Legacy and luxury automobile manufacturers have for too long based their prices too heavily on engine power and performance packages. I know we’re talking EV’s here but industry-wide Tesla has largely neutralized that. The consumer is left choosing simply based on whether or not you’d pay the delta for luxury. People are asking themselves: “Tesla has 80% of what I need would I pay 50% more for these 20% of luxury Mercedes offers?” As interest rates increase, clearly that answer is no
@@b3arwithm3 Yea, many years ago MB and BMW pretty much gave you MORE for what you were paying for. Better driving dynamics, luxury and of course status. Honda, Toyotas and even the American car brands gave you very basic transportation. I remember a time where the only vehicles that offered heated seats were on higher end luxury cars. Now, as you said, technology has caught up to the cheaper car brands, both in terms of luxury, driving dynamics and technology. I have a 2020 Chevy Impala premier. My car has bluetooth audio, leather, heated and cooled seats, heated steering wheel, adaptive cruise control, remote start, 2 person seat memory, panoramic sunroof, power tilt and telescoping steering wheel and a 305hp V6. Its no sports car but it can definitely keep up with traffic with no problems and I have all the creature comforts that some of which were only offered on the most expensive of Benz and BMWs. I like MB but I cannot think of a reason as to why I should trade my car for a Benz, BMW, Lexus or any other high priced luxury car when my car has pretty much everything I want for FAR less money. The MB EV's, to me, are a waste of money because the only reason I can think of why someone would want to buy an EV is because they want to not use any gas or put carbon into the air. A Tesla can do the same thing for half the cost.
@@aaronmelson2887 You are thinking with common sense. A purchaser of an MB likely thinks differently. It's more of a status and refinement choice. An elite club. And they can afford it and wouldn't be caught dead in an Impala, no matter how good it is. That would make them commoners. It's a different mindset
Good, let them rot in the sales lot. About a year ago I went to order a EQS and the saleswoman wanted $35,000 USD above list price. I told her no way, I said there will be a day they be wishing people will come and purchase their overpriced cars. Looks like that day is here.
I have negotiated EQE Exclusive edition with Digital light, real excel package etc, 86K vehicle to around 68K. There are hundreds of EQ vehicles sitting at all the dealers lots.
Bro, i cant believe it. And for the last 2 years, all car brand dealers want some extra money , they say they dint have so much cars due to chip crisis. İ always thought it just happened in turkey.
Many BEVs losing 30-50% of their value over the first year doesn't help either. Buyers who do their homework don't want to get screwed over by that, which means manufacturers and dealerships need to absorb a chunk of it.
Most people who can afford a car north of $100k are not usually bothered about interest rates. (I'm probably in that category - if I want something, I'm lucky enough to afford it most of the time). These cars are not selling because people are looking beyond the expensive cosmetics, and seeing that technologically, they are inferior. Better technology is available at 40% less money - and even when money is no object, few people are that stupid to pay well over the odds for a product that is inferior.
@@brunosmith6925 That’s absolutely the wrong way to think about it. It’s not about “what can be afforded“, it’s about what the monthly payment comes out to be. The vast majority of Americans, who are buying something on deferred payment, are concerned with the monthly payment. The reason why BMWs cars move faster is because BMW offers better lease deals than Mercedes does. For the IX BMW asks for $8000 Down and give the car to you for 799 a month. The only EQ product comparable is the EQE and Mercedes deals aren’t as good on that but anyone who’s in this market wants an EQS or EQS SUV, which cost way more than $100,000. If the people truly could “afford” it, they would simply buy it in cash, which they mostly can’t or won’t do.
My wife was a huge BMW fan fo quite some time. She used to speak about how while other cars are driving the body, BMW drives the soul. I being a biker myself never understood that- no car could get even close to a good motorcycle in terms of pleasure. This all changed for both of us after we test-drove a Tesla. And it wasn't even some very high end model- it was a simple Model 3 dual motor. After that she test-drove BMW 530e, just in case after which here words were "I can't imagine anybody buying it over Tesla." . When we bought our first Tesla Model Y and entered it for the firs time, my wife's car wisdom impressed me once again. This time she said "it doesn't smell like a new car in here! It smells of The future!". I never knew my wife was such a poet about cars 🙂
Not very fair to compare the best EV on the market with probably the worse BMW 5 series,a plug-in hybrid that was built for one purpose only and that was lowering the average CO2 emissions on the entire range.
All these luxury German brands have milked the market for years, and are now been shown their place by Tesla. I have always chosen BMWs in the past, never again.
Same for me. And my BMW does not sell at all. I lost so many money in one year I own it. Ver very disappointed. My Tesla will be delivered in 3 days. Can’t wait for it. My bmw has a lot of missing basic equipment. That’s why also unthinking does not sell 😞
I think there are a number of factors to consider. First of all, no matter how you slice it, it's a car that costs more than $100k, so there's already going to be very few sales in this market. Like at Tesla. The overwhelming majority of their sales come from the Y and the 3. Then, when you compare an EQS 480+ to, let's say a Lucid Air, the Air beats it in speed (by a lot), range and is waaaaay cheaper. The EQS 450 starts at $107,400 and goes as high as $125,950 for the EQS 580. The Lucid starts at $78,900. Both cars compare, luxury-wise, so it's really hard to justify paying $30K (or more). Finally, interest rates are pretty high and it's a challenge to get a loan under 6%. Everyone has a limit and Mercedes needs to focus on putting out more $50-$80k cars. My wife and I both make six figures and we're not looking to buy any $100K cars anytime soon!
It's also worth noting that there is a ton of price pressure on consumers in the US, and unlike most recessions the job cuts are starting with higher earning positions. We're calling it the "rich-cession". Where i am in the US, tech workers, finance/banking, etc are getting laid off, but blue collar labor is in high demand. Self-employed landscapers are making as much as engineers. The types of people who would be in the market for these cars, high income / white collar but not truly wealthy, are concerned about their jobs and they have cut spending on luxuries.
Mercedes dropped the ball on the EQ lineup when they went from concept to production. The concepts were sharp looking and had more of a futuristic style that really looked cool. The production vehicles look generic and dumpy in comparison. Add in the lack of wiz bang performance and you get to where we are now.
People are discovering (usually at great personal cost) that a legacy brand's reputation in ICE cars is not necessarily transferable to their EV offerings. As people appreciate that computers and software are massively more important than mammoth-pube stitching in the seats, so they are abandoning these expensive EV duds from the legacy automakers.
Tesla are likewise heavily discounting - especially in China, where BYD is dominating EV sales. Tesla is lucky Trump slapped a 25% tariff on Chinese EVs sold in US. Otherwise, MB and other luxury Euro brand customers don't buy on cost but quality; frankly, Tesla build quality is nowhere close to Euro OEMs
I agree to a point. MB make luxurios cars. You have to give them credit for that. They made that space their own. So if you want high end luxury in your car, an MB is a good option. To transfer that into an EV suits what MB is. But if you want your luxury to include high end software, then MB falls down. Tesla is well on top when it comes to computers and software and the option to have the car drive you some point in future. But even as a Tesla fan, I would not compare the interior of an MB to that of a Tesla. Its like chalk and cheese. MB needs to find where it will exist in the new EV world just as it did in the ICE world.
@zoransarin5411 Even Tesla's tech is way over-hyped; no lidar, for example; lack of driver screen in most models; no HUD; no bidirectional charging, etc... That all said, MB and BMW aren't making their lives any easier churning out terrible-looking EVs; a cynic would say it's a deliberate strategy for compliance purposes, while they milk the last of the ICE age (and realise full depreciation of ICE investments)... Toyota is a a bit of a basketcase strategy-wise, but they sold 10 mil cars last year (Tesla's sold 10 mil in its history); though, Toyota's not stupid, they'll be churning out reliable low-cost EVs well before decade's end as Chinese companies are already.
@@jarrodf_ Chinese EV sales like the Nio are doing poorly in Europe, and the Chinese Polestsar is doing poorly in the US. Tesla loses in traditional build quality measurements, but i own three Teslas and I've never had a rattle ... These are minimalistic tech cars that beat the competition in real world value
OMG, like so much. My Mercedes local dealer, which is the one of the biggest in my state, has one in inventory. That's infinite percentage more than they had last month, which was zero in inventory. Meanwhile, over at the Tesla dealer, there is no customer parking. You have to park across the street at Walmart. The inventory has spilled over to the point where they are now parking them (illegally) in the side streets. Its a total sh8t show. My BMW local dealer now has one i4 and one iX. The custom order queue for 2024 i4's and iX's is nearly sold out.
We're not even close to that point. With improved charging infrastructure due to NACS adoption, along with more variety, better range, faster charging and lower prices as production ramps, EV growth over the next few years will be much higher.
@@jamespaul2587 "IF" they can achieve what you listed, yes. How do they lower cost significantly? I don't see that happening or even possible . Current battery technology is what it is and lithium is stretched as far as it can go. I think Tesla has a ways to go but I see little future in their truck outside current EV buyers. Ford, GM and the other manufacturers are already taking significant losses in this market and have openly stated they're re-evaluating that direction. Many current EV owners were able to enter this market because of tax incentives. That's not a draw for many and probably most consumers.
@@scratchsescape1978 cost will be reduced as production ramps, and as battery technology improves and falls in price. We've already seen substantial reduction in battery costs with lithium iron phosphate batteries. Tesla's continued improvements as they streamline production with giga castings, structural packs and other improvements will result in more affordable vehicles with comparable margins.
Infrastructure + Battery improvements are needed. Also we might see blockade of Chinese EVs for anti-dumping allegations. The Chinese pricing would bankrupt everyone, so this is somethinf i expect will happen.
@@tz7710 The Chinese do kake money on 250 mile range lifepo electric cars sold for about 20k. You can't get a civic in the us for that, it is about 30k. A civic.
@@dabulls1g Buy EQS and you’ll get the same.. Battery cost so much that they need to save money somewhere else.. interior of EQS is not worth the brand. Tesla is at least innovative.. they always try new things and ideas.. and always surprise.. They will own majority of the EV market anyway.. them and Chineese companies (unfortunately..).
The problem is trade in and resell value. Nobody wants to but a used EV out of warranty and with its battery health aging cause we know how much it cost to replace. Depreciation on EV's is high
The bottom is falling out of the ev market and Mercedes is just one manufacturer. Battery powered cars? You can fool all of the people some of the time and you can fool some of the people all of the time, but you can't fool all of the people all of the time. It's nothing new.
The Mercedes/Geely 50/50 partnership is making the Smart #1 & #3 range. The motoring journalist agrees that the Smart brand has more kit than Mercedes at far less money. Geely also make Volvo, Polestar, Zeekr and Lotus. On their SEA1 & SEA2 platforms.
The same problem in Germany with EV's. Charging Energy too expansive, gasoil prices got lower last 12 months while Charging prices went up, too much handling problems (no roof&stuff) , too high prices, too much problems in winter. About 30 % of ev owners will go back to gasoil cars. Much less trouble.
Let's face it... in the UK, certainly, you're going to need to get at least 10 grand off the price, so you can put that money towards the first insurance premium (assuming there are any companies left who will agree to cover Exploding Vehicles) 😂
The changeover to NACS matters too. Using an adapter is fine, but it isn't a luxury experience. Who wants to pay 100k+ and then have to use an adapter? It's going to feel like mixing oil into your two cycle weed wacker.
Mercedes PCP or PCH pricing strategy in the UK is insane. They are way too expensive and consumers are going elsewhere. They dug their own grave no go jump into it Mercedes.
Since the new Model 3 is still months out in North America its impact is minimal at this point (so worse is yet to come for MB). What’s hurting them most is the Model S & X price drops. The base Model S now starts at $75k. This matches the entry level EQE350 while having better specs than the EQE500 & EQE-AMG up $10k & $30k respectively. And then there is a Model S Plaid that Motor Trend just reviewed calling it a better track car and more of a drivers car than the Taycan. All for $90k. Things are even worse than this for the EQE SUV with the Model X price dropping to $80k qualify for the tax credit for a $72,500 base price for those who qualify. The EQE SUV starts at $80k & also qualifies for the tax credit. Again the base Model X has superior specs than the top end EQE SUV.
TESLA CRUSHES THE COMPETITION IN QUALITY AND PRICE. That applies to Mercedes as much as the rest of legacy auto. People aren't going to pay more for an inferior Mercedes BEV. Thanks Viking and cheers!
Mercedes are failing with EVs but their cabins are still better than Tesla which is like the inside of a fridge. Mind you Mercs don’t have panel gaps !
Price sure, quality not even close. Tesla's have great tech, and the quality is there where it counts mechanically, but the paint, fit/finish, and interior quality are still miles from German offerings.
Interesting to see what happens as VW and Ford have suspended production of EVs. Ford has also suspended the development of its Battery factory in Maine.
MB, GM, Ford - they're all having serious issues selling EVs. Seems to me the number of potential customers who'll accept an EV is small and so the market is easily saturated. This is a serious problem for the industry.
It’s a good time to buy/lease an EV. Checked local MB dealership they had 11 on the lot. VW has 533 ID.4’s in a 50 mile radius. Tesla has cars I stock. I know someone who was allowed to test drive a MY for the whole day and bring it back in the morning. They even tested the Supercharger!
They aren't selling mainly because of the prices. I truly wanted to get an EQS, but after test driving it, and coming from a Tesla Model 3, the benz software and functionality lags way behind Tesla. At this point it looks like I am going to get the Model Y or the BMW. The bottom line is, Mercedes prices are way to high for what you get.
Just like Ford, GM, and other EV makers, Mercedes Osborned themselves by offering the NACS (Tesla) charging system in 2025. Distress associated with the non-Tesla charging 'system' in North America is palpable.
I played with the configurator of the EQE 350+ long range. The WLTP range is great but those prices. 😮 Add options and price goes up by the thousands. And it’s already a lot more expensive compared to a Model 3 in stock form.
It is not just Mercedes that is having sales problems, local manufacturers like Ford, have over a years supply of Mach E's on lots, GM stopping production, etc, etc. EV's just don't work and the public have realised Hybrids are the way to go. Now proven that full EV's are impossible to live with under normal circumstances. All right if charging at home and just doing local runs with returning home at night to charge. The moment goes away from reliable charging, it becomes a nightmare of slow, broken or just plain busy charging stations where it takes hours to even part charge. Plug in Hybrids, or standard Hybrids have proved that this is the answer. If all vehicles Hybrids, fuel usage, and therefore greenhouse gas emissions would be cut by up to 75%, and this would be a great improvement in the short term, eg to 2035, than we currently have.
The problem with EV’s is that the battery pack represents 40% of the value of a new car. When that car is three years old, the cost of replacing the battery pack can be more than the value of the car. Who on earth would risk buying a secondhand EV?
First, these manufacturers were pretty much pushed into increasing their EV offerings by regulators. Second, all of these traditional manufacturers made a huge mistake estimating longer-term EV demand. They mistook early adopters who either wanted the “cool” factor, or else had a use for an expensive commuter car without worrying about range anxiety from one used on linger trips - for much broader acceptance by the marketplace. The growth rate is slowing rapidly and the more people that experience EV’s, the more people sour on them.
The reason these luxury manufacturers are building EVs in the first place is mostly due to government pressure to be Carbon Neutral. As a MB employee I can see that most have a plan to be neutral, which does not mean fully electric, but rather neutral in the amount of carbon emitted by ICEs. The largest challenge that manufacturers are facing is “range anxiety” Tesla is not considered a luxury brand just an advanced tech car with zero luxuries. THEY ARE NOT EQUAL and Tesla had to significantly reduce their prices because they did not offer anything to be compared to a luxury vehicle in relation to MB or BMW. So I will disagree with your proposal. However, you do bring some good points about the market. Best!
I own two Mercedes, one gas, one EV. There is no way I will ever buy another. What a nightmare. They are so unreliable and stupid expensive to repair. They are fantastic to drive, beautiful inside and out, powerful, quiet, smooth riding cars that work great for about 30,000 miles if you're lucky.
Viking, you are very accurate with your analysis of ownership of vehicles in the pecking order of which one inspires to own. I as a penny pincher will spend all of them on the best product available. As far as I'm concerned TESLA is the best value. Maybe not as posh as some competitors a vehicle that is built and designed by rocket scientists is the investment one should make. Thank you for providing me with all the information I need to make a clear and proper decision.
Were they the same rocket scientists that designed the Semi ? A truck that looks like it could be a complete duffer . Nobody that I know in the freight industry can even take it seriously
@@harmony3138 a silly thing that will never experience dings &dents that you get in every parking lot. And if you ever had The misfortune of experiencing road rage, you can sit back and watch your infotainment system while you wait for the police to arrive. It may not be your cup of tea, but safety and performance is a necessity in the vehicle you purchase. I wouldn't trade safety & performance from a silly looking vehicle.... Says you, Over my family's life or my own for that matter. Having luxury vehicles & high-end pickup trucks . Not having to be concerned about scratches on the paint job or criminals easily breaking the windows to access my belongings. This vehicle grew on me very rapidly. You continue to look good in your cool vehicle and I in my CYBERTRUCK will too .
@@JustPullthePin Elon is the CEO of both companies, what rocket scientist’s work at Tesla? Names? Sources? You make it sound like a team of Rocket scientists went from working on rockets to working in cars. That seems highly unlikely…
The reality is maybe starting to sink in. In the US for every 100 cars being made only ten buyers are interested in EV. And with Tesla making up most of those sales you are looking at incredibly small numbers left over. Merc, VW, Ford trying to capture those tiny amount of buyers, something as to give and cars will stack up at dealers, there simply aren't enough buyers interested.
Great video. I love Mercs and have been with the family since the late 80's with the W123. I'm from SEA and in a country where the electric grid is nowhere near enough to sustain the energy requirements of every household, how did MB expect to penetrate this market? I remember when Mercs were selling well with C and E Classes during the early naughties. Now it's more of the cheaper products with inferior build quality and engines at a higher cost. IMO they've lost the plot.
Electrification has been the great equaliser for brands other than the legacy brands. Someone with an upcoming MG4 XPower($60,000) would probably smoke all non-AMG offerings.
My point of view and open to feedback. Many people might be considering buying an EV is like buying an early iPhone (slow, lacking features). In few years, more range will be available for less price. And we may see this when the solid state batteries revealed by Toyota.
Electrification of vehicles reduces the differences between cars. Luxury cars are in trouble generally because Hyundai and Kia and Subaru makes cares that are at least as good as expensive German cars. But at a fraction of the price. And a fraction of the depreciation. As the Viking has just said the performance between electric cars isn’t significantly different enough to justify the extra price as is the case with ICE cars where the powerful AMGs justify the additional price.
I choosed the Tesla MS over the EQS because of two things: 1. No frunk 2. Bad design Now I will sell my MS and get back to Mercedes. The Tesla-Service here in Germany is so incredible bad, for me it is not acceptable.
If I was to spend on a new eV car and it had to be an everyday I'd just get the cheapest that suited my needs and with any money left over would buy an older ice car that was fun, I don't see any real difference between a cheap eV and a top line eV, both will do the same function of going from a to b, however with an ice car you can see more where the money has gone and the noise or performance changes and how it drives too. That being said most eV will be quicker but as humans we like emotion feel and individuality, an eV is just a box for a purpose with no thrills and once you have driven it quickly it then just becomes boring, I have driven a few now and love going back to an ice car every time
Excellent review on EVs. It's simple agree we need to protect environment but majority do not understand why buying an ev will save the environment Government must work with scientists to bring up air purifying plants based on pollution area..the knowledge and machines are available Government just need to provide incentive to those machines
Wow!! I never expected that. I see a TON of EQS sedans and EQB SUV’s in Vancouver. However I’ve probably only spotted maybe one or two EQE sedans and never ever saw an EQE SUV. Vancouver being one of the highest adopters of EV’s in Canada, perhaps this can be an indicator.. regardless, dealers here in Canada tend to be hungry for used vehicles still over new.
It seems those who really wanted those cars and could afford them at any price have bought them. Regardless of Manufacturer, Mercedes, Tesla, Ford, Lucid etc. As this global recession grinds on, interest rates rising. Savings of even the most stingy being depleted. Those who relied on debt to buy whatever they wanted, can no longer. Add on the fact the last few years of dealers selling New and Used vehicles at 100 to 180% Loan to Value. It had to stop sometime.
Some brand needs to come out with a 4 seater with a new standard of increase leg room and a plug that a owner can buy a 35kg battery to plug in and pull it out when you don't want it
Did you know that you can steer an electric car which has 4 motors without the need of a steering wheel - just by regulating the speed of each motor individually?
There's a famous World War II bomber called the "old 666" and the pilot, Jay Zeamer, jr. steered back home that way after they were attacked by between 17 and 20 zeros.
@@hangemhighholidaylighting6902It's possible with all 4 motor BEVs...but the Rimac Nevera is the most advanced one regarding this. But not really an issue to do this even in a $20k BEV as well.
The main problem for Mercedes is, that they denied making their ECs better thank their ICE cars. This was because they want to earn more money with ICE cars. Therefore the other manufacturers which did not cut down the advantages of EVs, are better now.
the only big sales numbers for EV's are generated by the company cars and the fact that company's just don't even have a choice. I would think by now the largest orders have been made and so the sales are dropping.
I’m sooo glad good old Mercedes-Benz is pulling the plug on the EV craze. ☺️☺️☺️ After this faux pas, and knowing Mercedes, they will probably come up with some outstanding new all-Internal combustion engine lineup when the new design cycle begins in around 4 years time, to make up for the blobby EQ series flop.
There are less and less reasons to pay a premium for EVs. The relatively low priced EVs from Tesla and Hyundai are just too good for the price. And Fisker, Polestar, Zeekr and BYD are coming to Europe next year... Bad weather forecast for the German big 3. As of now, there are 120 new EQE SUV in stock according to Mercedes new sales page. Good luck to sell these at 110+k€...
As a premium brand which entered the ev market way in advance (think smart branded cars), I can't believe they made the eq line. So unappealing to potential customers. No wonder all these excessive inventory.
I cant speak nfor the rest of the world but the interest rates in the u.s. are holding people back from making a big purchase. Whats it like in the other countries if u in the comments live outside of the u.s.
I got an EQE as a replacement for my Model 3 since I was looking for a more comfortable car. Tried the Model S but the feeling was so cheap and bad compared to the EQE that made the S a no-go for me. After a few weeks with it I have to say the software on the EQE is MUCH better than what I had on my Model 3. The nav is able to make routes through non-Tesla chargers (which was a nightmare to do with the Model 3... as Tesla was so much expensive compared to other providers, not anymore these days tho), Plug & Charge works perfectly in IONITY and other providers, it preheats with third party chargers! (The Model 3 is unable to do that!) and the representation of the exits and so is much much better than in the Tesla. The only thing I miss a bit from the Model 3 is the almost instantaneous app... In the EQE the app is a bit slower which is a bit inconvenient sometimes. Apart from that... a super-b car.
@@karlmiller5009 Europe. I understand that America is a completely different situation with the state of CCS chargers like Electrify America, NACS, etc. Here providers like IONITY have deployed a really convenient and extremely reliable charging network
How's software updates going with Mercedes? Or do they still do a sell-and-forget business model? If so, the Mercedes EV management board should be fired wholesale.
I like Sam, but I have no idea where to find these discounts. I was at my Mercedes dealer yesterday to test drive their EQB. There were no discounts to be had except the $7,500 rebate on EV leases. And the time each vehicle was spending on the lot is very different than the numbers reported by TFL that listed the X1 as being the vehicle sitting on dealers lots the longest.
There is a nuanced point that does not often enter the discussion around the economics of EVs, which is that EVs are naturally inflationary. This isn't a problem with EVs, but a problem with the way that the economics of the current world does not properly price pollution/emissions (and their effect on climate change). It is a fact that owning an EV, no matter which brand it is, requires a lifestyle change on some level. Beyond just dealing with basic recharging for the purpose of driving, owners also have to do things they did not have to consider with gas cars, such as thinking about how the range would be affected by temperature, or dealing with a cabin that heats slowly in the winter. These are costs. They are not monetary costs, but they are economic costs nonetheless. Furthermore, actual monetary costs, such as savings on maintenance or fuel, may not materialize depending on your location. Public charging can be expensive, and even residential electricity can be expensive based on your location. In a complete economic reality, where pollution/emission is properly priced, the additional cost of EVs (both monetary and non-monetary) should be made up for by a comparable increase in monetary cost on ICE. However, because current economics do not apply full cost for pollution/emission, ICE cars are in reality "cheaper." And by cheaper, I mean both in a monetary and non-monetary sense. They are, to a buyer who is not consciously considering pollution/emissions in their purchasing decision, both monetarily cheaper and more "convenient" by not requiring a lifestyle change. The reality of this economic situation manifests in unacknowledged problems with the EV market that traditional automakers are somewhat failing to deal with. Manufacture of EVs has higher monetary costs, of which a portion must be inevitably recovered from the purchasing price. This is why EVs have higher starting prices. The other portion of the costs can only be made up by reducing margin, or attempting to reduce costs. Most traditional automakers are not able to sustain continued unprofitably by pulling all their costs from their margin. As a result, they turn to cutting costs, which is directly reflected in the products. This can be seen in that most EVs, in a given price point, have worse interior materials, upholstery materials, and general apparent quality than comparably and often even lower priced ICE. The combination of higher upfront cost, lower apparent quality in the product, and non-monetary costs like required lifestyle changes, then you have the definition of "inflation." The market responds to inflation when it sees it. Marketing and hype cannot overcome economics. There is only two ways for automakers to overcome this. The first is to improve productivity, which lowers costs without decreasing product quality. Tesla is king here, and other automakers need to learn from them. The second way is to provide, in real product quality, the worth of the higher cost being charged for the vehicle. By this I mean an EV must be worth both the higher upfront cost and the non-monetary cost. The only way to this is through design and improving general apparent quality. The customer needs to see that they are paying more for more. The economic reality for customers currently is - when you remember that a customer is not considering cost of pollution/emissions - paying more for less with an EV.
I have driven and owned both the Tesla and MB. Without question, the MB is wayyyyy nicer. It has such quality. But, it misses out, in a big way, in charging convenience and in autopilot. That is a better solution for me.
I've read and heard of the stockpiling of MB electric vehicles. Stockpiling such as this should = lower and more competitive prices, especially in the 2nd hand market. Imagine my surprise and disappointment when I hot-fingered over to my local online car market and found this is not the way things are. There is no significant discount on MB electric vehicles as far as I can see. Apart from that, any EV costing 100k euros really ought to have at minimum a range of 500 km.
The EQE has a big issue. The price. I looked at them for a new company car, but at 92000 euro’s it’s not worth it. The EQE SUV is 120000 euro’s. For me the tesla also isn’t an option. I really don’t like them. As it stands, for an EV, I am most tempted by Polestar.
More power and more performance only if you pay a subscription fee. This one the big issue for modern cars too. Also repairability of an EV when you out of warranty. That's, probably, why used EV market is almost non existent.
Talking about interior my friend love the Interior of the EQS and he consider one of the best interior. As for me its decent and definitely better then Tesla,s interior as its way too minimal and simple, and the screen is not integrated with the design of the dashboard honestly I prefer the design of the old 1st Gen Model S.
I wonder what the actual depreciation will be. Luxury brands depreciate massively, and quickly. Overly complex, they usually become more expensive to maintain and repair. I'd expect the EV versions might actually have lower cost-of-ownership over time.
@SimonWebbRCandModellingChannel Or - by the time battery replacement becomes a necessity, the new tech will have twice the energy density at half the price of the original.
I have driven EQS, tesla, BMW I4 and regular s class. EQS is leaps and bounds better car than tesla and bmw, but if you love regular s class you dont like EQS. And that is the main problem.
Having looked at an EQC I was very disappointed when I asked what storage space they have under the bonnet (I.e. frunk). All they have done is shove a big electric motor there, no refinement, no leveraging the ability to shrink everything like Tesla has done. Very disappointing. Tesla is years ahead. This is an opportunity to innovate and they haven’t . I also agree that their styling is a bit suspect.
Used to buy Mercedes but nowadays I’m not really interested in ‘luxury’ as in toys in the car to play with hence using a tesla, functional, innovative with a decent range and a proper charging infrastructure without the eye-watering pricing of other charger networks. Using our home Solar with the very occasional top up via tesla chargers we move down the road for about a penny a mile instead of our neighbours (diesel) who do the same trip for about 14 pence a mile, or £140 per thousand miles against our £10. Even if we have to double up to 2ppm we will still only pay £20……really expensive these electric cars sort of go now, pay later or pay now go alter over a ten year period electric will win every time
But how many pence per mile are you paying, in depreciation. You may loose 15,000 pounds on resale. The diesel owner may loose only 3,000 (maybe it's a second-hand car). So suddenly the EV turns out to be way more costly to run..
@@tomlewitt resale ? This is a ten year investment, hoping to drive our EV into the ground, not really interested in selling it…what would I drive then
It is a good idea to invest at least A LITTLE into Tesla. Doing that doesn't mean that you're wishing a painful death on Tesla's competitors. And Farley at Ford knows this obviously. On Mary Barra: She has her money. And she did more to push GM in the right direction than anyone else. So mow she should let somebody else help GM take the next step imo. I DO appreciate how she pushed for GM to get in to electric. Without giving her a total pass on everything, would GM have ANYTHING electric if she didn't insist that they build EV's ?
Sam you should do a video on the base polestar 3 vs vase eqs vs base IX vs base etron q8 Price / range / HP / torque / battery size. Would be a great video
Not to mention Merc has the worst service department ever
Legacy and luxury automobile manufacturers have for too long based their prices too heavily on engine power and performance packages. I know we’re talking EV’s here but industry-wide Tesla has largely neutralized that. The consumer is left choosing simply based on whether or not you’d pay the delta for luxury. People are asking themselves: “Tesla has 80% of what I need would I pay 50% more for these 20% of luxury Mercedes offers?” As interest rates increase, clearly that answer is no
no i want a real dashboard and interior. i do not need luxury but i would like to have a few knobs and not feel like i'm in mobile jail cell
But that is no different today with ice. You could say a Hondas and Fords have 80% of what you need but why pay 2-3x the price for a MB and BMW?
@@user-nl9me3er7wTesla started removing all the controls as cost saving but now some users are touting it like a slick thing
@@b3arwithm3 Yea, many years ago MB and BMW pretty much gave you MORE for what you were paying for. Better driving dynamics, luxury and of course status. Honda, Toyotas and even the American car brands gave you very basic transportation. I remember a time where the only vehicles that offered heated seats were on higher end luxury cars. Now, as you said, technology has caught up to the cheaper car brands, both in terms of luxury, driving dynamics and technology. I have a 2020 Chevy Impala premier. My car has bluetooth audio, leather, heated and cooled seats, heated steering wheel, adaptive cruise control, remote start, 2 person seat memory, panoramic sunroof, power tilt and telescoping steering wheel and a 305hp V6. Its no sports car but it can definitely keep up with traffic with no problems and I have all the creature comforts that some of which were only offered on the most expensive of Benz and BMWs. I like MB but I cannot think of a reason as to why I should trade my car for a Benz, BMW, Lexus or any other high priced luxury car when my car has pretty much everything I want for FAR less money. The MB EV's, to me, are a waste of money because the only reason I can think of why someone would want to buy an EV is because they want to not use any gas or put carbon into the air. A Tesla can do the same thing for half the cost.
@@aaronmelson2887 You are thinking with common sense. A purchaser of an MB likely thinks differently. It's more of a status and refinement choice. An elite club. And they can afford it and wouldn't be caught dead in an Impala, no matter how good it is. That would make them commoners. It's a different mindset
Good, let them rot in the sales lot. About a year ago I went to order a EQS and the saleswoman wanted $35,000 USD above list price. I told her no way, I said there will be a day they be wishing people will come and purchase their overpriced cars. Looks like that day is here.
I have negotiated EQE Exclusive edition with Digital light, real excel package etc, 86K vehicle to around 68K. There are hundreds of EQ vehicles sitting at all the dealers lots.
@@siddharthassinhathat’s a crazy good bargain. Which state are you from?
Bro, i cant believe it. And for the last 2 years, all car brand dealers want some extra money , they say they dint have so much cars due to chip crisis. İ always thought it just happened in turkey.
@@siddharthassinha 👍Nice
Yeah nahhh..
8%- 12% interest rates ain’t helping move an $80,000- $150,000 EV huh?
Many BEVs losing 30-50% of their value over the first year doesn't help either. Buyers who do their homework don't want to get screwed over by that, which means manufacturers and dealerships need to absorb a chunk of it.
Most people who can afford a car north of $100k are not usually bothered about interest rates. (I'm probably in that category - if I want something, I'm lucky enough to afford it most of the time). These cars are not selling because people are looking beyond the expensive cosmetics, and seeing that technologically, they are inferior. Better technology is available at 40% less money - and even when money is no object, few people are that stupid to pay well over the odds for a product that is inferior.
@@brunosmith6925
That’s absolutely the wrong way to think about it. It’s not about “what can be afforded“, it’s about what the monthly payment comes out to be. The vast majority of Americans, who are buying something on deferred payment, are concerned with the monthly payment. The reason why BMWs cars move faster is because BMW offers better lease deals than Mercedes does. For the IX BMW asks for $8000 Down and give the car to you for 799 a month. The only EQ product comparable is the EQE and Mercedes deals aren’t as good on that but anyone who’s in this market wants an EQS or EQS SUV, which cost way more than $100,000.
If the people truly could “afford” it, they would simply buy it in cash, which they mostly can’t or won’t do.
@@teardowndan5364 Maybe they should consider keeping the car instead of getting into one every 2-4 years. Cars are bad investments
Right! I don't even need to finance my $40k Tesla.
My wife was a huge BMW fan fo quite some time. She used to speak about how while other cars are driving the body, BMW drives the soul. I being a biker myself never understood that- no car could get even close to a good motorcycle in terms of pleasure. This all changed for both of us after we test-drove a Tesla. And it wasn't even some very high end model- it was a simple Model 3 dual motor. After that she test-drove BMW 530e, just in case after which here words were "I can't imagine anybody buying it over Tesla." . When we bought our first Tesla Model Y and entered it for the firs time, my wife's car wisdom impressed me once again. This time she said "it doesn't smell like a new car in here! It smells of The future!". I never knew my wife was such a poet about cars 🙂
Not very fair to compare the best EV on the market with probably the worse BMW 5 series,a plug-in hybrid that was built for one purpose only and that was lowering the average CO2 emissions on the entire range.
Nah, that smells like what an RC car is😂
Tesla=Plastic Car, low quality. Cant even compare to bmw and mercedes.
Ahh must love but no Tesla looks are from proyect car than has not been finished.
EQS is more of the Model S category. I don't know why it's been compared to Model 3
Viking compared the EQE
All these luxury German brands have milked the market for years, and are now been shown their place by Tesla. I have always chosen BMWs in the past, never again.
Same for me. And my BMW does not sell at all. I lost so many money in one year I own it. Ver very disappointed. My Tesla will be delivered in 3 days. Can’t wait for it. My bmw has a lot of missing basic equipment. That’s why also unthinking does not sell 😞
Many are stating this.
Got rid of my BMW complete worthless junk
Smart
Driven BMW the last 30 years; now my last BMW purchase - a convertible - just sits in garage as I always prefer to take the Tesla Model S.
I have the cash to buy one, but I looked at the EQE, it's range was 260 miles and prices more than $87k, I ended up buying a $32k Toyota Camry hybrid.
Sure 🤡
@@zoobrizz😂
Yeah, people shopping for $90K car always go with the $29K Camry.
@@SOLDOZER $32107, plus 9.25% sales tax, plus tag and doc fees. NOT $29K!
I'm not rich, but saved enough cash.
@@manimalworks7424yes, you can save even more taking the bus!
I think there are a number of factors to consider. First of all, no matter how you slice it, it's a car that costs more than $100k, so there's already going to be very few sales in this market. Like at Tesla. The overwhelming majority of their sales come from the Y and the 3.
Then, when you compare an EQS 480+ to, let's say a Lucid Air, the Air beats it in speed (by a lot), range and is waaaaay cheaper. The EQS 450 starts at $107,400 and goes as high as $125,950 for the EQS 580. The Lucid starts at $78,900. Both cars compare, luxury-wise, so it's really hard to justify paying $30K (or more).
Finally, interest rates are pretty high and it's a challenge to get a loan under 6%. Everyone has a limit and Mercedes needs to focus on putting out more $50-$80k cars. My wife and I both make six figures and we're not looking to buy any $100K cars anytime soon!
100%
Well is more of to have or not have situation. That is their motto the best or nothing!
It's also worth noting that there is a ton of price pressure on consumers in the US, and unlike most recessions the job cuts are starting with higher earning positions. We're calling it the "rich-cession". Where i am in the US, tech workers, finance/banking, etc are getting laid off, but blue collar labor is in high demand. Self-employed landscapers are making as much as engineers. The types of people who would be in the market for these cars, high income / white collar but not truly wealthy, are concerned about their jobs and they have cut spending on luxuries.
This is the most interesting remark I have read for a long time. Its content is totally new to me.
Where do you get these "facts" from?
Mercedes dropped the ball on the EQ lineup when they went from concept to production. The concepts were sharp looking and had more of a futuristic style that really looked cool. The production vehicles look generic and dumpy in comparison. Add in the lack of wiz bang performance and you get to where we are now.
I second that! You can't b.s. people with a sh*t design.
People are discovering (usually at great personal cost) that a legacy brand's reputation in ICE cars is not necessarily transferable to their EV offerings. As people appreciate that computers and software are massively more important than mammoth-pube stitching in the seats, so they are abandoning these expensive EV duds from the legacy automakers.
MBs ICE vehicles aren't great to begin with, their EVs are especially junk.
Tesla are likewise heavily discounting - especially in China, where BYD is dominating EV sales. Tesla is lucky Trump slapped a 25% tariff on Chinese EVs sold in US. Otherwise, MB and other luxury Euro brand customers don't buy on cost but quality; frankly, Tesla build quality is nowhere close to Euro OEMs
I agree to a point. MB make luxurios cars. You have to give them credit for that. They made that space their own. So if you want high end luxury in your car, an MB is a good option. To transfer that into an EV suits what MB is. But if you want your luxury to include high end software, then MB falls down. Tesla is well on top when it comes to computers and software and the option to have the car drive you some point in future. But even as a Tesla fan, I would not compare the interior of an MB to that of a Tesla. Its like chalk and cheese. MB needs to find where it will exist in the new EV world just as it did in the ICE world.
@zoransarin5411 Even Tesla's tech is way over-hyped; no lidar, for example; lack of driver screen in most models; no HUD; no bidirectional charging, etc... That all said, MB and BMW aren't making their lives any easier churning out terrible-looking EVs; a cynic would say it's a deliberate strategy for compliance purposes, while they milk the last of the ICE age (and realise full depreciation of ICE investments)... Toyota is a a bit of a basketcase strategy-wise, but they sold 10 mil cars last year (Tesla's sold 10 mil in its history); though, Toyota's not stupid, they'll be churning out reliable low-cost EVs well before decade's end as Chinese companies are already.
@@jarrodf_ Chinese EV sales like the Nio are doing poorly in Europe, and the Chinese Polestsar is doing poorly in the US. Tesla loses in traditional build quality measurements, but i own three Teslas and I've never had a rattle ... These are minimalistic tech cars that beat the competition in real world value
Unsold Inventories are piling up on most EV dealer lots and Tesla sales are decreasing as well, the honeymoon is over
OMG, like so much. My Mercedes local dealer, which is the one of the biggest in my state, has one in inventory. That's infinite percentage more than they had last month, which was zero in inventory. Meanwhile, over at the Tesla dealer, there is no customer parking. You have to park across the street at Walmart. The inventory has spilled over to the point where they are now parking them (illegally) in the side streets. Its a total sh8t show. My BMW local dealer now has one i4 and one iX. The custom order queue for 2024 i4's and iX's is nearly sold out.
Dude not sure where u r but here in Arcadia CA we have 70 in stock EV per dealer website. Also 11 bmw i4 over at the BMW Monrovia.
I'm just speculating. We may have reached EV market saturation. Ideal product for many people is almost useless for others.
We're not even close to that point. With improved charging infrastructure due to NACS adoption, along with more variety, better range, faster charging and lower prices as production ramps, EV growth over the next few years will be much higher.
@@jamespaul2587 "IF" they can achieve what you listed, yes. How do they lower cost significantly? I don't see that happening or even possible . Current battery technology is what it is and lithium is stretched as far as it can go. I think Tesla has a ways to go but I see little future in their truck outside current EV buyers. Ford, GM and the other manufacturers are already taking significant losses in this market and have openly stated they're re-evaluating that direction. Many current EV owners were able to enter this market because of tax incentives. That's not a draw for many and probably most consumers.
@@scratchsescape1978 cost will be reduced as production ramps, and as battery technology improves and falls in price. We've already seen substantial reduction in battery costs with lithium iron phosphate batteries. Tesla's continued improvements as they streamline production with giga castings, structural packs and other improvements will result in more affordable vehicles with comparable margins.
Infrastructure + Battery improvements are needed.
Also we might see blockade of Chinese EVs for anti-dumping allegations. The Chinese pricing would bankrupt everyone, so this is somethinf i expect will happen.
@@tz7710 The Chinese do kake money on 250 mile range lifepo electric cars sold for about 20k.
You can't get a civic in the us for that, it is about 30k. A civic.
Price still matters. Comparing the price of a Mercedes eqs to a Tesla model 3 tells you why the Tesla is the buyer's choice.
Why not ? Tesla is more premium car these days… and at least from interior quality perspective its perfectly comparable even with model 3 😂
Doesn't safety matter before price, with any vehicles someone purchases
@@adampaclt3252hardly a more premium car when 140,000 model S plaids still shake, rattle and roll with panel gaps.
@@dabulls1g Buy EQS and you’ll get the same.. Battery cost so much that they need to save money somewhere else.. interior of EQS is not worth the brand. Tesla is at least innovative.. they always try new things and ideas.. and always surprise.. They will own majority of the EV market anyway.. them and Chineese companies (unfortunately..).
C'mon - Tesla build quality is lower than almost any European/Japanese car...
The problem is trade in and resell value. Nobody wants to but a used EV out of warranty and with its battery health aging cause we know how much it cost to replace. Depreciation on EV's is high
Working people (90%) can neither afford the price nor the risk. It’s all planned economy but not by the people.
The bottom is falling out of the ev market and Mercedes is just one manufacturer. Battery powered cars? You can fool all of the people some of the time and you can fool some of the people all of the time, but you can't fool all of the people all of the time. It's nothing new.
The Mercedes/Geely 50/50 partnership is making the Smart #1 & #3 range. The motoring journalist agrees that the Smart brand has more kit than Mercedes at far less money. Geely also make Volvo, Polestar, Zeekr and Lotus. On their SEA1 & SEA2 platforms.
The same problem in Germany with EV's. Charging Energy too expansive, gasoil prices got lower last 12 months while Charging prices went up, too much handling problems (no roof&stuff) , too high prices, too much problems in winter.
About 30 % of ev owners will go back to gasoil cars. Much less trouble.
Let's face it... in the UK, certainly, you're going to need to get at least 10 grand off the price, so you can put that money towards the first insurance premium (assuming there are any companies left who will agree to cover Exploding Vehicles) 😂
I visited one MB dealer last week, and they have 0% interest rate PCP now on an EQS. Would still buy an Eletre, honestly.
The changeover to NACS matters too. Using an adapter is fine, but it isn't a luxury experience. Who wants to pay 100k+ and then have to use an adapter? It's going to feel like mixing oil into your two cycle weed wacker.
EV IS NOT THE FUTURE!
It never was
Mercedes PCP or PCH pricing strategy in the UK is insane. They are way too expensive and consumers are going elsewhere. They dug their own grave no go jump into it Mercedes.
Since the new Model 3 is still months out in North America its impact is minimal at this point (so worse is yet to come for MB). What’s hurting them most is the Model S & X price drops. The base Model S now starts at $75k. This matches the entry level EQE350 while having better specs than the EQE500 & EQE-AMG up $10k & $30k respectively.
And then there is a Model S Plaid that Motor Trend just reviewed calling it a better track car and more of a drivers car than the Taycan. All for $90k.
Things are even worse than this for the EQE SUV with the Model X price dropping to $80k qualify for the tax credit for a $72,500 base price for those who qualify. The EQE SUV starts at $80k & also qualifies for the tax credit. Again the base Model X has superior specs than the top end EQE SUV.
Yes, sir
I thnk they need to drop the Liberace interior style
TESLA CRUSHES THE COMPETITION IN QUALITY AND PRICE. That applies to Mercedes as much as the rest of legacy auto. People aren't going to pay more for an inferior Mercedes BEV. Thanks Viking and cheers!
Mercedes are failing with EVs but their cabins are still better than Tesla which is like the inside of a fridge. Mind you Mercs don’t have panel gaps !
Price sure, quality not even close. Tesla's have great tech, and the quality is there where it counts mechanically, but the paint, fit/finish, and interior quality are still miles from German offerings.
Wait for it...UA-cam Outrage over reporting the FACTS! :)
As soon as gas goes up to $6 a gallon usd those piles will dwindle.
Interesting to see what happens as VW and Ford have suspended production of EVs. Ford has also suspended the development of its Battery factory in Maine.
I believe GM have also joined the bandwagon.
MB, GM, Ford - they're all having serious issues selling EVs. Seems to me the number of potential customers who'll accept an EV is small and so the market is easily saturated. This is a serious problem for the industry.
It’s a good time to buy/lease an EV. Checked local MB dealership they had 11 on the lot. VW has 533 ID.4’s in a 50 mile radius. Tesla has cars I stock. I know someone who was allowed to test drive a MY for the whole day and bring it back in the morning. They even tested the Supercharger!
Our Audi dealership is loaded to the gills with EV's. probably 2/3 of the entire inventory.
@@waynewallace2061 Lol
Yea, Tesla sales also plummeted. Overall EV market is down. Best time for leasing anything offering 2 years free charging.
I'm wondering if this was click bait. It would have been appropriate for you to provide a link showing the 25% discounts.
You have to have reliability to encourage repeat sales.
They aren't selling mainly because of the prices. I truly wanted to get an EQS, but after test driving it, and coming from a Tesla Model 3, the benz software and functionality lags way behind Tesla. At this point it looks like I am going to get the Model Y or the BMW. The bottom line is, Mercedes prices are way to high for what you get.
Just like Ford, GM, and other EV makers, Mercedes Osborned themselves by offering the NACS (Tesla) charging system in 2025. Distress associated with the non-Tesla charging 'system' in North America is palpable.
I played with the configurator of the EQE 350+ long range. The WLTP range is great but those prices. 😮 Add options and price goes up by the thousands. And it’s already a lot more expensive compared to a Model 3 in stock form.
Can't compare M3 with EQE. It's at least one class higher. 50% higher price is well worth. Just do a test ride
It is not just Mercedes that is having sales problems, local manufacturers like Ford, have over a years supply of Mach E's on lots, GM stopping production, etc, etc. EV's just don't work and the public have realised Hybrids are the way to go. Now proven that full EV's are impossible to live with under normal circumstances. All right if charging at home and just doing local runs with returning home at night to charge. The moment goes away from reliable charging, it becomes a nightmare of slow, broken or just plain busy charging stations where it takes hours to even part charge. Plug in Hybrids, or standard Hybrids have proved that this is the answer. If all vehicles Hybrids, fuel usage, and therefore greenhouse gas emissions would be cut by up to 75%, and this would be a great improvement in the short term, eg to 2035, than we currently have.
Hilarious comment about the cheesy design of the Merc appealing to big gold chain wearers!
Totally get that
The German work force don't do EV's for a start
The problem with EV’s is that the battery pack represents 40% of the value of a new car. When that car is three years old, the cost of replacing the battery pack can be more than the value of the car.
Who on earth would risk buying a secondhand EV?
First, these manufacturers were pretty much pushed into increasing their EV offerings by regulators. Second, all of these traditional manufacturers made a huge mistake estimating longer-term EV demand. They mistook early adopters who either wanted the “cool” factor, or else had a use for an expensive commuter car without worrying about range anxiety from one used on linger trips - for much broader acceptance by the marketplace. The growth rate is slowing rapidly and the more people that experience EV’s, the more people sour on them.
The reason these luxury manufacturers are building EVs in the first place is mostly due to government pressure to be Carbon Neutral. As a MB employee I can see that most have a plan to be neutral, which does not mean fully electric, but rather neutral in the amount of carbon emitted by ICEs. The largest challenge that manufacturers are facing is “range anxiety” Tesla is not considered a luxury brand just an advanced tech car with zero luxuries. THEY ARE NOT EQUAL and Tesla had to significantly reduce their prices because they did not offer anything to be compared to a luxury vehicle in relation to MB or BMW.
So I will disagree with your proposal. However, you do bring some good points about the market. Best!
I own two Mercedes, one gas, one EV. There is no way I will ever buy another. What a nightmare. They are so unreliable and stupid expensive to repair. They are fantastic to drive, beautiful inside and out, powerful, quiet, smooth riding cars that work great for about 30,000 miles if you're lucky.
Viking, you are very accurate with your analysis of ownership of vehicles in the pecking order of which one inspires to own. I as a penny pincher will spend all of them on the best product available. As far as I'm concerned TESLA is the best value. Maybe not as posh as some competitors a vehicle that is built and designed by rocket scientists is the investment one should make. Thank you for providing me with all the information I need to make a clear and proper decision.
Were they the same rocket scientists that designed the Semi ? A truck that looks like it could be a complete duffer . Nobody that I know in the freight industry can even take it seriously
I wasn’t aware Space X merged with Tesla /s
@@Caviclade ELON ... + Many people from space X went to work for TESLA many years ago. This is public knowledge. I hope this helps you understand.
@@harmony3138 a silly thing that will never experience dings &dents that you get in every parking lot. And if you ever had The misfortune of experiencing road rage, you can sit back and watch your infotainment system while you wait for the police to arrive. It may not be your cup of tea, but safety and performance is a necessity in the vehicle you purchase. I wouldn't trade safety & performance from a silly looking vehicle.... Says you, Over my family's life or my own for that matter. Having luxury vehicles & high-end pickup trucks . Not having to be concerned about scratches on the paint job or criminals easily breaking the windows to access my belongings. This vehicle grew on me very rapidly. You continue to look good in your cool vehicle and I in my CYBERTRUCK will too .
@@JustPullthePin Elon is the CEO of both companies, what rocket scientist’s work at Tesla? Names? Sources? You make it sound like a team of Rocket scientists went from working on rockets to working in cars. That seems highly unlikely…
The reality is maybe starting to sink in. In the US for every 100 cars being made only ten buyers are interested in EV. And with Tesla making up most of those sales you are looking at incredibly small numbers left over. Merc, VW, Ford trying to capture those tiny amount of buyers, something as to give and cars will stack up at dealers, there simply aren't enough buyers interested.
It’s end of year promos. I just got a huge promo on the SL63. It’s not just EVs. Minimise stock for year end closing.
Small correction ALL EV’s are not selling, you cannot give them away 👍
Certainly EV sales in UK are in trouble
Since a family cant live with just 1 car or 2 EVs cars , Mercedes should sell them in combo 1 ICE + 1 BEV.
I’ll have a cherry Coke, no ICE.
Great video. I love Mercs and have been with the family since the late 80's with the W123. I'm from SEA and in a country where the electric grid is nowhere near enough to sustain the energy requirements of every household, how did MB expect to penetrate this market? I remember when Mercs were selling well with C and E Classes during the early naughties. Now it's more of the cheaper products with inferior build quality and engines at a higher cost. IMO they've lost the plot.
Electrification has been the great equaliser for brands other than the legacy brands. Someone with an upcoming MG4 XPower($60,000) would probably smoke all non-AMG offerings.
Produce one car less than the market wants. That is true for all manufacturers.
My point of view and open to feedback. Many people might be considering buying an EV is like buying an early iPhone (slow, lacking features). In few years, more range will be available for less price. And we may see this when the solid state batteries revealed by Toyota.
EV sales are plummeting everywhere as people wise up 🤷🏻♂️
Electrification of vehicles reduces the differences between cars. Luxury cars are in trouble generally because Hyundai and Kia and Subaru makes cares that are at least as good as expensive German cars. But at a fraction of the price. And a fraction of the depreciation. As the Viking has just said the performance between electric cars isn’t significantly different enough to justify the extra price as is the case with ICE cars where the powerful AMGs justify the additional price.
love it the electric Viking is a guy living in Thailand previously Australia (who hate EVs) and he doesn't have a ev himself. lol
I choosed the Tesla MS over the EQS because of two things:
1. No frunk
2. Bad design
Now I will sell my MS and get back to Mercedes. The Tesla-Service here in Germany is so incredible bad, for me it is not acceptable.
If I was to spend on a new eV car and it had to be an everyday I'd just get the cheapest that suited my needs and with any money left over would buy an older ice car that was fun, I don't see any real difference between a cheap eV and a top line eV, both will do the same function of going from a to b, however with an ice car you can see more where the money has gone and the noise or performance changes and how it drives too. That being said most eV will be quicker but as humans we like emotion feel and individuality, an eV is just a box for a purpose with no thrills and once you have driven it quickly it then just becomes boring, I have driven a few now and love going back to an ice car every time
Very good points
Why the Frunk are you drooling over EVs on this channel?
Excellent review on EVs. It's simple agree we need to protect environment but majority do not understand why buying an ev will save the environment Government must work with scientists to bring up air purifying plants based on pollution area..the knowledge and machines are available Government just need to provide incentive to those machines
New Electric Citroen e-C3 - A 320km EV for €23,300!
Nevo EV Review Ireland
15.7K
One item to add: Electric scooters, 1 per person. Hook up to recharger, go for lunch, com back to charged vehicle.
Wow!! I never expected that. I see a TON of EQS sedans and EQB SUV’s in Vancouver. However I’ve probably only spotted maybe one or two EQE sedans and never ever saw an EQE SUV. Vancouver being one of the highest adopters of EV’s in Canada, perhaps this can be an indicator.. regardless, dealers here in Canada tend to be hungry for used vehicles still over new.
It seems those who really wanted those cars and could afford them at any price have bought them. Regardless of Manufacturer, Mercedes, Tesla, Ford, Lucid etc.
As this global recession grinds on, interest rates rising. Savings of even the most stingy being depleted. Those who relied on debt to buy whatever they wanted, can no longer. Add on the fact the last few years of dealers selling New and Used vehicles at 100 to 180% Loan to Value. It had to stop sometime.
Some brand needs to come out with a 4 seater with a new standard of increase leg room and a plug that a owner can buy a 35kg battery to plug in and pull it out when you don't want it
Friend just got EQE and has regretted it. Software bugs is a major issue.
Did you know that you can steer an electric car which has 4 motors without the need of a steering wheel - just by regulating the speed of each motor individually?
that's chill
There's a famous World War II bomber called the "old 666" and the pilot, Jay Zeamer, jr. steered back home that way after they were attacked by between 17 and 20 zeros.
@@macmcleod1188 The Fat Electrician is the man.
@@hangemhighholidaylighting6902It's possible with all 4 motor BEVs...but the Rimac Nevera is the most advanced one regarding this. But not really an issue to do this even in a $20k BEV as well.
Hmmm. What OTHER EV manufacturer has recently cut prices? The Electric Huckster said Tesla was brilliant to do so.
The main problem for Mercedes is, that they denied making their ECs better thank their ICE cars.
This was because they want to earn more money with ICE cars.
Therefore the other manufacturers which did not cut down the advantages of EVs, are better now.
the only big sales numbers for EV's are generated by the company cars and the fact that company's just don't even have a choice. I would think by now the largest orders have been made and so the sales are dropping.
Tesla dedication to ev created the supercharger network what has Mercedes, BMW and Ford and the rest of them done?
I heard that Mercedes is going to partner with Nio in EV segment?
They already work with Geely. A decade ago M-B stopped working with that other EV company… who was it? Oh! I remember- TESLA.
@@FrunkensteinVonZipperneck And Mercedes worked with BYD few years ago.... 😂
I’m sooo glad good old Mercedes-Benz is pulling the plug on the EV craze. ☺️☺️☺️
After this faux pas, and knowing Mercedes, they will probably come up with some outstanding new all-Internal combustion engine lineup when the new design cycle begins in around 4 years time, to make up for the blobby EQ series flop.
They're buying Tesla mod Y , it looks and is a superior vehicle which looks years ahead and every bit the part😊
There are less and less reasons to pay a premium for EVs. The relatively low priced EVs from Tesla and Hyundai are just too good for the price. And Fisker, Polestar, Zeekr and BYD are coming to Europe next year...
Bad weather forecast for the German big 3.
As of now, there are 120 new EQE SUV in stock according to Mercedes new sales page. Good luck to sell these at 110+k€...
BYD is already in Europe
As a premium brand which entered the ev market way in advance (think smart branded cars), I can't believe they made the eq line. So unappealing to potential customers. No wonder all these excessive inventory.
Wasn’t the “Dutch oven” blamed on a Mercedes EV?
Love the way he failed to mention NIO 😅😅😅
I cant speak nfor the rest of the world but the interest rates in the u.s. are holding people back from making a big purchase. Whats it like in the other countries if u in the comments live outside of the u.s.
I got an EQE as a replacement for my Model 3 since I was looking for a more comfortable car. Tried the Model S but the feeling was so cheap and bad compared to the EQE that made the S a no-go for me. After a few weeks with it I have to say the software on the EQE is MUCH better than what I had on my Model 3. The nav is able to make routes through non-Tesla chargers (which was a nightmare to do with the Model 3... as Tesla was so much expensive compared to other providers, not anymore these days tho), Plug & Charge works perfectly in IONITY and other providers, it preheats with third party chargers! (The Model 3 is unable to do that!) and the representation of the exits and so is much much better than in the Tesla. The only thing I miss a bit from the Model 3 is the almost instantaneous app... In the EQE the app is a bit slower which is a bit inconvenient sometimes. Apart from that... a super-b car.
Are you in Europe or North America?
@@karlmiller5009 Europe. I understand that America is a completely different situation with the state of CCS chargers like Electrify America, NACS, etc. Here providers like IONITY have deployed a really convenient and extremely reliable charging network
How's software updates going with Mercedes? Or do they still do a sell-and-forget business model? If so, the Mercedes EV management board should be fired wholesale.
I like Sam, but I have no idea where to find these discounts. I was at my Mercedes dealer yesterday to test drive their EQB. There were no discounts to be had except the $7,500 rebate on EV leases. And the time each vehicle was spending on the lot is very different than the numbers reported by TFL that listed the X1 as being the vehicle sitting on dealers lots the longest.
Hyundai is no longer a brand to be laughed at. They’re absolutely KILLING it nowadays. Especially in Europe
There is a nuanced point that does not often enter the discussion around the economics of EVs, which is that EVs are naturally inflationary. This isn't a problem with EVs, but a problem with the way that the economics of the current world does not properly price pollution/emissions (and their effect on climate change).
It is a fact that owning an EV, no matter which brand it is, requires a lifestyle change on some level. Beyond just dealing with basic recharging for the purpose of driving, owners also have to do things they did not have to consider with gas cars, such as thinking about how the range would be affected by temperature, or dealing with a cabin that heats slowly in the winter. These are costs. They are not monetary costs, but they are economic costs nonetheless. Furthermore, actual monetary costs, such as savings on maintenance or fuel, may not materialize depending on your location. Public charging can be expensive, and even residential electricity can be expensive based on your location.
In a complete economic reality, where pollution/emission is properly priced, the additional cost of EVs (both monetary and non-monetary) should be made up for by a comparable increase in monetary cost on ICE. However, because current economics do not apply full cost for pollution/emission, ICE cars are in reality "cheaper." And by cheaper, I mean both in a monetary and non-monetary sense. They are, to a buyer who is not consciously considering pollution/emissions in their purchasing decision, both monetarily cheaper and more "convenient" by not requiring a lifestyle change.
The reality of this economic situation manifests in unacknowledged problems with the EV market that traditional automakers are somewhat failing to deal with. Manufacture of EVs has higher monetary costs, of which a portion must be inevitably recovered from the purchasing price. This is why EVs have higher starting prices. The other portion of the costs can only be made up by reducing margin, or attempting to reduce costs. Most traditional automakers are not able to sustain continued unprofitably by pulling all their costs from their margin. As a result, they turn to cutting costs, which is directly reflected in the products. This can be seen in that most EVs, in a given price point, have worse interior materials, upholstery materials, and general apparent quality than comparably and often even lower priced ICE. The combination of higher upfront cost, lower apparent quality in the product, and non-monetary costs like required lifestyle changes, then you have the definition of "inflation."
The market responds to inflation when it sees it. Marketing and hype cannot overcome economics. There is only two ways for automakers to overcome this. The first is to improve productivity, which lowers costs without decreasing product quality. Tesla is king here, and other automakers need to learn from them. The second way is to provide, in real product quality, the worth of the higher cost being charged for the vehicle. By this I mean an EV must be worth both the higher upfront cost and the non-monetary cost. The only way to this is through design and improving general apparent quality. The customer needs to see that they are paying more for more. The economic reality for customers currently is - when you remember that a customer is not considering cost of pollution/emissions - paying more for less with an EV.
I have driven and owned both the Tesla and MB. Without question, the MB is wayyyyy nicer. It has such quality. But, it misses out, in a big way, in charging convenience and in autopilot. That is a better solution for me.
I've read and heard of the stockpiling of MB electric vehicles. Stockpiling such as this should = lower and more competitive prices, especially in the 2nd hand market. Imagine my surprise and disappointment when I hot-fingered over to my local online car market and found this is not the way things are. There is no significant discount on MB electric vehicles as far as I can see. Apart from that, any EV costing 100k euros really ought to have at minimum a range of 500 km.
The EQE has a big issue. The price. I looked at them for a new company car, but at 92000 euro’s it’s not worth it. The EQE SUV is 120000 euro’s.
For me the tesla also isn’t an option. I really don’t like them. As it stands, for an EV, I am most tempted by Polestar.
More power and more performance only if you pay a subscription fee. This one the big issue for modern cars too. Also repairability of an EV when you out of warranty. That's, probably, why used EV market is almost non existent.
Talking about interior my friend love the Interior of the EQS and he consider one of the best interior. As for me its decent and definitely better then Tesla,s interior as its way too minimal and simple, and the screen is not integrated with the design of the dashboard honestly I prefer the design of the old 1st Gen Model S.
EV problem - redundant statement
I wonder what the actual depreciation will be. Luxury brands depreciate massively, and quickly. Overly complex, they usually become more expensive to maintain and repair. I'd expect the EV versions might actually have lower cost-of-ownership over time.
@SimonWebbRCandModellingChannel Or - by the time battery replacement becomes a necessity, the new tech will have twice the energy density at half the price of the original.
Porsche Taycans drop like a rock. For some reason, electrics just feel more disposable than ICE cars, and the resale market is likely to be weaker.
So.. Overpriced... Not selling.
Think I might have an idea about why that is🤔
I have driven EQS, tesla, BMW I4 and regular s class. EQS is leaps and bounds better car than tesla and bmw, but if you love regular s class you dont like EQS.
And that is the main problem.
23'EV are pike Windows 95...Consumers want Latest Technology....
Come 25' may have Solid State Batteries 10 Min 80% charge.....
Having looked at an EQC I was very disappointed when I asked what storage space they have under the bonnet (I.e. frunk). All they have done is shove a big electric motor there, no refinement, no leveraging the ability to shrink everything like Tesla has done. Very disappointing. Tesla is years ahead.
This is an opportunity to innovate and they haven’t . I also agree that their styling is a bit suspect.
Used to buy Mercedes but nowadays I’m not really interested in ‘luxury’ as in toys in the car to play with hence using a tesla, functional, innovative with a decent range and a proper charging infrastructure without the eye-watering pricing of other charger networks.
Using our home Solar with the very occasional top up via tesla chargers we move down the road for about a penny a mile instead of our neighbours (diesel) who do the same trip for about 14 pence a mile, or £140 per thousand miles against our £10. Even if we have to double up to 2ppm we will still only pay £20……really expensive these electric cars sort of go now, pay later or pay now go alter over a ten year period electric will win every time
But how many pence per mile are you paying, in depreciation. You may loose 15,000 pounds on resale. The diesel owner may loose only 3,000 (maybe it's a second-hand car). So suddenly the EV turns out to be way more costly to run..
@@tomlewitt resale ? This is a ten year investment, hoping to drive our EV into the ground, not really interested in selling it…what would I drive then
It is a good idea to invest at least A LITTLE into Tesla. Doing that doesn't mean that you're wishing a painful death on Tesla's competitors. And Farley at Ford knows this obviously.
On Mary Barra: She has her money. And she did more to push GM in the right direction than anyone else. So mow she should let somebody else help GM take the next step imo. I DO appreciate how she pushed for GM to get in to electric. Without giving her a total pass on everything, would GM have ANYTHING electric if she didn't insist that they build EV's ?
The “slightly higher price point of manufacturing EVs”? Is that true?
Rising EV sales mean nothing if many car builders lose 20 or even 30K per EV sold.
Sam you should do a video on the base polestar 3 vs vase eqs vs base IX vs base etron q8 Price / range / HP / torque / battery size. Would be a great video
Polestar is the only valid EV - so no comparison necessary.