30, you are spot on with your analysis. This is why the EV types who post here are trying soooo hard to justify their decision/position. In the case of the Model 3, as of last week the average transition price is still hanging around $57,000 for a car with few advantages (straightline acceleration, no gas, less routine maintenance) and a few disadvantages such as how long it takes to recharge, wait for parts and repairs. You can buy a loaded Mazda 3 (still has the 3 in the name) for $24,000, have a car with a nicer interior, a real dealer network and use the $33,000 to buy Tesla's solar tiles.
What,they are still not available?

Sorry, but for me the interior is nicer than any BMW 3 series I've been in, and that's quite a few. Also dealers are not just overrated, but most consumers don't want to deal with salespeople. Not just cars, but certainly that is the worst of all sales experiences consumers have to deal with. Model 3 just outranked the 911 as the car the brings the most job to consumers, I don't have to convince you of anything, the stats are already in the car's favor and the brand is strong in regions that can afford the car.

@SJD You're not "sorry" but you are a hypocrite.

"I'm sorry" the comment was incorrect. Also, I don't think you understand what hypocrite means. Or, perhaps you are being ironic since you criticize people for doing things you do all the time.

Without taxpayer tax credit incentives, electric vehicles are dead meat. They are WAY overpriced and the public will not bite.

I've never understood I-Pace (or the name for that matter).

I haven't driven a hatch back since I was in college, it's not something I want now, especially a big, giant expensive one. I have no idea who they are targeting with this, but it's not hard to predict that it will have been deemed a total failure within a year or two and unceremoniously scrapped.

Except that the IPace isn't even big...

SJD, in your opinion the Model 3 intertior than any of the many 3 series you have sat in. Hmm. First, this is a biased opinion, not a stat. Second, since it is a massed produced car the 3 seires interiors are all very similiar no matter how many you sit in. The Mazda 3 has a nicer interior than all the Model 3s I have sat in.
Second, you have to be paid by an EV maker to make a statement that EVs are going to take over from ICEs. The cheapest Tesla has an average transaction price of $57,300. It is the size of an econobox. The average transaction price of vehices in the US is about $34,000. This is all sizes and makes.
EVen you can see - although probable will not admit - EVs have a long way to go to be competitive.
And your snobby comment that Teslas are "popular in areas that can afford them" makes my point. Unless Elon the Great can cut costs in half they will remain a toy for those with more money than sense.

There are many non-Tesla cars entering the market at prices most can afford, especially with the full $10k of subsidies bringing the cost in the low $20k range. That includes the Kona, Niro, and Soul EV.

EVs will win with or without Tesla, that is a given that even the manufacturers all realize. To say otherwise would be a little ludditish at this point.

The 0% rate is totally meaningless unless you know the other terms of the lease.

For example, the residual value in the lease can be way lower than the estimated market price. So Jag could make way more money on the lease than simply having a realistic residual value but market interest rates. It's just financial trickery designed to get buyers in the door.

I've checked out the i-pace and am very impressed with it. Especially the interior. The space is much bigger than the exterior due to it being an EV. Useable space is really good.

It's selling well in Canada so the incentive to buy isn't there yet. I'm not ready for an electric car but will for my third car. Still sorting out my ICE cars. I'm a tried and true manual transmission driver and if I cannot get a car that I want in a manual, I'll skip right to EV.

This does not bode well for the Audi e-Tron either. EV buyers are well read on efficiency and performance range and Tesla hit it out of the ballpark in regards to efficiency and performance.

The iPace efficiency specs along with the eTron are well known to be very disappointing and this reality has caused EV buyers to run away. Can Porsche meet Tesla’s legendary efficiency and technology? We’ll see, but I doubt it. Porsche already is behind the 8 ball because they rely on 3rd party batteries and have to source what is available no matter if it meets Tesla-level specs or not. Tesla makes their own batteries in Nevada along with the military-grade electronics involved resulting in the great efficiency and range.