Why are EV prices falling?

  Рет қаралды 99,271

Morning Brew

Morning Brew

Күн бұрын

Пікірлер: 231
@YAWSSSSSS
@YAWSSSSSS 20 күн бұрын
If majority of people can barely manage to put food on the table and keep a roof over their head, what makes these companies think everyone is gonna drop 40k+ on a brand new vehicle?
@nothingtoseehere93
@nothingtoseehere93 20 күн бұрын
The rest of us?
@Evercreeper
@Evercreeper 20 күн бұрын
@@nothingtoseehere93bot detected
@bachinblack174
@bachinblack174 20 күн бұрын
​@@Evercreeper I don't get it, why ?
@thesandboxbandit3838
@thesandboxbandit3838 20 күн бұрын
Honestly even if people had no problem affording basic stuff they should still consider not dropping a ridiculous amount of money on a brand new vehicle. People don't seem to mind a $700 per month car payment because we've been conditioned to want shiny new things. I used to be one of those people but I will never buy a brand new car again.
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
Bolt used to be under $20K new out the door. Depending on state you’re in (CA, NJ, TX, CO, etc) a Model 3 starts new at or under $30K (with a lot of features). The cost per month in total is +/- a gas car with $5000 lower sticker price. And it’ll last longer.
@justcommenting4981
@justcommenting4981 20 күн бұрын
The old "slow production to keep prices higher" playbook.
@jerrymiller9039
@jerrymiller9039 20 күн бұрын
@@justcommenting4981 they tried to roll them out too quickly not too slowly
@fyang1429
@fyang1429 20 күн бұрын
Faster production not matching demand results in losses. Not really an option for companies.
@justcommenting4981
@justcommenting4981 20 күн бұрын
@fyang1429 oil companies said the same thing when gasoline prices spiked and they refused to increase production. These giant corporations are able to engage in market manipulation, but when workers try to do it with unions we are demonized. A company can't accept reduction in roi but we can all accept reduction in real wages. Tiresome.
@tsubadaikhan6332
@tsubadaikhan6332 20 күн бұрын
I'm Australian. You guys are only getting the USA experience. China's production of EV's is still enormous - They've literally built too many factories - Something that couldn't happen in our economies - We've no Tariffs on Chinese EV's here. A base BYD or MG is the same price as a Corolla, but larger, with far more features. Ford and GM might be slow rolling, but the Chinese are not. Theoretically, Chinese Manufacturers should be going bankrupt. But they're not. If we do switch to EV's, Ford, GM and Volkswagen all might disappear, because I think the Chinese are artificially propping up their companies.
@limyohwan
@limyohwan 18 күн бұрын
@@tsubadaikhan6332 if american evs did not need to meet safety standards they'd be printing money as well. Unfortunately they are not allowed to build death traps
@anthonydpearson
@anthonydpearson 20 күн бұрын
It's hard when hybrids are basically just as good but can go as far as you need. I drove a Ford hybrid as a rental car a few weeks back - the entire gas bill was $15 for the entire week. Even if gas prices doubled, or even tripled, that's still outrageously affordable, plus I don't have to charge for hours every time I need to travel more than 300 miles.
@danosaur55
@danosaur55 20 күн бұрын
It's 30 minutes now, and if you only used 5 gallons in a week you could have walked.
@justcommenting4981
@justcommenting4981 20 күн бұрын
@danplewnarz depends on the battery size. Most people could get by with a much smaller battery for day to day needs. Unfortunately the poor layout and zoning of American cities makes cars necessary for even short trips, at least for now until bicycle infrastructure is more widespread.
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
Rental means you didn’t experience the maintenance cost difference. Hybrid is the inferior drive train
@smileychess
@smileychess 19 күн бұрын
@@justcommenting4981 - Yes, I have a used Leaf with a tiny battery, 20kwh. It gets me around my city, which is 99% of my trips. Saves me over $100/mo in gas. And for longer trips I have a cheap van I bought just to haul stuff. Total cost for both used vehicles: $8,000.
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
Frankly for 300 mile trip I’d do maybe a 10 minute bump, usually. That’s a tiny trip
@tannermcnabb4836
@tannermcnabb4836 20 күн бұрын
Why are they falling? Supply and demand. There were so few choices before, and a huge demand. Now, there are FAR more choices for consumers, and prices are coming down accordingly. And that is a good thing!! Also: EV sales are still up about 8% in Q3 2024 vs Q3 2023, so please stop with the "demand slump" narrative. EVs are fantastic vehicles, they are still growing as proven by sales data, and lowering prices are a VERY GOOD THING for consumers. This is good news
@hamdy-man2237
@hamdy-man2237 20 күн бұрын
I understand your reasoning but don't get why it's a good thing.
@ricardoamendoeira3800
@ricardoamendoeira3800 20 күн бұрын
​@@hamdy-man2237 You don't understand how lower prices are a good thing for consumers?
@VinceroAlpha
@VinceroAlpha 20 күн бұрын
Prices are still not coming down that much especially knew you forget that the cost to build an EV is still significantly higher prices are ice counterparts also doing a snapshot comparison of EV sales this year from last year is very misleading if you go back to the EV bubble boom in 2021. It’s a significant drop. Stop Trying to mislead people.
@CueBeanKa
@CueBeanKa 20 күн бұрын
"U.S. EV market share reached a new high of 8.9% in Q3 2024.... In 2023, 7.3% of all new car sales in America were fully-electric. In 2022, 5.8% of the new cars Americans bought were fully electric, up from 3.2% in 2021."
@VinceroAlpha
@VinceroAlpha 20 күн бұрын
@@CueBeanKa Maybe you’re not aware of this or you’re just playing me leaving this out there counting hybrids in there as well www.epa.gov/greenvehicles/electric-plug-hybrid-electric-vehicles#:~:text=Electric%20vehicles%20(EVs)%20have%20a,and%20an%20internal%20combustion%20engine.
@macmcleod1188
@macmcleod1188 8 күн бұрын
I disagree with the assertion that the vehicles are selling lower than expected. We are way ahead of 2018 projections at this point. The main reason EVs are cheaper is that prices on new EVs have fallen faster than projected. This puts a ceiling on used EV prices. There is one negative feedback loop from high Eevee sales. It is destroying demand for gasoline. Not much but about 1% now. This makes gasoline much less expensive. And less expensive gasoline makes the case for buying an Eevee less compelling.
@rajak3958
@rajak3958 20 күн бұрын
As an EV driver, I am happy about this. Lower prices means more adoption. Can’t wait to be off lease and to buy my next used EV.
@KeshavKrishnan
@KeshavKrishnan 20 күн бұрын
I think you're misunderstanding part of it. The companies decided to slow production and limit quantity to keep prices higher. Their goal, should they succeed, would put less EVs on the road for higher prices so they get a better margin
@russell.bishop
@russell.bishop 20 күн бұрын
​@@KeshavKrishnan that doesn't work if one of your competitors choses the opposite strategy - lots of cheaper EVs
@KeshavKrishnan
@KeshavKrishnan 20 күн бұрын
@ here's to hoping!
@hypermiraclepositivegirl2415
@hypermiraclepositivegirl2415 19 күн бұрын
​@@russell.bishopThat's not happening. It feels like EV companies are colluding to keep prices unnecessarily high, especially since it is easier and cheaper to manufacture EVs compared to ICE car
@blu0065
@blu0065 19 күн бұрын
Unfortunately, this is an actual econ 101 example of supply and demand. (Probably the only case I've seen in recent months where this is the case)
@peadarr
@peadarr 20 күн бұрын
It’s ironic, the anti EV brigade complain about the high prices of new EVs. Now that those prices are coming down they’re complaining the bottoms falling out of the used market. If you’re thinking about buying an EV, ask someone who’s bought one (in real life, not some random claiming to on the web). I’m yet to meet a real person that regrets it
@tannermcnabb4836
@tannermcnabb4836 20 күн бұрын
@@peadarr exactly. We went down to 1 vehicle to afford one a cpl years ago since we both worked remotely. We're now getting a second vehicle and are getting another EV we enjoy them that much
@ST5S5
@ST5S5 19 күн бұрын
Lots of people who bought new EV’s regret it considering the depreciation has made a lot of loans go underwater. Buying them used can be a great buy but I don’t think people realize how brutal the depreciation on the new vehicles is. I was looking at used Teslas recently and saw that you could buy a 2 year old model s plaid for $50k. This car was about $150k brand new only 2 years ago
@tannermcnabb4836
@tannermcnabb4836 19 күн бұрын
@@ST5S5 sure but the ppl buying Model s plaid have more money than sense so I'm not going to shed a tear for them. And depreciation on all new vehicles is extreme. The old saying of lose 20-30% of the value the second you drive it off the lot is real. What beats that - if you're buying new - is time. Just own the vehicle long enough that the blip of time where it's worth less than the loan doesn't matter. For most vehicles, that'll be sometime around year 3 of the loan. Most car loans are 5-7 years, so at the half way point, it's probably not underwater. Own it for 8 years, and it'll be paid off fully for the last two years. And for the used market, the folks who didn't listen to the above and bought brand new vehicles and then sold them within 1-3 years....used buyers should LOVE those people! They took the huge hit so you don't have to!
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
@ST5S5 That’s people that bought on the overall car bubble, lots of ICE bought then are upside down, too.
@ST5S5
@ST5S5 19 күн бұрын
@@tannermcnabb4836 just because you have the money to spend on a car like that doesn’t mean you’re okay with your car’s value tanking in such a short amount of time. Whether you have a loan on it or not, it’s a terrible ROI. People often say one of the benefits to electric cars is lack of maintenance costs, but that’s pretty much irrelevant if your car’s value plummets, so either way you’re throwing money out the window. Like I said, if you buy used, you can pay very little compared to the original owner so it can be a great deal, but for people who got stung buying new, it would certainly leave a bad taste in their mouth and make them want to hold off on buying new electric cars in the future
@Bremend
@Bremend 19 күн бұрын
So people complained EV prices were too high, now they complain they are dropping? Next, they'll complain when they go up again...
@thelight3112
@thelight3112 20 күн бұрын
It's the high prices that are putting most people off. Combine that with the misinformation/anti-EV propaganda going around, it makes sense that people would be hesitant to spend $40k on an unfamiliar technology. Personally, I'm looking forward to buying a cheap used EV in the near future.
@ofallnames
@ofallnames 20 күн бұрын
Not just that but if your family lives a state over you can kiss goodbye to seeing them unless this is a second car. So essentially shelling out 40k for a fun way to get around town
@tannermcnabb4836
@tannermcnabb4836 20 күн бұрын
Used market is really filling out nowadays! Way more choice and way better prices
@tannermcnabb4836
@tannermcnabb4836 20 күн бұрын
​@@ofallnames not true good sir. Road tripping in an EV is absolutely doable. Does it take slightly more thought ahead of time, since there's not 1,000 chargers on a 1000 mile road trip route? Sure. But like 15 mins prior planning, and you're good to go. I tow a trailer with mine on a 2200km round trip each year. With kids. No problems
@bachinblack174
@bachinblack174 20 күн бұрын
"propaganda" is a bit hard, I believe there are things to take into consideration when buying an EV. Well I want one because I think they're cool (although not needing a car at all is great too), but I understand that people are put off, some arguments can be made against EV (starting with their price lol)
@whattheblah8773
@whattheblah8773 20 күн бұрын
@@bachinblack174theres a lot of propaganda, the car manufacturers want you to buy gas cars because they have deals with gas companies, and EVs just dont make everyone enough consistent money, so they make them intentionally average and rake in the tax credits
@croy263
@croy263 17 күн бұрын
I think we are looking at it as purely a financial thing. Which is a factor, but it really seems like EVs only work for certain people right now. Current tech and charging infrastructure only accommodates certain driving habits well. So everyone who could afford and make the EV lifestyle work has gotten one and now that pool has dried. As technology continues to improve more people will see EVs as an option and the pool will grow.
@h0lycrap
@h0lycrap 3 күн бұрын
I completely agree this report seems to miss the forest for the trees completely. Sure financial reasons are a thing but I think physical limitations are much more of a reason. Specifically for the used market also a big issue is battery degradation. Used Evs have an inherent expiration date.
@playlist5455
@playlist5455 8 сағат бұрын
Not getting an EV for a few more years as my current car isn't past 200K miles and doesn't cost too much to fix yet.
@JS-ol4dx
@JS-ol4dx 20 күн бұрын
Someone in my area is selling a Tesla 3 without a battery for around 10k and the cost of installing new batteries is the same as a new car.
@JS-ol4dx
@JS-ol4dx 20 күн бұрын
And that's the cheapest one I've seen, the others are high mile models for 40-50k
@sibb4846
@sibb4846 20 күн бұрын
It also means a lot more people are broke and can not afford to buy a car. 😬
@imsotiredofthis
@imsotiredofthis 19 күн бұрын
I got a new chevy bolt last year. With the 7k credit, it was cheaper then most gas options! But I think it was the only ev option in that situation. If my work didn't have charging stations though, I don't think i would have considered it
@lephtovermeet
@lephtovermeet 2 күн бұрын
Too much supply, people don't buy that many new cars, and not enough charging stations.
@anthonyauker7113
@anthonyauker7113 19 күн бұрын
EVs simply are not currently scalable with US infrastructure. People are still buying IC trucks/SUVs despite nearly all the factors referenced in this video. The EV "push" was largely artificial, not actually market driven.
@aoeuuaoaou
@aoeuuaoaou 12 күн бұрын
People not transitioning are largely those falling for silly talking points like you are
@anthonyauker7113
@anthonyauker7113 12 күн бұрын
​@@aoeuuaoaou I am a former Tesla owner, lol. Which of the "silly talking points" would you factually disagree with?
@themegjake4000
@themegjake4000 20 күн бұрын
Plug in hybrids are so underrated
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
*overrated
@Bitman124
@Bitman124 12 күн бұрын
*Underrated
@aoeuuaoaou
@aoeuuaoaou 12 күн бұрын
@@Bitman124 *highly overrated More expensive to build and maintain than BEV and ICE. More expensive to drive than BEV. They were always a bridge to a dead-end
@Bitman124
@Bitman124 12 күн бұрын
@@aoeuuaoaou Surprisingly cheap used, and the right engine can be trivial to maintain. Kia/Hyundai 1.6 NA and the Prius power train
@Bitman124
@Bitman124 12 күн бұрын
@@aoeuuaoaou Agree on expensive to build
@ChristianPixtun
@ChristianPixtun 20 күн бұрын
Oversaturation your mic 😅
@BaKer312213
@BaKer312213 14 күн бұрын
just like the EV market
@gregorymalchuk272
@gregorymalchuk272 5 күн бұрын
Rich people getting 7,500 dollars for a second or third car. I've never spent even a quarter of that on any vehicle I've ever owned.
@AdrianMcDaid
@AdrianMcDaid 20 күн бұрын
Great time to buy
@DavidStewart-np3cj
@DavidStewart-np3cj 10 сағат бұрын
“Slowing down production to keep prices high”. Yea that sounds reasonable. With a business model like that, You will NOT need a government bailout.
@tuvoca825
@tuvoca825 14 күн бұрын
Upside down. Low demand. Overpriced. Tax credit favoring new cars. Slower turnover. They don't sell and the batteries only last maybe 10 years, or so they say.
@Jkarsjens
@Jkarsjens 21 сағат бұрын
Also they cost more to repair than buying new
@hdot89
@hdot89 7 күн бұрын
Biggest mistake I made was purchasing an EV
@Icarus1234
@Icarus1234 20 күн бұрын
Was the audio recorded on a toaster?
@VolkFolk11
@VolkFolk11 11 күн бұрын
Shocker. Anyone else just shocked by this news? 😑
@superdesultory
@superdesultory 18 күн бұрын
Used EV just means used battery means less range than the already low ranges OEMs sell when new. Also, the fact that used EV prices are dropping just means buying one is, in the long term, potentially a bad investment for the buyer. If you buy an EV now and want to resell it later, you should be expect a significant devaluation in the vehicle.
@sienamoreno3776
@sienamoreno3776 7 күн бұрын
Also dont you have to buy a new battery which is worth more than the car?
@ethangormong7506
@ethangormong7506 14 күн бұрын
Just a word of advice-your mic is clipping. Bring the gain down a bit 😊
@gorpazorp7309
@gorpazorp7309 20 күн бұрын
Now with the sub method of taking away features because you didn’t pay for it, people are probably going to be driving even less
@markmickman
@markmickman 12 күн бұрын
And California wants to force full EVs by 2030!
@karendarrenmclaren
@karendarrenmclaren 2 күн бұрын
Cost reduction...
@mrflowers1234
@mrflowers1234 16 күн бұрын
This guy looks like a character in the movie Clerks
@anubizz3
@anubizz3 14 күн бұрын
I am confuse how higher interest rate make people lease? Leaseing companies don't calculate interest rate when they setup the repayments? Usually higher interest rate make people but stuff they can afford.
@YetiGx
@YetiGx 20 күн бұрын
Or sell more car for less profit per car
@TheOOOOOOOOOOOOOOO
@TheOOOOOOOOOOOOOOO 20 күн бұрын
So what can I do as a consumer to get the best deal?
@SalamanderDancer
@SalamanderDancer 6 күн бұрын
The auto manufacturers did this to themselves. They manufacture and sell trim levels right at the maximum allowed for tax credit eligibility, rather than making more of the modest trim levels that actually compete with their gasoline vehicles on price before considering the tax credit. Basically, the government's tax credit allowed manufacturers to increase their sale price rather than reducing the cost for consumers. Basically a government hand out to auto manufacturers.
@Squeegee88
@Squeegee88 20 күн бұрын
With EVs there are less maintenance costs. No engine nor transmission.
@gur262
@gur262 20 күн бұрын
Well you'd hope so. The number of battery and motor replacements that one guy that has free Tesla charging gotten don't look encouraging. Then again. It's Tesla. Not exactly known for reliability
@AW-zu4kk
@AW-zu4kk 20 күн бұрын
Wait till 6th year of the car
@xxsuper99xx
@xxsuper99xx 20 күн бұрын
A higher upfront cost (+ installing a charging station at home maybe), but lower continued costs sadly work against human psychology even if you save well over a thousand bucks a year EVs just now reached the point of a finished and competitive product so we have another 10 years before we see a serious change. I mean the adoption of flatscreens e.g. took at least 5 years and TVs have a lot lower lifespan
@jerrymiller9039
@jerrymiller9039 20 күн бұрын
EVs are much more ecpensive to repair
@thelight3112
@thelight3112 20 күн бұрын
​@@jerrymiller9039 Only if you need to entirely replace the battery. Or if it's a Tesla, who makes it intentionally difficult to fix anything.
@underscore_d.t
@underscore_d.t 20 күн бұрын
people should stop buying evs. let your local city government buy electric vehicles (trains) and ride those all day long instead.
@justcommenting4981
@justcommenting4981 20 күн бұрын
@underscore_d.t that would be too convenient and cheap. They will never produce the infrastructure if it doesn't enrich a corpo. Too much money is still tied to cars especially with loan products.
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
Where do you live? Because the majority of the US is decidedly not like that, and large portions (particularly the South) public transportation is outright hated by enough voters that you just aren’t going to see that anytime soon :/
@underscore_d.t
@underscore_d.t 19 күн бұрын
@ my comment is idealistic, “people should”. i grew up in washington and now have lived in dallas for about 5 years, i definitely agree that people in the south are unlikely to support or use public transit even if it would be beneficial to them. people should, though they might not. but to quell a bit of the doom and gloom, i can personally attest that (in the south) the majority of gen z is fully in support of public transit, millennials see its necessity but don’t personally want to use it, and boomers are the ones voting against the interests of the public. the good news is that boomers are old and soon will start dropping like flies in retirement homes across the country
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
So maybe in 30 years we’ll get some real progress , you think?
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
fyi, I live in Houston area. They have a tiny light rail system they added relatively recently, but it’s flat out sad how little of the metro it covers. And given urban design, is likely to cover ever in the lifetime of my children even. By the time you get to suburbs the public transit hate even by millennials is solid. Further out you might as well spit in someone’s face as say “bus”. :/
@modquad18
@modquad18 18 күн бұрын
He looks like Belle from Beauty & the Beast. I got one two months ago and it cost $26 in electricity to travel 1000 miles (home charging), and that was on the higher summer rate. I now realize what all the hype’s about 👍🏽
@nwj03a
@nwj03a 6 күн бұрын
If it takes longer to charge than pump gas (not minutes, but exponentially) and it’s hard to find a charging station outside of a major city… nobody wants them. I’d get an EV, I can afford an EV, but they are a huge pain. Trying to force an EV on people now is like trying to require cell phones in 1980. It’s not practical for 99% of the population and 90% of users are doing it to look “hip”.
@CleverSmart123
@CleverSmart123 20 күн бұрын
On top they are expensive to insure because most of the time a small damage means that a larger part needs to be changed due to the integrated build of EVs and for Insurances they could have to write off the entire car
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
That’s mostly if not all myth.
@CleverSmart123
@CleverSmart123 19 күн бұрын
@ I analyze that type of data. What are your sources?
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
Years of ownership, for starters. Personal & commercial. Plus a DWI guy t-boned my Model 3. And so on. Teslas are kinda funky in that you need to shop around more, more variance between underwriters. But otherwise they actually have tended towards lower liability.
@macmcleod1188
@macmcleod1188 8 күн бұрын
​@@CleverSmart123I looked at insurance rates and asked Tesla owners about their insurance rates and our insurance rates are very similar. They pay about $500 to $600 more per year than I pay on my 12-year-old ice vehicle. Most of your insurance cost is based upon paying damage for the other people's car and paying for their health care expenses when you are at fault.
@TankEnMate
@TankEnMate 20 күн бұрын
Only true in some countries. Not everywhere is the US.
@Derekzparty
@Derekzparty 16 күн бұрын
Most car loan payments are for more than the car is worth, or you have a positive feedback loop where you keep buying and selling cars until you are driving a bugatti!
@erikporter
@erikporter 17 күн бұрын
EXCEPT for Tesla
@limyohwan
@limyohwan 18 күн бұрын
There is no charging infrastructure. I've considered leasing an ev because they lease at ridiculously low numbes but I don't own a house. And I live in the liberal mecca of new york city. EV manufacturers simply did not lay the groundwork required for ev adoption
@aoeuuaoaou
@aoeuuaoaou 12 күн бұрын
Baffles me why you have a car at all
@PraxZimmerman
@PraxZimmerman 19 күн бұрын
Can't charge at my apartment. I'll get an electric car the moment the housing market crashes.
@dave3657
@dave3657 14 күн бұрын
People aren’t transitioning to an EV because of costs. There are many other factors, like charging if you have street parking or live in an apartment. Higher insurance cost, limited range on cheaper EV’s. Plus, not everybody wants to transition, isn’t this a free country? People do not want EV’s.
@Alex-ug9wx
@Alex-ug9wx 6 күн бұрын
Kind of unrelated, but I wanna see Musk’s response to Trump gutting space X and EV subsidies.
@John-zh1ud
@John-zh1ud 2 күн бұрын
They need to make an "EV as a normal car" model... why do they have to look so bad and can't just seem like a normal car?
@joshbob-sx7kd
@joshbob-sx7kd 5 күн бұрын
Reason number 1..... they're garbage
@aaronjjacques
@aaronjjacques 10 күн бұрын
Seriouly going to ignore the reason why people are not buying ev. The government promised to build enough ev chargers to allow you to cross the country They built 6 chargers for 7.5 BILLION People arent going to buy ev if you can only drive them around your city/state (if you are luck)
@JustKiddingNYC
@JustKiddingNYC 20 күн бұрын
Whats up QUEENS
@aygwm
@aygwm 6 күн бұрын
Depreciation due to short product lifespan
@dugproductions2556
@dugproductions2556 18 күн бұрын
I would love to tell you The Truth from The Holy Bible about what is going on. However, I politely encourage you to read it for yourselves. By The Way, check out Truthunedited and Stephan Darby's sermons to get a deeper understanding for The Life. May YAH bless you, your families, and HALLELUYAH!
@timmy-dubs
@timmy-dubs 3 күн бұрын
EVs are already cheaper than gas cars, to purchase, fuel, and maintain
@CharlieBecquet
@CharlieBecquet 7 күн бұрын
Its just crazy how nobody expected this. EV’s are still the future itll just take time
@UKsystems
@UKsystems 20 күн бұрын
I see lots of comments from people with functional non-electric cards so they have to buy one no you do not at the current moment
@dvader3263
@dvader3263 19 күн бұрын
Tesla sold 1.3 million EVs at a profit in 2022. Then Tesla sold 1.8 million EVs at a profit in 2023. That's more EVs than Ford sold in trucks.
@brodyscarlett5527
@brodyscarlett5527 19 күн бұрын
Once again, the stock market being separated from the actual market is going to be the cause of the next financial collapse
@scoobydoobies
@scoobydoobies 20 күн бұрын
I'm looking forward to the world fully going EV, purely for the quiet city aesthetic
@troys6965
@troys6965 5 күн бұрын
Or, perhaps, people realize current EV battery technology leaves a huge carbon footprint, the vehicles shred tires, and then there's range anxiety.
@m1chi13l
@m1chi13l 20 күн бұрын
Because no one wants a second hand one. People barely want new ones. When all the government incentives are removed, you'll see f150 and Toyota Camry with petrol and hybrid engines are what the market wants
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
Toyota’s marketshare has been sliding for years….and BEV marketshare is still climbing.
@alfonsorodriguez7713
@alfonsorodriguez7713 20 күн бұрын
We're just waiting for solid state batteries. Then the transition will go crazy
@tannermcnabb4836
@tannermcnabb4836 20 күн бұрын
There will always be something better juuuussstt around the corner. Just like fusion energy 😊. So don't let the technological promises of some vague point in the future be the thing that holds you back. Because solid state has been talked about for at least a decade now. And they'll still have to prove themselves reliable over laboratory and real world use settings before they'll be available en masse.
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
@alfonsorodriguez7713 That’s mostly a Toyota BS story they tell stockholders, have been peddling it for over a decade
@PropeIIant
@PropeIIant 19 күн бұрын
Leases up now more than ever. “Youll own nothing and be happy”
@htcthunderbolt
@htcthunderbolt 19 күн бұрын
Cuz evs are junk
@IL_Bgentyl
@IL_Bgentyl 19 күн бұрын
Bought my ev. Not sure the price anymore my payments are low and interest is lower. Not to worried about the cost when daily im saving money. Truck - $400 week in gas and insurance for the truck ev are the same. Car payment now is $250 a month no charging cost due to solar. Overall a big win
@mack-uv6gn
@mack-uv6gn 20 күн бұрын
Resale value is very low also
@blu0065
@blu0065 18 күн бұрын
I actually did the calculations. The most efficient hybrids driven slowly get better miles / dollar than an EV. But I also work as an auto technician... So like my repairs are covered. 🤷 This analysis is done in California where the electricity prices are high because of data center energy use for large machine learning models.
@alphacrisis
@alphacrisis 20 күн бұрын
As a former automotive tech. Ev is selling a lie. A turbo hybrid diesel(illegal in the usa) is actually more cost efficient and produces significantly lower emissions than gas. Better mpg as well. Lile kei trucks...also banned by lobbyists.
@rajak3958
@rajak3958 20 күн бұрын
None of what you’re saying is true but OK
@ricardoamendoeira3800
@ricardoamendoeira3800 20 күн бұрын
Than gas, sure. But not compared to full EVs.
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
> As a former automotive tech. Okay, washed up boomer
@ellingeidbo8469
@ellingeidbo8469 20 күн бұрын
No one wants a used vehicle with a $15000 dollar part that needs replacement.
@danosaur55
@danosaur55 20 күн бұрын
The new car batteries are 15k, and under warranty. The older models are 8k and dropping, and only the Nissans need it yet. No transmission, belts, pistons, or even oil.
@ricardoamendoeira3800
@ricardoamendoeira3800 20 күн бұрын
You mean like an expensive combustion engine that becomes unreliable with much less mileage than an electrical motor or battery?
@Foolishem
@Foolishem 20 күн бұрын
@@danosaur55an $8k bill on a sub $25k car after a couple of years writes your car off
@Sweety1915-nono
@Sweety1915-nono 20 күн бұрын
​@@Foolishempretty big assumption that you'll need to replace the battery on a car though. A) batteries are likely to last longer than the "traditional" components on your car by quite a margin. Increasing amounts of evidence to support this as modern generation cars age. B) plenty of examples of people repairing battery packs on non-Tesla vehicles (e.g. Leaf) for hundreds of dollars by replacing individual modules. Newer Teslas are more problematic for this thanks to their battery packaging.
@Foolishem
@Foolishem 18 күн бұрын
@ it would be interesting to see your sources. The Australian climate is brutal on batteries from two aspects: salty air component degradation (most ppl live near the ocean) and longer periods of exposure to ambient heat while running. Results in batt swell. Not sure about cold climes.
@scottf3456
@scottf3456 5 күн бұрын
Its a bad idea to buy a used ev because of the battery life and the cost of replacing batteries.
@garrettc.9451
@garrettc.9451 19 күн бұрын
… No. companies are scaling back because they (except Tesla) cannot produce EVs profitably.
@kristoferkosarev1465
@kristoferkosarev1465 20 күн бұрын
Toyota made 1 pure EV car as they were pushed by governments and such to do so. Their current goal is to get their hybrids popping as they have already known EV’s are a flop
@aoeuuaoaou
@aoeuuaoaou 19 күн бұрын
That’s because they made a garbage BEV, whether on purpose or via incompetence. Toyota is losing market share worldwide & US. Crazy thing is over last 3-ish years the amount of % of marketshare they’ve dropped is almost the same as the amount of Tesla has gained over that time. They probably have time to turn it around, but not with their head up their Japanese government driven H2 cornchute
@aoeuuaoaou
@aoeuuaoaou 12 күн бұрын
They sandbagged on the BEV, of course it flopped. Japan government is actually pushing hard against BEV, that’s reason for H2 rabbithole Toyota has been down for a decade +
@Amadii-r7m
@Amadii-r7m 20 күн бұрын
I am your sister from Yemen, and by Allah I only spoke out of hunger and distress. My mother, my brothers, and I lessons and tears. We are in a situation that only God knows about. God is sufficient for us, and He is the best disposer of affairs for those who broughtOh people, we are your sisters, by God 😭😭😭 We do not even find a loaf of bread inside the house that would satisfy you, oh nation of Muhammad. People are brothers. Oh God, make your righteous servants subservient to us. Oh God, make your righteous servants subservient to us. My appeal to every Muslim, oh Lord, if he sees this message, may He prolong his life, make him happy, and cover him. May God reward him. God is sufficient for me, and He is the best disposer of affairs. There is no power or strength except with God. Oh people, oh nation of Muhammad, oh people of goodness, oh people of mercy. We are your sisters and your children. By God, we do not even find a loaf of bread inside the house that would satisfy you. Oh nation of Muhammad, I only spoke out of extreme hunger and distress. My mother, sisters, and I are displaced from our homes because of the war. We are in a state that no one knows about except God. God is sufficient for us, and He is the best disposer of affairs, against those who brought us to this state 💔💔 By God Almighty, I only wrote this appeal out of extreme poverty and poverty, oh people. I beg you by God Almighty, Lord of the Mighty Throne, that I do not have food at home. By God, my brothers and sisters have been sitting around for two days. Without food, by God our situation is very difficult, we are 4 people in the house and my father passed away and there is no one to support us and we live in a rented house and we cannot pay the rest of the rent. I am not lying to you nor deceiving you nor cheating you. I am a Yemeni girl displaced because of the war between me and my family over a rent dispute and the owner of the house. By God, my brother comes every day and humiliates us and talks about us and wants us to go out to the street because we are unable to pay him the rent. The neighbors saw us crying and talked to the neighbors again and gave us a deadline until the end of the week and we swore to God to let us out of the street now we are in arrearsof 60 thousand Yemeni riyals for 3 months rent may God have mercy on us our country is suffering because of this war and we do not find our daily sustenance and we live my mother and sisters our father passed away may God have mercy on him and we do not have anyone in the world to come to us in these harsh circumstances my little sisters went out to the street and saw the neighbors eating and stood at their door giving them even a piece of bread and by God in whose hand is the heavens and the earth they closed the door and kicked them out and they came back crying dying of hunger no one has mercy on them and now the holiday has come back to me if no one of us helps us with a kilo of flour by God we will die of hunger brother I seek refuge in God and then in you and I want your help for the sake of God I ask you by God you love goodness and help me even if it is about the rent of the house send me a WhatsApp message on this number 00967772168484 and ask for my card name and send it and do not delay may God compensate you with all good My little sisters, look at their situation and help us and save us before they throw us out into the street and humiliate us or my family and I die of hunger. We ask you by God, if you are able to help us, do not delay on us, and may God reward you with good.'~~_«%•&»_~~_~&:»'////;&&;&;&;;&🎉😢😢😢😢;&;&&&//&..,!~~~♡♡♡~~~♡~♡~•~•~•~•~♡~♡~♡~;l.i.i.i.i.i.l.|--.|;^];`,’',|,..،،,..،.،،..،`,.,`,.,`,,,.`, .,`,.,`,.,`,«««~-♡~♡~♡~~•~•~♡~♡~♡~♡~♡~♡♡♡~~~:&;.”?~:~¡~¡~¡~;I.i.i.i.i.i,゚;,⌐,:゚;,⌐:,゚;,⌐,゚;,⌐,゚,،،..،.،،..،.،،..،.،،.،.،.،،،،..،.،،.،،.;;:::😭😢..,;:,,,,,,,,,....
@jonathantunnell3993
@jonathantunnell3993 20 күн бұрын
Sorry about your mental illness.
@markmalasics3413
@markmalasics3413 6 күн бұрын
Right. Like I'm going to believe ANYTHING some punk walking around with a cellphone pointed at his narcissistic face says.
Why the U.S. Can’t Use the Oil It Produces
14:57
Morning Brew
Рет қаралды 2 МЛН
What If You Just Keep Digging?
11:36
Cleo Abram
Рет қаралды 591 М.
Симбу закрыли дома?! 🔒 #симба #симбочка #арти
00:41
Симбочка Пимпочка
Рет қаралды 3,1 МЛН
Why I cancelled my Tesla order & what I got instead
7:55
CarExpert
Рет қаралды 138 М.
The Mercedes EV Disaster...What Happened?
13:05
Logically Answered
Рет қаралды 703 М.
Why American Money Is Flooding European Soccer Teams
10:12
Morning Brew
Рет қаралды 18 М.
How ATACMS Missiles Strike Affect the Ukraine-Russia War?
12:13
Subscriptions Are Ruining Our Lives. Here's Why They're Everywhere Now.
16:45
More Perfect Union
Рет қаралды 1,1 МЛН
Are Chain Restaurants Doomed to Fail?
7:40
Morning Brew
Рет қаралды 23 М.
Let's Fix The United States' Awful Borders
11:22
Geography By Geoff
Рет қаралды 588 М.
Michael Seibel - How to Plan an MVP
13:50
Y Combinator
Рет қаралды 688 М.
The secret economics of Escape Rooms
28:21
Phil Edwards
Рет қаралды 90 М.
This is why I will NOT buy another Tesla - One year ownership review.
11:33
Tommy L Garage
Рет қаралды 1,1 МЛН