Europe’s Carmakers increase Gas car prices to avoid paying $16B fines

[@robinspat]

Making consumers pay for bad management

[@NoiserToo]

@@robinspat - bad management by woke politicians. That’s all gonna change soon…

[@Sulzbach-dk7ov]

At the same time, Germany is wondering why no one is buying their cars😂😂😂😂😂

[@imrytebeehyneu]

The EV won

[@andrewsaint6581]

​@@imrytebeehyneuEV won? That's payment from a Chinese buyer. Or is it the cars gm crushed 25 years ago?

[@christryst]

​@@imrytebeehyneuHa, no the globalists won, muppet.

[@NoiserToo]

@@Sulzbach-dk7ov - the emission caps from woke EV politicians have destroyed the German economy. This will I’ll be reversed in the upcoming elections.

[@beegonee]

No one buy money pit..😅

[@cunawarit]

This seems like the perfect storm for economic collapse.

[@NoiserToo]

@@cunawarit - simply remove the emission caps, and the boat will start correcting itself upright.

[@banyantree8618]

The whole point of Disruption is……..it’s disruptive! Either be disruptive or recognise it really quickly and adapt accordingly. Legacy automakers are complacent and probably thought auto and petrochemical lobbyists would carry them through.

[@gtkachyk]

Love the government pressure

[@NoiserToo]

@@banyantree8618 - a disruption to the disruption is coming soon to local politics. Legacy automakers are compliant and misled by woke pipe-dream EU politicians.

[@errolwirasinghe]

You are the BEST! You are open-minded. You show the good, bad, and ugly. Thanks

[@GallAnonim-jx2cz]

No he's not, he often lies. I'm from China and viking ways say China gone all in into EVs and talks only about BYD Xpeng and Zeekr. Truth is best selling cars are PHEVs like Liauto and Aito (Huawei). He somehow never mentions PHEV

[@DaveG7920]

He's certainly NOT open minded, he is as extreme with his views on EV's and renewables as the anti EV crowd are about EV's. He's just the opposite extreme.

[@Piecenotwar]

European car manufacturers in my opinion have to come together and use a common drive unit, a subframe assembly and drive that can be used in many different platforms and by all manufacturers. The days of having your own drive unit/engine are gone, buyers simply will not care about who’s motor moves the vehicle, this will reduce R&D costs and manufacturing costs across all individual manufacturers, then independently they can design a body to accept a common subframe and drive. They also need to setup with Gigapress and start making monocoques differently and more efficiently.

[@walk-with-Walz]

Still not enough, the battery tech is too far out of date, unless they can latch onto a breakthrough battery they're toast

[@Piecenotwar]

@ Manufacturing their own batteries is not the answer yet, they must set up a reliable supply chain now from either China or Tesla. Time is of the essence if they want to survive, and yes they are so far behind they wouldn’t be able to catch up quickly enough.

[@walk-with-Walz]

@@Piecenotwar On every manufacturing metric they'll fail, unless they can leapfrog China's battery production, cost and capacity it's over for them, no matter how they try to co operate they will not beat China's manufacturing expertise and by all accounts the battery breakthroughs will elude them too.

[@rawnet101]

That is true, but they’ve run out of time to pivot fast enough. Legacy auto is truly done. EVs will be cheaper everywhere in about 2-4 years.

[@Piecenotwar]

@ It can be done and course correction isn’t out of the question, the industry needs a leader who can turn it around and the bureaucracy of government and automotive oversight to let them get on with it. But knowing how it all works that won’t happen

[@raypalmer7733]

It sounds like they are loosing profits and as such they increase prices to make up for the loses.

[@andrewsaint6581]

Brilliant 🤦

[@richard--s]

And the people say, they are too expensive, I don't buy any of your cars. I can't buy them. "But they are premium". I don't need premium. The premium buyers market is small.

[@Mrbfgray]

Legacy auto is F-ed, globally.

[@NoiserToo]

@@raypalmer7733 - same in the States. The only solution is to drop the EV lineups and stop losing money. That’s business 101.

[@gphuang67]

A suicidal act increasing prices while affordable cars are around the corner

[@cagejones7757]

So Europe wants people to buy more EVs, yet they add huge tariffs on cheap Chinese EVs.

[@sullivanrachael]

EU doesn’t want people to buy cars. And if people really want or need a car, they’ll have to pay over the market price to buy an EV. They want fewer cars on the roads. It’s about control. Absolute control.

[@NoiserToo]

@@cagejones7757 - woke politicians want more EVs… and they predicted that they will be voted out in the upcoming elections. This will give Germany a fresh start to survive.

[@gagamba9198]

They want Europeans to buy European-made EVs. But they also want fewer cars in the road and more people riding public transport or bicycles. Many commentators here fail to realise the post-WWII trade order is finished. The US has no interest in supporting it any longer - that's both the Democrats and the Republicans. And because the US is not an export oriented economy - 11.77% of GDP is exports, which is abnormally high due to energy exports - it can play hardball with the countries that rely on exports as large percentage of GDP. Europe depends on exports to maintain prosperity. In 2022, exports of goods and services were 32.17% of UK's GDP, 34.01% of France's, 50.34% of Germany's GDP, and 84.96% of the Netherlands'. Germany's top export by value was vehicles, followed by machinery. America's top export by value is petroleum and its products as well as natural gas, which not only have demand by vehicle owners but are a feedstock (direct and indirect) for just about everything else - chemicals, fertilisers, plastics, textiles, roads, etc. It's a foundation on which everything else is built. Why else does everyone put up with KSA? Why did Merkel continue to appease Putin after the invasion of Crimea? Energy. I get this is an EV channel and attracts those who are interested in EVs, but the world economy is more than that one product.

[@NoiserToo]

@@gagamba9198 - well said, sir. 👍🏻

[@sullivanrachael]

Very well said - about economy and also how EVs aren’t the whole economy. Germany exported a huge number of high quality ICE vehicles. Germany has not achieved the dream of making EVs that are the equivalent of those - the EV versions cost a lot more. Worse still, China produces most of the batteries, and EU law demands EU vehicles have a high EU component content. So by mandating the switch from ICE to EVs, huge amounts of the German economy have been shut, and it will stay that way, unless EVs can be made affordable or the rules on ICE relaxed. Considering the politicians care more about net-zero than living standards of their citizens, I’d say the EU was killing its own economy with net-zero.

[@hansraub8663]

I wonder how much Human suffering, pollution is Created by the WARS we are fighting, any Regulation on that ?

[@kenbehrens5778]

Sad and true.

[@rawnet101]

Completely off topic but the military-industrial complex will not be denied.

[@TomAllen-r8w]

@@rawnet101 By that I assume you are talking about the Russian invader who sends missiles into Kindergartens? Just wanting to clarify as your comment was obtuse.

[@NoiserToo]

@@hansraub8663 - no, no, no….the EU emission caps demand electric tanks and tight gun control requirements forbid the use of live tank shells 👀🤣 Thank your woke neo-con politicians for this entire mess.

[@rawnet101]

@@TomAllen-r8w I was implying generally that while I agree with the OP, the military-industrial complex’s hold on taxpayer money is tight almost everywhere, because they are some of the biggest donors to Govt.

[@229andymon]

Falling domestic ICE sales, rising production costs, tanking export sales, unmeetable government mandates…. The end of the ICE age cometh.

[@NoiserToo]

- with all due respect, it will be exactly the opposite. “Enough is enough” applies to the emission caps. I predict that major political change is coming to the EU and these caps will be eliminated in order to save their economies.

[@freeheeler09]

Noise, people in the fire prone Western US and hurricane-hammered Southeast are sick of the higher home and business insurance rates caused by you climate change deniers. And, while some of our great grandparents tried to stand in the way of indoor plumbing, they didn’t succeed! In the US, as solar panel and home battery prices continue to drop, the group that will drive the move to EVs will be homeowners, especially disaster preppers. Once you begin to build savings by powering your home with captured sunlight, it is a small step to say goodby to Exxon and Shell and charging your vehicles at home. Yes, solar and batteries and EVs are still out of reach of low income people. But, innovations abs economies of scale are lowering prices significantly each year.

[@229andymon]

@NoiserToo you'd have to put even higher tariffs on Chinese EVs too. Even at the recently raised levels they'd still be cheaper. All it would get the EU is a stay of execution. While they sit back in their protectionist prison, China would be swiftly killing their (critical) sales in China and many other of their export markets. China, with 1 in 3 of the global car sales now dictates the direction of travel, not the EU, or USA. Locking themselves in a cupboard isn't a solution.

[@Mrbfgray]

@@NoiserToo Maybe but it won't matter for long for legacy auto, from Japan to USA to Germany, they are ALL in deep predictable dire straits. BEVs done right are simply better and cheaper.

[@NoiserToo]

@@freeheeler09 - so be like China, who fuel their electric cars via coal plants, thus transferring the pollution elsewhere from their cities? I will be the first one to purchase an off grid system when they are available at a reasonable price -until then gas, oil and coal are the near-future reality. And this does not even include the political reality of western economies on the verge of implosion - workers will vote for their survival, not high minded, elitist theories.

[@ZZR1200ZX]

UK government gave over fifteen billion pounds to foreign aid in 2023. Instead of investing in infrastructure for EV’s as well as giving grants for EV buyers.

[@GruffSillyGoat]

A fair degree of that foreign aid is an expression of soft power and economic tied deals to enable UK's trade abroad, if this wasn't there the UK wouldn't be able to export it's products to many markets. The aid, which is only 0.5% of GDP currently, also reduces disaster and political impacts around the round from impacting the UK directly. Personally I would be worried where the other 99.%% of GDP is being spent rather than focussing on the 0.5%. The UK EV consumer incentives that were previously present for EVs we canned by the previous government when they u-turned on their previous commitments towards EVs. Rather in 2023 the total mixed public/private comitted in the automotive sector was £24 billion, sustained into 2024. The recent, October, budget expanded this further with an additional £2 billion in direct support the UK automotive industry, plus £2.6 billion public (matched with £3b private) in the UKRI fund to drive green innovation including that of battery design and manufacturing. The majority of vehicle manufacturing in the UK has swapped their lines to EV production, Nissan's Sunderland plant for example will be producing all electric Qashqai, Junk and Leaf models from 2025 onwards. Tata via their JLR brands are swapping to electrified production, taking a year out, and Stellantis already compeleted the upgraded of it's Ellesmere Port to electrified LCV production last year. BMW's Cowley plant is taking things a little slower swapping over to the electric mini production by 2026 (currently Mini EV's are produced in China, having been moved from the Oxford plant back in 2022). Toyota, in line with their international strategy, have been producing hybrid Corollas at their Debyshire plant, but with the introduction of the electric Urban Crusier (Suzuki e Vitara) may be produced in the UK for RHD models (rather than in India where the current models are made and shipped from). What is more important is what Sam, outlined in the video that the automakers produce more affordable EV models and reduce the price of their EV's to reflect their lower cost of production.

[@rawnet101]

Foreign aid helps stop people immigrating, so given all the crying for a whambulance about it, there’s that…

[@NoiserToo]

@@ZZR1200ZX - the Uk is run by woke idiots… Expect change at any moment.

[@kristianlavigne8270]

And well over 100 billion to Ukraine 🇺🇦 war

[@captcrunch7961]

Money laundering

[@diablosv36]

Well you know they would say their is no such thing as a free lunch, but a lot of these CEOs got very much use to it, but when they get held to account they don't like it.

[@afritunez4422]

They can shuffle chairs in the factory!!

[@mestinks]

Yes, MBA certified executives have been taught that all problems can be solved by drawing a new organisation chart

[@MR_THINQ]

I’m in the UK and thank god we got out the EU!

[@frostcb2]

You called it right again over and over Sam. To put a Bandaid on Germany they got to subsidize EV sales of German EV cars. I can appreciate the effort some manufacturers put into that sector when they really want to sell Ev’s. Some want it bad some don’t and the ones who don’t want it…will lose.

[@rickybosephus2036]

Europe economic suicide

[@NoiserToo]

@@rickybosephus2036 - exactly.

[@artholyoke]

Germany's green deal is working. Nobody will be able to afford a car to drive. Good job an reducing emissions

[@christryst]

@@artholyoke This was the ultimate goal for sure. Car ownership is dropping in many parts of Germany from a high of about 40 million.

[@NoiserToo]

@@artholyoke - “you will own nothing, and be happy” 🤣 China is offering a two-for-one on Green no-emission rickshaws!

[@larryc1616]

Tesla Berlin doing well

[@JABelms]

​@@NoiserToo My friend in China owns a sports car (Mitsubishi evolution) and he pays green fines everytime he registers his vehicle, additional cost. ICE cars will only be rare and or performance cars that can only be owned by car enthusiasts and rich individuals. This is the best way forward

[@francismarion6400]

It's almost as if China designed the climate agenda.

[@kenbehrens5778]

The ACT in Australia has 100% net renewable produced electricity. It makes sense to have an EV there, however as some others have commented, the elephantine rollout of public charging facilities is a drawback to some people. We have big distances to travel in Australia and the charging rollout in some states is only just keeping up with demand.

[@christryst]

"Renewable" - BS

[@francismarion6400]

This is by design. And with everyone losing their jobs, who can buy a car.

[@DaveG7920]

ICE cars are so popular that manufacturers are having to significantly reduce EV prices and increase ICE prices, and they still can't hit EV targets.

[@richardmarshall159]

European automakers have been aware that these requirements were coming for how long?🚗

[@eddiereed5025]

The trouble was and still is EU manufacturers paid all there profits to shareholders and CEOs instead of drawing down there debt, so now they cannot compete the EU is trying to stop this by using tariff's which will not work as even with tariffs cost and quality of Chinese cars will always be better than EU and where do most EU manufacturers buy there parts from , give up building cars or sell at a cost that the consumer wants and spend your money on investment not paying shareholders vast sums, how can Tesla make cars and sell in Germany .Sadly it is too late good bye to many car manufacturers in EU,

[@larryc1616]

Yup!

[@audistik1199]

The fools deserve this, you reap what you sow. The writing is on the wall. The’ve spent too much time with naysaying the future, trying to convince the public that electric cars don’t make sense. My local co-op power company CEO sent out a letter saying there’s no way conversion to low-pollution power can work because of the mismatch between power generation and demand, totally ignoring the proven technology available. Tesla grid-scale battery’s saved them. This CEO thinks we’re fools. Unfortunately, many in his audience are ignorant.

[@jlrutube1312]

Thank you for being smarter than others.

[@NoiserToo]

@@audistik1199 - the only solution is to revert to ICE and hybrid technology if the EU has any prayer of recovery from these forest mandates. I wonder how the fired workers are going to vote in the next election?

[@ZREXER1250]

When governments decide what we 'want' by force.

[@thefunksoulplumber22]

Watch the video planned obsolescence with a lightbulb. Find Phoebus who they talk about and see how a conglomerate would fine companies for not sticking to the agenda which is what the union is all about. It will blow your mind, but at the same time, you will fully understand the underlying factors at play here that no one is talking about. Thanks for sharing mate. I'm half Dutch and my Mum lives in Holland so it's good to get as much info from both sides of the pond

[@RogerSutton-ik9fj]

Spare me the everlasting light bulb like the Edison one in the NY fire station as power consumption is the tradeoff and welcome to CF bulbs and now LEDs. You haven't got the everlasting CRT telly still banging away with the VCR have you maestro?

[@gagamba9198]

Ah yes, the lightbulb. You still listening to music on the phonograph, are ya? Sending messages by telegram? Just about every other product is cheaper, longer lived, higher quality, and has more features.

[@kramrle]

The solution is straight forward. Close uncompetitive plants in Europe and move manufacturing to Asia.

[@NoiserToo]

@@kramrle - what about all the fired workers?

[@larryc1616]

​@@NoiserToothey can work at Tesla Berlin and Volvo

[@blackicestudios]

As we say in Trinidad, you stick your get the click. They all took too long to adapt ……. Take too long to answer the phone the people gonna hang up.

[@lucvb1853]

The reduction of emission by ICE cars can also be achieved by promoting smaller cars. But the opposite has happend. Car manufacturers in Europe and around the world have promoted bigger and heavier cars. And thus bigger engine, thereby increasing the fleet emissions. This reason for this is purely profit driven. There is more profit in (very) big cars then in small cars. Don't start about this is what the consumer wanted. The car manufacturers came up with petty reasons why the smaller cars were not available for purchase, marketing did the rest. It's all about protecting those profits.

[@nathanbrumbaugh8545]

If the car manufacturer finds it not profitable to sell ice vehicles, stop making them! let somebody else do something different. I’m sure that’s the way supply and demand works.

[@larryc1616]

But that's all legacy auto can do. Ice tech and infrastructure is totally different than EV tech and infrastructure. It's like Analog vs Digital

[@johnbrown4568]

Yes...Germany has yet again gone insane.

[@larryc1616]

In the membrane..

[@RossBurrell-w8g]

The 12 chargers at Raymond Terrace were getting a good workout yesterday 🎉 The Tesla, MG and BYD people were a chatty bunch 😊all wearing that EV grin! Cars were moving out every 5mins or so so no one was waiting very long ❤

[@rawnet101]

Yes I counted the number of cars without exhausts I saw on the roads recently and it was about 2 in 10.

[@TomAllen-r8w]

Couldn't be true, all the EV "experts" keep telling us the wait is often hours.....I can't believe how much fear and misinformation is being spread about EV's.

[@gtkachyk]

Not only experts but pretty much all ICE owners.

[@rawnet101]

@@TomAllen-r8w Depends where you are of course, but Teslas send you to charging stations with free spots, so that is largely irrelevant. And the rollout will speed up next year, so…

[@TomAllen-r8w]

@@rawnet101 Sorry, I was being facetious. I spend a lot of time reading the crazy comments on the MGUY channel where EV fear and ignorance seem to be a prerequisite for subscription.

[@christianlibertarian5488]

“Do what China’s doing….” By that, you mean get huge subsidies from the government, yet have half of the EV makers still lose money?

[@leifvieri4372]

European carmakers do not want to sell their EV's. At least not here in Sweden.

[@richard--s]

That was for 2024. It might change in 2025 when they need each and every EV sold.

[@larryc1616]

Why?

[@tinysherpa7180]

The insane machine grinds on ....

[@jonathoncalabrese2035]

Walking straight into carbon credits

[@CraigBowers]

Easy with the b roll. 0:40 that isn’t a European gas station. That’s a national PetroCanada station in Canada, complete with Mapleleaf on the wall.

[@Truecolors326]

Just remember if people cant AFFORD NEW GAS CARS They will be forced to use OLD ONES and are they not MORE AIR POLLUTION PRONE ?

[@Krasbin]

Well, is it surprising that EVs are not selling when manufacturers in Europe charge insane markups for the batteries compared to the price they pay (markup about 3x the wholesale battery price).

[@thyristo]

That's why they warned their politicians not to duck with China.

[@TomAllen-r8w]

China is paying a heavy price for "ducking" with the whole world. The sales of Chinese EV's is not saving them from the massive industrial downturn and exodus of foreign manufacturers.

[@jeditoto3441]

And US production lines?

[@larryc1616]

In Mexico

[@davidhunter3605]

Tariffs on, in this case cars are a tax on consumers. It's not clear how long non car producing countries in Europe will be willing to pay say 20,000 Euros extra for a car, compared to a Chinese equivalent, to keep French, Italian and German car works in jobs.

[@R-S-X]

In the UK they get a 15k or something fine per car if 22% of there sales isn't EVs.

[@GruffSillyGoat]

The figure varies as there are number of mechanisms in the UK ZEV mandate scheme to offet the impact, New Automotive produced a report individualised by each automaker. For example those with a high volume of hybrids, means any overproduction in CO2 credits (with it's own target level in the UK) can be converted to ZEV mandate credits lowering the target for each individual automaker. They can also trade with other automakers, like Tesla as mentioned in the video, to buy ZEV credits, trade within group or borrow from next year's productoin volumes.

[@someone6170]

It is an average of about 4L per 100km for petrol and 3.4L per 100km for diesel.

[@dh510]

I think you got it backwards, diesel releases more CO2 per unit of fuel than petrol.

[@someone6170]

@@dh510 sorry, your right, have edited it to fix. Thanks :)

[@878Docto]

It doesn’t matter because no one’s buying their cars now so now they’ll be more expensive cars that they don’t buy

[@michaelketley1252]

I don’t think that Europe has the technological wherewithal to manufacture at a lower cost or match the Chinese advances in EV technology…..hence they are unable to reduce prices.

[@gagamba9198]

It would have to be an entirely new marque that's not tied to ICE-era labour contracts, old facilities, etc.

[@chosuriki]

Lol, the EU get what they deserve for following their American masters.

[@Truecolors326]

The World needs to work TOGETHER TO HAVE ROBOTS DO ALL THE WORK AND PRODUCE THE ABUNDANCE OF GOODS SERVICES AND HOMES ETC AKA BASIC NEEDS , SO HUMANS DONT HAVE TO SCRATCH AND CLAW TO.SURVIVE ANYMORE

[@michaelfung4629]

Imagine the picture was reversed: EU ahead of the game on EVs. They'd be finger pointing and jeering like barking dogs.

[@linuxxr-d]

ford/chevy/fiat just did it to themselves once again,, prolly a bunch of short sellers knocked down the big bucks

[@878Docto]

How much CO2 will they accept in the atmosphere? Do they even know?

[@talajon5469]

They could’ve reinstalled EV credits or increase it so more consumers will consider buying an EV.

[@rossnolan7283]

All because of the complete fallacy about CO2 and ignoring the micro particles of carcinogenic rubber compounds shed by overweight battery cars.

[@kenbehrens5778]

Ross no fallacy there regarding CO2. It is a noxious gas in the quantities currently produced that cause major health problems. Health of people living close to major roads with lots of petrol/diesel cars and trucks are a major concern.

[@thedarkone2444]

​@kenbehrens5778 You obviously haven't a clue and swallow whatever nonsense the government throws at you. Try to look this up, you know what percentage of the atmosphere is carbon dioxide? You ready for this? 0.04% yeah you read that right and if it falls below 0.02% all plant life (that includes us) begins to die off.

[@rossnolan7283]

Ken, better look up the definition of " noxious" first ( and stop breathing out if you truly believe it is ) CO2 is not toxic except in concentrations that displace oxygen (1000s of times greater) and yes, particulates are a problem but are only an issue as you say, at ground level next to road traffic which us why flying cars are a real solution to a real problem ( which CO2 isn't) also by dispersing emissions above ground inversions PHOTOchemical smog is a avoided and a huge improvement in travel speed also achieved - battery cars do neither....

[@calumgannaway869]

Sam, you keep saying it's more expensive to make cars in Europe. Does this include Tesla in Germany? Does Tesla make a profit on its cars from Germany and how are they priced compared to Chinese cars.

[@talajon5469]

Unions , and labor cost and lack of incentive for EVs are obviously the major reasons as why Europe in behind Chinese auto makers.

[@sun-man]

Thermal vehicles. Nice euphemism for oil burners

[@karlwest437]

Just imagine if every petrol or diesel car would leave a trail of ash at the side of the road, within a few years we'd be neck deep in it, we'd all be breathing in ash, there'd be public outrage and demands for it be cleaned up... Except that's pretty much what happens but the ash floats off into the air so people don't realise how bad it is

[@j55555j]

35% of electricity in the world is produced from coal, in China over 50%, and in India over 90%. Coal pollutes the air more than gasoline and diesel, and is currently the single largest air polluter in the world. Electric vehicles currently become co2 neutral at approximately 150,000 km, these are the facts. Electric vehicles are certainly the future, but they are also big polluters right now, only the people who advertise them don't want to say that. When we take into account the production of lithium, which pollutes the environment a lot, and the disposal of old batteries, things only get worse. Make no mistake, I'm a fan of electric vehicles and will definitely buy one in the near future, I just want to say that they're still not perfect.

[@scottgardener]

"This is outrageous! It's not fair!" Cue Revenge of the Sith memes...

[@tjmozdzen]

It makes sense - you want an ICE? Then you have to pay more to help us with the fines we have to pay tesla.

[@MohdNoorEzanHamzah]

Eu goes bonkers...how stupid

[@Altair885]

Let's be honest here for a moment and ask the question 'why do people buy EVs?' Primarily to save money, right? But is that actually the case! Let's take the average EV owner and see. On average most EV owners only cover a few thousand miles a year. This fact can be demonstrated easily by looking at second hand EV sales. Now let's suppose you buy your EV brand new and cover 56,000 miles in a period of eight years. Yes, it's true that if you home charge you will save money on the pence per mile cost. However, now you must work out how much you've saved over the course of that ownership. Does it offset the additional cost of buying an EV? Does it offset the depreciation? Lastly does it offset any of the repairs associated with EVs, especially once out of warranty? I think you'll often find over such low mileages the savings do not offset these factors. The only way an owner can recoup the losses is for them to cover a much higher mileage. At that point owning an EV makes financial sense. However, that is usually only for a period of time until the warranty runs out or just before, by which time the vehicle will have covered around the usual 100k miles of the warranty. By then many EVs often start to show signs of wear and tear. In many models it's been reported that major components such as motor bearings have shown signs of wear or have completely failed, sometimes even at lower mileage while still under warranty. If an owner can avoid any costly repairs and manages to sell the vehicle on for a decent amount then they will indeed have made a saving over an ICE vehicle. It should be noted once these vehicles have high mileages or are getting close to the warranty expiry date they depreciate very rapidly. And for good reason. An EV out of warranty needing any serious repair is virtually always uneconomical to keep on the road. Another point that should be considered when weighing up the pros and cons of either type of vehicle.

[@InterstellarMedium]

Sadly, it is becoming more and more evident that the traditional car manufacturers are going to go down the same route as Kodak. European car manufacturers have already become irrelevant today in the world's largest market (China) where the majority of new cars sold are electric. They probably only have about 5 years left to turn around radically before they become completely irrelevant, unable to compete against anyone and end up having to sell their famous brand names to a few successful (and probably mainly Chinese) car makers.

[@crosslink1493]

What with you China fanboys and Kodak? You all must be working for the same ministry bosses. Didn't you know Kodak is a vibrant company, still in business? Maybe the manufacturers outside of China will find a new way to make cars, then China's car companies will be the ones that are obsolete. Here today, gone tomorrow.

[@alexanderjansseune1763]

Increasing prices have brought them to the automotive cricis in the first place so further increase just makes it worse. And cheating continues with 30% overrated WLTP driving ranges ...

[@JorgeLausell]

Western nations-taxpayers, "prop up" and "support" while Chinese "subsidize".

[@luketoh1]

I don’t understand the difference. Never did.

[@andyfreeze4072]

The difference is one is protecting what is while the other encourages what should be.

[@crosslink1493]

@@andyfreeze4072 Same thing. China is known to subsize specific businesses so they can undercut prices in export markets, thus wiping out competition while keeping factories back in China running, as well as starting to build overseas factories that sell their output at a loss in the local market to do the same thing

[@ddrhazy]

Will offering only hybrid avoid the fines?

[@richard--s]

Politicians realized that many plug-in-hybrids were never charged with electricity. So, they cut down the incentives for hybrids. The politicians treat them as pure ice cars.

[@asajelfs8170]

The planet has had enough of these polluting vehicles. It's almost 2025, for gods sake.

[@Mark-l9k9q]

It was foolish of all the European car manufacturers to agree to such a fine. They should have said no. Leave it up to the buyer to choose what vehicle they prefer instead of forcing them to buy overpriced, highly depreciating, quickly obsolete EVs that you can't find anyone to fix and can't sell used. As this channel's host has stated, next year EVs will have much greater ranges and be much cheaper. So why would you buy an EV this year? Once the initial customers who want to take a chance on EV ownership are exhausted, sales reduce, as they have in Europe. It's worth noting that in the UK, 76% of all EVs sold are to companies. After three years these cars are dumped on the used market. A market where the customer base is as large as that of those wishing to own outdated three year old smartphones.

[@jeditoto3441]

Then why do you show gas stations in Canada?

[@EAGLE-34-]

Nio Firefly And ET9 coming next year 💪

[@focusedeye]

Why are you showing two shots of a PetroCan gas station in your story about China raising prices on gas/diesel powered vehicles. PetroCan is an abreviation for Petro Canada.

[@crosslink1493]

He's also showing clips of American car manufacturing. I recognize one as Corvettes and the other as pick-up trucks (not sure the brand). Odd since its a video on European autos.

[@mrbig7718]

So increase the prices so nobody buys cars so they collapse faster? Thought they were smarter than that

[@robertbrandywine]

Perhaps they want a collapse.

[@williamminogue801]

costs have to crash to where they are profitable !!! there you have it and I don't have a economics degree .... you can either compete or get out ... either standard of living goes down to match the output or it will totally collapse ,, debt has to be settled

[@basilfoster3107]

The party is over and now it is time to pay the piper. Hard times make strong men. Strong men make good times. Good times make weak men. Weak men make hard times.

[@donblythe3766]

The simple solution to the cost disparity between chinese made and non Chinese made vehicles is to put on a national sales tax for every product that is sold in Europe and eliminate every other tax that is on the books. Then the EU could fund the electric battery investments that are needed from that tax and the batteries would be provided to car makers for free. No Fossil fuels would need to be Burned to run cars or trucks Because the batteries Would replace the energy source..

[@larryc1616]

Too late

[@bakkerem1967]

What about building cheaper electric vehicles ?

[@MjMurphy777]

The West needs to transition away from car manufacturing. That horse has left the building.

[@rawnet101]

Autonomous transport is coming but it’s still about 10-20 years away - ReThinkX has the data.

[@JBear-in1ql]

This profiteering approach by the car manufacturers, and the government working in sync to keep out the competition, is to squeeze more profits from the consumers. As usual, this is a short term solution that benefits the share holders and government in power, but it will not fix the problem of car manufacturing decline in Europe.

[@christopherderasmo5041]

6:11 The reason is simple. They are selling EVs at a massive loss while at the same time investing billions into makeing them in their older manufacturing facilities. Both Ford and Rivian state openly how much they lose on each EV they sell.

[@rawnet101]

Tesla aren’t. They make profit on every vehicle.

[@christopherderasmo5041]

@@rawnet101 Which is why there will be a major shake up in the next 5 years. Only two to three coach builders successfully made the transition to cars and I feel it will be the same for EVs.

[@rawnet101]

@@christopherderasmo5041 We will see. All of the electrification tech still has a very long cost and development curve that will see electrification get faster, cheaper, and more reliable. ICE has had over 100 years of development and their curve has flattened. They’re done IMO.

[@christopherderasmo5041]

@rawnet101 Most coach builders went bankrupt by 1920 due to the Ford Model T that came out around 1903. History is not on there side.

[@rawnet101]

@@christopherderasmo5041 The past does not equal the future. That’s false equivalence. I guarantee electrification will happen regardless of anyone’s opinion, simply because of the economics. You will realise this in about 5 years if you let go of your confirmation bias and looked at just the data and trends globally, and understood the tech enough to know what is coming.

[@zizimai7568]

Carbon credits are rubbish. It should not be used for trading. One should continue to monitor carbon emmision of each country. No cheats.

[@JonNewell]

At this point in the game, the solution is getting further away. These legacy manufacturers have had 20 years to get their $hit together. Downsizing, amalgamating and continuing to do the same thing will derive the same result. They really need to abandon ICE and focus on EV’s, improve production efficiency and crawl out of the hole which they have dug.

[@peterwindsor9466]

So they eill sell zero ev and less Petrol! Used car prices willmincrease

[@FalkinerTim]

One argument for EVs that does not seem to get mentioned is that for most countries, including EU countries and Australia, every EV in the country that replaces a smelly vehicle helps the country's balance of payments as the country does not have to import petrol or diesel from overseas. As Electric Viking has recently pointed out, China is now reducing its oil imports at least partly due to EVs replacing smellies.

[@christryst]

@@FalkinerTim True, China is so green now, using coal to power it's eletrical grid.

[@rawnet101]

@@christrystChina’s coal fired power has dropped 86% and they’ve added 1,000,000Kwh of renewables this year. Keep pushing that old trope but even it is irrelevant now.

[@larryc1616]

It's good for both Europe and China to not import fossil fuels but rely on their own renewable s and nuclear for domestic energy. That would save and keep the monies inside.

[@robertbrandywine]

Using less oil doesn't necessarily mean not using fossil fuels. They are probably switching to natural gas.

[@serpserpserp]

The smartest ones will go out of business first, get some money for old assets that aren't worth much, then get investors in on a European version of Tesla. Build it all from scratch to be hyper efficient robotics manufacturing that has minimal people involved in the car making process. Even then the cars will still cost more because they have to buy batteries from someone, but they can at least be competitive.

[@christopherderasmo5041]

You can lease an EV Fiat 500 for FREE Colorado. Its desperate moves like this that make people think EVs are inferior. Why do they have to resort to that?

[@rawnet101]

On the contrary, others think this is indicative of the speed at which we need to transition to save the planet.

[@danielduggan7126]

My EV is nice to drive, but impractical in comparison to my previous Diesel Car. The limited range and a poor public charging infrastructure are the factors preventing EVs from being widely accepted.

[@davidnika446]

Yeah sure.

[@kevinW826]

Yep. The entire eastern shore of Nova Scotia-400 km-stretch has zero charging stations and two on the island of Cape Breton, one of which is always broken. There is one DC fast charger in all of Truro Nova Scotia and zero anything else. One in Liverpool and a few that are broken. And a handful scattered around the interior of Nova Scotia. The nearest to me is 45 minutes away. So there is no point in owning an EV here.

[@wgemini4422]

The solution is very simple, rent a diesel for the occasional road trips. Unless you drive long distance every day, then EV is simply not for you.

[@michelcote]

​@@wgemini4422 I tried that. the day you need it, everything is rented or the price of a used car. Not practical either. Maybe doable if you anticipate your vacations 12 months in advance.

[@jeffl4810]

​@kevinW826 I'm in Nova Scotia too. I found your statement quite surprising, so I checked Google maps. There's 14 EV charging stations listed in Cape Breton island alone. And a whole bunch in Salt Springs, and what looks to be one in Alds Cove. They are popping up everywhere. And as adoption increases, more will become available. This is good news to me, as my next truck will be an EV. Granted I am holding out for an EV with a 200+ kWh battery, as I will be able to tow to my destinations without needing a charge top up.

[@frankcoffey]

That how you create a win-win situation. You either avoid the fine or make more profit. Increasing the price of gas and registration fees on any car with a tailpipe is another good way to drive adoption of EVs.

[@Mixos_place]

Same happening here in Oz.Seen toyotas latest update to camry and prado.Up by 5K to 12K on the new models.No thanks toyota, going Chinese with 7 year warranty.

[@harold18659]

Solution: Abandon EV's, no imports of cars, stop emission regulations, with a captured local market they can sell ICE vehicles at whatever price they need.

[@rawnet101]

Not gonna happen. We are living through a phase change and legacy auto is a dead man walking. You sound like a buggy driver from the 1900s. 😂

[@larryc1616]

Like analog film, analog phones, DVD and yellow taxis?

[@randygraham926]

Harold, you must have a VW dealership .... I can see the glint in your eyes..... 🤑🤑🤑🤑🤑🤑🤑😂

[@Kallon-r3b]

We don't have 15-20k EVs u Europe with safe batteries. All of them are using flammable NMC batteries and charge ridiculous prices. Firstly, nobody wants NMC batteries and secondly nobody wants to pay more than 20k for a new car. Used cars 5-10k max, not 20-30k for a used car!!

[@jimtekkit]

The Law of Unintended Consequences strikes again.

[@erezyoal]

It's not economic to do anything In e.u.

[@MariaGoya-hg7hz]

Petro Canada footage not EU

[@jmnka]

The end of the legacy automakers….. you wanted this

[@richard--s]

They did ignore EVs, did sleep for too long.. And literally everyone told them to make more EVs, but at a reasonable price. No, they continued to sleep...

[@DonnellChester-xd7yg]

No they need to reduce the price and build out charging stations with affordable charging prices, on higher quality ev's people would gladly buy an ev.

[@Zalley]

Yes - more affordable charging, more charging stations and also much faster charging, plus help people with problems setting up charging at home.

[@freeheeler09]

Donnell,,corporations and the rich have easy access to cheap capital. Working people do not. One solution is to provide affordable access to capital for regular people to install solar, insulate and electrify their homes, and switch to EVs. The benefit society wide of helping citizens instead of only oligarchs build wealth would be staggering. And, people who gave solar, batteries and EVs will pass on far more wealth to their children than people who do not.

[@DonnellChester-xd7yg]

@freeheeler09 the only problem with that is many of the people who would potentially buy ev's don't actually own homes

[@ClausKiep]

There is a worldwide overproduktion capacity in cars. The term is saturated markets ! In the 70ies this was openly discussed, stating that the industry must adjust to replacement demand only. Of course you can delay and mask this with emission and safety regulations, cash for cluncker programs and forced transition to EV's. You want a sugestion ? Just force out from circulation all cars older than lets say 5 years by law. Sounds silly ? Not more than the other measures above. To deal with overabundancy is more painful than with scarcity - just like with your body mass index !

[@markrowland1366]

Beg Tesla to the over. Remember the US was giving subsidies to Chinese makers three years back. Beg.

[@alfredotto7525]

Cheap labor will come from robots. The people will be living in the streets.

[@Truecolors326]

I already am over 6 years

[@RogerSutton-ik9fj]

Euro carmakers can't drop their EV prices to China levels without going broke so of course they have to pass ICE vehicle fines on to consumers. It's what the fines are meant to do to make EVs relatively cheaper.

[@andyfreeze4072]

you would support them if they made an attempt, but no attempt equates to contempt.

[@alexishart1989]

And so it begins...

[@russellgillick7938]

There should just be a Carbon tax. Targets, carbon trading, unachievable pollution controls that require catalytic converters and other complex technology is just a waste of time and money.

[@PianoBoy99]

If we ignore the pollution and global warming parts there are very practical problems with EV Adoption on a wide-spread scale. Both in charging curve, charging infrastructure, stability of employment bases particularly in Germany. That said, I believe that this transition is happening. Whether it is subsidized or not. Think of it this way. At 125,000 miles, the typical automobile will consume 20,000 dollars worth of gasoline (more in Europe based on current prices). Based on electric prices in Germany today, the price of electricity for the same car is about 16,000 dollars. So there is a built in subsidy of 4k at current prices. In America the difference is even bigger It's about a 15k differential (at least in NY). Why buy a car for 30k, and then spend 15k more for fuel. In what scenario does that make sense? EVs are cheaper to make than ICE cars. Those who are saying ford and GM are losing money are really saying that their capital investments haven't been fully depreciated, like they are for ICE cars. Imagine you build a hotel for 10M dollars. Then you start renting out rooms. Each room costs $100/night. If you decide you need to make back your 10M dollars in the first year, then you would lose money on every room. But you don't. The hotel has value for years to come. So you "amortize" that 10M dollars over the 30 year life of the hotel. Now you are making money. That's where U.S. car companies are right now. They have a cash flow problem (lots of investment required), but not necessarily a direct profit problem (yet). EVs are coming. There is no stopping it. The question is how do we adapt to it.