The reason why electric car sales suddenly fell in Australia...

[@electricviking]

The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking

[@billybobbob3003]

electric cars are a terrible decision

[@btrts6431]

Only dummies buy cars based on residual values. You should be buying 3-4 year old leases that have already depreciated or buy new and drive until the wheels fall off. If you buy based on residual value and trade in every few years, you’ll always be broke.

[@davidbrayshaw3529]

I'm generally a used car buyer, and I agree with your sentiment. But the reality is that for us to buy used cars, someone has to buy them new, first. I've only purchased one new vehicle and my partner is about to buy a new vehicle. The first things that we looked at when considering our choices were resale value, insurance and maintenance and then reliability. Only then did we book a test drive.

[@zes7215]

wrg,idts,nos uch thing as getx or brokx or dx or etc, just u r dx etc

[@loktom4068]

That's why the poor become more poor. They only listen to fairytales for their actions.

[@btrts6431]

@@davidbrayshaw3529 That’s true. Somebody does have to buy the first one!

[@RodHicks-v1n]

@@btrts6431 it stands to reason therefore if no one buys new, used car prices must increase.

[@duanejahn2368]

The auto sales in the US are all down due to financial distress. It's just not EVs.

[@icosthop9998]

True

[@vancity2349]

Yes but the overall % of sales is up year over year in the US...

[@SuperHfhgfh]

Demokrats brings poverty

[@jasonriddell]

@@vancity2349 most of the "Western" world is around 8-10% EV sales and I personally think we are "stuck" at that range for a FEW years largely because of enrgy and housing inflation "squeezing" peoples finances and less people willing to "take a gamble" during tough times and that is why "PHEV" vehicle sales are WAY UP and BEV are "flat" once interest rates drop and MORE job stability returns and people "normalize" post inflation prices there "risk" tolerance" will increase and EV's will follow

[@BillJohnston-y7o]

Ya, he doesn't get that. The sales will be worse next year when we fall into a recession. No it won't be Trumps fault either, it's in the books already.

[@sootoongkok]

Another possible reason of decreased July sales of Australian EV is that many know that many new Chinese EV’s are coming in the next few months. So they are taking a ‘ wait and see.’ attitude.

[@davidbrayshaw3529]

Our sales aren't going to move up for another couple of years. Everyone took advantage of the whole car write off last year. They won't be trading in for another two years, and if depreciation rates don't level out, many won't be going back for seconds.

[@tomjensen618]

When a brand new Ionic 5 's 60 000$ battery need a replacement? Those headlines might have something to do with poor sales, Just a thought?

[@christophlindinger2267]

It's still gambling at this point.

[@jimgraham6722]

In Australia charging capacity on the Hume Highway linking Sydney, Canberra and Melbourne has maxed out for the current EV fleet. Two years ago there was adequate capacity but that is no longer the case the EV fleet has increased dramatically but the number of enroute fast chargers has barely changed. Last Sunday afternoon all open CCS2 fast chargers between Sydney and Canberra had long queues mostly well over an hour. There were even queues (though somewhat shorter) for Tesla superchargers. There were also very few AC destination chargers available and those that were, were limited to 6KW. For non Tesla drivers there were waits of up to an hour before you could even start charging on a 'fast' Type 2 DC charger. The chargers were also so loaded up most wouldn't deliver over 40KW. In Goulburn of the five fast DC chargers there, three succumbed and by late afternoon had failed ,(presumably due overheating). The remaining two (of different design) limped along delivering between 20 and 40KW. All in all the charging infrastructure on this route is far short of what is needed in both capacity and reliability for the existing EV fleet. If you are planning on an EV and drive this route regularly during the day, there is no choice, Teslas are the only vehicle that can offer reasonable prospects for recharging and even then there can be delays. The alternative is to give up on BEVs entirely and go for a PHEV.

[@jimgraham6722]

@@oldbloke204 Have an ICE so don't need to buy one. However, , the EV is a much nicer and cheaper vehicle to get around in and of course doesn't crap the atmosphere. That said you are correct, in the absence of decent charging capacity, the current crop of China EVs aren't up to long inter city trips. What's happened is the number of vehicles has ballooned out but there has been no matching increase in supporting charging infrastructure. Indeed it seems to have gone backwards with many badly designed chargers failing the 'load' test. That said I was surprised some enterprising soul didn't bring a coffee cart to the charging station. They would have made a motza.

[@jimgraham6722]

@@oldbloke204 I am inclined to think the investment will emerge, problem is people still haven't worked out the business case. I am old and when young horses and carts were still common place. Even after they fell into disuse it took about five years for the local stables to be knocked down and replaced, by a department store. It has subsequently been knocked down and replaced by a high rise apartment block.

[@malcolmstreet1]

How many EVs need a recharge for a Sydney-Canberra trip? My Cupra Born has a touring range of 400km and does it easily. Even our Leaf e plus will easily do the trip either way. No shortage of places to charge in Sydney and in Canberra I charge at home.

[@auzziebiz]

@@jimgraham6722 We just pull out our table and chairs and boil the kettle from the V2L, have a coffee and biscuits. So far I have not minded waiting, we usually need a break by the time we pull up anyway. We also still have a Maloo Ute, it hardly ever gets driven now. We both prefer the Atto 3.

[@karenstrain1152]

Two or three auto makers (GM, Ford, Nissan?) now have adapters and a deal with Tesla to allow their non-Tesla vehicles to use the Supercharger stations.

[@TheLDunn1]

It’s not just Australia. EV sales in Europe in June ‘24 were down vs June ‘23

[@Longtack55]

Yes, the accelerating rise has slowed.

[@zes7215]

wr

[@stefan2796]

@@Longtack55 There is no market for second hand EVs. Just watch what will happen Q4, when a lot of business lease contracts will end.

[@alex.velasco]

@@stefan2796 what market will there be, in the very near future, for obsolete internal combustion engines?

[@digitaldirect-q5w]

Yes..they are phasing out of government subsidies.. and when the US does that in a year.. sales will go down.

[@stefan2796]

EV sales are tanking in the US and Europe as well, not just in Australia. And no market for second hand EVs.

[@yggdrasil9039]

The charging network is the main sticking point, as prices start to approach parity.

[@FoamCrusher]

I have an EV, but I can and do charge at home. If I did not have that ability, as people who live in apartments and condos with shared parking do not, because the terrible charging infrastructure (and I live in California where 25% of new car sales are EVs) my replacement car would have been an ICE vehicle.

[@RVM-25]

This is the point. I live in the center of a big city in Portugal. In my building, each flat has only one parking spot, and almost every family has at least 2 cars. This is common to a lot of cities in Europe. How are we going to charge our cars if we don’t even have a proper parking spot? People who have access to a proper garage have most likely already invested on a BEV. But for a lot of people this is not an option, no matter the price of the car, running costs or its future depreciation

[@ivannavi8154]

Why is Sam so surprised EV sales are down in Australia. It’s been a downward trend for 18 months now so it’s not headline news and it’s nothing to do with the media. It’s just people making a personal choice for their new car. Hybrids are continuing to outsell BEV’s by 3 to 1 and are a good fit for the Australian driving environment. You cant force people to buy an electric car (or anything else for that matter) just because you like them yourself.

[@puzer1]

perhaps the fact that his livelyhood is based on EV propaganda might have something to do with it...facts are meaningless when conspiracy theories are easier to sell...

[@philiptaylor7902]

Figures in the UK for July out today, up again to 18.5% for the month and 16.8% for the year. Double digit growth on last year. So much for sales collapsing.

[@brendanpells912]

Market share up from 16.1% to 16.8%, so not a massive growth in sales, only slightly ahead of overall new car sales. Biggest growth is in plug-in hybrids. Tesla sales continue to slide, down 21.6% for July, and down 12.9% for the year to date.

[@michaeledwards8079]

yes but who is buying, lease deals are very attractive, salary sacrifice and corporates buying are holding up the sales market

[@markbennett6658]

@@michaeledwards8079cars coming off lease with high depreciation feeding the secondhand market which is exploding though. Another 3 year cycle and the first lot of off lease cars will be way under £10K to buy and adoption will increase exponentially with the low running cost advantages and further improved infrastructure by the late 2020s. The genie is definitely out of the box!

[@TruongTran-w7s]

One of my relatives bought a new 2011 Camry for around $ 21,000. She got in a car accident in 2023, the car was totaled and her insurance paid her 13,000 with 500 deductions for the car. There is no way you can get 50% of value for a 12 years old EV

[@jsanders100]

Spurious argument because so many factors have changed

[@vgbyte1648]

That's some crazy good insurance. Here you'd get max 5k for that...

[@TruongTran-w7s]

@@vgbyte1648 it was in early 2023 so car price was crazy back then but I do believe any Toyota, not EV Toyota, will hold value better than EVs out there.

[@jimgraham6722]

Don't know because tech hasn't been around long enough. Somewhat annoyingly, so far resale value of EVs is holding up very well, so no bargains yet.

[@RodHicks-v1n]

Yawn - a 12 year old EV? Tech has moved so quick

[@Gavin-qh7li]

Yeah no one wants them Insurance Depreciation No trade in The price of Lithium and Nickel is going up

[@JohnSmith-ux3tt]

And the price of electricity is going up - thanks EVs.

[@hardi.howdy.983]

No need to sugar coat the downtrend in EV sales. In the end, it will make manufacturers to reduce prices to increase sales. So, good for the consumer.

[@garydavis1528]

Can only reduce charges when the truly excessive costs to their production come down but such a plummet is many years away. China to everyone is already heavily subsidising and often selling at considerable loss per vehicle.

[@orionbetelgeuse1937]

@@garydavis1528 they are selling at loss trying to bankrupt the other manufacturers

[@ivannavi8154]

They’re already selling EV’s at a loss to try and get a foothold in the global car market but that can only continue for a certain time. Those losses have to be recovered later and that will mean the price of EVs and batteries will have to eventually increase, not decrease.

[@orionbetelgeuse1937]

@@ivannavi8154 of course, once they destroy the competition they will put the price they want

[@Gavin-qh7li]

EVs are a bad investment The depreciation is almost double compared to a ICE car You can't trade in a EV you have to sell it privately Maintenance is expensive EVs last 6 to 8 years. A EV is worthless with a bad battery The insurance is expensive because yo😅u might scratch the battery and repairs are expensive The price of Lithium and Nickel are rising Do your homework yourself

[@myneighbourhood2842]

I give 1 big reason why CAR sales drop off from June to July - EOFY Buy before the end of the financial year and you don't have to wait 12 months to write it off on your tax. And for myself buying a new car I will wait till interest rates come back down so the extra money can go towards a new EV and not my mortgage.

[@John-p7i5g]

RAV4 hybrid $35k, 1,000km range Tesla ModelY $55k, 470km range. BYD have the right idea, working on making cars that directly compete with ICE and HEVs on sticker price.

[@rickchiplin4970]

Hybrids Win

[@RosinaAyling]

Wrong. I own a Tesla y long range. Advertised range 533km. In real world, cruising at 110 km with a/c or heater on, the range is 280 km. Charging on the highway is dearer than purchasing petrol

[@undercoveraca]

I rented a polestar 2 too, for 3 weeks. Nothing made sense on a practical level. I learned not to judge a car on decent looks...

[@timothykeith1367]

I'm buying a used Yaris - the cheapest long-term late model car in the U.S. Can last more than 500,000 miles and can be even then be put back on the road with a JDM engine

[@johnmeeks7320]

OK if you dont like driving and hate yourself

[@FutureSystem738]

All the media FUD is definitely affecting people. Many people believe the lies. Buying an EV is still a no-brainer. The only thing now is that I’d perhaps contemplate buying second hand- fabulous value for money.

[@zes7215]

no such thing, doesn tmatter

[@archiefleming652]

No brains if you buy an EV in Australia

[@FutureSystem738]

@@archiefleming652 What an ignorant, uninformed and positively stupid comment. We have an ICE SUV, and a (very nearly) five year old Model 3. The Model 3 has been absolutely fantastic since day one. The SUV sits unused and sad in the garage most of the time. My wife and I both hate driving it compared to the Tesla. It is waay more expensive to run, and maintain. We will NEVER buy another ICE car.

[@longstops1430]

What's the big picture in the data? Government and fleet sales up 13.7% and 37.5% respectively. Private sales down 4.2% - all ICE. PHEV sales up 128%. That tells me that BEV is on hold as the next segment of EV owners after the early adopters are worried about range and batteries and so being careful and buying a PHEV. Once the new battery tech is offering 800km ranges and 10 minute charging times sales of BEV will begin to increase again. We'll also have different vehicle emission standards next year which will change the picture entirely. Fleet sales are very interesting. Sales of pure ICE are down (-5.9%) while all other categories; EV (+32%), PHEV(+125%) and Hybrid(47.5%)+ are up. The decline in private ICE is -16.3% compared to July 2023, while private EV sales are actually up 6.19%! PHEV is up 216% and Hybrid is up 128%. The 'decline' in pure EV sales is actually a loss of market share of 0.4% mainly going to PHEV. One thing is sure though. ICE is the real loser.

[@SimonParrot-o5l]

Perhaps it's the insurance and repair costs

[@Paul-b2s4j]

The reason why electric car sales suddenly fell? Umm.... people stopped buying them!

In Portugal BEV sold almost the same as gasoline during July (23 vs 27%). Accumulative is 17 vs 31% but the gap is closing...

[@aussieideasman8498]

So - what did the other 50% buy? Donkeys?

[@waynethefridgemanosborne8984]

Enjoy the polestar 2. I did when I had one in the UK last year. Hopefully we will see you in Melbourne SUV show

[@brendanpells912]

In the UK, EV sales are pretty much following the general increase in all new car sales, apart from Tesla, whose sales are falling. The segment with the largest growth in sales is plug-in hybrids, largely because of the generous tax breaks for company cars.

[@jamie-hb8gy]

No there not EV sales are down all over the world because theres no more idiots to buy them.people are waking up

[@carloon7612]

Great show. Try getting a cupra born VZ, SMART#1 brabus. Ok, why are VW, Toyota and Hyundai sitting in a corner sulking. If BYD can release a small run about like the Dolphin, why can't the legacy brands. A lot of people I speak to are thinking hybrid.

[@xlerb_again_to_music7908]

Private driver/owner EV sales in UK are down, much due to finance options. Employers can offer staff a vehicle finance option; staff opting for employment "salary sacrifice" for a new car via a finance company now get tax advantages). A lot of sales have migrated away from private sales to "Fleet" sales category, ownership is held by the financier and the car/EV is in their fleet. A new EV is still parked in the employees drive, but private sales seem low.

[@stefan2796]

Private sales has always been low. And there is no market (or hardly a market) for second hand EVs.

[@michaeledwards8079]

I lease my EV and list price was £33000, it is now 11 months old and ones the same age and mileage are selling for £16000, that is a huge loss in 11 months, so who takes the hit, the manufacturer, the dealer or the tax man, ie you and me

[@davidbrayshaw3529]

I hope that the terms of your lease are good and that you're maintaining your end of the deal. You'll definitely want to be handing the keys back to the lease company and not paying the balloon by the sounds of things.

[@kenoliver8913]

So EVs becoming cheap are somehow a PROBLEM? That seems crazy to me. If you are in the market for a new car why would you not assume that ICE cars will in future depreciate quickly because their alternative - EVs - are becoming ever cheaper?

[@longstops1430]

Good time to buy a second hand EV then.

[@davidbrayshaw3529]

@@kenoliver8913 I'd risk buying a second hand EV at the right price. There is no way that I would put money on the table for a new one. Until that isn't for the wealthy and mugs, I'm waiting.

[@MP_145]

​@kenoliver8913 1st issue, no one is going to pick the fastest depreciating item to buy, hence the drop in demand. 2nd issue, demand is determined by the consumer. EV being new and unknown with unfamiliar brands will turn some buyers off and they will purchase 'traditional' vehicles or more likely to go in-between at PHEV or Hybrid. This will not drive down prices of ICE cars. Hybrid / PHEV take up, availability and new models coming out with 80-120km ev range with benefits of ICE distances and fill times is the natural progression. EV's will not triple over the next 2 years, Hybrids have this trend at the moment in an area that's breaking month on month records.

[@Paul-b2s4j]

I would like to know where you came up with 100 000 EV,s delivered this year. All the figures i can find say about 58 000!

[@davidbrayshaw3529]

Don't listen to Viking's figures, they're arbitrary at best.

[@rickchiplin4970]

Viking will give you 3 different figures for deliveries just to Promote EV.Cant get passed Batterys and Bullshit.

[@charliequach6399]

I think he included hybrids.

[@oaktree33]

EVs are a dead man walking

[@hardi.howdy.983]

How can a dead man walk? Funny when you think about it 😄

[@davidbrayshaw3529]

I think that they'll co-exist alongside ICE vehicles, but all this talk of "ICE is dead" is lunacy.

[@oaktree33]

@@davidbrayshaw3529 agree, but they will not be mainstream for a long time

[@davidbrayshaw3529]

@@oaktree33 As much as EV zealots deny it, physics alone doesn't allow EV's to replace ICE for many use cases, and then there are a couple of other hurdles to jump. That said, though, EV's suit a lot of use cases well. It's a shame that you have to sift through so much BS and disinformation on the subject.

[@Gavin-qh7li]

​@@oaktree33there is only enough Lithium for 30% of cars so how is 30% maximum the mainstream The mainstream will be ICE cars

[@tonywei423]

The high inflation and interest rate, plus sinking economy makes more people have to cut spending. More and more cars can not even afford to be insured due to sky high insurance cost. Insurance companies put the cost of car thief to consumers due to incompetent government could not stop the crime. Private health insurance rate keep dropping as well.

[@KenSiebring]

Private buyers are either broke or hanging onto what money they have got

[@stefan2796]

And no market for second hand EVs. Dealer don't want them. Consumers don't want to take the risk as well.

[@sony5244]

I'm in India and i own an EV, i don't expect my ev to have any resale value and that's a bummer. Having said that , one needs to hold an Ev long term, atleast 8 years [ warranty period] to recoup the cost of the car .

[@zoransarin5411]

I you are like many people and buy a car and hold it for about 10-12 years, then all of the talk is just paper loss and not real. It is only an issue if you plan to sell after owing it for a short period

[@jasonriddell]

@@zoransarin5411 also a LOT of the depreciation is from HIGH initial prices and NEW models priced LOWER with better performance and that trend has LIMITS

[@sony5244]

@@zoransarin5411 That's true , if an Ev car runs flawlessly, say for 10 years with only minor repairs , then i assume that one would have recoup atleast 80% of cost of the car .

[@zoransarin5411]

@@sony5244 and saved a lot in not having to do maintenance, servicing and cheaper to run, especially if you have the benefit of solar

[@zoransarin5411]

@@jasonriddell exactly. It is much like when flat screen tvs first came out...the first ones were here in Australia around the $10,000 mark. And those weren't big, they were 40" or so. The prices dropped along the way and they got bigger. Now you can buy an 85" monster for $1,600. The same will happen with EVs until they reach maturity and their price stabilises. I think people buying an EV now know that.

[@DadNotmyname]

I think sales have gone down because everyone is expecting prices to drop. At the prices of a new car, this is a frightening thought. You don't want to get caught buying at a high price and missing out on the discounts or unable to resell the car at a later point because of a high debt on the car.

[@MLF-kq8ut]

I think there's also an element where there's constant news about more affordable Chinese cars with progressively longer range and battery tech that could possibly enter global markets soon. If you don't need to upgrade straight away many consumers may choose to wait until cheaper and better options come on line.

[@derek-j3v]

The reduction in EV sales is entirely because of Tesla. The sales of all other EVs increased. Whether this is because of falling demand or because Tesla has decided the Australian market is not sufficiently profitable is not clear. The figures are also distorted because Toyota is frantically delivering vehicles because customers have begun cancelling as other distributors have stopped pretending thay have shortages.

[@picandvideo]

Those have excess cash already bought them. Saturation point is set in.

[@SunRise-ul7ko]

My model S battery lasted around 10 years. EV'S depreciate because the battery degrades over time even if you don't have that many miles on the odometer.

[@aussieideasman8498]

Almost everyone has a fuel tank that will last 50 years but, if they accidentally rupture it early, they can get one for about $400 from a wrecker.

[@RodFarrell]

Its dangerous to read anything into one months figures. In Australia sales are measured by vehicle deliveries and as many cars have to be pre-ordered, sales figures fluctuate with the arrival of cars from China.

[@Mububban23]

More Volvo EX30s sold than MG4 - I find that genuinely surprising!

[@AlGreenLightThroughGlass]

Toyota is selling massive amounts of hybrid RAV 4s - buggy Chinese EVs are not quite there yet.

[@MrGMawson2438]

But Sam I keep saying Toyota are the best and you know it

[@icosthop9998]

Their *"BZ4"* truly sucks ❕️❗️❕️

[@MrGMawson2438]

@@icosthop9998 True

[@rdbjbush]

Camry

[@hardi.howdy.983]

They are the best, still selling most cars than any other company!

[@BrunoHeggli-zp3nl]

Toyota has the best Timeing,they will have the perfect BEVs ready at the perfect time!

[@rishab2006vr]

I am waiting for next refreshed model y - long range to announced. I am hoping it is using the CT wiring harness. 48 volt architecture…

[@BrunoHeggli-zp3nl]

Just buy a Porsche!

[@trythis2821]

I'm hoping Telsa hurry up and release the refreshed Model Y, dragging things out for what seems like an eternity is their specialty.

[@highvoltage3479]

EV sales has fallen world wide , some places faster than others. They are Not working out for people on the move in this fast moving world . Time is Money !

[@longstops1430]

EV Sales haven't fallen in Australia. They've grown. It's market share has fallen because of massive PHEV and Hybrid sales. ICE is down.

[@RodHicks-v1n]

@@highvoltage3479 gotta luv factual comments without the facts

[@JohnSmith-ux3tt]

​@@longstops1430Phev and hybrid are ice.

[@fyeofyeo402]

The global downturn in the stock market will make me hesitate to take out a loan.

[@scottd1342]

Meanwhile the Dow is up over 40,000 again. WTF are you talking about?

[@kitatit]

Unfortunately, even here in Australia, the yearly insurance cost is more than I paid for my car, 11yrs ago…. Yes, I paid $3000 for a used car and that wouldn’t cover the insurance for an EV! I’m not even considering an EV until this changes drastically. If that takes 5-10yrs so be it. I’ll be buying used ICE until it does.

[@DeveloperChris]

It is interesting to see toyota advertising ev's on streaming services in Australia. They aren't advertising the car, but purely relying on brand loyalty. However it is good to see actual ads for EV's. once manufacturers start advertising, sales will increase dramatically (IMO).

[@kenoliver8913]

Ads for a car are a sign it is NOT selling so well. No-one advertises cars with a 12 month waiting list. If you are selling more than you can build then money spent on advertising is wasted.

[@brentcowan8077]

EV's in Canada are only 5% of the total market

[@SteveLomas-k6k]

And if it's like everywhere else, that's mostly corporate and gov't fleet vehicles.

[@hargeaux]

Sales are still up considerably YoY

[@trev1978]

My prediction is Hybrid car sales will keep rising well above EV sales because Aussie drivers don’t wanna deal with driving long distances (Australia is MASSIVE!) with range anxiety, long recharge times compared to filling up with petrol, added to their already long driving journeys. Hybrids are still cheaper than EV’s too

[@jjjxoxoxo]

Some people travel long distances. The majority do not. Pure electric vehicles are the dream, not hybrid.

[@trev1978]

@@jjjxoxoxo well ‘the dream’ is not selling well here

[@jjjxoxoxo]

@trev1978 oh yeah. Good luck. I'm already living the dream owing an all electric car. I will never look back to Toyota hybrids, like a rav4 or anything else.

[@trev1978]

@@jjjxoxoxo think i will stick with my petrol outback awd that does 750 km’s per tank and refills in 10 minutes 👍 and it doesn’t depreciate as fast as a smartphone

[@jjjxoxoxo]

@trev1978 I'm happy it works for you. My lifestyle is city driving, and the EV is perfect and saves a huge amount. I do about 1000km per week with no charging issues at home.

[@bruceevennett955]

Availability of small commuter,lower priced EVs such as the seagull will make a big difference to sales imo

[@michaelsutherland8623]

Great videos and education for people around the world. I’d be very interested in a video describing your solar system in much greater detail. What you pay per kWh for electricity, the approximate cost of your system, plans for energy storage etc. I live in Canada in a province where we produce large quantities of natural gas which is used for home and water heating. The cost of natural gas heat is low compared to electric, so there is currently little financial incentive to move to solar based electricity. We also have extremely cold weather in the winter and our northern latitude makes solar less efficient. All of that said, I’m still interested in moving to renewable power. What are your thoughts on a system similar to yours in areas more similar to mine? Keep up the good work!

[@sakupitkanen7574]

I think the biggest hesitance that consumers have towards BEVs at the moment is bad resale value (fast depreciation), disappointment to previous/current generation BEVs and high prices (slow economy in many countries). Looming recession is not helping. Regarding Trump, although he has been quite critical towards BEVs, he has softened his tone lately (he respects Elon a lot, which might be one factor). He said that EVs are great, but not for everyone. Anyway, I think he is very practical- no EV mandates, no government subsidies, make gas cheap again i.e. help everday living costs for consumers (most people still drive gas cars anyway) and let every technology compete with their own strengths.

[@howardj602]

Just yesterday Trump said he is all in on EVs. After Elon donated through a super pac $45 million this month. However the gas and oil guys are not to happy about it after he promised to support them. Besides his supporters, he is lying to them now.

[@AnarchyEnsues]

We are actually in a recession, and sales before July are indicative of business customers who can easily write off vehicles in their tax. Where is the mum and dad private owners are struggling with high interest rates and off putting a new vehicle purchase

[@kurniawanwidisusanto3619]

I bought wuling binguo ev It has lifetime warranty for 3 parta (battery, converter and motor) I might use it forever, no expectation to sale it later.

[@trythis2821]

Wuling is so cheap who cares if resale value is low.

[@genieb]

I think you are right Sam, I also hope that you are right :)

[@TRAVELYIP]

Protectionism starts working!

[@netsiteing]

Is the Government extending the whole discount scheme around FBT when notating PHEV and EV post FY25?

[@neildolan7177]

Sam, I think you would have to agree that the sales of pure EVs is slowing down as people pivot to PHEVs. This is China's fault because in order to grab market share, often at a loss, they are now dumping PHEVs into the market. This is a disaster and not good for the long-term goal of zero emissions as it guarantees ICE for another 20 years. How can we justify China's eternal increase in emissions to achieve this goal? Shareholders are to blame.

[@SemiDad]

Two major factors influencing EV purchases. 1) Huge depreciation. 2) Distrust in the used car market.

[@dougsheldon5560]

The depreciation here in the US certainly isn't helping. People just don't pay much attention like we in your informed listener-ship.

[@davidbrayshaw3529]

Depreciation is a killer in Australia, too. It's been a double whammy, here. Firstly, Tesla's discounting. Secondly, last year as a business owner you could claim the whole expense of an EV below a certain threshold as a full loss in the first year. That created instant demand which then evaporated. Most of those buyers wont be back in the market for another two years now, if they can afford to trade their vehicles in. My accountant was one such buyer. He usually buys a new vehicle every two to three years. He reckons that he's going to have to keep his model Y for 4 or 5 years to maximise the financial benefits. He's also out looking for an ICE "toy", as we speak.

[@MikesProjectsandHobbiesMC]

50+ years of buying cars I’ve never allowed depreciation impact what I WANT. Very few cars come even remotely close to being an investment. Depreciation on BMWs here is insane but I’ve owned several and enjoyed them immensely. Life is to short to worry about what your car will be worth tomorrow.

[@davidbrayshaw3529]

@@MikesProjectsandHobbiesMC There's no problem with that if you can afford it. There's a big problem with it if you can't. There are plenty who aren't in your position but make the same decisions regardless.

[@MikesProjectsandHobbiesMC]

@@davidbrayshaw3529 I do feel a big collapse, reset or what ever you want to call it is on the horizon. I’m sure that’s weighing on a lot of people’s minds and their decisions. I read that 1 in 5 cars in the US is in default. What’s interesting is about that same ratio for cars with expired tags. People in the US have purchased cars they can’t afford.

[@davidbrayshaw3529]

@@MikesProjectsandHobbiesMC I don't know if I'm too worried about a "collapse", but I've certainly positioned myself for a "correction". That's certainly going to prove challenging for those that have over extended themselves and to their creditors in the quest to drive the latest shiny thing that catches their eye. More fool them. I'll stick to paying cash for what I can afford, thanks. And if I can't afford it, I won't buy it. Life's to short to live under a bridge.

[@davidtaylor6870]

If it may be the case that EV sales have stalled, just maybe, then it might be that we (as in me) do not want all of the bangs and whistles that most every EV has in their equipment level. There used to be a base model you can buy, then if you want, add those options. Pricing, and model choice is stopping me buying a n EV. I think the time if the early adopters is over, and EVs are scale, so where are the inexpensive cars, sub $30K?

[@davidboskett5581]

The decision to buy a new EV will always be complicated by the fact that a new and better model will soon be available and will likely also to be cheaper .It was the same situation with computers 20 years ago but the trouble with EV's is that they are lot more expensive .Your advice not to buy a BYD Seal until the next model comes out applies to nearly all makes and models.

[@lesliecarter4295]

Be careful Sam those rose tinted glasses can damage your eyes…

[@jamesford2040]

Also your brain

[@robertfonovic3551]

I usually watch this site on my mobile phone. I was on my computer last night and mistakenly clicked on one of Sam's YT videos. Sam's face on a 4k OLED TV is like looking at a train wreck.

[@michaelrutledge5991]

Optimism is far healthier than pessimism 😊

[@frankcoffey]

The misinformation folks are having the opposite effect. They are controlling the demand for EVs and keeping prices low. That means the folks who already want an EV can afford one and without that misinformation they might not be able to afford an EV. In 2022 a Tesla Model Y was $70,000 in the US and I just wasn't willing to pay that. A year later is was down to $50,000 and I was able to get one. Thank you misinformation folks! You saved me $20,000. 😁

[@TheLDunn1]

@@frankcoffey and what happens in a years time when they are down to $30k, you will have lost $20k

[@BrunoHeggli-zp3nl]

Everything is fine!Great cheap Evs and pluginhybrids from every Brand except from Tesla!Cant wait to see the ID2 for all!

[@DenisUpsall-r2m]

Wake up! EVs require too much power from the grid. They also can only do 60% of claimed mileage. They are OK for city folk doing short trips. Even California with ghe biggest charging neywork in the world hss prople wueing fir hours to recharge. Take note of the Hetz EV failure to realised reality. While Australia has Chris Bowen dring our energy grid we can never embrace EVs.

[@puzer1]

lol...this poor guy has difficulty with basic math...

[@icosthop9998]

The *"Chrysler/RAM/Dodge/Jeep/products"* in America are not moving off to dealership lots at all. #Stellantis sales are down all across America.

[@jestronixhanderson9898]

Its natural to hit a stale point in new tech , even if its better, now we wait for production to demand sync, prices rocket when the second wave hits

[@martinbrookes1372]

Its quite straightforward , people realised EVs are shit .

[@jsanders100]

Most people say that have never driven one. Which models have you driven an why were they shit?

[@SteveLomas-k6k]

Correct answer!

[@zoransarin5411]

And yet they sell more EVs each and every year and 2024 is anticipated to sell more than 2023. An EV was the best selling car of any type in 2023. It beat the Toyota Corolla and RAV4, which is no mean feat. The data suggests the only think uninformed and shit is your comment and understanding of EVs and the market and real world data. All the power of phones and computers and google and you lack the intelligence to do basic research before screming to the world how little you know.

[@aussieideasman8498]

@@zoransarin5411 You are a victim of the apt adage "lies; damn lies and statistics" and it shows you are not a thinker. Tesla make one good car (3 and Y are hardly different enough to be separate cars, but call the 3 like the Corolla and the Y like the RAV), and is in a roughly 10% market bubble. Corolla and RAV are in the 90% bubble, of which people have enormous choices, so can opt for a Mazda3, an i30, a Cerrato, and probably ten other cars similar to a Corolla; and Tucson's, x-Trail's, et al that vie for RAV4 sales. When you look at total sales in each class, 9 out of ten are ICE, so Tesla is getting thumped. While EV's sell more than they sold each previous year, so are all the same class of cars in ICE selling more. You have no argument.

[@zoransarin5411]

@@aussieideasman8498 Lmao. Google Phase Out of Fossil Fuel vehicles. See when various countries, cities and territories around the world have legislated to ban the sale of new fossil fuel vehicles. ICE cars have a used by date you idiot. They are being phased out. They are being legislated against. EVs are getting better and cheaper than their ICE equivalents. Maybe go look at Drive Australias recent story - Australian new-car sales in July 2024. Look at the graph titled "Sales share by fuel type (electric inc PHEV)". ICE sales are declining and have been since 2011. Petrol sales are falling fastest. Diesel has remained realatively flat, mainly from Utes I would suggest. It is only hybrids that have increased. But BEVs keep climbing. Don't you just look forward to the BEV future?

[@hardi.howdy.983]

Look after your eye, Sam. What did the doctor say?

[@davidbrayshaw3529]

He's one eyed?

[@MP_145]

Consumers actually buying Hybrids over EV's. Can't see this trend changing in EV's favour. No range or charging issues, great economy and resale value. As the EV industry continues to drop prices they are hurting resale values killing people's interest as well, how low will it go? How much will people lose...???

[@patrickkavanagh3504]

I have a litre of milk in my fridge with a better resale value than an EV. Just ask hertz's they are still regretting buying 100,000 Tesla's.

[@BittermanAndy]

Cars last longer than milk. You're welcome.

[@patrickkavanagh3504]

@@BittermanAndyYou are very clever did you figure that out yourself?

[@jasonriddell]

Hertz is NOT "regretting" buying Teslas they could NOT charge a PREMIUM for a NON premium car at the airport as they tried the Teslas they are unloading are at there scheduled sale time and they are EXPANDING there EV rental fleet primarily on long term and "rent to UBER" programs and reducing Teslas for daily rentals to more "EV friendly" markets and away from every airport rental desk in America - directly from the earning call last quarter yes they had a LARGER then expected write down due to NEW tesla prices dropping during there ownership period driving down residual prices but is NOT a financial "hit" and engine failures in FORDS was as great of a financial "hit"

[@patrickkavanagh3504]

@@jasonriddell Hertz CEO has lost his job for buying Tesla's. They wrote off a huge amount. Between 500 and 700 million. There shares dropped 50% because of it this years. There shares lost $1.44 in q2. They regret buying tesla's. If a ford broke down, as it was under warranty ford would fix it.

[@malcolmstreet1]

@@patrickkavanagh3504 "If a ford broke down, as it was under warranty ford would fix it." So Tesla's don't have a warranty? News to me...

[@BrunoHeggli-zp3nl]

Everything is fine,BEVs Sales growhing but slower and Tesla goes down the Toilette!What you want more?Its perfect!

[@pontiuspirate1925]

I don’t think Aussies are anti EV, it’s just that they don’t seem to be particularly interested in electric cars. It’s pretty simple, just personal preferences.

[@kalex381]

I just read the McKinsey global mobility report for 2024….it was interesting to read that in Australia 49% of existing EV owners are more likely to switch to ICE as next car due to difficulties with charging..

[@wendeljudd4725]

You have got to be a fossil fuel Troll. If not, you obviously don't own an EV. Get one first, then comment.

[@kalex381]

@@wendeljudd4725 , you are right I don’t own an EV nor I have any interest in doing so any time soon. Limitations on range, charging time, lack of charging infrastructure, expensive insurance and repairs, increased purchase costs are main reasons that put me off. Assuming i ignore these factors , what do I get with an EV……a car that does the same thing my existing car does. Gets me around…

[@victorsvoice7978]

The reason evs sales are slow is cause the cars are overpriced. If only Australians could buy evs at the prices the Chinese pay. Australians can only buy suvs or pickup trucks(utes). Not affordable small hatchbacks.

[@trythis2821]

Agreed, can understand freight and tax but obviously the importer is inserting a pineapple prickly side first where the sun doesn't shine on how much they are profiteering.

[@MartinLovasz-r7r]

Classic, blame someone else instead of the poor product.

[@abzulooks6012]

At the moment buying an EV is a bit like buying a PC in the 90's. PCs back then would massively depreciate as new chips with more processing speed came out. Or maybe it's more like buying a home PC in the 80's- at the beginning of the decade they were luxury goods and very expensive, by the end of the decade they were affordable and everyone had one. I'm hoping my crappy old car with 250k on the clock holds on for another year or two so that I can buy an EV when the price has dropped even further and newer models with even more range come out.

[@davidbrayshaw3529]

Don't expect EV's to improve much from this point forward. You might get improved charging times, but that's about it. If you're in Australia, the used market is littered with bargain Tesla's at the moment. Ignore the asking prices and pay Redbook valuation. You'll get a bargain priced two or three year old car with as little as 10-20k on the clock. There are hundreds of them for sale.

[@trythis2821]

@@davidbrayshaw3529 While I like your advice, convincing most Tesla sellers to part with their car for Redbook valuation price is like trying to get blood out of a stone.

[@davidbrayshaw3529]

@@trythis2821 I'm surprised. I had a look at a site recently and there was over 600 cars for sale.

[@maksminimus3089]

Sam, please note that EV sales were supposed to shot up because we're getting ready for net zero. So that moderate increase, and market share drop, is a disaster, no matter how you want to spin it. Also, recently Auto Bild ran highway tests for multiple EVs. Average drop compared to WLTP range data is 30%, with the winner dropping by 47%. And that's at speeds up to 130 km/h, while in Europe gas traffic ususally drives at 140 km/h, or faster. Try imagine electricity consumption then. Basically, EVs have very limited use case, and it conflicts directly with true eco solution for city commuting, which is public transportation. So basically EVs are useless and/or harmful.

[@derek-j3v]

Over 50% of vehicles sold last month had an electric motor. That was less than 10% last year.

[@maksminimus3089]

@@derek-j3v But I guess they were hybrids. And if plug-in hybrids, they sell only because of artificial road tax reliefs. Otherwise, there istn't much eco in 2,5 ton behemoths.

[@singed8853]

Always a lot of whining about the media. Totally detached from reality.

[@lifeliver9000]

Stopped following main stream media a year ago - 90% rubbish

[@davidbrayshaw3529]

While forgetting that he is the media. I love it when KZbinr "news and information" channels roll out their anti media sentiment, especially when their own fact checking is so poor and their bias so pronounced.

[@lifeliver9000]

@@davidbrayshaw3529 he ain’t main stream media. He prob fact checks more than mainstream media. Media sell stories they are paid to. My country is bad for it. What ever spin or selected facts at a price. You tubers haven’t been tainted yet to the extent of the make money at all cost for shareholder corporate news channels.

[@MikesProjectsandHobbiesMC]

All vehicle sales are way down in the US.

[@chris10hi]

Viking, you were saying that by 2030 most of cars in Australia will be EV, what happened?

[@truebrit3670]

Up 19% last month, year on year, in the UK. (Data out today). Diesel is dead and petrol has just over 50% market share and falling.

[@earth2006]

Junk is junk. Why would anyone by junk ?. Lousy way to short-range. Incredibly high price. Extremely unreliable. Gigantic huge repair bills down the road. Do we need to mention infrastructure issues or deprecation.?

[@Withnail1969]

He can't grasp that charging speed like they have in China doesn't mean anything in Australia. You need the actual chargers as well as the car.

[@renanber84]

The world isn’t ready for bevs Sam!!! That’s why sales are dropping !!! There is just not enough !!! Phevs are the way to go in the moment!! Bevs in the future!!

[@Gdesign959]

Hate to break it to you but it’s not Trump. Yes he has said EV’s aren’t the be all end all for everyone and any object person would agree. He has said we need a mix of everything that being ICE, Hybrid and BEV.

[@jmark7390]

Trump has been bought by Musk. Now he will be pushing EVs.

[@darrylwhitley877]

All car sales are down, and if not already, then will be very soon. For the 1st time in 4 years, there's been 'sales' on current model cars. Regarding EV's, there are some caveats, firstly very good choice for city dwellers with good charging infrastructure, though, no details yet on EV's resale value, also issues if you're in outlying suburbs with a long commute and no public charging infrastructure, the cheap EV's are Chinese, Australian are yet to be convinced that China can be trusted, then there's many of the cheap EV's from China do have issues with electronics. MG as eg can be like a light show when things go awry with electrics. Did I mention resale ? Country EV's are useless, no infrastructure over long distances. EV's are also being passed over for PHEV's due to range anxiety. Nobody are against EV's in Australia, it's just resale, range, uncertainty, longevity.

[@paulconnolly4483]

Australia is voting with its money. Who wants to plan their trip around charging an electric car ?

[@goldfools5445]

I think it’s the ev company own fault. Price cutting and always saying there is new battery technology on the horizon. Makes people unsure what is the right decision.

[@BittermanAndy]

If they didn't cut prices, you'd be saying EVs were too expensive.

[@goldfools5445]

@@BittermanAndy they shouldn’t introduce them at a high price then cut it later after some have already purchased. That’s a sour taste that doesn’t go unnoticed.

[@BittermanAndy]

​@@goldfools5445 that's how LITERALLY EVERY new technology works.

[@goldfools5445]

@@BittermanAndy absolutely true, but cars have a control. The technology is new but the concept is old. Look at this. Digital electronic watches have the most benefits and accuracy, it’s the old mechanical watches that hold the prestige and value. Maybe that’s a bit out there, but some things have tangible value to some. I love the thought of a plug in hybrid with an ice generator. Best of both worlds.

[@margarita8442]

people scared they will blow up

[@samijokinen9246]

If you can vote in the US, listen just one opinion from Europe. Vote for Democracy 💙. We have more dictators in Europe than we want or need. We need to take this one imperialistic type to Hague court asap and we would preciate some help also next year. We don't need another dictator!

[@alexishart1989]

Correct. To be clear, he means vote for Harris, not for the orange clown-monkey.

[@scottstormcarter9603]

Isn't the drop in sales largely because of the economy being weak?

[@rosebery101]

Why would I buy an electric car now and in 6 months time a newer better car will be released and then another one 6 months after that

[@TheWebHead]

I think it all revolves around the battery, and there's been tremendous progress with charging speed, range and battery life.. though there's also fear of the auto maker selling the EVs would go bankrupt and your vehicle becomes a brick.

[@trythis2821]

Pretty simple, if EV prices come down sales will go up. Take the BYD Dolphin for example, scratching their heads why not many sales. For what it is worth, still overpriced.

[@johnbrown4568]

EV's suck ---> Hybrids and plug-in hybrids rock. ---> FACT

[@FoamCrusher]

@@johnbrown4568 If you buy a hybrid you get BOTH the problems with an ICE and the issues of battery degradation of a hybrid if it is not treated correctly. No thanks. Buy one or the other. I have an EV because it perfectly fits MY use case. What frosts me is people telling me what to buy. They don’t know me, my needs in a vehicle or my wants. If you don’t want to buy an EV then DON’T. Buy what you want and live with the consequences.

[@yggdrasil9039]

@@FoamCrusher THere's room for BEVs, PHEVs and HEVs. The important thing is to get rid of ICE as soon as possible, especially toxic diesels. Hopefully the new PHEV Utes will do that.

[@gregtobin596]

Sales will spike when the Ev5, Ev3, id4 id5 skoda and Audi come out because some people don’t want a brand they have never heard of.

[@mixalis6168]

Hmmm, some EVs are terrible, good ones still cost a lot more

[@asajelfs8170]

Fuel is like horse feed

[@thearlongpark]

I think the main reason for the drop in sales is more because of the cost of living / high interest rates starting to bite into people's pockets rather than media FUD.