Why Electric Vehicles Are Impossible To Afford
Вставка
- Опубліковано 21 лис 2023
- Why are electric vehicles impossible to afford?
~
Get new episodes in your inbox once a week: thewhyminutes.com/subscribe/
/ whyminutes
/ thewhyminutes
Host: / nickfreitasva
Central planning of EV is exactly
“Too many people spend money they haven't earned, to buy things they don't want, to impress people that they don't like.”
― Will Rogers
FACTS!
*Central planning of ICEs is exactly
FIFY
Great saying. In short, bad decision to have it
YEA FANNY MAE GAVE MORGAGES TO PEOPLE WHO COUILDNT AFFORD TO PAY
Best quote ever
Politicians and activists really ruined electric vehicles. It's a neat technology that gets forced upon everyone prematurely.
So true, and what's worse is often premature products taint the markets for years even decades...more so when they relying on a host of costly infrastructure. EVs have a place but they are not the panacea advertised and promised by politicians.
It's not forced upon anybody just yet. Have until 2035 before that's even a thing assuming that deadline isn't pushed back.
electric vehicles have been around since the dawn of ICE automobiles and they were trash over 100 years and still are now.
The best car you can buy is the Tesla Model Y, that is why it out sells every ICE car worldwide
Activists ruin everything, it's like their MO is to actively make people so sick and tired of hearing about whatever agenda they're pushing, that they end up driving people against it to spite them.
To put it in basic terms I really hate it that politicians are forcing us into electric vehicles which many of us do not want. As an example the gasoline powered car I own can travel over 400 miles on a full tank of gas on a cross country trip. Then in a few minutes the near empty gas tank can be refilled for another 400 miles. You cannot do that with an electric vehicle.
that is far less true now than it was 5-10 years ago... and by 2030 an EV will be far better than that again. I have friends that do long highway trips in their 2016 Model S and have absolutely no problem making the 1000mi. round trip with the car having a 250mi battery charge. and a 2016 is now 8 year old tech. People said the same kind of things in the early 1900's and then after 10 years of ICE vehicle replacing horses it became a landslide and virtually overnight horse transport nearly vanished. Oh and BTW I would love to keep all my ICE vehicles especially my 65 GMC 4x4.
@@carlsapartments8931What they gained in efficiency is negligible when I’m watching people in places like California waiting in line all night to use a charging station….that’s powered off a diesel generator around back. Its negligible if the batteries vent and turn into a instant 5000F inferno in my garage while I’m asleep….or if someone t bones me. The couple of bucks I would save in fuel is negligible when keeping one of these potential infernos in my garage sends my homeowners insurance premiums through the roof….or one of these manufacturers hits me with a $22k service bill because I “got the car wet”. As for the early 1900s….you’re forgetting that consumers and industries weren’t mandated by government to adopt the automobile. It was voluntary, because the benefits far outweighed the negatives.
@@carlsapartments8931Consumers would have never bought it if those early automobiles ran off methane gas….and people had to still keep and feed a horse so it could fart into bottles to make their cars go. No different than relying on fossil fuels to power EVs. Most wouldn’t have bothered making such a purchase. They would have held out for a better alternative to their horse. That wouldn’t have made them ignorant. Such is the case with EVs. By 2030 there’s going to be far better and more durable alternatives to EVs.
@@DucknCoverinthat’s 7 years from now. What is coming in the next 7 years that will replace the BEV? Show me you are smart and not just saying stupid things
@@zoransarin5411Toyota and several other Japanese manufacturers have been demonstrating Hydrogen powered vehicles.
I don't know how practical such vehicles are. I do know that several military and naval forces have also been testing the same (or similar) technology.
A battery is just a really expensive extremely heavy fuel tank that gets smaller every time you use it.
@ CMM-sv8xk
And will require full replacement at the cost of two year old gas or diesel engine vehicle of comparable size!!!
@@AzzKicker-bz1cb I changed the 22 y.o. tank in my truck for
true, but government doesn't regulate prices of batteries at all. and that's biggest chunk of expensiveness, not the stuff explained in this video.
i mean i know you americans can never get enough freedom, but stuff wouldn't work without government, for example everyone would be able to buy a gun freely and....oughm..wait.....ouch!
you already have too much freedom, you're just bitching around.
and the issue of electric cars is that small batteries (for smallee ie cheaper cars) just don't work. do you expect those small chinese evs, or smart ev fortwo would be able to both heat the inside and drive the vehicle?
or do you expected lithium mining to become cheap?
And sometimes catches on fire and burns up for no apparent reason!!
Well put !!!
A world ran by politicians and bureaucrats with no logic or reason really sucks.
And with evil intentions
No bailouts. The car companies will demand bailouts.
They already know that, so they have new strategies to get around calling it a bailout and they do a sophisticated lobbying and marketing campaign to make it all sound so logical.
bailouts is a socialist idea. capitalism doesn't give corporations taxpayer money.
You should support Tesla....they’re making good money and a good product at a fair price (despite the nonsense you may have heard). Talk to anybody who owns a Tesla Model 3, you’ll have a hard time finding someone who doesn’t love it. And the price right now is $32k with the tax break. Maybe you think $32k is expensive? How about for a car that will last you 500,000 miles or more? And be safer and have better performance, and much less maintenance. The only reason you don’t hear more positives about Tesla is they don’t advertise. They don’t need to...that’s how good they are.
@@johncahill3644excellent post, thank you!!!
@@johncahill3644Just don’t drive it in the rain. Those $22k service bills for “getting the car wet” are a doozy. So is buying a new Model S and the car being delivered with no brake pads. Maybe say your prayers at night too if you’re keeping it in the garage below your bedroom. Instant 5000F explosions when those batteries vent aren’t good. 500k miles……keep dreaming. Most will be in some landfill leaking lithium into the water table within 4 years. Nothing but unnecessary planned obsolescence here as with all EVs.
Tax Payer paying the rich again
If by “rich” you mean the politicians, then yes. The entrepreneurs and business owners, however, do more to benefit society than ppl like AOC would ever admit. Point being you can’t lump all “rich” ppl in together.
Majority of taxes are paid by the rich. EV tax credits are only available to those that have a tax bill.
I would label it “politicians” more than “rich”.
Yeah right. I pay five digits in federal taxes a year. What do you pay? If you’re like half the country you pay nothing. I feel no guilt getting $7500 back for the EV I bought this year.
The upper middle class and upper class cover almost all income taxes, while the middle class complains.
What about us taxpayers that also pay quarterly taxes that are well into the 5 figures and don’t buy EVs? It’s idiotic for the federal government to subsidize any of these vehicles.
What you said reminds me of what Milton Friedman once said about spending money. There are four ways to do so-
You spend your money on yourself.
You spend your money on others.
You spend other people's money on yourself.
You spend other people's money on other people.
Much of government spending falls into the 4th category, but what you are describing sounds like the 3rd category. And why wouldn't they, given that their goal is their own betterment and enrichment?
They invest in companies that are subsidized and receive campaign donations in return. When the taxpayer subsidy scam hits the market, they already have their investment locked in at a prime rate. When the stock goes up, they become even more wealthy aka Insider Trading
You're right much of it is in the 4th. The rest is in the 3rd.
its all the 4th, the government has no actual income other than interest on student loans which is why they will never be forgiven. and student loans are written by printing money and causing more inflation for you and me.
Friedman was an idiot. His "trickle-down" theory has been proven to be nonsense Anyone with a half-functioning brain knows that tax cuts and deregulation do NOT "lift all boats," they only enable the rich to buy bigger ones. And the government does not rely so much on our tax dollars to finance things they choose to finance, they simply print more money. How do you think they always seem to have enough money to finance whatever wars they choose to wage and always have enough money to increase the military budget by $25 billion every year?
I am not trying to make an argument in favor of pushing EVs on to the public and the marketplace before the technology is such that it will make a positive difference (I agree that EVs, at this stage of development, are not ready for prime time; I would not own one myself), but I get sick of hearing the usual conservative BS about how taxation is basically "theft" or a concept of "evil" socialism, and in the meantime unregulated capitalism and more and more tax cuts for billionaires have turned this country into a veritable banana republic, with the largest disparity in wealth and income since the Gilded Age and the days of the corporate robber barons.
My old college motto here in the UK was "Time Tries the Truth in Everything". Fortunately for us, the almost religious frenzy for the promotion of EVs (and also climate change, for that matter) will be no different. In fact, people are at last beginning to wake up to it.
EV market share continues to grow. The Tesla model Y is the best selling car in the world (of all cars, not just EV’s). EV’s will dominate as they become cheaper to buy and operate vs ICE.
@cnursery, the name of the college. That you had attended is " Who ". The motto of college Who is. " Time Tries The Truth In Everything."
Wow, a college that produces climate denialists in a middle of western civilised world 😅 Now that's a real waste of public funds. At least they have that catchy motto 🙆♂️
@@Lovingkindness.He stated that the cost of EV charging includes the GOVERNMENT SUBSIDIES you Don't see.
Not to mention the largest portion of the price of petrol or diesel in the USA and Europe is TAXES, local, State, and Federal.
Absolutely!!
Climate Change is a HOAX!
But freedom from the Rockefeller family is not. Why pay them to accelerate depopulation?
Not to mention how completely overwhelmed the power grid would be and how utterly impossible it would be for the utility companies to provide enough electricity to change all of the electric cars on the road if politicians actually got what they claim to want.
20 years ago our energy demands, kilowatts per hour, where higher than they are today. Modern appliances are about 40% more efficient than 20 years ago. Meaning for the same amount of work, it uses 40% less power. Light bulbs being the biggest improvement. A 100 watt bulb will now only draw around 15 watts. Because of those load offsets from 20 years ago it can be argued the grid can handle an EV charging at 1KW if the grid was able to handle a similar load 20 years ago with a less developed power infrastructure than we have today.
Places like California and Vegas are edge cases. Not only because they’ve been hitting record temps and energy demands over recent years in areas that shouldn’t be heavily populated anyways (middle of dessert), but some of those places have horrible overall infrastructure compared to most other states. CA has worked to kill all its nuclear and coal production, while barely replacing it, and discourages people to install grid-tie solar to helpout the grid. Which is why people are leaving states like California by the masses. Due to poor leadership and the inability to properly run and upkeep the state and city’s. Soon they’ll be leaving due to there being no water left.
Due to the massive A/C load over there in the middle of the desert the grid has to be sized at least 4x more than its operating capacity due to the surge current of A/C’s. EV’s have no such surge current, so the grid only needs to be sized to demand.
The only grid improvements we will need is the increased demand the grid will have with quick chargers, a slight increase in energy production, and local grid improvements to support the people using L2 charging. Just like installing gas pumps around the US, improving our grid a little to adopt those increased demands over the next 20 years is more than possible. What did you think our leaders and power company's did about 20 years ago when everyone started installing AC units in their home? They just didn’t sit and let the grid get overloaded. They improved it to meet the new demand.
In 1960 the US produced .76 Trillion kilowatts of energy. By 2000 we produced 3.8 trillion. That’s a 5x improvement on our grid over 40 years. For everyone to switch to an EV, not including DC-QC, we would only need about another trillion kilowatts of energy production. That’s not even a 2X improvement to the current grid. We would only need a 30% improvement of our current grid to meet that demand.
But lets add in DC-QC and some population growth. Say a 40% improvement. As you can see the grid has improved 4% a year in the past. 4x10=40. It would only take us 10 years to be able to upgrade our grid to support every person in the US to have an electric car at the rate the grid has been growing the last 20+ years.
And to think that 100 years ago we managed to build gas station infrastructure to match the pace of the increase in the number of ICE cars but now in the 21st century we are somehow too stupid to augment the existing electricity infrastructure to cope with the change to EVs. Go figure
We need to stop use fossil fuels … EVs are the future, but they are not without problems.
Incorporating new tech into our lives is always jarring and there are ALWAYS bugs to be ironed out.
Look at smartphones … people didn’t like them at first, but now we cannot function without them.
I think it will settle down soon and with China ramping up EV car production, electric vehicles are going to be getting a lot cheaper with economy of scale.
Interesting times ahead.
@@silvy7394Sounds plausible. If everyone has an EV car and a hurricane or huge flooding occurs and ruins all those batteries in the EV cars...who pays for those replacements batteries? The cost to the individual is outrageous.
@@gracec1665 I mean its the same thing with an ICE. The only difference is if its a freshwater flood, an EV would be fine. The ICE still would be fucked.
I have a love/hate thing with these videos. It's a great message but it pisses me off that this is even going on. Very well structured video 👏
The real irony is that politicians trying to force EVs into the market prematurely will end up souring people on the concept so badly that it will actually slow adoption even when the technology becomes practical (if and when it ever does).
Unless there is a massive battery development, or a wider adoption of newer and more nuclear energy facilities. I just don’t see it happening.
I remember when visiting my brother recently in uber-liberal MA, needing to charge a rental EV (trying it out) I considered the Walden Pond Visitor Center. I think the gov't paid about $10M for a solar powered EV charging station there, for the stated purpose of "emphasizing the Commonwealth’s commitment to environmental sustainability" (from their own website).
If you read reviews on that place as a charging station (from people who actually care about the charging with less concern for the feel-good aspect), you will find it is considered pretty useless. Absolutely typical. All about the feel good, sending a message, setting an example ... that happens to be completely, foolishly wrong and misguided.
Saddest thing is that I am sure that regardless of the ability to do a careful, realistic, after-the-fact analysis of that whole episode, the vast majority of the fools out there will proudly support what they did.
So the point of your 3 paragraph rant is to say let’s keep doing things business as usual? Let’s keep burning fossil fuels and breathing that wonderful CO, CO2, NOx and VOC polluted air?
Your still alive and healthy it seems. World life expectancy has never been higher. If you truly believe your crazy rant how is it possible that humans are in better health then ever in recorded history?@@zoransarin5411
@@zoransarin5411or should we keep strip mining for Lithium? A product that cannot be recycled and is extremely deadly so you can feel good? And look at what generates that electricity? Coal….yep. How does that cure anything?
@@zoransarin5411yeah actually. He doesn’t seem to realize that there once was a time when there wasn’t a gas station on every street corner. You were lucky if your town even had one. And if you were on a road trip, you really couldn’t research where the next station would be, you just had to hope there was one along the way.
There are online communities, like the plugshare app, which will tell you where all these chargers are. You can filter which connections, and see what they output. Being government own, it was probably slow because it was one of the earliest. I once charged at NASA, and it took about 10 hours. It was ok, because I was spending the night there, so no big deal. Most people don’t treat those as destination chargers however. Instead they’re meant to give you enough juice to get to a faster charger, or simply home, if you’re a local. That one in particular was installed during a time when ranges were much shorter for EVs, and EVs couldn’t quick charge, which is probably why it took me so much longer. It was free, so I wasn’t going to complain.
Wow, a lot of touchy feel gooders in your state.
Do you normally go off on regular working people like this?😅@@zoransarin5411
Sounds like a ponzi scheme with the taxpayers being at the bottom.
Good description of ICEVs.
As always.
It IS a ponzi scheme.
That's basically the definition of "government".
Ok, groomer
I'm loving your videos Nick. Keep it going. I imagine you will be getting lots of backlash from some of these videos but that means the dialog is more open and hopefully make these issues more transparent.
It's what I said before these electric cars are going to be so pricey that even the cheap cars won't be cheap anymore, why even purchase an electric car!? The batteries alone cost between 10000 to 14000 dollars to replace way more than a standard engine.
Of course they cost that much to replace. They last at least 30 years or 500-750K miles before you have to replace them. Your ICE is long gone in the scrap yard by then.
We taxpayers are not paying for those jobs. We who are living now will never pay what we owe. Our politicians are charging it to our children. They should be arrested for child molestation....just my opinion.
Our grandkids and great-grandkids will be paying on the 33 trillion dollar debt-or the Great Reset will happen and we all lose everything......
Our children? We are paying the tax of inflation for this spending now.
@@shiner8375 I understand your point. Admittedly, we are personally paying inflation that is partially created by government overspending.
My point is that we are not personally paying for our current government's overspending. We have a federal debt and a spending deficit. We are not even reducing our debt. It will be left for our kids.
One of the most important lessons I learned from an economics course: the government can not create jobs. It's literally impossible for it to do so. Any job it creates always comes at a cost so incredibly high that it costs many times what the private sector would pay for that job.
In other words for every job the government creates it costs 10 or more jobs from the private sector.
People want big government because they need 'someone' to 'take care of them' and solve the, in their eyes, most pressing problems. And no matter how many times government fails at that, people still want them to try again... and again... and again. Because many people simply refuse to acknowledge reality and say goodbye to their big government ideology.
Not strictly true. In the USA alone, almost 20 Million folk are employed for state & local government! All jobs created by 'government'. Of course, they're not proper jobs, they don't 'make' anything, though getting your bins emptied is quite useful...
Exactly, subsidising private companies is a waste of public money and it is far better to invest it on the population wellbeing.
The only way politicians can create jobs is by removing regulations put in place by previous politicians.
Ehh. Its really more like 2x or 3x the cost of private. But youre main sentiment isnt wrong, the government is a clunky unoptimized mess that has no incentive to improve or compete when it comes to labor or results
Such an insightful video. Been watching the EV market for yrs and been concerned at all the gov't incentives.
Not really. This video is pure anti-EV propaganda designed to get companies like Ford more money out of the government.
Companies like Tesla are profitable. Ford, GM, Stellantis, etc can be too. Tesla shows how. They just want more government money.
Did you have concerns about invading Iraq? For non-existent weapons of mass destruction? When you knew all along that was just a government incentive to keep the Kuwaiti oil flowing and keep prices cheap at the pump? We’re you concerned? Really?
@@zoransarin5411 bro you are coming at op for no reason, relax and stop making assumptions
@@jamestrainor4293 So the US didn't invade Iraq because of of Kuwaiti and Iraqi oil?
@@zoransarin5411 Never said that you absolute clown
In the State of Maine, where i live, if you buy an all electric vehicle, the state will send you a quarterly bill for $1,500 to cover the loss of revenue from not using gasoline. That's every quarter for as long as the car is registered to you. That's $6,000 a year. Even if you drive a Duramax Truck, you would never spend anywhere close to $6k a year on gasoline state taxes.
Add to that there are only 2 charging stations in our end of the country, 2 more are about 40 miles away. And electricity in rural Maine is very expensive.
And let's not even talk about mileage restrictions.
This is false. I have looked it up and could not find your $1,500 quarterly charge
@@alexanderchenf1 well a friend who bought a little Chevy electric car, showed me the bills he received for the road tax. It was quite real.
@@briannicholas2757 look it up yourself. There is no such thing
@@alexanderchenf1 Not sure about the amounts but more than 30 states have adopted ev taxes to compensate for the gas taxes that they will not be getting. You can bet it will not be less than what they would have gotten from taxes on gas.
@@infiad1275 ok. I drive an 2011 F150 3.5L Ecoboost anyway.
Wait ‘til they find out the electrical grid cannot handle the extra load
We are watching a number of instances of premature adoption of unproven technologies, not just EV's but wind turbines and solar panels. We don't know the environmental consequences of these technologies yet but what we do know at this point isn't good.
Wind and solar aren't premature,they are harebrained.We know they don't really work,politicians only push them to weaken our countries and/or give free money to their cronies.
the issue with EV's is that there's no good way too charge them yet. if everyone suddenly got an EV like the gov wants our power grid would have so much extra strain that cities could have rolling blackouts for weeks. Texas lost power for about a week due to a few inches snow a couple years ago, now if everyone also had an electric car trying to draw even more power it would just lead to even more blackouts in the summer and winter due to everyone constantly using their AC or heat in their home. We simply do not have the infrastructure for EVs yet
I have said for years that we need to do away with all subsidies and all aid to other countries. if a company needs money they need to go to their stockholders and the politicians that want to give money to other countries should use their own money and stop raiding the taxpayers bank accounts.
Nick, your last line could describe the pharmaceutical industry.
Yep, and health care.
When Minimum Wage was being thrown around in Congress, it did not take long for Amazon to lobby it's increase. the Giant can afford it but the start up can't. That means fewer jobs since Amazon is going robotic and Small Businesses are closing. What good is a minimum wage if it costs you your job?
👍 which is always the cost of raising the minimum wage...
The only purpose of the Federal Minimum Wage is to set a value at which Government will intervene if employers pay their workers less. Pay $0.01 more per hour than the minimum and you're fine. Or lobby Congress to set aside special classes of employees who for whatever reason do not deserve this wage protection.
@@tanshihus1 or we could reject socialism all together 😭👍😁...
@@tanshihus1 I noticed the beginning of your post after I replied...
No the purpose of the minimum wage was to keep selected classes of people out of particular lines of work... In other words racist policies to satisfy unions... History is a wonderful thing
@@jimhughes1070 It's called protectionism for a reason. Protecting our hard earned jobs by limiting the number of qualified applicants. That's all this law amounts to. Setting an arbitrary number to try and keep both sides happy. That would be the Owners and Labor. Politicians must suffer terribly with the demands of their jobs. I mean, having to accept campaign donations from both the Corporations and the Unions at the same time. And then having to balance a mythical number which upsets the fewest amount of people. Must be tough?
Why is this man not a Senator or Congressman, he has that rare quality today, common sense.
I think you answered your own question. " common sense".
Only a handful of people actually run the world financially, wonder if they are pushing governments to get people to buy EVs. It's certainly not the green option.
How are EVs not the green option?
@@williammeek4078 Really? Easy enough to research. And auto emissions are barely 10-15% of all the emissions they are obsessed with.
@@jamesyoung187so very true. The last report says 13% including big trucks.
@@jamesyoung187 which makes it the 4th largest source.
The issue is automobiles overall in a percentage produce less air pollution by a large margin in the United States, than other things in the rest of the word. Which the United States or other countries willing to ""go green."" Cannot change.
Furthermore you have issues with the precious metals in these batteries, how toxic they are, how reactive they are, how they are difficult to recycle and have a limited life span, and most of all the inhumane way they are obtained!
You can try to sell everyone here with that comment. But 4th highest doesn't mean anything when its still only a small percentage. In comparison to manufacturing, coal fire power plants, 3rd world countries literally birning tires, war... (that the government funds) cars are really insignificant.
Forcing transportation on people that they cannot afford that auto makers and power companies will take advantage of, is not going to fix the problem. It is not "green." It will not reduce pollution, and it will not be more affordable.
In Germany you have to earn at least between 150,000 and 200,000 a year to be able to afford an EV. The price for a kilowatt hour of electricity is now between 45 and 65 cents. Then Germany doesn't even have the infrastructure to be able to charge EVs on public roads. The last three nuclear power plants in Germany were shut down in March 2023, and since then Germany has had to import electricity to an increasing extent. The German government had to set up an aid program so that the most important German industry could receive financial support if they could no longer pay the electricity costs themselves.
Renewable electricity…haha what a joke
Sounds like a germany and california problem. Nothing to do with EV's. The rest of us dont shut down power plants and dont replace the load.
@@silvy7394 Yeah, lets not use EV because we can't be bothered to get more renewable energy.
@@znail4675 Even an eVE running on fossil fuels is greener than an ICE.
Thank you for this information.
It is disinformation. If companies like Tesla and BYD can be profitable, Ford could be if they choose to.
Damn dude you exploded onto the scene huh? Great production quality too. Nice. Subbed.
Detroit knew in the 1990's that EVs were a bad idea. It's only when Congress blackmailed them that they reluctantly started making EVs.
Ironically the biggest opponents of EVs are the engineers being forced to design them.
Not only are they impossible to afford for most people, but they are also impractical to own for people who don't have the right kind of lifestyle. And the way they are trying to force them on us anyway only suggests they want us to adopt another kind of lifestyle where we just don't own any cars at all.
Exactly. Whatever it's called, there's a very old word for what is being done: tyranny.
One has to take a long hard look at anything that has to be forced on the masses. If it was truly a practical solution and as good as the traveling elixir salesmen say it is there wouldn't be so much push back and the need for government financial support.
Sez the guy who does not have one.
@@scottfranco1962 I don't even wanna know anybody who has one, L0L.
People buy EV’s because the value prop is better vs a comparable ICE vehicle. As EV prices continue to fall the TAM will only grow. Government stimulus isn’t really needed.
Not to mention the environmental disaster of mining for the materials to make all those batteries and then disposing of them. Oh, and the coal-fired plants to generate electricity.
The demand for electricity will skyrocket energy prices and cause pure chaos.
The government thrives on chaos! This is probably a greatly desired feature they are building into this whole insane EV debacle!
With chaos, the low-information voters cry out for a solution, and politicians are all too happy to enact more government solutions to the government caused crisis!!
Thanks for sharing this vital info that is not heard anywhere else.
Then there's the fact that battery replacement, which will be inevitable at some point, literally can cost as much as the car did when it was new.
A guy in Canada was recently quoted over $50K to replace the battery on his 2018 Hyundai Ioniq which had like 170K km (105K miles) on it.
Absolutely ridiculous. And do they have a "green" method of disposing of the old battery? I'd be surprised if it doesn't eventually end up on the ocean floor.
I'm in California and there have already been battery and solar panel woods-dumps.
@@dk-bw4gkyep. None of it is recyclable as they show acres and acres of old wind turbine blades
@@consco3667 I remember reading a story a few years ago where the UK landfills stopped taking the blades so they started stacking them in the African jungles like cordwood. So green...
@@dk-bw4gk yep. But they will never admit it.
It COULD be time to get rid of government!
What Nick described here is only a SMALL PORTION of the total cost of owning and operating an EV vehicle. If you think simply buying an EV vehicle is all you need to pay, think again. Consider the upgrade on your home electrical service if you want to charge your vehicle at home, the upgrade to a fast charger if you want to fully charge your EV vehicle overnight, the limited range of your EV vehicle even with a full charge, the lack of charging stations throughout the country, the cost and time needed for a full charge at those charging stations, all batteries have a limited life span and recharging capabilities so that would require replacement batteries at a significant cost plus the disposal cost of the old battery (where do these batteries get disposed of and at what cost to the enviroment), EV vehicles have a higher combustibility rate which means higher insurance rates, because EV vehicles are relatively new consider finding a qualified mechanic/electrician to work on any repairs or maintenance of these vehicles. These are only SOME of the aftercosts of buying an EV vehicle and should be calculated and considered before buying an EV vehicle. One more thing, if owning an EV vehicle is such a good idea, why does the federal government have to give subsidies to the car manufacturers to build them and the car owners to buy them? If building and buying an EV vehicle was such a good idea and was more economical to the consumer, wouldn't those EV vehicles sell themselves WITHOUT SUBSIDIES?
Multiple good points made , , deserves extra likes
"Yes, but what about all the subsidies given to the gas- and oil companies?" EV fanboys will ask.
Talking out of your backside. You clearly know nothing re EV ownership.
Plus if your present Electrical service cannot handle the extra EV outlet You must upgrade your whole Electrical Service.
@@tonytomlin5674
What a RUDE n OBNOXIOUS DUMB EV Fanboi
Ev are extremely expensive in the run, that's why we sold ours !
I’m going to go out on a limb and say I don’t believe you ever owned an EV. Someone who can’t string a sentence together would struggle to afford an EV in the first instance. Secondly, it is a fact that an EV is substantially cheaper to own and maintain than an ICE vehicle. Nice try Mr clean environment
I have just put 146 miles of range in my EV, it cost me £2.46! That’s just over £0.016 pence per mile. The equivalent in an efficient diesel (50 mpg ) would cost £0.135 per mile !
My annual service will not require an oil change, spark plugs, brake fluid, anti freeze, the brake pads/discs last far longer. I won’t need any gaskets replacing. No one is going to steal my catalytic converter. I’m not wasting fuel when sitting in traffic. I won’t need a cambelt in 40,000miles / 5 years. etc. etc.
Now, which vehicle is the most “extremely expensive to run”?
The LucifAir is $100k.
D.C. has of course quite a few. And lots of Rivians.
Wonder where they get the money from?
Some people actually make lots of money! At that price point they don't qualify for rebates and rebates are also income indexed. Where I live the number of mercedes, bmws, porsches, and audis if off the chart not to mention the number of $80000+ pickup trucks floating around. So, wonder no longer.
@@rboz4637 It was a rhetorical question. Jeez.
You need to bank $6-10K a year for future maintenance… because the maintenance is coming … yes nearly $1000 a month
Working around those lithium batteries crosses out the idea of "green energy". Very toxic environment.
Every day pollution from oil companies fouls the water and air of the world, lithium when mined is eternal and is not incinerated in a moment for the gain of the oil companies.
FYI those oil companies support Iran and Russia and the terrorists they choose to hide what they care about, short term capital gains
Have you seen that thing called gasoline?
EVs are VERY green in comparison.
@@williammeek4078 They really aren't. It just shifts around the emissions. Remember when the first ev commercials bragged about zero emissions then got called out on it so they changed it to zero tail pipe emissions because evs don't have a tailpipes...They aren't cleaner they just pollute in different ways. Don't get me wrong I do like EVs but to say they a true replacement to ice instead of a good alternative is absurd.
@@draecath5953 It has always been zero tailpipe emissions. It is just fraudsters that take it out of context to make strawman arguments.
Power plants are MUCH more efficient than ICEVs so a BEV powered by a coal plant (which even this doesn’t happen in reality) doesn’t cause as much CO2 to be released as a similar ICEV.
Currently, the US grid averages 45% carbon free electricity. So causes the release of less than half the CO2 of an ICEV. And is getting 2% cleaner every year.
What is absurd is to claim BEVs are not completely displacing ICEVs when it is happening right in front of you.
@@draecath5953 Battery production is associated with about 73 kg of CO2 per kWh This varies a little bit because of two main reasons. Battery chemistry, as some batterys are produced differently and with different materials. And location of the battery manufacturing. Say, China, has looser regulations on production factory emissions than the EU does. The factory's over there are going to be a bit more lenient on emission control.
Over 10,000 miles (1YR) a 25MPG car will output 3,640 kg of CO2.
Over 10,000 miles (1YR) a 3.5mi/kWh EV, on natural gas ONLY, will indirectly output 1,630 kg of CO2.
Including the production of the battery, that would be 6,010 kg of co2 for only the first year of an EV’s life.
That means it would take about 2.4 years for an EV to break even with an ICE, including the EV’s operating emissions [assuming it got all its power from natural gas]. These numbers exclude the production of the chassis of both cars [About 5,000 kg CO2], which is similar emissions for both vehicle types. Excludes offset of emissions from regen breaking. Excludes maintenance of the ICE car. Excludes extraction, refining, and transportation of fuel for ICE car which about doubles its emissions.
Touche. Outstanding work getting a message across in a simple manner. Blessings.
Great, concise and well presented. Thank you.
I would point to Cuba to explain why electric vehicles will never take over the industry. After government policy in Castro's Cuba made it impossible for them to get new cars, Cubans did whatever was necessary to keep their 1959 and earlier cars running. Combustion cars are here to stay because they've just inherently more useful than all other types.
I'm not sure that's a sound argument. Technology changes. What may have been the best technology in the past, won't necessarily remain the best technology in the future. If that were the case, we'd all still be cruising around on horses. At some point, the combustion engine became reliable enough and cheap enough that it made more sense than using an animal. Eventually the same thing could happen with electric drivetrains.
You also didn't see Cubans massively overhauling all of their old '50s cars to integrate newer technology that's common in newer gas cars (such as fuel-injection, turbochargers, 10-speed transmissions, etc). They just worked with what they had because it made sense (economically and logistically) for their particular situation.
@@NoName-ik2du It was all they could afford and all that was available, so they did whatever was necessary to keep the old cars running. Technology changes when the new technology is obviously better that the old one and is affordable to the mass market. Horse and buggy gave way to automobiles fueled by gasoline after Cadillac introduced the self-starter in 1912 and as Henry Ford progressively reduced the cost of the Model T. Electric cars were in the game at the same time but couldn't compete with gasoline cars on the basis of cost, range, and infrastructure. 110 years later, the problems with electric cars are still the same.
@@NoName-ik2du It already happened with electric drivetrains back in the late 1800s. Jay Leno even has a 1909 Baker Electric. Then gas cars became more prevalent and they would laugh at the folks who ran out of charge on the side of the road. It was a bad idea back then and it's still a bad idea.
@andyharman3022 & @dk-bw4gk The electric cars from 100 years ago are not the electric cars of today or the future, just like the gas cars today are not the gas cars of 100 years ago. Technology changes. Eventually gas cars will be phased out by something, we just don't know what yet. Maybe it'll be electric as battery technology continues to improve, maybe it'll be something completely different. I'm personally pulling for the giant clear transport tubes from Futurama, but that's probably a pipe dream.
@@NoName-ik2du Yeah, they're all the same, just more refined and more efficient. There is no where for batteries to go. Lithium is our 3rd lightest element and we've hit the top of it's s-curve. We have only a few percent left and lithium reserves are drying up. And still, where Lithium is today, gasoline is still 43x more energy dense. Gasoline isn't going anywhere. There's really no argument for getting rid of it.
The cost to have a charging station in your home, the cost of a whole new car when you get into a tiny fender bender, the cost of time and effort if you live in a place that gets below zero or colder for several months a year, the cost of damage done to the battery from road salt (or ocean salt) as we saw with a few southern hurricanes making the car batteries explode.... They are fine for city driving some say... in NYC where do you charge them?? You can't run a cord into your apartment, they only have about 60 charging stations for the entire city and most of those are used to charge city vehicles, so the layman can't use them. It can take hundreds of hours to charge larger vehicles... how is this any use?
Thank you.
Shall share.
And the energy used to charge those EV cars comes from -- you guessed it -- coal.
our whole country runs on coal??? wow never knew that 🤯
Coal, fuel oil and natural gas primarily, hydro-electric in many cases, nuclear, wind or solar in a tiny fraction.
But yes, the bulk of it is from burning fossil fuels.
Coal is like 20% of the entire energy mix in the USA and falling. Coal is expensive, Combined Cycle Natural Gas and renewables is where it's at if you want low cost energy.
@@imzjustplayin"Renewables"😂😂😂 that term is such BS. It's like when they abandoned "global warming" in favor of "climate change" when it was called out that we were actually in a earth cooling phase.
To all of you -- coal was just a catch all. In other words, it's not the "clean" energy the science illiterate EV buyers imagine it to be. They're simply making the pollution be made somewhere else. Nuclear needs to make a comeback for more than one reason. It's actually the cleanest energy source -- when managed properly. It's only when it's not managed properly that problems happen.
This is what I have been saying. Just look at Amtrak. It wouldn't survive without government hand outs because it isn't an economic and way to travel. It is very limited in it's locations and of coarse mishandling of money.
The only way EV’s will ever revolutionize transportation (aside from the potential that things go sideways, and walking everywhere starts to look good by comparison) is if we get serious about ramping up energy production in a big way.
As we suspected all along! Thank you, Sir.
So the end result is that even if you don't buy an EV you pay for one anyway, people that actually buy one pay for two!
Interesting!? Well, as long as it doesn't cost Ford or any other car manufacturers, I guess?
Those numbers are definitely sobering, but I do just want to point out that you glossed over the bit with Tesla. Tesla is still making money on the base model 3 from what I understand, which is about $35,000. The Nissan LEAF is roughly that same price as well, which both fall in line with new vehicle prices for gas vehicles. So I would argue it's not impossible for the average person to afford. I would count myself as lower middle class and I still own an EV, I bought it used and paid very little for it. Not to mention the fact that you pay pennies on the dollar to fuel it compared to gas, don't have maintenance (at least not really), Don't have oil changes, etc etc
Considering most of those numbers are either lies like trying to say the government is making up the difference in Ford production or extreme small percentages that are cherry picked.
Yeah. Those articles cited aren’t correct at all. EV’s are less expensive dollar for dollar than ICE vehicles. Literally just google any of the hundreds of studies that exist.
NOPE> They are about the same. The electric vehicle saves you NOTHING! It is intentionally priced that way. They should be really in expensive because as the electric zealots always say - there are less moving parts and complexity and hardly any maintenance. They are very simple vehicles compared to an ICE yet are priced way higher@@doctorbashir3497
Great presentation, I like this chap.
Very well said. Thank you.
This "useful information" just fuels anger and resentment towards the system we are forced into. Thanks!
The biggest benefit of EVs was cheap/free charging, that's stopped over the past 2 years
Now companies like BP and Shell charge so much for EV charging its comparable to filling up a gas tank, and supermarkets are following suit
The only thing that made EVs affordable has now been commandeered by the same fuel companies, only they're not paying fuel tax on electricity are they? So why is the price per kwh so high?
What are you even talking about. 99% of my EV miles are from home charging where I pay $.13/kWh, which gets me 4 miles (according to the average over the last 15k miles). Accounting for heat loss while charging I therefore have a fast sedan getting about 100 miles on the price of a gallon of 87.
@@patty109109 In the UK, a large portion of homes don't have driveways or garages and rely on street parking, local councils don't allow cable trailing over pavements even with trip covers, so a large portion of drivers rely on public charging, meaning the 'old system' of charging was how EVs saved people money - that isn't possible now as with BP and Shell (and the others) skyrocketing prices up, supermarkets are doing the same, so the incentive to switch and save no longer exists, as EVs are just as expensive to run as ICE cars
Obviously, if you can home charge on a night rate tariff you're probably fine
"Now companies like BP and Shell charge so much for EV charging". Gee, almost seems like, I don't know, Big Oil was behind the "renewables" movement all along and everything is happening exactly as planned.
@@dk-bw4gk Almost like it isn't sustainable when government money dries out.
Thank you for raising the awareness
Excellent take.
We added a BMW i3 EV “concept” car on lease in 2021. Retired, rural mid-Atlantic estate, towns are 5-10 miles max, driving to Philly on occasion, charge in the garage and love the thing. It’s been flawless for 2 1/2 years and only one routine visit to check on the car about the 2 year mark. I guess we fit in as unique or whatever based on comments so I guess it is a perfect fit for many…just sayin’.
Obviously you changed your routine with your vehicle and your planning for travel is very good. The fear and the assumption of costs is what I experience daily with most people. I am happy to hear about your wonderful experience with your vehicle.
I bought two Tesla M3s in 2020. No tax credits. I charged at home on a special rate plan that required charging late at night. Zero maintenance costs. No oil changes . No gas stations. One of the two cars was involved in a fender bender and it was repaired for a comparable cost to a gas car. I save buckets of money. Now I have a solar array and storage batteries. I make all of my electricity. I send a bunch back to the grid for others to use. I’m not rich. One doesn’t need to be rich to own a great electric car. The average new car transaction cost is 48.9k. A great Tesla car that works for most people can now be had for 10-12k less than that. In 18 months they will be producing a planned model for around $25k. They currently aren’t for everyone. But they are great cars. They are economical to operate.. and frankly I don’t care a lot about the environmental reasoning behind electric vehicles. We are just a middle class family with middle class jobs that require some driving. They work great for that. Are they for long haul drivers? No. Are they for apartment dwellers that have to charge on public infrastructure? Not exactly but lots of people make it work fine (mostly Tesla who has excellent charging systems). Can you take road trips? Yes, at least Teslas can. I do think Ford, Chevy, and other car makers are doing a huge disservice by selling crap products with poor charging infrastructure. The costs are too high and the performance is sub par. These auto makers thought they could just make the same basic cars they used to and just slap a battery and electric motor in them. There is no expertise in accounting for charging speed or infrastructure. That’s why ALL automakers spent the last six months bowing, scraping, and begging to make arrangements to access Tesla’s super charging network and adapting the NACS charging connectors for their products. Anyways… I’m tired of typing. I am sorry that people have been stuck with bad products and even more sad about great American companies that have failed to provide great electric vehicles. When done properly… electric vehicles work… and American companies CAN produce them. Tesla is American and their Model Y and Model 3 cars are the MOST American made (by component origin and labor source) cars out there.
Sell your stock before the Big boys do . Don't get caught with a empty bag !
Meanwhile, in California, where we have been putting up wind turbines since the 1980s, at this moment wind is supplying 2.8% of the electrical capacity in the grid.
Grid Capacity: 42742 MW, wind supplying 1197MW.
Does anyone know how it works out $17/Gallon? I didn’t think power was anywhere near that expensive for anyone?
If you fill up your gas tank with $25 of gas and leave it for 6 months, when you come back to it you'll probably have $50 worth of gas. If you pay $25 to charge your EV and leave it for 6 months, you'll have a flat battery...
The fact you just said gas prices will double while it is sitting in the tank is kind of a self own when it comes to making a point for ICE. While that $13 worth of electricity may have depleted somewhat over 6 months. It will only cost another $13 to completely fill while now you are paying at least $50 the next time you fill up.
I love electric car zealot logic. You just spent 26.00 instead of 25.00 to fill your "tank" and saved money! @@Aircam73
This is why ICE vehicles cost so much, the manufacturers are trying to make up for losses on EVs, but it's a sum loss game.
And yet, competent EV makers are profitable.
@@williammeek4078
Only one Stand alone EV producer makes a Profit on its Sales in N. America...And it's had over 15 years to find its economic equilibrium...And, it also benefitted greatly from government assistance and incentive over the years.
However, the point of the video was to illustrate the Cost being transferred for such a massive government induced project...And who it impacts the most.
@@johnnyappleseed6960 sure. But it is the legacy automakers getting greedy and exaggerating losses that are exploiting government subsidies. It doesn’t really have anything to do with the technology. Remember, Tesla was a first mover with all the costs that entails.
Legacy auto doesn’t have to deal with that. At if you recall, legacy auto got some pretty massive bailouts at the same time Tesla got loans that they quickly paid off. And Tesla has lobbied to end subsidies.
@@williammeek4078 Nope....
It's the cost of investment being added into the manufacturing process, as it pertains to accounting & tax purposes...
You cannot be "Greedy" when you're taking a business loss on every thing you produce..
And every single startup venture takes a "loss" as a natural result of doing business, until it finds an economic equilibrium...Every single one, no exceptions!
However, in this particular case, the shear government interference into the marketplace, results in a higher cost being placed on the consumer and the tax payer as a result...It's simple Economics.
@@williammeek4078What accounting tricks does legacy auto employ to exaggerate losses on paper
This is par for the course with corrupt governments,…. Which is pretty much all of them.
You just dashed my dreams!! ....but I really appreciate the wake up call.
Brilliant 3 minutes of real information! Thanks!
I found my BMW I3 to be surprisingly affordable, in fact it's dirt cheap compared to my old Ford Ranger. I bought the I3 as a lease-return for $16,250 and it uses 22 kWh per 72 mile business day, which costs me $2.55. The Ranger needed around 2.85 gallons to do the same, about $9 and it's noisy and sluggish. Maintenance, the Ranger is also a big loser here, all the I3 has needed in 95,000 miles is tires, an HVAC filter, one park sensor is hard of hearing. So, I've come to the contrary conclusion: i don't see the oil-fired vehicle as competitive except where the energy output schedule makes it compulsory.
Well, yes. That's because you're paying the subsidized sticker price. The point of the video is that the taxpayers are picking up the difference.
@@_Ari_B Are those German or American taxpayers? My car was made in Leipzig.
@@kc4cvhTrue, but also largely irrelevant. The point is that the sticker price is not the cost.
I have a 78GMC 4x4. I have rebuilt the motor. What will a replacement battery bank cost? Let’s factor in ALL costs please
@@consco3667 Let's figure the cost of my 2000 Ford Ranger. It has 348,000 miles and has burned 13,270 gallons of fuel, which cost right at $40,000. (It also needed fifty-eight oil changes, five batteries, four timing belts, three starters, two alternators, two water pumps, two fuel pumps and one each of clutch, ball joints, brake shoes, coil springs, radiator, shocks and u-joints.) The I3 would need 105 MWh to go the same distance, which costs around $11,000. Li-ion batteries typically last 3000 to 5000 cycles, or 350,000 to 600,000 miles. Assuming they croak at just 250,000 miles, replacing all four modules will cost around $11,500. Even so, at 345,000 miles I'm still ahead by twenty grand with the I3. The superior performance isn't easily monetized.
I just bought one and it works out it’s cost me nothing I explain: I sold my transit diesel custom 5 years old for £14400 which was devaluing at £200 per month, my direct debit for road tax was cancelled at £28 per month I put the money in the bank and earn £52 per month at 4.35% interest so I am already saving £280 a month and £110 diesel that I put in every month so £390 a month,
I bought a brand new Nissan Townstar on a lease for £230 all inclusive, including VAT I write this off against my income tax and save £45 a month on income tax. So van costs £185 per month.
I charge the van at home it costs £12.50 to charge x 2 times a month so £25.
No depreciation cost as it is a lease.
No road tax because it is electric.
Brand new Van total running cost £210 per month
But I am saving £390 a month on my transit custom
So I have a free brand new van Plus £180 a month saving as well, amazing 🤩 🙏👌
How do you feel about gas subsidies?
I live about twelve miles from the construction site in Marshall Michigan for the new batteries plant. It is enormous, destroying hundreds of acres of prime farmland.
I just don't know how the city of Marshall and township would ever allow this to happen.
No doubt politicians made money off of it.
He is right if we are talking about legacy auto EVs. Tesla on the other hand makes industry leading profits on every EV they sell. Tesla's plan from the beginning was to reduce the cost of manufacture and continually reduce the price to purchase. By 2030 an EV will cost less than $10,000. Currently the Tesla model 3 costs less than a Toyota Carola.
Govt incentives are a complete waste of taxpayer money and companies should rise or fall on their merits. Unfortunately our govt is a corrupt banana Republic.
EVs will never get cheaper because the batteries increase in price drastically year-over-year. Lithium increased 700% 2021 to 2022. Cobalt increased 70% in that time. They predict a Lithium deficit by 2030. Tesla loses money on every car sold - they all do. They make a killing on selling carbon credits and this is the main thing that keeps them afloat. So now combine that with was was presented in the video... Ford gets government loans to sell more EVs, but they can't sell enough, so they have to buy carbon credits from Tesla, who is also getting taxpayer assistance, and the cycle continues.
The entire EV movement is madness and completely unsustainable and unaffordable. If somethin doesn't change, we will end up with nothing but mandated EVs and high charging costs and it wall all be propped up at gunpoint through taxes. All in the name of "climate change" or "the future" or whatever dazzles the gullible into buying inferior junk. You're right, they need to fall on their own merits. Remove all these government incentives and green schemes and let them fail.
You Smokin some good stuff if you believe that.
@@golfmaniac has nothing to do with belief, just the facts. Tesla's original Master Plan was posted on their website way back in 2006. Sell an expensive car to first adopters then use the proceeds to build cheaper cars for a bigger market, Rinse and Repeat. You could read it and dispel some of your ignorance.
Tesla has developed giga casting eliminating hundreds of parts and robots into one. Their next car will use new manufacturing methods to reduce the cost of manufacture by 50%, that will be their $25,000 car. That is just two examples.
So far legacy auto hasn't built a compelling EV and they lose insane amounts of money on every one they sell. Ford & GM have confirmed those losses.
Tesla moves at the speed of thought. Legacy auto can't get out of their own way. Tesla is the only car company making profits on EVs. BYD makes a small profit but that includes their hybrids.
You can have your own opinion but not your own facts. Obviously you haven't looked past the headlines, hype and all the plans GM and others have. Remember the 22 EVs GM was going to make in 5 years. Yeah they failed and just moved the goal posts with more plans 5 yrs into the future. 😄 GM is already dead and nothing is going to save them. Ford had a better chance but after the strike they're slowing down their EV programs. I don't think Ford has much chance to survive but I wish them luck.
The OEMs have huge $100 billion in debt. Tesla has virtually no debt and $26 billion cash on hand. The OEMs are only able to survive through low interest Govt loans.
It's your choice to live in the real world or fantasy land where facts are absent.
A Tesla is cheaper then a Toyota Carola? When did Toyota start making crayons?
@@jefftomasello3258 Oh no he couldn't read using context, couldn't decipher the txt to speech should have spelled it Corolla. LOL A low IQ is a heavy burden. Hope you get some remedial education to help you read better. FYI spelling & typos are not indicative of intelligence so don't bother with that red herring. Try Google on that subject. 😁
oh no you have resorted to insults. Sorry to hear you lost the argument. 😢 Would you like some balm to put on that butt hurt?
Strange how the Tesla model Y is the best selling car. Not best selling EV but the best selling car of any kind? According to you most people love crayons. 🤣🤣🤣
Wait did you forget the /s tag? LMAO 😂
Thank you.
When aviation in America was in it's infancy, government invested it it.
Manufacturers weren't strip mining large swaths of land to obtain materials though.
Are you comparing the aviation industry with new world order crap?
The companies and people who push for this nonsense of owning these financial black holes on wheels literally bank on two things.
1, Gov't handouts, (but what do they care, it's not their personal money coming from their pockets, it's ours).
2, How exceedingly gullible these buyers are, who have absolutely ZERO concept of anything beyond having these new toys.
I am reminded of a true story which ties to my second point.
A typical city dweller was asked, "Where does the power come from to charge your car?"
"Oh, it comes from the building or the station," city dweller replies smugly.
"Yes, but where does THAT power come from?"
Smugness is replaced by blank look, and then categorically refusing to believe it comes from fossil fuel plants, once again proving aforementioned gullibility.
And I'm the one labeled tin hat.
You are the one in the tin hat.
1) no, EVs do not rely on government handouts. Tesla lobbied to end incentives because they distort markets. It is legacy automakers that rely on government handouts. You know your ICEV makers like Ford.
2) no, EV owners are very aware of how their EVs are powered. You are flat lying about that. large power plants are much more efficient than your ICE engine. So even if run directly off of a coal plant (which isn’t even possible in the real world) an EV would still cause the release of less CO2 than your ICEV if both vehicles are similar.
Down vote for lying. Which is the only way to make an anti-EV stance sound reasonable.
This is kind of misleading. A lot of the initial cost up front is developing the infrastructure needed to build Electric vehicles, which all these major car manufacturers don't have. So the first few batches of vehicles is going to operate at a loss just to cover the cost of building the manufacturing facilities. Once the infrastructure costs are covered with the sales, everything after that is revenue
Revenue is not profit. High revenue, negative profit = loss.
The point is, those up-front costs should be covered by the producers and the consumers, *not* the taxpayers.
Otherwise, they are not taking rationally considered risks. If the whole thing fails, and every new innovation has that risk, who's going to lose anything? Taxpayers. If everything works out, how much return on investment will taxpayers get? Zero.
@@uncaboat2399
&&& all of the designers & engineers will end up big bonuses before they ever drop the ball , , nobody will get held accountable for the muck up but the taxpayers , , ,
Aside from DOE loans, tax payers aren't paying much since they're all tax credits which can't be used unless you have a tax liability.@@uncaboat2399
If you buy one of our new Whizzer electric cars today you'l get a free trailer with a gas generator and charging cord for that summer vacation ! 😅
Well said
This is true for legacy auto manufacturers like Ford, but it isn't true for Tesla, before the Inflation reduction act, Tesla did not receive tax breaks, and a small amount of their earnings come from selling EV tax credits and still made like 14% margins.
I 100% agree that EV companies don't need subsidies, but there definitely is a way for the tech to flourish without government assistance. If you look at the IPCC, for example. Battery costs have gone down ~95% in the past decade or so. Also EVs are mechanically simplisitc, once companies can actually manufacture them at scale, than they will probably be much cheaper than ICE cars.
wtaf? Tesla has recived more than 80 BILLION in subsidies
If EVs are 'technically simplistic' them why are there so few repair shops and specialised technicians? Would it have something to do with the risks associated with the technology?
@@andyman8630 More like $2.4 billion. And there was an initial $400 million loan that was paid back with interest. Tesla annual revenues are 95 billion and rising rapidly. They are the second most profitable auto maker after Mercedes, and that's impressive considering that the bulk of their sales are on relatively inexpensive models compared to Mercedes. Where did you get the $80B number?
Nick, are you sure Ford snd GM and others are actually continuing to build EVs? I've heard announcements recently from both Ford and GM that they are ending EV production. I think Honda too has thrown in the towel. Rightbnow the only thing that makes any sense to me is hybrids. I almost bought a Toyota Camry hybrid and the only reason I did not was not related in any way to the driveline. That car could easily get well over 50mpg or double what my current, at the tim, car got. The problem we had was the shape of the male part of the passenger seatbelt which pressed in hard on my wife's left hip.
Ford and GM are both scaling down their EV production plans in the US, but not ending production.
@@Jonathan_Greer They don't end production because then they would lose access to all the free govt money...
If you look at the YT videos claiming this; they are all from the same channel and using the exact same script - and that script is bullshit.
This EV sales loss issue is nearly all a Ford/US problem, right down to the issues with upgrading house electrics to charge at home; nearly every other country already has electrical codes and infrastructure that can handle 7+KWh draws for an EV charger; even my near 100 y/o house manages just fine.
When dealers are adding a 200% markup, no one can afford to buy; and not just Ford dealers, the Skoda Eniaq is TWICE the price it is in Europe; before you even add local and state taxes; and the price you see on euro websites INCLUDES the tax.
They have to retain the technical skills by keeping production of at least a few. The massive backlog of unsold vehicles on the dealer lots are costing them plenty. I am shedding hot tears for these bozos.@@Jonathan_Greer
@@ianemery2925Ford and GM have announced that they are scaling back their EV investment. The GM and Honda plan to build a cheap car has been cancelled. These announcements were made by Ford and GM themselves. The UA-camrs simply reiterated the official announcements.
The real part is getting the freebie zombies to understand this.
No truer words have ever been spoken.
Man, are you ever RIGHT! Governments have always been the down fall of every great society. They are working on ours right now! Thanks much!
What they are trying to do by forcing everything to be electric is equivalent to trying to force everyone in New York City to drive a four door one ton dually truck or for everyone in a rural area such as Montana to drive a Smart Car, it just doesn’t suit the needs of every situation.
And when you trade them in expect not a lot of money. I believe a used E V is a something on one will want .
HOW DOES THIS ONLY HAVE 118K VIEWS IN 4 MONTHS?! Shadow-banned?
It would be helpful if you did a video on all the subsidies, tax credits etc that the fossil fuel industry gets. It is a staggering amount.
Well worth every penny…every facet of life for everyone depends on fossil fuel.
EVs are for soys and welfare bums only.
"It would be helpful if you did a video on all the subsidies, tax credits etc that the fossil fuel industry gets. It is a staggering amount." No, it isn't. That's a lie.
When one needs a new battery on your EV car its going to cost somewhere $20,000 to $50,000 per battery. Have fun !!!!!!
Tesla batteries last about 300,000 miles. Is that long enough for you?
@ralphwagenet852 my diesel SUV has done over 200,000kms in 5 years already. In a country as big as my Australia, it is just impractical.
Just mandate longer warranties. In some states it's 10 years, 150K mile warranty on the battery.
@@ruidean72 300,000 miles is 480,000 km. So you should get at least 10 years out of a Tesla. Is that enough?
@@imzjustplayin What happens when it explodes??? There are several videos that says cannot make enough Lithium battery in the world to make EV cars plus at the insane cost to pay for one. Some type of ICE engines that make it work. Joe Biden is an idiot including Gavin Newsom, another term moron.
Because they are the definition of "unsustainable". They don't call them rare earth minerals because they're cheap and plentiful. Cars are incredibly clean compared to my first Road Runner. My 74 year old mechanic let's the newest ones run inside while he's eating lunch.
Nick for president!!
Good news! There are more than 1 battery startup building factories right here in the USA. In 2 years Amprius batteries will cut the cost in half for the same range of current EV's. So EV prices will likely go down 30% or more in the next 2 years. It wont be long before the cost of ownership for an EV is well below an ICE vehicle.
I've been hearing such prognostications since Barry's first term.
Here we are in his third and it's still the same fake rah rah rah'ing.
I will believe that when I see it. Don't forget to add in the cost of replacing the whole battery pack after it's charged x number of times. There have been fires = scary.
@@mitchellfolbe8729 - Do a search for Amprius battery. Supposedly has more charge cycles than current lithium ion batteries because the anode can expand/contract more during charge/discharge. And they can charge faster too. We're talking 80% charge in a few minutes.
Even if that proves to be 100% correct, which I tend to doubt, it still doesn't justify dumping billion$ in taxpayer dollars into the system, most likely never again to see the light of day. We need to stop making taxpayers fund all the start-ups, take all the risks, and private enterprise take all the profits.
@@uncaboat2399 - Agreed. Private enterprise was already building better batteries and EV's. The only reason government funding became a thing was because the laggards (Ford, GM, etc) have friends in the govt and convinced them to give taxpayer money to their companies so they can play catch up with Tesla.
Neighbors in the condo complex next to us have a Tesla. All a giddy upon buying it, but alas, no more. The technician's were either at the complex or it was being hauled out. Conservatively, it was every month and a half to 8 weeks something was going on. Wanted and tried to trade it, they're taking a beating. Fortunately $$$$ is not a problem for them but no one likes getting "owned" especially when tthey realize the scam they fell for.
I think there's a bit of obfuscation going on here. Saying a company lost $X per car sold is usually just derived from their fixed costs divided by units sold. One can fix that loss by just selling more units. The actual marginal losses per car (if there are any) are way lower
I don't think this video is fair because the whole point of the subsidies is to build up a nascent market since there are a lot of investment costs to transition from gas to electric vehicles. I generally recommend to most people to get a Toyota hybrid but if you have a home and can put solar on it, then I recommend an EV assuming you can get Solar PV panels to cover the home's energy usage and the usage of the car you intend on charging. In the Bay area where electricity is pretty expensive, charging an EV is the equivalent of paying around $9.40 ($0.28 per KWH)-$13.44 a gallon ($0.40 per KWH) if charging during off-peak. This is expensive but due to the high efficiency of EVs, the penalty isn't as bad as it would appear. But electricity costs in other parts of the country are far less expensive and if you have solar PV, it too will have very low energy costs assuming you had the solar PV system installed for less than $3 per watt before tax incentives.
The issue is that no government incentivized moving from horses to ICE cars. It waszall,done with private capital. Government incentives have not and never will work.
Government incentives can work especially to help nascent industries. There are a ton of technologies and things you take for granted that were helped along with government subsidies. Unfortunately by the same token, it's the reason healthcare and education are stupid expensive. @@arvelwilliams745
Does not matter why, they are garbage period.
I love most of your videos, but I'm a little confused on this one. Maybe I need to do more research, but my family was able to buy a 5 seat EV brand new last year for about $30,000 and it costs us only about $0.04 per mile to charge at home and that's mostly using hydroelectric energy. Are all of the big car manufacturers getting subsidies like this Ford one that you mentioned? Tesla kind of started this whole electric car renaissance, are they getting money like that from the Fed? I'm just trying to understand because conservatives usually seem to be so against these electric cars but it's been a great benefit for our family as it has cut down on the cost for my wife to commute to and from work.
1st troll.
That should be a new category in the comments section.
It's well known that Tesla generates a considerable amount of revenue from carbon credits and not from vehicle sales.
Anyone producing a production-scale EV is getting significant subsidies to manufacture it. This means that whoever build and sold you that EV in all likelihood did it at a steep loss, fully expecting the government to bail them out in the long-term.
This means that the burden of cost is not falling upon you immediately, but it will through taxation, inflation, and increased government regulation harming competition amongst the producers of goods throughout the US.
As has been said before, if a technology is truly transformative, it does not require the government to rob citizens at gunpoint to prop it up while forcing existing technologies to lag behind at gunpoint. It succeeds because it does something better or cheaper than already exists.
@@eamonnmckeown6770 not a troll, my friend - if you dismiss everyone who asks questions as a troll, it won't help things :(
@@WilliamAndRose1 You're not actually admitting to being that clueless? You dismissed the content of his video with a warm and fuzzy self-congratulatory personal anecdote. You didn't even remotely posit a serious question. I checked before posting with a simple google search ' elon musk carbon credits '.
It's a scam or rather it's a faith based belief at best or worst depending on one's view of religions.
@@eamonnmckeown6770 Try reading my comment again. I didn't dismiss anything, I asked some questions and shared my experience. I don't follow business stuff (more of a tech guy) so I was actually asking for info. Could I go search for it? Sure... but I was hoping people here would be knowledgeable.
Federal and global governments have their boot on the neck of the automobile industry, one of the most empowering things for an individual is to own a reliable vehicle and have affordable fuel for that vehicle, and that is being made unreachable on purpose.
Careful, Big Brother is watching!