Everyone is absolutely misunderstanding what Edmunds is saying. Read what they are saying here carefully: "More than half of Teslas traded in at dealerships so far in 2024 were traded in for a gas vehicle." Note that Tesla doesn't have dealerships or gas cars to trade. So here is what that means. A survey done by Bloomberg in the US recently: "Tesla still maintains an 87% brand retention rate, outperforming two non-electric automakers at 67% with Lexus and 54% at Toyota. 81% of prospective Tesla buyers are new customers switching from competing EV brands compared to 42% of Nissan’s prospective buyers." Not a small detail that people are misunderstanding here. Teslas traded in at legacy dealerships are a small percentage of overall Teslas being traded in. So the 13% of non-loyal Tesla customers traded in at legacy dealerships and are trading in for legacy dealership gas cars with the other half being traded in for legacy dealership EVs. This is a smaller subset of used Teslas being traded in. The other 87% is being traded in for new Teslas. So if Tesla has a 87% loyalty rate for returning customers that means that the other 13% are being traded in at legacy dealerships half of which are traded in for legacy EVs. That means only around 7.5% of used Teslas are traded in for ICEs. So Edmunds needs to correct this and change their headline to: Out of the 13% of Teslas that aren't traded back into Tesla for a new Tesla, 50% of those are traded in for a gas car. But that wouldn't create as much hysteria and get as many clicks.
I recalled the fact Tesla had the highest brand retention rate and rather than googling what it was, sought to see if some commenter had done the work and concluded what I was thinking, that this story was about a very small percentage of Teslas. Excellent analysis and telling of the truth @flipadavis!!!
I was thinking the same thing as Tesla does NOT have dealers and is NOT counted and if near as 90% of Tesla owners move into a NEWER Tesla clearly a DEALER is NOT involved in the TRADE side
Bingo. The real news is that, of all the vehicles that are available to trade in FOR at a conventional dealership, ICE share is down to half! At least among people who had previously seen the light and then gone astray...
Thanks for that. EV should have explained it. The really interesting question then is what/why are they swapping back to ICE. If I was Tesla that would be such an important bit of knowledge. EVs are not yet right for all scenarios and in a way you don't really want to be targeting those for whom it is right and for others to say not yet guys but your time will come. That also builds trust.
That statistic is meaningless unless you know the proportion of total population traded. If 5% of Tesla owners trade with a dealer and 50% choose ICE then 2.5% of Tesla owners are reverting to ICE. Not that high really? Bear in mind you would not be at a dealership if you were swapping to another Tesla (as most do). My guess is those people had financial difficulties and needed to lower their repayments by swapping to a cheap ICE car. 🤔
I was thinking along that line. It is a sampling issue, as this stat is likely not including trade-in to Tesla as that would mean they get another Tesla. So basically they are all have to be at Dealerships with ICE available. This really means 50% ended up getting another BEV and probably from another brand, or a used Tesla, which is quite high! But that is ok, as the rest of Tesla owners are likely getting another Tesla via Tesla directly or simply private sold Tesla be for getting another new or used one.
An idiot online posted that today’s ICE cars burn so clean it negates the benefits of EVs. So I challenged him to the garage test. I told him to run his clean ICE with the door closed. I would do the same in my EV. Well, he died. No, he just ignored me from then on.
that doesn't mean the burn is not clean but the CO2 would kill you even if it is 100% pure. In fact a test made in uk revealed that euro 5 cars emitted 1850x more particles due to tires wear than through the pipe. So, there is no real gain 1851 vs 1850.
You can try sitting in an EV with a plastic bag on your head and find out how you exhale clean gases. It is also possible to sit in the chimney of a coal-fired power plant without an EV.
@@orionbetelgeuse1937 That is completely bogus, the "emissions" from tire wear are large particle emissions that do not stay in the atmosphere, and are not likely to cause near the health problems that burning fuel does. That study is only about particulate pollution is not comparing gaseous pollution. Yes, burning fuel does not produce large amounts of particulates, but it creates much more gaseous byproducts. The "conclusions" of that have been completely debunked. Now if you are making an environmental argument, i.e. that those large particles are causing more damage to the environment than the gaseous emissions are, that would be a very complicated study, who knows how it would come out. But burning the fuel is much more problematic to your health than tire wear.
There's no way I would go back to an ICE vehicle after owning a model S, then a model 3 and my current model Y performance. EVs are the best personal transportation ever created, full stop.
We live in Southwest Ohio where we so so many Teslas and other EVs that it is impossible for us to believe all these people will go back to an ICE vehicle. When I speak with EV owners, they all say the same thing, they will never go back to an ICE vehicle. Currently, we own a 2023 Tesla Model 3 and it has been an ultimate dream to own.
Nobody saying they don’t like the EV for any other reason then it’s a hassle to worry about charging it. Why is it so hard to understand that for some people it’s not convenient enough or not realistic?
This does make sense cause at first Electric vehicles are the "it's new and it's the latest thing to do" same happened with Prius in mid 2000's. They were all the rage, then those that bought as a status symbol traded them in for Range Rovers (yes I am referencing the plot of HBO'S Weeds)
I could never go back to an ICE car after owning a Model 3 for 6 years. It would be interesting to know about these folks trading their Tesla for ICE. Apartment dwellers? Like cars that go "vroom vroom"? Married an auto mechanic? Turned off by Elon's politics?
My guess is small town renters who do not have access to charging. My duplex does not have large enough electrical service to add a charger even if I would pay for one installed. The whole service panel would need upgrading. Not even sure the utility has enough transformers on the poles outside to allow many upgrades in my section of town. And every trip is around sixty miles each way for anything but groceries. We do have a Walmart with about four chargers in the lot, but I would need a wheelchair to get to the store from where they are located. My duplex was built right after WWII with all gas appliances and I think it is only a sixty amp service, so the clothes dryer and A/C that were added later push it to the limit. Actually a little past safe if they run at the same time as other things.
@@markpashia7067 $600 rebate toward panel upgrades in the States now... 60 amp is ridiculous.. I thought 100 amp were bad... Our little cheap level 2 charger never pulls much more than 10 amps on 220
Yeah I’ve never heard of anyone doing this trade back to Fossil. No way will I ever go back. I power my EV for free so for 18m I haven’t paid to travel
COST would be my guess with lots of states TAXING EVs removing ANY gas savings and if you are using supercahrgers ONLY the EV costs MORE then a GAS car and the price of a cheap GASSER VS an EV is 10 thousand LESS or MORE and with high interest and high inflation that all ads up
I think it's likely that there is a flaw in the study. If you were intending to replace your Tesla with an other Tesla, you could sell the old one on the private market or trade in the car with Tesla, which does not have dealerships. So these cases would not be included in the study.
Edmund’s data is probably deeply biased. I imagine they’re only looking at dealership data, which would skew the data towards ICE. Legacy makers don’t offer many good EVs, so if a Tesla is being traded at a dealership, it would make sense that it’s traded for something on the lot.
Most people who buy a new Tesla sell their old one in the open used cars market, because Tesla doesn't offer the best trade in prices. So these data are indeed biased.
do Tesla centers take in "trades" / how does it work for trading up a Tesla to a NEW Tesla - I dont know as Tesla only just this summer opened up any sort of support for EVs in my city and it used to be a 1500KM drive to get to a Tesla service centre to pick up a Tesla
"Traded their Tesla in at a dealership" Most people who are buying another Tesla would trade it in to Tesla not a dealership. This is why the statistics are skewed if you are dealing with a dealership you have already decided not to buy a Tesla. This is like saying most people are drinkers because you took a survey at a bar.
I think you are misunderstanding that edmunds chart. I think that is data from Tesla on what people are trading in to get a tesla and the rate and EV is traded in for a tesla is getting higher because people are trading in more and more non-tesla EVs. Correct me if im wrong.
I have a 2018 AWD M3 with 51,000 miles. I hit a deer a few weeks ago that broke my front left headlight and did some damage to the fender. The repair bill is over $10,000. And the car is probably only worth about $25000 - and that includes FSD. So make sure you have good insurance.
This is the same trends as in Norway. The trends are like this: 1. EV's are bought as a decond car. 2. The charging infrastructure matures. 3. EV's are bought as the first/only car. 4. The gas stations are changing, to energy stations. 5. Trucking are going electric. .... and so on. In this transition you can read many things. In Norway the fuel sales for car are down 50% in 3 years. 1 of 2 refineries are closed.
There is a very big BUT here. Firstly, electricity is super cheap in Norway because of hydropower. Secondly its a massive country with lots of expansion possibilities. In middle Europe not so much.
@@syproful China dosen't have super cheaper hydro. Oil is incredibly expensive. The oil subsidies are at $US 9.000.000.000.000 or more than $US 1.000 for every human on earth. Ethanol are cheaper than oil as a fuel for cars. And, to make ethanol, you need 70 times more area than solar panels! And, you can't use roof tops to make ethanol.
Curious what your electricity cost in Norway? Here in Minnesota, US, electricity cost is about .19 USD/kWh incl fees and tax. Energy source is 31% renewable, 27% coal, 24% nuclear and 18% NG.
In 1967 the young people’s group in our church travelled by bus to the 1967 World’s Fair in Montreal. We spent three days and nights camping in a church in New York City on our way there. Every night after seeing various things in New York I would blow my nose and fill the tissue with slimy black soot. We are way overdue to stop polluting our air. We own a Chevy Bolt EV and a Tesla Model 3, have solar panels and charge mostly at home. I wish everyone could understand how great this is. The other day my wife and I were in the Tesla driving itself with FSD and since my wife was “driving” I was watching CNBC on my iPhone and suddenly I realized that in 1967 never in my wildest dreams would I have imagined being able to watch TV in an electric car driving itself. Why on Earth would anyone want to go back to the “good old days?”
Percentage of EV owners trading in for ICE will vary a lot by region. If you have winters where you get half your range cut, you are not likely to buy another EV with the current tech if that was a problem. This isn't retarded.
This is misleading. The question is: What percentage of Tesla's are even traded in at all? I see a lot of Tesla owners keeping the 1st one and getting a 2nd one. So a lot of the trade in numbers are going to come from Uber drivers and Hertz replacing 100k cars with ICE so the numbers are going to be misleading.
You know some people who didnt like tbeir Teslas doesn’t mean they don’t like EV’s. They just didn’t like the Tesla. Because they thought it was an ugly, boring blob with irritating controls.
There are loooong drives in the western US and not many charging stations, so yeah, I could see this for those that are inconvenienced if they have long commutes. Also in the northern climates it is very cold for a lot of the year and we all know performance drops in the cold. We just need more charging infrastructure, which I'm sure WILL come. And also longer range batteries. EVs and charging stations are not quite up to snuff for the required drives in some areas.
Come spend six months traveling the USA and learning our culture. We don't have public transport anywhere except the dense East coast corridor and inner cities. The majority of the middle of our country is large and spread out. My doctor is sixty miles one way and the large metro is sixty miles the other way. Unless you live an urban/suburban life it just does not work yet. So many are shocked when they travel here that coast to coast is about four days if you take the interstate highways at max speed. It can be done in three if you are an animal behind the wheel but that is hard. Foreigners have trouble grasping the scale of it.
Agreed, same here in Australia. Usa is 8.1million sq kms without Alaska, Australia is 7.7million, so we get it, and we have 1/10th of.your population, so imagine how sparce we are! We have huge countries to drive coast to coast.
Canada is even worse and during the winter it gets cold. We get at least a week or two where it hits -40. If you go far enough north the grids are powered by diesel generators which is flown in my plane during the winter.
I'm in Australia. I was shocked at the quality of public transport in the US. I'm a bit of a public transport devotee, and in three weeks in the US, I caught just one bus in Las Vegas and a tram in San Francisco! When we visited LA, the concierge at the hotel all but forbid us to use public transport there on the basis of safety concerns! They were very matter of fact about it, too. But I'll tell you one thing. Australia and the US are about the same size, geographically. You guys have got way more towns dotted across the continent than we have. Heaps more. I know that you've got your remote regions there, but you should see Australia. It's not too bad on the Eastern side of the Great Dividing Range (our Rocky's but in the East), you really need to make sure that you've got plenty of fuel, food and cold beer on board. You can drive a long, long way without seeing too much, that's for sure. Then, if you go way out West, you might as well be on Mars.
This data is from car dealers reporting trade-ins. And car dealers don’t generally sell Teslas, or Rivians, because those are sold direct. That is why this report is so divergent from every other report, that says that EV owners’ next car is an EV over 90%.
The USA was very slow to adopt mobile phones because of the big open spaces between cities and no signal, they were als very slow to adopt high definition TV for the same reason. it takes them a long time to realise the benefits and get a national network built. Not helped by the states ignoring the federal government.
A lot of early Tesla buyers bought Teslas for prestige. Now in California a Model 3 is about as prestigious as a Toyota Camry. Rich early adopters can go back to ICE luxury cars, since money is no object.
Tesla has the highest loyalty rate amongst car brands. Some say as high as 87%. A lot of people buying a new Tesla trade their old Tesla in through Tesla
Confirmed in a comment from @flipadavis which states: "Everyone is absolutely misunderstanding what Edmunds is saying. Read what they are saying here carefully: "More than half of Teslas traded in at dealerships so far in 2024 were traded in for a gas vehicle." Note that Tesla doesn't have dealerships or gas cars to trade. So here is what that means. A survey done by Bloomberg in the US recently: "Tesla still maintains an 87% brand retention rate, outperforming two non-electric automakers at 67% with Lexus and 54% at Toyota. 81% of prospective Tesla buyers are new customers switching from competing EV brands compared to 42% of Nissan’s prospective buyers." Not a small detail that people are misunderstanding here. Teslas traded in at legacy dealerships are a small percentage of overall Teslas being traded in. So the 13% of non-loyal Tesla customers traded in at legacy dealerships and are trading in for legacy dealership gas cars with the other half being traded in for legacy dealership EVs. This is a smaller subset of used Teslas being traded in. The other 87% is being traded in for new Teslas. So if Tesla has a 87% loyalty rate for returning customers that means that the other 13% are being traded in at legacy dealerships half of which are traded in for legacy EVs. That means only around 7.5% of used Teslas are traded in for ICEs. So Edmunds needs to correct this and change their headline to: Out of the 13% of Teslas that aren't traded back into Tesla for a new Tesla, 50% of those are traded in for a gas car. But that wouldn't create as much hysteria and get as many clicks."
@@zoransarin5411 I posted a similar comment (you said it BETTER though). I would politely suggest you post comments like this one NOT as replies where many people never see them. I wouldn't have commented if I saw someone had actually responded.
@capnkirk5528 Often, it is the other way around; especially when you are late to the video. A main comment post often gets drowned among hundreds or thousands of others. You stand a better chance of getting visibility (ie, votes & comments) replying to a popular comment. Do make sure your reply is related to the main comment though.
Supercharge network is what keeps me with EV. If that didn’t exist, it surely was a Diesel. It requires a different mindset, but Tesla makes it convenient with the automatic routing and rerouting if needed.
I run into some early adopters who are unhappy about the price drop of their cars and somehow think by going back to an ICE car they will insulate themselves from future reductions in price. But the horse is already out of the barn, closing the door is pointless. I guess they didn't know what early adopter meant. Another factor is apartment renters might find charging difficult if they live outside California (and time consuming). If you can Level 2 charge at home, there is nothing like it. I will never go back to a smelly and dirty gas station.
Yeah agreed, the pace of improvement, extreme competition from the Chinese and EV incentives for purchasing new are leading to higher depreciation, but this won't continue at the same rate, as EVs in many instances are as cheap as ICE equivalents now.
The thing they don't tell you (Edmonds is known to be anti Tesla BTW) is that most people do not trade in their Tesla to a dealership. The only thing they had the statistics for is trading into a dealership. The majority of Tesla's are not traded into dealers, they are traded into Tesla (which doesn't have dealers so was not counted by Edmonds) or they are sold on an online service that specializes in selling EVs, or a service for selling on the private market (like auto trader). There are a lot of PHEV models available in the US, but they are hard to find. There are several models from Toyota, Kia, Hyundai, Mazda, and Mitsubishi. Still you can buy them, I have an EV now, but my 2 cars before that were both different models of PHEV.
I have been driving ev for 5 years and my cost is only 25 dollars a month from my management fee from my building I don't spend a dime other than I change my tire to Michelin tire which is way better than the original tire. There is no way I am going back gas car and I don't believe people are doing that I save 6000 dollars a year on gas why would anyone throw away their money and destroy the environment at the same time
I'm a Tesla fan, not an owner yet, but the few people I have talked to personally about their Teslas... they all love them. The exceptions have been for people who travel long distances frequently. They do not like being able to only stop at specific places for 45 minutes. Americans travel a lot. Take a lot of long distance road trips. It's going to take time to get the charging situation smoothed out... need more superchargers, for sure, which is obviously in progress.
I live in rural Nova Scotia, 200km from Halifax in a town of 550 humans. Tesla installed chargers on main street years ago. Charging is free! Local merchants pay. Nearest Supercharger is 35km. Tesla Superchargers are one hour apart on highways through Nova Scotia. Google "Supercharger locations." It is stunning! And Tesla opens a new Supercharger EVery 13 hours...
I’d go back. In fact I’m planning to go back. Not because ICE is better or because I don’t like EVs. It’s because there are no EVs that I want. If there were, I’d gladly buy one. But there isn’t. I’ve driven a Tesla for years and like most people, the reason I want a new vehicle is that the mileage is getting up there and I’m bored with it. There are many things I like about it, but many things I don’t like. And Tesla doesn’t offer anything new. When you buy a new car you want to be excited about it. Tesla might be exciting to many people, but it’s no longer exciting to me.
We just traded in an 18 month old model 3 RWD. Grabbed a model 3 LR with all the latest features, lowered my payment, and got another month of free FSD. In a few weeks I'm even getting a check (or "cheque", if you prefer) in the mail.
@@johnwaugh4680 Read his comment again....he didn't say you never want another brand of car....just you wouldn't want to go back to an ICE vehicle. Count me as one of those who recently purchased a 2024 M3 (Highland)...I would never go back to a non EV....and if I ever entertained a different brand EV it would have to prove itself to be better value than the Tesla
@@andrewjohnston359 I understand that and perhaps my wording was confusing or you misread it. He specifically mentioned Tesla. What I was trying to point out was that there are other EV's that may suit people better apart from Teslas and no doubt those owners would not go back to an ICE vehicle either. Teslas are a great vehicle and have been the market leader for years mainly because there was little competition but things are changing now with many other options proving to be popular with new EV buyers.
I think it would be useful to know what the geographic distribution of trad ins. Note, I assert, given the problems in Chicago, Illinois this past winter, the trade in rate in that region is much higher than average.
I'm currently driving a diesel Kia sportage as a courtesy car from my insurance because my BYD is having a body panel painted. I can tell you now that I would never go back to ICE. What a bag of shit this thing is 😪
I'm calling BS on that data about how many Tesla owners trade in their Tesla for a gas car. The "retention rate" for Teslas is VERY high. Also, the thymus gland makes T-killer cells that prevent cancerous cells from becoming "cancer" as we know it today, and the thymus gland requires enough iodine to be at its best, and most people are low in iodine, which is why cancer rates are so high. Just say'n. I've written a lot about this.
Since gas cars make up the *overwhelming* fraction of available new cars, all things being equal, you would expect a similar fraction of electric owners trading in for gas cars. But we don't. Electric owners are MANY times more likely to stick with electrics than gas owners are to switch to electrics. That is *bullish* for electric.
good point about the health. If I was rich I would definitely drive electric. Now I have a 16 year old diesel... But I ride my ebike to work when ever the weather lets me.
80+% of Tesla OWNERS say the same and the 13% that DONT buy a Tesla nearly half buy a NON Tesla EV so what 7% are switching to GAS ... stop the presses 7% of Tesla owners swapped into a GAS car
until you get your first repair bill, my car wouldnt start the other day.... it cost me £9 to fix and an hours garage labour my neighbors EV wouldnt turn on due o a charge fault on the car, hes now on a 10-12 week waiting list for a £2200 part and is currently using my car to get to work 🤣
2:20) Sam, thank you for discussing "little cancers" and how our bodies fight them with T-cells. This is VERY important information: life saving. Well done!
There is a bad odor coming off the claim that more than 50% of Tesla's are being traded in for ICE vehicles. How does this square with Tesla loyalty being 70%+? I have an non-Tesla BEV and never want to go back to ICE.
It is a misleading statement. Tesla has a 87% loyalty rate for returning customers that means that the other 13% are being traded in at legacy dealerships half of which are traded in for legacy EVs. That means only around 7.5% of used Teslas are traded in for ICEs. The Edmunds story is therefore only focussing on the 13% of Teslas being traded at dealerships, of which 50% are traded for ICE. How to spread FUD and lies and get away with it because you are actually being factual. As with all statistics, you need to see the context. Edmunds is hiding the true context.
There are a lot of people in the comments questioning the validity of the data. For certain use cases, an EV is the obvious choice. Likewise, so is an ICE vehicle. There are certain realities that go with EV ownership and in particular, Tesla ownership. Amongst these is the dismal resale value. I'm in Australia. The depreciation on a model 3 Tesla is eyewatering, here. For plenty of consumers, that puts them off ever setting foot back in the water with the same brand ever again. And then there is the "X" factor. What is the "X" factor? It's Musk. He's gone from hero to zero and a lot of consumers no longer want to be identified with him. The hard reality is that Tesla drivers have become the butt of jokes and innuendo, at least they have in Australia.
@@davidbrayshaw3529 Best-selling electric cars in Australia: January - June 2024 The Tesla Model Y is Australia's best-selling medium SUV over $60K and best-selling electric car. Never believe the thoughts the brain produces. Rather check the facts.
Switched to EV in 2017 and would never go back to ICE vehicle again. With solar on my roof and charging basically free, I no longer spend $7,000 per year for gas needed for two V8 ICE vehicles that I always had before transitioning to EVs. Another plus, accept for tires, I have had $0 maintenance or repairs on any of the EVs I have owned. Had two Teslas which I sold and purchased 2023 Genesis Electrified G80 and 2024 Kia EV9 GT.
I recently got a Tesla Model Y, and now I can't imagine going back to driving an internal combustion engine (ICE) car. It's funny, but I actually get tired when I drive an ICE vehicle now!
The day I was waiting for. Just finished my off grid solar with capacity to run my entire home with 320 kw/hrs of battery backup in case of darkness and enough reserve to fully charge 2 Tesla’ model 3 long range on a cloudy day. Thank God for Stupid people!
@@trashmail8 I made my own packs of Lithium iron phosphate cells, 320 Ah. 16S packs per bank with 24 banks. They are strapped together for compression and 2 packs per shelf on a Dewalt shelving unit that has 1500 Lb capacity per shelf with each pack weighing 400 Lbs and monitored with a batrium BMS and shunt trip breakers that can isolate any pack from the system I can remove any battery and replace it in 10 minutes then re balance and put back in service. All housed 30 feet from my home in a 20” connex with climate control. No home insurance issues!
Most of those people probably had to move to apartments where they had no access to home charging. If the US govt really wants to push EVs then they need to help and also require apartment parking spaces to have access to level 2 charging. This should be the default mandate for all new apartments as well as govt money made available for existing apartments to implement it. Possibly this could be limited to multi-apartment properties having more than 20 apartments... at least at first. Before people yell please understand that our govt gives billions in subsidies every year to oil companies in part to keep petrol cheaper and regularly delivered to local gas stations even when those stations might not be so profitable to deliver to. Let's spend some of that same money instead on EV charging at apartments.
What's better than owning a good car. No car at all. I'm thinking if the per mile rate is cheap enough. Many people, especially those living in apartments and Condo will soon opt for Robo taxi.
@@Reelbassin Agreed. However a lot of people that have homes, or are renting a home, won't consider a Tesla (or EV in general) because they think they have to spend money on an electrical upgrade or have an electrician install an expensive charger. That's often not true at all if that person commutes less than 100 miles round trip a day AND can plug their Tesla into a regular 120v 15 amp plug. They should get around 100 miles of range added in about 10 hours overnight. Note: Numbers reflect using a Tesla mobile charger (or similar) that can charge at 2.8KW/hr. Also using the Tesla model 3 as the car being charged as it has a high efficiency. I wish more people understood this.
Require apartment parking spaces to have access to level 2 charging? So they would require buildings to rewire their buildings. In my building there is 500 parking stalls. The amount of money that would cost would bankrupt the buildings fund or leave the savings so low that if anything went wrong in the building that required some money to fix would mean they would need to ask the owners of the units for more money.
@@Useitorloseit1 Taxis are not really practical for people with children (well when they need to transport those children, or their stuff). If it isn't obvious why, it is because they need child seats, booster seats, etc... Also you won't take the chance that the robotaxi drives off with you kid still inside as you walk around to get them out. That is a lot of people, and those people will not switch to Taxis of any kind no matter how cheap.
My guess is that people buying EVs shouldn't have bought one in the first place because they don't have a garage or someplace to charge it so they are going to a supercharger just like they would go to a gas station so for them there's no big benefit. When you own a home and you have a garage and a place to charge it from your home electricity it's super cheap and there's no way I would trade in my model x for any gas car because I can charge it at home. If I had to take my electric car to charge it like I would have to buy gas then it wouldn't be as good as of an investment.
I think the key here is that they are looking at Tesla's that have been traded in, that's a very small percentage of Tesla's going to dealerships. Most Tesla owners take their used Tesla back to Tesla and get a new one.
Sam, i live in the Seattle area. Have friends and relatives that own Tesla's. I dont know anyone not happy with there Tesla. I think this is fake news!
At least 90% of Teslas ever bought are still on the road, and overwhelmingly are still on their first owner, so this number is skewed. A tiny percentage have been traded in. I believe the ones who have already traded their Tesla in are the ones who've had the most problems and are most likely to not buy another EV. A Bloomberg study of Tesla owners said that 87% of Tesla owners would buy a Tesla again.
The Tesla is the best car to be in if you are in an accident! The things are built super strong and will save your life. Also the batteries don't blow up like petrol can.... they start burning and slowly get hotter... giving you some time to get out and away.
Maybe some people here should view it more objectively? I am in Germany here and even though the infrastracture is getting better it is by far not as good as it should be. I don't want to drive a car and wait to actually "fuel" the car which also takes a long time. I speak from a perspective of a person who does not have home charging. Also we have like 5 -18 different providers with different prices for charging. Yeah people like to know what does it cost to actually "refuel" your car. In addition you have to drive an EV a lot of years if you buy one to not make a loss since the devaluation of thos cars is higher than that of normal petrol cars. Reason is the development of new batteries with more range and higher charging speed. My personal opinion is to drive the current petrol car until it is too expensive to repair and than decide if EVs are a useful option for the person.
I can tell you way, and it really comes down to two reasons, well, three. One, charging infrastructure, and two, the United States is BIG, so people like to drive and go far and have the convivence of gas infrastructure. I remember driving through Nebraska and was concerned that I would run out of gas, because gas stations from where I was, were not open after 5 p.m. meaning I had to drive 100 miles to fill my take, and I was very concerned I would run out, because temps would drop sub 0 (Celsius). two, charging speed, while the DC chargers are fast, they're not nearly as readily available as gas stations. The third, in the United States there is a massive slander campaign against EVs, in fact, it's part of people's identity. It's almost as if you can't be a patriot, Christian, or a republican if you own an EV. (sidenote) I think Musk made a very bad mistake, because progressives and liberals are openly saying that they are less likely to support anything Musk is a part of. As to your last question, nobody I've talked to would go back to ICE. and Sam, please stop using the word "retarded". It's time to retire that, and for all those that are interested, please youtube, "End the R word". ua-cam.com/video/fkdtEOrrkPs/v-deo.html Don't get defensive, it's just time to stop. Awareness is a good thing. We can just call it a "dumb thing to do".
For me personally. It's the tires and rims, I use my Model Y for work, changed 2 tires ($600 ea) and 1 Rim ($800) from small pot holes in the city. The rim cracked 300 miles from home, had to drive 200 miles round trip to bring tire shop a rim. Total cost to fix 3 flats $3000.00 with lost time.
Here is a summary of Hertz rental car real world experience with EVs: As of April 2024, Hertz has been selling off its electric vehicles (EVs) and has said that they are unreliable and more expensive than gas-powered cars. The company had previously planned to convert 25% of its fleet to electric by the end of 2024, but in January 2024, it announced plans to sell around 20,000 EVs, including Teslas, and instead opt for gas-powered vehicles. Hertz cited higher expenses related to collision and damage for EVs, which can cost about twice as much to repair as comparable combustion engine vehicles. The company also reported higher-than-expected depreciation of its electric models and a $392 million loss for the first quarter of 2024.
Hertz made a bad business decision and tried to "cash in" on the EV boom. They also approached the project with very unreasonable expectations, didn't bother to understand the basics of how to get into the EV rental business and expected the same business model that worked for ICE vehicles to work for EVs. In fairness, a lot of people think an EV is just a gas car with a different drivetrain. A Tesla is NOT just that, now if Ford made a properly-priced EV that WAS just that - stalks, switches and all - they would be doing much better. STUPIDITY in the corner office at it's finest, followed by denial and the "blame game". If I were an institutional shareholder Hertz would be looking for a smarter CEO right now. There are some good analyses of WHY Hertz messed up (of course hindsight is 20/20); they rushed to cash in and didn't even think about the sheep - I mean customers. Multiple reasons to fail, but when I looked into renting a Model 3 to try one out (no Tesla store nearby) Turo was a FAR better choice. Hmmm ... yup Tesla's fault.
@@bobmagna In 1907 people though cars were just faster horses. Obviously untrue. Same with EVs vs ICE. Like the horse and buggy, EVs will make ICE cars obsolete and change other industries around it. You might be interested to watch Electric Viking’s video posted two days ago on Tony Seba speaking about “Greatest Disruptions in History”
Think of Hertz back in 1902 deciding to rent a newfangled "horseless carriage" to a driver that only knows to "drive" a horse and buggy. Once new driver finds that the whip is now a "gas peddle" and floors it driving the "car" straight into a tree! Come back to 2022 and this is what I believe happens going from a regular ICE vehicle to a Tesla. I don't, as of yet, own a Tesla, but test drove a MY last spring. After 5 miles of city driving, I felt like I've been driving it for months! The technology was so amazing it nearly brought me tears! For the precious 45 min "test" drive, I kept discovering more and more cool features! It may not be for everyone...yet...But, for me, it's my next car.
Everyone always wants to bring up Hertz to bash on electric cars, and there is one piece of truth in it. EVs are not for stupid people yet, and Hertz proved they are also not for stupid companies yet either. There are a lot of advantages to EVs, but yes, you need to research them and see if they work for you before buying them, and yes, that was probably true for the "horseless buggy" 100 years ago too. It won't be true forever. As more people buy EVs the knowledge will spread, as more charging stations are built and kept more reliably, and the range continues increasing on the less expensive EVs, range anxiety will go away and EVs will be for everyone. Keep in mind with Hertz one of the problems they had was that they were renting these cars out to uber and lyft drivers and self insuring them. Yeah, that was stupid, maybe they should have looked into that a bit more before making that numskull business decision. Sure, Tesla shares some of the blame too, maybe they should have asked Hertz what they were planning to do with the vehicles, and maybe they should build enough spare parts to fix the cars when they are in accidents. That is not an EV problem, it is specifically a problem Hertz and Tesla made together by not actually communicating.
I love my Tesla’s and would not go back to ICE nor to another EV maker. I got my first Roadster in 2008 and it still drives great. I have owned multiple Model S’s since and my favorites are my 2021 Tesla Model S Plaid and 2018 Model S P100D. I sometimes choose one or the other depending on how necessary it might be to have a quick horn (the newer Model S’s and X’s have the horn as a small button on the wheel / yoke)…I consider both cars excellent. I still have my 2015 Model S P90D (in a different town where I have a cottage) and it still works great. Very little battery loss even in the 2008 Roadster or the 2015 Model S. I’ve been considering trading in the older Model S for a new Model X Plaid, though honestly I have no real reason to do so other than the desire to keep up with the tech advances. I may decide to go with a Model Y Juniper instead, once they are out. Love the Tesla’s. Just in case of emergency, like an extended electrical blackout, I do keep a Hybrid Highlander SUV but I rarely use it other than when I need to hold 7 passengers. So far, no emergency use needed. And it does feel like going back to the horse and buggy era when I drive an ICE car, no matter how fancy.
Where are these supposed gas cars? There's a new Tesla every other week in my neighborhood, while gasoline cars are disappearing. I call BS on this "news".
@@djt8518 Gas station on every corner, not quite, I need to drive about 10 minutes to get fuel and I live 12kms from the city in a population of over 2 million. Also where I live we have fuel cycles, so fuel can be 50c higher per litre from one day to the next and can vary in price suburb to suburb quite significantly. Unless you are happy to pay higher prices, getting fuel is never convenient or not planned.
I told many people to not get fooled by Musk and his cleaver use of EV's ONE and ONLY advantage over ICE cars, the acceleration, which Musk used to make EVs sexy and has milked since day one. Hundreds of billions of wasted tax money later, and people are starting to wise up to the con :)
This is misleading because most people who are getting another EV would not go to a dealer to trade. They would sell their car themselves and then buy a new car from Tesla.
As a 2 year owner of a Polestar 2, not sure I would buy another EV until the range & charge time improve. However I purchased my EV and I am committed longterm to ensure I get an excellent ROI. I like my Polestar, incredibly quick & practical around town, not having to visit a gas station or having to worry about oil changes and all the other maintenance is great. The one big disadvantage is range, road trips are 'painful'(for me) needing to stop every 2/2,5hrs to charge and then having to worry about where to charge when arriving at destination.
There are two main factors that lead to someone trading in a Tesla for an ICE car. The biggest culprit is relocation. Moving to an apartment building without decent charging infrastructure or moving to a more rural location without access to super chargers. The second issue is that Tesla does not offer as much money for trade-ins as a dealership. The end result is that you are better off selling your EV and buying a new one than to trade it in to Tesla. The end result being that most of the trade-ins that happen will be to dealerships that are often actively trying to sell you an ICE vehicle.
Perhaps the statistic actually indicates that: ... Of the Tesla owners that have decided to go back to gasoline, and therefore they go to an ICE dealership, half of them succeed with their intention while half of them change their mind and trade to another EV after all. Even though they went all the way to an ICE dealership, full of ICE cars, being talked to about ICE cars, with an ICE car on their mind, half of them still changed their mind and went for another EV. Those people? Those particular cherries?
One reason I can think of for wanting a PHEV is for flexibility. That is, you can use the battery for your short haul day to day driving, but if you want to go on a long road trip, or have any difficulty charging for whatever reason, you have your gasoline/petrol engine available for that. I most certainly would NOT drive an EV if I had to travel long distances, indeed, or for that matter if I lived in a place without a private driveway where I could install a charger.
Hypothesis: Tesla doesn't report data to Edmond's, so Edmond's data disproportionately reports Tesla trade-ins are for cars made by companies ("dealerships") that provide them data.
A point to consider, as far as the trading in of Teslas for ICE vehicles is, #1 the US as a whole actually pays much less for gas (gasoline), or petrol as much of the world says. In fact, we actually pay by the gallon, whereas most everyone else measures it in liters. Another point, MOST cities in the US don't have a prominent build out of charging stations as of yet. So, mostly, it's people who either own a home or have a situation where they can charge at home. Also, A lot of US states are comparable in size to some European countries. Also, in large cities, a commute often takes an hour or more. So, range anxiety is a real thing. That combined with the potential hassles of limited charging locations, I think, has really kept EVs from wider adoption. My 2 cents.
Can’t go back to ICE because I don’t want range anxiety - every 300 miles having to spend $70 would cause anxiety! Also any comparable ICE would be much slower as well.
keep in mind the first year that a typical Model 3 lease would end would be 2020. Every year before that would be Model S trade ins or people who have the means to regularly purchase/lease a new car. Not people concerns about costs. The "Average" consumer who buys a new/used car and drives it for 150, 200, or 300,000 miles are still on their very first EV.
Well at one point 100% of petrol powered cars were traded for petrol powered cars … now we have a choice … I have both because they each have their merits. My commute is 40 miles each way and the Tesla is my daily driver. It’s less than half the operating cost of my previous vehicle and it’s actually better in every aspect.
Getting mine next month. Selling my Nissan leaf, I have had it for 4 years. Love my Nissan and will love my M3P even more. No more GAS!! 66% of sales of Tesla’s Q2 2024 were brand new buyer. That is important.
Well yeah, if you’re at a legacy auto dealership you probably didn’t like your Tesla. The rest of owners a) still have the Tesla or b) traded in for a Tesla or another non-dealership startup like Rivian or Lucid. Self-selecting stat.
I drive a X and a cybertruck, meet people every day driving them, I never heard of anyone trading a Tesla for a gas car. I have heard of people, trading in other electric cars for a Tesla, but not gas.
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Sam How is your wife doing?
Everyone is absolutely misunderstanding what Edmunds is saying. Read what they are saying here carefully:
"More than half of Teslas traded in at dealerships so far in 2024 were traded in for a gas vehicle." Note that Tesla doesn't have dealerships or gas cars to trade.
So here is what that means. A survey done by Bloomberg in the US recently: "Tesla still maintains an 87% brand retention rate, outperforming two non-electric automakers at 67% with Lexus and 54% at Toyota. 81% of prospective Tesla buyers are new customers switching from competing EV brands compared to 42% of Nissan’s prospective buyers."
Not a small detail that people are misunderstanding here. Teslas traded in at legacy dealerships are a small percentage of overall Teslas being traded in. So the 13% of non-loyal Tesla customers traded in at legacy dealerships and are trading in for legacy dealership gas cars with the other half being traded in for legacy dealership EVs. This is a smaller subset of used Teslas being traded in. The other 87% is being traded in for new Teslas. So if Tesla has a 87% loyalty rate for returning customers that means that the other 13% are being traded in at legacy dealerships half of which are traded in for legacy EVs. That means only around 7.5% of used Teslas are traded in for ICEs.
So Edmunds needs to correct this and change their headline to: Out of the 13% of Teslas that aren't traded back into Tesla for a new Tesla, 50% of those are traded in for a gas car. But that wouldn't create as much hysteria and get as many clicks.
Some pretty shoddy reporting then, too bad it's mindlessly regurgitated here.
I recalled the fact Tesla had the highest brand retention rate and rather than googling what it was, sought to see if some commenter had done the work and concluded what I was thinking, that this story was about a very small percentage of Teslas. Excellent analysis and telling of the truth @flipadavis!!!
I was thinking the same thing as Tesla does NOT have dealers and is NOT counted and if near as 90% of Tesla owners move into a NEWER Tesla clearly a DEALER is NOT involved in the TRADE side
Bingo. The real news is that, of all the vehicles that are available to trade in FOR at a conventional dealership, ICE share is down to half! At least among people who had previously seen the light and then gone astray...
Thanks for that. EV should have explained it.
The really interesting question then is what/why are they swapping back to ICE.
If I was Tesla that would be such an important bit of knowledge.
EVs are not yet right for all scenarios and in a way you don't really want to be targeting those for whom it is right and for others to say not yet guys but your time will come.
That also builds trust.
That statistic is meaningless unless you know the proportion of total population traded. If 5% of Tesla owners trade with a dealer and 50% choose ICE then 2.5% of Tesla owners are reverting to ICE. Not that high really? Bear in mind you would not be at a dealership if you were swapping to another Tesla (as most do). My guess is those people had financial difficulties and needed to lower their repayments by swapping to a cheap ICE car. 🤔
☝🏼this!
Yep.
I was thinking along that line. It is a sampling issue, as this stat is likely not including trade-in to Tesla as that would mean they get another Tesla. So basically they are all have to be at Dealerships with ICE available. This really means 50% ended up getting another BEV and probably from another brand, or a used Tesla, which is quite high! But that is ok, as the rest of Tesla owners are likely getting another Tesla via Tesla directly or simply private sold Tesla be for getting another new or used one.
Exactly! In essence all "Dealerships" have or want to offer are ICE models.
Edmund 's is deceitful.
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Brains are a wonderful thing!
I live in Thailand. I have never heard an EV owner, regardless of it being Tesla, BYD, GAC, MG, ChangAn, going back to ICE. Our next car will be EV.
I live southern Thailand, and have heard a few !
Two friends. One had a Tesla who replaced it with an ICE, the other friend had his MG EV written off, and he replaced it with a Tesla
I know of several EV drivers. Most seem happy except for lack of public chargers. That was a major issue for one guy; he’s gone back to a Range Rover
@@sullivanrachael He should have bought a Tesla, no problem charging.
It was a Tesla. But this is a semi-rural area. This isn’t a city. ICE rules. Especially when it’s cold.
An idiot online posted that today’s ICE cars burn so clean it negates the benefits of EVs. So I challenged him to the garage test. I told him to run his clean ICE with the door closed. I would do the same in my EV. Well, he died. No, he just ignored me from then on.
I make the same challenge and am surprisingly ignored as well. Funny that!
that doesn't mean the burn is not clean but the CO2 would kill you even if it is 100% pure. In fact a test made in uk revealed that euro 5 cars emitted 1850x more particles due to tires wear than through the pipe. So, there is no real gain 1851 vs 1850.
You can try sitting in an EV with a plastic bag on your head and find out how you exhale clean gases.
It is also possible to sit in the chimney of a coal-fired power plant without an EV.
So you don’t understand the difference between embedded pollution and pollution at the point of combustion 😂
@@orionbetelgeuse1937 That is completely bogus, the "emissions" from tire wear are large particle emissions that do not stay in the atmosphere, and are not likely to cause near the health problems that burning fuel does. That study is only about particulate pollution is not comparing gaseous pollution. Yes, burning fuel does not produce large amounts of particulates, but it creates much more gaseous byproducts. The "conclusions" of that have been completely debunked.
Now if you are making an environmental argument, i.e. that those large particles are causing more damage to the environment than the gaseous emissions are, that would be a very complicated study, who knows how it would come out. But burning the fuel is much more problematic to your health than tire wear.
My brother who is anti-EV just told me yesterday after test drove my 2024 Tesla model 3 "who is gonna buy an ICE anymore?"
'my brother' .................................................................................
There's no way I would go back to an ICE vehicle after owning a model S, then a model 3 and my current model Y performance. EVs are the best personal transportation ever created, full stop.
Add FSD and why would you ever buy ICE?
We live in Southwest Ohio where we so so many Teslas and other EVs that it is impossible for us to believe all these people will go back to an ICE vehicle. When I speak with EV owners, they all say the same thing, they will never go back to an ICE vehicle. Currently, we own a 2023 Tesla Model 3 and it has been an ultimate dream to own.
Lamestream Media in Manhattan says, "Nobody in Southwest Ohio can afford to buy a Tesla..."
Nobody saying they don’t like the EV for any other reason then it’s a hassle to worry about charging it. Why is it so hard to understand that for some people it’s not convenient enough or not realistic?
This does make sense cause at first Electric vehicles are the "it's new and it's the latest thing to do" same happened with Prius in mid 2000's. They were all the rage, then those that bought as a status symbol traded them in for Range Rovers (yes I am referencing the plot of HBO'S Weeds)
Love driving my Tesla. Love the supercharger network on trips. The space to pack things in my model Y is very helpful too.
I could never go back to an ICE car after owning a Model 3 for 6 years. It would be interesting to know about these folks trading their Tesla for ICE. Apartment dwellers? Like cars that go "vroom vroom"? Married an auto mechanic? Turned off by Elon's politics?
My guess is small town renters who do not have access to charging. My duplex does not have large enough electrical service to add a charger even if I would pay for one installed. The whole service panel would need upgrading. Not even sure the utility has enough transformers on the poles outside to allow many upgrades in my section of town. And every trip is around sixty miles each way for anything but groceries. We do have a Walmart with about four chargers in the lot, but I would need a wheelchair to get to the store from where they are located. My duplex was built right after WWII with all gas appliances and I think it is only a sixty amp service, so the clothes dryer and A/C that were added later push it to the limit. Actually a little past safe if they run at the same time as other things.
Can't pay their loans
@@markpashia7067 $600 rebate toward panel upgrades in the States now... 60 amp is ridiculous.. I thought 100 amp were bad... Our little cheap level 2 charger never pulls much more than 10 amps on 220
Yeah I’ve never heard of anyone doing this trade back to Fossil. No way will I ever go back. I power my EV for free so for 18m I haven’t paid to travel
COST would be my guess with lots of states TAXING EVs removing ANY gas savings and if you are using supercahrgers ONLY the EV costs MORE then a GAS car and the price of a cheap GASSER VS an EV is 10 thousand LESS or MORE and with high interest and high inflation that all ads up
I think it's likely that there is a flaw in the study. If you were intending to replace your Tesla with an other Tesla, you could sell the old one on the private market or trade in the car with Tesla, which does not have dealerships. So these cases would not be included in the study.
Trading it into Tesla, who does not have dealerships, is also not included in the study. I wonder why not...
One has to ask the question is it a flaw or a feature?
It's not a "flaw" in the study. I posted separately how it's done. They were HONEST, just DISINGENUOUS.
Ì@@mikereinhardt1244
Edmund’s data is probably deeply biased. I imagine they’re only looking at dealership data, which would skew the data towards ICE. Legacy makers don’t offer many good EVs, so if a Tesla is being traded at a dealership, it would make sense that it’s traded for something on the lot.
Came here to post the same. This is exactly what this data is saying.
Yah the other 50% got another EV - either other brands or a used Tesla.
And also it excludes Leasing data? Perhaps many Tesla owners also leased another Tesla?
Most people who buy a new Tesla sell their old one in the open used cars market, because Tesla doesn't offer the best trade in prices. So these data are indeed biased.
do Tesla centers take in "trades" / how does it work for trading up a Tesla to a NEW Tesla - I dont know as Tesla only just this summer opened up any sort of support for EVs in my city and it used to be a 1500KM drive to get to a Tesla service centre to pick up a Tesla
"Traded their Tesla in at a dealership"
Most people who are buying another Tesla would trade it in to Tesla not a dealership. This is why the statistics are skewed if you are dealing with a dealership you have already decided not to buy a Tesla.
This is like saying most people are drinkers because you took a survey at a bar.
I am keeping my Tesla Model Y and I live in California. Have solar on the house so charging is very cheap. Love the car.
me too! but keeping my 35 year old ICE car... just in case the sun stops shinning.😁
Really? How much did those solar panels cost? How much will it take to remove them when they need to replace your roof and put them back on?
And you’re concerned about saving money on gasoline? Once again, I think I proved my point.
Shanna
I think you are misunderstanding that edmunds chart. I think that is data from Tesla on what people are trading in to get a tesla and the rate and EV is traded in for a tesla is getting higher because people are trading in more and more non-tesla EVs. Correct me if im wrong.
I have a 2018 AWD M3 with 51,000 miles. I hit a deer a few weeks ago that broke my front left headlight and did some damage to the fender. The repair bill is over $10,000. And the car is probably only worth about $25000 - and that includes FSD. So make sure you have good insurance.
This is the same trends as in Norway.
The trends are like this:
1. EV's are bought as a decond car.
2. The charging infrastructure matures.
3. EV's are bought as the first/only car.
4. The gas stations are changing, to energy stations.
5. Trucking are going electric.
.... and so on.
In this transition you can read many things.
In Norway the fuel sales for car are down 50% in 3 years. 1 of 2 refineries are closed.
There is a very big BUT here. Firstly, electricity is super cheap in Norway because of hydropower. Secondly its a massive country with lots of expansion possibilities. In middle Europe not so much.
@@syproful China dosen't have super cheaper hydro.
Oil is incredibly expensive.
The oil subsidies are at $US 9.000.000.000.000 or more than $US 1.000 for every human on earth.
Ethanol are cheaper than oil as a fuel for cars. And, to make ethanol, you need 70 times more area than solar panels!
And, you can't use roof tops to make ethanol.
Curious what your electricity cost in Norway?
Here in Minnesota, US, electricity cost is about .19 USD/kWh incl fees and tax. Energy source is 31% renewable, 27% coal, 24% nuclear and 18% NG.
@@ClownCarCoup the price are at $US .12. But, in the winter up to .80 - .90 $US
@@geirvinje2556 thanks for reply. Interesting. Generally in the US we don’t have such drastic seasonal swings
In 1967 the young people’s group in our church travelled by bus to the 1967 World’s Fair in Montreal. We spent three days and nights camping in a church in New York City on our way there. Every night after seeing various things in New York I would blow my nose and fill the tissue with slimy black soot. We are way overdue to stop polluting our air. We own a Chevy Bolt EV and a Tesla Model 3, have solar panels and charge mostly at home. I wish everyone could understand how great this is. The other day my wife and I were in the Tesla driving itself with FSD and since my wife was “driving” I was watching CNBC on my iPhone and suddenly I realized that in 1967 never in my wildest dreams would I have imagined being able to watch TV in an electric car driving itself. Why on Earth would anyone want to go back to the “good old days?”
Percentage of EV owners trading in for ICE will vary a lot by region. If you have winters where you get half your range cut, you are not likely to buy another EV with the current tech if that was a problem. This isn't retarded.
This is misleading. The question is: What percentage of Tesla's are even traded in at all? I see a lot of Tesla owners keeping the 1st one and getting a 2nd one. So a lot of the trade in numbers are going to come from Uber drivers and Hertz replacing 100k cars with ICE so the numbers are going to be misleading.
i live in mexico, chinese BYD cars are as vast as the ocean - as far as the eyes can see!
Ya right edmunds! Horse crap. Would never drive a non Tesla for my daily again.
LMAO KEEP LYING TO YOURSELF
I do...never drove a tesla for daily usage.
(Hyundai EV's are also very good....and europe has a charging network for non tesla's)
You know some people who didnt like tbeir Teslas doesn’t mean they don’t like EV’s. They just didn’t like the Tesla. Because they thought it was an ugly, boring blob with irritating controls.
There are loooong drives in the western US and not many charging stations, so yeah, I could see this for those that are inconvenienced if they have long commutes. Also in the northern climates it is very cold for a lot of the year and we all know performance drops in the cold. We just need more charging infrastructure, which I'm sure WILL come. And also longer range batteries. EVs and charging stations are not quite up to snuff for the required drives in some areas.
Come spend six months traveling the USA and learning our culture. We don't have public transport anywhere except the dense East coast corridor and inner cities. The majority of the middle of our country is large and spread out. My doctor is sixty miles one way and the large metro is sixty miles the other way. Unless you live an urban/suburban life it just does not work yet. So many are shocked when they travel here that coast to coast is about four days if you take the interstate highways at max speed. It can be done in three if you are an animal behind the wheel but that is hard. Foreigners have trouble grasping the scale of it.
Agreed, same here in Australia. Usa is 8.1million sq kms without Alaska, Australia is 7.7million, so we get it, and we have 1/10th of.your population, so imagine how sparce we are! We have huge countries to drive coast to coast.
Canada is even worse and during the winter it gets cold. We get at least a week or two where it hits -40. If you go far enough north the grids are powered by diesel generators which is flown in my plane during the winter.
I'm in Australia. I was shocked at the quality of public transport in the US. I'm a bit of a public transport devotee, and in three weeks in the US, I caught just one bus in Las Vegas and a tram in San Francisco! When we visited LA, the concierge at the hotel all but forbid us to use public transport there on the basis of safety concerns! They were very matter of fact about it, too.
But I'll tell you one thing. Australia and the US are about the same size, geographically. You guys have got way more towns dotted across the continent than we have. Heaps more. I know that you've got your remote regions there, but you should see Australia. It's not too bad on the Eastern side of the Great Dividing Range (our Rocky's but in the East), you really need to make sure that you've got plenty of fuel, food and cold beer on board. You can drive a long, long way without seeing too much, that's for sure. Then, if you go way out West, you might as well be on Mars.
Its me again Sam!!! EV’s SUCK! Especially TESLA!
This data is from car dealers reporting trade-ins. And car dealers don’t generally sell Teslas, or Rivians, because those are sold direct. That is why this report is so divergent from every other report, that says that EV owners’ next car is an EV over 90%.
Crazy people.
Yesterday I traded in my 15' Leaf, for a 18' model 3. Omg, I love that car, acceleration is insane, and it's pure fun to drive.
The USA was very slow to adopt mobile phones because of the big open spaces between cities and no signal, they were als very slow to adopt high definition TV for the same reason. it takes them a long time to realise the benefits and get a national network built. Not helped by the states ignoring the federal government.
And they wonder why manufacturing have moved out .....LOL .....
If you live in a home with a garage, then a Tesla is the right choice
A lot of early Tesla buyers bought Teslas for prestige. Now in California a Model 3 is about as prestigious as a Toyota Camry. Rich early adopters can go back to ICE luxury cars, since money is no object.
To me this is all explained about people living in apartments condos/ dorm rooms and had a hard time charging the car!
Tesla Supercharger: hold my beer.
Tesla has the highest loyalty rate amongst car brands. Some say as high as 87%. A lot of people buying a new Tesla trade their old Tesla in through Tesla
I saw somewhere Rivian had better but this was 6 months ago when that survey group was pretty small
Confirmed in a comment from @flipadavis which states:
"Everyone is absolutely misunderstanding what Edmunds is saying. Read what they are saying here carefully:
"More than half of Teslas traded in at dealerships so far in 2024 were traded in for a gas vehicle." Note that Tesla doesn't have dealerships or gas cars to trade.
So here is what that means. A survey done by Bloomberg in the US recently: "Tesla still maintains an 87% brand retention rate, outperforming two non-electric automakers at 67% with Lexus and 54% at Toyota. 81% of prospective Tesla buyers are new customers switching from competing EV brands compared to 42% of Nissan’s prospective buyers."
Not a small detail that people are misunderstanding here. Teslas traded in at legacy dealerships are a small percentage of overall Teslas being traded in. So the 13% of non-loyal Tesla customers traded in at legacy dealerships and are trading in for legacy dealership gas cars with the other half being traded in for legacy dealership EVs. This is a smaller subset of used Teslas being traded in. The other 87% is being traded in for new Teslas. So if Tesla has a 87% loyalty rate for returning customers that means that the other 13% are being traded in at legacy dealerships half of which are traded in for legacy EVs. That means only around 7.5% of used Teslas are traded in for ICEs.
So Edmunds needs to correct this and change their headline to: Out of the 13% of Teslas that aren't traded back into Tesla for a new Tesla, 50% of those are traded in for a gas car. But that wouldn't create as much hysteria and get as many clicks."
@@zoransarin5411 I posted a similar comment (you said it BETTER though). I would politely suggest you post comments like this one NOT as replies where many people never see them. I wouldn't have commented if I saw someone had actually responded.
@capnkirk5528 Often, it is the other way around; especially when you are late to the video. A main comment post often gets drowned among hundreds or thousands of others. You stand a better chance of getting visibility (ie, votes & comments) replying to a popular comment. Do make sure your reply is related to the main comment though.
Supercharge network is what keeps me with EV. If that didn’t exist, it surely was a Diesel. It requires a different mindset, but Tesla makes it convenient with the automatic routing and rerouting if needed.
I run into some early adopters who are unhappy about the price drop of their cars and somehow think by going back to an ICE car they will insulate themselves from future reductions in price. But the horse is already out of the barn, closing the door is pointless. I guess they didn't know what early adopter meant. Another factor is apartment renters might find charging difficult if they live outside California (and time consuming). If you can Level 2 charge at home, there is nothing like it. I will never go back to a smelly and dirty gas station.
Yeah agreed, the pace of improvement, extreme competition from the Chinese and EV incentives for purchasing new are leading to higher depreciation, but this won't continue at the same rate, as EVs in many instances are as cheap as ICE equivalents now.
The thing they don't tell you (Edmonds is known to be anti Tesla BTW) is that most people do not trade in their Tesla to a dealership. The only thing they had the statistics for is trading into a dealership. The majority of Tesla's are not traded into dealers, they are traded into Tesla (which doesn't have dealers so was not counted by Edmonds) or they are sold on an online service that specializes in selling EVs, or a service for selling on the private market (like auto trader).
There are a lot of PHEV models available in the US, but they are hard to find. There are several models from Toyota, Kia, Hyundai, Mazda, and Mitsubishi. Still you can buy them, I have an EV now, but my 2 cars before that were both different models of PHEV.
I have been driving ev for 5 years and my cost is only 25 dollars a month from my management fee from my building I don't spend a dime other than I change my tire to Michelin tire which is way better than the original tire. There is no way I am going back gas car and I don't believe people are doing that I save 6000 dollars a year on gas why would anyone throw away their money and destroy the environment at the same time
I'm a Tesla fan, not an owner yet, but the few people I have talked to personally about their Teslas... they all love them. The exceptions have been for people who travel long distances frequently. They do not like being able to only stop at specific places for 45 minutes. Americans travel a lot. Take a lot of long distance road trips. It's going to take time to get the charging situation smoothed out... need more superchargers, for sure, which is obviously in progress.
I live in rural Nova Scotia, 200km from Halifax in a town of 550 humans. Tesla installed chargers on main street years ago. Charging is free! Local merchants pay. Nearest Supercharger is 35km. Tesla Superchargers are one hour apart on highways through Nova Scotia. Google "Supercharger locations." It is stunning! And Tesla opens a new Supercharger EVery 13 hours...
No way would I trade my Model 3 for a gas buggy. Once you go electric, you never go back.
I might make an exception for a PHEV like a Porsche Cayenne or Panamera…we’ll see.
I’d go back. In fact I’m planning to go back. Not because ICE is better or because I don’t like EVs. It’s because there are no EVs that I want. If there were, I’d gladly buy one. But there isn’t. I’ve driven a Tesla for years and like most people, the reason I want a new vehicle is that the mileage is getting up there and I’m bored with it. There are many things I like about it, but many things I don’t like. And Tesla doesn’t offer anything new. When you buy a new car you want to be excited about it. Tesla might be exciting to many people, but it’s no longer exciting to me.
@wonmoreminute
Familiarity brings contempt eh.
@@wonmoreminutehave you considered a BMW i4 or i5? Still EV, but has a different feel than a Tesla.
lol gas buggy..hilarious. I would love for Elon to start calling them that.
We just traded in an 18 month old model 3 RWD.
Grabbed a model 3 LR with all the latest features, lowered my payment, and got another month of free FSD. In a few weeks I'm even getting a check (or "cheque", if you prefer) in the mail.
After driving a Tesla you never want a gas car
In your view and the view of other Tesla drivers but there are other EV's that may suit people better depending on their situation.😉
@@johnwaugh4680 Read his comment again....he didn't say you never want another brand of car....just you wouldn't want to go back to an ICE vehicle. Count me as one of those who recently purchased a 2024 M3 (Highland)...I would never go back to a non EV....and if I ever entertained a different brand EV it would have to prove itself to be better value than the Tesla
@@andrewjohnston359 I understand that and perhaps my wording was confusing or you misread it. He specifically mentioned Tesla. What I was trying to point out was that there are other EV's that may suit people better apart from Teslas and no doubt those owners would not go back to an ICE vehicle either. Teslas are a great vehicle and have been the market leader for years mainly because there was little competition but things are changing now with many other options proving to be popular with new EV buyers.
Sorry,,done some time in a Tesla,,U can have em😢
@@johnwaugh4680 ah yep, fair point and totally agree
I think it would be useful to know what the geographic distribution of trad ins. Note, I assert, given the problems in Chicago, Illinois this past winter, the trade in rate in that region is much higher than average.
I'm currently driving a diesel Kia sportage as a courtesy car from my insurance because my BYD is having a body panel painted. I can tell you now that I would never go back to ICE. What a bag of shit this thing is 😪
I love my Tesla
Vested interests will always rule the day.
That's why I nEVer wear a vest! 😁
I'm calling BS on that data about how many Tesla owners trade in their Tesla for a gas car. The "retention rate" for Teslas is VERY high.
Also, the thymus gland makes T-killer cells that prevent cancerous cells from becoming "cancer" as we know it today, and the thymus gland requires enough iodine to be at its best, and most people are low in iodine, which is why cancer rates are so high. Just say'n. I've written a lot about this.
Since gas cars make up the *overwhelming* fraction of available new cars, all things being equal, you would expect a similar fraction of electric owners trading in for gas cars. But we don't. Electric owners are MANY times more likely to stick with electrics than gas owners are to switch to electrics. That is *bullish* for electric.
good point about the health. If I was rich I would definitely drive electric. Now I have a 16 year old diesel... But I ride my ebike to work when ever the weather lets me.
Still have my 2018 model 3.
I've took delivery of my VW ID4 over a week ago, my first EV and I love it. There is no way I would go back to petrol/diesel.
No way would I ever go back to ICE cars ever again
Good more gasoline for me.
Tesla's and EV's in general are the future but currently do not suit everyone's requirements and situations for all sorts of reasons ...yet. 😉
80+% of Tesla OWNERS say the same and the 13% that DONT buy a Tesla nearly half buy a NON Tesla EV so what 7% are switching to GAS ... stop the presses 7% of Tesla owners swapped into a GAS car
@@RustyPumpkinRanch lol, agreed mate
until you get your first repair bill, my car wouldnt start the other day.... it cost me £9 to fix and an hours garage labour
my neighbors EV wouldnt turn on due o a charge fault on the car, hes now on a 10-12 week waiting list for a £2200 part and is currently using my car to get to work 🤣
2:20) Sam, thank you for discussing "little cancers" and how our bodies fight them with T-cells. This is VERY important information: life saving. Well done!
There is a bad odor coming off the claim that more than 50% of Tesla's are being traded in for ICE vehicles. How does this square with Tesla loyalty being 70%+? I have an non-Tesla BEV and never want to go back to ICE.
Many who trade-in an EV are underwater on the car loan. They might like the EV lifestyle, but decide to wait until resale values are greater.
It is a misleading statement. Tesla has a 87% loyalty rate for returning customers that means that the other 13% are being traded in at legacy dealerships half of which are traded in for legacy EVs. That means only around 7.5% of used Teslas are traded in for ICEs.
The Edmunds story is therefore only focussing on the 13% of Teslas being traded at dealerships, of which 50% are traded for ICE. How to spread FUD and lies and get away with it because you are actually being factual. As with all statistics, you need to see the context. Edmunds is hiding the true context.
There are a lot of people in the comments questioning the validity of the data. For certain use cases, an EV is the obvious choice. Likewise, so is an ICE vehicle. There are certain realities that go with EV ownership and in particular, Tesla ownership. Amongst these is the dismal resale value.
I'm in Australia. The depreciation on a model 3 Tesla is eyewatering, here. For plenty of consumers, that puts them off ever setting foot back in the water with the same brand ever again. And then there is the "X" factor. What is the "X" factor? It's Musk. He's gone from hero to zero and a lot of consumers no longer want to be identified with him. The hard reality is that Tesla drivers have become the butt of jokes and innuendo, at least they have in Australia.
@@davidbrayshaw3529 Best-selling electric cars in Australia: January - June 2024
The Tesla Model Y is Australia's best-selling medium SUV over $60K and best-selling electric car. Never believe the thoughts the brain produces. Rather check the facts.
Switched to EV in 2017 and would never go back to ICE vehicle again. With solar on my roof and charging basically free, I no longer spend $7,000 per year for gas needed for two V8 ICE vehicles that I always had before transitioning to EVs. Another plus, accept for tires, I have had $0 maintenance or repairs on any of the EVs I have owned. Had two Teslas which I sold and purchased 2023 Genesis Electrified G80 and 2024 Kia EV9 GT.
I recently got a Tesla Model Y, and now I can't imagine going back to driving an internal combustion engine (ICE) car. It's funny, but I actually get tired when I drive an ICE vehicle now!
You are not only a car and EV expert, but also a doctor!! What a man!!
The day I was waiting for. Just finished my off grid solar with capacity to run my entire home with 320 kw/hrs of battery backup in case of darkness and enough reserve to fully charge 2 Tesla’ model 3 long range on a cloudy day. Thank God for Stupid people!
My ideal scenario. Once I've done this ice is dead to me forever
You've got 320 kWh or battery backup? :O
What kind of batteries are you using, and how many, since most are in the 5-12 kWh per battery range.
@@trashmail8 I made my own packs of Lithium iron phosphate cells, 320 Ah. 16S packs per bank with 24 banks. They are strapped together for compression and 2 packs per shelf on a Dewalt shelving unit that has 1500 Lb capacity per shelf with each pack weighing 400 Lbs and monitored with a batrium BMS and shunt trip breakers that can isolate any pack from the system I can remove any battery and replace it in 10 minutes then re balance and put back in service. All housed 30 feet from my home in a 20” connex with climate control. No home insurance issues!
@@trashmail8 yea 320Kwh is absolutely huge..
If 4 Tesla owners traded in their cars, in total, worldwide, and 2 of them went back to gasoline, I'd call those numbers pretty damn good.
Most of those people probably had to move to apartments where they had no access to home charging.
If the US govt really wants to push EVs then they need to help and also require apartment parking spaces to have access to level 2 charging. This should be the default mandate for all new apartments as well as govt money made available for existing apartments to implement it.
Possibly this could be limited to multi-apartment properties having more than 20 apartments... at least at first.
Before people yell please understand that our govt gives billions in subsidies every year to oil companies in part to keep petrol cheaper and regularly delivered to local gas stations even when those stations might not be so profitable to deliver to.
Let's spend some of that same money instead on EV charging at apartments.
I tell people all the time it only makes sense if you have some kind of home charging
What's better than owning a good car. No car at all. I'm thinking if the per mile rate is cheap enough. Many people, especially those living in apartments and Condo will soon opt for Robo taxi.
@@Reelbassin Agreed. However a lot of people that have homes, or are renting a home, won't consider a Tesla (or EV in general) because they think they have to spend money on an electrical upgrade or have an electrician install an expensive charger.
That's often not true at all if that person commutes less than 100 miles round trip a day AND can plug their Tesla into a regular 120v 15 amp plug. They should get around 100 miles of range added in about 10 hours overnight.
Note: Numbers reflect using a Tesla mobile charger (or similar) that can charge at 2.8KW/hr. Also using the Tesla model 3 as the car being charged as it has a high efficiency.
I wish more people understood this.
Require apartment parking spaces to have access to level 2 charging? So they would require buildings to rewire their buildings. In my building there is 500 parking stalls. The amount of money that would cost would bankrupt the buildings fund or leave the savings so low that if anything went wrong in the building that required some money to fix would mean they would need to ask the owners of the units for more money.
@@Useitorloseit1 Taxis are not really practical for people with children (well when they need to transport those children, or their stuff). If it isn't obvious why, it is because they need child seats, booster seats, etc... Also you won't take the chance that the robotaxi drives off with you kid still inside as you walk around to get them out. That is a lot of people, and those people will not switch to Taxis of any kind no matter how cheap.
I think all cities should ban Ice vehicles at some point for the health of the residents and visitors!
Yeah I don't believe this for a second. Tesla has the highest brand loyalty now.
Well how many “dealerships” sell BEVs?
This is skewed by the place that the numbers are derived from.
My guess is that people buying EVs shouldn't have bought one in the first place because they don't have a garage or someplace to charge it so they are going to a supercharger just like they would go to a gas station so for them there's no big benefit. When you own a home and you have a garage and a place to charge it from your home electricity it's super cheap and there's no way I would trade in my model x for any gas car because I can charge it at home. If I had to take my electric car to charge it like I would have to buy gas then it wouldn't be as good as of an investment.
I think the key here is that they are looking at Tesla's that have been traded in, that's a very small percentage of Tesla's going to dealerships. Most Tesla owners take their used Tesla back to Tesla and get a new one.
Sam, i live in the Seattle area. Have friends and relatives that own Tesla's. I dont know anyone not happy with there Tesla. I think this is fake news!
My son lives near Seattle. He has a garage with an outlet for a slow charger. I don't see him ever putting gas in his own car again.
At least 90% of Teslas ever bought are still on the road, and overwhelmingly are still on their first owner, so this number is skewed. A tiny percentage have been traded in. I believe the ones who have already traded their Tesla in are the ones who've had the most problems and are most likely to not buy another EV. A Bloomberg study of Tesla owners said that 87% of Tesla owners would buy a Tesla again.
Fake news1 I have both and love the Tesla over ICE . But scared to drive the Tesla a lot because traffic is crazy and I fear an accident
The Tesla is the best car to be in if you are in an accident! The things are built super strong and will save your life. Also the batteries don't blow up like petrol can.... they start burning and slowly get hotter... giving you some time to get out and away.
So it’s fake news because you like your car? 😂
No way! Absolutely no way, not even for another brand of EV, at least at present. Very happy with our Tesla 2022 Model Y
Maybe some people here should view it more objectively? I am in Germany here and even though the infrastracture is getting better it is by far not as good as it should be. I don't want to drive a car and wait to actually "fuel" the car which also takes a long time. I speak from a perspective of a person who does not have home charging. Also we have like 5 -18 different providers with different prices for charging. Yeah people like to know what does it cost to actually "refuel" your car. In addition you have to drive an EV a lot of years if you buy one to not make a loss since the devaluation of thos cars is higher than that of normal petrol cars. Reason is the development of new batteries with more range and higher charging speed. My personal opinion is to drive the current petrol car until it is too expensive to repair and than decide if EVs are a useful option for the person.
Examine cost at Tesla Superchargers. Dr Herbert Diess sees the advantage.
you said it perfectly, I love it when people ask me about hybrids !! they are down grades and including ice cars too!! Thank you!! hello from Colorado
I can tell you way, and it really comes down to two reasons, well, three.
One, charging infrastructure, and two, the United States is BIG, so people like to drive and go far and have the convivence of gas infrastructure. I remember driving through Nebraska and was concerned that I would run out of gas, because gas stations from where I was, were not open after 5 p.m. meaning I had to drive 100 miles to fill my take, and I was very concerned I would run out, because temps would drop sub 0 (Celsius).
two, charging speed, while the DC chargers are fast, they're not nearly as readily available as gas stations.
The third, in the United States there is a massive slander campaign against EVs, in fact, it's part of people's identity. It's almost as if you can't be a patriot, Christian, or a republican if you own an EV.
(sidenote) I think Musk made a very bad mistake, because progressives and liberals are openly saying that they are less likely to support anything Musk is a part of.
As to your last question, nobody I've talked to would go back to ICE.
and Sam, please stop using the word "retarded". It's time to retire that, and for all those that are interested, please youtube, "End the R word".
ua-cam.com/video/fkdtEOrrkPs/v-deo.html
Don't get defensive, it's just time to stop. Awareness is a good thing. We can just call it a "dumb thing to do".
I audibly gasped when he said that. I mean... are you kidding me?!
For me personally. It's the tires and rims, I use my Model Y for work, changed 2 tires ($600 ea) and 1 Rim ($800) from small pot holes in the city.
The rim cracked 300 miles from home, had to drive 200 miles round trip to bring tire shop a rim.
Total cost to fix 3 flats $3000.00 with lost time.
Here is a summary of Hertz rental car real world experience with EVs: As of April 2024, Hertz has been selling off its electric vehicles (EVs) and has said that they are unreliable and more expensive than gas-powered cars. The company had previously planned to convert 25% of its fleet to electric by the end of 2024, but in January 2024, it announced plans to sell around 20,000 EVs, including Teslas, and instead opt for gas-powered vehicles. Hertz cited higher expenses related to collision and damage for EVs, which can cost about twice as much to repair as comparable combustion engine vehicles. The company also reported higher-than-expected depreciation of its electric models and a $392 million loss for the first quarter of 2024.
Hertz made a bad business decision and tried to "cash in" on the EV boom. They also approached the project with very unreasonable expectations, didn't bother to understand the basics of how to get into the EV rental business and expected the same business model that worked for ICE vehicles to work for EVs. In fairness, a lot of people think an EV is just a gas car with a different drivetrain. A Tesla is NOT just that, now if Ford made a properly-priced EV that WAS just that - stalks, switches and all - they would be doing much better.
STUPIDITY in the corner office at it's finest, followed by denial and the "blame game". If I were an institutional shareholder Hertz would be looking for a smarter CEO right now.
There are some good analyses of WHY Hertz messed up (of course hindsight is 20/20); they rushed to cash in and didn't even think about the sheep - I mean customers. Multiple reasons to fail, but when I looked into renting a Model 3 to try one out (no Tesla store nearby) Turo was a FAR better choice. Hmmm ... yup Tesla's fault.
@@capnkirk5528thank you. Many of us do not know an EV isn't a simple replacement for an ice vehicle.
@@bobmagna In 1907 people though cars were just faster horses. Obviously untrue. Same with EVs vs ICE. Like the horse and buggy, EVs will make ICE cars obsolete and change other industries around it.
You might be interested to watch Electric Viking’s video posted two days ago on Tony Seba speaking about “Greatest Disruptions in History”
Think of Hertz back in 1902 deciding to rent a newfangled "horseless carriage" to a driver that only knows to "drive" a horse and buggy. Once new driver finds that the whip is now a "gas peddle" and floors it driving the "car" straight into a tree! Come back to 2022 and this is what I believe happens going from a regular ICE vehicle to a Tesla. I don't, as of yet, own a Tesla, but test drove a MY last spring. After 5 miles of city driving, I felt like I've been driving it for months! The technology was so amazing it nearly brought me tears! For the precious 45 min "test" drive, I kept discovering more and more cool features! It may not be for everyone...yet...But, for me, it's my next car.
Everyone always wants to bring up Hertz to bash on electric cars, and there is one piece of truth in it. EVs are not for stupid people yet, and Hertz proved they are also not for stupid companies yet either. There are a lot of advantages to EVs, but yes, you need to research them and see if they work for you before buying them, and yes, that was probably true for the "horseless buggy" 100 years ago too. It won't be true forever. As more people buy EVs the knowledge will spread, as more charging stations are built and kept more reliably, and the range continues increasing on the less expensive EVs, range anxiety will go away and EVs will be for everyone.
Keep in mind with Hertz one of the problems they had was that they were renting these cars out to uber and lyft drivers and self insuring them. Yeah, that was stupid, maybe they should have looked into that a bit more before making that numskull business decision. Sure, Tesla shares some of the blame too, maybe they should have asked Hertz what they were planning to do with the vehicles, and maybe they should build enough spare parts to fix the cars when they are in accidents. That is not an EV problem, it is specifically a problem Hertz and Tesla made together by not actually communicating.
I love my Tesla’s and would not go back to ICE nor to another EV maker. I got my first Roadster in 2008 and it still drives great. I have owned multiple Model S’s since and my favorites are my 2021 Tesla Model S Plaid and 2018 Model S P100D. I sometimes choose one or the other depending on how necessary it might be to have a quick horn (the newer Model S’s and X’s have the horn as a small button on the wheel / yoke)…I consider both cars excellent. I still have my 2015 Model S P90D (in a different town where I have a cottage) and it still works great. Very little battery loss even in the 2008 Roadster or the 2015 Model S. I’ve been considering trading in the older Model S for a new Model X Plaid, though honestly I have no real reason to do so other than the desire to keep up with the tech advances. I may decide to go with a Model Y Juniper instead, once they are out. Love the Tesla’s. Just in case of emergency, like an extended electrical blackout, I do keep a Hybrid Highlander SUV but I rarely use it other than when I need to hold 7 passengers. So far, no emergency use needed. And it does feel like going back to the horse and buggy era when I drive an ICE car, no matter how fancy.
As my father liked to say, more money than brains.
Where are these supposed gas cars? There's a new Tesla every other week in my neighborhood, while gasoline cars are disappearing. I call BS on this "news".
Thanks Sam. I am 100% 💯 n agreement with you about ICE tail pipe emissions
Same. I live in the loop in Dallas, Texas. The quicker EV adoption happens, the better it is for the air quality in my community!
Electric vehicles make no sense for people who can't charge at home
most people don’t refuel at home either 😂
Many humans have electricity in their homes...
But there is a gas station on every corner also we have gas cans so you can fill up at home or on the side of the road
@@djt8518 Gas station on every corner, not quite, I need to drive about 10 minutes to get fuel and I live 12kms from the city in a population of over 2 million. Also where I live we have fuel cycles, so fuel can be 50c higher per litre from one day to the next and can vary in price suburb to suburb quite significantly. Unless you are happy to pay higher prices, getting fuel is never convenient or not planned.
I told many people to not get fooled by Musk and his cleaver use of EV's ONE and ONLY advantage over ICE cars, the acceleration, which Musk used to make EVs sexy and has milked since day one.
Hundreds of billions of wasted tax money later, and people are starting to wise up to the con :)
People realized they needed to buy gas so they can use bathroom to make a loggy
This is misleading because most people who are getting another EV would not go to a dealer to trade. They would sell their car themselves and then buy a new car from Tesla.
Even if true, so what.
As a 2 year owner of a Polestar 2, not sure I would buy another EV until the range & charge time improve. However I purchased my EV and I am committed longterm to ensure I get an excellent ROI. I like my Polestar, incredibly quick & practical around town, not having to visit a gas station or having to worry about oil changes and all the other maintenance is great. The one big disadvantage is range, road trips are 'painful'(for me) needing to stop every 2/2,5hrs to charge and then having to worry about where to charge when arriving at destination.
Insurance cost to high
Amazingly in States where Tesla offers their own insurance all of a sudden rates go down to about the same.
Imagine that!
@@nickmcconnell1291repair costs are high because Tesla controls the distribution. Only authorized facilities have access to parts.
@@patrickhenigin4805 Very true. I wonder if third party parts will ever become a thing for Teslas?
Edmonds is not a reputable resource for factual information these days. It seems like most articles are paid for advertising.
There are two main factors that lead to someone trading in a Tesla for an ICE car. The biggest culprit is relocation. Moving to an apartment building without decent charging infrastructure or moving to a more rural location without access to super chargers. The second issue is that Tesla does not offer as much money for trade-ins as a dealership. The end result is that you are better off selling your EV and buying a new one than to trade it in to Tesla. The end result being that most of the trade-ins that happen will be to dealerships that are often actively trying to sell you an ICE vehicle.
Perhaps the statistic actually indicates that: ... Of the Tesla owners that have decided to go back to gasoline, and therefore they go to an ICE dealership, half of them succeed with their intention while half of them change their mind and trade to another EV after all. Even though they went all the way to an ICE dealership, full of ICE cars, being talked to about ICE cars, with an ICE car on their mind, half of them still changed their mind and went for another EV.
Those people? Those particular cherries?
One reason I can think of for wanting a PHEV is for flexibility. That is, you can use the battery for your short haul day to day driving, but if you want to go on a long road trip, or have any difficulty charging for whatever reason, you have your gasoline/petrol engine available for that. I most certainly would NOT drive an EV if I had to travel long distances, indeed, or for that matter if I lived in a place without a private driveway where I could install a charger.
I swap my polestar 2 for a diesel kia and it was a very good decision
Hypothesis: Tesla doesn't report data to Edmond's, so Edmond's data disproportionately reports Tesla trade-ins are for cars made by companies ("dealerships") that provide them data.
Absolutely correct. Similarly, Tesla won't pay JD Power, so JD Power rates Tesla as "unreliable."
No charging network....
Newer EV's should retain value better....
More Range
Better Build Quality
Improved Interior
A point to consider, as far as the trading in of Teslas for ICE vehicles is, #1 the US as a whole actually pays much less for gas (gasoline), or petrol as much of the world says. In fact, we actually pay by the gallon, whereas most everyone else measures it in liters. Another point, MOST cities in the US don't have a prominent build out of charging stations as of yet. So, mostly, it's people who either own a home or have a situation where they can charge at home. Also, A lot of US states are comparable in size to some European countries. Also, in large cities, a commute often takes an hour or more. So, range anxiety is a real thing. That combined with the potential hassles of limited charging locations, I think, has really kept EVs from wider adoption. My 2 cents.
Can’t go back to ICE because I don’t want range anxiety - every 300 miles having to spend $70 would cause anxiety! Also any comparable ICE would be much slower as well.
keep in mind the first year that a typical Model 3 lease would end would be 2020. Every year before that would be Model S trade ins or people who have the means to regularly purchase/lease a new car. Not people concerns about costs.
The "Average" consumer who buys a new/used car and drives it for 150, 200, or 300,000 miles are still on their very first EV.
Well at one point 100% of petrol powered cars were traded for petrol powered cars … now we have a choice … I have both because they each have their merits. My commute is 40 miles each way and the Tesla is my daily driver. It’s less than half the operating cost of my previous vehicle and it’s actually better in every aspect.
2:41 At dealerships is a key piece of information since it presumably includes nobody going Tesla -> Tesla.
Getting mine next month. Selling my Nissan leaf, I have had it for 4 years. Love my Nissan and will love my M3P even more. No more GAS!! 66% of sales of Tesla’s Q2 2024 were brand new buyer. That is important.
Well yeah, if you’re at a legacy auto dealership you probably didn’t like your Tesla. The rest of owners a) still have the Tesla or b) traded in for a Tesla or another non-dealership startup like Rivian or Lucid. Self-selecting stat.
I drive a X and a cybertruck, meet people every day driving them, I never heard of anyone trading a Tesla for a gas car. I have heard of people, trading in other electric cars for a Tesla, but not gas.
Sam: 1. Lung cancers often occur that start elsewhere. 2. Democratic-leaning car owners may abandon Tesla because of Musk's political rants.