NEW and USED EV sales continue growing in the US; contrary to media claims

[@johnporter5828]

Good video ! I am constantly disappointed by the negative propaganda promulgated by big oil and legacy automakers - a lot from KZbin. Have had two Bolts for about 5 years now, with few problems.

[@justinschultz4325]

The Bolt is an awesome bang for the buck. I had a 2021 and a 2023.

[@davidanderson8469]

One of those just might be our next urban car. We'll keep our Honda Passport for long trips. Knowing the Democrat supermajority here in California a huge surcharge yearly will be inevitable. We have solar. The infrastructure and five minute recharge is just not there yet to compete with ICE cars. We'll need small modern, nuclear reactors to effortlessly electrify the nation. No amount of inefficient windmills and panels is going to do it.

[@EdwinaTS]

My next car definitely will be an EV.

[@scottmeans2]

Dear Viking purckased EV 3 weeks ago. Your comments played a big part in my decision. Scott USA

[@SliderFury1]

I mean, they're increasing at much slower rate now than in previous years though... But, the entire auto industry is slowing down so that's to be expected.

[@eymaslacker]

Its the whole economic picture. People simply have to cut down on non critical expenditures.

[@林振华-t4v]

​@@eymaslacker😂That is right, considering about lot of industry including banks are slashing on head count. Id be laughing all the way to the bank if the industry Im in is growing at all.

[@djt8518]

And it's going to get a lot worse

[@svyikes]

Use your math people. As the size of the existing fleet increases the percentage increase compared to the numerical increase decreases. Example; 500000 vehicle fleet grows by 100% =1000000 new fleet size and a 500000 unit growth. Following year the fleet only grows by 60%. This is still 100000 more units than last year, 600000 compared to last year’s 500000. What does the media report? Of course they report a 40% drop in growth.

[@FrunkensteinVonZipperneck]

breaking records in Canada too. Went to the mall for Cyber Monday = EVery new car is electric!

[@dianewallace6064]

Thanks, Viking

[@asajelfs8170]

18000 km in my model y purely fueled by my solar. Zero dollars in fuel.

[@frankcoffey]

There are enough people now with EVs in the US that the benefits are starting to be socialized. I expect the popularity of EVs to trend much like SUVs did over the last few decades. When your neighbors have EVs you will be more likely to also get one.

[@brunomadeira8432]

European media is not that different. Only doom and gloom. One gets the impression EVs are tanking and making the car industry fail

[@SliderFury1]

EVs aren't making the industry fail, idiotic, overpaid CEOs that are fumbling the transition (which needs to be much more measured and gradual, as opposed to the extremes of by next Tuesday or not at all) are making their brands fail which is destroying the whole industry.

[@SigFigNewton]

@@SliderFury1needs to be gradual? The dominant companies now are the ones fully EV. That’s who is growing sales volumes.

[@peterholsken5618]

EV profit margins are low or even negative for many legacy OEMs. That is the problem. Increasing EV sales even exacerbate this problem. Only solution are further declining battery prices, so that manufacturing EVs is becoming profitable for legacy OEMs.

[@cocorna3282]

The ICE Lobby on the US is huge, & led by the UAW.

[@229andymon]

@@cocorna3282 Unions don’t make strategy decisions, management does. I think you’ll find it’s big auto that’s resisting change, especially in US. Possibly joined by big oil and gas.

[@benmlee]

On 11/12, the Alliance for Automotive Innovation that consists of all the major and minor car makers urged Trump not to change Biden’s EV policy.

[@JDMSwervo2001]

@@cocorna3282 there’s no lobbying here. We just have the power to buy what we want

[@229andymon]

@@benmlee Here’s part of their strategy statement - “we need a comprehensive plan that takes the present market realities into consideration, as well as the on-going investment and innovation in internal combustion engine technologies”. Sounds like an organisation still very wedded to ICE to me.

[@229andymon]

@@JDMSwervo2001 You don’t have the power to buy cheaper EVs from abroad. Your government made sure of that.

[@ikdrew]

It's the same in the UK. The media is constantly saying EV sales are down, which is not true.

[@philiptaylor7902]

Is it down to poor numeracy? Unable to understand that increasing more slowly isn’t the same as decreasing? Or is it porkies pure and simple?

[@mv4ago]

So why are all the EV manufacturers complaining to the UK Government that there is no interest from prospective customers and they are desperately in need of incentives (bribes)?

[@kevinW826]

Look at the fleet sales and the manufacturers selling EVs to themselves to prop up the numbers. Do you really think private sales are overwhelming? Nope. To avoid penalties, manufacturers will sell to themselves. It is a known practice. So those sales figures are artificially inflated.

[@GruffSillyGoat]

@@kevinW826 - yet if you look at the SMMT pre-registration reports or the Autotrader nearly-new stock the volume of pre-registrations is actually the same for ICE and EVs, at 0.5% of the volumes of cars of each ICE or battery powered fuel-types sold in the year. So no real evidence of pre-registration occuring beyond what is normal within the industry. In terms of private sales in the UK, this market segment has been shrinking over year over year and now only represents 38% of sales. Even Diesel and Petrol sales reflect the same bias towards fleet sales (which includes forms of leasing that offer cheaper rates for people to access). People are not buying privately due to the squeeze on finances and the still high interest rates in the UK. That said the SMMT data shows that BEVs are performing better (declined least) than ICE in the private segment, which would have declined further without their presence (indeed BEVs have had periods of growth in the segment during the year). What the UK market new car sales data shows is that Diesel sales registrations continue to decline (every year since 2016), Petrol has declined three out of the last four years (and seven out of the last ten months of this year), HEVs are eating into these sales but are pretty stationary (hovering around 13.5% over the course of the year). But even when you include HEVs in the ICE count the YTD status is still one of overall decline (-0.8% across Petrol/Diesel/HEV) whilst battery powered cars show growth (16.7%, of which 60% is due to BEVs and 40% PHEVs).

[@philiptaylor7902]

@ A lot of the “fleet” sales are leased cars, it’s more of an indicator that folks simply don’t have the capital to buy new outright.

[@Anarki-Daniel]

My next Car is EV🎉

[@dennisrobson2114]

I have been watching you for a while and you know that you are the only guy I believe because the mast madia doesn't even talk about everything is going electrical batteries are better more range and everything is getting cheaper in price

[@SuhandiWijaya]

Does anyone really pay attention to Mainstream Media anymore these days? 😂

[@macmcleod1188]

I can see mainstream media a lot less than I used to. I don't think I would consider it without something like ground news to tell me a given sources bias

[@snodgee]

Most people do

[@SigFigNewton]

Depends on age

[@Joegreen-r1i]

You do if you realize that it is a business not a service.

[@lifeliver9000]

In nz less than 46 % of kiwis believe anything the NZ main media say, based on the last national survey. Nz media straight out lie, twist interviews to get their woke agendas across. Don’t fact check or balance and take money to say what they are paid to. Journalism died in NZ in the 80s. No balanced reporting or desire to report the truth. Garbage

[@restonthewind]

In my experience, public charging is comparable in price per mile to pumping gas, sometimes a bit higher or lower, and it takes a lot longer. I drive an EV, and I love it, but the convenience and much lower cost of charging at home is a major reason why I love it. I only use public charging on infrequent road trips, as when I visited my family for Thanksgiving, so the time to charge is only a minor inconvenience. Charging at home, my cost per mile is around 25% of the cost of gasoline, and the time it takes is inconsequential since I usually charge while I sleep. For my needs, the availability of public charging is already good enough, especially now that I can use Tesla chargers with a NACS to CCS adapter, but greater availability of public charging won't persuade many apartment dwellers, and others who can't charge at home at their residential rate, to buy an EV if the price per mile is no less than gasoline. If the time to charge falls enough and if less costly EVs (without a tax credit) appear, public charging at a price comparable to gasoline may not deter buyers, but as long as filling up takes half an hour, even fifteen minutes, few people who must use public chargers routinely will drive EVs. Most people just don't care about saving the planet. It's all about the Benjamins, and time is money. More apartment complexes with level 2 chargers offering power at residential rates would do a lot more to encourage EV adoption than more public, level 3 chargers.

[@dennisrobson2114]

My next car will be an EV

[@philiptaylor7902]

Don’t delay, you won’t regret it.

[@sargfowler9603]

@@dennisrobson2114 PHEV or BEV 👍

[@wenbo595]

I want one too but no money

[@bjornhelgason1879]

My last ice cars were increasingly getting costly because of sensors failing as well as cheap parts failing.

[@lifeliver9000]

So true. I learnt to just ignore sensors and alarms as they were so faulty

[@justinschultz4325]

ICE cars are way more complicated than EV. Too much to go wrong.

[@JDMSwervo2001]

@@justinschultz4325 EVs are complicated too, all the complication is just now in the EV battery and thermal management system

[@justinschultz4325]

@@JDMSwervo2001 All modern cars are complicated. But, EV's have far fewer moving parts than ICE.

[@JDMSwervo2001]

@ yes but all of the complications lie within the battery…

[@MrTonifumi]

At 360 miles range is a still a problem. 1. That is urban range (you don't get range anxiety in the city/suburbs). 2. On the highway 360 miles range is really 280 (not good enough). I regularly drive 500 miles with only a quick toilet stop and drive thru meal. When electric cars can do 500 miles ON HIGHWAY I will buy one. (Noting that after 10 years the range will probably be 10% less =450 miles)

[@MjMurphy777]

The pessimism is the same in Canada. Big oil and gas make sure of that🤨!

[@mtmoonan]

Just bought a rwd 2022 model 3

[@davidanderson8469]

There's five Tesla's on the Alpha Romeo lot here. Four Casper Milktoast white and one black.

[@tedg1609]

Must me nice to know there are five reliable cars on the Alpha lot !

[@somethingclever1234]

try the new model 3 highland, it is a fantastic improvement to an already great car

[@jmnka]

Bought 55000 cdn dollars of nio..... going long with it. We shall see what happens in the next 3 years. I truly love the company and it's products.

[@crosslink1493]

True, the media in the USA are misreporting the numbers (and I'm an 'ICE' guy). The rate of new EV sales is slowing down, not declining, so all the fanatics and early adopters have bought EVs and now Elon and fellow EV car sellers are going to have to spend some of that profit to market themselves to increase sales. Used EVs for sale in the USA are starting to show up but those EVs are seeing huge depreciation percentage when compared to a similar model year used ICE sedan. I can't see the USA becoming a predominately EV car market in the near future, maybe in 15-20 years it might. EVs will still have their own solid market share, but won't be predominate in the near term.

[@SridharAla]

Because, worldwide there is no media house which is not serving the interests of some vested groups.

[@raypalmer7733]

Im just waiting to see if the servos will all install charging stations to gain some market share and provide the same opportunities for EVs as ICE. The EV haters can no longer say there is not enough places to charge an EV!!!!

[@MichaelNomura-i9n]

Sam is my second option in EV news.

[@skylershank9309]

Aren't hybrids included as part of EV sales figures?

[@alanthomasgramont]

If you’re in the US, most likely you’ll see a huge increase in your insurance when you move to an EV. I checked several times and each time it was quite a big jump compared to a regular ICE vehicle. I’m not sure why that is or if it will come down any time soon.

[@crosslink1493]

A few things I know of that contribute to it are 1) the unique structural casting frame system which not a lot of body shops can repair, and lots of times insurance companies just scrap the whole car when that gets damaged. 2) battery pack damage since if the casted frame was damaged (even a little) near the battery pack the battery is probably damaged and that's expensive to repair/replace, 3) not a lot of authorized EV repair shops (body shops; see #1 above) 4) expensive electronics, as in the electronics/software are so integrated together in the car that its a 'symbiotic' relationship and hard to troubleshoot or fix; once again, easier to scrap it if its assumed to be damaged.

[@joecushman6030]

@@crosslink1493A wrecked EV gets big bucks at auction, many are exported

[@johnnyjet3.1412]

Let’s refer to the gasser industry as the horse and buggy industry

[@SigFigNewton]

The urban lung deterioration industry

[@tedg1609]

I like “fossil cars”

[@crosslink1493]

Do you even know what 'Gasser' is? You'll have to look that up on the web if you have full access to it.

[@johnnyjet3.1412]

@@crosslink1493 my truck shop had diesels and gassers. Did your shop have something else?

[@goldviper5280]

good video

[@terrya6486]

In would be interesting to see how many how many used EV's sold in the USA. Then how many recived the $4000 tax credit ? I bought a 2022 chevy bolt for 13k after the 4k tax credit. The dealer got the tax credit becouse I'm on SSI.

[@justinschultz4325]

It would be funny to see what would happen if the government stopped giving incentives to oil companies and stopped the EV tax credit. You'd see a huge take rate for EV's.

[@keiths4032]

EV GOOD, MUSK BAD.

[@tedg1609]

I’m glad you’re not into oversimplifications.

[@stevennelson7518]

What per centage of all Tesla EVs produced are still on the road? I have never heard of even one being junked?

[@229andymon]

EV opposers often tell you they can’t charge at home and don’t have a charger on their street. They usually don’t have a gas station on their street either.

[@sargfowler9603]

It's around 45% that can't charge at home isn't it?

[@229andymon]

@ Which means 55% that can do something they couldn’t before. Fuel at home.

[@crosslink1493]

Its not that simple. How long will it take to fill up an EV at a charging station from 25% to 90% versus filling up a gasoline-powered car from 25% of a tank to 'full'? The gasoline fill-up will be 5 minutes max and there are plenty of gasoline stations in my area. The EV will take ??? minutes at a supercharger and there are very few public charging stations in my area.

[@aendoh]

This argument is non-sensical.

[@229andymon]

@@crosslink1493 Yes, fair points (presently), although I expect improving charging equipment to reduce that inconvenience steadily. However, unlike gas stations, there’s gonna be far, far more charging points. At gyms, cinemas, shopping malls - basically anywhere you can park. All offering the opportunity to charge up while you do other things. People will adapt to the very changed fuelling environment, as they’re doing in China where most EV owners live in apartments.

[@IanReid-e9r]

Wait 2 to 3 years and get way more choice and much cheaper prices.

[@hamishbarrie8318]

Yes but you could be loosing money by doing that!

[@IanReid-e9r]

@hamishbarrie8318 nope.

[@SigFigNewton]

Wait til the brands that will die off are doing fire sales to raise money to partially repay owners of their debt

[@tedg1609]

Is what the fossil fuel industry has said for the last 15 years and will say for the next 15 years.

[@IanReid-e9r]

@tedg1609 whatever dude

[@mrzack888]

People don't want to believe it when I tell them EV will overwhelming replace legacy cars in the next 5 years.

[@MrEroshan]

People will call me a commie from California when I say the same thing.

[@brandenkhan15]

@@MrEroshan i live in CoMmIeFoRnIa as well. This is a badge of honor as it means we arent ignorant 😂

[@229andymon]

@@MrEroshan Beats me why EVs are considered "political".

[@bjornhelgason1879]

Evs are getting better and everything in that environment and ice getting worse.

[@SliderFury1]

Well, it's not that the construction or technology is getting worse, ICE engines are the best they've ever been and it's actually incredible how sturdy and efficient they CAN be. Manufacturers are cheaping out on parts and quality control.

[@paulc6766]

@@SliderFury1 ICE only gives it's designed performance with constant maintenance otherwise it drops. See Top Gear.

[@joecushman6030]

@@SliderFury1Those dual turbocharged direct injection engines are running on the edge of failure. And yes poor quality parts kill them.

[@galaxiedance3135]

Apparently, women want vibrating seats. FACTS! 😂

[@JaseMelb80]

What about Australia....

[@SeanWork]

You should do a best bang for the buck video on EV cars

[@SigFigNewton]

Or a best buck for the bang video about deer hunting trophies

[@philipfreeman72]

Big OIL .

[@djt8518]

People in the u s will soon have more to worry about than evs they will be lucky if they can keep the car they have now

[@petermaver8466]

But you're talking about new brands not existing ones. If you only talk about legacy brands then its true their EV sales have tanked.

[@rudolfespinola9231]

The US is very retrograde in this regard compared with other countries.

[@The123fiona]

Not just in relation to EVs, I'm afraid.

[@crosslink1493]

Plenty of oil supply in the USA so I don't see why there will be a quick change to electric or any other specific type of auto drivetrain system. Remember the USA choices are driven by consumer demand, not by government decree that "it will be done like this."

[@rudolfespinola9231]

@@crosslink1493 'Plenty of oil supply' is not a good argument since gasoline prices are still very high. And the reason why not many people are buying EV's is because of tariffs on imported cheaper cars, so people have few choices, even with ICE cars because there are just not many affordable models. That doesn't make it less retrograde regardless.

[@229andymon]

@@crosslink1493 So, making it impossible to buy a cheap EV made abroad isn't a govt decree saying "it will be done like this"? There's more than one way to dictate how things are gonna work - either say "it will be done like this", or, say "It *won't* be done like this".

[@Karalco]

So companies declaring in which are changing their ev plans since they are not selling & making money of course. Are you suggesting that eveyone is lying...so please point me somewhere where there is genuine motor journalism that isn't biased.

[@SigFigNewton]

Point you? Here. This channel is less biased. He talks about actual sales volumes. EV sales:📈 ICE sales: 📉

[@crosslink1493]

Automotive News, Cox Automotive, Motor Trend are three I look at. The first two are industry publications so pretty accurate.

[@mikafiltenborg7572]

Tesla's competition is coming All over them self 😂😂

[@dougsheldon5560]

Show me the charging stations.

[@SliderFury1]

This.

[@Joegreen-r1i]

Just like in the horse and buggy days gas stations took time it will take time for charging stations.

[@SigFigNewton]

If you build it they will come

[@anastigmatix4119]

Its called Google.

[@paulc6766]

Again I say this: here in Australia EV's have driven around the country and even through the central deserts (where there are no petrol stations at all) yet people in Europe can't manage to fine an electrical socket!

[@mabehall7667]

And we’re supposed to trust youtuber’s who exaggerate and hyperventilate over every little “potential “ technology advancement not to mention have a total ignorance of specific markets that are unique and have developed a certain way for a reason. I think I’ll stick with mainstream media 90% of the time but fact check everyone.

[@snodgee]

Sales are up because of tax incentives, give all cars a level plying field would people buy EV’s . Just seen on Fox News that Trump is expected to stop the tax incentives . Used EV’s sales can’t sell more than the EV’s that were already brought in previous years

[@Joegreen-r1i]

Incentivizing the purchase of an EV is no different than what the government did in 1918 to incentivize the purchase of a gasoline automobile during the horse buggy transition. So why complain about something that's already been done it's not that big of a deal. It's what our government does it helps industry grow produce new jobs open new avenues of investment.

[@SigFigNewton]

That makes no sense. The incentives were there last year too. If the incentives didn’t change yet sales went up…. the sales increase wasn’t due to incentives

[@SigFigNewton]

People who are trained to hate EVs tend to be unskilled at data analysis

[@paulc6766]

@@SigFigNewton That's a given if they have any contact with the Murdoch media.

[@jamesnasmith984]

The uneven playing field is the 100s of billions governments give to oil whose products are wrecking the conditions for life on the planet.

[@SB-hr5yr]

Sevans

[@rvpl9264]

if it’s american…

[@alphaomega1969]

Dude what are you smoking? You are clearly loosing track of what you are saying....China is the world's leading producer of batteries and supplier of battery tech patents for Tesla.😎

[@JDMSwervo2001]

As a whole the entire industry is down and EV adoption is growing at a much slower rate

[@noway7555]

Only in the US.

[@djt8518]

And it's going to get worse

[@redst9364]

Not sure where your getting your information not seeing it here in the US

[@abelincoln9026]

Huh? Whatever dude

[@SigFigNewton]

Glancing at a highway does not equal knowing sales volumes.

[@crosslink1493]

The market share for new EVs in the USA is somewhere around 15% right now, higher in urban areas. Their sales growth is expected to slow in the near future and they are expected to slowly grow towards 20% of the new car market. Good solid numbers and they have a place in the transportation market but I doubt they will become dominant in the near future.

[@mv4ago]

Registrations are NOT sales. In the UK dealers are pre-registering EVs by the shedload, they can then class them as 'sold'. If and when they do finally sell them that counts as another sale, it's all smoke and mirrors.

[@The123fiona]

Please give us the evidence that confirms this statement

[@joecushman6030]

@@The123fionaI am from the US, just why would a dealer spend money to “register” a car just to manipulate the numbers.? Who would they register these vehicles and to who? Please document your information.

[@GruffSillyGoat]

Yet if you look at Autotrader UK nearly-new stock the volume of pre-registrations is actually the same for ICE and EVs, at 0.5% of the volumes of cars of each ICE or battery powered fuel-types sold in the year. So no real evidence of pre-registration occuring beyond what is normal within the industry. What the UK market new car sales data shows is that Diesel sales registrations continue to decline (every year since 2016), Petrol has declined three out of the last four years (and seven out of the last ten months of this year), HEVs are eating into these ICE sales but are pretty stationary (hovering around 13.5% over the course of the year). But even when you include HEVs in the ICE count the YTD status is still one of overall decline (-0.8% across Petrol/Diesel/HEV) whilst battery powered cars show growth (16.7%, of which 60% is due to BEVs and 40% PHEVs).

[@GruffSillyGoat]

@@joecushman6030 - spot on, these claims of pre-registrations don't stack up. Why would a dealer volunteer to register a 'shedload' of EVs just to make the automakers happy. They have taken on a problem, as they have to shift the pre-registered stock within three months or take on the debt within their books and start paying the finance company involved just for the joy of having the car sitting in their yard. Plus with the depreciation currently experienced, particularly with high spec premium cars like EVs currently represent, and the big upswell of lower cost two/three year old EVs coming onto the market this year, then they will have trouble shifting these pre-registered vehicles and when they do will face a significant loss per vehicle. Further, in the UK the automakers are deep discounting EVs to consumers at the moment, through incentives and cheap finance deals, which will also impact the ability of a dealership to sell a nearly-new pre-registered model at a level to make a profit.

[@bst3690]

X is the media now

[@joecushman6030]

X is a dumpster fire of misinformation and BS.

[@CarlWard-i7l]

I think you need to get your head out of the sand 😂😂

[@carzombieeatery3216]

A whopping 2 whole EVs make it into the U.S. top 25 auto sales.

[@joecushman6030]

Actually the Toyota Rava 4 is number one and the Tesla model y is number two. The ford f150 slipped from #1 to #3 after being number one for 46 years, that’s huge.

[@MrAmhara]

EVs are not popular in the US. For example, look at the EV adoption rate. The USA EV adoption was about 7 % in 2023. In 2024 it’s predicted to be around 8%. Those numbers are trash considering America was the birthplace of the modern EV. With Trump as President I don’t expect improvements in EV adoption rates. In fact ICE companies are returning to V8 engines ( Dodge) Even Europe is discussing reversing policy of EVs.

[@snoreberry1786]

One of the main problems for EV adoption in the US is the cost to insure is over $300 per month on average.

[@EVPHASE]

I pay $1500/yr for a 2021 Tesla Model 3 LR via State Farm in Chicago

[@Arthur-t5s]

MR. Snore - Go get some facts and stats together before you throw your made up numbers out there !

[@justinschultz4325]

I pay $1,200/year for my 2024 Polestar 2. I would imagine your $300/month figure is wildly exaggerated. But, insurance is more expensive for everything across the board.

[@streamingdemon2522]

Nope

[@deadmanwalking6342]

Bad video

[@efemdesign]

Range is a concern for me until I see 400 mile range which is close to the average for the US market.

[@Beck-b9g]

u.dum

[@paulb1951]

Sam calling out others for not being truthful? 😂

[@julesviolin]

It won't be repeat EV buyers. They aren't stupid twice ⚠️

[@jamesnasmith984]

I have no intension of returning to an old fashioned ICE. Never liked a car better than my humble Bolt. Wake up.

[@tedg1609]

Yes. Stupid twice is not buying an EV, then making negative comments on a topic the person has no knowledge of.

[@crosslink1493]

Kind of correct. From the auto trade publications about 50% of EV buyers return to ICE vehicles when they trade in their EVs.