How is electric car demand? Used EV Market Update November 2024

[@SteveLomas-k6k]

I like that convertibles are up 21%- and apparently Britain buys the most convertibles in Europe- You have to admire the optimism!

[@itsstan4346]

Battery health is No1 for buyers below the 25k + cars and should be mandatory for dealers.

[@davidlewis4399]

Not really its residual value of what you but EV just chuck your hard earned down the drain.

[@decimal1815]

@@itsstan4346 agreed, at the bottom of the market EVs are a battery on wheels. Different at the top end obviously, and middle range EVs usually have 60+kWh so not as important.

[@tonyireland2234]

People ignore the fact that the vast majority of the UK population do not want an EV ! It doesn't matter how many charts and stastics they are shown, the Government cant force people to buy something they dont want.

[@mdex1]

I know a lot of people who want an EV. Do you have a source to back up this ‘vast majority do not want an EV’ ?

[@imprezaaudi]

I rarely hear new EV owners wanting to go back to ICE after trying an EV

[@Youtubedotcomma]

@@imprezaauditrue, I’d never go back

[@raymondvaughan6262]

Yes they can think about it petrol and diesel cars just stopped being made we no its not fair but it will happen what I want to no if cheaper to run will bus fares go down and taxi's don't think so

[@mdex1]

@@raymondvaughan6262no nothing will go down

[@jelloMohnny]

Another great post - you are one of only a few genuinely useful KZbin channels out there. Keep it up sir!

[@KlausEvenEnevoldsen]

I project that until Elon steps down as CEO of Tesla the demand for Teslas will drop (or at least not match the supply).

[@Jaw0lf]

I always find it interesting even just as a consumer, when you give these insights. Great to see that you are still seeing increased demand. When the demand outstrips supply I guess that this will push up the pricing for used EV's?

[@RBcymru]

He sells EV's so the figures are in his favour but are they being fudged by dealers registering cars to avoid the £15 for not selling them ?

[@marklambert2750]

Don’t believe it, it’s absolutely ridiculous 🙃

[@RBcymru]

@@marklambert2750 Cupra did it back in May 2024. They had loads of pre registered cars and sold them with delivery miles at £6000 off. So it is true.

[@davidlewis4399]

Pre reg EVs skeeing the figures watch Barry Crumpton video

[@RBcymru]

@@davidlewis4399 Yes Cupra did it in May 2024

[@CumuloNimbus-UK]

The cost of public charging has got out of hand hasn't it? It's becoming a blocker to me. 80p/kWh implies it's like an ice car that's doing about 25mpg? yes I would charge as much as possible at home, but I regularly do daily trips of 400m+.

[@decimal1815]

@@CumuloNimbus-UK agreed. Public charging is too expensive. Needs to be capped at 50p / kWh

[@trevorberridge6079]

@@CumuloNimbus-UK 80p is at the very high end of what you'll pay. I pay as little as 62p for Rapid charging. If I had access to Tesla chargers it would be as little as 50p. And there are still many free 7kw chargers for places where you need to stop slightly longer for lunch. I've done the calcuations many times. Charging my Leaf at it's most expensive is slightly cheaper than equivalent ICE fuel. My standard cost is equivalent to one third as much. I use the very simple comparison method of how many miles I get for every pound I spend. When I first got my Leaf I got 27 miles per pound spent. My previous car a petrol Ford Fiesta got 9 miles per pound spent. The ratio has hardly changed as petrol prices rose way more than electric prices.

[@Simmsited236]

Of you're doing daily trips of 400 miles plus, what made you think and EV was a good idea over a diesel? Genuine question

[@trevorberridge6079]

@@Simmsited236 Is this another version of "I drive 400 miles non-stop every day"? The average speed achieved on UK roads is 45-54mph over long distances including motorways. That means at best you'll spend 7.4 hours on the road to cover 400 miles. At worst 8.9 hours. But that's average. On a bad day you could be taking over 11 hours. I myself have sat in motorway traffic that moved less than 2 miles in 90 minutes. It happens. The bottom line is that even half that distance at best average speed takes 3.7 hours of non-stop driving. Most people would need a stop by that point. A quick bite and a toilet visit could easily take 30 minutes. That's enough time to add the charge you need for the remaining distance. The "inconvenience" is minimal.

[@CumuloNimbus-UK]

When I said I regularly do 400+m ride that's about 5 times a year. Semantics I know, but it's still quite regular. :) . Second question to me "why not just keep the diesel?" because I really like the idea of the smooth quiet ride of an EV, I haven't driven one but I'd like to, charging at home seems great idea too, also I dislike having to maintain an ICE car.

[@decimal1815]

Battery state of health numbers are quite useful at the lower end of the market where you're basically buying a 'battery on wheels'. Nobody would buy a LEAF without a SOH report, for example. Kia and Hyundai hide the true SOH until the 4kWh buffer is used up, so the report is probably only useful once the car is a few years old.

[@FFVoyager]

My Ioniq 28kWh is 8 years old and at 49k miles still reporting 100% health and still doing the sort of mileage on a full charge that they did when it was new. 🤔

[@Lewis_Standing]

​@@FFVoyager same here for my Kona. However if you know the science of battery life, it's impossible for it to be 100%. Hence the OPs statement that Hyundai is saying the usable battery size is still 100% in the SOH figures, but the battery is degrading and it's hiding the maths in the net battery size. It's basically creative accounting to say that the SOH is still 100%. They need to be more open in what they mean by that. We don't want state of health "gate"

[@FFVoyager]

@@Lewis_Standing I don't know - if the effective state of health, the available battery, is still 100% (or very close to) which it appears to be, then it's not lying to us. Yes some of the buffer will be no longer accessible but that's not actually affecting our use of the vehicle. 🤔

[@mikedennett3291]

​@FFVoyager how many miles do you get out of it? I have seen people sat they can get 6m kwh. More efficient than a model 3?

[@FFVoyager]

@@mikedennett3291 more than 6mi/kWh is easily possible - my average over more than a year is 5.4mi/kWh (185 Wh/mi) which is somewhat better than the average my wife's Model 3 LR is getting!

[@animationcreations42]

Every so often i check the value of our 2018 Leaf on WBAC, in June they offered £6800 with 28k miles on it, August they offered £7300, September they offered £7500, and this week they offered £7900 for it with 35k miles on it. Its almost to the point where it might be worth keeping it at the end of the finance deal!

[@decimal1815]

I've noticed dealers are holding prices on 40kWh LEAF at around £9k or above. Private sellers are selling for less though. Values are generally holding up well for a 6-year old car though. Might see some movement in December in anticipation of new smaller EVs coming to market, but there's not really much out there below £10k that competes with the LEAF / Ioniq / Zoe.

[@animationcreations42]

@decimal1815 Honestly, if 140 miles is enough I don't see a better choice than the Leaf. It was a toss up between the OG Ioniq and the Leaf for me (I liked the Zoe, but it was too small). In the end the Leaf was a nicer place to be and it had better tech.

[@RBcymru]

Really ? Ever other EV is dropping. I sold my 2022 plate Born in June and it has dropped £2000 more since then. Use What Car and Autotrader for more accurate values. WBAC is a joke mate.

[@decimal1815]

@@RBcymru I always use AT

[@tonyireland2234]

Take it to them.Let them inspect it and then tell us what its actually worth.Thought not.

[@sfraser12]

A great video. I'm looking for a model 3, upgrading from a leaf. I've learned a lot from your videos so far. Thanks

[@Fanaleds-software]

@@MrDennisdavey Also much more expensive.

[@martinogold]

@@MrDennisdavey It's a soccer mom crossover though.

[@lanista78]

I brought up the question of battery health under one of your previous videos and you replied, if memory serves right, quite dismissive. It's sad to see that your stance did not change much and you still compare the battery of an EV with the engine of an ICE car. The battery is the energy storage and defines usability/range. The engine is the propulsion device. If you'd like to make a correct comparison, degrading battery is a bit like your car's fuel tank shrinking over time. So we did not do a similar test with combustion cars, because their tank doesn't shrink over time. But heck, when I buy a used car, I'd do every test I can. On Autotrader, there are dozens of cars that are advertised with nameplate range of say 300 miles and photos of their screens show "54% battery, 80 miles range left". I reckon this is an issue, especially given the large share of leased cars, ubers, i.e. people don't "own" them, meaning they don't care, meaning most of them are not kept 20-80%, probably frequently fast and full charged etc. etc. This means potentially stronger-than-expected battery degradation. No one wants to buy a 300 mile EV and then see it's got only 180 miles "left", especially for private buyers with one car households and they want a main car. I subscribe and like your content, and would honestly recommend you to lead here, rather than dismiss it. This would give you a huge competitive advantage over other dealers. There are plenty of battery health software available and not all of them take 24 hours like Tesla's own system test.

[@SDK2006b]

A 300 mile range EV, could have a range of 180 miles in the Winter, if driven hard on many short trips. e.g. My BMW iX can easily do 320+ miles on long summer trips. But in Winter I can drop & pickup my son from school (2 miles way) 10 times in a week, and the range is only about 190 miles, even less if I pre-heat the car when it's not plugged in. The onboard range estimator display only shows 1/3rd of the data you need to judge overall range - you also need to know how it was driven and in what temperature.

[@lanista78]

​​@@SDK2006b yes, plenty of possible reasons although I am pretty sure a car standing in a dealership should not show that sort of far off numbers. I reckon if that's the calculated range when it's parked, what would it be if it's driven hard in winter? Anyway, this makes again the case that it's even more important to rule out any potential battery health issues. I am pretty convinced, couple of years down the road this will become standard information required. So being ahead of the curve is not a bad idea, imho anyway.

[@RBcymru]

My 2 year old Born lost nearly 5% with under 10k miles. Batteries age and degrade why do you think the warranty is for 100k miles and 8 years but 70% ? Its because batteries will degrade no matter how you look after them. Fast charging increases degradation quicker but Symons doesn't want to tell you that.

[@niceboy60]

I ve been studying batery degradation numbers and for the Average Consumer it does not mean much, the Sad reality when Battery fail, it's not progressive nor Gradual batteries often fail without any warning, one minute you are Driving at 70 mph the next minute your screen is filled up with multiple errors, saying pull over, there's loads of Video Evidence Bjorn the Asian Fellow which tests EVs had replaced at least 3 batteries on his Model X Blue Milenium Falcon and 2 Batteries Faliure were caught on Camera, it was all Sudden and I m convinced Because the car was New his battery had Stunning SOH readings

[@gatehanger1385]

Used electric cars will see depreciation similar to computers. When PCs first came out they were pricing. Now people can't give them away.

[@decimal1815]

@@gatehanger1385 all cars depreciate, always have done 👍

[@kalex381]

It seems to me the demand for used EVs is very weak. Yes it’s up compared to last year but looking at percentages can be very misleading when numbers are small…it seems to me lot of buyers are very sceptical about EVs and because there are no government incentives for used EVs…demand is subdued. For the new EVs, majority of buyers are fleet or businesses..private non business EV purchases is a very small part of the market.

[@jonathantaylor1998]

Although I'm struggling to get a Google result that confirms this, I do know that many private EV buyers go for PCP deals, where the legal owner is the leasing company, so, presumably, these PCP cars are classed as 'fleet' on the industry data? Therefore, I imagine that's why it 'appears' that there are so few private buyers taking on EVs.

[@kalex381]

@ not sure but you raise a good point…according to data from SMMT , ytd [ October) , 82% of cars sold on UK were ICE cars and pure EVs 18%. of the 1.66m cars sold ytd (October) , 980k are fleet purchases, 643k private and 36k business purchase. Assuming, 70-80% of new cars purchased as private are on PCP deals, I would expect the fleet share to be even higher than what the stats show. So not sure if private PCP deals get classified as fleet.

[@a1paulh911]

There seems to be a lot of 'smoke and mirrors' with these stats 🤔

[@Kirlacuna]

How would you predict that the EV9 is going to perform in the second hand market when they have been out a year or two?

[@steveyoung8376]

hi Richard I dont know which cars report battery health. An important consideration is AC charging versus DC charging kWh.

[@RBcymru]

As well as batteries age and degrade. A battery health report can be inaccurate as many do not do a 100% to empty load test like Tesla.

[@matthewspry4217]

Thank you for updating us on the demand, I'm an investor of multiple companies and happy to hear

[@ramblerandy2397]

Ooh, you've got a Genesis. Is it a GV60? Nice colour.

[@simonholloway7200]

This was very interesting, and I now understand why my 2020 Model 3 which cost just under £30k in June 2022 is now only worth £16k trade in back to Tesla. It seems the thing to do is to wait until 3 years after a model comes out in order to ride the supply wave coming off lease deals. Has the introduction of the M3 Highland hit values as well yet? I’ll put off buying a current Model Y until the new Juniper version comes out.

[@RBcymru]

All EV values drop off a cliff for the first 3 years. I bought a new Cupra Born in June 2022 because the lease deal was more expensive. I lost 44% in 2 years and sold it quickly. From June 2024 when I sold it to today the car would have lost a further £2000 plus. Cupra Born value depreciation is following VW ID3 cars almost exactly. A 3 year old similar spec car to my Born is £16000. Basically take off the 20% VAT then deduct £4000 to £5000 a year. The used ice car I bought hasn't gone down at all.

[@GPR111]

Do not buy an ev. Period. If you really want to believe you are saving the planet..... lease it. Do not buy unless you are rich or foolish, or both.

[@RBcymru]

@@GPR111 Leasing is worse as you only have the car for 3 years then it will sit around unsold. You need to do 50k miles in 8 years to make it green and charge off solar.

[@stephenwensley]

What you need is Tesla to integrate that SOC health check into your power wall, so it just happens in the background when you charge the car and alerts you if something is outside the normal parameters

[@simondehaas8784]

VW have been offering a battery health certificate with all approved used cars since early this year. I found it useful but the standard test has a big error margin, its just what the car tells you, like you said BCA use. And it's only really useful for comparison with other VAG cars, to see if it's in the normal degradation range, not for comparing with anything else, because the measurement of degradation is so unstandardised. There isn't even a standard way of measuring usable content when the car is new...

[@RBcymru]

All EV's after 2 years will have some degradation. My 2022 plate Cupra Born, sane as VW ID3 had lost over 4% with under 10k miles when I sold it in June. Car had been on 50kw DC charger once and all other charging on AC at 11kw and 7kw.

[@BarryMakariou]

As a private buyer you can hand car back after 50% is paid these are then going back to market much less than market value

[@splangif]

Isn’t demand for y down due to NEW model y coming out soon and this will make old model y come down in value?

[@me1td0wn366]

Probably more to do with cars coming off lease, so supply going up massively

[@martinogold]

A lot of traditional Tesla customers will be put off with the new Evil Elon.

[@BarryMakariou]

When I 1st tried to sell my MYP there were 20 for sale now over 60….with no spec difference to make a car stand out it now just goes on mileage the lower the better

[@CumuloNimbus-UK]

Thanks Trevor for your helpful advice.

[@ajcball]

You skipped lotus on -80!!

[@markrowland6494]

I saw a KZbin video recently where Taycan Turbo Ss are down to c£55-60k now, huge depreciation, and as a Model Y driver with a couple of years left on my company car, very tempted to switch to one of these 🎉

[@stevewhitmill2037]

Nice that you can afford one.Most people cannot.

[@muffin535]

My son-in-law has just taken delivery of a Taycan. He absolutely loves it. He also has a Tesla 3. What he told me was the range was no where as good as the Tesla. Perhaps it’s due to the fact that the Taycan is probably a heavier car.

[@florenciaurzua8009]

which website did you use on the video for looking this information? Regards,

[@KiwiShoot]

What's gloomy is the colour range on cars these days :-( Any chance on an update on your solar ? Love seeing those numbers.

[@alfie217]

Good insight, enjoyed your input. Why is nobody talking about the Dacia any thoughts?

[@martinblackmore4515]

Its very interesting that the gov targets are forcing the manufacturers to produce more EV's and yet it with the massive depreciation a private buyer would be crazy to buy new. The fleet market is buying but in order to hit their targets the manufacturers have to appeal to the private buyer. It will be interesting to see how this works out - subsidies or re negotiate the targets are the only option so people will hold off if they have any sense.

[@ComeJesusChrist]

All the penny-conscious budget motorists will have their waking up moment when they have to charge at a public charger, pay road tax, congestion charge, ULEZ and when it comes to selling or part-exchanging.

[@dndkillaztreble5317]

Yeah it was fairy land 4 years ago

[@FredFox-m9v]

It is in Autotrader's interest to make the market more rosy than it actually is, to encourage buyers and to sell more cars to make money ?

[@conradmilson6654]

No mention of the Polestar 2.

[@RBcymru]

Are the "sales" registered cars to avoid being fined £15k per car not sold or company car drivers saving money selecting EV's ? Why aren't we told the percentage of new and used cars sold to people along with the lease numbers as well as number of company cars ? I am sure it can be done but perhaps dealers and government do not want to tell us ?

[@tobycolin6271]

Let’s look at Market health (1.24) Diesel up 19% Petrol up 16% Traditional ice (16 +19) / 2 = 17.5% increase BEV +10%. Means that EV sales are 7.5% down when you take into account the market growth. What would keep me up at night is the fact that there are 37% (1.42) more EVs coming to the market than are selling. This is bad for anyone who stocks cars as the value of your assets is depreciating Let’s look at the manufacturers that have good market health (3.40) , funny old thing these manufacturers seem to have a high number of pre registered EVs and discounts.

[@decimal1815]

Demand is up across the board for EVs though - contrary to what other channels claim.. Supply will go up and down each month, but demand is always up.

[@tobycolin6271]

@ the demand is up for all vehicles including petrol and diesel. the point is the increased demand for EVs is 6%less than ICE vehicles. When you look at the numbers the EV sales increase is tiny and if you take in to account the large amount of pre registered vehicles that have been heavily discounted then the increased % EV sales is far less. We have entered the worse quarter for car sales and to hide its fact you fact when numbers are low you always quote gains in % and losses in car sales. If I sold 1 car last October and 2 this October I would quote a 100% sales increase, if I sold 0 cars this year I would quote the actual cars sold. In high sales volume quarters you quote the other way round. Low volume sales increases are always quoted in sales % high volumes in units sold.

[@Sweety1915-nono]

​@@tobycolin6271I believe the timestamp you're referring to is market health, as you say, which is only partly to do with sales numbers/demand. The other portion of market health is supply, which is relatively steady for ICE right now, if not slightly constrained in the 3 year age bracket due to lack of supply from COVID. EV supply in the used market is massively increasing (see the Model Y numbers Richard uses as an example). Without the details you can't make the assessment you have tried based on market health figures alone - that number is essentially a guide telling dealers where to put their money to maximise profit.

[@mikeypc3592]

​@@tobycolin6271let it go fella. No-one's forcing you to buy an EV.

[@Icecoldgaming-vlogs]

I love my Hyundai iconic five but in my town Cheltenham we have seven superchargers so I find it annoying because half of them are always out of order or occupied and the council are planning are not planning to install more this year or 2025 so I might have to change my car soon

[@antoniopalmero4063]

More model 3 teslas have appeared on Autotrader so I guess their lease deals ended , prices do seem to be remaining quite buoyant though .

[@Cobraguy321]

Great to know the latest demand and statistics. Thanks.

[@MrBatchy123]

Hi Richard I’ve had a DIR_a149 code and Tesla have said it needs a new oil pump and rear drive unit (3du). This went in April and was fixed showed another error in May but told it was fine, and has happened again in November and needs fixing again. Is this a big worry or easy fix. The previous parts are covered under warranty but should I be concerned?

[@Manoharan]

Hi Richard! Where do you see Tesla Model 3 prices next year as we have more and more high milleage Teslas now? I would like to buy one with the LFP battery fitted model 3 for £13k to £15k may be with mileage below 80k. Do you think this is possible in the future?

[@martinblackmore4515]

Why do you think the press have such a downer on EV's whats going on

[@trevorsbarkingmadchannel4501]

Very interesting vlog. Look forward to the mg5 review. Best wishes

[@graemetighe]

How much is that demand is coming from company cars I know my job every company car has to be electric

[@IMon503]

I have been looking at changing my car recently and have looked at your stock as well as Auto trader. My biggest concern as a private buyer is the depreciation as the premium electric cars deprecate so quickly and there doesn't appear to be a point where they level off.

[@Theekylesmith178]

I trust your own knowledge, more than the big corporate companies.

[@Wol747]

Richard - love your videos. I was in hospital for 2 months after a stroke so the model s was unused and unplugged for all that time - wife does not go near the thing - would that have any effect on the battery?

[@StephenLawrence01]

Depends on battery type and charge level when you went into hospital, I hope you are now well and up and about!

[@Wol747]

@@StephenLawrence01 the "old" 100Kwh Raven battery - would have been around 70 - 80% all the time but not plugged in. Thanks for the good wishes - I passed the test and am driving again (carefully!).

[@Pulpdiction1999]

Tesla deals on the MY have killed the second hand market, there's loads of deals on Autotrader where people are asking for £600/m payments for near 3 year old cars with 60k+ mileage, when new ones, with much better range are £349/m with £4k down. Hence the depreciation of between £500-£1000/month on these used models, by end of Feb they will be around the £22k mark for a 50k mileage 3 year old MY. The early lease models will need to be shifted and there's no value in these at current prices. Expect a price correction/high depreciation over the next 6 months for most models, Perf might fair a bit better.

[@RBcymru]

Basically take off the 20% VAT then deduct £4000 to £5000 a year.

[@simonrichardson3167]

@@RBcymru I think that VAT line is absolute rubbish. They just depreciate to what the market wants to pay to suit supply and demand and Tesla for one have saturated the market

[@RBcymru]

@@simonrichardson3167 NO because all cars loose VAT as soon as they are delivered or you drive them away. That is why GAP insurance is advised because if you drive off the dealers forecourt and someone hits your new car is is worth less because the VAT is taken off straight away. Everyone knows that ?

[@simonrichardson3167]

@@RBcymru I still believe that is rubbish re VAT have you any evidence or did you just lap it up off the internet or a car salesman. They lose an amount because they have to become cheaper than new from day 1 of being used, to appeal to trade/buyers

[@RBcymru]

@@simonrichardson3167 All cars loose VAT as soon as you take delivery. A £20k car with £4k VAT cost you £24k but as soon as you drive it its only worth £20k. It's simple business knowledge. Why do you think GAP insurance is a good idea ? You really do not understand business. Ask any dealership.

[@mjcamp01]

I asked for market data, and you delivered, thanks Richard. I would really be interested in your thoughts on the MG5, you rarely seem to stock MG, but they seem (Cleevley) to come recommended.

[@BeingD2023]

during winter I thought sales drop people want new car when warmer weather comes that want i was told in the past. I wonder is this came from some one bought a leaf and the battery was terrible. there is a video on YT about this car. was not good for BCA. so maybe they are moving to back there position.

[@donaldduck5731]

Watched a video on a VIVNE 75kW Nissan Leaf replacement battery install. I bet in a few years time replacing and upgrading EV batteries, increasing range plus charging speeds will be totally normal, and why not if EV’s are capable of 1 million miles, the equivalent of five ICE car lifespans.

[@decimal1815]

prices of the upgrades need to come down by about 50% to make them viable.. but hopefully that will happen one day

[@victaflyer]

What do you expect the impact on the market with the new vehicle tax rules in April 25?

[@PCRoss2469]

Model Y Osborne Effect as well

[@splangif]

Demand for electric cars up due to very deep DISCOUNTING by manufacturers

[@evostu7814]

They were way overpriced to start with, these discounts are bringing them in line with petrol versions, which is the only way sales targets will be reached.

[@MrJinske]

Lots of price reductions, even more for ice junkers as well but more than evs

[@michaelgoode9555]

Lots and lots of very heavy discounting on ICE vehicles too.

[@devonbikefilms]

Lots more happy customers that won’t go back once they discover how easy EV ownership is.👍

[@seanyboy3]

If they're all "discounting" doesn't that mean that's just the price? 🤷‍♂️

[@petersimms4982]

Octopus 👍😊

[@PranjalBhatnagar09]

MG ZS EV Long range (new shape) is a good price now to get a good 250 mile range car with lots of features in the car. Sunroof, MG pilot and more

[@RBcymru]

Not in winter

[@PranjalBhatnagar09]

Probably closer to 220 in peak winter

[@RBcymru]

@@PranjalBhatnagar09 250 possibly but 200 on the motorway. Winter most EV's do 20% less to 30% less unless heat pump etc.

[@PranjalBhatnagar09]

I must be driving really efficiently in that case because I do hover between 220 to 250 miles on the motorway in the ZS. Also, it's at 70mph not 50 or 60 to eek out more range.

[@RBcymru]

@@PranjalBhatnagar09 Really because MG do not claim that on their website ? MG state 207 so are you always going down hill LOL

[@steveyoung8376]

Nissan leaf battery health the bars is the only one I can think of

[@steverobinson2389]

I got myself a BMW i4 eDrive 40 late September and home charger. Second hand. But love it and so amazed how dirt cheap running cost is, just doing the shopping runs less the £5.00 for October

[@dangosypethau]

wishing the best for the future of EVs but they are still only 2.7% of the market

[@raymondvaughan6262]

@dangosypethau till they stop making petrol and diesel cars government telling you whatt to drive it will happen and really won't be long sad to say

[@rajnaik5787]

Uber is going all electric at end of 2025 - will be a huge demand. Drivers without a home charge will suffer great misery.

[@LewieLeway]

Is ‘demand’ the same as feeling ‘forced’ due to taxation? It would be great if all cars were taxed at the same rate and it was a fair playing field. That would show genuine ‘demand’.

[@NckBrktt]

Most people don't buy new cars, businesses buy new, so it all makes sense. Nice the see "from the horses mouth" the myth about nobody buying EV's dispelled. Enlightening to see how 2nd hand EV market is really taking off.

[@peterpan6821]

If someone has to explain how well they're doing, they're not doing well.

[@tavi7]

I’ve seen a 60k mile Model 3 LR on BCA with 95% battery health, a 13k mile LR with 87% and there is a SR+ up now with around 110k miles that has 91.6% SOH and 88 battery score. That is a huge difference in degradation per miles driven In my opinion this will become a selling factor in the future because dealers will brag about it and BCA is one step ahead

[@remotaurog]

I wouldn't put to much faith in those numbers ,its extremely difficult to measure battery health which needs very expensive equipment to do so.

[@tavi7]

@ The company that BCA is using has a product that calculates degradation by fully charging and discharging the battery and they say that it’s very accurate. That is not the product BCA is using tho as it would be impossible / way too expensive for an auction to do that. Still, even as an estimate it’s useful

[@RBcymru]

The battery degrades with age as well. A proper battery test is a full load test as many battery control modules can be wrong. Lithium batteries can be as much as 5% loss in 2 years and 10 to 20% after 8 years with careful charging. Never buy an ex lease Tesla.

[@johnbev2336]

Another great video Richard. Kia is trying to boost sales, Uber and Kia Niro our giving big discounts for their drivers. I spoke an Uber driver who gave me the insight, with charging benefits.

[@Lewis_Standing]

What's their charging deal then?

[@raymck2115]

Other great information, it's your fault I went electric; so pleased and wouldn't go back

[@martinblackmore4515]

It appears to me that ALL electric cars lose more money over 3 yrs than their equivalent ICE equivalent. I still don't understand why. But its a disincentive to buy

[@ashleyhouse9690]

How is the status of second-hand cars indicative of the EV market? Surely it's new car sales which are tanking?

[@decimal1815]

.. because most people buy used cars.. and demand for EVs is going up by around 50% each year.

[@michaelgoode9555]

New car sales of EV's is rising rapidly too. Sales of new diesel's in particular has tanked.

[@ashleyhouse9690]

Yeah, right

[@decimal1815]

@@ashleyhouse9690 en.m.wikipedia.org/wiki/Delusion

[@StephenStyring]

May be good but the public are being forced by government to be these cars

[@michalstelmach4203]

How? You can buy ICE car. People CHOOSE to buy an EV. Get over it.

[@michalstelmach4203]

How? People CHOOSE to buy an EV over ICE car. Get over it.

[@steffydog]

Are you confusing demand for people looking to see how much a car has plummeted, not a buyer, just looking to see how much they saved by staying well clear of the EV chaos? Tacan a bargain? Oh behave, bargain against the mental price they were listed at, the market will always decide the true market value, and the answer there is not a lot, again, wouldn’t touch one with a barge pole. Are you not buying a paperweight albeit a few years away?

[@SDK2006b]

Sure, because EV batteries are failing after 3/5/8 years 🤣 Porsche’s have always been expensive - nothing new there. The reason why Taycan’s (any EV) loses so much money was highlighted in this video. If they only lost normal amounts, it would be cheaper to get a new one, than it would be used, due to the tax incidents on the new cars. So the used EV market prices are low to appeal to people to buy them, over new cars.

[@bigjml]

Great demand for used EVs It’s because they have lost a fortune over 3 years. And let’s not forget that Uber have been giving drivers £5000 to upgrade to an EV Which will clearly improve sales

[@decimal1815]

company car sales boosted ICE car sales data for years too.. Lots of depreciating EVs on the used market is good for people who want a great cheap EV

[@michaelgoode9555]

Uber tend to prefer hybrids and especially the Prius.

[@tullysuk]

9:04 nice to hear the Dukes of Hazard are in the New Milton area, maybe they want to trade in The General Lee for a General EV😂😂😂😂

[@ADayWithoutYesterday]

Would you be up for a debate with Barrie Crampton?

[@bigjml]

Data is data.

[@SDK2006b]

These videos contain real data, presented from an experienced EV trader. Barrie just pulls stuff from the wider media, which is mostly BS, published for clicks and views, over any factual value.

[@crm114.]

@@SDK2006b’Mostly BS’ is being generous.

[@simonrichardson3167]

​@@SDK2006b he never did answer my question about how much a cam belt change costs on a VW. Didn't fit in with his agenda. Fires comments , calls people shills, and runs for the hills ready for the next days Vid, so I personally doubt he would be up for any sensible debate.

[@EwanM11]

I don't see the point. Barrie's point is that the EV mandates are destroying the car industry. Rsymons has already transitioned to EVs so whatever hurdles are coming for the market, he's already jumped through. Probably back when Tesla dumped their prices.

[@stevewhitmill2037]

I see the numbers. I also see that nearly all cars on the road and on people's drives are not EV. People cannot afford them, their tyres, insurance and depreciation. You talk about £27k. Well, the figure that people are prepared to pay for a car is £15-17k.

[@Mark-l9k9q]

Demand isn't there. A 51% increase of demand for a tiny market isn't worth talking about.

[@wwp8]

I wanted a model Y, but it's become quite a common car, there's at least 5 near where I work

[@jamie-hb8gy]

It's simple,there's no demand.

[@decimal1815]

@@jamie-hb8gy except for the 51% more demand compared to last year

[@jamie-hb8gy]

@decimal1815 said who the manipulated SMMT,Don't make me laugh.most of the data is from pre registered and fleet ev's.

[@Moore30]

Didn't actually watch the video then?

[@AndrewLawrie-w4m]

Are you related to Gary from you tubes Gary Eats, you look like him, have the same voice and menerisms?

[@markfox-potten4798]

These vehicles are becoming more affordable in the used car market I have seen Tesla vehicles for under twenty thousand

[@muffin535]

I suppose at the end of the day, it’s all about what you want the ev to do. If you’re just driving locally, it’s an ideal choice.

[@starlord8973]

AS off APRIL 2025 when ROAD TAX CHANGES come into Force for ICE and EVs do you EXPECT EV SALES To Go UP a lot ?

[@decimal1815]

£190 tax per year won't stop people buying an EV

[@DJBaldPaul]

There's no such thing as road tax.

[@michaelgoode9555]

I would expect there to be little or no change in the new car market.

[@steveyoung8376]

If the car has been left at 100% SOC is bad

[@decimal1815]

or 0%

[@user-nl2kt9jc9p]

No one wants an EV hence why they have to be so heavily discounted

[@butlerpa100]

Nobody wants them

[@whathasxgottodowithit3919.]

That is bad news for us, that means even longer queues for chargers. Look out folks Christmas is coming, and fisty cuffs at chargers.

[@albertoporras04]

No, these are used cars. More used cars doesn't mean an increase in the number of cars, it just means a car that was already out there as a car bought from new is now still out there as s car bought used, it's still the same car!

[@johnmunro4952]

Unless people are switching back to Ice cars I'd say the second hand EV is going to an ice convert, and the first owner is moving onto a new EV. So yeah there will be more people driving EVs and potentially more competition at the chargers. I'll be charging at home so hopefully I'll avoid those problems.

[@FFVoyager]

Even longer queues? How long have you waited? I've got a very small battery EV, so on long trips get to visit rapids quite often, and haven't ever had to wait. 🤔

[@michaelgoode9555]

EV owner since March 2023 and yet to queue for a charger. From Orkney to Ely, Watford to Carnforth, I have always been able to just roll up to a charger when away from home. Add to this that literally thousands of chargers have been installed and commissioned in 2024 and that newer cars charge even faster than older cars and I doubt that there will be any real issue with queues unless of course a youtuber and disrupter decides to fake one.

[@mikeowen1192]

As trump would say it's fake news I have yet to meet one person who would buy a second electric car company lease yes but private buyers no,

[@ZeroBlog]

this guy quoted me £18k for my 2021 facelift model 3 and wanted a £25k deposit on a 24 plate model 3 😂😂😂😂 i could get a mortgage cheaper don't listen to this joker

[@michaelgoode9555]

Clearly he could tell that you are a grifter.

[@ZeroBlog]

@@michaelgoode9555what's a grifter you nonse

[@andym1056]

Shocking, I heard they sell cars for more than they pay for them and pocket the profits…..

[@ShaneQ17]

Demand for model Y 😆 there are Model Y on auto trader that have been on there for months. No one wants EVs, stop lying to people. You need to stop believing AutoTrader on EVs it’s all bollocks.

[@SDK2006b]

Guess what genius - there are fuel powered cars which have been up for sale on AT for ages as well

[@nigeltrueman6101]

No one wants an ev

[@martinogold]

That's just not true, silly boy.

[@nigeltrueman6101]

@martinogold denial 🤣

[@SDK2006b]

An EV is the world best selling car - for the last 2 years. Yet, “no one wants an EV” - face palm 🤦🏼‍♂️

[@nigeltrueman6101]

@SDK2006b complete media bullshit

[@nigeltrueman6101]

@SDK2006b I bet you think women can have a penis too. Try watching some common sense from a car retailer Barrie Crammpton