The Imminent Collapse Of The Electric Car Market!
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- čas přidán 8. 06. 2024
- Today I talk about the decline in interest for electric vehicles in the USA market!
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Remember their goal is not to get you into an electric car, it's to get you out of your ICE car. There's a very big difference.
You got it.
Explain why theres thousands of dollars of incentives for people to buy them then.
Actually, I think their goals is get get out of all private transportation completely.
It’s all about control
Its about ultimate control... Most ICE cars 5 years or older cannot be shut down remotely nor can they be tracked on GPS (but your phone is tracking you thats how traffic jam warnings work). All New EVs can be remotely shut down via the manufacturer.
EV's make an odd choice for a car rental agency. You pay more up front to avoid the cost of gasoline. But rental firms don't pay for the gas, the customer does. They also want fast turnover so they can send a car out with a new customer as fast as possible. How are they supposed to charge many vehicles fast simultaneously? A rental customer isn't going to want a car with a low charge that needs to sit for a long time to be useful. They are on vacation or on business travel and have limited time.
Hertz didn’t do enough homework and or didn’t listen to the analysis projected or the analysis was wrong. Both Hertz and Tesla have been making the market volatile. Never before has an automaker ever driven down the cost of mass production of a vehicle ever. The increase in production efficiency is staggering making it cheaper and cheaper to produce EVs making the price of used EVs plummet because of dropping prices on NEW EVs and flooding the market supply because production numbers are increasing rapidly. This is consistent with Tesla’s goal of facilitating the transition to affordable sustainable transportation rapidly. My Y has dropped in value (to the market only) it does exactly what it did the day I purchased except better because of updates. The value is the same for me. Cars are not really an investment and you can’t eat equity. Like it or not I’m stuck with my purchase and I’m lucky I’m happy about it.
It wasn't gas savings but maintenance savings. Their mistake was not investigating how Tesla handles repairs.
@@pgiatrakis You bought yourself an awesome car. Drive it until the cows come home.
There is a learning curve to move from ICE to BEV. Only reason to RENT one is for an extended test drive.
Got a hybrid courtesy car when my car was being repaired due to some moron running into the back of me at lights. You have to fill the tank up when you return it , but guess what? It used none, still had juice left in the electric battery saving me the hassle.
It is amazing how much sway the media has on the average mind.
Hey 'Mike the finger', it's because the average mind is dumb.
The media is heavy on the pro-oil industry FUD, and down on EVs. Guys like this seem to think this is the end of them.
@@pooh4519As George Carlin said, “When you realise how dumb average people are, imagine how much dumber below average people are…!”
@@jamesvandamme7786 🙃
@@G58 It's a Fact
I wonder what the " Frozen Tesla " incident in Chicago did to enhance the sales of EVs in 2024? I live in Canada where it's a lot colder than it is in Chicago. Having your vehicle fail here in the winter presents legitimate safety concerns. I don't make anywhere near $100,000, I live in the country where having a reliable vehicle is essential. I've done a lot of online research based on what I have and what I need and I've decided that my next car is going to be a Toyota Corolla ice car because it's inexpensive to buy, inexpensive to repair and maintain, inexpensive to insure, notoriously reliable and will easily last 20 years with no expensive battery pack to replace and no potential spontaneous combustion issues.
It's such bad press it can actually kill the market. Tesla is highly regarded as the ultimate EV by a lot of people so the EVangelists has to pull a bunch of rabbits out the hat to counter this unfortunate piece of reality hitting people straight in the face.
You should not give away your Toyota for anything. If I had better options from Toyota I'd get one. An ice Camry would be awesome but no, only Hybrids in the entire line-up 🤬
Absolutely spot on’
Buying an EV in Canada is suicide unless you also have an ICE vehicle.
I live in Minnesota and have driven a Tesla Model 3 for 2.5 years, been totally fine. A Supercharger location went down for like 4 hours in Chicago and news ran with it. In Norway, a place that also gets cold, 80% of new vehicles sold are EVs. EVs work fine in winter for thousands of people living in Canada, the northern US, and Scandinavia. Range drops a bit because, unlike ICE, you aren't spewing out 67% of your gas use as waste heat 100% of the year including the dog days of summer.
Also, ICE vehicle fires are much more common than EV ones.
I live in Canada, I know of 2 people with Teslas. They both rave about them. However, one detail they don't mention is they also own ICE cars. So when it gets too cold, they simply use the ice car. So I asked, why don't you use the EV when it's Uber cold? "RANGE ISSUES:!!!!! Well this week end we saw Chicago and Alberta displaying the full glory of EVs in cold weather!!
They cost more to buy, to repair, have more fragile underbelly, don't like cold or heat, Tesla is being investigated for lying about range, the fire risks, insurance companies refusing to cover cars in the UK and Australia, (THAT is coming to our shores!!) Insurers telling people NOT to park inside in case of fire, yeah the list of benefits keeps growing. ICE ICE Baby!!!
How is Tesla being investigated when it’s the EPA that determines a vehicle’s range? 😆
I own a Tesla model 3, and an ice SUV. And will say that is the smartest and best combo to have, the Tesla is cheapest and fun to drive daily that gets the most usage, and the ice SUV is my utility vehicle if I need to move a lot of people or things, or crazy bad winter weather since my model 3 is a rwd, not awd. You do however have made incorrect statements and assumptions about the EVs. For one, when it gets cold, if you have a garage and level 2 charging you can precondition the car and have it ready for cold weather duty and that minimizes range loss. Obviously it's not as robust as an ice vehicle in the cold, but what you saw in Chicago were people who didn't have home charging and so left their vehicles to soak in the cold overnight or more, then rushing to charge with negative ice cold batteries that were already on a low charge. All that is a recipe for disaster, since these batteries will not charge till warmed up. If you don't own a garage with level 2 charging at your home, EVs don't make sense, and you are just inconveniencing yourself for the hype. EVs are currently really for the more upper class who owns a home with a 2 vehicles, where the EV is the main daily driver and a gas as the secondary and utility vehicle. As a basic daily driver, EVs are way better than ice vehicles. Ask anyone who drives both and they will tell you. Due to the state of the technology and infustructure it just shouldn't be your only vehicle and definitely can't replace a ice truck in terms of utility convenience in range and towing.
@@Kareem-cx4fi you wasted a bunch of money on a car that is nothing but an image statement/ego-booster. What image, I have no idea, because everyone I know thinks EVs are the biggest scam since the conjob-19 clotshot, and that's saying alot. Not sure why anyone would want to be associated with one, let alone be seen driving one.
@@swisschalet1658 ok... Sure. Whatever helps you sleep at night. 😂
It make sense. when it is snowy and cold, you have to use the ICE vehicle.
Sadly earning $100,000 a year is not all that much in 2024.
I like you, you're funny😂
I checked the inflation calculator website. In 2017, 75,000 would buy what 100K buys in 2023. That's pretty sad for just 6 years.
Yeah I don't care what biden or the MSM says, the current economy sucks.
I’ve been saying this and people think I’m ungrateful. 100K was amazing in 2012 not in 2024!! People keep saying 70K salary is great and should be able to buy a house and a car and have kids and travel etc. I make more than $100,000 and I’m not on the poverty line but it’s not a lot of money…. Its sad!!
It is if you don't have a car payment or a mortgage. 😁👍
I think the biggest issue for EV for car Rental is anyone that has had previous experience doesn’t want one. My son travels for work and has had multiple issues when they stuck him with an EV. It doesn’t matter what brand they are all inconveniencing for work and vacation travelers. If the hotel he is staying at does have a charger it’s likely only one and more often than not it’s in use or blocked or broken. This is in Silicon Valley and Los Angeles
Should have got a Tesla - not a turd on wheels.
@@ejbh3160 Agreed... he will ONLY accept Teslas now and only when he is going to certain customers where he knows there are chargers available. 4 of the last 5 rentals at AVIS they have tried to put him in an EV.
@@ejbh3160 You cannot polish a turd like Tesla say..
There's heaps of chargers in the area - www.google.com/search?sourceid=ie7&q=charging+stations+in+silicon+valley&rls=com.microsoft:en-GB:{referrer:source?}&ie=UTF-8&oe=UTF-8&rlz=1I7LENP_enAU477AU477. It wouldn't have been a problem. But if he is an untrained first time EV driver then the rental company should've provided some training.
When I went to LA last Sept, I didn't rent an EV because it was more than double the cost for 10 days. I drive a Tesla Model 3 for my daily driver and love it; would 100% buy again if it got totaled--much better and cheaper than the BMW 3-series that preceded it.
I agree my Porsche Taycan dropped $60,000 Canadian dollars - in one calendar year- then I bought it!!!!
But they can destroy the battery, which costs like 4x an ICE engine to replace.
Yup. If you're concerned about money, you know you should never but a brand new car - EV or not. They depreciate way too much the moment you drive them off the lot. Used EVs are great deals. (They weren't in 2022 when the used car market went COVID-crazy, but now the used market is reasonable again.)
You are still paying over ten thousand dollars a year in depreciation for limited range and higher insurance risk.
The next thing coming is insurance companies demanding huge increases to insure EVs.
As long as the increase affects ev only.
@@Jc-ei7hz But deep down you know it won't.....they will hammer us all.
22 years driving history - clean driving record to insure my Porsche Taycan is $400 a month?! This is crazy to me
@@Lifeisapartydresslikeit
400 a month? A cool 4,800/yr oooh wtf is even going on
That's a fraction above my monthly financing cost! Literally impossible math in every sense. The vast majority cannot do this. I take it you're an high income earner and I assume you can technically afford it without much issue but you don't _want to_ (obviously)
Another EV bites the dust, as the Tycan becomes Bye-can? 😁
@@rosen9425oops it was actually $479 😅to get the Taycan Turbo. I have the 4S and I am insured for $249 a month which to me is still insane… I like that lol… bye can!!! 😢
This is another example of the thrashing one takes whenever they both trust the government, and falling for the hype about a product that "no one wants"!
Resale value: Just two months ago a Tesla Model S85 that was 80k new sold on eBay for $8,100 because the battery failed.
An EV with a battery that failed is worse than a car with a blown engine. Remanufactured engines are available pretty cheap. Batteries are not cheap or available.
@@TNitroH I don't think you've shopped for one.
Alex over on LegitStreetCars will have so many Teslas available to LS swap. He's even in Chicago so that is even better 🤣
I heard the same. Tried to look it up, but was never there.
Batteries aren't that expensive to repair if you know where to look - czcams.com/video/n8-OkfCcRAo/video.html@@TNitroH
A new term was coined to cover EV depreciation, 'vertical depreciation' is now used.... and no second hand market for EV
Vertical, as in: "The value of my EV has fallen off a vertical cliff...splash"?
@@davidbrayshaw3529😂😂😂😂
@@CosmicSeeker69 It gets even funnier.
It's ten feet under water and it's on fire!
@@davidbrayshaw3529 Yeah, Tesla can burn under seawater.
You can also look at another EV option - not mentioned here. I own an immaculate 1971 Beetle, and had this converted to EV in 2019. There is no depreciation. Beetle uses reliable Tesla Batteries. No servicing - other than Brake Checks annually. Beetle charges overnight. It leaves many modern ICE cars at the Lights. Any Electrical component that fails - could be changed, because all available online. It has a top speed far in excess of the std Beetle. To date, the EV Beetle has handled torrential rain, and badly-flooded roads. 100% reliability. Battery Packs are positioned 600mm higher than the road surface, so never an issue with debris (on the road) causing Battery damage. Range is approx 100 miles. Car has A/C. We still own an ICE SUV for those long trips, and the Beetle is used almost daily, around the city. There are specialists in the UK / USA / Australia doing this work. It made perfect sense (to me) to future-proof my Classic Car.
it's been minus 25c here in sweden this winter. our leaf is not usable in this cold. utter waste of time owning in a cold climate.
the Nissan Leaf has got to be one of the crappiest EVs. It doesn't have battery thermal management. Even something like a Kia eSoul would have been better
EVs are fantastic!
Apart from the poor range, charging infrastructure nightmare, range anxiety, chance of battery fires, poor towing capacity, inability to know what your range is on hot or cold days or on the freeway, high initial purchase cost, high battery replacement costs, poor build quality, high collision repair costs, poor reliability and that the depreciation takes off faster than a dingo with a baby....
they are fantastic!
You forgot to mention that you go through tires faster with Ev's, because they are much heavier than a typical vechicle. I couldn't be happier that Ev's are proving to be the joke that they are.👍
And what about sky high insurance!😂
yea the model t was not that great either you might be more comfortable with a horse
😂😅🤣👍
They accelerate rapidly.
One Chinese electric car company sold 3 Million pure EV car's last year. That is just one manufacturer.
I find that most people that buy an EV are virtual signaling and have a normal ICE car
I seriously considered an IONIQ 5 that I would have taken delivery around Christmas time 2022 - while I wasn't going to have to pay anything above MSRP there weren't that many other discounts. For us an EV would have been fine - mostly around town trips - occasionally 40-50 miles in a day on a weekend but no longer trips. We don't own any EVs today and while they are still somewhat interesting to me the "novelty" has mostly worn off. I now (a year later) feel that I really "dodged a bullet" financially.
Exactly what I told my landlord who was looking at a LR Tesla two years ago....
Same here. Had the VW ID4 and then Nissan Ariya pre-ordered, but when they came in and weren't universally praised I passed. Now it seems like real issues with the cold and no re-sale market is really changing attitudes.
For my use, local driving only, 100 miles daily max, it would be perfect..but....
I think Toyota's had it right from the beginning of this, 50mpg hybrids and small battery packs and motors. It's where i"m looking now.
I love my ‘24 Ioniq 5. I’ve had it about 3 months and it’s so far the best vehicle I’ve ever owned. It may not fit the lifestyle of everyone, but it absolutely fits that of my family. We don’t road trip often, but when we do, an extra stop for 20 minutes to recharge has actually been a welcome change. I can get out, stretch my legs, go to the restroom and maybe a grab a bite to eat/drink. The car is quiet, comfortable and rides well. It has all of the tech I would want (hello CarPlay!) and overall just pleasantly gets me from point A to point B. That said, if you can’t charge mostly at home, or if you routinely take long road trips and prefer to just “power through”, then I wouldn’t recommend an EV for you. At least not yet. Technology is marching on, and EVs with recharge times under 10 minutes will be available by the end of the decade, as well as with improved towing capacity. However, ICE vehicles will continue to be a major part of our transportation system for decades to come.
I had a Hyundai hybrid before getting my Tesla. I do like Hyundai and think you would have been happy with it per your driving habits.
A 60,000 dollar battery replacement bullllet.
The thing about EVs is for the most part , EVs have not been around long enough to see all the cons that come with owning an Ev. And those marketing them will only tell the public their good points , but people are slowly starting to find out EVs are not the be all they are being made out to be.
Not to mention, imagine paying good money for a vehicle that the longer you own it , the more they deteriorate in range which is not particularly good to start with, and imagine having to pay huge dollars for a new battery after the vehicles warranty runs out when it’s only 8 to ten years old.
EVs in my view are very poor value and full of compromises.
EV's are a great choice for some car buyers. But this whole "EV's can do everything better than ICE BS" is starting to come back to haunt the industry. We're starting to see a lot of "real world" data come in from those that don't particularly have and interest in EV's but rather just needed a car.
We're seeing how much it costs to replace batteries and we're seeing that it's a lottery as to whether or not you'll be the lucky one to do so. We're seeing the practices of Tesla with regards to "replacing" batteries under warranty. We're seeing fires in car parks and on ships. We're seeing the charging network for what it's really worth and we're seeing what happens in cold environments. And we're seeing full life owner costs...depreciation and insurance.
Like I stated, EV's have a place in the transport mix. But this EV's are going to save the planet and save you a fortune at the time nonsense, forget it. It's doing more harm than good.
Hey man, outstanding video, well stated. 3 weeks ago, I purchased a 2024 Hyundai Santa Fe (ICE). While sitting there I asked my sales woman about electric, out of curiosity. She said Sales Managers roll their eyes when someone is trying to trade in a Tesla. You get nothing for a trade-in. She said even the new electric Hyundai's are very slow movers. They also have a Genesis dealership. She sold an electric GV70 SUV and the customer was back in 6 months to unload it. A good friend works for Nissan and while he has sold cars for a period of two years, he has never sold ONE of the electric Nissan Ariya!
Don't forget there are two demographic groups where the electric car is a non-starter: Apartment and condo dwellers. The reason is (or should be) obvious. These two groups have NO place to charge it - assuming the grid holds up. Given CA and rolling blackouts, imagine if you had all those EV drivers suddenly move to TEXAS with its flaky grid that collapses if you look at an outlet wrong.
If they try to ban the sale of new gasoline cars we will likely get like Cuba with all its 57 Chevys. The EV has 2 problems that may never be solved: Batteries that degrade with each charge like an iPhone and takes too long to charge making it no good for a long range road trip - unless you mount a (gasoline powered) generator on top! About the best thing going is the plug-in hybrid. If you're a homeowner but not Texan, you can get a few gas-free miles while an apartment dweller uses it in normal hybrid mode.
How much longer before we hear that banks refuse to finance the purchase of EVs unless you agree to a term of 1 year. Default after 1 year on a longer term loan (e.g. 5 years) and the banks will have basically ZERO value in any repossessed EVs. As Ben identified most people buying these boat anchors earn over $100,000/yr but still live paycheck to paycheck. Any problems in the economy may cause they to just walk away from their EV and let the bank take it.
Been driving an EV for 2.5 years. Best vehicle I've ever owned. lol calling it a boat anchor because every individual failure is a news story to media outlets who survive off ad money from Big Oil, legacy autos, and dealership networks.
@@tHebUm18 Percentage wise of your annual driving, how much non local commuting do you do?
@@Celtic-Texan Guess it depends on what you consider "local" commuting. Go to my parents roughly every 1.5 months for a long weekend which is 60 miles one way--AKA totally fine round trip without charging even in -40F winter w/ days sitting outside.
Not much in the way of road trips, but it's a Tesla so that'd be perfectly fine too--take a bit longer, but be much, much cheaper.
But that's really the point: over 90% of most Americans annual driving is ranges they never would charge anywhere but home. But even for road trips some people love them because it's so much cheaper and they like taking ~hour breaks every 3-4ish hours driving anyway.
@@Celtic-Texan I don't drive much.. but I did drove to my son's college and back in the same day. Round trip of 600+ miles and that convinced me to buy a 2nd EV and dumped my ICE. Owned the first EV for 1 year and no problems whatsoever... I do charge at home mostly. I also have solar. Gas savings and insurance savings I got from using the EVs is well worth it. My insurance went up like almost 3 folds on my ICE vehicle that I had to drop full coverage to liability only. Glad I sold that car. It does handle extremely well, but the acceleration is nowhere near any of my 2 Teslas.
Drove 800 miles each way to South of France last summer in a Tesla, no big deal at all and amazing roads too.
Norway is cold in the winter and they buys lots of EVs, so how come?
Not for this video Daniel. These guys certainly won't be going to Oslo. Some countries embracing EVs more than others.
@@simonpettit8548 lies, i looked up what was the coldest day in Oslo 2023 and its just -15.1°C (5F). Chicago got colder than Oslo last year and i am in Minnesota where we got down to -39.44°C in 2023. Your winters aren't as cold as you think.
Do some research before asking dumb questions. Chicago gets much colder than Oslo
@@apoopoo999 Norway isn't just Oslo.
Because norwegians are essentially forced to buy them over Ice by the government. The adoption there is not voluntary @@danielstapler4315
Take no notice - if you like electric vehicles then buy one, if you prefer a diesel or petrol then get one of those - its only a vehicle and all have their pluses and minuses... just enjoy what you drive people!!
Interesting stuff, thanks.
I bought my EV Hyundai Ioniq5 at the top of the market in 2022 and that’s because it was when I needed a car. Yes, they like the Teslas have come down in price. But taking into account gas cost savings we’re still very happy to be in an EV, and content we are doing a part to lessen use of oil products.
Here’s my advice. You’ll probably not be happy w an EV if you live in a cold climate and can’t charge at home. Road trips in the cold regions will be a challenge.
If you can charge at home, especially if you can have solar panels, if you can plan your road trips for when weather won’t happen then you’ll be thrilled with your EV. In family situations it’s nice to have a second vehicle that’s gas for the alternative. Yes I would love to have a Ford F150 or Chevy Silverado EV, but wouldn’t buy one till the towing range is better and they offer in basic trim models that aren’t 100k.
Just saw the price of a new battery for your vehicle in Canada 60,000 dollars , there goes any savings or environmental benefit when it’s 15 years old !
@@davidparkes7226 Considering batteries last between 250,000 and 350,000 miles then it really isn't a problem and by the time that comes up it will be around $12k to replace but then again who is going to put a new battery in a car with 200,000+ miles? Oh and it will get recycled so it won't be bad for the environment.
Spot on. The savings in gas and I have solar, so I do charge at home more than anywhere else. I ain't worry about battery replacement as my car won't ever get to that 100k miles or 8 years. I have replaced my cars every 3-4 years. I'm not keeping an aging dinosaur when newer cars are available.
@@Aircam73good thing batteries last 200k + miles then.
@@ryanvandy1615 Do they really? They seem to last for about 7-8 years, depending on the operation conditions. After that they will still work but hold almost no charge so you will have to replace it. The battery costs you about 10k per year if you do the math.
It’s interesting how many reports are now including Hybrids and PHEV under the “EV” data… it’s almost as though the figures for pure EV’s would destroy the EV narrative, without the inclusion of what are very obviously not Pure EV’s.
If you look into the numbers of EV data, hybrids are a tiny share. In fact, in more developed EV markets like China and Europe, hybrids are collapsing. Plug in hybrids are dumb and the worst of both worlds--all the downsides of both and lugging around a totally useless extra powertrain for no reason 100% of the time. Legacy automakers are pushing the hybrid narrative (and media helping them because they know where their ad money comes from) to keep making money off their ICE investments.
As a consumer of battery operated everything , tools , phones , ect.
Hybrids make the most sense because of the self charging w/it's battery management & auxiliary capabilities. Coupled w/ an adequate sized ICE motor (combo) for it's intended use .
Hybrids and PHEVs are battery assisted ICE machines.
OK, here's the sales data for fully electric new EVs in the US in 2023 (no PHEV or hybrid): Sales up 46.3% over 2022. Total sales of 1.189 million units. (Source: Cox Automotive)
A 46.3% growth rate seems like a pretty positive narrative to me.
After watching the mess in Chicago with the cold weather reduced range and longer charge time, I'm done even considering an EV. I like Hybrids or possibly a plugin if the price is right. I'm 70 years old, so it would be my last vehicle.
This 75 year old hears you loud and clear!
IF sales drop, then installation of charging stations will not go ahead fully. Hardly any charging stations in my area, so it's a gamble for longer distances. As a pensioner. Now on limited income it's unaffordable. Next two years will decide if I carry on driving. Insurance and road tax hikes will be the killer.
I had a charger installed for my new model 3 delivering in feb/march, and I’m even having second thoughts on whether to accept delivery due to the sky high insurance I’ve been quoted
If you live in an apartment or somplace where you can charge at home it might not be a wise purchase until chargers are a lot more prevalent. Many hotel chains are now starting to put in chargers, I think many other business's will start doing that as well, especially restaurants. Charge while you eat.
50% depreciation in a year must be trade in value because I haven’t seen anything listed for sale that low.
Deluded seller is a thing
Just because it's listed for sale doesn't mean it's selling.
I got my Tesla Model 3 2.5 years ago. Per KBB estimate, it's worth $35-40k to a private seller. I paid $46,900 (closer to $50k with tax/transport fee). 🤷♂
A lot of the deprecation nonsense is year-over-year data ignoring the fact that 2022 the auto market was broken beyond belief--I could've sold my car for a $10,000+ gain a year after getting it.
If you can look at the history of the vehicle on the sales site, you might find that they've been sitting there for a very long time unsold. Asking price on a vehicle and sales price are two very different things.
Higher end non-Tesla EVs are getting hit the hardest. Taycans, E-Trons etc.
"Even Range Rovers for goodness sake, hold their value better than fully-electric vehicles." 😂😂
Actually they don't but don't let facts get in the way.
But... Great - lots of second hand EVs at knock down prices.
I'd buy a cheap second hand Tesla any day.
Any other 'legacy' manufacturer VW GM BMW Ford etc - not so much... because they are rubbish. Chinese make a better EV than Ford.
BTW Range Rover also make an EV model - so get used to it.
Of course the Tesla Cybertruck is streets ahead of Range Rover - but who cares eh? Only discerning buyers.
@@ejbh3160 Hilarious. I quote what Ben said, and you're addressing me as if it's my statement. Freaking Tesla fan-boy.
Sold my Tesla in 21 and made money on it so that’s total BS..
@@skepticalmechanic tell that to people tha bought an ev in 21 and how are losing 40% what they paid
@@ejbh3160 There's a reason why second hand EVs are so cheap. It's because they are extremely risky to buy. If anything goes wrong the only place that can fix them is the dealer, costing lots of $$$. And the battery especially, it's near impossible to detect a battery that's close to failure, unlike the engine or transmission of an ICE car. And with ICE you have the option of going to an independent garage to do the major repair for way less than a dealer.
Tragic? Forcing a choice on the consumer usually does not end well. EVs are great...for city commutes and short drives outside the cities. Long distances are a hassle and EVs make no sense for people in the rural areas. Fire risk, cold weather "performance", and range anxiety are major problems to be solved. It would take a massive investment in the electrical grid before this EV thing will be ready. Superchargers need to be installed at levels that would make "filling up" a hassle free experience. Instead of forcing EVs as the only option, why not give the consumer a choice?
I just saw where VA has a mandate for 35% EVs for all new cars by next year...ROFL no way is that going to happen... the Republicans there tried to overturn it again, but delusional zealots just cant get it through their head you are not getting 35% by next year through any other method than force...and us Americans tend to have an issue with being told what to do after a point.
What's great about them? I can't think of a single "great" thing.
Ev's what a silly idea billions will be lost.
@@jedjones9047 Ford & Chevy have already lost billions of dollars.
I've seen more than one CZcams video that implies that " supercharging " your EV battery is actually harder on the battery pack than slow charging and will shorten its life span, meaning that the owners of these EVs will have to spend a lot of money to replace their battery packs even sooner. Most people I know can't afford to do that.
my aunt's husband is relatively wealthy. he said he would not buy a full EV at this time because he believed that it was the fastest way to lose money. forgot his exact words, but it was something like "I did not become rich by throwing money away... and buy a new EV is beyond financially irresponsible"
Sadly, I watched over the last 20 years as EVs rose, and thought with the rate of advancement I would have one in a decade or so. Well, batteries are still too expensive to be able to cope with winters, and the electricity to fill them with is double to triple what it was here in the UK, compared to 2012 prices for example (12 years ago), and so forth. Yes, for five years we’ve been promised the ‘Dacia Spring’ EV, and by the time it arrives, the party will be over. We’ve gone through the entire gamut of EV interest, and I bought a Toyota hybrid as my retirement vehicle. I need heating in the cabin to work. We have occasional 24-hour stoppages in winter on our motorways, a white-out in winter, and if I were stuck in one of those, I’d need heating that didn’t die after 5 hours. Coming off a hillside walk in the Lake District, I’d need heating to warm me up in autumn or winter, so my reflexes etc all work, making it safer to drive. Batteries are also basically not yet energy-dense enough I suspect.
By the time you have enough capacity to heat a car in winter, it weighs 2 tonnes. Now, many will say they get along just fine, and most drivers don’t need long distance capacity…to which I say, I thoroughly admire and envy your lifestyle. I don;t choose to do a 250-mile trip to collect my daughter from university for an emergency reason - the operation happened and then at zero notice she asked me to. This, is the absolute failure that I cannot have, to fail in my parental duty in some way. No, batteries still are not there, the vehicles are too expensive on the used car market (£30k for a ten-year old Tesla etc), and the insurance is triple what ICE insurance is, and they are too fast for my needs, the seats are terrible in a Tesla (£55k Model Y I drove for,an hour), and my feet froze in a test drive.
Kia Soul seems the best, with 64kWh which for its size is brilliant. And that, even that proposition really needs your home to become a power station, to be economically valid…oh hang on, that takes about £20k of investment too. No, can;t see it working, unless I treat it like a stamp-collecting hobby: expensive, and no practical use, but I have my system for doing it really well-worked out. An EV is just suited to a niche of users. My guess is batteries need to be about 50% more energy-dense, then small EVs will ‘work’ better. I’d logically need my home to FIRST be a power station using solar, wind etc, THEN move to get an EV. But, I have not the budget for both. There it sits, I reckon I am forty grand short of the investment needs. Take care all.
Recently in the uk we saw EVs that were 80k selling for 30k second hand 2 years later
Other 30k cars dropped to 10k in 2 years
They were supposed to be cheap, but how can anyone stomach losing 50 grand or 20 grand in 2 years?
Maybe I'd buy one for a tenth of it's new price, but I'm not paying new price
EVs became cheap because Tesla cutting prices drastically as they ramp up and price competition with other EVs. 2022 Model Y was as high as 68k. 2023 Model Y cut to 56k then 52k. And those prices are even before tax benefits for the US market. With POS on some EVs, the 52k price becomes 45k or less. With the upcoming factory in Mexico, expect some newer Teslas to sell for 20-25k that are specifically for the mass market. However, the charging of EVs needs to be fixed where they can still charge in cold weather and better range for the general public.
Rember that with mileage you close to replace of battery which ja 5 digit cost. This in many cases may mean no sense.
@@Atomus87 I doubt it'll be 5 digit costs by the 8th year when warranty is up. Unless you think technology stops advancing and we really going backwards and we will start using pony and carriage again...
@@r.l.8170 those bateries wont get cheaper, only more expensive plus more expensive labour. New models of batteries for newer cars could be cheaper, but you will be stuck with the technology this old car has. That's obvious, isn't it?
@@Atomus87 It won't matter like I said. I won't have the car more than the length of the battery (8 years warranty) or more than the mileage (100k miles). My cars gets replaced every 3-5 years and they typically have roughly around 30k miles when I do sell them. I don't keep old technology. Same goes for any other computer, cell phones, electronics, etc. I always sell them and get newer and better stuff.
Next November will be the greatest defining factor of the future of EV's, as well as ICE vehicles.
😂😅😂
Not true!!
There's a lot of truth to that. If the Republicans take control of the house, senate, and presidency, they can eliminate the tax credits toward EV's and "drill baby drill" until gas is a dollar a gallon (or way cheaper than now). That takes a lot of the starch out of the sales for EVs.
Why November 2024 specifically?
@@doriangray6985 DUH
So I’m 58 years old. I’ve worked at independent repair shops and at dealerships. And one specialty shop. In my experience in automotive. Watch what happens when gas prices go back up. Don’t forget there’s a war going on. Today is April 6 Saturday 2024. As of yesterday a barrel of oil went up. And there’s conflict. You’re going to see EV sales rebound. We in Southern California have seen seven dollar a gallon gas. Don’t even think that’s not coming back.
Under Trump, 3 dollars/gallon. Under Biden, 6 dollars/gallon. FJB!!
@@keeluo2188 Absolutely
Some of the 2023 EV growth was due to the chip shortage Covid years. Also, there were only 2 electric vehicles (Tesla) in the 2023 top 25 U.S. auto sales. Pretty much everything else were ICE trucks and SUVs.
ICE vehicles were affected much more by chip shortages than EVs were. Tesla made workarounds that legacy OEMs could not do, so they were less affected.
In fact it's ICE sales growth in 2023 that is the result of supply chain rebound.
But still, the growth in EV sales in 2023 was about 6x the growth of ICE sales.
The reason only two EV models were in the top 25 is, legacy OEMs still haven't figured out how to compete with Tesla in the EV space.
Those two models accounted for about half of all EVs sold in the US. In other words, those two models have about 4% of the US auto market. One of them, the Tesla Model Y, was the best selling vehicle in the world in 2023.
Batteries don't work well in cold weather.
That's why you precondition them. Once they start warming the charge speed increases. Driving keeps them warm so no problem.
ICE cars use lead acid batteries, which have the same problem except many people don't have battery warmers. Then you have to get the engine started.
How do you get out of an ev in an emergency if there's an electrical issue?
Most of them have emergency door releases similar to a basic door handle
You can’t, nor can they get in from the outside to save you once the battery shuts down.
@@zfunk9 what? Do you know anything about cars? Anything? Ev’s aren’t the first cars to have electronic door releases? Just about every car has a battery that can die? The cars with electronic door releases usually have a backup manual release, like the c7 corvette?
@@theempowerer5718 I am speaking from experience, we had a Tesla Model 3 that was rear ended. After the crash, the 12V battery died within minutes and the doors were locked shut. They were not able to be opened up by the police or towing company. They had to get a jumper box, go through the front bumper to get access to open the frunk, to then charge/jump the main battery to try to give it power to unlock the doors. What a mess. If someone would have been stuck inside with the doors locked like that, they would have been dead. Crazy dangerous.
@@zfunk9 have you heard of the manual door release right below the automatic one on your door?
Why they suck:
1- Way more expensive than regular ICE cars.
2- Range anxiety.
3- Actual range depending on weather.
4- 30+ minutes waiting for a full charge. Good luck waiting in line.
5- Constant wear of tires needing to be changed every 5K miles (if you want to be safe).
6- Risk of battery failure and replacement that costs $20K or more.
7- High insurance costs.
8- Can't go off-the grid off-roading.
9- Risk of spontaneous combustion that can burn your garage and house down (besides the car itself).
10- Power grid blackouts.
11- The car value depreciation mentioned in this video.
where are you getting your info? Because a lot of what you state is false.
1- EV's are coming down in price, The Chevy Bolt is mid-20k
2 - in the US there is over 50k recharge stations, most owners plug-in at home and charge only what they need to get to their destination so they don't charge for very long
3- most people don't travel more than 100 miles per day, most EV's have a range around 200 miles or more, cold weather only drops about a quarter percent and not more than 50% battery life, so shouldn't matter. Tesla's have an ingenious way that it heats the battery, so even if it depletes, you can still charge it.
4- see 2 and 3. since there are not many EV owners still, there are less people charging.
5- modern standard EV driver's don't have that tire wear problem. not sure where you heard that. Consumer Reports says it is only 20% faster than gasoline cars. Fully Charged did an episode where they asked EV drivers how long their tires are lasting, and it is beyond 35k
6- New vehicles under warranty don't have to worry about battery failure replacement costs. Some warranties on EV batteries are 5-8yrs, newer EV battery technology are rated beyond 10 years.
7- in the UK one owner stated it was about 1.5k for the year for his EV sports car insurance
8- i'd suggest that you look up charging with portable solar power / portable gas powered generator for off grid / off-roading
9- if there are 1.5 Million EV's but we only hear a few vehicles combusting, burning someone's house down in the news.. that means something. there are gasoline engines known for catching fire just sitting on a cargo ship. if the fear is real, you don't have to buy an EV. Everyone has options.
10- all external charging stations are on their own electrical grid, so if one grid goes out, you can seek another source to charge.
11- all one needs to do is search for EV depreciation rate to see what it really is. A Tesla Model Y will depreciate 23% after 3 years
You have to remember that the development of EV's is a process and we are just in the middle of that process. You have to make a distinction between the state of the art now and what will inevitably come. The first digital cameras were 2 Mega pixel and cost £500, the first flat screen TV's cost £4000 and were poor quality LCD's, the first Commodore PET desktop computer cost £5000 and had 128Kbytes of RAM. The first hand held GPS receivers........ EV's are coming that will do over 1000 miles on a single charge. Will have ever lasting batteries made from cheap, environmentally friendly materials and will charge in minutes without any degradation. Probably a bit pointless to criticise EV's at this moment in time.
@@marviwilson1853 A process? I'm guessing you didn't know that in 1910 electric cars were more popular than gas. There's a reason why they ditched them, and history will repeat itself once again since people don't bother to learn it. Also, it's planned to make EVs expensive and inconvenient so that corporations can profit while people go back to gas cars.
@@evoluxsion7339 Oh dear, oh dear, how wrong you are. The first gas powered cars obviously, at the time, replaced the early electric cars because the weight and energy density of gas far out weighed that of the early, heavy lead acid batteries. It still does now but to a far lesser degree. Now we have global warming and the world needs to change from the fossil fuel age to the electric age. EV's are part of that Kyoto world agreement of change. All new technologies follow the same price/demand curve. Expensive early adopters through to cheaper mass market uptake. At the present time we are entering the cheaper, mass market stage. Tesla pioneered the technology and the Chinese are filling the mass market. One Chinese company alone last year sold over 3 Million pure EV's. EV's are coming that will do 1000 miles on a single charge, have batteries made of cheap, environmentally friendly materials. Will charge in minutes with no degradation and last forever.
Thank you very much. The information you provided was very helpful for me!
Except most of it was propaganda
It is about having cars internet connected and controllable remotely. Not about earth. My theory.
The Simpsons were right again.
It is also important to mention all of the horrible fires that are occurring as a result of the EV batteries, both while sitting and also while being driven. Local fire departments really should be educating the public more in this subject.
Is the rate of BEV battery fires more higher than ICE fuel fires? There have been an awful lot of car fuel fires over the years, not only in the cars but in gas stations and tanker trucks.
@@hueywallop2461 Even though many early figures came in with battery fires being less than ICE cars they don't talk about the entropy factor. The longer the cars are on the road, the more damage they accumulate, the higher the risk of fire becomes. Hard to say how that might end up looking in 10 years when today's vehicles are much older.
Wait until you can’t park and charge your EV in your garage. It’s a safety issue and it’s coming
@@hueywallop2461 The big difference is the risk with EV fires. It matters little that ICE engines have MORE fires..... when they do occur, they are usually slow burners that can be put out fairly easily by a single fire extinguisher (especially when not from a ruptured gas tank in collision, which is usually above the rear axle where it is protected from most impacts from the bottom and even rear collisions due to several feet of trunk & bumper). They fires in the engine are usually contained by the engine "FIREWALL" that the steering column passes thru & which separates the engine bay from the passenger compartment, and they do not burn fast and engulf the car & the surrounding objects in flames or threaten an entire building structure.
However, when an EV fire occurs, there is guaranteed to be FIREWORKS!!! Here's a playlist cataloging what a SPECTACLE they are:
czcams.com/play/PLAQf9tD6dnaCt_tu7y9buqvQhU9Neo5Gv.html
Good thing they are statistically LESS frequent to occur, b/c BOY HOWDY, they are a DOOSY!!!
The problem is that a minor impact (who hasn't had 1 or 2 fender benders) can present signficant risk of a very expensive and dangerous situation that is a lurking unknown without costly teardown to inspect. Or sometimes, they just spontaneously combust in a garage of a house while on trickle charge, either due to the Battery Management System malfunctioning, or a defect in 1 of 7000 battery cells that creates a thermal runaway event. No ICE vehicle is likely to just spontaneously catch fire while it is NOT RUNNING (i.e. it's OFFFF!!! -- and things that are OFF are SUPPOSED to be safe... but yeah, that's a possibility with EVs, and I certainly wouldn't feel safe with that sitting in my garage while I sleep).
God Forbid that one of those defective cars happens to be in a structure/garage surrounded in close proximity by other EVs who only need the gentle assistance of a 1800 F degree hot 10 foot flame shooting out from a sister EV in order for them to join in and participate in an EV BARBECUE EXTRAVAGANZA!!!
@@Gary_and_Linda No it's not. Petrol is a LOT more dangerous.
Happy that I followed my gut feeling when I bought my car this summer, I got a Mazda 3.
LOL. Sucker! Paying way, way more for fuel and bending over and letting the government take your bum in extra taxes. Then bending over again and letting greedy oil company take your bum with fuel prices up and down and up and down without any rhyme or reason. Who prefers making oil companies and governments richer at the expense of making you poorer???
I still want an electric car. They work great here in SoCal where gas is $5 a gallon. Looks like they'll be some great deals on used ones. Teslas are a dime a dozen here and more so as time goes by.
Dont. the government wants you to buy an EV for a reason and its has nothing to do with the environment.
Too expensive to maintain? They don’t need any maintenance other than tires… that’s BS…
They really mean repairs and tires. If you don't drive like a maniac, you can afford the cost of wiper fluid OK.
well well, then go buy an EV and come back with some real world experience how it actually works. BS absolutely and you have no idea how much of it is actually being handed out
@@rosen9425 In have owned a model 3 Tesla for a year now… what would u like to know?
@@skepticalmechanic
Cool. What does servicing cost you annually? There are some insane figures out there depending on where you live.
Tesla starts at $500. VW at $750.
I won't be buying a second hand EV from you! They've got everything that a petrol car has except oil, a couple of filters and spark plugs.
Great video! Thanks!
Maybe someone here can answer this:
"If electric vehicles are so good, why does the government provide a subsidy for it?"
Thank you in advance for your sensible and courteous reply.
_"It depends on what the meaning of the word 'is' is."_ ~ William Jefferson Clinton, earning a contempt of court verdict and losing his law license
If you want to pervert the markets, exploiting government force for EV adoption is not only good, it's great!
EVs are so good to those green zealots whose lust for wealth and/or power cannot be satiated.
Indeed, if EVs really are so good, then the current administration and its handlers will prove their mettle, and the precious EVs' mettle, by abolishing all the mandates and subsidies. You and I both know they can't, so they won't.
The answer is that they are not as good, but can be in future as the technology develops. But to get the technology developed you need to get economies of scale happening to the point where it's financially viable for companies to try.
A second response, which is more for the long term, is that economic supremacy is always based on energy cost. The US has benefited from cheap energy for a century. But now China is way ahead with solar and wind generation which brings energy costs down. The US will not be able to compete with the Chinese maintaining a fossil fuel based economy. Energy costs need to come down and subsidising renewable energy suppliers is part of that strategy. The car market is just the starting point
As far as I've heard and read, EVs are expensive and unreliable which is no incentive at all, and using taxpayer's money to pay for expensive EVs for a small group of " better off " consumers that most ordinary taxpayers can't afford is financially and morally wrong in my opinion.
@@patrickchubey3127 i think that's a fair view. The purpose of the incentives is to coax the better off into buying American made EVs rather than foreign brands. China is way ahead on car supply chains, not just EV, so the idea is to get people to buy the US made cars rather than Chinese ones. Remember the auto industry never recovered from the Japanese imports and the same thing will happen again. There are tarrifs on Chinese cars as well, but they don't encourage US industry to step up.
I've done plenty of research and have read tons of articles, both pro and con and have seen a thousand pro and con EV videos. I'm in a position where I'll have to replace my 22 year old car soon but have a limited income, so I've decided to buy an inexpensive, super reliable Toyota Corolla ice car. We live in the country and reliable transportation is essential. Considering that we really only drive maybe 3,100 miles a year on average, mostly to the grocery store and other shopping, I could drive that Corolla for about 40 years before it had the same mileage as my current car has. It comes down to safety / convenience and economics, a small reliable ice car makes the most sense for us.
Hertz reailses perhaps too late the cost of battery replacement is a killer, plus if a driver damages a battery cover, likely the battery will be scrapped.
They write the whole damn car off we are told!
Very good video Ben. I'm over here in the UK and on this side of the 'pond', our Government and even local authorities are imposing fines on dealers, if they don't sell a certain percentage of battery cars. They are even looking to impose these awful and dangerous batteries on powered 2 wheelers. What people want is what should be driving the market, not the other way round. I'm not sure how it is in the US, but there is a growing feeling, that the only way to ensure people's compliance is to stop us having free movement. It will be easy to stop an electric car remotely, something you can't do with Petrol or Diesel. You asked what is the next 'banana skin' for battery cars. How about the likelihood of battery fires or thermal runaway, either just as they are being driven, parked or on charge, with the risk of burning your house down? I live in the country, but the other week, in London, one of a new 35 bus fleet, suffered a battery fire. All the other battery buses were immediately withdrawn from service. We also had the fire at Luton Airport last year, when a fire occurred and around 1500 cars and the whole multi-storey car park was destroyed. It took 4 days to finally extinguish the fire and cost at least £75m ($100m). They immediately blamed a diesel car, conveniently forgetting to say that it was a hybrid with L-ION batteries. Mustn't upset the ''green agenda'' narrative, must we? People here are not happy with this EV BS.
I live in the UK and I am a very happy EV owner. We forget that air pollution used to be a lot worse, due to steam trains and coal fires. The government moved to diesel and electric trains. They also introduced smokeless zones and banned coal fires. As a result, we no longer have the terrible smog in cities such as London and Manchester. EVs are an extension of that approach, further cleaning up the atmosphere in our cities to protect our health and reduce global warming. Sure it needs some cajoling and incentives, but in the end people will just accept EVs as part of normal life - as I do already.
You can't assume that in the future, EVs are not going to be tax-free. When states stop getting their gas taxes, this is going to be a huge issue.
I just made the switch from EV to PHEV. 40 mile PHEV battery range is adequate for most trips and 500 mile hybrid range at 50 mpg is not bad for the rest, and no range anxiety. EV battery cost at 12-50k and lack of aftermarket replacements, and lack of a healthy parts network are stalling EVs.
and you paid 10k more for the stupid phev system to save a little bit of fuel. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
phev are a scam. the cost of them means you'll never recoup your money.
I tried telling EV fanatics that months ago to no avail.
EV battery failures are rare. All EVs in the US / Canada are covered for 8 years. There was a study by a Canadian researcher into the life of EV batteries (Dalhousie I think) and they predicted about 800k miles before any need to replace. The battery will outlive the car. Just need to learn how it's different than taking care of your ICE. czcams.com/video/w4lvDGtfI9U/video.htmlfeature=shared
The environment problem with the battery, charging time, driving range issue, the crazy insurance cost, and insane high price of battery replacement would stop 90% of people buying it.
I think there is a bigger problem for the environment with gas and diesel.
@@bossman6174Total BS! Don’t forget that Congo is where almost all battery components for our cars, smartphones etc come from. And especially the west and their insane “green deal” are guilty of exploitation of the locals, CHILD LABOUR, environment pollution from that dirty-ass TOXIC cobalt/lithium mines, CORRUPTION in terms of price deals with governments, illegally buying those rare earths from those locals/children that every day risk their lives in illegally dangerous mines with regularly collapses with lots of deaths.
The rise of a COMMUNIST country like China is the biggest danger for western car manufacturers in terms of jobs, money, power and of course more mass surveillance with all those camera's, way too expensive electric cars that are popping up big-time, and all wanna benefit and jump on that "green eco-socialist utopian'' bandwagon.. 🤨 Especially the Chinese mining giants in Congo are guilty of exploitation of the locals, CHILD LABOUR, environment pollution from that dirty-ass TOXIC cobalt/lithium mines, CORRUPTION in terms of price deals with governments, illegally buying those rare earths from those locals/children that every day risk their lives in illegally dangerous mines with regularly collapses with lots of deaths. And don't forget the heavy machinery that are fully depending on FOSSIL FUELS.. The transport around the world with ships, plains, trucks etc. Manufacturing of battery's, solar panels and so forth.. Yada yada yada.. The list is long! This sh!t isn't ''green'' and ''sustainable'' or whatever raped gutmensch frame they put it in the west nowadays! 😒Climate change is big-business.. Do your research!
What do you think where all the electricity must come from in the near future with that absurd 2030 green deal and that we have to change to electric cars..? (Lobbied big-time by the car industry) but where does the energy coming from? Horizon polluting and birdslapping windmills? Biomass deforestation for heavy subsized solar fields and use the wood and burning it, under the name “clean energy” ?? That sh!t aren’t helping either!
With other words, its all to de-industrialise the west. And move it all to low costs lands like China, India, Turkey etc. While they build coalplants rapidly for example. Superprofits can be made in such countries where exploitation is normalized. All that we are so called “green, progressive, CO2 neutral, inclusive, diverse, jobcreating” or what ever empty worded blackmailing fearmongering PROPAGANDA theory they shove it in in the west nowadays.
@@bossman6174 Yeah, tell that to the child slaves mining Cobalt in the Congo. FEVs and FJB. 🥶🔥🖕🇨🇳
I disagree with parts of this video as it was based on more of an opinion than facts. For example, where are ALL the rolling blackouts happening?? Sure, we are asked to conserve electricity each year as a matter of practice. Which is smart, as people just shouldn’t leave items that run electricity on if they are not using them. We are also asked to conserve water each year as a matter of practice.
I do agree on the car depreciation aspect as EV’s do depreciate faster, but l feel this is a reaction to the market as EV’s are still new. In my opinion, most of the negativity around EV’s is because people are afraid of change and EV’s are going to disrupt the revenue streams of dealerships as you don’t need to maintain an EV in the same way as an ICE car.
It’s true EV’s are more expensive to repair, but car makers will adjust their prices as technology and EV adoption gets better. Regarding, Tesla dropping prices. That makes sense to me, as if you make a car and it’s not selling because the price is too high, then it’s common sense to reduce the price! The media wants to have their cake and eat it too. As if Tesla didn’t lower prices, then the media would say EV demand is down and the sky is falling! Of course EV demand is going down as anyone who could afford an EV has purchased it, and interest rates are too high right now.
Stay vigilant my friends, things are not as bad as we are being told, just a lot of panic and fear of change in the air. Remember, many many years ago some people probably felt ICE cars were a bad idea as we wouldn’t need as many horses!
And no, I’m not a Tesla fanboy as Tesla has its issues. But, I do believe in putting out a different perspective.
I agree. I've noticed a lot of media spin against EV's as soon as it looked like Tesla had won the EV wars, as it's the only company that can make them and sell them at a profit per vehicle. Elon bad, now EV's bad. Also, there are places where EV's just don't work and may never work. They're not right for everyone everywhere. There's a use case where they're the solution, and other use cases where they are not. And, there are people who don't really understand what they're buying and make mistakes. User error.
At what point do EV's stop being "new technology"...? Because its been "new" tech for 20 years now..
@@jonathantaylor6926 Some tech has been "new" for far longer than that. It stops being "new" when we take it for granted, and every failure of it or accident with it no longer makes a headline.
@@jonathantaylor6926 To be fair, EV's like ICE cars did before their technology matured will continue to evolve for many years. In comparison to ICE cars, EV technology is relatively new. In the meantime, in my opinion, consumers should have a choice and not be forced into purchasing an EV if that does not fit their lifestyle or budget.
Yea, the mentioning of blackouts is such a fear mongering tactic. You have to start questioning this CZcamsrs ethics after that load of shit he just dumped on an already skeptical audience. Playing into the fears and anxiety over EVs. They always talk a big game about the negatives to milk that almighty dollar from all the skeptical and anxious consumers.
Are these sales figures actual sales or pre registered vehicles.
Here's a thought about bank loans for EVs...if a bank fronts you a certain amount of money to buy a brand new EV and the resale value plunges below the outstanding amount on the car, your loan is under water and is going to stay there. What do the banks do?
If you have sufficient overall collateral to cover the amount they may ask you to consider using possibly your house's collateral value by combining the loans to consolidate their exposure on the car loan which is now a potential expense to them.
If you _don't_ have sufficient collateral to cover the loan that is under water what do the banks do?
Any banking folks out there want to try to stick-handle this one for me? I'm genuinely curious because this looks like a new problem in the making.
Corollary question: How many EV owners out there are under water with their loans right now?
I have no interest in an EV! A hybrid or plug in hybrid makes the most sense to me for efficiency.
They are very efficient by far compared to EV and ice vehicles, I am jealous about how efficient they are but then again what they need for is different compared to what I need a vehicle for which is why I have to move to a diesel. but those hybrids are pretty awesome. Even the newer ones that are being sold look pretty sleek.
@@TheAudi585 That Chevy and GMC 3.0L diesel in the 1500 trucks seems to be awesome for efficiency! Some folks are getting like 27 to 30 MPG highway with the baby Duramax in a full size truck. If you need a heavy duty truck then the small diesel won't handle it.
@@KPHVAC I gotta go diesel and HD, I’ve been pulling with my 5.7 ram but now I need bigger, I was gonna do the 6.4 but diesel just seems smarter.
@@TheAudi585 The 6.4 does pretty well and is cheaper to run. I had the 6.4 in my old RAM, after having a 2500 with the 5.7 from 2006 and , I have an older 6.0 Ford now (thanks divorce) but both the 6.4 and 6.0 pulled my 30ft RV no problem. The 5.7 was pretty sketchy at times mostly brakes and lacking going up mountains. Does the diesel do it slightly better yes, I am sure a newer one would even better but the cost for any fuel/exhaust system repair has put me off to most newer diesels personally. Some of my friends have some real horror stories on cost. I could repair my 6.0 with a major repair a couple times just for the repair costs on the fuel system one friend of mine paid.
@@davehilling3944 that is true and I don’t told too much well I should say too often, but often enough that I’m in between having another gasser or a diesel but you are right and another thing that catches me is the depreciation of the gas compared to the diesel and I was just gonna get a work truck level or Bighorn but if I’m gonna get a gas, I might go a higher trim level even though the work truck level is the only one that gets the 50 gallon tank straight out of factory, I also know that you can put a tank in the bed but I use the whole bed and I have a 6’,4” bed and I can’t play on a long bed that’s a Dooley. My 57 has also been sketchy with the brakes with really heavy loads, even though it has those heavy duty brakes, and just fine when towing even almost capping the limit, but it was also a work truck before I got it, and it idle most of the time, but they did take good care of it. My only problem is, I think somethings going wrong with it now from idling so much because I know I am towing correctly and doing everything I should be pulling anything
In Indonesia, one largest taxy company use BYD for their car. And it last for more than 500.000 km with ease
lol sure
Herz rent a wreck just sold off entire fleet. The cost of maintenance is higher than ICE. Cost to insure is higher and in canadian cold next to useless. Check out TFL EV and how their Tesla did at -20C. ICE is much better in cold and for range.
Hertz sold off the cars that were 2-3 years old with 50K+ miles on them, like they do with any other car.
Batteries need to be preconditioned to charge fast.
People are just too stupid to drive them, but that will change, I hope. At least they can be educated.
@@jamesvandamme7786 Sold ENTIRE EV fleet...so ALL OF EM
@@jamesvandamme7786 This. Same thing happened in Chicago. People have no idea how to operate an EV. And this whole BS about depreciation, yes, they are cheaper. That' what we've wanted. I couldn't give a fig if my EV cuts in half in value. I plan to drive it into the ground over the next 20 years so it it's only worth half what I paid for it a year later, it's irrelevant in 10 years when I've paid it off and it's still getting me where I need to go. EV haters grab onto every little thing they see to trash them. EVs will dominate before the end of the decade. Legacy auto can't build EVs that people want and dealers are vocal about their issues. So people believe EVs are not wanted. Yet, the company that this guy admits has over half the US market is growing exponentially. It's mind boggling how ignorant people can be of what's actually going on around them.
@@mikefoehr235 They sold them because they were so popular that instead of selling them when they normally do, they kept them longer and put many times more miles on them. They were worn down that much more as a result. The other side of this is that renters generally don't know how to operate these cars so they abuse them more than they should' Time and education of the public will fix this. Hertz will be back in the Tesla game soon. I'm not concerned.
They sold off 20,000 Teslas, out of the 100,000 they ordered. They will likely sell more, just want to space out the write off for accounting purposes.
Even when they first came out I decided I wouldn't touch an EV and knew the infrastructure and politicians saying everything will be electric by 2035
You cannot hide or neglect from supply and demand.....every product follows this simple rule
Ha ha ha - enjoy your bicycle.
It's not 2035 yet. We are about to start up the middle part of the S curve. Supply is low, demand is high, so when supply increases and costs get lower, watch out.
@@jamesvandamme7786 Dream on. Not gona happen
@@bob-qi4nr Look at sales figures over the last few years. "You cannot hide or neglect from supply and demand.....every product follows this simple rule."
Everybody's calling for a used car market collapse for the past 3 years also.... however I have seen a lot of slashing going ( over the past couple months) on as far as dealer trade- in inventory to try to sell these things
Don't forget they also built expensive version. Everyone but Telsa got greedy, if they would build more affordable versions they might have done better. The thing that makes me laugh is everyone thinks, these days, a car is an investment, no it is not. It will loose value the minute you drive off the lot, we had a year and a half of insanity and everyone thinks that is the norm. Build an EV that for $30k to $40k, with reasonalbe specs and people will flock to it. I'm not dropping $100k on an EV. Hell I wouldn't spend that on a regular ICE vehicle. There is a reason Camry, Accord and Civic are still so popular, they are dependable and resonably priced transportation.
You'll have to wait a couple years until all those battery plants open up, and the new, cheap models come out that are ground up EVs.
$100k a year is now equal to $70k a year in 2016. It's not that much money.
"Do whatever you want, make your own decisions." Really? Thank you. That is so kind of you.
The financial world is beginning to panic as more and more people simply return EVS because they are not a viable option.
Haha fake news. What's your source for this misinformation. Im sure you made it up. Because Tesla keeps selling every EV they make. Infact the Chinese are the number exporter of cars beating Japan for the first and all they export is EVs.
Let's hope so. A market should be self sustaining, not gov't subsidized and forced upon us because they think they know more than the general public or think they have the moral high ground.
Plus you have the concern that if you scratch the battery pack the replacement costs of the battery pack is more than the value of the car! This has never been the case with the average ICE car (sure a vintage Ferrari etc.) but most cars particular hundreds of thousand production runs of GM/FORD/Toyota/BMW etc. even if you cook the engine you can get a 2nd hand or replacement motor for less than the cost of the car as its net worth based on age. So many head-on accidents or T-bones there's always motors around and even cooked ones there are shops pulling them down and refurbishing them - particularly Diesels.
Great info!
Bought a Leaf for the tax credit 3 years ago, no issues but resale value really sucks. I’m stuck with it.
That seems to be one of the biggest problems with EVs. Selling second hand is a struggle.
You were one of the sheep.
anyone that did their research would know that as EV prices drop for the new cars it is going to affect the value of the older cars that were much more expensive. Don't buy unless you are holding for the long term. Until EV's are more common then ICE cars, that will continue to happen.
I think a lot of this is tied to the mental change in consumers when it comes to cars. They ARE depreciating assets and always have been. We really should be looking at cars as something we are buying to OWN instead of buying to get out of before they're paid off in full. Viewing them as some sort of appreciating asset is and always has been a financial mistake of epic proportions. With that said dealers are indeed heavily screwing EV owners on their deals. I think that's because they have zero idea of what they are and how they operate. They seem to be viewing them through the same lense as ICE cars. EV's aren't ICE cars, obviously. An EV with 100k miles on it is NOT the same as an ICE vehicle with 100k miles. But all things being equal they seem to be at a point where they're giving you more money in trade allownace for a Hyundai Sonata with 100k neglected miles then a Tesla Model S of the same vintage and mileage. It is truly insane.
Interest rates have a lot to do with people returning to normalcy in how they view cars...too expensive new, too expensive to repair, and slowly getting back to a normal depreciation rate. Though this does put a lot of pressure on used cars as we have continued to see.
@@davehilling3944I was offered 12k from Tesla for my 2018 Tesla Model 3. The car is better than when I bought it with all the software updates. I will keep it as an extra car.
I also wouldnt say blackouts are caused by vehicle charging. a/c, electric heating, water heater on avg uses more than ev charging.
Great video. Thanks
Good to see more and more of this content coming out. More people are becoming aware every day of the lies our governments are telling us and that's what we need!
I had a hydrogen electric Toyota Mirai for the last 3 years and recently switched back to a gasoline car. I loved the Mirai but its fueling infrastructure is abysmal. However, that is still better than BEV. I moved on because the car was totaled in an accident (minor rear damage but repair costs were more than market value). I was seriously considering a BEV because of how smooth and fun that electric drive train is, but decided to skip due to charging hassles. Boy did I dodge a bullet. Seeing EV values continuing to tank while repariability and battery replacement issues rise confirmed my early fears of EVs. EVs will make sense to home owners and short-range drivers but, even in those best case scenarios, there are plenty of concerns. I'm not giving up on EVs, but I'll sit it out another few years. My other car is going on 7 yrs now so I'll be in market again in 2-3 yrs. Let's see where the market & infrastructure is at that point.
Wow!!! Talk about some serious propaganda.
The only hydrogen infrastructure in the US is in urban parts of California. In these places, the EV infrastructure is about 1,000x the hydrogen infrastructure, literally. Because there's only about ten hydrogen fueling stations in the whole state.
Every city and town has grocery store parking lots with EV charging.
Since it doesn't get seriously cold, you don't even need a house or garage to use an EV. Charge it at the grocery store once a week, and you're good to go.
And since gas costs over $5 a gallon most of the time, then if you can charge at home, the fuel savings will pay off the EV in a few years.
This is why the new car market in California is over 25% BEV.
@@davidmenasco5743 I love my EV and wouldn't ever consider going back to ICE. You have to pay me to go back. I can charge the car at home so it was so convenient. My ICE when left unattended for like 2 months, the door won't even open. I had to google for a fix to force the driver's door to open. Then drove it in the freeway to recharge it or something. Silly stuff that I don't want to deal with again...
@@davidmenasco5743 The problem is electricity cost in California is so high now that even charging at home isn't that much cheaper unless you have solar power.
The problem is not the grid. The problem is not electric vs ice. The problem is who we are voting for. Other than rules to lessen pollution, government should stay out of this. If left alone, the technology and availability would advance in a natural way. Politicians and bureaucrats love to mandate. I have to believe that for many of them it is a form of getting high. Makes them feel superior in some way. Please vote them out. Maybe ice in the end is a better solution, maybe electric is a better solution. Let them compete without mandates. Btw, I do love driving my Model 3.
What was the car in the thumbnail?
The only new cars available on 0% finance here in the uk, dealers can't shift them, like you said the market will decide and it's looking like it has.
Yeah BEV/PHEV sales only increased 40% in the UK in 2023.
Brutal video. I dont even like evs. Tesla like you said makes up majority of sales, but if you look at used sales on those they have never lost half their value.
Almost like the challenges for legacy automaker's EVs is not a lack of demand, but because their products are both more expensive and worse than Tesla. Hence trying to shift the narrative in a way unsupported by data that clearly Ben has eaten right up.
The depreciation numbers look bad because 2022 was a crazy year for the auto market. I drive a 2021 Tesla Model 3 and could've sold my car for a $10,000+ gain after a year of ownership; prices reverting from that level of overinflated look bad.
Very rich people tend to lease their cars for terms of 2 years or less, and with the company's money. That is the best way to virtual signal and to make a public statement on conservation. They could care less if it is unreliable, they just take a cab home and their secretary will tow it next day. Then they will drive their Bentley, Porche or Benz AMG for a while. I think what got the message to the public , loud and clear about EVs (I call them internal combustion cars) is the insurance, they are starting to make it unaffordable to own.
It’s not only the depreciation it’s cost of insurance. In the UK insurance companies are charging sky high insurance premiums or refusing to insure EV’s at all after even minor fender benders because damage to the EV’s battery can increase the risk of a spontaneous battery fire.
EVs are now past 120 days of inventory, even after all the incentives EV manufacturers have made, selling EVs at a loss in order to push up sales numbers for 2023.
Now that we are in 2024, the EV manufactures and dealers are stuck with a backlog of EVs, which consumers are not purchasing.
This is because consumers are learning the truth about EVs and they have decided to walk away from an EV purchase, instead turning toward the more reliable and less volatile EV purchase.
1- EVs currently loose as much as 50% of their costs in the first couple of years of ownership. Most owners are upside down in their purchase by the end of the second year.
2- EV insurance, in short, its extremely high, with some companies deciding not to insure EVs at all.
3- Risk of fire. there is ample evidence that EVs catch fire, and when they do, they burn extremely hot, and are difficult to impossible to extinguish, because the batteries exhibit thermal meltdown, often called thermal runaway. Its a fire contained within the battery back that provides its own fuel and oxygen to continue burning. Burning EV batteries, put forth exhaust gases which can be lethal for humans to breath.
4- Infrastructure for charging is simply very limited, especially if you do not live in your own home and cannot install your own charging station. If you must rely on public chargers, you must learn to how to beat the game of acquiring access to a public charger. Further, you must wait hours to charge your EV at those public charges, as most EV manufacturers discourage the use of rapid chargers, as they limit battery life.
5- Cost, EVs are simply too expensive, and new EVs are out of reach for the common working man or woman. Further, their cost of ownership far exceeds anyone not making a minimum of 120k per year.
....
So, will EVs survive the current downturn?
No, The government and EV sales have bled the turnup just about dry, about the only purchasers left are zealots and government employees forced to purchase EVs.
I would expect Q1 2024 EV sales to plummet, with the remainder of EV sales looking very abysmal
.....
subsiding
There is also the emerging issue with home insurance. After the Luton Car Park incident, many Carpark operators are banning fully electric vehicles, and the domestic insurance market (always keen to extract more money) is starting to ask questions along the lines of "do you own an EV, and do you charge it in your garage?" Of course, for the very many apartment-dwellers, "home charging" is not possible anyhow, so for them EV ownership guarantees the need to be aware of locations of local charging infrastructure.
bull, Tesla 2023 record sales again.
EV sales in the US were up 46% in 2023, way more than ICE vehicle sales. You are painting a false picture.
That’s true for 2023, but in 2024, it feels like something has changed in the US on EVs, I’ve not seen a positive story for them this year.
@@phils4634Luton carpark fire has nothing to do with electric car, it was an older, diesel ranger rover
EVs are just a way of virtue signaling. They simply don't work at scale in the real world. There's a use case for them. Especially in warm climate, metro/suburban areas. But anyone who drives or plans to potentially drive more than 100 miles a day in cold climates its just not viable. Especially considering the never ending desire to stuff more people into smaller spaces. Without a garage, EV ownership simply isn't possible.
I don't have a garage (a driveway yes, but no garage) and often drive more than 100 miles in winter. I have no problem driving an EV. I had to charge at a public charging station once last winter. The whole experience took 9 minutes.
This summer I plan on driving from Toronto to Victoria. Granted, not in winter, but I don't foresee any problems.
Your lack of imagination does not make your pessimism true.
The Civic hybrid we have here in UK is kind of like the ChevyVolt. You are getting it soon I think in USA.
Doesnt have a gearbox , just some clutch mechanism which kicks in at a certain speed
It should have been plug in though , so that It's ICE would never be used to charge the battery - for a lot of owners .
Although as you point out PHEV seem to have a lot of problems..
PHEV and HEV are primarily ice driven. HEVs should be a class of its own, they don't do EV anything as the combustion engine always run as it is the primary source of propulsion even if it's going into the battery.
PHEV is also primarily ICE but EV added. Buying a PHEV for the EV capability though, is that a clever move? It's a compliment for short distance driving that can be done pure EV without being a BEV. Could be a good option for those without home charging ability
PHEV are the worst of both worlds--there's a reason in more established EV markets (China, Europe) their sales collapse as a garbage middle ground. Lug around a useless powertrain 100% of the time, get none of the benefits of reduced complexity/maintenance EVs have.
@@tHebUm18
And if you can charge a PHEV at home with low range you can charge an EV instead. Purchase price is ballpark the same so no benefit there. wow that is an incredibly bad solution
@@retiredbore378
the Kia Xceed hybrid I had as a loaner from the service shop the other day paints a whole other picture as it managed a whopping 68,38L/100km (city driving, roundabouts only). It never shut off the engine once. That's 3.44 US mpg!
I've handled an unimaginable amount of Priuses between 2008-2011 and they also rarely switched to battery only.
Total distance: 8km
Fill up: 5,47 litre
Rental companies, could you imagine running over an obstacle on the road and denting the EV floor battery pack, who is going to pay for the new battery pack, do you need to buy battery pack insurance addition when renting?
Ben, if EV's didn't start out so expensive, it would be a different story. A lot of us can't make $100,000 a year.
You couldn't pay me enough to own an EV!!!!! I will not allow one of those abominations on my property.
I make over 100K my newest vehicle is a 2018 the other is a 2007, no thanks I wont pay these crazy prices and neither will many others. I used to have a 2015 Ram 2500 I paid new what some people are asking for the same year used NOW.
@@geraldscott4302 Why?
The biggest buyers of EV’s are not private buyers but government agencies and businesses taking advantage of tax subsidies but now realising they’re not fit for purpose and don’t work in the real world subsequently the deck of cards that were stacked are tumbling.
That's factually not true. Infact the US government has very few EV in their fleet. This is public information so stop the lies. Majority of Tesla sales are to private individuals. Infact Tesla does not do fleet sales. You buy on the website like everyone else.
@@achasilas6535 I didn’t mention Tesla ? There are also buses and municipal vehicles.
The majority of people could not withstand the depreciation. People on 100k a year can take the hit.
If you buy a used EV how do you know the battery hasn't been damaged?
Look at the range readout or battery health indicator. And check the underside for damage.
If you buy a used ice car how do know the transmission isn't damaged? How do you know the engine has been serviced? How do know the previous owner wasn't doing donuts in a supermarket carpark.
In answer to your question, most EV batteries can perform a health check that will show degradation from new. Can't do that on an engine.
It’s interesting. I’m a 4Runner owner. Have a 22 sr4 premium 4x4 and the next car I want is the rav4 hybrid. I love my 4Runner and I’ll never sell it, but hybrids have gotten very nice. The rav4 is awesome and my wife wants something easier to drive around town and have the awd as opposed to dealing with switching into 4x4 with the runner. Really don’t like plug in hybrids though. Way too expensive, and reliability has been terrible. The hybrids however are just the best of all worlds it seems. Especially with Toyota and Honda, it’s just better fuel economy, better power, and you don’t need to worry about it. Just fill up at the pump as usual but just way less often. Plus the reliability seems to be even better if anything.
You still have to deal with a $7k hybrid battery replacement at some point. I’d never buy a used hybrid. 💸💸💸💸💸
So reliability for plug in hybrids has been terrible, but a regular hybrid is just fine in your careful analysis? A plug in hybrid is essentially a hybrid with a slightly bigger battery and slightly bigger electric motor, in addition to the far more complex ICE part which both share. Almost the same part count.
Agree. I asked a Toyota technician and he said to replace the hybrid battery want really that expensive. Something like 1500 euros if I remember correctly. Hybrids have been forgotten about in the current woke clown world we live in.
@@Brandon-xp1ob That’s just the labor cost. 💸💸💸💸
Article will not age well. Give it a year.
A year of very dissatisfied customers telling everyone about it? Yeah that has always worked well for the auto industry 😂 It did not take long for the press and Ford (crappy unmatured early tech) to kill the E85 market before it even started back in the day. That's even pre-social media days!
If anything, it’s good to know the downsides of EVs, the truth is often in the middle.
EVs are still garbage with $0 resale value on May 9, 2024. FEVs and FJB. 🥶🔥🖕🇨🇳
i think you are spot on
"Frozen Tesla" should be a new ice-cream flavor!
_"The Imminent Demise Of The EV Market!"_
I fixed the title for you, Ben.
Stay classy my friend.
Demise is spot on
Let's see how well this ages in a year or so.
"All the blackouts happening in California for example." What blackouts are happening in California right now? There are none right now. Are you talking about during the past couple summers? There weren't any. They successfully avoided them by conservation and by using grid-scale batteries. The effect of grid-scale batteries in maintaining the grid is vastly underreported. And, huge amounts of grid-scale storage are being added all the time. They also had similar grid issues in Texas, and Texas doesn't have anywhere near the number of EVs as California.
"They asked people to pull back on charging because the grid couldn't support charging all of these electric vehicles." During a heatwave, they asked people to not use high wattage devices such as clothes dryers and car chargers during peak hours of 4 PM to 9 PM. But, do people dry more clothes or charge their cars more when it's hot? Of course not. People use their AC more. That was the root cause: High temperatures causing more AC use, not EVs.
By the way, an online poll is not a scientific survey. EV sales increased 46% last year in the US vs the previous year. Even in Q4, EV sales increased 40%. Those are both large increases, and Q4 is not a a huge deceleration.
In the UK most people, charge their EVs between midnight and 7:00 am, because you get much cheaper rates when demand is at its lowest.
My philosophy with new tech is to always wait and see, and never be a first adopter. Well, not unless the tech is so compelling that I simply cannot do without it. We saw all of the people rushing out to buy EVs - some for good reasons (to save the planet, to reduce reliance on fossil fuels, etc), but many were just fools hoping to get rich by starting CZcams channels to promote / discuss the new EV tech.
And now we've seen:
(1). At least 2 rounds of aggressive price cuts from Tesla (and others)
(2). In Summer mid-2023, temperatures so hot that grids were buckling under the pressure and people were asked to not charge their EVs (or run their air-cond)
(3). In Winter late 2023 and early 2024, temperatures so cold that grids were buckling under the pressure and people were asked to not charge their EVs (or run their air-cond).
(4). In Winter late 2023 and early 2024, temperatures so cold that charging stations became graveyards of EVs because they would not accept charge. I saw videos of people waiting around at Chargers for 6 and more hours, trying (and failing) to charge their EVs.
(5). Hertz and Enterprise (and others ???) car rental companies selling their EV fleets (20,000+ EVs) because they are too expensive to maintain and no-body wants to rent them.
(6). The market flooded with new EVs, new car makers, new models, etc - especially cheap EVs from China.
(7). The EV battery fires and associated destruction that always make the evening news and are featured prominently in dozens of CZcams channels.
(8). Many stories / videos from EV owners showing how costly even minor EV repairs are, EVs being written off by insurance companies if there is even the slightest damage to a battery pack (even a small dent), and the cost of EV insurance sky rocketing. Also, how long it takes for an EV to be repaired, Teslas with slight damage taking 3-6 months or more to get repaired.
(9). The outrageous rip-offs in EV land. eg. astronomical service costs for such little work: replace washer fluid, replace brake fluid, check battery for dents, check tyre pressure ... cost 671 UK pounds.
(10). The new tech coming onto the market all of the time - safe batteries, long range batteries, batteries with much better energy density, etc
(11). The outrageous lies perpetrated by governments and the EV community: how EVs are much cleaner and far more environmentally friendly that ICE cars (even though they contain the same plastics, materials as ICE cars and also a dirty great battery that contains cobalt and other rare, materials which are mined with unclean mining practices), how EVs produce zero emissions (meanwhile most of the electricity may be provided by coal power plants), etc
(12). The availability and extremely high cost of replacements parts for EVs, replacement batteries, etc
(13). Extreme discounts on brand new EVs as car makers panic sell. eg. Ford selling out their brand new Ford F-150 Lightning EV trucks for (apparently) as low as $7,500 USD.
(14). Elon Musk's lies (and under delivering or non-delivery) for EVs, EV trucks, Tesla Semi, Hyperloop, the Las Vegas Loop, etc.
and so on ... and as knowledge about these things sink into the wider community, all of these will slow the sales of new EVs and speed the depreciation of existing vehicles.
Don't get me wrong, I love electric cars, and I do want an EV. I can do all of the driving I need to do by charging from the excess solar power on my roof - it will be as zero cost and as close to zero emissions as you can get. But I wont let rose coloured glasses cloud my judgement. I will wait for the right time to buy: when EV batteries are 100% safe, when I can get my EV and its battery repaired / replaced at a reasonable price and in a reasonable time, ...
Stopping to heat my house to help rich peoples have an luxurious electric toy.
Although precise figures for the industry are elusive, it isn't difficult to get a rough idea. According to the annual reports of Hertz, Avis, and Dollar Thrifty, rental car companies typically hold their vehicles for anywhere between 4 and 22 months, with an average holding period of 13 months. Also Hybrid, plug-in hybrid, and battery-electric vehicle sales in the United States have increased in recent years as sales have decreased for non-hybrid gasoline- or diesel-fueled vehicles. Also About four-in-ten Americans (38%) say they're very or somewhat likely to seriously consider an electric vehicle (EV) for their next vehicle purchase, according to a recent Pew Research Center survey. Pew Research Center conducted this study to understand Americans' views on electric vehicles. Also, A question that frequently comes up when discussing electric vehicles (EVs) is: “Can the grid handle it?” The short answer is “yes.” Getting that answer, however, takes working through a number of other key questions and doing a little bit of math. Also Compared to regular gas-powered vehicles, Teslas depreciate at a slower rate. One of the main reasons why Teslas retain their value even several years after initial purchase is their mileage range. Most Teslas will last over 500,000 miles, while the average person drives only 13,500 miles yearly. I didn't watch all of this video and maybe there are a few other ' facts " you need to get a grasp of. My guess you are getting paid by the fossil fuel companies to spread this information.
The Teslas I've seen for sale have all had massive drops from when they were bought new, In my country diesels are holding value way better than electric, my diesel 4x4 had 32000km on when I bought it 5 years ago now it's 100,000km and still worth what I paid for it then.
this is b.s. you are lying and you know it
@@jamespier7801 You are entitled to your opinion, for whatever reason you want to believe it. But you have to look at the facts. There are some videos that actually contain facts and in depth explanations instead of opinion and hearsay. Autoline Daily and Munro Live, for instance. You can leave politics out of it.
Dont' know who you are referring to here James, but I can admit I may be wrong because I got my info from Google and we all know how the truth can be misread from Google, ( I should have provided the links ) but time will tell how this all unfolds. Thank you for your opinion, but I still don't get the sense that this video is as well balanced and thought out as it should be. ( my opinion only ) @@jamespier7801
Have you asked EV owners if they want to get back into an ICE car in your survey? I bet you they would say no. EVs are not for every car buyer. There are millions of people living in suburbia who would love to have a second car as an EV for city commuting. When the model 2 comes around under $30000 you will sing a different tune
I would love to have an EV as a city knock around car, but I am not spending 30K for that. That's ridiculous. I'll just stick to one ICE car at that point. Most people don't have 30K to toy around with either.
@@ThePissedOffPigThe average price for a new ICE vehicle is more than 30k. Plenty of people seem to think this is reasonable even for a second vehicle.
You have to pay me to go back to ICE. They slow asf. I hate going to gas stations and lining up at Costco. I had to literally use a tissue paper to keep my hands from getting that disgusting oil smell onto my hand from filling up my tank. Gas is way overpriced and will probably get worse. I prefer the convenience of charging at home.
What is going to happen with the Washington state mandate for only EV sales starting in 2030?
In Canada, i see most used EVs selling for more than the MSRP minus the tax rebates, so unsure about your 50% loss in value after the first year comes from…