Why Are Electric Cars Losing Momentum?
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- čas přidán 6. 04. 2024
- In China today, a growing number of observers think that, facing intense competition from Chinese EV manufacturers, Europe-and German legacy brands in particular-might be on the verge of throwing in the towel. Is this the case?
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REV - The Global Auto and Mobility Show from Deutsche Welle
#DW #DWREV - Auta a dopravní prostředky
The VW ad shown at 9:34 reminds of back when they has "clean Diesel" in the early 2010's.
Fun fact toyota is now investing in diesel, I think they will combine their hybrid technology with it, VW's clean diesel thing was a good idea with a but application which didn't have to do with their mechanical expertise
Except that EVs are actually cleaner.
@@Simon-dm8zv except for when you factor in the mining industry and the battery replacement costs
@@ZoomZoomMX3 Nope
@@ZoomZoomMX3 1 million mile batteries, fossil fuel mining isnt a thing on EV. Please do some research. Car will die before battery
cheaper EVs is what is needed, not bloated and expensive vehicles.
No. We don’t need EV’S. We already have a system that works!
@@larrymoore8094works for existing car manufacturers and oil companies to rip us off you mean. You might want to look at why they don’t want you to have an EV.
Not only cheaper, but much higher energy density. A much higher energy density battery means that a much longer range, less frequent to charge it, much lighter vehicle due to usage of much lesser batteries.
@@larrymoore8094 if you don't want one, fine, but some do.
It is an excuse one car like my moped. But not for Bug Out vehicle or any emergency.
When cannot compete, change the rules.😂
Norwey will be accused of this trend. BYD destroyed all EV market.
Hey buy EVs for the sake of the planet! Yo..not these EVs, buy my EVs 50k overprice fridge on wheels
there is reason why resellers of used cars dont sell EVs, costumers dont want them.
You, said it all
It's about charging these cars. Right now no city produces that much electricity to charge even 50% of EV cars in a city. (Provides 100% People drove EV)
hahahaha, if German ev industry is in advance position, you guys will say ev is dying?😅😅😅
Funny how Chinese like you are using VPN to watch CZcams videos. No Freedom at all.
What is the purpose of living without freedom?
Yes,that's the point
Lol this is literally the dumbest title DW used ever.
lol@you. AT you.
and you are the dumbest person I've ever seen congrats!
The premise of this article seems silly. Interesting how competition in this industry is framed as war.
The entire video is silly... or more realistically STUPID. Real stupid.
In March 2024, BYD sold 302,459 vehicles, a year-on-year increase of 45.6%.
99% of these in China. So get back to me about this Chinese EV dominance when they start selling well here. And even then it will take me quite a lot of time to agree to put my family's life in the hands of a car made in China.
@@nevarran They don't sell enough cars in Europe because they don't have enough ships to transport to Europe, that's why BYD aggressively built their ships and is ready to transport them to Europe, you will see more Chinese EVs in Europe and around the world in the future when they have enough their ships.
@@nevarran
In March 2024, BYD exported 38,434 vehicles, a year-on-year increase of 185%.
@@LH1xxthen the houties screwed the shipping cost
@@nevarranjust cos u are not gonna buy it doesn't mean others won't. There's other ev market other than us and Europe. And they are chugging along just fine
The EU changed the rules and brought this upon their industry (and forced the change on car owners). The EU set the time frame and removed the possibility of combustion engines in the longer term. No point crying now that other countries can make a better product at a cheaper price. It's called a free market! If the EU introduces tariffs, as has been suggested, it will just confirm they are totally protectionist and not free marketeers.
The WTO is going to love this.
@@mindfreeze0838 🤣🤣🤣
The fossil capitalists dug in their heels until too late and jeopardised the European economy
So how much China changes tax for imported cars? In Asia which country does not charge tax on imported vehicle ? Are you too dumb or what ?
So what?
I'm still not giving up on my 1991 Mazda
BYD EV cars were sold at double the price in Germany , when compared with the retail price in China .
EV cars will become more popular after BYD starts to build their EV cars in Turkey .
Can't wait. European automakers like Renault had no trouble building in Turkey
heavy chinese subsidy is the reason
@@icu17siberia Nice try full mouth lies bot.
people like you online can do nothing, but spread of lies.
@@icu17siberia Nice try full mouth lies bot.
people like you online can do nothing, but spread of lies.
@@icu17siberia what's the problem in subsidy???
They say ev era is about to end, but Chinese ev manufacturer is pump their ev cars out as much and as fast they could. How on 🌎 was that?
Nice try China bot.
"BYD, China's largest electric vehicle (EV) manufacturer, reported a significant decline in sales for the first quarter of 2024, marking a 43% decrease compared to the fourth quarter of 2023, Reuters reported."
BYD's Q1 EV sales drop 43%, ceding top EV seller title to Tesla
And as for Tesla
"Tesla warned in January that sales growth this year would be even slower. As it turned out, sales haven't grown at all in 2024. Instead, Tesla's global first-quarter sales plunged more than 20% from the same time last year, marking the first time since the covid pandemic that sales have gone down over a year."
@@miraphycs7377 because byd is starts to sell in malaysia, with the price of rm 99k. also, if its decline, there couldnt have many stocks left in their factory to shipping their cars.
@@mm-qx4tv look at in europe. overflooded with unsold chinese imported cars
China's gonna lose 90% of it's Chinese start-ups EV companies in the next few years, gonna be a blood bath. These EV sh1t boxes will be even harder to sell once they don't have any support after bankruptcies.
China’s “new energy vehicles” - which include battery, plug-in hybrids and fuel-cell vehicles - grew their market share sevenfold between 2019 and 2023, and analysts project the industry will continue expanding by around 10% each year for the next five.
Alongside that remarkable growth, however, has been frustration: The survey from McKinsey China pegged battery EV buyers’ “regret rate” as surging from 3% in 2022 to 22% last year, which its report blamed largely on limited charging infrastructure. Chinese consumers’ “acceptance rate” of new energy vehicles in general also dropped from 68% in 2022 to 62% in 2023, meaning fewer people were looking to buy these vehicles.
[...]
Evolving expectations could be partly to blame, Phate Zhang, the founder of the Shanghai-based industry outlet CnEVPost, told me. Early adopters of EVs were often more affluent, curious, and well-researched on the topic. But as the market has ballooned, consumers quickly shifted from trailblazers to more everyday users, who may be less prepared for challenges associated with EVs, he said.
Only in German OEMs, not in China or Tesla.
LOLS..after the nordstream pipeline being blown up..germany still has not grow any ball to investigate it.
"BYD, China's largest electric vehicle (EV) manufacturer, reported a significant decline in sales for the first quarter of 2024, marking a 43% decrease compared to the fourth quarter of 2023, Reuters reported."
BYD's Q1 EV sales drop 43%, ceding top EV seller title to Tesla
And as for Tesla
"Tesla warned in January that sales growth this year would be even slower. As it turned out, sales haven't grown at all in 2024. Instead, Tesla's global first-quarter sales plunged more than 20% from the same time last year, marking the first time since the covid pandemic that sales have gone down over a year."
China’s “new energy vehicles” - which include battery, plug-in hybrids and fuel-cell vehicles - grew their market share sevenfold between 2019 and 2023, and analysts project the industry will continue expanding by around 10% each year for the next five.
Alongside that remarkable growth, however, has been frustration: The survey from McKinsey China pegged battery EV buyers’ “regret rate” as surging from 3% in 2022 to 22% last year, which its report blamed largely on limited charging infrastructure. Chinese consumers’ “acceptance rate” of new energy vehicles in general also dropped from 68% in 2022 to 62% in 2023, meaning fewer people were looking to buy these vehicles.
[...]
Evolving expectations could be partly to blame, Phate Zhang, the founder of the Shanghai-based industry outlet CnEVPost, told me. Early adopters of EVs were often more affluent, curious, and well-researched on the topic. But as the market has ballooned, consumers quickly shifted from trailblazers to more everyday users, who may be less prepared for challenges associated with EVs, he said.
@@miraphycs7377 Nice try full mouth lies bot.
people like you online can do nothing, but spread of lies.
@@miraphycs7377hahaha, comparing q4 to q1, you are so smart.
The reasons that theyre not selling is because they are very expensive, people have range anxiety as well as a fear of how long battery packs will last in the used market. Mercedes cars (I’m a shareholder) made ugly EV cars that didnt look like a real Mercedes. Mercedes FINALLY listened to buyers and dealers and is making the EQS look more like a car and less like a grotesque jellybean. Maybe that will bring people back
April fools was last week
If EV's are so good they shouldn't need Government mandates and subsidies.
Every transition that has long term benefits but short term pain, requires long term gov't guidance to overcome the short-term shortsightedness (ie, quarterly financials driven motivations) of private companies...
german automakers do have technology but are unable to incorporate it on more affordable scale.hence,it remain to be seen how they will come up with new strategy ..
domestic mining, and manufacturing are real concerns for those countries. not a concern for china
@@icu17siberia Nice try full mouth lies bot.
people like you online can do nothing, but spread of lies.
Germany automakers paid more than $2.5 billion last year to buy access technology from Chinese startups...
Ev are not losing momentum
But losing innovation and cheaper pricing
Automaker want insanely huge profit by selling gimmick feature. While vehicle itself mostly were used as appliance.
Bingo
US consumers are concerned about "exporting pollution"; mining, toxic wastewater, and battery disposal. not to mention increasing energy consumption. hybrids are selling like crazy in the US as word gets around.
@@icu17siberia Nice try full mouth lies bot.
people like you online can do nothing, but spread of lies.
......for the German brands it looks like that. They can't sell and make a profit.Tesla and BYD is the most sold cars (in total) in many markets
They are good for toys and not for emergencies and SHTF situation.
@@Jeremyho439last time I checked, the next half of this century is going to be interesting for modern civilization. Things like EV's might be more common, but using less advanced wet cell batteries.
Where is the electricity infrastructure to support it apart from more coal power stations in China.
EV's are losing momentum because their ridiculous price in general. Don't fool yourselves, these cars ARE the future but not with these current prices, no.
in your country, in mine are cheap from china, and good ones.
Some are even slash the price down more than $5,000 USD.
🤣🤣🤣🤣🤣
A model y with over 300 miles of range and more than 450 bph costs 40k after rebates....totally unaffordable and ridiculouslu expensive compared to gas cars....
You are aware that your average gasoline car cost over 35000 and higher too
Range is not the problem , its charging every day after day after…..
If the succes of EV’s depends on politics…. ? Says a lot about the potential of EV’s
Well said！
My ICE car never need to refuel and saved a lot！👍
Yes..have to plug in the evening each night when I get home...Uber painful and totally unacceptable
...would be much happier to waste my time driving to a gas station and pumping gas in the rain or snow to send money to some country which is trying to kill our people
The problem is poor efficiency at the expense of bigger, heavier and more profitable vehicles
Capital in politics is why fossil fuels are incentivised for over a century and why there's so much poorly compromised policies and wealth inequality. Don't be so obtuse
As Klaus Schwab said ... Eat ze bugz, stay at home & home charge your EVz.
European manufacturers just followed the trend in USA (actually, it's also their market) that FORD & GM has postponed the plan of new EVs' factory (also sales are declining).
It would help if they offered well made, competative EV's
Which, they don't. Too bad. They really need to step up
Hybrids are out-selling ICE and EV vehicles because of their combination of excellent fuel milage, range, and indifference to cold weather.
You completely ignored Opel in this video. Even within the Stellantis group they are still a Major German car brand and they are confidently pushing their full electric vision. Their sales are actually rapidly increasing.
Trying to save Germany's legacy auto industry by spreading lies about EVs. Cheap tactic 😂😂😂
🎯 capitalism
EVs are not selling because people do not want them.
It's temporary
Yes
Why is it temporary?
@@jeffl4810 everything is. hahaha
Its upto the consumer whether they buy EV or ICE or Hybrid.
The transition will follow an S-curve. The steep part of it is in the second half of this decade. By 2030 we will be in the nearly flat last part of the S-curve. The 2030 goal of MB for Europe is still realistic. For the USA it is not so.
Part of the public is not buying BEV now because of the prices. Some are buying (plug-in) ICE, others are delaying their purchase. ICE being bought today will just be scraped long before they are worn-out.
Hybrids are now out-selling pure-ICE and EVs in the US. EVs are popular in mild climate areas where owners have houses with solar panels. For everyone else, hybrids make much more sense as family vehicles. And Toyota is the master of hybrids that are very reliable and inexpensive to own.
It’s the price and convenience.
To sustain the adoption S-curve, lower-cost options must be available. Basically, the market segment of wealthy adopters is saturated and most options cater to it, so growth is dictated by repurchase rate. Look to how flat screen TVs, smartphones, CD, DVD, Blu-ray players, personal computers etc. markets grew for examples.
The growth is stalling only in markets where the players are not offering or restricting access to lower-cost models. Rapid growth is continuing in markets where options across a broad price range are available.
Some markets aren’t helping with punitive registration fees that over-compensate for lost fuel taxes. For an annual distance of 15,000 miles, the additions fee should be closer to $75 instead of the $100-200 some states charge.
After that, convenience of charging needs to be made equivalent to how ICEV are refueled. Level 1 charging should be available wherever vehicles are parked. Level 2 where vehicles are parked while shopping, dining out, working etc. and where road trippers are staying at overnight. Level 3 along routes where drivers are likely to be making long trips and in dense urban areas when residents don’t have access to charging where they live or work.
Makes me wish water power cars were here already.
I will come back to this comment when they are.
They were years ago. But biĝ brother shut it down
Water for drinking and etc...not for vehicle..water criss can happen if use on vehicle
😂😂😂@koliha74
It's called a steam car
I think that electric vehicles are a product that is supposed to compete fairly in a consumer driven free market for personal transportation. The fundamental issue is that vehicle corporations/manufacturers are so economically influential that governments attempt to use them for the governments own goals.
In this case, the consumer never really wanted an electric vehicle. Gas vehicles were already giving consumers what they wanted. It's the governments that have decided for the consumer what we will get even if most consumers dont want it. The government has fallen for the climate change/emmisions theory, and they are making laws and regulations and international promises as if all of this will make a noticeable impact on the earth's average temperatures- which it probably wont.
The average consumer wants to buy a vehicle with proven technology, rapid refueling, reasonable purchase cost, and low maintenance cost. The average consumer is a working person who needs to travel for work errands and family. They dont really care about some global climate theory, and they dont want to have to pay more for their vehicle to pay for someone elses idea on how to potentially "solve it."
Pure Electric vehicles STILL have downsides compared to gas powered. Electric vehicles cost more to make, they use tires 4 times faster, range anxiety will always be an issue on long trips, they take longer to refuel, and ultimately they STILL polluting the environment even WORSE than gas powered vehicles. AND in spite of less moving parts maintenance costs are HIGHER.
In a free market, if the majority of consumers are making reasonable purchases, we can expect consumers to become aware of the drawbacks and continue to choose gas or hybrid models OVER pure electric vehicles.
This is why there is still a long future ahead for gas vehicles/power trains, possibly for decades.
While i dont doubt electric tech is here to stay for some enthusiasts, it's just not a competitive product right now. It's absurd to be that the corporations and the governments have seemingly forgotten the demands and behaviors of the consumer are supposed to be the driving factor in the free market. Rather than acknowledge the consumers power they try to dictate to us what THEY THINK we should buy. Now they cant understand why many of us are refusing to buy pure electric and we are going out of our way to only support brands that meet our needs. That "car expert" you showed is just as out of touch as the politicians. If your product needs subsides to even attempt to complete in the free market then the fact is ITS JUST NOT a GOOD PRODUCT. Its the corporation/business job to create a product at the right price. NOT THE GOVERNMENT laundering tax money. Its not ethical or sustainable in a free market. Its crazy even communist china has enough sense to realize that but supposedly "capitalist" Europeans fail?
Well said! Imagine if all governments all banned beef and alcohol. How ironic is it that some US states are planning to ban hybrids and pure ICE vehicles, yet are expanding sales of Marijuana with high potency THC.
If we ignore the external world to the vehicle (eg infrastructure issues etc), there are two main issues to me as a consumer: One, all EVs have a very EXPENSIVE and ineffective way of creating heat for my comfort (explained in a moment); Two, price, which has apparently brought the concomitant issue, manufacturers raising their ICE car prices instead of lowering the EV prices, to get parity! The second point, is going to be ignored here, it’s partly a function of desperation and partly battery costs etc, I will leave it at that for now…essentially EVs are expensive and scarce, and evolving constantly at this time, therefore the used car market, which is all I ever buy from, is a desert of up-to-date decent EVs at an affordable used price.
Now the first point: heat creation for the cabin. Here’s the scenario I solely judge a car by, because if I want discomfort and cold, I have a motorcycle for that - if I come down from hill-walking, drenched after a winter rainfall, slopping in muddy boots, and need to warm up and even dry my clothes a bit, can an EV accomplish this? We’ll start by ignoring the cost…No, an EV apparently cannot supply enough heat to make the cabin blistering hot, I need a surfeit of heat and EVs cannot supply that, but that they lose so much range as a result, they leave you stranded, or you actually take a risk there’s a winter storm, snow blocks you in a road, and you freeze to death once the depleted battery drains. This can happen, it’s not merely possible, but likely. And children have low resistance to heat loss, they’ll die first. Sorry, this isn;t good enough.
I test-drove a £70,000UK EV, and it left my feet freezing cold at the end. Just one hour, and I was dry to start with, so this is not fixable apparently, with throwing money at it. If it isn’t being done in a seventy grand car, it’s not feasible. Ergo, I bought a hybrid, and it heats the cabin just fine, and doesn’t carry an extra 100 kilograms of battery, to be ‘sacrificed’ for the purpose of heat.
I did not expect this to be the result of me deciding what car to buy for my retirement. I am not in fact as I thought, sorry I couldn’t afford an EV. I have made the right choice of getting a Toyota hybrid, yet I believe in EVs. Underneath it all, this inability to cost-effectively produce a surplus of heat in the passenger cabin, is what killed the idea of me buying an EV. But as for the future, patently they are what’s needed - because you can create your own energy and deploy it in an EV…but this brings us to the next problem…all the people happy with EVs for daily use, tend to commute suitable distances, and have solar panels and a battery pack on a wall somewhere. But that costs about the same as I had to spend on a hybrid car! I don’t have an ‘extra budget’ for solar panels etc, just so I can have a particular type of vehicle.
There it sits. The energy crisis/wars/EVs coming as a combo package with solar etc, just to make them workable, doesn’t compute for most people. I was able to get a hybrid that does what I need completely, in a package. Under ten grand. To buy an EV to equally meet my needs, is impossible presently, but even if you dropped the bar a bit and let the EV be merely adequate in heating the cabin, you still cannot escape the fact, nobody who advocates EVs for your main car, would dream of having one without their house being turned into a power station first. I’m happy to do it - but where’s the necessary extra twenty thousand dollars or so going to come from, and why would I buy all that, when it makes no economic sense? This is the trouble, EVs have run aground as energy suppliers flexed their muscles and profiteered from the ongoing wars. It was a close race before that, and a clear trend, but everyone’s lost confidence because nobody making cars can influence the wars ending anytime soon.
If Vladimir Putin disappeared tomorrow, EVs would be back as a real option. Take care all.
Confusius never said that sentence cited😂
German car industry is incompetent so this propaganda 😢
And the biggest selling car in the world is....
Is Japan hybrid EV's
Go Toyota!
Buying an EV now is similar to buying a flat screen TV when they first came out. They where expensive, ran hot and mainly a Veblen item for bragging rights. A few years later OLED and similar technology made them widespread and cheap. We have not reached that stage in EV technology, EVs have some features that made them vastly inferior to ICE. Mainly the charge time, weight and the financial risk in repair. We have not seen what happens when small garages repair them out of warranty. So many future unknown risks. Eventually, perhaps when a new battery chemistry is invented that negates these deficiencies then people will switch over.. All the wealthy people that wanted it have been saturated. EVs will dominate eventually and not go away, no more then we went back to the CRT after seeing flat screen.
Disagree with the comparison. Flat screen TVs did what their predecessors did, but better from the moment the first models were produced. From picture quality to power consumption, with extra advantages like easier wall mounting from their lighter weight. Everything about the function of an EV is a downgrade from the functionality of an ICE. Range, battery efficiency over its lifetime, weight (wear on tyres and road surfaces), and a whole new fire problem. Repair costs mean the car is now a throwaway product, with very little resale value if it needs a new battery. If a new battery tech was much lighter, safer, faster to charge, and cheaper, then that would be a product that might rival the functionality of an ICE vehicle. As a "perfect EV customer", (low mileage, infrequent trips, off road parking available, etc) I've gone from looking for a decent 2nd hand EV, to realising I will never own one in my lifetime.
but wt de faq is the point of Ev's switching Gas poweewd to Coal powered 95% of electricty is produced using coal and it makes no sense buying Ev's if you are so concered abt climate then don't buy cars at all maybe cycle and use parachute to fly around world fights are also runs on burning fuels
It’s funny, I have the opposite impression: Tesla model S is 12 years old, some have driven a million miles or more, it was better in every way when it came out. Yes charging on a road trip is slower, but can you fill up your gas car at home? No. Can you put something on your roof to catch sunlight and then make gas? No.
Batteries are already so cheap that replacement is feasible, but you won’t need to. Only the million-mile guys are doing that.
@@mrmichrom8553 neighbors model S is almost at 700k miles but its on its third battery😅
@@airrodgers1242 And how many motors would you have had to replace by 700K? 3? Each at 8K a pop... that''s still $21K.. So the brag is what again???? SMH... MOVE ON TROLL. EV's clearly live in your head rent free already with that attitude and logic leap!
6:09 Confucius didn't say that. It is just a common and informal Chinese idiom and it is not used in the right way. Its real meaning is to deprecate a victim because they are not perfect. It does not mean "coming out of the blue".
Edit: It is a shame that DW used a Chinese host for this video but he is obviously a German-born Chinese or 1.5th-generation Chinese immigrant (arrived in Germany as a prepubescent child) who has limited knowledge of the Chinese language. And editors and other staff failed to consult a true native Chinese speaker to confirm if their use of language is correct.
Have you looked at horses for a sporty option and mules as a work"horse" as an alternative? They are very eco pro and both have a semi autonomous driving capability built in.
Battery replacement cost is over 10k. Once they find out about that after several years of driving they are not going to buy EV’s again, Unless manufacturers can bring it down to under5k
Could NIO's battery swap idea catch on?
You didn't mention the elephant in the room! Infrastructure to charge all these electric cars and trucks with clean energy! A simple calculation can show the amount of energy needed to replace fossil fuel cars. Europe needs some multiple factor of electricity as the grid now can provide, and the grid right now has only a fraction of clean energy. The thing is that there's no money to do everything that needs to be done!
Using Electricity from fossil fuels is still way better for environment than all cars using fossil fuels.
@@frankreynolds9930 you must be joking!
@hanstubben Go research first. Power plants are more efficient due to very large size, constant rpm and has way better scrubbers for fumes. That have way stricter restrictions. After that electricity grid loss is minimal and electric motors are 90% efficient.
And lots of places uses renewables energy.
@@frankreynolds9930 As Toyoda has stated, if everyone were to use highly efficient hybrid vehicles, the overall pollution would be far less. Currently, mining of minerals needed for large EV battery modules produces far more pollution that what would be needed for the much smaller battery packs in hybrids. And hybrids retain most of their range (up to 600+ miles), even under cold weather conditions.
The car industry is still spending money on FUD? Who knew. ;-)
Where are they losing momentum?
Go check tesla sales. Talk to tesla owners. Complains almost all around. EVs also have more issues compared to ICE vehicles after production. EVs from manufacturers like GM and other brands are absolute trash. Seems like people are finally realizing they don't want to get into an accident and be burned alive in a lithium fire.
it isn't it just western OEM except Tesla can't compete.
Get your head out of the sand and you'll see
@@mistermood4164exactly
@@Myers70once again where? In South America and Asia EVs are the rage.
Americans don't have time to deal with charging problems. It is a land where fast food was invented to shorten lunch time. Some Americans are forced to eat and drive to save time, and charging problems is a headache, not worth time and money.
Is it my idea or I did not hear the WORD JAPAN. Do not erase Japanese automakers. At the end of the day, they evented the hybrid cars.
Sorry, ferdinand porsche 1900.
Modern times ones and made them trend of our years😊
Ahahaha. 😂😂😂😂 in other news, steam trains are the future.
Uh ... It would be better than scrapping them all for building new diesel combustion which aren't more environmentally friendly or fuel efficient, but far less labour intensive
Steam boilers btw are a store of potential energy, so are batteries (chemical)
Fascinating as only one steam train manufactuer survived the switch over to diesel electric hybrids.
Wonder which legacy automaker will be the survivor? 😀
@@4literv6
Legacy auto isn't doing so well these days. Most treat EV development as a pollution credit vs actually investing in them.
In Australia we have a temporary tax measure where EV's are Fringe Benefits Tax exempt (under FBT tax rules an employer provided benefit is taxed at the max tax rate) and the change has been huge on demand for EV's.
But the real brake on adoption is the availability of chargers. I went through the economics with my colleague today, he has an old WV Golf and a new Polestar. He has solar panels and charges at home - but if he relied on 150Kw chargers the savings would be about $1/100Km.
Based on the cost/value difference it would be something like 500,000Km payback excluding the tax advantage - which may bring it down to 200,000Km. Add range anxiety, broken chargers, SUV's in charge parking slots, slow charge rates and high charging $ rates.
Charging infrastructure is a market failure, Governments used to intervene to correct such failures - not leave it to "The Market".
Great range if you go from full charge to zero charge and hope that you end up at a charging station that works.
EV sales down? Because it has too much gimmick to offer. Just convert a used Corolla for daily commuting is waaayy chraper than buy a whole new EV with all of those gimmicks we have to pay. Then we keep our second car (ICE) for long distance travelling
The Corolla hybrid is even better!
A Corolla or Camry hybrid is much more efficient for minimal additional cost.
EV manufacturers have done their math better than those behind this report. The timing in this report comes into question given the big picture of the EU investingating subsidies given to chinese manufacturers. Did they investigate Tesla? The german cars are now losing out to makes like BYD.
1. Tesla builds vehicles in China.
2. China copies Tesla technology.
3. China builds less expensive vehicles using Tesla technology.
Imagine a world where only EVs exist. And then someone invented the internal combustion engine: half the weight, three times the range, time to fill up the tank (aka battery) in minutes instead of hours, no degradation of the fuel (aka battery), less wear of tires because of less weight, lifetime of tank (aka battery) unlimited, no dependence on cobalt mined by slave labour in the Congo, no dependence on China for polluting rare earths.... it would be a no-brainer.
Well, that's sort of what happened at the turn of the century. EVs were the predominant mode of transport before the Ford Model T arrived on the scene and quickly gathered steam. www.energy.gov/timeline-history-electric-car
And lower insurance costs! Actually, though, hybrids tend to be the best solution for most families who can't afford multiple types of vehicles. And may people live in apartments and rented homes with no access to plug in EVs.
Imagine a world where ICE cars show up, with their comparative lackluster acceleration, their belching hydrocarbon footprint that creates cancer causing pollutants on top of encroaching climate change, has no advantage in refueling / recharging anymore because battery tech is already advancing to the point where 20-80% charge can take only 5 minutes and LFP batteries reduce thermal runaway danger to next to zero, where there are far fewer moving parts to service parts with.FAR LESS wear and tear because electric motors are comparatively simple constructions, so that stealerships I mean dealerships no longer have an excuse to price gouge consumers on maintenance.... And it's an ABSOLUTE no brainer...
@lukecheuk You mean like the musical flying cars? The fact remains that if we all drove hybrids, we would emit far less pollution during the next 20 years than we would if we waited for solid state batteries to be perfected. One of the most impressive things about the majority of Americans is that they refuse to be restricted. When we are all forced to stop eating beef, drinking alcohol, and driving varieties of vehicles, it'd be time for a revolution.
Manufacturers haven't given up begging for bigger tariffs on Chinese electric vehicles.
Now that the EV is being dominated by the chinese...we see this type of negative publicity on the EV...
Asking legacy automakers to transition to EVs is like asking a ballerina to now play football. For us to think they can do this efficiently and profitably is ridiculous. Furthermore, legacies are not incentivized in any way as they not only currently lose money on EVs, but there is no ongoing maintenance revenue, one of legacies biggest sources of revenue/ profit. It’s not that hard people. Very few legacies will be around by 2035.
Toyota/Lexus will always be around and making the most reliable vehicles on the planet.
Don't forget this: in reality, animosity for EV's in Europe is not as great as the dedicated press claims. Thus, slowing down the so-called transition, giving some slack on the stringent obligation to switch, may as well mean that Chinese EV's will also lose momentum and loose ground. In other words: any given strategy is as good as an other...
Car bussiness is too important in Europe to allow what happened to shipyards in the past. Not easy though.
Good quality journalism!
Any car company waffling now on EV's DESERVES to be out of business...
Toyota is a great example of why that is not true. Their hybrid vehicles are outselling all EVs in many countries. Their Camry hybrid has a range of 610 miles, achieves excellent fuel milage, is highly reliable, quiet, comfortable, and retains its value far better than any EV.
Unable to watch with that background , annoying AF
Let's be honest here. China is no.1 EV producer in the world. Their prices are very reasonable & affordable. But your governments in the West don't like this. They discredit China in almost everthing. In addition, they put high tariffs & import tax for EVs such as BYDs. That is why the price of EVs in the West are expensive. Your own governments themselves intentionally do that. China & the rest of Asia will move forward with the new techmology, and the West will remain in cave 😢😢😢
We're sick to the back teeth with our governments and a neoconservative/EPP hijacked EU council that puts industry and "competition" above all else, even the climate crisis.
It's capitalism interfering in our democracy and governments, yet democracy in the workplace is absurd??
Tesla an american based automaker is the world's one&only true ev sales leader bud. 😎
Furthermore China and those racist xenophobic Asians?
Yeah y'all charge the U.S. more in tariffs on our cars than we charge for chinese exported cars.
Also you charge all EU built vehicle's at a higher tariff of 15% for imports vs the EU charges just 10% import tariffs on Chinese cars.
And you do not allow foreign automakers in china prior to tesla unless it was under a strict joint venture, requiring local labor and majority locally sourced parts. Protectionist through and through=hypocrite much? 😅
Oh yes and of course China shamelessly copies everyone they can, respects no individuals ip rights and doesn't honor any patents. 👍🏻
So you believe that China's EVs can retain range even under cold weather conditions? China is still using coal and oil to maintain power generation, and its mining of rare earth metals still requires massive trucks that run on diesel or gasoline.
Imagine with Surplus EV cars you have to reacharge the battery and with limited charging stations you have to be in 4-5 hrs queue.
Where are all the rare earth metals coming from?
Capitalism and exploitation of workers
Also, look at what you're typing into
@@toyotaprius79 suggest to learn the definition of the word "where"
Most rare earth metals are nor rare.
@@maartenvinkhuyzen9878perhaps not however abundance doesn't automatically = mine ability.
China and heavy, diesel-powered earth-moving equipment
What cannot happen if finding higher energy densities. Only economic, and that is unlikely for total electrification. There just is not enough exotic minerals easily minable for total battery transportation.
You mean that you can't predict what voters will do.
As Nov 2023, 0.86% of the registered vehicles in USA are EVs according to the AFDC (Alternative Fuels Data Center) which under US DOE (Dept of Energy). That equates to 2.44M registered EV’s in the USA out of a total of 283M. According to Diffusion of Innovation, this means that the USA EV industry is still in the Innovator phase (
First the high coast of buying, next the high cost of replacing the batteries, then the cost of disposing said batteries, they are a environmental hazard. Then get over to powering them. Not enough charging station. the most important is that the infrastructure isn't there and even if it was there is not enough power produced to support even just 50% of drivers has them. Now on to making the batteries. the amount of land dug up and water that has to used and wasted to mine the components and they are rare and will go up very fast the more that they are used. This is a few reasons why and still plenty more!
You can't lose something you've never had.
Well, EVs have been gathering momentum for a while. Wouldn't you agree?
Trade with China should be very limited.
Technology
The Paris Agreement speaks of the vision of fully realizing technology development and transfer for both improving resilience to climate change and reducing GHG emissions. It establishes a technology framework to provide overarching guidance to the well-functioning Technology Mechanism. The mechanism is accelerating technology development and transfer through its policy and implementation arms.
Capacity-Building
Not all developing countries have sufficient capacities to deal with many of the challenges brought by climate change. As a result, the Paris Agreement places great emphasis on climate-related capacity-building for developing countries and requests all developed countries to enhance support for capacity-building actions in developing countries.
The EV experience needs to be improved if the following are in place:
1. Eliminate subsidies and mandates. Subsidies and mandates only creates an artificial demand. Consumer demand should drive inventory.
2. Reduce the overuse of advanced technology to increase the reliability of EVs.
3. Improve cold weather performance of batteries.
4. Increase trained EV professionals (mechanics and sales).
5. Increase the reliability of the EV charging infrastructure.
6. Reduce EV charging times to be on a par with filling gas in an ICE vehicle.
7. Reduce insurance collision costs by improving supply chain issues for parts.
Thanks for that comprehensive list. What's your take on governments around the world pushing their EV goals on people. Hard to see how subsidies can be done away with in this particular situation. And, what is your take on synthetic fuels?
@@DWREV This is one more to add to the list. Allow the ability to accept cash at EV charging stations without having to use apps or at least, have attendant style cashiers on site to accept cash and to service EV charging stations.
Zero emission throughout the entire production is just BS... who's gonna benefit? Carbon trading
The German brands and legacy brands are having to change their ambitions toward electric and even revert back to combustion production in certain areas in order to remain profitable.
They are not geared up for electric production the way EV only companies like Tesla are and they lose money on every EV they make. Tesla,,on the other hand, has moved to a position of profitability and don't have to worry about making too many products with EV and ICE versions of cars.
Legacy makes have been too short term in their business plans, they profited hugely with ICE cars in China and left it too long to transition to EV underestimating Tesla's progress.
Now they are paying for this and playing catch-up. I foresee collaboration with Chinese companies from now on if they want to survive as their software knowledge and production methods are outdated now.
Tesla's big mistake was producing vehicles in China. Eventually, Chinese manufacturers were copying Tesla's technology and making less expensive vehicles. How could Musk NOT think this would happen?
Tariffs will level the playing field.
Tell American politicians that countries should compete in tech and space, not wars. If you go for wars then even North Korea is ready and waiting, you will get 5 or more
EVs makers can't relay always on subsidies. They need to manage to improve the technology, especially battery life, which will significantly reduce the prices. That's the way to compete with ICE cars.
Deutschepost ran electric mercedes vans in '94-'95 without lithium. A hybrid zinc air/ lead acid with charge controller would work now. Zinc lasts 20-30 years with regeneration and lead acid can last longer due to constant charge activity.
Thanks for that interesting fact about the Deutsche Post vehicles in the 90s. It's true that some experts say zinc-air batteries could be a better solution than lithium. And let's not forget the potential of sodium-ion as well!
@DWREV gm and Lawrence Livermore as well as others combined lead acid and zinc air with some success. They didn't have what we have now which are charge controllers. Think of it as zinc air replacing solar panels. Lithium requires higher charging. Lead acid does not. So the combination of zinc air and lead acid with modem electronics might be a much cheaper and simpler solution. Thanks
I'll look into that. Thanks again!
Mercedes "set interim target of UP TO" so 1% is still within target "UP TO", not AT LEAST 50% lol!
That whirring noise you hear is the sound of corporate spokesmen spinning their yarns.
Just imagine all those charging cables!
So...
@jeffl4810 Mines in Africa 🤦🏿
@@oshakiegittens4887 yea but think about all those charging cables …..they will be everywhere….
A CLUTTER OF CHARGING CABLES EVERYWHERE!
Car companies, just reduce the price for electric car costs of all your models by 30-40% and see how they will fly off the stock. Just do like start ups, be at a loss for 10-20 years and then to the 🌝
Can anyone build a safe and robust battery, no one has so far.
EV is here to stay and in the future for a long time. Aside from battery advancements, the more important reason is due to the simple and easy and cheap way of eneregy transfers. With power lines (and in the future maybe wireless), electricity can be made easily available from various green sources and across national and transcontinental lines. No other power sources can be so easily and cheaply transferred. China is going in the right direction. Sahara and Saudi Arabia will be major sources of supply and will power the rejuvination and development of Africa. My view.
So you think that solar and wind-generated power is reliable at all times?
i would much rather have a plug in hybrid. Electric vehicle for the city and a hybrid vehicle for road trips. Perfection.
Also cars nowadays have too much planned obsolescence and unnecessary complexity. Electric Cars could be so simple if they were built like a 90s or early 00s car, but noooo, basic functions break down if your screen breaks and you have to go to the brand dealer to fix it.
I prefer non- plug-in hybrids by Toyota/Lexus.
If the politicians achieve that a spoon cost €10,000 and a ladle to cost €1, then we'll all be eating soups with ladles. This alone does not mean that ladle is more practical to eat soup.
allow free competition +. add some subsidy and certainly better cars will appear. Thats what Tesla Shaghai did - kicked in a huge revolution in EV and now everyone can afford a cheap EV in CN.
Problem is not about making electric cars it’s about batteries and how you will charge them
EVs are remote control toy cars
EV growth is fine in China. It's a problem only in countries with ICE legacy who can't build eV's competitively. They want to stay in the ICE Age.
Hybrid car already good. No need huge expensive battery and waiting time for charge. Also not good on high temperature region that will kill battery fast. The worst thing they can control you from their center like you topspeed and handling.
The industry was never enthusiastic about EVs. This was a polititians’ hallucination. Now they have woken up.
This is why this is known as mainstream media, needa read them half - eyed most of the time.
they cannot compete then say it‘s outdated😂
The "bottom line" may be that no democratic government can force change on its people. EVs posess excessive limitations during colder seasons and when hauling heavy loads. It doesn't matter if an EV can be purchased for the same price if the EV is not as versatile as a hybrid vehicle with a 600+ mile range, such as that of the Toyota Camry.
Also, here in the US, the largest auto shows are filled with ICE vehicles because the majority of auto enthusiasts much prefer sports cars with internal combustion engines.
Regarding breakthroughs in battery technology, look to Japan, not China. The most reliable vehicles in the world are made by Japanese companies.
Too early for EV to take over, when they can make a battery twice the size of a normal service battery, that can be easily changed without breaking the bank, then we will be ready to move to complete conversion, more important is how we produce the electricity to charge these EV, for the time being they pratically run on coal.
battery weight to ratio is not good ,, also soon as you charge for the first time the battery is already degrading ,, batteries fall fast from 90 percent too 70 percent but the algorithm covers up the truth ,, I fly racing drones and have been through 1000s of batteries they are not exactly the same each battery ,, I have had some lose charge quick and some last alittle longer ,, but all batteries lose that initial power fast .. the tesla type cell is like an 18650 batteries in series ,, these batteries lose storage capacity fast ,, thats why EV companies will not let you see the actually voltage drain while operating because you can actually watch the degradation of the battery every charge takes longer and longer to reach full charge from the very first charge .. the best way to fight c02 is too stop manufacturing non sense
How about building the infrastructure first...
The future might be solar-powered EVs, not EVs. Current EVs are too heavy, not enough charging stations, not enough range for all the charging that you have to do, would require too much electricity for the masses to own (especially while competing against growing AI for electricity demands), and too much destruction to mine the battery materials. Solar-powered EVs would significantly reduce a lot of that stuff. The price wouldn't be right at first, but eventually would go down to where people could afford it....if governments don't interfere.
I just clicked in to see if the public is dumb or not. I'm assured. This video title from DW makes me laugh, hahahahaha, you know, big tech companies are waning too, because the EU has none.
We need more research on hydrogen fuelcell and combustion cars. The main problem is the infrastructure. That's needs political will. We might get better batteries, but don't forget the other options.
Germany losing market shares already.
We have to see EV's as part of the future energy solution. We have to make use of the batteries also when the car is parked. For that reason it is important that the automakers implement "vehicle to grid" in the cars, and that the charging infrastructure is adapted to use this. This means that the car owners can be offered almost free energy if they are willing to let the grid owners use the battery capacity in the hours the car is not used.
This is a very interesting idea. It's actually already been tested on a small scale in several countries, and could have great potential someday!