‘Effectively worthless’: EV bubble bursts
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- Опубліковано 29 вер 2024
- The proverbial ‘arse’ has fallen out of the EV market, and it’s those who have already bought who are the biggest losers.
The electric vehicle bubble is bursting.
They were meant to be the environmental panacea - the guilt-free answer to travel.
And just think of all that money you’d save not having to buy increasingly expensive fuel (of which 49c in every litre is tax, by the way).
Cars have always been money pits. I’ve single-handedly put my mechanic’s son through private school.
But those who bought into the EV dream are fast discovering they’re the proud owners of even bigger money pits.
The arse has gone right out of the EV market.
#ev
#electricvehicle
#electriccar
#tesla
#byd
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Fantastic news, finally I can buy a cheap EV
They are like old smartphones. Going to worth nothing
@@chestercheng75 that's the point? I recently bought a Galaxy S20 Ultra 5G for about $200 and it's fantastic, way better than any other $200 phone I could find. The battery holds up just fine too. No complaints from me, I plan to drive it into the ground anyway
@@stephendetomasi1701 You cheapskate you.....
With China and the Chinese adopting EVs in droves, the business model and resale model of EVs will emerge, these include a year on year fall in battery prices and also modes such as rent a battery (even for cars). While developing cleaner battery manufacturing year on year. Just read the number of universities and industrial reports in China working on these areas. The Chinese are more cost conscious than the Americans and European EV manufacturers are ever. In the USA. For the West, the capitalist moves into EVs its more about marketing, profits and engineered obsolesce. i.e. just read about how the inflation reduction act green industry funding, how it was spent by the Americans
In contrast, China sees EV as their ticket for future prosperity and an existential threat to their future if the world is wreaked by climate change. In short, they can't have their billions of Chinese citizens live like the Americans and Europeans, who continue to destroy the earth with their per capita emissions. It is mission critical for China to find a way to seek greener technologies while at the same time make these technologies feasible to current norms such as resale value etc
Try listen to Scotty Kilmer if you haven't already. He pointed out the truth about EVs.
The is the based and one of the biggest car youtuber. I have been following his channel for a long long time too.
By the way Japan Toyota CEO 😂failed to lead Toyota in their EV ambition...is now facing the sack...they know the future is EV ...now they will experience the Kodak moment.
Is this the same CEO we talk about ? "Toyota CEO Sato leads automaker to record profit, sales, production"
@@AndrewTSq taken from Blomberg :Koji Sato weathered many ups and downs during his first year as Toyota chief executive officer. Shortly after taking the helm 12 months ago, he made a bold promise that the Japanese carmaker long criticized for hesitating to embrace electric vehicles would roll out millions of them within a few years.2 Apr 2024
Time will tell
In America, Teslas are accumulating in large parking lots. Unsold cars. Tesla is offering incentives like very low financing, to move the cars that *nobody* *wants* .
It is Bec if range anxiety and lack of investment for charging station...US spend more money on weapons than infrastructure. Countries that invest...are all moving to electric
@@alanccvoo its also because the cars are so EXPENSIVE. I mean if only 10% of the population can afford the cars, you can not expect it to take over the market. I am way above average income, but I could never afford a EV. "Yeah but ice cars are so expensive in maintaince" which is BS. Well, my new Audi is $200 a year in maintance. But the car is $15k cheaper than its EV counterpart.
@@AndrewTSq well you are not wrong... When car first came out...people said exactly what you said...it's cheaper to feed my horse. Look where we are.. today. Infact the Chinese EVs is cheaper than some ICE cars but too bad politicians got involved and made you pay taxes to enrich em further.
@@alanccvoo chinese ev's are cheaper in china than in europe yes. BYD are more expensive than Tesla in europe. In Sweden we do not luckily have subsidues for EV's anymore. I do not think its a good idea to make everyone pay tax so the rich can buy evs even cheaper.
@@AndrewTSq politicians need to eat. Anyway you think EV in Sweden is expensive....you never heard of Singapore lol
Bullshit!
Which part?
Tax incentives for the cronies of law makers who become rich in selling EV's. With poor people nobody who is in the money game wants to make his hands dirty, people are very selfish and with the increasing Western influence that will not go away.
You are correct
I think BMW X5 price drops faster than a tesla.
PHEV resale also are bad in Malaysia
You are literally reading out of someone’s post 70% of this clip. Kinda lazy if you ask me.
Audience needs to know the context before I can do a commentary. Why don't you do your own video then tell me?
Govt want to be seen as supporting ESG otherwise you think roadtax is cheaper, affordability of the EV owners are not the consideration for the roadtax and any other tax incentives.
Yes, I know but at who's expense?
Agree with your opinion on the tax relief and road tax.
Still baffles me why those can afford needs subsidy or tax relief
If you are upset of resale value... The dont buy electric car ..the reason why such rapid change is bec of gd innovation.. which is welcome rather than ICE car...your argument is just like why buy latest iphone or Samsung phone ..bec in a year it less than half the value...than you should use the old analog phone....cmon ...human must move forward not backwards
Electric motors and batteries have had over 100 years of innovation. Its an older tech than internal combustion engines.
@@AndrewTSq good I want it cheaper n better than my ICE car
That's why I'm not buying. But if I do, I rather buy a used one that is 2-3 years old and with 70% off the selling price.. LOL
@@chestercheng75 I am sure you will get your wish ..if only Chinese flood our markets with great deals...at the moment..they only export 11m cars world wide so we will have to wait
@@chestercheng75 only problem is if you want to sell that car it will continue to crash in price. But if you gonna keep it for years it is good