Volkswagen In TROUBLE As Electric Vehicle Sales Fall To Zero

[@yankeewog]

Criminally few views for a video that will age incredibly well.

[@FrunkensteinVonZipperneck]

Dave, this is the first video I've seen of yours. Superb synthesis - way better than 'analysis' - of dysruptive technology. I'm now a fan!

[@LeeJonesNPT]

I have bought Toyota ICE vehicles for many years but when i wanted to buy a EV there was only the BZ4X which i was told would be groundbreaking, I waited for the launch and was very disappointed to find was it was not a patch on a Tesla and my local dealership seemed uninterested in selling to me in any case. I cannot see most of the legacy vehicle manufacturers surviving the next few years, as much as the oil industry knock EV’s the buyers have spoken and chosen the future not the past.

[@MaverickAus]

[@FrunkensteinVonZipperneck]

Your comment suggests ICE dealers will vanish (no loss there).

[@rickschritt1616]

ICE will not vanish , most of the third world countries can't afford EV'S and don't and won't have the charging infrastructure to support EV'S , as well as some Western countries will walk back the EV experiment ⁉️

[@Madonsteamrailways]

I remember my Kodak Instamatic camera. It was my very first camera and it helped me to capture fine photographs. I’m now a digital photographer, mostly using my iPhone!!

[@Mora41]

Elon knew Vertical Integration was the way to go...

[@Jaw0lf]

What a fantastic explanation of the ostrich problem when you bury your head in the sand! Very good and well made points that those who spent the last 10 years playing with the technology have had a fantastic time and the new players just can't match. I do hope the legacy car brands make a quick recovery as we do need options for EV owners and they need to recognise we are not willing to pay the ridiculous high prices.

[@mikadavies660]

Well done Dave.... a long explanation that is worth listening to..... VW, Toyota, Mazda, Mitsubishi and Nissan are all on the edge. Learning fast that their ICE knowledge doesn't transfer to reliable cost effective BEVs.

[@aron68on_etoro95]

Nissan was in the game.

[@rogerstarkey5390]

@@aron68on_etoro95 Makes me wonder about the Carlos "Incident"

[@kremepye3613]

The south koreans are doing really well too

[@johndoyle4723]

Thanks, a well argued discussion. I was one of those that thought once VW get going they could seriously damage Tesla, but the ID range is disappointing,and the efficiency of the Audi ,BMW and Merc offerings are comparatively poor. Huge disruption incoming. The switch to BEVs has passed the tipping point.

[@FrunkensteinVonZipperneck]

Mercedes (S and E) seem excellent - at unaffordable prices!

[@chrisheath2637]

Think about this - could the saddlers, ostlers, stable-hands, groomers, wagon makers suddenly turn their hand to making pistons, exhaust pipes, and carburettors ? It's fairly unlikely.

[@davetakesiton]

A paradigm shift changes everything rather quickly, there’s much more to come

[@johnfrancis4401]

Their software is inferior. Their cars are fine but far too expensive.

[@garyhuntsr71698]

Such a pressing matter！ yet dumping has been such a conventional way of doing business ever since the Industrial Revolution！

[@FrunkensteinVonZipperneck]

9:15) VW's experience is not "worthless" which means it has no value. VW's experience has negative value, so it is worth waaay less than nothing. In education, we distinguish a competent teacher - who learned through 20 years experience - from an incompetent teacher with ONE year's experience - 20 times.

[@austinpowers1999]

VW and Quality are like Superman and Kryptonite.

[@stevenjones916]

I'm yet to hear of VW's steering wheels coming off in people's hands as they drive a la Model Y or brake pads not being fitted a la Model 3 😂😂😂

[@austinpowers1999]

@@stevenjones916 you just made that shit up. LMAO

[@ohyesitsme]

I've heard that if you have a Chinese car in the UK don't expect repairs any time soon. Parts supplies are months away.

[@FrunkensteinVonZipperneck]

Same is true for a Jaguar made in Austria…

[@davetakesiton]

I heard that Elvis is alive and well and living on the moon

[@Brian-om2hh]

@@davetakesiton Which explains why he left the building......

[@seanfallon4580]

well, is the man right ? does it take months to get spare parts

[@davebaker8362]

Replaced a grille on a Mg ev it took a couple of weeks to get but sometimes this can be the case for any car. The price £400.00 I think that was expensive but not as expensive pro rata as a windscreen washer pump from Ford transit diesel £108.00. What really shocked me was the quality of the part, not good.

[@johhny711]

A lot of people who have been driving EV's for years are going back to ICE cars, that's the reality, while at one end we have increased sales of Ev's, early adopters are returning to Ice cars in large numbers, just look at the value of second hand EV's versus second-hand ICE cars. If Tesla wins out and they might still, we will have a disaster on our hands, no local dealership and service departments replaced by online sales and online service appointments at sparsely distributed service centres and silly Ranger service, websites with no phone numbers and offshored helplines in Chennai India ,as Musk becomes the first Trillionaire all cheered on by his fanbase.

[@davetakesiton]

wow, that's really heartfelt. I just ask if you are truly happy about the exhaust fumes of your car are killing you, and your family and al around you? Or is your convenience worth killing all those people?

[@johhny711]

@@davetakesiton It's not heartfelt it's just an honest opinion and you don't recognise honesty when you see it! I think you are spot on, clean air is all that's left that we can be sure is a benefit from EVs, well at least locally away from any remaining coal-powered plants. Clean air won't be much good for the next generation when the planet is uninhabitable if we are to believe the science. As one of the early adopters of Ev's, we drove Ev's to help with Climate change, unfortunately, that turned out not to be as beneficial as we first thought, even if the cars are made in Europe when the cars are imported from China like some of the Teslas into the UK, well that just downright silly! Most EV's drivers I meet are not concerned about global warming at all, they love the tech, the performance etc and the convenience of buying the car online ( In Tesals case), until when they go to trade it in and find out that Tesla's trade-in valuation is so bad they endeavour to sell the car themselves,,,, it's the future don't you know😎 and soon it looks like Ev's will be banned on Car ferries and underground car parks, now that bit is heartfelt 👌

[@beatreuteler]

Dear Johnny. What I read from used car price levels on EV's is the following: Drivers of EV's are sticking to their cars longer than ICE car drivers seem to, and would be owners of a used car if it should be an EV are far more than EV drivers who drop their car to the used car market. This is the only explanation so far I have found to value losses on used EV's are far less than with used ICE cars. Or simply: Used EV cars are far more expensive.

[@johhny711]

@@beatreuteler Naa, the real reason is that people are concerned about battery degradation, I think now also with a question about Car ferries taking EVs on board will also affect secondhand prices. There is just a lot of uncertainty around them, will be interesting to see if Governments around the world continue to support Ev's with subsidies as the Carbon footprint of these cars keep increasing the more we learn. Because remember in the olden days it was all about Carbon footprint and climate change !!

[@ouethojlkjn]

Teslas are not serviced. There is no service schedule. Why have stealerships? In 40+ years of company cars they have all been dismal rubbish.

[@N0rdman]

Very illustrative explanation of what is going to happen in the automotive business, some of us has already understood and seen the writing on the wall, EVs aren't just a car with an electric motor shoved in where there used to be an ICE engine. This is going to be an exceptional Kodak moment, because you're absolutely right, the big OEMs are going under, sooner rather than later.

[@MrAdmin00]

The Philips phenomenon will happen to the Germany car industries. Philips used to be a great company in home appliance. After decades of thrive, they got use to the good old day and lacked of innovation. Now the Philips home appliance is owned by Chinese company with pathetic market share.

[@peterjones6640]

Yes but one part of Philips ( ASML) has prospered ( now a separate company). It is one of the most important companies in the world, which few people have ever heard of. It makes the machines that make computer chips, it is a world leader, all the chip fabricators in the world are reliant on ASML. The lesson is concentrate on what you do well an execute flawlessly. Volkswagen brilliant at ICE cars, but they forgot the lesson with EVs . Volkswagen will persuade the EU to put high tariffs on Chinese cars , but eventually Volkswagen will go the way of British Leyland.

[@BikeNutt1970]

Well done Dave. Your best vid yet. I had heard the news elsewhere but always with a particular brand bias, one way or other.

[@davidfarrell1062]

Europe or US will but bigger tariffs when the threat grows to protect jobs. Happened when Japanese cars came to.

[@philiptaylor7902]

Hi Dave, do I detect some click bait in that title? Great video though, I hadn’t come across the idea that it’s the very JIT supply chains pioneered by the likes Toyota that could be preventing legacy manufacturers from making EV’s profitably. I fear you are right though and the future of brands we know today is to be bought by Chinese EV manufacturers to badge Chinese manufactured vehicles, like MG and Volvo.

[@davetakesiton]

Click bait? Not me, Philip, I just make the videos, my son, Jonas does all the rest, I'll pass on your comments, but yes you are right, most people do not even know that MG and Volvo are Chinese and have been for more than a decade, while Jaguar are Indian, except when the press whips them up into a frenzy

[@philiptaylor7902]

@@davetakesiton Well the “fall to zero” hooked me in and I had to watch to put the quote in the context of sales in China and similar markets. By the way I really love your dashcam footage of driving around the North West. As a native of the Fylde it brings back memories. More please. Maybe you can do requests, like the Harris End Fell road, or Beacon Fell or Sunderland Point.

[@benedictchin5261]

A great analysis on a monumental change on a global scale. I have only recently come across your channel and I hope you will continue to make videos such as this.

[@davetakesiton]

Welcome aboard!

[@FrunkensteinVonZipperneck]

China looking to sell EVs overseas? Canada is an open market - no tariffs. EVery Canadian is interested in a low-priced, high quality EV. And Canadians will pay a premium over the price in China...

[@rogerstarkey5390]

Dave. Small correct regarding Kodak. They *invented* the Charge Coupled Device (CCD) which became the heart of every Camera, Photocopier (my trade) and Scanning device, but simply didn't press home the advantage.

[@davetakesiton]

Bet someone didn’t get a promotion

[@rogerstarkey5390]

@@davetakesiton 😂😂👍 The problem is, the person in position to grant the promotion (to the inventors) was the one with the same attitude that Auto Executives had toward Master Plan 1 (2006)

[@FrunkensteinVonZipperneck]

No. CCD inventors worked at Bell Labs in 1960s. W. Boyle from Nova Scotia earned the Physics Nobel Prize in 2009.

[@rogerhudson9732]

The VW E-up! is their best car, but small cars make small profits. We don't need big heavy cars.

[@DavidJohnston58]

Everything you say is so true, bloody worrying though. Wont be long until China can do pretty much anything they want to any country they want without fear of reprisal or any counter actions. Countries will be so totally dependent on China for transport, communications, electronics and everything else they will be unable to respond to any threat. There's handy🤦

[@davetakesiton]

Even USA? seems to me they're going in the opposite direction

[@thewelshdragon.5979]

So arrogant and paranoid.

[@I_Was_Chrispy_Kreme]

Another interesting take Dave. On the badge engineering thing we already see this with VAG where common parts are stamped with seperate Audi, VW, Seat and Skoda part numbers. So what would be in it for the chinese to rebadge their cars as BMW, well I assume 1) they would get paid straight away by BMW and not have to wait for the car to sell before getting the money 2) one can imagine that BMW may ask for specific changes to be made which again would increase the margin for the chinese company.

[@ouethojlkjn]

I believe the ix series of BMWs are made in China already and on an adapted ice platform

[@SusannaSaunders]

Thanks for your video Dave. Nicely done analysis of the BEV market. It's a Shot Storm for sure. I'm expecting some market blowback but we'll see how bad that becomes as infrastructure wars begin. I didn't know you are a Tog too! I have fallen out of love with photography sadly over recent years after being into it in a big way. The international salon 'market' has become just too polarised and monochromatic in the way it evaluates images to be worth persuing further. I was most of the way towards getting my Excellence accreditation with FIAP when I stopped. So cFIAP and cPAGB are as far as I went. Sadly, the club scene isn't a lot better. Run by people that are on their own little power trips rather than for the betterment of the people in the club. It's hard not to become disillusioned with committee's and such. I hope you are still enjoying your tog though! All the Best.

[@dave4803]

Because VW insist on building the cars they want rather than what the customer wants. The market wants a cheap barebones EV with traditional controls that is like their current car. Nobody wants push button everything and those pointless electronic handbrakes just remove from the driving while adding unnecessary weight and cost. Plus they always add too many doors, I don't want five doors on a small hatch back. China listens and they offer this to their people, they sell cheap and basic EV's.

[@FrunkensteinVonZipperneck]

Toyota has the same arrogance. Nokia Toyoda said, "I am not convinced that consumers want electric vehicles." The twit thought it was more important to convince HIM, than ask customers what THEY want. That nepo baby is gone, but he may have destroyed Japan's economy.

[@dave4803]

@@FrunkensteinVonZipperneck I agree. Until manufacturers listen to customers instead of forcing what they want on people means EV's will never sell until every internal combustion engine car has died first. The fact people spend a lot of money converting an old car to electric proves there is a market for EV's, but these laptop's on wheels that are modern EV's aren't what people want, they want something more car like. Customers have been begging VW to relaunch the classic beetle but as an EV, the same loved shape, the same barebones car, no fancy driving aids, just basic controls and driving in it's purest form. But they've refused to do that, how many classic beetles and campers have been converted, must be 1000's by now world wide?

[@rogerstarkey5390]

@@dave4803 you REALLY don't understand the technology, do you?

[@dave4803]

@@rogerstarkey5390 I understand people don't like driving laptop's on wheels around and these cars could be built a lot cheaper if they junked the stuff people don't want. I know an EV will always cost more than an ICE car due to the batteries but justifying the price by throwing toys at the car isn't the answer. As I said before those hateful electronic handbrakes ruin the car and add weight. They aren't as nice to use, they aren't as reliable and from a safety point they won't stop the car if the brakes fail. Also I've seen these electronic handbrakes fail. Pushing buttons and twisting knobs to select between forward and backwards is a very disconnected way to drive and leaves people feeling numb. A normal gear lever even if you only have D N R is a better way to drive. People don't want this, they don't want touch screens to change the temp, you have to take your gloves off to use them. People want basic with things like sat nav, air con and parking aids they can add on. They also don't like the fact they can't get an EV with less than five doors, on a small hatch you want 3 doors. I know they can do this as China manages, they asked people what they wanted from an EV and they answered. The wuling mini ev is the car people asked for, it sells in greater numbers in China alone than Tesla do in the whole world.

[@ohyesitsme]

@@dave4803 They started on the right path with the VW E-UP but ditched that for the present ID models.

[@Cotictimmy]

Interesting, but I don’t want an EV - and the very LAST thing I want is a Chinese EV.

[@londondave800]

Seriously, who gives a F what you want?? 😆

[@watchtheskies]

VW EV's are simply too expensive for what you get, especially since Tesla reduced their prices, a new VW ID3 is in the same ballpark price wise as the entry level Tesla model 3, they are having the same teething problems that Tesla overcame 10 years ago, add to that VW's awful software and it's just not an attractive prospect

[@ajs-qv5fe]

Comfort zone syndrome - the problem with legacy carmakers - just like the western economies in general ...

[@ouethojlkjn]

VW ID.4 UK Price (Nearest Tesla Model Y equivalent) a whopping £49,250. Tesla Model Y £44,990. What is particularly irritating is VW charge extra for "heat pumps" and "13 amp cables". OK there are differences but it is too much money for not enough car VW - no wonder they aren't selling "because customers don't want them" (They really said that!)

[@davetakesiton]

happens when you sell for what you need to break even, rather than what the customer is prepared to pay

[@djmorris103]

Very interesting thanks.

[@FrunkensteinVonZipperneck]

One addition: Canada facilitated China’s EV transition. Quebec agencies permitted Chinese battery companies to develop lithium ion cells without paying patent royalties.

[@donuthole7236]

There is so much overlooked in this video it's not even worth watching.

[@Brian-om2hh]

In which case you'd overlook it *all*

[@JohnTovar-ks8dp]

When Volkswagen fired Diess, they lost valuable, maybe critical time they are not going to get back. And since his replacement had to put his stamp on the company by doing things differently, they lost even more momentum.

[@rose415]

seems like USA car manufacturers are destroying themselves with very expensive unreliable trucks and have done away with affordable quality cars. EVs are very important for certain markets as air quality is a major issue leading to hire health costs in the future. I've owner VWs and I loved them, but their designs have become uninspiring and plain.Their own designs have hurt them IMO

[@EntropicRemnants]

Hi, Dave. Is it true that a lot of VW's sales failure is a result of their rubbish software? Do you know if the software in question is an internal development? That's what I heard. It would seem that the "vertical integration" method of bringing things in-house has here backfired due to the lack of experience, or perhaps poor management of the development effort. Great video, new subscriber.

[@FrunkensteinVonZipperneck]

VW has 4 different software suppliers including Blackberry- who the old mobile company.

[@趙新奇]

Elon did warn them during the Shanghai Giga factory set up, most people didn’t recognised the risk, they can bet on hydrogen technology and hope it turns out favourable, EVs will be a loosing battle

[@beatreuteler]

The ones who turn to Hydrogen because they can't compete on EV's have lost even before they started as H2 cars are a dead horse since a long time.

[@stevenjones916]

How many of the Chinese manufacturers are making a profit ?

[@beatreuteler]

Do they need profit? At some point in time, sure, but maybe not now. For how many years Tesla didn't have anything in the books but losses?

[@carlgrainger2053]

Don't big up the Chinese BEV market too much. The batteries only give out 75% of their stated range and battery safety is a huge problem.

[@davetakesiton]

But the whole world is seeking to buy batteries from the worlds largest battery manufacturer, strange. And LFP batteries don’t catch fire, get up to date

[@RichieRouge206]

Excellent video indeed. The irony of all this is that all the established companies will fall flat on their faces while Tesla and the Chinese companies will carry on. All part of a plan? I think so. EVs are definitely NOT the answer regardless. And hearing all the endless reports of shoddy quality from the Chinese brands and Tesla… it’s all a route on a road to nowhere.

[@beatreuteler]

The "part of a plan" statement is the not so nice try to find an excuse for failing when the failure was indeed homegrown.

[@ryanspooner092]

I love VW Golfs, I want an EV Golf, but I just can't find them anywhere. Not a fan of the ID range. That said, I do really like the MG EV4 Trophy too, and the price is unbeatable 😁

[@marks-0-0]

I said before vw should have developed the electric Golf as a stand-alone model and if it was priced fairly it would have sold millions

[@Brian-om2hh]

@@marks-0-0 VW dropped exactly the same monumental clanger Toyota did, with their Prius. Toyota ought to have developed/evolved it into a full-blown top drawer EV, but didn't. Instead, they sat on their hands and watched Nissan bring the Leaf to the market, and sell them in their hundreds of thousands. VW ought to have built on the success of the eGolf, and honed it into a ground up EV. It could - and would - have been a massive seller. But for reasons best known to themselves, they decided on a total change of design direction, and went off a tangent with the ID range. It hasn't gone down too well......

[@robzienert7492]

Great job, Dave! It took me quite a while to realize what is happening in the auto biz, having grown up in the Detroit area and having worked for GM, Ford and suppliers for most of my career. Now, I understand and fortunately jumped into $TSLA stock during the recent decline to a bit over $100. Better late than never! And, fortunately, I realized many years ago (~2011) that Ford was doomed and moved my assets away from $F. Tesla is going to crush the legacy automakers (along with the Chinese) and is also well on the way toward developing a very attractive energy business as well. A nice investment, in my non-professional opinion.

[@howardyarnold3133]

Wow...fantastic insight into this EV pipe dream..

[@rogerstarkey5390]

Pipe Dream . noun an unattainable or fanciful hope or scheme. . I think the phrase "All evidence to the contrary" answers your comment. . In fact the only "Pipe dream" now seems to be that at least one, possibly all of the Top 6 Western Producers won't go bankrupt without major assistance within 5 years. . (Then there's the Asian companies....... Outside China)

[@beatreuteler]

Maybe you want to watch the entire video once more. If so, this time what I suggest: watch it. Don't play cards on the side. Otherwise you even won't get the point in the 2nd turn.

[@haithamajlouni3200]

It's not a matter of an outdated technology, it's rather a matter of "what's the trend today?" Whose answer is Tesla and BYD. It'd take some time until enthusiasm about these two fade away so that true competitiveness stabilize

[@nigelhudson1948]

Dave, you are missing one important point. The VW ID, Ford, Nissan, Stellantis, BMW, Toyota etc platforms are all 400V. This means that they charge really slowly and therefore are OK as shopping and short-distance commuting cars but are not competitive with ICE cars over long distances. Only Tesla have made the 400V architecture work by creating the supercharger network and perfecting pre-heating. The Chinese cars have created a new price point for shopping cars but the legacy manufacturers are still trying to sell their cars at premium prices. The legacy manufacturers have thus been hung out to dry and VW is the first casualty. Ford have been made to look particularly dumb by selecting the ID platform for their Explorer. The bottom line is that legacy manufacturers cannot charge more than £40K for a 400V car and make any significant sales. I suspect that this blows their current business model completely out of the market - there is no point in marketing a shopping car with premium car features.

[@davetakesiton]

800V is faster on paper but good luck finding one and good luck getting the "rated" speed. Did you know that on a 400V charger like a Tesla V3 250kW a Porsche Taycan only accepts 150kW? Or that a Hyundai Ioniq 6 on a 350kW charger adds about 230 miles in 20 minutes? I'm more than happy with Tesla Model S 400V adding 200 miles in 15 minutes. Not a problem to me

[@nigelhudson1948]

@@davetakesiton Hence my comment about only Tesla making 400V work. On a Gridserve 350kW charger my Ioniq 5 will charge from 22% to 80% in 16 minutes. It isn't about the maximum charge rate, it's whether a high rate can be sustained. At 75% my Ioniq is still charging at 125kW. That's the point where 400V drivers are starting to lose the will to live!

[@georgethompson453]

VW are realising EV cars sales aren’t taking off. Joe Public isn’t impressed with the cost, inconvenience regarding charging, increasing charging costs, range anxiety and now battery safety.

[@Brian-om2hh]

Not quite George. VW have noticed that *VW* electric car sales aren't taking off. Most other EV brands aren't having anything like the problems VW are in shifting them...... "Increasing" charging costs? My home off-peak charge tariff recently *reduced* in price. "Inconvenience" regarding charging? I charge my EV at home on my drive, and haven't *had* to drive to a petrol station for 3 years. And battery "safety"? Thatcham, the UK based Road Safety organisation, carried out a Worldwide study on car fires. They discovered there were 1529.9 fires per 100'000 ICE cars, and 25.4 fires per 100'000 electric cars. Your petrol car is statistically around 60 times *more* likely to catch fire. And Thatcham aren't some back street outfit. They are the organisation who awarded your car it's Euro NCAP safety rating after crash testing it..... Thatcham have crash tested a number of EV's, and have yet to see or experience any examples of battery pack loss of integrity......

[@devonbikefilms]

Running an ev is far from an inconvenience. I've had mine for two years now and it's been excellent. Charging at home is a massive convenience and my solar array means it's very cheap. Time to accept the inevitable, that EVs are better.

[@ambydaly5713]

Unfortunately the two recent ship fires carrying EV cars plus numerous Chinese car fires in China do not paint a good future for these vehicles. Manufacturers will need to reassure future buyers that their vehicles are completely safe. I haven’t seen any crash tests for EVs? It’s my understanding that after a crash it is very likely these vehicles will be written off because if the battery leaks could result in a fire. Tyres wear out far quicker than ICE vehicles. Insurance will sky rocket because of fire risk?

[@Brian-om2hh]

There is no liquid component in an EV battery. So how can it leak? And EV tyres don't wear out "far" quicker than ICE vehicles. That's an uninformed myth put about by people who have never actually owned an EV. The tyres on my Kia e Niro didn't need changing for 28k miles..... The battery packs in most EV's are made up of multiple individual cells - often more than 100 of them. They are not one large battery. After a crash, any damaged cells could be removed and replaced with good cells. Again, your "understanding" has probably been arrived at by listening to someone who doesn't own an EV, and has distorted and uninformed views about things they have zero actual experience of.

[@devonbikefilms]

Turned out that ship fire was nothing to do with the EVs on board. Another hyped load of nonsense. EVs are better as I've found over the last two years of ownership.

[@alankemp1970]

VW Group are not doing so well in the electric vehicle sales sector at the moment mainly due to poor pricing strategy and reluctance to reduce prices. That’s not the whole story of the 7th largest manufacturing group in the world though especially at the moment when electric vehicle sales are just 2% (ish) world wide. Also VW group partnered with Chinese giant SAIC (the 6th largest manufacturer) in 1986 for parts and tech manufacturing. They can afford to wait the electric vehicle take up out with loses in such a small sector of the market for now as they are still making huge profits in other areas. I’ve been driving and riding electric for over 10 years now and building battery packs and my own electric drive vehicles, I agree that VW are not getting as far ahead as they were hoping with electric vehicles at the moment but studding their financial position overall they are doing extremely well. Oh, and I drive an electric MG 4 made in China designed in the UK so I’m definitely not a VW fanboy 😂

[@harryadam1671]

Interesting to see how this pans out. Your analysis may be right - although not right in the case of Kodak. Kodak made its money by dominating the chemicals and materials used in photography - consumables. They invented digital photography and indeed all digital cameras have a Kodak invented (Bayer pattern) of r,g &b filters over the pixels. Processes for film (neg. film, not slide as in Kodachrome and Ektachrome dominated) and paper were determined by Kodak and the others had to follow. The main competitor was Fuji - not Agfa and even less Ilford. There are no chemical consumable profits in digital photography, and it depends on sensors (Kodak being one of the first to fabricate and did so for Olympus), memory and integrated circuit technology. These were not the basis of a chemical company - which is what Kodak was. Their mistake was trying digital because they thought photography was all the brand could ever stand for.

[@timtessman3107]

Excellent content. VW having a "Chinese Partner" making vehicle is a short-term lifeline. Were there any true technological breakthroughs, the Chinese would steal the practices. VW moved too slowly and they still are..

[@davetakesiton]

doomed

[@AntonyBall-hm4jo]

EV's are proving hard to sell to joe public ( not lease/company car owners) - Musk saw the drop off at the end of last year, hence the 10k reduction in January. Currently there does not appear to be a market for owning second hand EV's. The biggest problem at the moment is infrastructure support is lagging in Europe, especially in the UK + remote charging points are costly (same as petrol/diesel) and will increase as ICE's decrease. There is another safety issue regarding fire - 3 ships now lost due to transporting EV's - do we wait for a channel tunnel disaster before admitting there is a real safety concern? Or just ignore the potential issue like Grenfell Tower? In the UK, I think it's time our politicians (cross party) had a grown up conversation on a sensible way forward. Just my take on the current situation - 2030 ( for the end of ICE's) will have to change/ slip and hybrids (2035) also. Our UK government signed up to the WEF directive without consulting the electorate - there should have been a referendum on this monumental decision - I am convinced the outcome would have been quite different than the political classes would have liked, hence no referendum!

[@davetakesiton]

Yet an EV is the best selling car in UK and Europe and China and Australia and … need I go on, you really need to check your sources

[@hishamg]

We bought a second hand EV last week, lovely car and reasonably priced at £15,000.

[@davetakesiton]

Thanks for watching an EV channel

[@sophieedel6324]

You forgot to mention many crucial things. China taxes EV imports at 25 percent. Europe only taxes Chinese EV at 10 percent. The reason this was allowed to go on in the EU but not the US (Trump) is because Germany having factories in China. But now France and Italy want a level playing field. You have likely recently heard about the EU invetigation into China dumping EV onto the European market.

[@stevenjones916]

The VW Group's BEV sales are *UP* 48% to 322,000 In H1 2023 compared to H1 2022.

[@beatreuteler]

In Switzerland they are up 85% in H1 23 over H1 22. The problem is not their EV sales drop. The problem is theire EV sales growth are a bit below expectations and cannot backfill the losses on the ICE stream. And even if growth was to expectation, it still couldn't cover the losses on ICE.

[@stevenjones916]

​@@beatreuteler The VW Group sold 4.4 million cars in H1 2023 which is *UP* 13% compared to H1 2022.

[@ouethojlkjn]

@@stevenjones916I can sell millions of cars - at a loss…

[@beatreuteler]

@@stevenjones916 That is fun to learn, but don't forget: 2022 is a bad year for comparison as it marked a 4 year low based on late Corona effects and electronics HW shortages etc. which VW of course don't want to repeat. Also I imagine that overdrawn negative press is rather based on 2022 low figures and the difference between forecast and actual numbers. F&I says VW forecasts over 9 Mio cars this year (1 Mio of which is planned to be EV's) which would mean they are 0.4 Mio short of the linear goal line by end June. I do think managers need to react on such differences to keep credibility vis à vis shareholders. And press is going crazy about the smallest of such reaction of managers in their public communication.

[@davetakesiton]

make sure you don't confuse the likes of VW selling their cars to their dealers, with their dealers selling their cars to end users, the customers. Check dealership inventories, record highs. Tesla dealership inventory, nil of course, every sale is to an end user.

[@voonpiaosiang2262]

Hi Dave, I watch every single one of your videos, and I enjoyed each and every one of them, especially your insights into everything EV. However, your recent videos about China and VW are somewhat skewed, although I agreed with the conclusion you are trying to convey at the end. I understand you are British and you consume news from western media. But western medias are somewhat bias and sometimes unfair towards China. Take your comment about China’s economy is on a downward spiral for example, I am not sure if you are aware China’s Q2 GDP growth is 6.3%, and the World Bank projects China to attain 5.6% growth in the whole of 2023. This is miles ahead of any western economies, and a stark contrast to UK’s 0.4% projected growth for 2023 (IMF estimates). Also, on the matter of the Chinese property market bursting, if you research into this issue, it is the Chinese government who burst the bubble by poking a needle on purpose. The property developers are seen as growing too fast too big and carry too much debt. So the Chinese government set 3 red lines when it comes to borrowing. However, these red lines are so strict that most property developers already crossed them even before they were set. Subsequently, the banks had no choice but to stop the lending, and the property developers had no way of rolling over their debt obligations and started to default. The western media saw the aftermath and called it as the bubble has burst, but what they never mentioned this is actually a ‘controlled’ explosion. The Chinese government may at any time, at their discretion, relax the conditions for the banks to resume lending, and the property market will start to move in the opposite direction. What the Chinese government is trying to do here is to bring down the property prices in a controlled manner, as they often stress homes are the for people to live in, not for speculative investment. This is inline with Xi’s ideal of common prosperity So whilst I agree with your comment that the property market is sort of bursting, but one should always remember this is something the Chinese government can put the brakes on at anytime, so it will not get to the point where people feel poor and stop purchasing EV or cars in general. Keep up the good work! Thanks. Voon

[@rogerstarkey5390]

Voon Interesting perspective. Thanks.

[@robertarmstrong3478]

So the Model S at a 'ridiculous price' was able to leave the Lambos etc at the lights and also be a 5 seat family car. Ridiculous price? Tesla models before Model 3 were not failures, they were steps on the published Tesla 'Master Plan', build very expensive roadster, use money and credibility from that to fund the build of pretty expensive Model S, use money and credibility to build very expensive SUV, use money and credibility to fund the mass produced, fairly expensive Model 3 and so on to the affordable (ish) Model whatever that will be built in Mexico. It was just part of the bootstrap process.

[@beatreuteler]

Well said. Just rollup the market from the opposite end than Renault and Nissan tried in the past.

[@riderknight5805]

To expensive and adverage performance compared to cheaper brands.

[@rogerstarkey5390]

What is?

[@ginog5037]

Excellent video, legacy automakers too big to fail, lmao😅

[@ambydaly5713]

Remember that the Chinese are masters of reverse engineering. Any industrial company that went to China for cheap labour has found at their cost and too late that the Chinese have copied their designs with impunity. Thus saving themselves enormous development costs and so undercut most competitors. I remember a setter who worked for a London based toy manufacturer telling me about a Chinese company representative calling at the factory. He enquired about time scales for tool repairs and proceeded to offer 50% reductions both times and price. After successfully achieving this , proceeded to offer a similar deal for new products. Both company and employees have gone and only a warehouse now exists to sell Chinese manufactured products. So China was making inroads into our industrial manufacturing before going to China for to manufacture our products.

[@stevenjones916]

VW Group made an operating profit of 11.3 *BILLION* Euros in H1 2023.

[@davetakesiton]

against a debt of???

[@stevenjones916]

​@@davetakesitonAs long as they service the debt, so what ?

[@ouethojlkjn]

@@stevenjones916bankruptcy happens gradually the suddenly

[@FernandoCostaPereira-bf8qj]

EV´s are burning like hell all over, so, the information you´re giving now is already "burned" !

[@davetakesiton]

love your logic but what is the best selling car in the whole world ever this month and this year?

[@scottcompany4040]

As usual with negative EV stories this one picks on specific info that suits the argument. The quote that "VW EV sales fall to zero" is not complete. It actually says that sales of some specific models fell to zero. In fact VW produced 97,000 battery-electric vehicles between January and May of this year and sold 73,000 of them. Face the facts - despite the massive negative campaign by the oil and gas companies - EVs will take over.

[@niazkarim4916]

This in not an anti-EV video. Don't just read the title.

[@dave4803]

Not until they build the EV's people want rather than what they want to build.

[@rogerstarkey5390]

@@dave4803 Watch and learn.

[@dave4803]

@@rogerstarkey5390 I'm still waiting.

[@stevenjones916]

​@@niazkarim4916Not anti EV just anti VW. 😂😂😂

[@derektaylor6713]

I'm sick to death of buying stuff with 'Made in China' stamped on it. So the last thing I'd buy is an electric milk float with 'Guess what? - Made in China' stamped on it. I wouldn't have one given me.

[@Brian-om2hh]

Well nobody will give you one, so that's a pretty safe statement to make.....

[@ts6070]

Don’t worry sell your ICE cars in the UK 🇬🇧

[@Brinslade]

China's own brand EVs available in the UK are still expensive, and have no history to give buyers confidence in these brands. The tagline 'Chinese EVs are coming bit like the tagline 'Nuclear Fusion is coming'. However, there is another issue the is not talked about, which is the Chinese economy is tanking with house prices and EV sales falling. Even iPhone product is leaving China. This downturn in their domestic market is hitting their car makers, as well as legacy makers. The recent comments on this recession in China is that it could be a decade before the economy recovers! If any company is expecting to aim at a growing market, then India, Vietnam, Thailand and Malaysia are the countries most likely to grow.

[@davetakesiton]

China bought MG in 2005!!!! How much history do you want? China bought Volvo in 2010!!!! BYD started in 2003. And all out factories are shutting down. I think you are way way out of date

[@jasonmugridge]

Yes let’s look at VW’s history, let’s talk about dieselgate and the total fiasco of the ID3.

[@jasonmugridge]

I’ve just come back from China, the ID3 is about £12,000, and still not selling, the Tesla Model 3 is about £23,000. And they’re battling deflation which will just make things more interesting.

[@cosmodoc]

chinese manufacturers are selling EV’s in Europe at European prices currently. Until most consumers discover them and start buying them, that is. Then, they are going to drop the prices. And bang, the European car industry will be dead!Sorry to say this, because I’m German, but it will be the reality!

[@Brinslade]

@@davetakesiton I was referring to Xpeng, Nio and other Chinese created brands, that are struggling to even turn a profit. These brands are facing massive debt and falling local sales due to china's economy. My friend working at BYD has been on a 4 day week.

[@geobolt8788]

Looks unfortunately like an commercial for BWD.

[@martinostlund1879]

Subbed at 1840.

[@decimal1815]

We're going to see more protectionism in the EU, and maybe UK over the next few years. This will be too safeguard jobs and avoid the situation we got into with Russia: over reliance upon a autocratic regime for supply of essential goods and components. It makes sense, but it will mean supply shortages and higher prices in the short term. The public may not accept that as a price to support democracy however. The world will look very different in 2030 compared to 2023. There's a chance that the West will look a lot less democratic by then.

[@AlexLancashirePersonalView]

"Compete with China" not complete.

[@davetakesiton]

Good eye. Corrected.

[@garypollio4960]

It's not the EV, it's that VW has outdated styling that nobody really wants.

[@rogerstarkey5390]

It's nothing to do with "styling"

[@stefan2796]

Volkswagen/VAG group ist kaput! There a lots and lots of software problems, everyone knows and avoids the second hand EV's from VAG group! Plus: hardly any repeat/returning customers for new EVs, this says enough!

[@Brian-om2hh]

"everyone knows and avoids the secondhand EV's from VAG group" Do you have proof/verification of that claim?

[@stefan2796]

@@Brian-om2hh Stock positions of second hand EV's, they can be found online. Per car one can check how long a car is for sale at a specific workshop.

[@flamingstag2381]

can the Japanese economy survive without Toyota ?

[@Brian-om2hh]

Did the Japanese economy survive prior to Toyota?

[@howardyarnold3133]

Dont forget overseas shipping of EVs in light of the last fire on a ship from Netherlands few weeks ago.

[@rogerstarkey5390]

You *KNOW* an EV caused the fire? (You don't) . There was also a ferry fire caused by a car in Newark 2 weeks ago. No EV involved. 2 Firefighters dead.

[@davetakesiton]

Around half a million cars transported by ship, one fire that we don’t know was caused by an ev not even worth mentioning

[@Brian-om2hh]

Around 160'000 ICE cars catch fire in the US each year. Are these anywhere on your radar, by any chance Howard?

[@tobberfutooagain2628]

Nobody vill zign ze paperz……! Hooooogan!

[@celsobarros2229]

There are two ways to learn, the hard way or the easy way, but I guess they are doing it the hard way, hahaha, hahaha, hahaha!!!

[@jacksyful]

toyota is worlds largest car manufacturer, for 3 years running!! not vw

[@davetakesiton]

Depends if you measure turnover or profit or number of cars sold or gross stock valuation or indebtedness

[@gkhan8765]

I will NEVER buy a Chinese EV. European or Korean or Japanese I would buy in that order. Can’t stand that stupid ‘laptop’ at the front of Teslas either (or it’s freak owner).

[@rogerstarkey5390]

You'll be walking

[@gkhan8765]

@@rogerstarkey5390 I’d rather crawl on my hands and knees than buy Chinese 😅.

[@rogerstarkey5390]

@@gkhan8765 That's EXACTLY the same phraseology used by those who said they would never buy Japanese cars / Bikes in the 1960's. We know how that ended...

[@ohyesitsme]

@@rogerstarkey5390 I don't think the Japanese have the same human rights issues as do the Chinese.

[@Brian-om2hh]

@@ohyesitsme Try WW2........Burma railway......

[@lesklower7281]

VW well they have only produced only a couple of decent cars tge flat four models and the Taro which was a rebadged Toyota Hilux the rest are crap but In Australia diesel gate didn't matter in Australia Toyota is the best biggest vehicle manufacturer in the world in Australia the biggest selling vehicle is the Toyota Hilux l have one although it is a 1997 one but l look around and there are plenty of Toyotas around because in Australia we like reliable cars that we can keep for 10 20 and 30 years the are a couple if 30 year old Toyotas driving around mine is only 26 years old but it still runs well no rust issues seen old Toyotas sell with 980000kms on them because they are so reliable and the average time a person keeps there car us ten years and of course they will buy a Toyota because it will last more than ten years as for VW there are a couple around but not as many as Toyotas as for Chinese petrol and EVs tgere build quality isn't the best and they are starting to rust both petrol and EVs not great quality and that is in Australia in N.S.W we have yearly regestration inspections and when these Chinese built vehicles EV and petrol when they are 5 years old they have to have yearly regestration inspections if they last that long and they will fail because of rust my Toyota has never failed because of rust issues and it is 26 years old built to last and last Toyota build there cars so well and the most reliable car in Australia us the Lexus just goes to show you get the rock solid reputation you will sell cars l do sound like a fan boy but its the truth my brother drives around in a 1976 Toyotas Corolla its his daily driver l know of a couple of relatives who have Toyotas this why Toyotas will keep on building very good reliable cars

[@niptodstan]

Ev's will fail. Toyota has cut back production and is looking at amonia based engines.

[@davetakesiton]

Yes, if I had a list of what Toyota is going to do and what it's looking at, I'd have no time to read it all. Tell me exactly what Toyota has actually done, please

[@trumpetscall8910]

Chines have better quality, yeah right😄

[@jtkrpm1]

Ban EV'S

[@davetakesiton]

Governments all seem to be doing the opposite, wonder who’s right

[@jtkrpm1]

@@davetakesiton governments do not truly care about their people. They care about themselves and their wallets.

[@chrissmith2114]

Winters can be cold in China so they get an EV to warm their house, but it only warms it once and then you do not have a house any more... There are massive fields in China full of EV that have been there for up to 2 years rotting away and the batteries will be useless. As the Chinese well know it is easier to catch up by copying others than to go in front.... you can learn from the mistakes of others. The EV industry in China has sucked up massive government money and much of it wasted.

[@felawes]

VW is bust.

[@gavinderbyshire5535]

VW along with most European OEM's are engine manufacturers and sub-contract out all the there components and most importantly software. The threat from China is huge as the Chinese have secured their raw materials and software. Whilst we and the US started wars for Oil in the Middle East, China was building roads and ports in Africa to extract the future materials. Basically the Chinese have been playing 4d chess and the west have been playing tiddlywinks... EV's are better cars for the majority of car users and this will show in the downfall of VW, Toyota, Honda, Mazda, Ford, GM... The big question is who's going to fall first?

[@user-oz4mx1di7t]

Im not keen on a ev burning my house down like the ship at the moment that the media won't report on

[@FoxInClogs]

German EVs of course. The media jumped to the conclusion that an EV was to blame, without any evidence, even though 90% of the cargo was ICE.

[@jasonmugridge]

How do you know it was caused by an EV, it will be months before we get an investigation and find out what actually happened. Not aware of many EVs burning houses down, though believe the Chevy Bolt came close, but hey let’s talk about Vauxhall Zafira’s.

[@rogerstarkey5390]

One of many examples.... Reuters, 2022. "WASHINGTON, March 9 (Reuters) - BMW will recall *1.03 million vehicles* worldwide over potential fire risks, the German automaker said on Wednesday, *its third recall over the issue since 2017* " (They can't fix it!!) . "The new recall involves numerous vehicles built between 2006 and 2013, including some 1 Series, 3 Series, X3, 5 Series, X5 and Z4 models, because the heater for the positive crankcase ventilation valve (PCV) may short-circuit and in extremely rare cases could increase the risk of a fire. . *The new recall was prompted by a series of fire reports in BMW vehicles previously recalled that had been repaired* (!!)" . Do I need to find the similar reports relating to Ford, Mercedes, and other manufacturers? (There are many)

[@ohyesitsme]

Jaguar had fire issues with their iPace

[@user-oz4mx1di7t]

@rogerstarkey5390 I take it that they caught fire while driving and not just parked up for no reason and I'm wondering why the bbc isn't reporting on this

[@bobwallace4198]

EV cars suck !!!!!

[@davetakesiton]

Thanks for your comment. Your view and the comment contribute to the success of this EV channel, thanks

[@michaelzemrowsky2786]

Russia is doing exactly what it has to do in Ukraine . Why would anyone try to link what is happening with Russia and the E V market. Needs to seek professional advice.

[@davetakesiton]

look up the word analogy

[@michaelzemrowsky2786]

@@davetakesiton That's the point. It is not a compatible analogy.

[@stevenjones916]

Anyone that says "Russia is doing exactly what it has to do in Ukraine" needs to get help.

[@michaelzemrowsky2786]

@@stevenjones916. Stop repeating what I have to say. If you have a different opinion. Use it.

[@keithdenton8386]

Do the Chinese pay you to to say this

[@davetakesiton]

Well Keith, I'm sure they have my bank details but there's nothing been paid in yet. BTW this is irony, not condescension which is where somebody talks down to you as if you don't understand the difference