The REAL reason the VW group is lying about EV demand

The REAL reason the VW group is lying about EV demand
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[@terryward1422]

Legacy automakers are learning the "just-in-time" manufacturing has put them at a disadvantage compared to vertically intergrated manufacturers like BYD and Tesla. Legacy automakers cannot achieve the same "economies of scale" because they are dealing with hundreds of independant suppliers. I don't think legacy automakers can change to a more vertically intergrated model in time to save their businesses. Time will tell but I think it will game over for most legacy automakers in five years.

[@mattx4253]

BMW just sold 2.5m cars world wide 😂 global record. Hardly in trouble are they. Electric cars still suck. A Tesla compared to a high end bmw is a laughable comparison in terms of quality and driving dynamics

[@sunrisejak2709]

​@@mattx4253The Tesla model 3 dual motor smokes the equivalent BMW 3 series in most every way. I know I had both. Sold the BMW and stayed with the Tesla. It's a better choice by far. Performance, quality and value.

[@francismarion6400]

No it was butt a gigs regulations.

[@sunrisejak2709]

Vertical integration is fine as long as production is flat or growing. When production quantities decline a vertically integrated organization will struggle much more to reduce cost. Vertical integration means a reduction in volume of components results in each component costing more. The capital cost is not easily reduced. (machinery and floor space as example) A company that has a deep supply chain with many suppliers simply reduces the order quantity from their suppliers. Vertical integration indeed can be more profitable but the auto industry learned that risk reduction was more important. Henry Ford in the rapid expansion of production was initially massively vertically integrated. Making it's own steel and even having rubber plantations. But as decades progressed it became clear that spreading the risk and sharing the pain when demand drops is a safer place to be.

[@ALCLCFVIS]

@@mattx4253 that tells you don't drive BMW or Tesla....

[@StevenBarrett-vp7ve]

Didn't buy our EV (MYLR) to resell, bought it to drive for the next 10 years then it will be worthless....mind you if FSD becomes a 'thing' then we may keep it even longer, assuming I'm still alive to drive it !

[@mikewallace8087]

For FSD to become Fail Safe demands a duplicate back up system , including controller and controlled devices. The Price will rise Tall.

[@mikewallace8087]

Query this search : How does the MYLR's battery degradation affect it's range over time? Significant range loss in the first 5,000 to 10,000 miles reported, some up to 10% range loss.

[@Bobpaule]

Close to you, kept my Model S until the 8 year battery and drive unit warranty expired, the M3LR is staying with me until 2030.

[@thomaswilson2917]

I​@@mikewallace8087 6 percent at 40k miles.. Drop levels off as milage increases.

[@travellover3373]

@@mikewallace8087 You are deceitful by not telling the whole truth. Yes, LFP degrades early but then it flattens out for a very long time. SMH.

[@stefanconstantinescu1576]

I live in Europe. Vw is not lying, the demand for VW's evs is getting low because of their high prices. They are so expensive. Id3 is more expensive than Model Y Renault Scenic is more expensive than Model Y Except chinese brands, european brands are more expensive than Tesla

[@novainvicta]

The Chinese brands are expensive in Europe and without great build quality.

[@marcohillenga5068]

A Model Y is 46K, you can get a ID3 for 33k right now.

[@fractalelf7760]

They foolishly think they can ask for high prices trading on “long traditions” over the “US upstart” Tesla…

[@rendezone]

@@marcohillenga5068the price they actually promise when it came out, and without incentivea

[@andrewsaint6581]

​@@novainvictathey are getting cheaper and at 30,000 miles a year in my MG 4 to timed appointments I'm loving my EV it's better than the yaris hybrid it replaced. I'm in my car up to 10 hours a day and find it comfy, quiet, spacious, smooth, economical and quick. Very quick. How are you finding your EV and which one do you have that feeds your opinions?

[@gibroon4418]

$36k us dollars for a model Y in Australia. That is ridiculously cheap. I that a real price?

[@ncammann]

Tesla for example - rear moulding done on GigaPress 1 Piece. VW ID4 equivalent 20 pieces plus fixings. Similar for front moulding. Tesla, BYD etc. restructure manufacturing from scratch. VW are out of date. Can't compete with old way of thinking. (I would add that I am not a tesla fan boy. and i loathe Musk, but admire the forward thinking)

[@sizif717]

ICE cars depreciate faster than EV's....😂 Man, on which planet are you living? And no - it is not like buying a TV, no one buys a new TV with the idea of selling it after that and considering the price after 5 years. And no one leases a TV for 2 or 3 years, like many cars are being sold today. And the depreciation in this 3 years is the major factor in the price of the monthly installments.

[@ozozi49]

It's like the new MEGANE here in Australia they are pricing it at $69.900 aud.....who's gonna buy that? A Renault Megane! And Tesla just announced the reduction of price of Model Y. Now drive away: 60.000 aud! Tesla is definitely crushing the competition. And while the competition is figuring out a way of fitting in the middle which is impossible, Tesla and the chinese are years ahead with advanced model factories..... There is absolutely no way legacy auto are going to survive! They are holding the boat fir 5/10 years..... They probably going to join venture or sell

[@mikewallace8087]

Query , TESLA sales 2024. Are you ingesting quality opioids ?

[@Jam-rx2zb]

Here in palestine vw is popular

[@kwazar6725]

If i buy an ev it needs to be reliable, cheap, not take forever to charge and not be a fire hazard.

[@singlesprocket]

I want to replace my VW Passat TDI with an EV and charge it from my solar panels instead of burn once diesel bit VWs are too expensive and not as good as Tesla

[@Guvament_bs]

This dude's logic is flawed. A company can't sell its products because demand is too high. This bloke comes out with the most rediculous nonsense and you EVangalists just lap it up because it confirms your belief in your religion.

[@hardcoreherbivore4730]

My theory is that legacy auto was freaking out about the success of Chinese car makers. They needed harsh tariffs to prevent China’s entry into key markets. Yet, they had initially planned to get cheap batteries from China. So, now they’ve gotta pretend that nobody wants EVs while they try catching up with their own battery production. They’re so far behind, as the new battleground is FSD. They have only one way of staying relevant; licensing FSD from Tesla. 😏

[@FrunkensteinVonZipperneck]

FSD won’t help if the car doesn’t have a battery…

[@hardcoreherbivore4730]

@@FrunkensteinVonZipperneck Of course, that’s why they’re building their own battery manufacturing facilities. They’ve gotta gaslight people, rather than admit that they’re scrambling. We could blame geopolitics, but they are just now taking EVs seriously. Ripe for disruption.

[@johndavid9418]

How do you sell a Ferrari to a poor man ? You can't 🤔 1,500,000,000 ICE on the road now & only 40,000,000 EV, in 14yrs. If EV companies don't build EV sedans & family cars that can be sold second hand for under $10,000 sales will eventually almost completely stop & the second hand market will be flooded with EVs no-one can afford to buy. The majority of car owners in the world just don't have the capital, even to buy a crappy 2014 LEAF. Students, Single parent families, Unemployed, Young people, Retired folks, the Handicapped & Poor counties. NO SALE !!!

[@patrickkoller7705]

This is one of your most important videos. Also applies to ford and gm. I worked for vw and ford and they absolutely have no forward thinking attitude, only keep things the way they are

[@Suburp212]

EVs are simply far too expensive. Drop the price by 40% and everybody will be buying them.

[@Longtack55]

You can buy an e.v. for US$10K

[@ISuperTed]

@@Longtack55Only in China

[@MrGMawson2438]

Price and greed I'd say

[@markallen4514]

It's simply not true the VW can make a car at the same price as Tesla--at least outside of China. VW is hamstrung by the labor agreements they have, manufacturing processes that still rely on human workers and assembly lines that are designed for ICE cars. VW (and others) decided that they want to have platforms that could be EV, ICE or hybrid. EVs have about 1/5 the parts of an ICE car (200 versus 1000). VW is trying to make it's EVs in facilities that are five time too big. This kills manufacturing efficiency. VW cannot create economies of scale because building more cars in inefficient plants leads to higher (not lower) marginal per unit costs versus a purpose built manufacturing facility. VW does have a work-around and that's to build 100% of its EV product in China.

[@TerryHickey-xt4mf]

I saw a video once showing the VW assembly line, I was shocked! I have never seen things move so slowly in my life. If they quadruple the speed things move then they might have a chance.

[@jantjarks7946]

I'm sure everyone wants to work like Chinese and for the same money. 😉

[@alexanderjansseune1763]

Legacy make their subsuppliers rich, their supplierdependency kills their competitiveness against Tesla and BYD

[@thomasgriffiths3815]

The statement, "When you drive a car out of a dealership, you lose money.", I don't agree. You only lose money if you sell, if you hold the car indefinitely, you do not lose money. I think the important point is, buy the right car for the individual/family/business etc. Other than that, great work The Electric Viking ⚡️

[@drttgb4955]

A lot of folks like to treat like an investment.

[@johndavid9418]

"hold the car indefinitely" How long do you think a human life is ? Find me a 70 year old that drives the first car they owned or someone who's driven the same car for 30 years. There isn't many & I'll guarantee you never will. You will sell your EV one day, & lose money on it. I think they call it, ummm, Reality. Sorry.

[@eish3291]

How many people buy a new car with the intention of selling it a week later . Most people buy with the intention of using it for many years. It,s like the stock market where you only make a loss if you sell a share for less than what you paid for it.

[@ComeJesusChrist]

You materialise your losses at the point of sale or at any major event, like an insurance claim. The depreciation happens, nevertheless, even if you keep sticking your head in the sand. No one keeps cars indefinitely and they have a lifespan, usage (as well as lack of use) reduces their value, therefore you lose money on a new or recent used car. Even in the classic car world, not many cars can truly be treated as an investment, due to their associated costs, insurance and maintenance. Rubber perishes, oil ages and even a delivery mileage car kept unused in a sealed garage would require oil change, new cam belts, new tyres in a decade or two. With electric vehicles, because of the batteries, it’s an economical write-off in ten or fifteen years. You pay for your car now, sir or you take out finance and pay for the next decade. When would you like to be slapped with the invoice for your loss?

[@sizif717]

How many of the people that buy new cars - intend to keep them for more than 5-6 years? Very few. More and mire people are leasing them this days for 2-4 years. That is how it works for decades. Richer people buy newer cars , poorer buy them after that - and the poorest buy them after that. And the depreciation is a big factor, but it constitutes the lease and montly instalments value. It is not like a TV, no one buys a TV with the idea of selling it after that.

[@dougchatch]

I bought an ID4 (Pro S AWD) , last fall, built in Chattanooga Tennessee for $5k less than a Tesla Model Y AND got 3.9% financing vs. 6.9% from Tesla. The sales Tesla has had on the Y this spring and the 0.99% financing are the only things that makes the Y a better buy in NY right now.

[@ulysees321]

Ev demand hasnt risen, what has risen is the companies are being forced to pre-register their cars to meet the global governmental requirements that they must sell X % of EVs per year or face huge fines, there is car parks full of brand new cars

[@ISuperTed]

And yet they have plans for the ID2, ID1 and probably a Golf EV - doesn’t sound like they are stopping EV development.

[@ComeJesusChrist]

Still blowing the EV trump?

[@xenasloan6859]

I feel you may have missed the point: yes, nothing to do with demand - everything to do with software and scaling at industrial capacity competency to achieve REQUIRED economies. The mighty German machine messed the bed. End of (bunch of cheats...)

[@yggdrasil9039]

Exactly. Legacy auto still think EVs are boutique items. That's their number 1 mistake. And this from VW, whose very name means 'The People's Car'.

[@Bodzio1982]

I was in Düsseldorf this week and I have seen very little of an electric cars there. I was expecting like much more EVs in Germany. Almost all taxis there are Mercedes Benz diesel.

[@andrewsaint6581]

The Merc diesel taxi has been a europe wide legend for 40 years.

[@larryc1616]

And they all use Nokia

[@rsplines12]

@@andrewsaint6581 Causing cancer for 40 years.

[@protagonist9716]

Smaller countries like Malaysia Thailand Singapore are more futuristic in regards to EV adoption

[@Lifecoach7Ra]

@@andrewsaint6581And like London Taxi the company fades away as they build no more the robust cars that where fitted for taxi services and had a fair price to business. Here in Zurich however you already see a lot of Model 3 as taxis. But anyhow no need again in Germany for overpriced Mercedes as Robotaxis will be the answer and Diesel is dead without cheating governments or pribe for prolong acceptance by lowering environmental requirements. This train has gone but political parties now from right wing want to ‚safe‘ ICE industry, but their asking the voters on internet totally failed with 63% wanting not go back and therefore are pro EV. So they have taken that vote away from their platforms and insulted other for manipulation🤪💩🤡🤬🦄💨🤮

[@stefanweilhartner4415]

the problem is a different one. everything was calculated for old 3/6 year production cycles and development needs to be payed off. but as they saw, they need a 2/4 year cycle and do a different calculation. that is their problem. they can adapt or go thru years of higher losses before innovation in the ev space is slowing down and 3/6 year cycles are working again. the have the APP550 drive train after 3 years of ID.4/5 but now they face production problems with the stator of the APP550 motor. they have difficulties ramping up the production. this is the real problem now to ramp up to high volume production. this is the reason why they also postponed the introduction of the ID.7 to the US market. they simply can't deliver.

[@singed8853]

You heard it here first folks. Price is unrelated to demand!

[@raoulheinrichvonmerten4851]

That will change with the move to EV. Money rules in the end . I know from personal experience in retail.

[@7drobin]

My next car will be an MG. Why? Decent range, cheapest in the market, good reviews and great warranty! What is not to like? Those European and American manufacturers are dreaming! Get real, get serious and crank up the numbers, and quality. The luxury market is saturated, and the Teslas are already in it, it's the everyday cars that are missing. Come on in Chinese, Korean cars, I love you.😀

[@JboKit]

Viking I think you are severely underestimating the impact FSD will have on Tesla vehicle prices. Those with H3 onwards will have capability so profound it'll be impossible for them not to increase in value within weeks of FSD being released to a particular market. In fact, it's likely approximately double the value. What's coming to Australia in roughly 2 years will make those with H3 and up Tesla owners very happy, car appreciation isn't dead yet 😉

[@dominicwild3189]

Just walked out of Kia showroom after asking for cheapest white Kia EV: $70,000!! Who is going to buy a Korean, EU or Japanese EV? China will make every foreign ICU and EV manufacturer bankrupt.

[@Fred-Jai]

Haven't you been following the geopolitical tensions between the US and China. The whole EV market is going to blow up because of trade wars and tariffs. You're not going to be seeing Chinese cars flooding the US or Euro markets any time soon and EV price drops will stall, EV prices will only come down further if China is allowed to compete on level playing field which will mean the demise of local car manufacturers in the EU and US, does anyone really see this happening? Over the next decade the cost of personal private travel will continue to rise to a point where owning a new car may be in the realm of upper middle classes, Net zero at all costs remember! People are living in fairy land if they think 40K for a EV car is cheap, when not so long ago it was 25k for a corolla. I don't see any new cars for mid 20 k anymore ICE or otherwise. The same con with renewables will make power cheaper. How often will the sheep fall for it?

[@mathardo]

obviously you're losing value driving the car off the lot. What they're saying is they don't want to do what Tesla did dropping the price of a car bij 15K over the span of 3 years. (That's 15k on top of the usual depreciation). Which is a fair concern. What we're seeing with Tesla here in the Netherlands for company lease verhicles (which is the main channel of newly sold cars here in the Netherlands by a large margin) the monthly payment for a new 45k m3 is the same as it was for a 60k m3 3 years ago, despite the car being 15k cheaper! This is because the lease companies are compensating their loss on the early Tesla's through their new contracts. So yes it makes sense to not want to drop your prices too significantely as a car manufacturer.

[@tonyspiegel6771]

Worst car I have ever owned was a VW group car. No service No repairs and Over Priced. Everything they say about EV's exactly what VW group do. My Tesla has been perfect. Cost nothing to service free updates and superior in every way. VW group definitely no go for me as there past performance here in Australia has put me off for life.

[@philbarker7477]

You really are now living in an alternate reality.There is an EV demand crisis in Europe and America fact.Looking at the price wars in China the same applies there ( but it could be oversupply). What happens in Australia is totally and utterly irrelevant. Just saying the same thing over and over somehow expecting a different result is insanity.

[@maksminimus3089]

Sam, so you're saying that EVs are not ecomically viable for car manufacturers. So you advocate EV utopia which needs to be paid by taxpayers.

[@lancebeare8314]

VW's play book is to Lie Lie Lie, never owned a Vw, never will. Next car will be a Tesla, next car after that...Tesla

[@connclissmann6514]

The problem for VW and Ford (and the rest) is that they have legacy cost structures. Hardest costs to trim are in the staffing area. For tariff-free markets like Australia, the answer is obvious: Supply from China. BUT then where does that leave the pricing and fast margins in the ICE cars and all the spare parts you can sell afterwards? My daughter drives an ID.3 for nearly 3 years and no VW spares needed yet. Not good for recurring income!

[@andersstromqvist2211]

Vw software is terrible if the car was sentient i would say that it hates people. I drive one at work and would never buy one for my self. The car automaticly unlocks when i get close to the car but it wont unlock the cahrge cable woth the key. If i unlock the charge cable with the key it wont unlock the backseat or the trunk pressing the key 4-6 times usaly foxes this. If i drive and leave the car my coworker in the front seat loses her phone connection yhe ac and more. When i get back to the car it will often lock itself instead of unlock. I do not know how they expect to get sales with their crappy Software i rather have a dumb car that does what i tell it to do than a smart car that tries to be Evil

[@thomaswilliams6155]

Couldn't understand what you said in the beginning until you slowed to introduce yourself. Clarity, it's a good thing.

[@LegendaryInfortainment]

VW weathervane style EVs. If you say they suck or that they blow, you're right.

[@ashk4155]

If you buy a real electric vehicle like Nio you don’t have to worry about Nio dropping the price the week after.

[@JeffreyEiler]

The future is having Volkswagen pull out of Australia entirely

[@ilollipop100]

I can put two and two together... Sam Evans is full of crap.

[@williamowen426]

Do you think that Hyundai Ioniq has the same cost problem as VW ?

[@fredericoamigo]

Aaah… WVs flexible relationship with truth…

[@sargfowler9603]

Well Seat are taking $10k off some of their cars, so there must be some profit even at these prices.

[@bigrobsydney]

Bottom line; legacy makers cant make EV's at a competitive price point.

[@pauli2753]

They seem to know something... as they made more profit than ever before in 2023; and the previous best was 2022.

[@Wargasm54]

I will never go back to an electric car. Complete dogshit.

[@MB-sl8pw]

They dont sell because the cars are crap own one myself and is really bad

[@memrjohnno]

Massive losses.

[@Michael-yi4mc]

VW’s business is laying down.

[@doylewillis9587]

That's why you just need to wait

[@blarkdexture8899]

EVs sells like shit in Europe now

[@safebatteries8315]

VWs have always been a risky buy

[@SBha30]

I never thought I would buy a Tesla but here I am with an order for a new M3. Getting rid of the franchise dealership model was a brilliant strategy by Tesla and is one of their core competitive advantages. People will quickly convert to Teslas for better performance and much lower purchasing and ownership costs. They are quickly building scale and no one will be able to catch up.

[@ernest5171]

I read a year ago that cost more than 30% less to manufacture an electric car than a conventional car yet they insist on charging premium prices for them

[@Nun195]

Assemble maybe but material costs are higher mostly because batteries are expensive.

[@Sacto1654]

I'd buy a VW electric car if it had the NACS (SAE J3400) plug,.

[@TerryHickey-xt4mf]

as long as you live in the USA

[@greekguy1843]

Tesla stock pumper

[@FrunkensteinVonZipperneck]

Clearly the “pump” ain’t inflatin’ Frunkin’ share price😂

[@document6]

Why can’t they just copy tesla and byd and make EVs at a profit ??? I’m so mystified by the massive losses on EVs from some of these legacy companies.. just copy tesla and byd, come on!

[@tomdrewenskus8167]

Because of a poor design & platform, expensive batteries and parts, and they need to make at least 500k per year for economies of scale. They don’t want to lose billions scaling up EVs.

[@jaaklucas1329]

Tesla even opensourced their patents years ago to kickstart the legacy auto folks...

[@undisclosedthai]

I recently visited Udonthani and Nongkhai, in Thailand, near Vientiane, Laos. I see some Laotian ID4/ID6 EVs. Laos is much less population than Thailand but they can buy them. We (Thai people) don't. At least, I envying the Laotian VW EV owners, and I agreed that VW is hiding how popular its EVs are. VW is not officially selling its EVs in Thailand (grey importers only), so VW never know how much Thai people want your EVs, not Chinese-branded EVs.

[@gazzafloss]

Talk it up Sam, who knows, maybe it'll come true.

[@neildolan7177]

People do not buy on price. Not everyone wants a Tesla. Now they are on the road. I think model Y is ugly. Its design is very out of date. Looks more like a Ford Sierra than a Kia EV.

[@philliptemple9841]

People do not buy ONLY on price but it's always a factor. I don't like the Model Y which is why I have the Model 3 which I love. Nice reference to the Sierra, which was mind bogglingly popular, and I can see where you are coming from. The Cosworth certainly had a halo effect, much like the Tesla acceleration. The fact is the main reason people buy a Tesla is when they get inside one. Everything just makes sense. Phillip.

[@victorrussell6284]

With 1/5 the number of parts and battery prices still going down EV’s should be cheaper than they are. Part of the problem for VW though is that have large debts to service and strong unions to deal with. As others have said, they will need to make big layoffs to compete, but will the unions let them?

[@homerbeer943]

Legacy automakers are between a rock and a hard place. They've no one but themselves to blame as they've failed to pursue EV technology. Tariffs might save them for a few years but a time of reckoning isn't far off.

[@andrewtorrens947]

They have pursued it...bit no one is buying except the fleets!! The fleets are only buying because of tax incentives...when these fleet cars enter the used car market...it will be a bloodbath!! No one in the UK is buying a used EV ...unless you are not right in the head!! Sam...you and that lying lot from fully charged have been found out...and you don't like it!!...especially empty can't find a charger"fully charged"...they are screaming and having a tantrum!! It is hilarious!!!

[@mokvanvught2368]

I also live in europe and almost every country in the EU have network energy balance problems. And therefore some countries have high kw prices with high taxes on it. A lot of energy suppliers are even giving fines per kw that is not used directly when you have solar panels or a home batterypack. Also the network operators are asking double the amount of network payments for solar panel / heat pump home users to balance their network. Subsidies of EV are almost gone in every EU country. Overall there are reasons why european people are holding back and not buying EV’s. The EU has no overall policy in this matter. This all is a domino effect to slow down or stop the energy transition for EV, home heat pumps and home batteries.

[@MrGMawson2438]

They are sold very much cheaper in China

[@mikapeltokorpi7671]

Different standards.

[@protagonist9716]

Europe loves war, not China, they are much more intelligent than EU fools

[@bwarey52]

There too slow I'm afraif. They are saying they are launching the E Up replacement iD model in 18 month's for 20k..... you can get a new Leaf/Ecorsal208 already in the UK for well under 20k and all bigger size vehicles

[@knudjepsen420]

Yes, the vw group have the same problems as other ev carmakers, but here in Europa we love our wolksvagen, and maybe we are a little stupid since not all of us want to buy a Tesla, here in Denmark VW I'd 4 are selling more. Just now I personally feel I am stupid that I am seeing another video with negative self made konklusions about VW. THE TRUTH is there is NO TRUTH.

[@akeem11h]

Great intro music. 👍 Ford combining cutting-edge electric vehicle technology with rugged off-road capabilities to fit various lifestyles. Woohoo!! #ford

[@m.e.345]

I really feel for those poor souls fighting for freedom in Ukraine.. so what's a few thousand extra when buying an automobile? I am near retirement, but if I buy another car, it will be electric.

[@Ranter-cy5dn]

Is the Viking suggesting that there is something wrong with VW not wanting to sell cars at a loss ? Has he the slightest grasp of economics? Is he suggesting for instance that European car workers should enjoy the same conditions and pay as those in China or that there is some nett positive in heavily subsidised Chinese car makers seeking to dump product they can’t sell in China on Europe?

[@SamSzulman]

Not quite accurate Sam as the Cupra Born has been here for a couple of years... It's true they are probably losing money on each one they sell but so do Audi, BMW & Mercedes

[@raoulheinrichvonmerten4851]

77.418 drive away , new , model Y. Here in Australia. And I would agree with VW . There would be no profit in bringing that electric car to Australia. But this says more about VW than EV or ICE cars. We all know electric cars a very cheap to build, just ask Ford and GM.

[@BamBam-uf4yi]

Legacy automakers most probably have long-term contracts with their suppliers which makes it difficult for them to switch to EV production.

[@ovi9610]

Big problem. They don't want to lose money selling EVs at lower price than cost. But they don't want to mass production to lower cost. The competition with lower costs will take your market.

[@martinharwoodcubatrust]

in new zealand the models ID.4 ID.5 are available $59990 and ID.5 $64990 just saying

[@rudyr1188]

100%. This is the hidden truth. Tesla is one of the handful profitable automakers. Rest can’t compete. They are making losses if they sell more. 😂

[@Pamlicojdjdj1487]

BYD has entered the chat😂

[@ynwht655]

In the beginning .... there where losses then realization sets in volume goes up and profits made ... eat it now to gain market share and feast later... feasting before the harvest is a bad idea

[@learnprogress6618]

Well said

[@graemeallan54]

why more expensive?the car is the same the drive train is simple ,maybe this is a con

[@Paul.Woodcraft]

You must be the seven thousandth person today who VW have had to tell their is no demand for their wish to buy an ID4.

[@spiketwo666]

They never learned from failure of Kodak and Nokia.

[@FiDelZarlar]

❤

[@twistoffat]

Basically depreciate faster than they accelerate

[@sunnyd6291]

Tavascan is so expensive too and so many packs to add

[@bepscamr152]

A company that doesn’t want to lose money on the products they sell!! SHOCKING! What’s this world coming to?

[@JaxApocalypse]

VW’s shitty capacitive buttons and infotainment system software glitches destroyed their EV sales 😂😂 no comeback for them!!!

[@frankcaiman]

VW

[@jantjarks7946]

"Surprise" 🤔🤷😉

[@williamrogers1219]

Vehicles are a depreciating asset. However, Teslas over time have more features after you purchase it. For example, a 2017 Tesla with HW3 has the same new features as a new Tesla with HW4.

[@stefan2796]

I admire the VAG group for their ability to use their customers as guinea pigs for new products. Never ever buy a newly developed VW/Audi/Skoda/Seat model! Unless, of course, you want to be kicked in the balls while the mechanics and salesmen at the local dealership are having a good laugh... Lying is in the DNA of this company.

[@Withnail1969]

Nobody has an EV where I live. No change in the 6 years I've lived here.

[@stefan2796]

Where is that? Iceland?

[@Withnail1969]

@@stefan2796 England.

[@solentbum]

@@Withnail1969 In my locality in England there are several new EVs on driveways. A slow but steady increase.

[@Withnail1969]

@@solentbum We dont have driveways.

[@solentbum]

@@Withnail1969 that may explain it. A charger problem, not a car problem

[@fd2824]

Electric cars, regardless of manufacturer, are still too expensive. It is that simple. The only scenario where an electric car worth the money is if you use it only in a city and you live in a house, not an apartment. In many European cities, if you live in a city, most likely you live in an apartment.

[@brianstevenson9967]

I have to disagree with you. I own a Skoda Enyaq EV. Now that particular car is an EV from the ground up, it is not an ICE model adapted to be an EV. So to get a comparison in price we have to take the Skoda Kodiaq which is the same comparative size to the Enyaq. When I purchased my Enyaq I priced a Kodiaq with the same equipment level as my Enyaq. It worked out as a more expensive vehicle, so in that Manufacturers range the ICE equivalent vehicle works out more expensive to buy.🤷🏻‍♂️

[@fd2824]

@@brianstevenson9967 I don't know about these two models. I do know that the cheapest EV you can buy in Europe costs over 20000euro and is far from what a 20000 ICE car offers. For me an EV is out of the question. Maybe if I ever move to a house and own two cars. For now the RAV4 Hybrid fits my needs.

[@r.a.monigold9789]

All Gas cars have failed spark plugs with individual coils plus Fuel injection Systems fail regularly. In combination these items damage Oxygen Sensors and Catalytic Converters, each costing Hundreds. None of these are covered under ANY car maker's Warranty - owners pay for them. They represent the majority of profit for ALL car dealerships. EVs have nearly ZERO service items. Its Dealers that aren't selling EVs - not low demand.

[@garywozniak7742]

Maybe in European sedans. My Kia has the original catalytic conherter with over 100k miles. My engine tripped a power train code a few months back. I looked up the code and ordered a set of spark plugs and an oem ignition coil for cylinder #4. The coil was only $28 on Amazon. It took me a half an hour to change out the plugs and the igntion coil.

[@r.a.monigold9789]

@@garywozniak7742 I should have mentioned that Korean cars are the exception. Sorry. At 78 I sold my car for the Public's safety - a KIA.

[@timothykeith1367]

There are too many EV manufacturers chasing too few sales. That's a recipe for mass bankruptcy Toyota is looking smarter every day - but anyone who works for a living could tell that EVs were too expensive and have too many limitations. Tesla is also ruined when the government stops paying people to buy its EVs. I think Elon Musk will move on to something other than EVs.

[@davidlloyd1526]

EVs are 20% of car sales, which is plenty.

[@jamie-ck6js]

@@davidlloyd1526 Which means 80% are not, hence manufacturers winding in their plans on EV for now.

[@lONlQ]

Toyota profit margin 10% is surpassed by Hyundai 10.5%.. No way smart.

[@protagonist9716]

​@@jamie-ck6js 80% is declining you, so EU n Japan can continue combustion while Chinese will continue to develop and develop batteries and be years ahead

[@Mutation666]

Id4 is way nicer than model Y

[@ISuperTed]

I tried a Model Y, ID4 and Audi Q4 when looking at leasing an EV 2 years ago. ID4 came bottom by a mile - felt cheap inside and the software was Ugh. I’ve heard it’s been improved, but didn’t like the car at all.

[@MrGMawson2438]

Evening mate👍

[@martinburns342]

And the fall in demand has nothing to do with governments around the world stopping tax payer funded subsidies for EVs, would it? .....