The Price gap between EVs and ICE cars Is rapidly approaching zero...

[@electricviking]

Click here to get a free charger and installation when pre-ordering the G6 xpeng.com.au/?qr=726XPO The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking

[@filippoleombruno8624]

My electricity bill was$1.33 for the month which includes around 1200km of driving!!

[@notthischannel]

First month I had my EV, my bill went up $4. I was paying close to $140 to $160 for gas a month.

[@dianewallace6064]

Huzzah!! I bought my Ioniq6 for 38K in North Carolina USA a year ago. AWD. Best bang for my buck that I've found.

[@Truecolors326]

Haha I bought a new 2008 Toyota yaris for under $11,000. You paid almost 4 × what I did. Bang for your buck lol

[@christopherj2231]

@@Truecolors326 2008 is 17 years ago dopey...and you will have paid around $20,000+ in gas during that time...Diane charges her car for free off the solar on her roof perhaps?

[@L.Akshay-x9y]

@@christopherj2231is your solar free to install ?

[@Sfvgggggghhbbbnnn]

@@Truecolors326 you will spend another $10000, on maintenance , break pads , oil change springs , belt , radiator EVs does not need any of the above , Break pads are never used in EVs, motor runs reverse and slows the car, meanwhile charges the battery and saving more fuel there Win win situation If you have the solar, it’s like having your gas station in the home , you save monthly $200

[@kng128]

@@Truecolors326”a new 2008”

[@frankcoffey]

EVs can't help but be cheaper to make. Parts count alone will get you there and the battery is the only expensive part so as it drops so does the entire cost. Production is also easier to automate.

[@freethinker4991]

It was reported in the usa on 11 Dec 2024 - Lithium-ion battery prices have fallen 20% to US$115 per kWh this year, going below US$100 for electric vehicles (EVs), BloombergNEF said. This suggest that this year EV will be cheaper then ICE.

[@frankcoffey]

@@freethinker4991 Automakers still have to incorporate the savings in their production line so it could take a while. If they made bad deals for supplies that last years they won't see it.

[@grantbuttenshaw]

@@frankcoffey they are not cheaper to make...they are significantly more expensive....what makes you think they are cheaper?

[@grantbuttenshaw]

@@freethinker4991 this suggests nothing of the sort....all this suggests is that EV manufacturers will make less of a loss on every single car sold..

[@kng128]

@@grantbuttenshawTesla lost money on every car sold for several years. Factories and supply chains cost money to get going and then are amortized over the sales of the vehicles.

[@richardjankosky4586]

Totally agree! If there were zero tariffs on china EV’s prices would be way lower.

[@burnttoast9890]

No , there should be some tariffs or a lot of people will loose jobs

[@thystaljaard7607]

Our nation's economy would be wrecked almost overnight is that were the case. If China is kind they will build here replacing the Germans, being part of BRICS.

[@zen2135]

Agree; however they will loose the jobs either way if your closest competitor can offer a better product with such high tarrifs. Example: Inchcape Motors (local BMW dealership) is now also an official BYD dealership. BYD Seal U is listed at 38k eur starting price or as per KZbin ad: "318eur/month, 1050km of electric range"

[@jamesvandamme7786]

Detroit automakers would go out of business.

[@freethinker4991]

@@burnttoast9890 A lot of people will loose jobs because of Tariff in the USA. You don't understand how Tariff work and how long it will take to change the direction of the auto industry because Of Trump and Tariffs. For the last 4 years US auto have been investing in EV and have put $B in new equipment to build them. Now Trump has thrown a spanner in the works making all that investment worthless. Trump has effectively destroyed the US Auto industry and a lot of people people will loose their jobs.

[@ryanharper5423]

In my country Trinidad and Tobago we have zero tariffs on EVs but still the price for a BYD is about double the price in China.

[@thyristo]

On the long run BEVs are already way cheaper if you really take all costs into account.

[@JBMP-mp7rm]

In Australia the average age of a car is more than 10 years. (11+) If you drive the 20,000km average, then moving from a ICE to EV will save $2000 a year on fossil fuel. $20,000 plus over the lifetime of an EV. China’s faster EV uptake will make huge savings as a country, which will propel its economy. Europe not moving to EV’s fast enough will in the end cost the EU a massive economic handicap. The US? WHO can tell? I’d say the EV story is not about transportation. It’s about the rise and fall of Empires. Sam, keep the numbers flowing.

[@BatkoNasBandera91]

Whats wrong about that calculation is that europe is relying on its car industry

[@ZweiZwolf]

@@BatkoNasBandera91 roughly HALF of Germany's GDP is tied to exports, and cars are a big part of the profits.

[@grantbuttenshaw]

Bro...China sells every single BEV at a loss .. They also sell every single solar panel at a loss....it's not driving their economy...its killing it .

[@jonathoncalabrese2035]

At least you outed yourself as another sheep

[@grantbuttenshaw]

@@BatkoNasBandera91 china is relying on theirs more

[@thejakester887]

I love all this info and agree, just bought a Model Y, but if you talk about the tariffs on EV’s etc, then probably have to mention the carbon offsets. Petrol car brands are paying Tesla around $700,000,000 a quarter, then have to make that back.

[@bigskygeneration4474]

Ya Sam, "average" is one of the worst statistical metrics. Using "median" is much better. As the old metaphor goes: There's three poor people in a room with an average wealth of $100. Warren Buffett walks into the room and now the average wealth is $10 billion.

[@zes7215]

wrr

[@lundi44]

I’d argue median or mode is superior to the mean for the example you’ve given. But of course, this will always depend on what the data or measurement spread is/looks like for the population or sample.

[@budgetaudiophilelife-long5461]

🤗 THANKS SAM ⚡️⚡️⚡️

[@stevewhitmill2037]

In the UK, Sam, most people can't afford them.

[@slimhanson5792]

Get a Chinese made EV dirt cheap.

[@bythebook2936]

Dead right. I need to get my Audi 2.7 TDi sold on and buy an EV. My issue is UK is very expensive to buy EV and we have the luxury tax at £40k as well. I can afford the monthly lease cost but not the 12 months up front and £1500 for a 7kw home charger

[@TommysDaddy]

In the Uk, my wife recently bought an EV . . same price as a similarly aged ICE equivalent , maybe less. . but of course, second hand. She loves it ! & as we have solar at home, it's dirt cheap to run ! She wouldn't have considered it (I was the one researching EVs), but someone ran into the back of her old car & it was a write off . . with the insurance money she said " I think I'd like an EV" & it's been a good decision !

[@GruffSillyGoat]

Used EVs are much cheaper, for a higher spec car, than ICE models in the UK. This is whilst demand for BEVs has increased, with Cinch reporting used sale BEV growth of 311% and BEVs leaving their yards 26 days earlier than ICE cars. As to new cars, BEVs often have lower finance rates and lower deposits than ICE cars as the automakers are promoting them (like they did for Diesels in years gone past), plus many individual buyers access their BEVs through personal lease or salary sacrifice much more cheaply than an ICE car. So it seems whether new or old, BEVs are cheaper to access than a ICE car of a similar spec.

[@Rizzler420-uh4yd]

Poors

[@edwarddejong8025]

Sam is 100% correct. On my street the last 6 cars purchased were mostly Tesla's. Here in CA we have a 10% sales tax, and when you get offered a $7500 tax credit to buy a new EV ($4k for used), this makes EV very competitive. New cars are quite expensive, and in the 40-45k range you can get a better EV than ICE vehicle. However 45k is not affordable to the bottom 35% of the market, and by dropping low end products the car companies have created a situation where they are not serving all tiers properly, and there is a huge vacuum that someone is going to fill. The Ford Maverick started out at 20k and was a huge hit, but has had its price raised to basically 30k or more, and therefore left the low end. There is only a handful of cars below 25k. Sadly we need a basic car that is not a piece of junk.

[@RayVanessa-p2d]

25 corolla 26k after tax

[@nguyenhanh9479]

@@RayVanessa-p2d if you are poor and hate your life then buy a corolla.

[@nguyenhanh9479]

@@RayVanessa-p2d if you are poor and hate your life then buy a corolla.

[@edwarddejong8025]

@@RayVanessa-p2d Sorry, but here in California, you have the following fees added to your lease: StateTax $1000 / CountyTax $217 / SpdsTax $521 / Doc Fee $85 / Electronic Filing Fee $33 / Tire Fee $9 / Acquisition Fee* $650 / Alt Fuel Tech Registration Fee $3 / Auto Theft Dui $34 / Abandon Vehicle Fee $1 / Chp Fee $32 / County Trans. Project $10 / Reflectorized License Plate Fee $1 / Registration Fee $71 / Safe Fee $1 / Tif Fee $129 / License Fee $200 / Current Smog Abatement $1 / Alt Fuel Smog Fee $8, which adds up to probably over 3k on pretty much any car. If you purchase the car you will have at least 4k added, not sure what state you are living in that only adds 1k to the cost of a 25k car. Almost impossible to get a Toyota below 30k nowadays. The Camry Hybrid is probably the most car per dollar you get in USA in 2025.

[@RayVanessa-p2d]

@ Cash purchase from toyota dealer in New york $26,305 est. net amount due* $0 cash offer included Taxes & Fees included. Start Purchase Confirm Availability Total SRP* $23,609 Dealer Price Adjustment* $250 SmartPath Price* $23,859 Trade-In Value Skipped Optional Accessories* Select Protection Products* Select Taxes & Fees in10913 zip code $2,446

[@mrzack888]

Happy Chinese spring festival!!

[@marcdeluxe4482]

EV‘s are already cheaper in europe! At least Tesla‘s! If you compare a base Model 3; it‘s roughly 40k€. If you want an ICE car, with similar acceleration, driving assists and leather interior you will pay 60-70k€ for a Volkswagen or BMW

[@Janne-o2i]

EV speeds on the highway is typically just faster than the trucks. Just about every other car passes them. Very seldom do I see them pass anything except the trucks and most of them do not have leather seats they have vegan leather which is more related to oil or plastic if you will. No animal products there....

[@bofomalsi4146]

Some Tesla models have serious rust issues according to a report from Norway. 25% of Teslas failed the yearly inspection in Denmark.

[@MalcolmRose-l3b]

€40K is probably €10-15K more than I'd want to pay for a new car. Teslas are impractical for Spanish urban areas where I live and from what I've read their build quality is pi** poor. I can drive - I don't need "driving assists". And I'd prefer not to buy from a Fascist.

[@FairlyOldGit]

@@bofomalsi4146 Do you have any links to these stories?

[@bofomalsi4146]

@@FairlyOldGit Hi, the links are in Swedish Maybe you can do Google translate.

[@WeOnlyWantTheEarth1999]

Just a shame that said cars are not cars anymore but all "competitively" premium crossovers and SUVs

[@MalcolmRose-l3b]

I was looking at the new Renault 5 and it ticked most of my boxes - €32K here in Spain, and Renault "lend" you the €7K "moves" discount (in Spain you don't get the subsidy at the point of purchase but some time - possibly years - later. And it's regarded as taxable "income") which knocks the price down to €25K. And that certainly isn't an SUV or crossover.

[@jamesvandamme7786]

@@MalcolmRose-l3b I would buy that in a second in the USA.

[@MalcolmRose-l3b]

@@jamesvandamme7786 If it were a Toyota Yaris EV, I'd buy it in a heartbeat. When I was looking to buy my first new car back in 2017 I looked at EVs but there simply wasn't the charging network here back then, unless you drove a Tesla and just stuck to the motorways - now it's getting much better. So I bought a little Yaris Hybrid (€18K and at least €10K cheaper than the most basic EV model) and I love that car - great mileage (4.3 litres per 100km / 65 miles per gallon UK / 55 mpg US - at least when I drive it - my wife has a heavy foot), reliable so service costs are minimal. It's really a great car - if Toyota made an electric version I'd buy it in a heartbeat. I really don't want to switch manufacturers if I can avoid it. I've already got the solar panels with surplus power at home, Toyota just need to step up with a car I want. Unfortunately they keep screwing around with SUVs instead.

[@kenvalenti5414]

The greed of WallStreet & America's car companies don't want affordable cars.

[@clivestainlesssteelwomble7665]

They dont want affordable electric cars because they and the FFuel lobbyist have spent a fortune defending their out dated dinosaur 🦖🦕 juice based technologies and profits....oh and exec bonuses. Instead of investing in change and the simpler cheaper tech .

[@brianp7022]

They must ultimately end up cheaper to manufacture.... ICE vehicles have an engine which is a complicated mechanical item with 100s of finely adjustable parts... The tech argument in relation to EVs doesn't hold water either - they're are probably as many computers and modules on a top end ICE vehicle as an EV... A motor (or 2)..minimal bearings, transfer box and out to the wheels.. And that's it-obviously the battery and we have done battery degradation to death and it's nowhere near as bad as people initially feared. EVs are quicker to assemble as they're are less parts to adjust /set up... The price is only high now as they aren't making that many as compared to ICE

[@Stormchaser-t6e]

Yes, an ICE has many moving parts, but it is still a very reliable engine. There are one and a half billion ICE cars travelling on the roads every day.

[@brianp7022]

@Stormchaser-t6e absolutely.. But you can't compare an ICE to a electric motor.. Infinitely more reliable. Plus, low maintenance which ICE are not. This all depends upon if course whether EV manufacturers make a quality product in the 1st place! The longevity of these vehicles is mostly looking positive ☺️

[@samijokinen9246]

Yep, it is not about climate even in Europe, but local manufacturers and their profits in Germany, France and Italy. It is always the same old story. They claim to be environmentally friendly but for some reason 💵💵 they are going in other direction.

[@dopeleracad1454]

This issue is more complex. Trump says he'll make China pay by putting tariffs on Chinese EVs. In reality he is making US consumers pay because tariffs simply increase the price of cars in the US. Australia has no tariffs on EVs so we benefit from cheap imports but that only works because we no longer have car manufacturing in Australia. So, really the US is trying to protect the jobs of their inefficient car industry. Ultimately, The US will either have to make their car industry price competitive with China or they will need to shut it down.

[@iWantPeace838]

Populist politics vs economics. You guess who wins?

[@warheadsnation]

@@iWantPeace838 The US auto industry is already dead overseas, except for those last dregs being extracted from China by GM. That's why they think they can get away with tarriffs.

[@collegepros]

I really wish a couple of the Chinese car companies would build some factories here in the US and flood the market with quality EVs and prices would drop across all EV companies here. Especially, if they could use more robots to offset labor costs. We don’t have enough competition in the US.

[@ZweiZwolf]

That won't happen because there's too much risk of made-up sanctions.

[@gobot109]

I bought a new 2024 equinox ev in Dec 2024 for $22k. Trade in was $9.5k, the rest was incentives. $0 down, 0% financing. Extended warranties included.

[@gobot109]

Sticker was $46k.

[@carzombieeatery3216]

Well, the ICE Chevy Trax SUV starts at $21K, and as Sam would say, "sales skyrocketed" in 2024.

[@larijoona]

I hope the Chinese cars flooding the aussie market don't turn into a disaster for the consumer. Let's say a number of the manufacturers go bust because of brutal competition. Now one might have an expensive lawn ornament without a warranty or service available.

[@grantbuttenshaw]

This prediction is guaranteed

[@alskeiuthn]

Buy from a big car maker like BYD. Bigger than Tesla and far less likely to go broke.

[@scrambaba]

Fair comment. Go with the best you can afford from an established company.

[@geotard]

Like a Holden Commodore or a Ford Falcon?

[@cutehumor]

Been waiting for ev new car prices to come down since 2018. Bc of lower battery costs. Looks like they go up due to inflation instead of

[@markvalery8632]

That applies to EU and US EVs.

[@johnarnold6847]

😅1. Manufacturers stop making affordable cars- a hang over from chip shortage during COVID. 2. EV’s require greater efficiencies in everything. So new designs, new tooling, new manufacturing methods. 3. Legacy auto has not yet sold EV’s in the needed volumes to pay for all this new tooling . Legacy auto is a widows and children stock-they have to pay dividends because they are too big to grow. Also they have a lot of debt.

[@warheadsnation]

If you haven't noticed, the fossilmobiles get more expensive too.

[@EVinstructor]

Did the report base its findings on list prices or prices paid at the dealer? Here in the UK it’s possible to shop around for a discount on a new car, ICE as well as EV. A lot of UK car dealers will deliver anywhere in the country. Any comparison should be on the prices cars sell for after discount. Also it should take into account finance costs because most new cars are bought on credit and finance rates vary enormously with manufacturers deals. I bought my 4th EV 3 months ago, an MG4. There’s a lot of them about here and I wonder if MG are trying to flood the market. It took very little effort to get 27% off of list prices of the most popular specification on a car available immediately.

[@vincentcausey8498]

There are a lot of comments which repeat the idea the BEVs are much less complicated than ICE cars so must be cheaper to make. This is simply not the case. A BEV is differently complicated to an ICE, not less complicated. The ICE has a complex drive unit but a simple power supply consisting of one part - the fuel pump. A BEV has a simple drive unit but a complex power supply. A BEV battery is not a simple thing at all but is packed with circuitry to manage charge and discharge balancing and even the cells themselves are not simple. In addition there are other power electronics such as inverters and rectifiers, because the current is converted from DC to AC at some points and then back from AC to DC again for reasons of efficiency. That is why they cost more to make in any given country. If you try and compare the prices of Chinese BEVs with German ICE cars that would not be a fair comparison. You have to compare like for like - German vs German, and when you do you come to the conclusion BEVs cost more to make.

[@jamesvandamme7786]

Somehow I don't think you are a manufacturing engineer, nor have you ever tore apart an engine nor automatic transmission.

[@warheadsnation]

Except German engineers worship fossilmobiles and don't know how to make LFP batteries. So let's get another country to make a BEV vs ICE comparison.

[@kevinforth7618]

Love my Cadillac Lyriq. Would buy it again.

[@dennisberry9518]

I have a 2024 Lyriq and love it, great car!!

[@Sloth_girl-z2h]

Will be interesting to see in US as Cybertruck sales fall off and discounting will have to come in to clear stock.

[@freeheeler09]

Sam, we keep being told that battery prices are coming down. But that doesn’t appear to be happening at the consumer level. Home battery storage installation is even more expensive than it was five years ago in the US. A basic car should be $25,000 in today’s dollars is prices were comparable to the year 2,000. EVs are much, much less mechanically complex than ICE vehicles. A company should be able to build the skateboard with the frame, suspension, batteries, motor, steering, computer, etc. and then put a sedan or hatchback or small work pickup or family minivan on that same skateboard. And the vehicles built on these skateboards could be very basic! For example, we could run the cars off of our own I Pads. Yes, I’m talking that basic! If cars had windows we could see out of, we wouldn’t need backup cameras!

[@freeheeler09]

And, not trying to be disagreeable, I look forward to your posts. But prices aren’t coming down yet for US citizens. And, inflation is skyrocketing right now.

[@grantbuttenshaw]

I've been saying this for the last 2 years.... everyone thinks battery prices are falling...when in reality they have already fallen....they won't go any lower. China sells every BEV at a loss...Sam is remarkably incurious about these facts....he doesn't really understand the market...

[@andreboerema1340]

This price comparison really needs to be segmented as its only very recently that small EV's have come onto the market in any great quantity. Small ICE cars have significant market share and would skew the average ICE cost lower than otherwise.

[@DaveG7920]

I love the way you seem to know what it costs to build cars in all the different markets and go after those you claim are ripping people off. Your experience and expertise in the car building industry is??

[@dianewallace6064]

We have the Chinese/Belgium Volvo in the US. EX30. I think.46K.

[@jamesvandamme7786]

Which should be $25K.

[@litestuffllc7249]

If price of ICE are around those of BEVs - it is because - of government subsidies. Of the 97 remaining all BEV brands in China; none have ever made a profit even with Chinese Production subsidies which total 1/3 trillion USD, and consumer purchase subsidies in addition. All Chinese BEVs are sold below production costs at a significant loss exceeding $10,000 USD per vehicle. Only one all BEV maker has ever made a profit,Tesla. Tesla or Tesla purchasers, get typically between $5000-$10,000 in government subsidies depending on the country and state, to make BEVs more compeditive. If there had been no subsidies- All BEVs would be 20-30% more expensive, and BEVs would be nowhere.

[@Sacto1654]

The important thing is that the price of a new battery pack is rapidly dropping, especially now with so many manufacturers building such packs besides BYD and CATL. Within five years, once very safe solid-state batteries are in full production, we could see a dramatic reduction in the weight of an EV since solid state batteries may have much higher storage density and don't use fire-prone and highly toxic electrolyte fluids in the battery. In short, by 2030 we could see an EV about the size of a Honda Fit/Jazz go 500 km on a single charge but will weigh almost the same as the ICE version.

[@thethirdman225]

Most of the batteries around at the moment use chemistry which is extremely reliable. Among those companies that do not is LG, which uses an older, more fire prone chemistry and we are seeing the results. But they should not be interpreted as mainstream and the vast bulk of new vehicles at the moment are safe. Sodium ion seems to be the most likely chemistry to take over from Lithium and is basically fire proof. But even as things stand, EVs are much less likely to catch fire than ICE vehicles.

[@Sacto1654]

@@thethirdman225 But I think everyone agrees that they need to phase out batteries that use large amounts of electrolyte liquids over the next 10 years. CATL is almost there with a new battery design that uses very little electrolyte fluids. Even with safer designs, batteries with electrolyte fluids can occasionally leak, and if a fire breaks out few fire departments are trained and equipped to deal with a battery fire caused by a fluid leak. Sure, ICE cars do burn more but most fire departments know how to deal with a gasoline fire using chemical retardants have have been around for many years.

[@thethirdman225]

@ I think this will become less of a problem over time as older batteries are phased out. I see a future where people will be able to replace their vehicle battery with a new sodium ion or solid state battery, with much better performance and at very reasonable cost.

[@JohnSmith-ux3tt]

"Within 5 years" seems a very common phrase.

[@gerbre1]

For many years we can hear 'expert say in the year xyz price parity will be achieved' where xyz is a different year.

[@Blondelle322]

Can you share more details about the project you mentioned? I opened a starter deposit and am wondering what to do next on Moonacy Protocol. Any ideas?

[@johnevans9751]

Keep bringing the data, and your take on it all.

[@zes7215]

wr

[@jasoncapecod]

in the NE US...they just aren't good enough in the winter...Temps of -20C just ruin the range..And changing time is just to long...on top of that the massive depreciation..

[@thethirdman225]

Sam did a video on this literally in the last week, including the results of a group test done in Norway (no Chinese vehicles were included, which kind of spoils the test). This is out of date information. What applies for one EV doesn’t apply for all EVs. If you watch those videos you will see that there is a pretty wide spread of performance in terms of range loss. Also, if you have kept up with developments, you will know that charging times have come down and with the introduction of 800 volt architecture, will be down to the same time or less than what it takes to fill your ICE car. Some of the high end models coming out of China now have charge times that are down to ten minutes or less.

[@ZweiZwolf]

Sodium batteries will be fine. Also, Norway does OK with 90% EVs.

[@jamesvandamme7786]

@@ZweiZwolf "But Fox News says ...."

[@rahimmajid647]

So basically, we're charging a bit more frequently during winter and take a bit more time for every charge. The depreciation issue is something I personally worry about every 6 or 7 years or so should I decide to buy a new car. Somehow that seems a whole lot better than the daily or weekly worry of wondering what the price of filling up would be at the petrol station. Nowadays, I smile every time I pass by a petrol station. 😏

[@ZweiZwolf]

@ A lot of the depreciation claim is explained by incentives and subsidies. For example, a $50k USD car with a $7,500 USD subsidy needs that backed out from any resale consideration.

[@julianskinner3697]

All new cars are too expensive for most people in much of the world. Battery assist bikes are growing in popularity as an affordable option. Would love to see a video on them, please.

[@scrambaba]

Scooters too, in urban areas. If people used scooters for short trips and errands they’d save a lot.

[@JohnSmith-ux3tt]

Grandma can't wait to go shopping with her new pushbike.

[@scrambaba]

@@JohnSmith-ux3tt ? Is that the best you can come up with? Pretty sad, pal.

[@paulelkins425]

The price is on par for ICE vs EVs in the US if you consider the EV rebates. In fact, I'd say EVs are cheaper than a similar ICE car with the similar features and performance. Take the Tesla M3 RWD as an example. It's $34,660 after Fed rebate and referral discount code. What ICE car has similar features such as: heated seats (front and back), heated steering wheel, ventilated front seats, advanced adaptive safety controls, 0-60mph of 4.9sec, very quiet cabin, smooth but sporty handing with adaptive ride, driver profiles for cockpit settings, auto open/shut trunk, automated Garage control, and much more? Top spec Toyota Camry or Accords are more expensive but fall far short on many features and performance. Once Trump pulls the Federal Rebate the price comparison becomes much closer. BTW, there are many states and local incentives too that add to the value gap in the favor of the EV vs ICE. Another excellent value in the US is the Chevy Equinox at under $28K after Fed rebate. It doesn't match the Model 3 in features or performance but is a much more cost friendly option. It can be optioned up to match the Model 3 in features (not in performance) but the price rises quickly.

[@MalcolmRose-l3b]

When Sam says it isn't a true reflection because "there's really no electric pick-up trucks sold in Europe" possibly he fails to realize that in Europe pick-ups are generally only bought by farmers and a few tradesmen (most plumbers and electricians prefer panel vans) - there isn't any soccer mum market for pick-ups in Europe. So there's no mass market for pick-ups on the ICE side of the equation either.

[@michaelbedard7859]

They would sell very well. 😊

[@matshallstrom61]

Thanks, could you pls do a TCO comparison. Total Cost of Ownership is whats really matter.

[@markvalery8632]

I typed in "How does the total cost of ownership compare between internal combustion light duty vehicles and battery electric vehicles?" at chatgpt and got a response too long to post. Chatgpt left out that insurance is cheaper for ICE compared to BEVs, but responded with some good info.

[@Sfvgggggghhbbbnnn]

EVs cost is why less then ICE, -No break pads , motor runs reverse direction and slows the car , meanwhile recharges energy , like converting kinetic energy to battery energy No oil change at all, If you have small solar panel , Al that energy to change is free It’s like having a gas station in your home With Level 2 charger With like 5-6 hours , you can drive 200-300 miles with full charge probably 340miles , all this is free with solar panel , which saves like $200 - $300

[@matshallstrom61]

@@Sfvgggggghhbbbnnn Good points, I guess TCO will be much lower than ICE. And the price of electricity is going down, so the gap should increase further.

[@seekeroftruthandjust]

One of the main reasons Diesel and petrol cars are increasing in price in the uk is because demand is going up for them and EV prices are falling because of low demand

[@drmap5194]

Here in usa still expensive but v good discount on them as people are still not buying easily majority are leasing not financing Recently I lease a Honda Prologue EX FWD basic model for 406 usd per month 0 down payment and 15k miles per year for 24 months and there was 19300 discount from the MSRP on that model from 49000 usd to 29700 usd and it was cheaper to lease as compared to many hybrid models

[@imbalancedstatus8824]

I still dont get why EV Cost more than their ICE coounterpart

[@andrewfindlay9099]

It's to offset the fire department cost to put them out when they combust😏

[@jamesvandamme7786]

They don't make enough of them yet: only 9% of sales this year. There's not too many battery plants open yet, and new models are still coming out. The tooling and design have to be amortized. In the past, batteries were very expensive, so EVs cost more, In order to justify the higher cost, makers loaded them up with high tech stuff. People wouldn't pay $50K for a tiny shitbucket but $60K for a loaded fancy "luxury" model didn't look so bad. USA makers are still learning and China has a ten year head start.

[@scrambaba]

@@jamesvandamme7786Thanks.

[@JohnSmith-ux3tt]

​@@jamesvandamme7786I just have to wait 5 more years and I will be able to afford EV.

[@geotard]

It's a scaling issue, ICE has had decades to build up distribution, marketing and design. What is amazing is how quickly the EV market has grown. EV's price discounts have driven the price down and are being slowly wound back creating price parity. At some point soon price point will be indentical on value for money and subsidies. Remember every single automative maker is receiving a subsidy on every car they make, ICe is included in that

[@michaelanderson3771]

Sam Domestic pricing in China as you have repeatedly stated is equal to and in some cases less than cost of production. That cannot continue as the manufacturers will go under. and some already have. Additionally the cost to move vehicles from China to the rest of the world adds up to 15% of the vehicle cost. Transport and logistics of moving vehicles across the sea and then the inland leg is significant and supports some of the significant price difference. Freight from China to Aus is approx USD$2000.00 per vehicle just to get it to the port. a Add the stevedore charges (portside unloading) to unload and marshall the cars for import formalities ads another few % to cost. Then the transport from those holding yards to the dealer networks or dealer delivery showrooms. all that added cost can be as much as USD$5000.00 to a vehicle.

[@keangwooichoo6138]

Ev in malaysia is more than 100k ringgit even with no tax. Crazy expensive.

[@bergarox]

Isn't that graph at 2:2 already considering inflation? The price seems to be at the same price as before, so what is being discounted as 25% is the actual inflation.

[@sebastianmuller1210]

Before corona we had way to much production capacity for cars worldwide. One reason tesla could buy the toyota plant so cheaply. Corona gave the car industry a bit of breathing time. But now, that everybody has a new car and money seems tight, how much production capacity is there? Where is it (amerika, eu, japan, asia should be detailed enough) How much new capacity is in the building phase (in china)? Can we build twice the annual car sales? Or how much capacity is there that is redundant? That would be a good video, that would be ok to be 20 Minutes. Like a Wendover Production video kind of. With a few graphs and stats. 👍 Would give you a great reference for future car market analysis as well. And bonusquestion: Is the Indian market interconnected with the world or will they stay nationaly focused for the foreseable future?

[@Jeffgarmon-ji5iu]

Thanks!

[@electricviking]

You're welcome!

[@hsingchen321]

Toyota and QS(QuantumScape, San Jose CA) are scheduled to commercialize SSB in 2027 and mass production in 2028. According to the VW offline test of SSB provided by QS, after running 500,000 Km, it lost only 5% capacity. In theory the battery life would be at least 1.5M Km. Last July, China's University of Science and Technology, they have synthesized solid electrolyte LPSO at 10% cost of those currently used in SSB. About 7 years from now, EV with SSB would be less than 1/2 of ICE cars. China's CATL, BYD, and Chery said they will commercialize SSB in 2030.

[@stevenbarrett7648]

the £25k ID4 in China arrives in the UK plus 10% import duty then 20% VAT (Victim Added Tax) bumping the price up to around £35k for a basic car. We need Zero VAT for swapping an ICE car in when buying an EV that will level the playing field a bit

[@ouethojlkjn]

I just checked on the MG cars UK website and the basic MG4 EV is £26,995 on the road. The top of the range Trophy with over 320 miles range is £36,495. Not sure where you looked. However VAT and import Duty is indeed a rip off.

[@EVinstructor]

@@ouethojlkjn It’s possible to get big discounts on the MG4 as well. That’s why there are so many around.

[@stevenbarrett7648]

@@ouethojlkjn I used co-pilot to check out the ID4, didn't bother with the MG as the EV was talking about the VW car so I wanted to check out the price in China v price here in the UK. We get to pay duty on top of the duty already applied !

[@juanantoniopulido1645]

Only range and time-of-charge gap remains

[@Rene-uz3eb]

We need 50% higher gasoline prices everywhere

[@jamesvandamme7786]

Taking off the subsidies should do it.

[@linuxxr-d]

now if we can get insurence prices down

[@alskeiuthn]

In Australia insurance is the same or cheaper. EVs are everywhere now. Once you get one the cost savings are huge. Just go out and get one.

[@paulmcgraw9284]

I'm hoping that the threatened 25 percent tariffs on Canada and Mexico won't come to pass as of 2/1/25. Tesla announced that Teslas sold in Canada will go up in price by anywhere between $4K and $9K per vehicle. Here in the US it won't be affected. However any other car built in Mexico or Canada whether it's EV and ICE will go up by thousands of dollars. I just hope that tariffs don't happen. It will hurt both ICE and EV sales.

[@RayVanessa-p2d]

corolla is made in Mississippi

[@jamesvandamme7786]

@@RayVanessa-p2d Of many imported parts. The disruption in the supply chain alone will throw a monkey wrench into the works. Everyone will suffer, and consumers will pay.

[@TheLDunn1]

Maybe, just maybe, the supply & demand laws of economics are at play here 🤔......with Manufacturers struggling to find buyers for their EV's, they have no choice but to reduce the prices of their EV's to try & shift them. Meanwhile, thanks to ZEV mandate, in the UK at least, Manufacturers are getting heavily fined if 22% (in 2024) of their sales are not EV's (£15,000 per ICE they sell over the 78% allowance), so manufacturers are having to artificially restrict or delay their ICE sales to help manage the impact of the ZEV mandate. Consequently, there is an artificial shortage of ICE vehicles vs demand & ther prices of ICE vehicles goes up - if nothing else to try & offset the losses on the EV side of the business. EV prices dropping & ICE prices increasing is the result of the overly manipulated car market to try & force customers into EV's. I'm not against EV's per se, they have their place & they can better suit some customers use cases muich better than ICE, what I am against is artificial market manipulation, choice being removed from the buying public, & youtubers hailing EV falling prices vs ICE price raises as some kind of a 'win'.

[@jamesvandamme7786]

it's just natural that EV costs will go down because they are a new technology. ICE is old, commodity tech and will just rise naturally with inflation, which will accelerate as their proportion of sales goes down. Also, newer build technique opportunities with EVs. Many are still ICE bodies with a motor shoved in them. Once makers start selling cheap EV in quantity the prices will decline swifter. It's still an early adopter market, at least in the USA unlike China.

[@ZweiZwolf]

EV v ICE price parity is already in China. In Southeast Asia, EVs are ahead, due to foreign OEMs taking huge advantage with old product at sky high prices. Japan, etc are in big trouble because they can't compete.

[@williamlewandowski129]

Yes, prices on EVs in China are significantly lower than in western countries. But they need to be, as the salaries and cost of living is much lower in China.

[@hondacar]

Prices for electric vehicles should not be equivalent to those of ICE cars; they should be more affordable. Legacy car manufacturers such as Mercedes-Benz and BMW have exploited the Australian public since they began exporting vehicles to Australia. The exorbitant premium cost of their cars was eagerly and blindly accepted by Australians, allowing the manufacturers to continue with their excessive pricing. Regardless of the country of origin, Australians should not accept unreasonably high prices for cars again.

[@beautifulgirl219]

China’s thermal power generation - largely coal - rose 1.5% in 2024 to 6,340 terawatt-hours (TWh), Reuters reported, “defying “expectations that coal generation was peaking”.

[@scrambaba]

And your point is? China still has growth that far outstrips anything in Europe and North America, driven in large part by demand from the west. Transitioning and decarbonizing is a lot easier for the western states but they grab onto every excuse to claim that transitioning is “unrealistic”.

[@scrambaba]

And Canada and the US are happy to supply China with climate-killing coal…

[@scrambaba]

So our stores are 95% full of Chinese products, but our politicians want to force us to buy non-Chinese EVs? Makes a lot of sense…

[@theknifedude1881]

So GM has enough UAW Workers (voters) that the TAXPAYERS will allow GM to give any temporary profits to the SHAREHOLDERS and then float them a (to be forgiven)loan for operating costs. Unlike most other companies GM is not required save any profits for future operations. Our government almost automatically extends a LOAN after any profits are Divided among the shareholders.

[@victic2277]

Yeah, I can't wait till they come out with $15k vehicles. I am looking forward to that.

[@grantbuttenshaw]

That will never happen

[@victic2277]

@grantbuttenshaw until it happens.

[@grantbuttenshaw]

@@victic2277 how many $15 k ICE cars are there?

[@warheadsnation]

@@grantbuttenshaw In China?

[@thorium222]

It is totally ridiculous that EVs in Europe are still so expensive, when all the raw material prices for batteries have actually gone down. All what the legacy automakers' managements want is to maximize the profits from their legacy investment in ICE right now, the don't care about people's health, the environment or even their own future competitiveness, they want money for themselves and screw the rest.

[@grantbuttenshaw]

Chinese sell every single BEV at a loss...they have never sold one for a profit...BYD has lost billions on BEVs

[@thorium222]

@@grantbuttenshaw If you really believe that then the world must be very mysterious to you.

[@grantbuttenshaw]

@@thorium222 what? Why don't you know this basic stuff? Name a single Chinese EV maker selling BEVS for profit?

[@JohnSmith-ux3tt]

Start your own car company and show them how to do it.

[@thorium222]

@ The BYD Group IS profitabel no matter how you might want to spin it.

[@roger9463]

There have been comments in Russia and from China about the poor metal quality of EV from China. I have two Japanese cars, 20 and 10 years old…no rust at all. Any comments? Personally I would like to let time tell.

[@johnmaguire2185]

EV are as good as ICE with the exception of cost, range, journey time over a long run, residual value. Except for that.

[@georgedoolittle7574]

Yeah pretty much. *"A Chinese all electric car costs ten grand because that's what the vehicle is worth. It's ice counterpart COSTS $10,000,000 FOR ONE CAR because that is what the ICE Platform is worth."* As actual transportation entirely different matter but as an item that one goes out to buy like a Swiss watch or Railroad Locomotive #reisdual_value meaning "actually has that!" matters absolutely #depreciation #depreciation_schedule😊😊

[@vec306]

Which “cost”are you talking about. Purchase price agreed but after 23,000 km then my cost is lower than ice. Since I charge at my house it’s way more convenient than going to a petrol station. So anything under 400km my EV is quicker than an ice vehicle.

[@csilver9625]

Tell me you’ve actually never owned an EV without telling me you’ve never owned an EV…. 😂

[@kylekleman]

I think you left out those pesky fueling and maintenance cost differences between ICE and BEV….You also forgot to mention how much faster EVs are than old slow ICE cars. Or the fact that you can’t start your ice car in a cold garage without worrying about dying while the EV will have a warm cabin.

[@warheadsnation]

If we didn't put up walls against Chinese cars, I could buy a Dolphin for less than a Corolla. I can recharge overnight using my laundry plug at home. And I only drive 5000 miles a year so I will keep it for the rest of my life. Screw long journeys; my country is falling into barbarism.

[@andrewf3346]

I wonder how many current EV's will still be on our roads in 20 - 30 years time like what we see currently with ICE vehicles 🤔

[@jamesvandamme7786]

Stick around, they've done pretty well for ten years so far.

[@scrambaba]

And your point is? Listen pal, the context of this whole discussion is that we are burning the nest we live in. To go with ICEs is to choose to continue killing our climate. Once you realize this it will be harder to come up with 101 excuses to not switch as you are doing.

[@asajelfs8170]

Wait until Teslas shiny new production line ramps. Good times are coming for new EV buyers.

[@lanceferris1884]

We have no carrots in Australia because we have no manufacturing. If we did they would be tariffs simple and also because of no tariffs we’re gonna push out the mainstream car suppliers Toyota Ford they will leave Australia and the only choices we have here is Chinese now? I personally have no problem with that But if we put all the eggs in one basket and there is a conflict between China and the Western world we have an issue getting supplier vehicles if there was a conflict so put all our eggs in one basket is not necessarily a good thing

[@warheadsnation]

These days the main thing you have to worry about is a war between Trump's Amerika and the Western world.

[@Kallon-r3b]

Half of the cost of Chinese cars in EU are tarrifs of 30-50% and 20-25% VAT, depending on the country. RIDICULOUS!!

[@zen2135]

You forgot to mention import tax.

[@Royaliize]

Only a question about time before all the European car makers die out. China can always make things cheaper. As soon Chinese cars get as safe as European ones they will be all over Europe. Sure people still buy overpriced vw/bmw and Mercedes but like i said only a matter of time. My next car def gona be electric, is love to see japan come into the fight as well.

[@andypin9794]

Totally agree. Cars in UK are way too expensive!

[@Royaliize]

@andypin9794 yep i live in Denmark and if i just travel down to Holland cars get way cheaper. Eu want us to buy European made cars and not China cars...but most cars are made in China now idk anymore lmao

[@ZweiZwolf]

@@Royaliize Chinese cars routinely score the maximum 5 stars on Euro NCAP safety testing. The typical Chinese car sold in Europe is SAFER than the average Eurpoean car sold in Europe.

[@petebest8422]

China has 329 million cars and now that they are buying more EV than ICE then it hardly matters so long as the Chinese are buying them costing other companies big money due to lost sales.

[@charlo90952]

The UK gov is contemplating reintroducing EV subsidies bcz sales are so poor bcz they're keeping Chinese EVs out of the market.

[@JohnSmith-ux3tt]

Have to tax poor people more, so rich people can buy a new EV.

[@gdreading9088]

In Europe, especially the UK EVs are so cheap because nobody wants them, and the price of ICE vehicles is increasing simply because of demand which the manufacturers and dealers can't or won't keep up with.

[@davidlewis4399]

Dont care how much they are dont want one thanks.

[@ghunt9146]

It's simple, supply & demand. Nuff said.

[@jamesvandamme7786]

Why?

[@warheadsnation]

Okay, but don't demand a right to spew CO2 once we have a billion climate refugees.

[@scrambaba]

The transition is inevitable unless of course you’d prefer to burn.

[@NighthunterNyx]

Where I live in Bulgaria, EU a basic Toyota Corolla is 18000€ and the cheapest road legal EV Dacia Spring is around 23000€. Spring is like half the size of Corolla. Similar size to Corolla EV like say Kia EV3 is 35000€. So no Toyota Corolla is much cheaper than EV.

[@scrambaba]

It is worth paying a little extra to save the planet, no?

[@NighthunterNyx]

@scrambaba if you can afford it sure. Many people are buying second hand cars just because they are priced out of the new car market. Myself I am just driving my older reliable trusty cars. All cars went 50 to 100% up in price. I bought my Prius in 2017 for 26000€ now a new Prius albeit PHEV is 50000€. European and US automakers think it is better to sell fewer expensive vehicles than lower their prices. This can work out for few years and things will fall a-art eventually. If it will be Chinese, Japanese or else someone will be willing to sell cars where demand is. Then some folks will need to close shop.

[@victorsvoice7978]

Electric cars should be cheaper than ICE cars. They have fewer parts. Less cost to maintain. But insurance is expensive. It's greed.

[@jamesvandamme7786]

"Everybody" says that's true but I haven't seen any accurate evidence comparing cars with equal amounts of gadgets like radars and cameras and so on. I never get collision insurance so I don't care.

[@alskeiuthn]

Insurance is not more expensive in Australia.

[@gianluigicassin868]

I'm very curious to find out how many evs will be sold in 2025, with all the 25-35k € available. If we could reach 25% share here in the EU, it could really start changing how people look at evs. We'll see

[@Royaliize]

Problem is we dont have the power to power up if everyone is driving evs. Atleast here in my Country we already have problem with grid and parking spots for them.

[@gianluigicassin868]

@Royaliize i disagree, the power we need now for the few evs we'll add on the short term, is already there. The lack of energy for evs is just a myth.

[@Royaliize]

@@gianluigicassin868 if everyone was going to buy evs now, my country would have power problems. People still drive ice cars here, not many Chinese cars like byd here yet, but many Tesla and vw evs. It can get preety cold here, people still buy old school cars. China is moving fast, never seen this much of a jump in such few years in car history.

[@gianluigicassin868]

@@Royaliize do you realize that even with 50% new cars being electric, it would take your country a decade to became fully electric? There's no way we can be instantly 100% electric. Also, I'm quite sure there's excess production capacity everywhere. We have several plants not working full speed

[@Royaliize]

@@gianluigicassin868 oh for sure but with the current rate China pump cars out, it wont be far out into the future. Now im not sure where u from, but most of my country energy come from wind, sure we have other types of energy but that aint much. Gona be interesting how people reacting to Elon now, prolly less Tesla sales but we will see.

[@neilduran3586]

The price of EVs in the UK has dropped because no one wants one and the car manufacturers are preregistering them and then putting them on Auto-trader at a massive discount. ICE cars are increasing in value because they are the cars the public want!

[@thethirdman225]

@@neilduran3586 This is disinformation. ‘The Times’, no less, was forced to issue a correction by the IPSO for making these claims. If people really wanted ICE vehicles, as you claim, those EVs wouldn’t sell at all. There would be no money in a business like that. The fact is that EVs are still expensive to buy, even if you recoup the cost difference in a few years, and anything that can help provide cheaper EVs is no bad thing. I don’t mind if you want to remain shackled to a petrol pump for the rest of your days while you pay for some oil industry baron to sit on his private island but don’t expect everyone else to do it.

[@EarlDennis-l1l]

No sound??

[@UncleBensChannel]

In the used car space EV'S with 30,000 miles are CHEAP now.

[@jsanders100]

I found that if you want a decent bit of range the used ones are still quite expensive. Decided to lease again instead.

[@Arctic5fox]

Now here in the US you can get a Chevy volt 2020 after the $4k tax credit for less than $13k.

[@larrygage]

@@Arctic5foxperhaps you meant bolt. Volt is not being made any longer

[@ZweiZwolf]

@@Arctic5fox I looked into the Volt. The problem is that there is NO replacement part if the Chevy Volt battery or controller goes out. NONE. Even the recycling / remanufacturing is bad. Chevy Bolt has similar problems. Too much risk right now. In 5 years, when 3rd party spares are available, I might consider it.

[@qumfypukmi]

When will you tell your subscribers about Moonacy protocol? By then, I’ll already be a millionaire!

[@thefunksoulplumber22]

I don't buy new cars and lose £9k as soon as you drive it 1 mile. I also don't agree with the disability features they have added like driving assist? I got my driving license thank you and paid a heck of a lot of money to pass it. I don't need assistance in the car, outside the car telling me a car is beside me. I have mirrors. Oh wait, the light is in the mirror I should be using to look for cars beside me. Now you have to pay £200 for a heated light assisted wing mirror if it need replacing. Then we look at cars in general what have they done these last 50 years? Nothing. Cars are safer yes because they're packed with safety features, which makes the car heavier, now you need more fuel. Especially with insurances now, morons buy new cars, don't dare drive them as they're scared to damage it, usually they're a leased car too so they will get charged extra if you return it damaged. The only upgrades I have seen in these last 20 years is LED lights that still fail after a couple of years. Nothing better than seeing an audi trying to be flash with his LED light upgrade and half of them don't work. The engineers are on another planet and they're the ones destroying it. I hate cars with a passion, and mechanics, and garages, and fuel corporations. Well, any corporation really. Tired of the nonsense and also of the people who just put up with it. Uppets, the lot of ya! With a big M

[@7rixee]

Lol, the Audi probably has matrix lights, so toull see the ones dark that would shine in your face. Mate, i drive a 2002 VW bora, im here just to see how badly legacy gets beaten by China. Its a nokia moment for these guys amd exactly for the same reason: legacy cant write code.

[@jsanders100]

You seem to live in a very negative world, have you driven a modern EV?

[@thystaljaard7607]

Close to £1100 for side mirror on well known brand, known for their excellence in engineering.

[@bjb7587]

How does the price of insurance compare? Hasn't been that long ago you ran videos about China dumping their EVs in Europe to drive out their competitors.

[@Ronick-Q-46]

They're cheaper because they cannot get rid of the 💩

[@ulhaqanwaar1]

EVs might be cheaper but they aren't available globally to make an impact specifically for our country Pakistan BYD Seal cost $62,000/- and a 3 years old used Tesla Model 3 costs $54,000/- and the average monthly salary in Pakistan is around $296 USD so tell me honestly does EV make sense while you can buy a brand new Suzuki for $9,500/- so these are the basic factor which is ruining EVs, yes they are great but out of reach due to tariff and availability issues.

[@kevinW826]

Not happening anytime soon. Manufacturing costs still keep EV prices $20,000 or more above gas car prices.

[@freeheeler09]

Kevin, I don’t think it is the manufacturing costs. Look at mature EV manufacturing companies like Tesla (fire Musk) and BYD. Their vehicles are price comparable to old school ICE. The business model, especially for Western companies, is to make very huge and expensive ICE cars that break quickly in order order to maximize initial profits and long-term profits from repairs. Look at Dodge; you basically need to have a full time mechanic on staff to own a new Dodge The failure of the Ford Lightening and the success of the Cybertruck (some like it, many don’t) is that the Cybertruck is an EV from the ground up! That lowers costs and increases reliability and performance. Ok, the Cybertruck costs $100,00 (over twice what a construction worker can afford) because of the DeLorean skin, because it is too big, and because it isn’t a basic truck. EVs are as different from ICE as manual typewriters are from laptops. I hope that the traditional car manufacturers learn this basic fact before they all go under.

[@kevinW826]

@ $15000 for the one piece glass roof/rear window in a Tesla. That’s not cheap.

[@jamesvandamme7786]

@@kevinW826 I have no idea why anyone would want that. I certainly don't.

[@kevinW826]

@@jamesvandamme7786 last summer there was a guy in Montreal trying to sell his Model S for $40,000. It needed that one piece glass replaced, along with the rear passenger door, the wiring harness, as well as the entire brake system and suspension system replaced. At least $40,000 needed to get it certified. No EV is worth that. Currently there is some guy in Halifax who is selling his 2017 Model 3 for $50,000 with 150,000 kms on it. Again, not worth it.

[@kevinW826]

@ last year in Montreal some guy was trying to sell his Model S. It needed the aforementioned one piece glass roof/back window along with the rear passenger door, the entire brake system and suspension system replaced. At least $40,000 to get it back on the road. There is a guy here in Halifax that is trying to sell his 2017 Model 3 with 150,000 kms for $50,000. You can buy a discounted one for that price, I don’t know why anyone in their right mind would buy a used one for that much.

[@vorpalinferno9711]

cries in Lucid Gravity

[@billjohnson3022]

The only reason(s) this might be true (ICEs cheaper than EVs) is because legacy makers still have no clue how to do this economically. Tesla on the other hand is already a lot cheaper than comparable ICEs (Audis, BMWs, Mercedes, Lexus, Acura etc.) and even higher end Toyotas and Hondas etc. So, it isn't the entire industry, it is just the legacy makers where this is true. I really don't like how in the US where Teslas account for more than 50% of all EVs on the roads, mean stream media always picks the worst of the other models to do their bashing comparisons instead of what they should be using to compare....the most common EVs built and bought.....Teslas!

[@olliteirikko]

Tariffs make the latest tech more expensive for US and EU citizen, while Chinese brands thrive for even better and cheaper products. China doesn't need west, because they have massive domestic market growing rapidly. But west is helpless without China. Tesla is looking good, but that's about it. All the rest are in serious trouble. But go ahead with tariffs. See if it can save old legacy brands with nothing interesting to offer.

[@garydavis1528]

You are fully aware or should be that makers have only pushed up ICE prices to close the gap to huge charges to make extra profit to cover EV losses and in trying to get EV sales % up to avoid huge fines of £15,000 per ICE car oversold if don’t meet the % of the year in.

[@notcherbane3218]

I don't hear you talking about the giant factories in China Worthy workers are living in dorms where their entire life is controlled by these companies or the high suicide rate of Chinese factory workers I don't hear you talking about that

[@DwainDwight]

I disagree. as someone in the market I have been looking. EVs are still around 30-100% more expensive.

[@BradC44]

Get a used one owner EV. Let the original owner take the depreciation hit.

[@jamesvandamme7786]

Try to find one. People hang onto them for some reason.

[@Rhotz-ix8ll]

EVs still cost $20,000 more than comparable ICE vehicles here. That difference will not reasonably be recovered in reduced costs.

[@S2NAZ]

Where is “Here” ?

[@7rixee]

South pole?

[@DocK36]

which country is this?

[@DivayChandra]

In ICEland...lol...

[@gpsfinancial6988]

Chevy Equinox EV is about US$35,0000 before any tax credits. Is there a similar new ICE car in USA available for US$7,500?

[@tomhoulden1104]

Sorry but I'm REALLY tired of hearing this, since nearly everyone pays monthly for their car & fuel, so starting right at the time of purchase, a new or used EV has cost less than a new or used petrol car for several years.

[@enriquegurria3947]

Mexican EV prices are fastly approaching ICE’s, though due to Trump’s pressure that could change somehow. Even then “our” automotive industry (VW, GM, Ford, Nissan & the like) will take a deep hit with US tariffs. Self inflicted wounds of a moribund empire.

[@ZweiZwolf]

Mexico will be fine, because you manufacture locally. Trump's tariffs won't affect the sale of a Mexican-built car in Mexico to a Mexican buyer.

[@RayVanessa-p2d]

25 corolla 26k after tax

[@jamesvandamme7786]

Don't want anything with a tailpipe.