When BEV are cheaper followed by people’s realizations that BEV’S operational cost is much lower. Watch out for the S curve. Not even considering robo taxis.
EVs will dominate sure... but will you own a car in 20 years? Will the governments approve autonomous routes and build the infrastructure? Thehnb why own anything, if it can get to your place on demand. EV sales are not going to blow up. Ridehailing businesses like Uber will...
I think you're right that ICE vehicles will eventually become a niche market for the wealthy. By 1924, only poor people still rode horses. Most people had transitioned to ICE cars. Now, in 2024, only rich people have horses 🐎.
Your arguments are correct. But the biggest difference might be picking a self-driving car Level 4 or 5 vs a level 0 (no automation). Like it happened to phones; smart vs dumb, mobile vs fixed. ICE will be collector or luxury items, like Ferrari or Lambo. The pace of change will also depend on the infrastructure change. How long will we have widespread gas stations?
I agree. I think as long as people get to chose what they want to drive, the market will decide. And as long as Ev's keep getting cheaper and nicer than gas cars, folks will buy them. Especially if they can be charged everywhere. I agree, I expect to see a shift. My grand kids not yet born will likely grow up with electric cars being normal.:)
@@HayleyEichit’s a great look. You are shooting into the sun so Grab yourself a couple of reflectors as well so you can pick up a bit more light on your face. Balance from both sides and it will make you pop as the subject.
Best is yet to come with Tesla. Robo taxis not out yet. Optimus under development. Autopilot looking great. Latest videos I’ve seen of v12.x, the car pretty much drives itself with hardly any involvement from the driver. Imagine when Tesla licenses autopilot tech to other manufacturers.
I agree with what you are saying, the brutal economics will sway the majority of car owners to persuade most to switch. The other fact that is that ev's will be a much better product with the benifit in improving emissions overall. There will always be a niche market for people with money who want to play with there classic ice cars. Heavy industry and heavy haulage will also switch to ev. With fsd and humaniod robots most goods will be hauled at night to minimise conjestion. I can't wait till the penny drops with the majority of people as they will see with there own eyes the difference this new technological revolotion will make to their lives. Gen 2, FSD, Grok, Semi, Optimus and cost effective clean energy storage, bring it on!
I’ve leased a model 3 for three years,and have some shares,I wouldn’t go back to ice,I’ve got a home charger,rarely use the network,but it’s the best and the cheapest.Id def get a model 2,which looks like it will happen.Tesla have massive advantage over legacy,look at ford,way behind,and the capri😮. Classic cars will always be popular,they’re ulez exempt,and mot and road tax exempt anyway.
What a surprising number of folks still don't know about EV ownership: -Going to a gas station doesn't get replaced with going to a public charger. If you have an outlet in your garage, you will probably only go to public chargers on long road trips -The cost of maintenance is nearly zero. No oil changes, no tune ups, just tire rotation and tire changes for the first several years -It's super quiet, super zippy, no exhaust fumes in your garage, no oil drips, and overall just a way more pleasurable experience than owning an ICE vehicle I've driven EVs for over 15 years and was surprised recently to be in a Tesla with some friends that were EV curious, to discover that the above was all new information to them. Adding Tesla specific information: over the air software updates, "just like my phone gets?" yes; constant improvements in Full Self Driving.The idea that a car could improve itself over time was mind blowing to them, "It's like a computer on wheels!". Exactly. "But didn't you pay like $15,000 for that FSD?" No, I pay $99 a month and if I'm going out of town, I turn it off and pay nothing. These 3 intelligent people all owned nice, even luxury, vehicles and at least 2 of them will be test driving a Tesla soon. Tesla could have such amazing, impactful ads if they ever choose to.
Thanks for really great points on EV adoption and its challenges. Price is one thing, but I think marketing the entire value ROI proposition for purchasing an EV still needs to mature. The consumer needs price reductions which should also allow insurance companies to provide reasonable coverage rates for EVs. Most consumers will charge their vehicles at their residence and will have to pay for the increase in electricity cost. When EVs show decades of dependable performance statistics the ROI picture for consumers will become clear.
I don't think the emphasis is on cars anymore. I think Tesla have moved away from the 20 million per year goal. They are focusing on the FSD and the huge potential market. Robotaxi has the potential to be huge followed by Optimus then the monster of energy. Ai is here cars are the smallest part soon and I'm waiting for Wall St to realise and watch the stock soar.
How long before Tesla charging do a deal with CostaCoffee or Starbucks and we see them everywhere in town / city locations for people who don't have home charging ?
Thank you … can’t agree with your well thought conclusions more. You have hit every single point 🎯 that counts leaving no stones unturned. Thank you also for a glimpse into your summer outdoor moments … serenity and lucidity for us to absorb 🌈🎶🎯
As a long term Jaguar owner who gets 560 miles out of a tank of diesel and who regularly does Birmingham to Dorset and back on one tank of diesel, I can't see ICE cars vanishing for decades, mainly because of the HGV transport system needing to do lots of miles and no viable electric vehicle replacement for those diesel lorries, which means diesel particularly will be available for a long long time yet and thus diesel cars also benefiting from that long term supply requirement.
I was thinking about the example of mechanical watches and quartz or smart watches. Mechanical watches are not as accurate and more complicated to maintain however cost more money and bring social status. Premium ICE cars will sustain symbolism for the one that cares about that. However if you need easy transportation and just move from one point to another you will be better use reliable self driving electric car.
Greetings from Canada and thank you for this video. I am much, much older than you, so thank you for giving a perspective from your generation. I agree with most of what you had to say. The point I would add is that we will soon be moving to an era where private vehicle ownership will become far less necessary as ride sharing services proliferate and become autonomous. I expect the use of internal combustion engines will decline sharply in the coming years and its use in urban areas will be outlawed. All taxis and local deliveries will be done with zero emissions vehicles. I expect that you will be able to go to a track and enjoy the full ICE experience there for some time to come just as you can do with horses in the current era. You can choose to maintain your own ICE vehicles at the track just as folks do with boarding their horses today. Some forms of transportation will take longer to get converted to renewable energy, like large cargo ships and aviation but it will come eventually. I expect that future generations will look back in dismay, trying to understand why we burned hydrocarbons when they were worth far more to the petro-chemical industry.
@@frv6610 I also prefer driving my own car, but I don’t think I will be able to compete with a robot driving my car. A robot will be 100% attentive and a far safer driver than me regardless of my ego. Yes, I enjoy driving, but do I deserve the right to put other people at risk for my enjoyment - I think not in the long term. Store your fun car or horse at a track where you can enjoy it without putting others at risk.
Hmm, interesting perspective Hayley. Mine is that electric batteries being the work horse of EVs is the real gold mine, but not for cars, boats, etc, instead for smaller applications including all of IoT. From that perspetive, my investing focus has been alot on that arena of electric modernization. Best wishes.
My view of EV dominance changed after watching videos on the revival of Air Compression powered ICE vehicles announced by Tesla, Ford and GM. Furthermore, Tesla is bringing forth a new hybrid car line based on hydrogen-electric power. All these are UA-cam videos.
The running costs are already a no-brainer. When sticker prices start competing in the budget car segment, it's just a matter of waiting for consumer sentiment to catch up and it will be game over for ICE vehicles. They will only be sighted in car collectors' garages and race tracks.
There will be new inventions and developements we can't even think of now that will disrupt the shift in addition. Companies that aren't even founded yet will interfere beyond measures. Just think about how fast energy and high-capacity storage have changed in only two decades. One option is that we don't even use cars in 100 years, because there will be other practices for traveling and transportation. Robo-Taxi will be proof. And why do I need a car if some kind of robot will deliver my groceries home by himself? By flying or in tunnels underground? In pipelines even. Inconceivable. Look up the James Bond movie "The living daylights" (1987) where a person gets shot through a pipe in minutes from Bratislava to Vienna (65km). But until then we all get rich with TESLA I suppose.. ^_^
I think you're right about cost, more over we need to see the cost of gas go up, here in Canada gas/petro has declined abit, once it goes over 2.00 dollars or pounds a litre again it will assist the EV's.. (thanks for the nice video), you have a gift-its seems like your always holding back a smile, very endearing!!! Keep it up, Thanks
There is another very important factor to consider when it comes to EVs. Unlike ICE vehicles, EVs come with batteries, it's not like you buy the EV and then go buy some batteries. With ICE vehicles, the cost of adding a tank to hold fuel is relatively stable because aluminium is stable commodity, it's not a rare mineral. The commodities needed to make the EV batteries are subject to geo-politics in a way that aluminum is not.
Great points. I live in Amish country and just heard horse & carriage going down my street. After your video I decided to start buying Tesla stock for my kids, like I wish my dad would have bought Autozone stock for me.
The first cars were steam and electric. ICE vehicles became dominant due to the discovery of crude oil and crude products. Had it not been for crude oil, more innovation would have gone into electric and the world would be further ahead in EV technology. I agree ICE vehicles will still be around (Toyota is working on radical new ICE engine designs), but they won't be ICE only, they will all be Hybrid EVs using radical new ICE designs. Pure EVs will likely be the majority given most vehicle journeys are short, sub 15-minute journeys. "no one has done since Tesla" - I think China's BYD has now caught up, even surpassed Tesla in sales. And EU import duty on Chinese EVs is surprisingly low and while Tesla got a slightly better deal, in no way does Tesla have a major advantage against EVs imported from Asia. That is because we don't want Tesla to gain a monopoly, and also to ensure the more affordable Asia EVs force the western EV automakers lower their prices. Ultimately China will subsidise BYD no matter what import duties are imposed, and this will force prices down and force Tesla to become a niche player or lower its pricing too.
I agree, think Rolex and the digital watch revolution. Digital watches quickly become cheaper, more reliable and more accurate than mechanical watches, yet there's still a strong market for Rolex and other "luxury" traditional watch brands. Aston Martin, Ferrari or others could be the future Rolex if they get the product right, which could be hybrid luxury or sports cars. I don't see a future for ICE Honda or Nissan vehicles, if these brands don't transition to EV I think they'll struggle with future markets.
i disagree on not having that mass affordable EV. China already has them, if they shipped them to U.S. and other foreign countries without the country imposing tariff, its gameover.
...And there are also many people going back - adopting back to an ICE vehicle from an EV. In my view, EV's are a niche consumer purchase. Could you imagine everyone driving a Tesla or BYD everywhere you look? All that would differentiate each EV is the colour of the car? Talk about a bland and highly conformed world. I can't see that happening. People will always follow their individual choices.
Tesla has by far the highest brand loyalty of any manufacturer, fact. Most going back to ICE bought poor EV's with endless problems and poor charging options. Should have bought a Tesla !
Hayley ..... I love these videos done in the sun outside. You look great and the backdrop is beautiful. Its like a promo video for the UK !! Keep up the good work. Love your videos, wherever they are set !!
And as mentioned, most traditional OEMs are dead. Very few will survive. Maybe Toyota, Volkswagen and Ford. Even Chinese automakers will have a hard time. BYD looks as possible winner.
The use of electricity has increased annually and required continued upgrades without BEVS. The pace will remain relatively unchanged. The grid is also saved by much more local solar production with short distribution need. No worries!
@@BjorckBengt I don't like how much electricity there is everywhere, it is very unnatural compared to driving a combustion engine 1 hour which is like cavemen having a campfire all night long
I think attributing any part of ones individual identity with what they drive is coming to a close, thus ICE. With FSD and clean, simple, reliable and CHEAP transportation our relationships with transportation changes forever.
Musk disagrees with you about Tesla gaining market share. As I recall, he indicated that China would gain a greater and greater market share (earnings call, a few months ago) unless very high tariffs are imposed. Also, hybrid sales growth rate is increasing while EV sales growth has flattened and declined in some markets. If I am correct (this is based on memory), then we can expect hybrids to eventually have the greatest market share followed by EVs. And regarding the Cyber Truck, this "Bata Test" is not going well. A full explanation as to why would consume too much time, but my prognosis is for the truck to have roughly the same market experience as another SS body vehicle from decades ago, the DeLorean.
Hybrids are just a crutch to cover the (reletively short) period of time while range anxiety (wrongly) still exists. This issue will not last, nor will the over complicated hybrids. It is simply a way for ICE manufacturers to extend their declining industries. The general public will eventually realise this and hybrids will soon be a thing of the past too. And Cybertruck is here to stay too.
@@adrianwoolf3196 Disagree on both counts....Cyber Trucks are a "limited life cycle product" for more reasons than I can list.....and the hybrids are destined to take the greater market share primarily because they solve the range problem, the 'energy availability issues', have lower costs, much more abundance of materials necessary for production, etc. But only time will tell.
Thank you for your evaluation and your perspective. I really enjoy your optimism. As a bullish investor in Tesla, and gradually building my position in Palantir and Nvidia; I believe you and I are on the same page. Thank you for your daily videos and God Bless you and your family.
I think EV's will catch on when people discover there is virtually nothing to break down like a mechanical ICE car, and when it does, the computer can diagnose and even fix it on the spot. Not to mention the safety, and general security of an EV. I think they will get better in time along wiht improved range and options to fit lifestyles. Energy cells made of very low grade isotopes can concievably make an EV drive indefinitely without recharging for a very long time. Imagine driving from Rhode Island to California and back four or five times on one charge!
The only market for ICE cars will be classic cars, it's going to be hard to market any new ICE car when your average RV family saloon will be faster and better in every way and anything other than any ICE car, it'll be 10+ years before we get to this stage, but high adoption of EVs by 2030, probably 80-90% of all cars in the UK look out for 10/10/24 a day for the history books :)
Huh ? There are still lots of horses and carriages. 99 % of transport is ICE cars. it will be 99% EV. the charge time will be less than 10 min. range will be just as good. Cost will be 50% of a ICE.
This is obvious. Samme with horses. Maybe someone thought that horses would distinguish when Ford came up with the car. Of course not. It gradually became a nish and for special intressed in horses. Beside of UK, where they still use them as police transportation 😂
I have an EV and love it…BUT, they’re not for everyone. Running costs are low but depreciation is horrific so costs of ownership is high - any benefits are slowly being eroded (VED, Ulez etc)…and if you don’t have a charger at home then forget it. Also, long journeys can be stressful and do take longer than ICE. Yes, Tesla network is better, but still far less convenient than ICE.
if they would put thin film solar cells on the EV they could reduce range anxiety. sun could charge the car in remote rural woods or sticks as they say.
You might want to look at the stats for people going back to ICE from EV. I recover brake-downs and EV's bring big problem. Theres also large tax brakes on EVs
EV's will continue to go as a portion of the total vehicle mix. When they surpass ICE then gasoline is going to start to get scarce and more expensive. The end will be coming soon for mass market ICE at that point. Just my opinion.
There will come a time when driving a car will be illegal, or only allowed in contained "auto amusement parks". Autonomous driving vehicles will be so much safer, and comparatively, human drivers will be so much more dangerous . This moment may come sooner than most think. Exponential learning curves are hard to predict. Most people estimate outcomes using linear thinking.
There are 2 billion ICE in the world and today about 60 million new are sold annually and 12 million BEVS. It will take a very long time to change out the majority of ICE. In 2035 all new vehicles will be BEVS and maybe up to 100 million will be produced annually which means it will take untli 2055 before all vehicles are battery electric. Then, robotaxi could change all that.
Evs are mainly intended to improve the air quality in cities where a lot of people suffer and even die due to poor air quality on global scale EVs make some difference but a tiny one - so no it is not about global warming - to achieve that you would have to focus n the main sources of pollution - power generation, manufacturing, transportation - ships are monsters (do not buy stuff comming from the other side of the earth)
I wouldn't rule out ICE manufacturer overtaking Tesla. Those companies are like Microsoft. They watch the competition create a market and then swoop in with a better product. Toyota has a battery in development that will have 900 mile range and can be super-charged to 75% in the time it takes to drink a cup of coffee. Toyota is already saying that if it succeeds, it will license the technology to its competitors because it's the right thing to do by the planet.
Back in 2022 when btc was at its cycle low, people where saying btc is done for it's going below $15k US it's going to zero. Well it's down 10% from mid March ath 2024 and now everyone is shitting themselves. That doesn't make any logical sense especially for crypto.Its just a shake out phase, chill people go zoom out at old charts. We are at around 1.4 trillion market cap and only growing, just wait and see the price next year in March it will double....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I don’t know if I agree. One of the main reasons for the shift is climate and health concerns. Internal combustion engines emit harmful emissions and small particulates which, overtime, can cause cancer and at the very least, breathing problems. Vinyl records never harmed anyone’s health and that’s why they’re still around. ;)
@@chadwick1531 That kind of overkill causes bad effects on society which are not always easy to calculate but still outweigh the benefit, like diminishing returns.
The future is hybrid how Toyota makes them. This is mainly because of the lame range of EVs. When you drive in many places of the USA, EVs are impractical.
Us ICE drivers look at EV drivers as road tax cheaters. EV’s are heavy, tear up the road more, don’t pay gas taxes, and spend too much time recharging looking stupid sitting in there cars with a dumb look on their face. So no, that’s not going to happen. Hybrid technology is smarter. That way you don’t have to look stupid while you’re recharging.
Government taxes on consumers with ICE vehicles will be an important factor. Depending on where you live you may have additional 'sin' taxes for maintaining ICE vehicle....not an issue for the affluent classes in society.
China are going away with ice vehicles by 2030. Nio batt swap is beginning to take a bigger and bigger part of the Cjhinese market. Evs per say are no good because the battery has only 8 uear life at this stage. Minimal ice will become a niche market. Swappable batteries is the way forward. Check Nio out Hayley.
Electric is the future. ICE cars are like bones with very little meat left on. The development left for EV is still big, just the battery tech alone. Imagine driving 2000km with one charge... It's in the future.
I view EVs as a novelty. At least until Tesla can figure out a way to charge them in less than 10mins. Also the range is awful. Driving EV with AC or Heat on makes range drop even more.
It will never be exclusive Ev's only. Synthetic fuels will raise and the combustion cars will definitely survive. Tesla was the first, but the second one (BYD) is already doing better. Cybetruck is an totally fail.
problem with EV vehicles are not green or clean- it requires a lot of coal to make batteries- coal mining is one of the most polluting mining that there is
Cost of Electricity is increasing. Electrical infrastructure is insufficient. What do you do with the used batteries that are caustic to our environment? I think you are trying to be an intellectual but are really just blowing smoke.
Cost of electricity is only increasing on old oil and gas produced electricity. More and more electricity is produced cheaper renewably and battery stored. This transition takes time but it is and will happen. Batteries are recycled and reused. Try doing that with oil and gas. And Hayley, you are 100% right.
Me and my wife play a game called "punch Tesla", whenever one of us spots a Tesla we get to throw a free punch in the arm. Let's just say our arms are consistently getting sorer each time we drive as more Tesla's are sold 😂
I disagree...sorry...the cost of ownership of a TESLA is ridiculous. You can purchase a Toyota and drive it pretty much care free for 25 yrs....TESLA about 3 yrs......At the end of the day about 1-3% of EV ..and that is IT. They SUCK in the USA for Cold and Heat temp states...
You are so wrong on many fronts. Tesla 3 yrs, a rediculous, uninformed statement. And just look at the stats for a really cold country like Sweden. Really. Just look at it. Don't take my word for it, do the research. You will be shocked !
@@adrianwoolf3196 Why don't you get informed and look up cost of ownership for a TESLA? Tires, ballpoints, and non-main battery for starters. People are abandoning their TESLAs..there is a glut of unsold Teslas...get a clue
@@jonnymakers9560 Why then does Tesla have the highest customer satisfaction rate by far of ANY make EV or ICE with over 80% saying their next purchase will be another Tesla. Next highest is around 65% then 3rd around 54% (only going from memory so not exact but not far off) So Tesla must be doing something right.
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A better analogy would be luxury mechanical watches (winding or automatic) as ICE
When BEV are cheaper followed by people’s realizations that BEV’S operational cost is much lower. Watch out for the S curve. Not even considering robo taxis.
The great outdoors!
Great video Hayley!! Thanks so much for your insight. Once again love the outdoors!!
Good thought piece. Thx.
This is a disruption and EVs will dominate. People will still own ICE, just as they still own horses and steam engines. But not as daily drivers.
EVs will dominate sure... but will you own a car in 20 years? Will the governments approve autonomous routes and build the infrastructure? Thehnb why own anything, if it can get to your place on demand.
EV sales are not going to blow up. Ridehailing businesses like Uber will...
I think you're right that ICE vehicles will eventually become a niche market for the wealthy.
By 1924, only poor people still rode horses. Most people had transitioned to ICE cars.
Now, in 2024, only rich people have horses 🐎.
Your arguments are correct. But the biggest difference might be picking a self-driving car Level 4 or 5 vs a level 0 (no automation). Like it happened to phones; smart vs dumb, mobile vs fixed. ICE will be collector or luxury items, like Ferrari or Lambo. The pace of change will also depend on the infrastructure change. How long will we have widespread gas stations?
I agree the obsolete technology becomes the finer thing, the way rich people have horses and fancy mechanical watches etc.
I agree. I think as long as people get to chose what they want to drive, the market will decide. And as long as Ev's keep getting cheaper and nicer than gas cars, folks will buy them. Especially if they can be charged everywhere. I agree, I expect to see a shift. My grand kids not yet born will likely grow up with electric cars being normal.:)
That must be green screen, because UK weather is never like that😊
I got lucky … don’t count on seeing this again 😂😅
@@HayleyEichit’s a great look. You are shooting into the sun so Grab yourself a couple of reflectors as well so you can pick up a bit more light on your face. Balance from both sides and it will make you pop as the subject.
Best is yet to come with Tesla. Robo taxis not out yet. Optimus under development. Autopilot looking great. Latest videos I’ve seen of v12.x, the car pretty much drives itself with hardly any involvement from the driver. Imagine when Tesla licenses autopilot tech to other manufacturers.
What an insightful video!!! Thank you Hayley!
I have a 17 year old 6 cyllinder BMW 5 series diesel, approching 450.000 km (280.000 miles), I feel rich now
@@curioussand1339 buy some Tesla shares with your savings
I agree with what you are saying, the brutal economics will sway the majority of car owners to persuade most to switch. The other fact that is that ev's will be a much better product with the benifit in improving emissions overall. There will always be a niche market for people with money who want to play with there classic ice cars. Heavy industry and heavy haulage will also switch to ev. With fsd and humaniod robots most goods will be hauled at night to minimise conjestion. I can't wait till the penny drops with the majority of people as they will see with there own eyes the difference this new technological revolotion will make to their lives. Gen 2, FSD, Grok, Semi, Optimus and cost effective clean energy storage, bring it on!
Nice talk. Thanks for your thoughtful videos!
I’ve leased a model 3 for three years,and have some shares,I wouldn’t go back to ice,I’ve got a home charger,rarely use the network,but it’s the best and the cheapest.Id def get a model 2,which looks like it will happen.Tesla have massive advantage over legacy,look at ford,way behind,and the capri😮.
Classic cars will always be popular,they’re ulez exempt,and mot and road tax exempt anyway.
Hi Hayley, happy to watch you enjoy on the sunny outside, Long TSLA, TSLY, CASH and PLTR!~🥰🤑
What a surprising number of folks still don't know about EV ownership:
-Going to a gas station doesn't get replaced with going to a public charger. If you have an outlet in your garage, you will probably only go to public chargers on long road trips
-The cost of maintenance is nearly zero. No oil changes, no tune ups, just tire rotation and tire changes for the first several years
-It's super quiet, super zippy, no exhaust fumes in your garage, no oil drips, and overall just a way more pleasurable experience than owning an ICE vehicle
I've driven EVs for over 15 years and was surprised recently to be in a Tesla with some friends that were EV curious, to discover that the above was all new information to them.
Adding Tesla specific information: over the air software updates, "just like my phone gets?" yes; constant improvements in Full Self Driving.The idea that a car could improve itself over time was mind blowing to them, "It's like a computer on wheels!". Exactly. "But didn't you pay like $15,000 for that FSD?" No, I pay $99 a month and if I'm going out of town, I turn it off and pay nothing. These 3 intelligent people all owned nice, even luxury, vehicles and at least 2 of them will be test driving a Tesla soon.
Tesla could have such amazing, impactful ads if they ever choose to.
Great points! 👍 No leaf interruption this time. 😁
Love both the outdoor videos tbh
I've been saying this for years...as long as you and everybody else is alive we'll have both EV and ICE vehicles. Period.
what do you think nio stock，Hayley？
Great reasoning Hayley.
Love the outdoor format!
Thanks Arny! Not quite the Italian countryside 😅
I love these videos.❤
Thank you!! ☺️
Thanks for really great points on EV adoption and its challenges. Price is one thing, but I think marketing the entire value ROI proposition for purchasing an EV still needs to mature. The consumer needs price reductions which should also allow insurance companies to provide reasonable coverage rates for EVs. Most consumers will charge their vehicles at their residence and will have to pay for the increase in electricity cost. When EVs show decades of dependable performance statistics the ROI picture for consumers will become clear.
I don't think the emphasis is on cars anymore. I think Tesla have moved away from the 20 million per year goal. They are focusing on the FSD and the huge potential market.
Robotaxi has the potential to be huge followed by Optimus then the monster of energy.
Ai is here cars are the smallest part soon and I'm waiting for Wall St to realise and watch the stock soar.
Robotaxi's are nice, but why own a car if you can hail for life.
How long before Tesla charging do a deal with CostaCoffee or Starbucks and we see them everywhere in town / city locations for people who don't have home charging ?
Thank you … can’t agree with your well thought conclusions more. You have hit every single point 🎯 that counts leaving no stones unturned. Thank you also for a glimpse into your summer outdoor moments … serenity and lucidity for us to absorb 🌈🎶🎯
Hey Carlo! Thank you :) Oh yes it was a lovely day... I'm just wondering how long the UK can enjoy the summer weather haha!
good job
As a long term Jaguar owner who gets 560 miles out of a tank of diesel and who regularly does Birmingham to Dorset and back on one tank of diesel, I can't see ICE cars vanishing for decades, mainly because of the HGV transport system needing to do lots of miles and no viable electric vehicle replacement for those diesel lorries, which means diesel particularly will be available for a long long time yet and thus diesel cars also benefiting from that long term supply requirement.
Tesla semi
I was thinking about the example of mechanical watches and quartz or smart watches.
Mechanical watches are not as accurate and more complicated to maintain however cost more money and bring social status. Premium ICE cars will sustain symbolism for the one that cares about that. However if you need easy transportation and just move from one point to another you will be better use reliable self driving electric car.
Greetings from Canada and thank you for this video. I am much, much older than you, so thank you for giving a perspective from your generation. I agree with most of what you had to say. The point I would add is that we will soon be moving to an era where private vehicle ownership will become far less necessary as ride sharing services proliferate and become autonomous. I expect the use of internal combustion engines will decline sharply in the coming years and its use in urban areas will be outlawed. All taxis and local deliveries will be done with zero emissions vehicles. I expect that you will be able to go to a track and enjoy the full ICE experience there for some time to come just as you can do with horses in the current era. You can choose to maintain your own ICE vehicles at the track just as folks do with boarding their horses today. Some forms of transportation will take longer to get converted to renewable energy, like large cargo ships and aviation but it will come eventually. I expect that future generations will look back in dismay, trying to understand why we burned hydrocarbons when they were worth far more to the petro-chemical industry.
I prefer driving my own car wherever I want
@@frv6610 I also prefer driving my own car, but I don’t think I will be able to compete with a robot driving my car. A robot will be 100% attentive and a far safer driver than me regardless of my ego. Yes, I enjoy driving, but do I deserve the right to put other people at risk for my enjoyment - I think not in the long term. Store your fun car or horse at a track where you can enjoy it without putting others at risk.
@@deanrhodenizer938 overkill safety shouldn't be a goal higher than normal freedom, that's a disguised way of attacking liberty
Hmm, interesting perspective Hayley. Mine is that electric batteries being the work horse of EVs is the real gold mine, but not for cars, boats, etc, instead for smaller applications including all of IoT. From that perspetive, my investing focus has been alot on that arena of electric modernization. Best wishes.
Thanks for the video! Your audio was "poping" a bit, though and it made it really loud in my headphones.
Audio fine for me.
Definitely❤
100%. Correct.
My view of EV dominance changed after watching videos on the revival of Air Compression powered ICE vehicles announced by Tesla, Ford and GM. Furthermore, Tesla is bringing forth a new hybrid car line based on hydrogen-electric power. All these are UA-cam videos.
Is Air compression ICE some kind of turbo or super charger?
People do not want EVs. The majority of people buy gas cars or hybrids.
Ye, ICE is sufficient and getting better every year
The running costs are already a no-brainer. When sticker prices start competing in the budget car segment, it's just a matter of waiting for consumer sentiment to catch up and it will be game over for ICE vehicles. They will only be sighted in car collectors' garages and race tracks.
There will be new inventions and developements we can't even think of now that will disrupt the shift in addition. Companies that aren't even founded yet will interfere beyond measures. Just think about how fast energy and high-capacity storage have changed in only two decades. One option is that we don't even use cars in 100 years, because there will be other practices for traveling and transportation. Robo-Taxi will be proof.
And why do I need a car if some kind of robot will deliver my groceries home by himself? By flying or in tunnels underground? In pipelines even. Inconceivable. Look up the James Bond movie "The living daylights" (1987) where a person gets shot through a pipe in minutes from Bratislava to Vienna (65km). But until then we all get rich with TESLA I suppose.. ^_^
Next time on the pool
I think you're right about cost, more over we need to see the cost of gas go up, here in Canada gas/petro has declined abit, once it goes over 2.00 dollars or pounds a litre again it will assist the EV's.. (thanks for the nice video), you have a gift-its seems like your always holding back a smile, very endearing!!! Keep it up, Thanks
Price, price and price. More will shift economics of scale?
There is another very important factor to consider when it comes to EVs. Unlike ICE vehicles, EVs come with batteries, it's not like you buy the EV and then go buy some batteries. With ICE vehicles, the cost of adding a tank to hold fuel is relatively stable because aluminium is stable commodity, it's not a rare mineral. The commodities needed to make the EV batteries are subject to geo-politics in a way that aluminum is not.
Great points. I live in Amish country and just heard horse & carriage going down my street. After your video I decided to start buying Tesla stock for my kids, like I wish my dad would have bought Autozone stock for me.
The first cars were steam and electric. ICE vehicles became dominant due to the discovery of crude oil and crude products. Had it not been for crude oil, more innovation would have gone into electric and the world would be further ahead in EV technology.
I agree ICE vehicles will still be around (Toyota is working on radical new ICE engine designs), but they won't be ICE only, they will all be Hybrid EVs using radical new ICE designs. Pure EVs will likely be the majority given most vehicle journeys are short, sub 15-minute journeys.
"no one has done since Tesla" - I think China's BYD has now caught up, even surpassed Tesla in sales. And EU import duty on Chinese EVs is surprisingly low and while Tesla got a slightly better deal, in no way does Tesla have a major advantage against EVs imported from Asia. That is because we don't want Tesla to gain a monopoly, and also to ensure the more affordable Asia EVs force the western EV automakers lower their prices. Ultimately China will subsidise BYD no matter what import duties are imposed, and this will force prices down and force Tesla to become a niche player or lower its pricing too.
I agree, think Rolex and the digital watch revolution. Digital watches quickly become cheaper, more reliable and more accurate than mechanical watches, yet there's still a strong market for Rolex and other "luxury" traditional watch brands. Aston Martin, Ferrari or others could be the future Rolex if they get the product right, which could be hybrid luxury or sports cars. I don't see a future for ICE Honda or Nissan vehicles, if these brands don't transition to EV I think they'll struggle with future markets.
agree with you 😊
i disagree on not having that mass affordable EV. China already has them, if they shipped them to U.S. and other foreign countries without the country imposing tariff, its gameover.
...And there are also many people going back - adopting back to an ICE vehicle from an EV. In my view, EV's are a niche consumer purchase. Could you imagine everyone driving a Tesla or BYD everywhere you look? All that would differentiate each EV is the colour of the car? Talk about a bland and highly conformed world. I can't see that happening. People will always follow their individual choices.
Tesla has by far the highest brand loyalty of any manufacturer, fact. Most going back to ICE bought poor EV's with endless problems and poor charging options. Should have bought a Tesla !
Hayley ..... I love these videos done in the sun outside. You look great and the backdrop is beautiful. Its like a promo video for the UK !! Keep up the good work. Love your videos, wherever they are set !!
Thank you!! I am concerned about how the weather is now changing here and it's becoming harder to film outside already... typical British weather
And as mentioned, most traditional OEMs are dead. Very few will survive. Maybe Toyota, Volkswagen and Ford. Even Chinese automakers will have a hard time. BYD looks as possible winner.
you speak the truth
If they become the majority, countries better figure out how to upgrade their electrical grids in a major way.
The use of electricity has increased annually and required continued upgrades without BEVS. The pace will remain relatively unchanged. The grid is also saved by much more local solar production with short distribution need. No worries!
@@BjorckBengt I don't like how much electricity there is everywhere, it is very unnatural compared to driving a combustion engine 1 hour which is like cavemen having a campfire all night long
I think attributing any part of ones individual identity with what they drive is coming to a close, thus ICE. With FSD and clean, simple, reliable and CHEAP transportation our relationships with transportation changes forever.
Hey green Diamond nice to see you in the green garden but you going crazy on your investment. Start keeping a little bit more cash.
Musk disagrees with you about Tesla gaining market share. As I recall, he indicated that China would gain a greater and greater market share (earnings call, a few months ago) unless very high tariffs are imposed. Also, hybrid sales growth rate is increasing while EV sales growth has flattened and declined in some markets. If I am correct (this is based on memory), then we can expect hybrids to eventually have the greatest market share followed by EVs. And regarding the Cyber Truck, this "Bata Test" is not going well. A full explanation as to why would consume too much time, but my prognosis is for the truck to have roughly the same market experience as another SS body vehicle from decades ago, the DeLorean.
Hybrids are just a crutch to cover the (reletively short) period of time while range anxiety (wrongly) still exists. This issue will not last, nor will the over complicated hybrids. It is simply a way for ICE manufacturers to extend their declining industries. The general public will eventually realise this and hybrids will soon be a thing of the past too. And Cybertruck is here to stay too.
@@adrianwoolf3196 Disagree on both counts....Cyber Trucks are a "limited life cycle product" for more reasons than I can list.....and the hybrids are destined to take the greater market share primarily because they solve the range problem, the 'energy availability issues', have lower costs, much more abundance of materials necessary for production, etc. But only time will tell.
basically, i think you are right.
Evgo inc. been on the green while the market is been on the red
Thank you for your evaluation and your perspective. I really enjoy your optimism. As a bullish investor in Tesla, and gradually building my position in Palantir and Nvidia; I believe you and I are on the same page. Thank you for your daily videos and God Bless you and your family.
Very kind of you, thank you 🤗
I think EV's will catch on when people discover there is virtually nothing to break down like a mechanical ICE car, and when it does, the computer can diagnose and even fix it on the spot. Not to mention the safety, and general security of an EV. I think they will get better in time along wiht improved range and options to fit lifestyles. Energy cells made of very low grade isotopes can concievably make an EV drive indefinitely without recharging for a very long time. Imagine driving from Rhode Island to California and back four or five times on one charge!
ICE is really good, EV is only for looking flashy
The only market for ICE cars will be classic cars, it's going to be hard to market any new ICE car when your average RV family saloon will be faster and better in every way and anything other than any ICE car, it'll be 10+ years before we get to this stage, but high adoption of EVs by 2030, probably 80-90% of all cars in the UK look out for 10/10/24 a day for the history books :)
Huh ? There are still lots of horses and carriages. 99 % of transport is ICE cars. it will be 99% EV. the charge time will be less than 10 min. range will be just as good. Cost will be 50% of a ICE.
This is obvious. Samme with horses. Maybe someone thought that horses would distinguish when Ford came up with the car. Of course not. It gradually became a nish and for special intressed in horses. Beside of UK, where they still use them as police transportation 😂
I have an EV and love it…BUT, they’re not for everyone. Running costs are low but depreciation is horrific so costs of ownership is high - any benefits are slowly being eroded (VED, Ulez etc)…and if you don’t have a charger at home then forget it. Also, long journeys can be stressful and do take longer than ICE. Yes, Tesla network is better, but still far less convenient than ICE.
if they would put thin film solar cells on the EV they could reduce range anxiety. sun could charge the car in remote rural woods or sticks as they say.
It can only suffice for charging mobile phones
You might want to look at the stats for people going back to ICE from EV. I recover brake-downs and EV's bring big problem. Theres also large tax brakes on EVs
How many of your breakdowns were Tesla's? Most OEM's make poor EV's.
@@adrianwoolf3196 yes fair share of them are Telsla. They seem to like to come to rest in the middle lanes of the motor way.
BYD are likely to dominate sales over the coming years in Western countries.
EV's will continue to go as a portion of the total vehicle mix. When they surpass ICE then gasoline is going to start to get scarce and more expensive. The end will be coming soon for mass market ICE at that point. Just my opinion.
We cannot get around "Ai Elon" TESLA does not turn him on any more.
nice t-shirt
There will come a time when driving a car will be illegal, or only allowed in contained "auto amusement parks". Autonomous driving vehicles will be so much safer, and comparatively, human drivers will be so much more dangerous . This moment may come sooner than most think. Exponential learning curves are hard to predict. Most people estimate outcomes using linear thinking.
The last shall be first.
There are 2 billion ICE in the world and today about 60 million new are sold annually and 12 million BEVS. It will take a very long time to change out the majority of ICE. In 2035 all new vehicles will be BEVS and maybe up to 100 million will be produced annually which means it will take untli 2055 before all vehicles are battery electric. Then, robotaxi could change all that.
ICE does the job, people will understand that EV is not really necessary
So glad to learn that am not the only person who counts Teslas. 😂
💯💯💯💯
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EVs won’t save us from global warming but I still want a Tesla
Evs are mainly intended to improve the air quality in cities where a lot of people suffer and even die due to poor air quality on global scale EVs make some difference but a tiny one - so no it is not about global warming - to achieve that you would have to focus n the main sources of pollution - power generation, manufacturing, transportation - ships are monsters (do not buy stuff comming from the other side of the earth)
it's not rocket surgery.
Why ..they are clown cars
I wouldn't rule out ICE manufacturer overtaking Tesla. Those companies are like Microsoft. They watch the competition create a market and then swoop in with a better product. Toyota has a battery in development that will have 900 mile range and can be super-charged to 75% in the time it takes to drink a cup of coffee. Toyota is already saying that if it succeeds, it will license the technology to its competitors because it's the right thing to do by the planet.
Are you related to Louis Thomas?
Whatever happened to him?
Back in 2022 when btc was at its cycle low, people where saying btc is done for it's going below $15k US it's going to zero. Well it's down 10% from mid March ath 2024 and now everyone is shitting themselves. That doesn't make any logical sense especially for crypto.Its just a shake out phase, chill people go zoom out at old charts. We are at around 1.4 trillion market cap and only growing, just wait and see the price next year in March it will double....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I don’t know if I agree. One of the main reasons for the shift is climate and health concerns. Internal combustion engines emit harmful emissions and small particulates which, overtime, can cause cancer and at the very least, breathing problems. Vinyl records never harmed anyone’s health and that’s why they’re still around. ;)
ICE has DPF filter and emitted levels are within safe range
“Safe”? I’d rather go with safest and no emissions period. But hey… that’s just me.
@@chadwick1531 That kind of overkill causes bad effects on society which are not always easy to calculate but still outweigh the benefit, like diminishing returns.
@@frv6610 if you think zero emissions is overkill then I can’t help you. Enjoy your small particulates.
The future is hybrid how Toyota makes them. This is mainly because of the lame range of EVs. When you drive in many places of the USA, EVs are impractical.
Think you're wrong. people with gas cars will be seen more and more as polluters. It will be frowned upon. I give it 7 years.
Agreed
Us ICE drivers look at EV drivers as road tax cheaters. EV’s are heavy, tear up the road more, don’t pay gas taxes, and spend too much time recharging looking stupid sitting in there cars with a dumb look on their face. So no, that’s not going to happen. Hybrid technology is smarter. That way you don’t have to look stupid while you’re recharging.
Government taxes on consumers with ICE vehicles will be an important factor. Depending on where you live you may have additional 'sin' taxes for maintaining ICE vehicle....not an issue for the affluent classes in society.
😎👍
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China are going away with ice vehicles by 2030. Nio batt swap is beginning to take a bigger and bigger part of the Cjhinese market. Evs per say are no good because the battery has only 8 uear life at this stage. Minimal ice will become a niche market. Swappable batteries is the way forward. Check Nio out Hayley.
Electric is the future. ICE cars are like bones with very little meat left on. The development left for EV is still big, just the battery tech alone. Imagine driving 2000km with one charge... It's in the future.
This is old news.
I view EVs as a novelty. At least until Tesla can figure out a way to charge them in less than 10mins. Also the range is awful. Driving EV with AC or Heat on makes range drop even more.
It will never be exclusive Ev's only. Synthetic fuels will raise and the combustion cars will definitely survive. Tesla was the first, but the second one (BYD) is already doing better. Cybetruck is an totally fail.
Nerdy girls rule 🥰
problem with EV vehicles are not green or clean- it requires a lot of coal to make batteries- coal mining is one of the most polluting mining that there is
NO coal is required to make the batteries.
Cost of Electricity is increasing. Electrical infrastructure is insufficient. What do you do with the used batteries that are caustic to our environment? I think you are trying to be an intellectual but are really just blowing smoke.
It's almost like the places that don't have oil are pushing the hardest for net zero!
Cost of electricity is only increasing on old oil and gas produced electricity. More and more electricity is produced cheaper renewably and battery stored. This transition takes time but it is and will happen. Batteries are recycled and reused. Try doing that with oil and gas. And Hayley, you are 100% right.
@@chen_490 Nowhere will have oil for ever. Just remember that.
Elon should log off X and go outside to get some sun. 😂
Me and my wife play a game called "punch Tesla", whenever one of us spots a Tesla we get to throw a free punch in the arm.
Let's just say our arms are consistently getting sorer each time we drive as more Tesla's are sold 😂
That being said, we also see increasingly more BYD's and MG's
I disagree...sorry...the cost of ownership of a TESLA is ridiculous. You can purchase a Toyota and drive it pretty much care free for 25 yrs....TESLA about 3 yrs......At the end of the day about 1-3% of EV ..and that is IT. They SUCK in the USA for Cold and Heat temp states...
You are so wrong on many fronts. Tesla 3 yrs, a rediculous, uninformed statement. And just look at the stats for a really cold country like Sweden. Really. Just look at it. Don't take my word for it, do the research. You will be shocked !
@@adrianwoolf3196 Why don't you get informed and look up cost of ownership for a TESLA? Tires, ballpoints, and non-main battery for starters. People are abandoning their TESLAs..there is a glut of unsold Teslas...get a clue
@@adrianwoolf3196 Oh we HAVE looked up the cost of ownership..YOU would be shocked..it is by far the WORST vehicle to purchase...
Look up Scotty Kilmer for starters...
@@jonnymakers9560 Why then does Tesla have the highest customer satisfaction rate by far of ANY make EV or ICE with over 80% saying their next purchase will be another Tesla. Next highest is around 65% then 3rd around 54% (only going from memory so not exact but not far off) So Tesla must be doing something right.
Hydrogen will dominate 10 - 15 years from now.
Not for cars.