Why EV Sales Are Falling | CNBC Marathon

[@ItsBondoBaby]

I like how the dealer owner subtly threw shade at Tesla for being able to unfairly adjust their pricing…when dealers pack on market adjustments and bogus fees at nearly every opportunity

[@TheGardenMG]

market price is market price, before the pandemic for most brand you can easily purchase a car at invoice (not MSRP) price and sometimes even UNDER invoice if you play the card right. funny how people start complaining when the pendulum swings.

[@aj4991]

@@TheGardenMGwhy should I have to haggle for a lower price. Dealerships need to close. Buy it online. Best price will get my purchase.

[@TheGardenMG]

@@aj4991 you don't, I just email all the dealers in the region and let them compete with each other, some takes online sales seriously and you basically just go there to sign the paper and grab the key. Doesn't sound like you have much car buying experience.

[@aj4991]

@@TheGardenMG Taking the man out the middle makes things cheaper across the board for everyone. After buying my Tesla I never want to deal with a dealership ever again. When buying my Ram 1500 longhorn it was such a hassle and I knew the guy personally who I was buying it from.

[@TheGardenMG]

@@aj4991 Sounds like you just never bought from a good dealer. Tesla itself is not shy about charging market price neither. Have you looked at used Tesla inventory on their site in mid 2021? Two years old Model 3 are selling close to MRSP when it's new because that's the "market price". Oh and "Founder's Edition" is basically just their version of mark up.

[@dropacid8]

Buying a car from a dealership is the worst experience ever!

[@renerodriguez9055]

Only if you have the money to back it up and if you know what you're doing

[@Razm-a-Tazzi]

It can be. We've had those kinds of experiences.. However, the second to last car we bought was in a small town south of a major city. It was a small town dealership, and it was a fantastic experience! I assume that, since news travels fast in smaller towns, they know they need to protect their reputation. Our last experience, two years ago, was in a town of 45,000. It was a good experience, too. Both were Dodge/Chrysler dealerships.

[@samuelhomer8885]

I agree with you 💯 % me too

[@circrna]

The reason I bought a Tesla and super happy with it.

[@Random_channel_2023]

If u are poor, yes.

[@FirstDate08]

didn't this already come out? CNBC recycling material

[@tortoise62]

They want those ad dollars from GM and others. This is dishonest journalism.

[@TheBooban]

And its the same. Its not EVa going down. Just Ford and GM.

[@EclipseMints08]

Anti-EV propaganda needs to be updated.

[@DeadAir21]

Yes this is a marathon video where they take 3 previous videos on the same Topic and put them together.

[@DSBP1]

I knew I wasn’t going crazy. I felt I had watched this video before.

[@pigboykool]

No body wants EV. High price, high insurance rate, high DMV fee, long charge time but short driving range, super low resell value, toxic to the environment, danger battery chemical fire, INSANELY expensive battery replacement cost, and tons of more problems!

[@really2345]

@pigboycool: Yep, that is exactly why this is a colossal failure. It is much worse than the ethanol scam that is not economically viable without massive tax subsidies. Think of the environmental impact of growing so much of a single crop that needs more and more herbicides, pesticides, and fertilizers needed year by year instead of using that land to grow any number of crops for human or animal consumption without the devastating effects of growing food for fuel.

[@Conceptsofaplan88]

Nobody wants ICE. High price, high insurance rate, toxic chemicals to the environment, expensive maintenance, and tons more problems!

[@jjl8511]

Check out the new BYD 5th gen DM-i hybrid car that has 1200 mile range

[@booferboof408]

Everybody wants an EV. Do your homework and you can score a great deal on one, regardless of manufacturer. Also, do even more homework and shop insurance rates, you’re bound to find one that fits your budget. And as for vehicle safety? You couldn’t be more far off. Know how I know all this? Proud Tesla owner here. Longtime user. I’d say, anyone who has an opinion as ignorant as yours, is a tad bit envious they don’t have one, or are too broke to afford anything outside an imported shitbox from the Ching Ching lands. Face it, you’re a poor. Just sayin.

[@pigboykool]

@@kananimiranda3376 Thx for sharing the experience. Wish you a better luck on your next car shopping!

[@isoranickerson1317]

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*@michaeltpintrades*

[@jamesmargarita3485]

It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church

[@jamesmargarita3485]

If you need his wh atsa p

[@fozzir]

The reason why Hertz failed in the EV space was simple. Business and pleasure users who are on their way to the airport to return their Tesla do not have 2 hours to charge before they return it. Requiring users to do that was a dumb idea from the beginning.

[@ImLivinSD]

Oooo so it had nothing to do with the High Maintenance Repair costs ? The ROI was not there as Tesla dropped the price screwing Herts and others over.

[@davidc2838]

Yep. Hertz went Bankrupt for a reason not too long ago. Time for them to get with the program and make it simple for people.

[@robertbauer3676]

@@ImLivinSD The reason you listed had nothing to do with maintenance costs. Indeed tesla dropping the price screwed Hertz's potential resale value for their fleet.

[@bladerunner556]

@@ImLivinSDIt wasn’t the maintenance cost, which is much lower on EVa. It was the repair costs because people damage rentals when they give few f*s about it.

[@duran9664]

❌ STOP THIS SCAM ❌ Give equal incentives to hydrogen cars or get rid of all the incentives 😡 NO MORE LIES😡

[@loriallen67]

Dealers are a huge part of the problem. They don’t want to sell BEVs because they can’t make money servicing them.

[@chrissmith2114]

Hertz and German giant Sixt just dumped their fleets of Tesla and Polestar ( Tesla went first ) due to unreliability, high repair costs and 'low residual values' ( massive depreciation ). They make decisions with their heads not their hearts...

[@ming12222]

@@chrissmith2114 not the full story , as you see the full hertz dumped Tesla with higher mileage yes which is a normal rental car practice this what the media don’t tell you . Only because Tesla and EVs generate clicks and engagement which means profit on advertising . Please do full informed research

[@mikehusky3967]

Lol. It cost more to maintain an EV than an ICE. Stop believing your stupid politicians

[@mikehusky3967]

​@@ming12222EV is a scam period. It does not save the planet. Where do you think ev gets their energy?

[@chrissmith2114]

@@ming12222 I thought EV were more reliable, cheaper to fix etc etc than ICE, and according to the EVangelists capable of much higher mileage than ICE vehicles - so why would the companies dump them for 'higher mileage'. Seems that Hertz and Sixt ( a very large German car rental company ) came to the conclusion that EV were more expensive to maintain, very costly to repair and suffered massive depreciation ( they called it 'very low residual value' ).. Looks like those companies made a business decision rather than trying to justify their expensive toy EV purchase.

[@jonathanf.9395]

Only in Corporate Media will they tell you EVs are too expensive then a minute later say Tesla slashed prices like it's a bad thing.

[@Alss383]

In a way it's bad because it made less profits for Tesla. They also don't make much money on the service side because almost everything is covered under warranty and very little is customer pay.

[@NovaPrincess]

@@Alss383So the truth is, nobody wants to keep an EV outside of warranty because they quickly become outdated, lemons, not to mention those replacement batteries can cause fires when the vehicle is parked and not in use. If Tesla only warrants an EV at 10 years, that means they know their car only lasts 10 years. Some people paid well over 100k for those cars that don't last even 10 yrs. So some spent 10k per year on a lemon vehicle. Meanwhile, a Toyota Prius might cost about 25-30k brand new and will last 20 years. Even if you add in maintenance that Prius doesn't cost more than 40k to last 20 years, 2k per year compared to 10k per year for those lemon Teslas. Why on Earth would someone buy a Tesla unless they're a dummy?

[@wvadam]

It's more because the media are against Elon and will take any jab they can.

[@wildmanofborneo]

​@@Alss383sounds perfect to me. Forces the company to make things reliable if they are on the hook to fix things.

[@XhectorX1417]

​​@@NovaPrincessyou're forgetting to include fuel costs. That alone would pay for the car itself. In addition, maintenance costs add up quickly as combustion cars age. A new motor and transmission can cost well over 10k, but most people don't keep their cars that long. 3 Years on average. A pruis also uses batteries with a 10 year expiration date IN ADDITION to all the regular maintenance costs of its combustion engine. You're paying 2x.

[@fernandop1]

*I’ll tell you why EV technology is bad:* 1. Charging times are too long. 2. Range between charges are too short. 3. Registration costs are too high. 4. Batteries have problems with cold and hot weather. 5. Batteries are extremely dangerous. 6. Expensive insurance policies/rates. 7. Tax credits are too low. 8. Prices are too high. Technology suppose to improve in most or in all areas, is not suppose to go backwards.

[@ronin_myaus]

TRUE....not when certain govts are mandating Ev policy by 2035...means no new ICE or diesel cars for sale....We still have 10 years left....

[@mikez6683]

Agreed. I still maintain that having the EV’s as an option for those people an EV makes sense for is great. Government mandates have gotten out of control though. It’s leftist group think just like the lockdowns a few years ago. The battery technology is great on a smaller scale. Virtually all of my power tools are battery powered. I am skeptical of the carbon impact in manufacturing and recycling of these tools and batteries. Weed eaters and mowers don’t have emissions equipment. I bet that those small reductions in carbon emissions on a large scale would have a greater impact on the environment than EV car mandates.

[@crazywildman]

1. Charging time too long? All you do is drive home from work then plug in. Next day you are ready to go again. But sure u drive to and from gas station weekly 15-20 weekly it's ok. 2. Range is something u think about when u go road trip which computer plans your route sure if u get ice vehicles u still stop for rest anyways. 3. Registration cost more because states deem ev cars not paying their fair share of road repair tax which u pay at gas stations. 4. Sure weather plays a part in range but you pay cheaper charging ur cars at home anyways. 5. Batteries are dangerous but so is flammable gas. 6. Insurance is expensive bcos every insurance is also expensive but u offset by not needing to maintain/ service your car 7. Tax credit is low because politicians are paid by gas lobbyist. 8. Expensive there are cheaper ev compared to compact Japanese or equivalent SUV.

[@Arclite02]

@@crazywildman And for the huge number of people who don't have a fancy garage to park and charge in?? I park on the STREET. I don't HAVE a charger to plug into. WTF am I supposed to do to charge the damned thing?? And how exactly am I supposed to stop and charge on a road trip... When there AREN'T ANY BLOODY CHARGERS IN MOST PLACES?!?

[@TheFavoriteColors]

Just a list of a whole bunch of excuses

[@craigb4516]

I would not typically watch anything by CNBC or MSNBC in the past but the CNBC 20 min consumer report videos are extremely well done and been enjoying all of the. Great job to the whole team that put these videos together. It shoes the hard work you put into these and thank you for being non bias.

[@PeeGeeThirteen]

As a city resident, you can't plug'em anywhere unless you have an indoor garage which is rare in the city

[@wendypierce5621]

Agree. It would’ve cost a fortune to retrofit my condo garage for EVs. Maybe we could’ve added one or two charging stations but that would be a recipe for conflict.

[@davidc2838]

Nonsense. There are EV chargers are Grocery Stores, Movie theaters, shopping malls and many other locations, including work locations and parking decks. Lived in a Major City for 17 years until just recently. This is FUD baloney.

[@Dfgbuiiyyyybb]

I live on a complex as well and there are no charging stations. The only place I’ve seen charging stations where I live is in a Walmart parking lot.

[@iceking2519]

@@davidc2838big cities get the updates faster

[@ThreeDogsTwoCatsAndAWife]

Densely populated, vertically structured NY CITY continues to have issues with charging. But they also have best(😂, kinda) public trans system. CA, the nations largest auto market flourishes with space, weather, and infrastructure for EV’s. This is a regional and infrastructure issue/advantage.

[@dskwared2u610]

Mercedes was dead last on Consumer Reports recent list of reliably. So they cost a lot, cost a lot to repair and are more likely to break down.

[@ryanwalters6184]

Its a luxury car. People don't care because it's under warranty. They care about looks and feel.

[@dskwared2u610]

@@ryanwalters6184 Of course they care. Why would you pay so much for the inconvenience of always having problems with a vehicle. Especially when they could purchase a Lexus hybrid alternative and virtually never have any problems. Rich people are also smart people and they don't just throw money away for no reason.

[@davidc2838]

@@dskwared2u610 No, actually plenty do throw money away...for prestige, Ego, etc. But Mercedes is having problems, so you are correct about their issues. They have a great brand but quality has been slipping recently.

[@spiffyh]

I came to that conclusion about 50 years ago when my father bought one. It was constantly in the shop getting fixed for one thing or another. But maybe it was just a lemon.

[@robertthomas9564]

Right! Modern Mercedes built in Alabama are crap! If you are going to by a Merc, get one built in Germany. The same way that Toyota's built in Japan are higher quality.

[@prometheus140]

TLDR: It’s too expensive to buy. Wish we can invest this time and effort into improving our public transit infrastructure and rail network

[@ryanwalters6184]

Why not both?

[@cmdrls212]

How does private vehicle sales have anything to do with that? Car manufacturers are not in the government hands, and public transportation has nothing to so with personal vehicle sales. If you want to ride a bus or train, that's a personal choice, not a government mandate

[@stephenbachmann1171]

@@cmdrls212adequate public transportation obviates the need for personal vehicles everywhere in the world including in the US of A. There’s your relationship.

[@davidc2838]

@@cmdrls212 The GOVERNMENT is in BIG OIL and Car Manufacturers hands...because they bribe the Politicians with SuperPACs and Campaign Donations to get their special interests paid out of the Government Tills.

[@Funktastico]

@@cmdrls212 $7.5k ev tax credit is from government/tax payer money. Less ppl will buy new car without the $7.5k rebate. $15 billion funding for battery & ev manufacturing. EV will costs more to build if without government subsidies, leading to higher prices and less buyers. More people willing to take bus/train and buying less cars if the public transport is built-out to convenient/on-time/cheap.

[@Raven74947]

The real problem is the cost of replacement batteries. I have a 24 year old truck with 240,000 miles on it, and it's still worth more than a Tesla with a worn out battery.

[@martinekstrom6303]

1% of batteries fail and there is a 120.000 miles warranty. That’s longer than average ICE cars lifetime. Today you can also refurbish a battery. It’s not a problem.

[@bonbonjovi4836]

Most people who buy new cars, including me do not keep their car for more than 5 to 6 years. Also, resale value is not a concern. Once you start making big boy money, I am sure you will do the same.

[@Raven74947]

@@bonbonjovi4836 I make enough money, and I have no debt.

[@skywarp8655]

@@martinekstrom6303And where do they dig rare earth for EV batteries?

[@skywarp8655]

@@bonbonjovi4836It's just feel good to have a fully paid Honda, and making 110,000K/year 😂😂😂😂 All extra money goes on top of the mortgage, which translate to lesser years of the signed mortgage contract. Just saying.

[@Erickruiz562]

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[@JimmyA.Alvarez]

Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my annual goal of 200k

[@JimmyA.Alvarez]

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[@josephsmith594]

You can call some complete stranger based on a comment thread on KZbin, then lose your life savings to a con artist.

[@DeannaMurray-zv]

It's a miracle and I would testify, 110k bucks every 2weeks! I now have a big mansion and can now afford anything and also support God's work and the church

[@audieo575]

I got quote from my Erie car insurance: 2023 Tesla Y Long Range is $1685/year….2024 Toyota RAV4 Prime Plugin Hybrid is $750/year

[@WasabiJohn]

Try Tesla's insurance... Shop around, that's what most ppl do...

[@gulfcitynd]

​@@WasabiJohnmost insurance companies besides Tesla insurance are not keen on ev because when they get do get in a wreck it's either impossible to repair or they just write it off due to parts not being available

[@WasabiJohn]

Well that's another plus for Tesla shareholders and myself... What will the insurance companies do as the ocean levels rise and the wild fires proliferate? Oh yeah, they'll not insure ppl...

[@gulfcitynd]

@@WasabiJohn I'll put this bluntly 30k to 100k for a ev with 300 miles claimed ranges which means in reality you have 250 miles range max that and not all of us can afford a ev

[@audieo575]

@@WasabiJohn Obama and Al Gore have oceanfront mansions

[@vapeking466]

Personally I find them too expensive and I don't want to wait at superchargers when traveling.

[@asullivan4047]

A good investment for city or county vehicles. That the employees travel with conducting business-!!!😉.

[@bonbonjovi4836]

Finding superchargers when traveling is terrible. Some are in weird spots making them really difficult to find.

[@Enriquecido316]

Just bought a model Y two months ago. Charge at home and Tesla supercharging is such a good combo, havent had the need to even upgrade my home charging yet and I do rideshare part time. Yes it does take 15-30 min to get a good decent amount of supercharge but the technology is only getting better!

[@JaeroLoL]

I got my Model Y a month ago too. I haven't gotten the home charger yet (the combo of portable charger + supercharger is great)

[@Glock20AK]

I don’t have a Tesla, but I do drive the Chevy bolt. The fast charging combined with using home charging to supplement works great. I drive 80-100 miles daily for work; my regular employment and my 1099 side job. I save about $500/month by not buying gas. I still have a Yukon for long drives, deep snow, extreme cold, etc. we live in Alaska.

[@lavib7870]

What am i doing here?😂 I don't even own a car😂😂😂

[@antonsmith9788]

Nothing wrong with being a Lookie Lou!

[@victorradu9645]

Renting a EV is very different from renting a ICE car. When you return the gas powered car you just stop at a nearby gas station and fill-up the tank to the level required. When you return the EV, you have to plan ahead on where and for how long you have to stop to charge the battery so you end up with the percentage of battery required to not pay the extra charges. Also you rent When you are away from home and without the home charging the price per kilometer may end up very close between EV and ICE, so you feel only the disadvantages of driving an EV

[@hogroamer260]

Exactly my experience! And half the chargers are very difficult. Even the guy at the dealership had issues!

[@XGlite015]

If EV prices are match or competitive with ICE vehicles, that would boost sales. If BYD vehicles entered the U.S. market, it would be a game changer.

[@devaughnj510]

As a life-long V8 muscle 💪🏾 car driver, I enjoyed renting a Telsa model 3 on a recent trip to Vegas. I drove around Vegas for five days and didn't have to worry about gas. Also, when returning it back to Hertz, they only charged $30 for the recharge fee. Honestly, I've been thinking about purchasing an EV lately.

[@sam8307]

You should I strongly recommend a model three or S or X performance? You will never miss a V8 again.

[@addanametocontinue]

You drove around Vegas for 5 days and didn't have to worry about gas because it's not a gas car, but it doesn't mean the range on these is any better or that you don't still have to worry about recharging the battery. You say it like the Tesla 3 had a range significantly longer than your average V8 and so you never had to recharge the thing.

[@joo02]

I just bought one cuz the price is good right now. For 41k after all the fees that’s pretty good for a model Y.

[@jefferrrson1x]

Definitely do it. Have a gas and an EV. Best prices rn for the model Y!

[@jefferrrson1x]

@@joo02just got mine too!

[@robertsquared2916]

Who the hell wants to spend 30 minutes in a Home Depot parking lot charging the car.

[@gbreslin6635]

Not you because you're down to 1km of range. Should have charged when you still had 100km.

[@jamesvandamme7786]

Who wants to go to a gas station and pay $$$ when you can charge overnight at home, taking ten seconds to plug in?

[@EarlCo]

​​@@jamesvandamme7786 that's twice as long as me! Way too long! Your charger not located right next to the charging port? 😂

[@jamesvandamme7786]

@@EarlCoHey, I'm 76, gimme a break

[@hogroamer260]

​@@jamesvandamme7786Guess you don't travel much. Total PITA!

[@cybertrade7908]

EV sales are NOT falling !!!

[@Knightmare919]

Finally someone gets it don't trust mainstream media because if EVs are not in demand then tell me why they want to ban Chinese EVs?

[@PhongNguyen-nz9kz]

The best selling car was an EV, beating out the Toyota Camry. Confusing…

[@huynguyentoantin]

you said 'was'

[@PhongNguyen-nz9kz]

@@huynguyentoantin yes, because 2024 is still early. Model Y was the most sold car in 2023 and it looks like they will surpass that of last year. January is usually the slowest but Tesla is still beating records. These ICE companies wants you to think EV are doing terrible but facts don’t care about feelings. Tesla is breaking records after records and they are the main EV maker.

[@Comexcyc849]

YES because toyota has to many variant for camry, just counting camry is not really fair, you need to count all the variation using different name in different country to make a fair comparison

[@Comexcyc849]

@@PhongNguyen-nz9kz Tesla is the biggest one and will be the first one to fail of course

[@Comexcyc849]

YES because toyota has to many variant for camry, just counting camry is not really fair, you need to count all the variation using different name in different country to make a fair comparison. Plus all these sales is based on the fact government is giving out so much money, it's a unfair condition in the first place, and tesla is already out for more than a decade, its market share is still pathetic. So does not compare it to an iphone or other truly revolutionary product to an tesla, it is not revolutionary and it is going to fail

[@creolerican]

REVISED TITLE of VIDEO: Legacy Auto EV & Startup EV sales numbers are falling! Inferior and non appealing products being the main cause. That said, Tesla EV sales grow year over year. #MoreAccurateTitle

[@JAM_2024]

Bingo

[@wisdoma4860]

FAKE NEWS, ALL INDUSTRIES WILL SLOW DOWN. PROBLEM IS NOW DAYS, WHEN EV SLOWED DOWN IN SALES, MEDIA COMES IN TO START A FEAR AND FAKE NEWS CAMPAGN. EV SALES WILL GO DOWN IN PRICE IN TIME WHEN MORE EV CHARGERS ARE AVAILABLE PERIOD. EDUCATED UNDERSTAND THE REALITY, UNEDUCATED PEOPLE LISTEN TO MEDIA TYPES AND BUY OR SELL WHEN MEDIA TELLS THEM TO. MEDIA CONTROLLS FOOLISH HUMANS BEHAVIOR. LOL.

[@joeking433]

Then why is Elon constantly cutting prices?

[@ocampbell1954]

@@joeking433 You cut price to scale. Elon is not trying to recreate Lamborgini (low volume and high margins of 26%), he's trying to create Toyota (high volume and good margins 9-10%).

[@Aki_Lesbrinco]

It's important to remember that Tesla had to cut all prices by significant amounts. They didn't do that out of the goodness of their hearts. They saw the market trends and reacted accordingly. If they didn't lower their prices they would probably be losing sales.

[@lankale2009]

Non Tesla EVs are slowing. Thats the story line

[@duran9664]

❌ STOP THIS SCAM ❌ Give equal incentives to hydrogen cars or get rid of all the incentives 😡 NO MORE LIES😡

[@jamesvandamme7786]

Bolt was discontinued. So what choices do we have? Super expensive crap.

[@matthewgodwin3050]

Everyone who wanted an EV, already has one, and most of those have already switched back to petrol and diesel vehicles. The vast majority of motorists, myself included, simply don't want one.

[@fabolousjada5070]

Lies im from nyc lol ICE cars are booming

[@martina5328]

The opposite is true. EV sales in China are up about 92% in March vs Februari. Teslas market share is decreasing as the Chinese cars are better. Look up NIO with battery swap. Tesla is 5+ years behind and spend less on R&D than the Chinese.

[@martina5328]

CNBC - the one responsible for this clip needs to be fired for being this missleading.

[@ossiespencer4982]

Meanwhile, in Florida, they use golf carts to go to Publix.

[@dillonshort5455]

It’s literally just the price 😐

[@jasondelarosa5457]

The only ev's available are luxury ones. The whole market is just more expensive and we are not making more money.

[@teflondawn]

not to mention it costs more to register and maintain registration on an electric vehicle. AND if you don’t have a garage, you’re already paying to charge the car when you’re out. might as well keep your gas burning vehicle

[@NomenClature-o8s]

No it’s not. EV’s only work well for people who own single family homes with the ability to charge at home.

[@davidc2838]

@@teflondawn Nonsense. It mostly only costs more to register in states with governments controlled by BIG OIL and BIG AUTO lobbyists that are fighting for ICE pollution and against EVs. Plenty of states way cheaper.

[@davidc2838]

@@NomenClature-o8s Nonsense. There's plenty of chargers at Grocery Stores, Shopping Malls, Movie Theaters, Restaurants, Work Places, Etc., Etc. This ia a FUD piece from a Channel that gets BIG Advertisement $$$$$ from BIG OIL and BIG AUTO.

[@zeke_da8519]

It's the cost. There are no low-cost EVs, and it is best if you have a home charging station as we'll, which most people don't have.

[@duran9664]

❌ STOP THIS SCAM ❌ Give equal incentives to hydrogen cars or get rid of all the incentives 😡 NO MORE LIES😡

[@ruthpicknell224]

U can just plug into your home power u don’t need a special charger.

[@Bicklehoff794]

We have one EV and just plug into the wall. It works if you drive less than 50 miles a day. I’ve used public charging about 7 times in 3 years.

[@samsung5181]

In a tight economy people are sticking to reliability + practicality = Toyota.

[@sat7755]

Well, considering that a decent EV has a far superior acceleration, is 3 times safer, 3 times more efficient than any version of Ice cars, and it cost 3 times less in running expenses, I find your opinion very far from the truth. I have been driving a Tesla for over 5 years and I know what I am talking about, with the OTA upgrades the car is as good as new in its performance numbers, maintenance costs are practically zero, except for tires and wiper blades, as the brake pads are still practically new, and battery degradation is just about 3% with over 50.000 miles on the odometer. Now I don't know many intelligent people that would prefer to buy an ICE contraption instead of a Tesla, in fact according to official figures ICE sales in all its configurations have been contracting for years already and destined to completely collapse as EV manufacturing will increase in time. Tesla has a giant presence of charging stations everywhere, if one doesn't charge it in the home grid. Right now it is very unwise to buy ICE cars as their value in the coming years will fast plummet to nothing.

[@BimmerBros]

Most people don’t want EVs, the ones that do want Teslas

[@karthikprabhu]

Very clear solution to this: Let BYD sells its cars manufactured in MExico sell directly in America, allowed as per Nafta accord. This will be bring great competition and make American cars manufacturers realize the end goal of all of this. They will stop coming up with sshiny objects and they too will launch 25K cars. That will solve everything!

[@asishreddy7729]

I thought America was a free market capitalist dreamland but they don’t allow Chinese cars to be sold there? The math doesn’t add up 😂

[@asajayunknown6290]

Americans have effectively shut down the entry/small car market. Example: the "success" of the Smart. Tiny EVs from BYD will not sell in volume here, ignoring the quality or where it's actually built.

[@GuyonthePhone]

No, Americans will buy the BYD crap and ignore the good stuff that costs slightly more. Most Americans would rather buy cheap Chinese junk, replace it frequently, and complain about it, without ever changing their behavior. They've been doing exactly that for years.

[@skf6199]

@@asishreddy7729America IS a free market capitalist dreamland. The capitalists have decided that dreaming is limited to only what they can make money on.

[@jaaklucas1329]

@@asishreddy7729 Auto pact=jobs. Jobs=votes. Votes=political will. Ironically these cars will be built by robots soon!

[@addanametocontinue]

Maintenance cost is cheap, until you damage the battery, then it's basically the price of a new car.

[@Aircam73]

Ya, I have this ICE car and maintenance was cheap until I damaged the drivetrain and now it is the same price of a new car. What a stupid comment to make. If you damage any new cars engine where you have to replace it you are looking at a minimum of $10K+. If you damage a battery you had to do something very bad because unlike regular ICE which leaves all their vital components exposed to the open air a battery will have a relatively thick piece of metal and composites protecting it from damage.

[@jiankunwu8222]

I’m having an EV for a month as my car is in auto shop. Honestly pretty awesome experience as an 100% on-site employee commute to Seaport Boston with company garage providing free charging stations. So far only paid 20 dollars for charging due to a weekend road trip. This is easily $200 per month saving not even taking consideration of maintenance saving if I eventually switch to an EV. This, however, doesn’t apply to most people around me as we almost all living in apartments/condo that has no or bare minimum charging stations, and not everyone is fortunate to have free parking in the city with free charging perk. So the population has greatest demand for EV: people commute in big cities, is also the population that faces infrastructure problems helping them getting an EV.

[@KP-xi4bj]

Tesla Supercharger Network: no garage for overnight charging? No problem.

[@doujinflip]

Luckily chargers are simpler to install because they lack all the HAZMAT requirements that gas stations need to satisfy. But there's still a lot of capital-intensive drilling and pipefitting to put in a charger, not to mention the energy storage and transmission upgrades that the government needs to help with.

[@davidc2838]

@@doujinflip WAY less than the cost of the Fossil Fuels Infrastructure to keep drilling incessantly and shipping OIL and gasoline LONG distances and refining it, while polluting the world.

[@NomenClature-o8s]

$200 per month savings? What kind of car were you driving?

[@NomenClature-o8s]

@@KP-xi4bj That’s nonsense. I live near a major metropolitan center. The nearest Supercharger is 17 miles away. Charging would be a 34 mile round trip which would take a minimum of an hour. That’s plain stupid.

[@scarffracker1918]

EVs will not hit mass adoption until you can buy an high quality new EV for $25,000 USD or less, there is a supercharger network as ubiquitous as current gas stations, charging from a low state of charge (like 10%) to full can be done in under 15 minutes, and you won't have to worry about your battery or electric motors wearing out until 200,000 miles or more. In other words, no mass adoption until EVs reach parity with ICE cars.

[@-.-_123]

I like my plug in hybrid. It's super low maintenance compared to my previous all gas vehicles. I never want to go back to all gas engine.

[@videomaniac108]

The purchase price is high, the cost to fix broken parts is high, the range is limited and recharging facilities are limited.

[@sailboatlighthouse]

Insurance, don't even ask😂

[@daftfan121]

And insurance is a straight up scam!

[@gpalmer456]

@@sailboatlighthousemy insurance dropped $200 a month even with adding a 3rd car and having a student driver.

[@jwstolk]

@@sailboatlighthouse I pay 58 euro/month for a new Tesla Model 3 LR. EV insurance is not expensive.

[@DrDoohickey]

Limited recharging facilities is the only accurate part of that statement. Even so, I was able to drive from FL to MI the dead of winter using only Electrify America stations. As for daily use, charging at home at night is about the easiest, most cost effective refueling experience you can have. You'll do it twice a week at most, at the cost of a few bucks. As for those other things, new technologies cost more until the market adjusts. EVs are statistically more reliable than ICE. Further, the public impression of higher repair costs is strongly linked to battery replacement, which is a truly rare necessity. Otherwise, repair costs are higher only because a third party market is not yet established. And all vehicles have limited range.

[@InnerFire6213]

For me personally they can show me an ev that’s most affordable, with the longest range ever and im still gonna be sceptical. It doesn’t make sense to have one where i live, charging would be a nightmare, and the repairability is pretty scammy, no one seems to want to deal with repairing any of these even though they say they’re less complex and less mechanical parts and all that. And the insurance people seem to say sucks to be you when you get in an accident in one of those and you end up with exorbitant cost

[@Bicklehoff794]

I’m an EV advocate and will admit this is an excellent point. It will be some time before the EV infrastructure becomes ubiquitous. Our family has 4 cars (teenagers) and one of them is an EV.

[@rickrutledge9363]

Tesla sales are up but all other e v manufacturer sales are down

[@jamesmir89]

“People are willing to accept an hour charge time on an EV than filling up an ICE.” Yea…

[@eduardoholanda9356]

I’m in love for my Tesla 😅. Less parts, no oil changes, etc. Charging home… nice trips, superchargers…

[@stuartsmith993]

Why are all these videos saying it take an hour to charge all EVs? I’ve never spent more than 30 minutes at any of the super chargers.

[@mikenicee]

Lol, ev sales for which companies? Every other company other than Tesla.

[@All-Miles-Matter]

CNBC recycling material now? Unsubscribe

[@RobPierce]

Exactly, I have seen this before!

[@corysher]

What limitations? I've had an EV for four years and there are ZERO limitations. What a joke.

[@rileygilles2736]

Full EV’s don’t help emissions. Hybrid the way currently.

[@audience2]

EV sales aren't falling. Sales of legacy manufacturers' EVs are falling.

[@DesFleay]

Pretty obvious why the GM, Toyota and Ford EV sales are falling, simply sub par EVs and the market recognizing this.

[@AR-rn8ok]

I leased a Chevy and Nissan Ev. They were tiny ugly cars with only 100 miles range. Only good for commuting. The teslas are completely different. Even if u hate them, I’d recommend test driving a model x or S just so you know the difference.

[@F0XRunner]

People buying new cars these days are all insane. The cars are so overpriced you are just throwing money in the trash.

[@skf6199]

That’s why many are now stuck with negative equity where their outstanding loan amount is higher than the value of the car.

[@MichaelDevlin-s8r]

Who wants to pay more for an inferior car? My Lexus LS 430 is 18 years old and still runs perfect. It is very inexpensive to fix and maintain.

[@carlitoxb110]

ok boomer

[@dmitrykim3096]

I think the tech is getting so much better so fast, its like with PC and phones, old phones are getting cheap not because they are bad but because new onea are so much better

[@meganix6287]

There is no need to wait for "better" battery technology. There is good technology already on the market and it will improve over time as it already has compared to five or ten years ago.

[@maickelwand9100]

20 years for an ICE vehicle is optimistic. You surely can keep it running, but the costs of repair will be so high that it is not economically profitable. The profits mr. Mercedes makes, comes for a large part, from you having your turbo changed, or your injectors or your gearbox. Lots of FUD in this video. EVs are great, infra is lagging behind in the US.

[@tycobandit]

Not if it’s a Toyota or Honda… in North America most ev owners came from the German brands which have relatively high maintenance costs. They’re just comparing it to what they’re used to.

[@maickelwand9100]

@@malfre45 you are absolutely right. But these are older and simpeler cars. Not the modern downsized emission focused cars. No EGR, no turbos etc

[@chrissmith2114]

I guess you have never owned a Japanese vehicle, sure German cars can be money pits, but not Japanese...

[@mediocreman2]

That just isn't true. I have a 24 year old Honda that has zero problems, I have a 31 year old Audi that I need to replace the clutch on, but otherwise has no issues. And you said 'economically profitable'. Since when is traditional car ownership profitable. Only a select few cars are actually profitable on resale. When people say they sold the car for more than they paid for it, the value of the dollar has usually decreased more than the 'profit' they made. Maybe you meant 'viable' instead?

[@maickelwand9100]

I did not mean the good old cars. I own an old Mazda and I know how good they are. I meant downsized, turbo charged cars that are built right now and that are complying to the euro 6 or 7 regulations. Expectations are that they are not going to last 20 years, at least not without significant costs.

[@misterscruffle]

Home electricity is so expensive now in California! Really no incentive anymore to get electric. Also insurance is astronomical for ev in California.

[@carlosnieves3291]

When I was stupid enough to want a Ford EV, i could not find one under $90k. I dont know who needs to hear this but $50-$60K is not affordable.

[@hopeworldstudio]

Naw, I know multiple family members who bought evs, and several more are in the market for evs. The issue is that in the next few years evs are gonna be even more amazing and hopefully more affordable so some people just might be waiting. I say but now and enjoy not having to go to the gas station!

[@Optimistprime.]

Yep. I agree. Plus I have a prius that has 3 to 5 years easily of useful life in. I'll be looking for an ev but not for a few more years and hopefully they will be cheaper and long range as well.

[@Prometheus20236]

Toyota & Honda hybrid , nothing else.

[@ArizonaPoet]

I don't like touch screen computers, and why should I like touchscreen controls in my car?

[@ecosby100]

No one is wants to pay 25k to replace a battery.

[@bobbrown8661]

Have to be nuts to buy an EV while the infrastructure is still lacking.

[@hopeworldstudio]

Not really, most people drive near their homes so if they have a home charger they're fine. lots of ev charging places around me ❤

[@KaiPonte]

Good video. I purchased an EV almost two years ago. I don't need another. My 81-year-old mom doesn't need an EV either. She could use a newer car but only drives like 2,000 miles a year. Why spend the money?

[@prasadbhojak]

I took a rental the Chevy Bolt at Chicago O’Hare and tried to charge it at 3 different networks including Tesla. It gave me so much anxiety and I returned the car right away to a regular ice car. The gas prices go up and down but they are still not crazy s, not much incentive and abolsute NO for long distance

[@jaxwylde2139]

Price premium is still too high, charging infrastructure is a joke, massive cold weather performance degradation, batteries catching on fire, and people who live in condos/apartments have limited (if any) charging options while at home. Until these issues are resolved ICE is here to stay. I'll keep driving standard gas vehicles until then, and will check back in 10 years.

[@Bicklehoff794]

Good points except fires.

[@matthewgodwin3050]

@@Bicklehoff794 So are you saying that the Felicity Ace and Fremantle Highway disasters didn't happen? Are you also saying that all those thousands of videos showing Teslas on fire didn't happen either? What about all those Tesla dealerships that were burnt to the ground? And those Tesla giga battery bank things that caught fire? And the rather large fire at a Tesla factory? And that EV cement truck in Australia that caught fire? And the several hundred EV busses around the world that have caught fire? And the many airport car parks that have burnt down around the world because of an EV going into thermal runaway? And all the homes that have been destroyed by an EV catching fire whilst on charge in the garage?

[@jaaklucas1329]

ICE cars have more fires then E cars,you can look it up. E fires are all the scooters, ebikes etc. that is unregulated.

[@jaxwylde2139]

​@@jaaklucas1329 That's fair. The ratio of E fires is much less than on ICE vehicles. Nonetheless, the rest of the issues, I mentioned, can't be argued (at least for me). A plug-in hybrid may be a good interim step (once price deltas with ICE vehicles becomes more reasonable).

[@jaaklucas1329]

@@jaxwylde2139 Agreed on the hybrids, tried and true technology after several years. The hybrid design I like is a bit different and emerging now is E vehicle with an onboard gas generator, an REEV. There are a couple out now. A pure electric drivetrain, which is so superior to ICE from an efficiency point of view which can charge the battery pack on the go. Redundant in my eyes personally though as we are going to see the cost of BEV come down and the range go up.But Im a realist. Id like to clean up the air that we breathe on this planet. Just from an enginnering aspect, I totally believe in electric vehicle tech. It's the future.

[@DrEd-th2lu]

I have 40 years of driving left. I will never purchase or drive any EV. V8’s or diesels is only for me…

[@danoles2k]

ok boomer!

[@DrEd-th2lu]

@ Gen X…. Math is fundamental.

[@jedi10101]

too much electronics, like digital dashboard & displays, i don't like that development.

[@ionpostica7061]

All I got from this video is that they desperately trying to say that EV ia the future and everyone wants them but no one(very few) buy them. They even contradict themselves: EV sales are falling and that is because Tesla is cuting prices and everyone is going to buy Tesla so logicly Tesla transactions should go up. Nop! Tesla transactions are failing by about 16%(as they said in the video). Clearly EV are crap(at this point).

[@lembkamb]

Yes, nbc works as a misinformation centre. This video doesnt tell the battery is prone to explode. It is heavier, and you have to replace the tyre more often than the ice counterpart.

[@ericw3517]

The standard for widespread adoption of EVs in the US is the ability to do a cross country roadtrip without range anxiety. No goofy detours to find working charging stations. Just smooth sailing convenience from sea to shining sea. Then I'll be interested.

[@LawrenceMarkFearon]

Tesla fanboys in the comments triggered by every EV video....🤡

[@dixonpinfold2582]

Beats being a Tesla hategirl.👸

[@siegmanted]

What are the best additions to a $600k portfolio to boost performance?. ETH is Up and will do better, I believe indicators, for profits will continue to improve, investors like me believe that "Santa has come early" to the markets...

[@edwudiy]

I think you're better off with majority investment in bitcoin and uprising equities because they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire.

[@siegmanted]

Wow, massive gains! My partner recently hinted at going the same direction.. What did you invest in?, and who is your investment advisor please?, if you don't mind me asking in dire need of asset allocation.

[@siegmanted]

Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals.

[@ghislainbourassa1906]

I bought a plasma tv for 10K in 90's and when i tried to sell it 2 years later, I could get only 500$ for. Was it a bad investment? No. It's not an investment, period. Same goes for cars (with the exception of collectibles). If the cost of a new Tesla is reduced by 20% every year, the cost of used Tesla will also go down by about the same percentage. Eventually, costs will stop to go down like it did for other commodities. It's not because EV depreciate faster than a regular ICE car. The cost goes down when production ramps-up. It's the same as any new technology. I'm surprised this was not mentioned in the video. At this point, it's an IQ test.

[@very_tall_dude]

Well, I appreciate your sacrifice so I could buy a cheap flat panel TV and save money

[@stivans1556]

I can't find a single reason to buy a full EV. PHEV is the way to go, no compromises.

[@fordresurrectionest9556]

Elon dropped the cost to make EVs to make EVs much more affordable for all buys.😅

[@bowez9]

Will EVs retain mileage like my 1990 F150 that with 600k miles still gets 22mpg (city and Hwy are the same). Means its gets over 600miles of range just as it did February 1990 when it rolled off the lot. With only wear items being replaced (clutches in transmission) while engine is as assembled in Cleveland in 1989.

[@impitt28]

Rebuilt engine and transmission alone has cost you over 6 grand. Fuel costs over 4k a year. Rare for a truck to be alive hat long.

[@bowez9]

@@impitt28 engine rebuilds cost ~$1200, transmission ~$2000. For the engine in my truck 1 million miles without a needed rebuild is common. So yes it is common for the truck to go 600k miles for those that chose to keep what they have. Energy costs for an EV aren't zero and if going to a charger they are more expensive than diesel or 93 octane let alone 87 and take significantly longer (so there is even am additional time cost)

[@robmcguckin7605]

The reason why I have zero interest in an EV is because I don't like government trying to shove things down my throat.

[@jaaklucas1329]

The whole point is to clean the air we breath. If you dont believe thats a problem then just carry on.

[@robmcguckin7605]

@@jaaklucas1329 I look at the entire picture not just emissions. Strip mining for rare earth minerals is 100 times worse than oil exploration and EV's need electricity to charge their batteries. How do you think this is generated?

[@jaaklucas1329]

@@robmcguckin7605 Here in B.C.we have hydro. The cost of renewables today there is really no excuse for anyplace in the world to not have clean electrical generation. I dont mind nuclear either.

[@stevenjm12]

Hertz dumped its Teslas

[@FrostyAUT]

Because they were stupid. Bought em at the height of the car price bubble and didn't see the obvious signs pointing towards residual values normalizing. How ANY vehicle sales/lease company could assume that residual values were going to stay at such inflated levels when the cause for these high levels (shortage of new cars) has completely disappeared is beyond me. It was a simple matter of supply and demand.

[@hocaslocas]

I am waiting to buy my EV because the price war thta Tesla started. I am holding until the best prices. It seems the T M Y at $36k after rebates seems to be a very good deal

[@Mr.Torres-Mr.Towers]

Let’s all be honest we all want new vehicles regardless of gas or electric but not at those prices.

[@mediocreman2]

Hertz shot themselves in the foot with their requirement for the cars to be charged when returned. Especially when the charging station isn't close enough to the Hertz, so no matter how conscientious you are, you will still have to pay absurd fees to get them topped off by Hertz. They should have given renters a credit if they came back mostly charged, instead of dinging the renters.

[@MatchaCocoaDog]

Oh CNBC, classic mouthpiece for oil industry. Sales for many things are falling b/c the economy is in deep trouble.

[@Rlf1221]

I just purchased my new Tesla with a 1.99 and took advantage of both solar and EV federal incentive. It’s a win win.

[@adewirasanjaya]

instead of studying and innovating with the most abundant source in the world, WATER, these companies choose ELECTRICITY. Crazy.

[@Phills69]

Cool. I still want a Rivian real bad.

[@MichaelDevlin-s8r]

EVs make no sense. A hybrid doesn’t need a giant battery and save tons of fuel. Our government pushing EVs is dumb.

[@danoles2k]

just bought my first EV and couldn't be happier, dealership had a great deal on buying an EV ($16,000 instant rebate). I live in Portland so there are a fair amount of charging stations throughout the city. and I get a year of charging for free! Done with gas, and the maintenance of ICE vehicles after blowing a second transmission in 3 years!

[@fordresurrectionest9556]

Tesla has addressed Rang anxiety through the Super Charger network, and you can charger at home. Waking up to a "full tank" ready to drive.😂😂

[@lvc394]

I didn’t like renting an EV and having to return it with 70% charge on the battery. I think it would be better to make it 30% considering the hassle of finding a charging station. I don’t know if I would rent one again.

[@tommay7735]

Hybrid is the future. Hertz dumping thousands of EVs.

[@A.A.707]

If you can’t do it yourself, buy a cool Chinese hybrid car like the L9, you’ll be very surprised by overall quality, 10l/100km, 500+ h/p. Just skip those german expensive crap.

[@RichardSmith-dj2th]

A great article...........for TESLA😁

[@sumdude4281]

As someone in finance and who owns a Tesla I will say, A Dealers are incentivized to not sell EVs and to downplay them. They make over half of their revenue not from the sales of cars but from the servicing. B. I own a Tesla and have had no issues for a year. Zero. My longest trip is 180 miles one way or 360 miles round trip. I've made the trip twice and both time I charged at a Tesla charging station in 15 mins once. I used the bathroom and watched Netflix on my Tesla T.V. consul. Again no issue. My only issue was the INSURANCE expense. The non-Tesla charging stations are giving EV's a bad name as they rarely work and are no faster than plugging into your house.

[@kce6025]

Teslas have finally become affordable. I’m buying one.

[@geforce1231]

The lady at the MB dealership is an dealership employee pretending to be a customer ;)

[@SirCliffy]

My time is valuable. I can fill my car up in five minutes and get so much done rather than sit in my car at a charging station. Also, all these people with EV's will be stranded when the government shuts down the grid.

[@EfficientRVer]

If your time is valuable, save yourself a trip to the gas station, and charge at home. True, if you don't own a home or work/part somewhere with charging, maybe an EV isn't right for you yet. If "the government shuts down the grid" you are DEFINITELY not going to be able to buy gasoline. But you COULD EASILY charge your EV at home using off-grid solar. Many people already do that, it's not pie in the sky dreaming.

[@XKS99]

If you can charge at home EVs are better than ICE for everything but road trips to the sticks. The only barrier is price.

[@AR-rn8ok]

Evs are great for road trips up to 300 miles. Road trips longer than 300 miles, the gas car may be better until ev charge speeds increase. But I only road trip twice a year. The other 363 days the ev is better, cheaper, and if it’s a tesla it drives itself and I avoid the commute stress.

[@robertjones8050]

Bring Nio to the States .

[@franki3Ru550]

This is so stupid..a lot of people actually like electric cars

[@SofiyaTeterina]

I look forward to more videos and tips from you. They always contain a lot of interesting and useful information. Thanks for your work.