Close Chinese cars are falling apart 0 they trick you into buying them because initially you think they're amazing and the actual problem with electric cars is there isn't enough minerals on Earth there's never going to be an infrastructure powerful enough and big enough to charge them the world needs to go to hydrogen powered cars
Problem with the Chinese electric cars that I'm seeing on the internet when you search for it is they don't have any parts available and they are actually junk and he keeps saying they're good but he has no idea 💡 then you have to talk about the slave labor made to mine the minerals which there isn't enough
@@sunrisejak2709 just Google it yourself. First result: “It's not just the US: according to the International Energy Agency, fossil fuel handouts hit a global high of $1 trillion in 2022 - the same year Big Oil pulled in a record $4 trillion of income. In the United States, by some estimates taxpayers pay about $20 billion dollars every year to the fossil fuel industry.May 3, 2023 www.budget.senate.gov › press SEN. WHITEHOUSE ON FOSSIL FUEL SUBSIDIES”
Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
Doug is wrong at 7:15 China absolutely subsidieses their electric cars; $3k per vehicle, plus sales tax exempt, plus huge amount if government purchasing to guarantee sales, etc, hundreds of billions dumped into the industry over the past 15 year.
2 things needed to spur greater EV adoption in the US. 1. make them cheaper, have good budget options around 25k 2. invest HEAVILY into charging infrastructure
Ridiculous to say that a $7500 incentive explains the six figures the super rich were paying for the Cybertruck and Hummer. None of them were getting the incentive. The Lucid is also not eligible for the incentive. The Mach-e is not eligible and is selling well.
Mach- E is not selling well, those number are inflated by rental sales. The ford Mach-e has a 284 day inventory, which means they have a significant surplus. I currently sell Hondas and Honda is also inflating the sales volume of the Prologue. Both cars are selling but not at a sustainable rate.
Model S Performance with lifetime supercharging IS THE BEST DEAL IN THE AUTOMOTIVE WORLD - absolutely INSANELY GREAT and sub 20k for low mile examples sub 3s to 60, huge hatchback design, camping mode, AWD, and pretty luxe especially with the KILLER factory stereo with sub. I'm a car guy, lots of BMWs and Porsches, and I love mine!
I just got a red 2021 Tesla model three still smells brand new with white interior and ppf film. It has 28,000 miles and looks flawless. It has every option including the winter package and was only $28,500. I have been driving a Challenger scatpack for the last eight years and sold that to pay this Tesla off in full. I couldn’t believe how cheap it was. I like it way better than the Dodge.
Luxury ICE vehicles depreciate a lot also. With ICE vehicles, the poor reliability and expensive repairs becomes a ticking time bomb and hurts the retail value. It’s why people often prefer to lease a Mercedes rather than hold on to it for a long time.
You already can if you qualify for ev rebates, IRS has used ev rebates and for both combined $8k off, I got my model 3 dual motor for $17k a year ago, not probably can get one for $15k after incentives.
If the tax credit goes away the used Tesla market will go up not down. The main reason the deprecation is so high right now is two fold. 1. the Tax credits. 2. The price to build and sell has come down due to plant processes and battery cost dropping causing the used prices to take a hit.
If I had the magic wand, I'd focus on recharging. People don't have range anxiety, they have recharging anxiety. We need chargers to be so fast, so common, and so reliable that it's barely worse than pumping gas. Current charging (with the exception of Tesla superchargers) is abysmal.
Biden's Build Back better plan does have subsidies that are meant to help accelerate the development of EV infrastructure; it just took so long to get passed, and so long for grants to be dispersed, bidding, etc. If Trump doesn't gut it, infrastructure should improve.
Only Tesla has the EV scale to survive the incentiveless environment. Others have too few volume and too many models. Tesla has big factories focusing on just a few popular models.
just bought a 2023 Nissan leaf for $19,500 afer the $4K used EV credit. fun car, very inexpensive to operate, and I wasn't able to find a comparable gas car for under $23K.
I think that condos and apartments should be encouraged to provide charging. We in Canada have a $5000 incentive which we appreciate. Our dollar is 70 cents on the American. I think $7500 is way too extravagant.
I paid 13k (after used EV credit) otd on a Chevy Bolt a few weeks ago with 25k miles. The battery pack was recently replaced due to a recall, so I basically have a brand new car!
I have 3 different cars and one of them is a Model S Plaid. Got it for 68K Dec 2023. Damn good car. Very reliable, really only have to potentially worry about tires and brakes and that'll take years
Actually there are incentives in China for EVs. When you buy a car in china you have to get a permit. Depending on where you live it could take an exteremely long time and hassle. The Chinese govt said if you buy a EV, there is no permit requirements. Not saying that was the only or even main driver for high EV sales but it was definately an important factor.
@@EuropeAfricaTripthere are superchargers everywhere. Road trip the Tesla all the time. It's easier and more convenient than gas stations at this point.
Graham, I just placed an order for a brand new Model 3, my name is Waleed, and I used your referral code. ☺️ will pick up the car next week. Been a fan of the channel for a while and couldn’t think of anyone better to use, so I used yours. 🤝
So many people complain about range and charging taking a while at these charging stations... but the thing these people don't realize is you can start every day with a full "tank". It's very likely you would only have to use a charging station outside your home a handful of times per year. The rest of the time you charge it at home while you sleep and wake up with a full battery. Unless you're doing a long trip, or have a day where you are gonna drive hundreds of miles, then you should never have to use an external charger. Just plug it in at home and every day you can go right to work or school or wherever and not have to stop at the gas station on the way.
Exactly this. Once in a blue moon I need to supercharge and it thats 15min. The rest of the time is fully charged, ready to go in the morning, and with solar its free!
You are right but you are skipping out on a lot of drivers that live in apartments. I would've considered leasing an EV or bought something used if I had a charger at my apartment building.
@ that’s a great point that slipped my mind. I guess my mind goes to a certain type of person when I think of people that hate on electric cars. Usually dudes, over 30, probably lean conservative, or they are car guys with garage setups lol. Either way, typically older guys that are likely to have a house. But you’re absolutely right. In an apartment situation, the best you could maybe do is trickle charge with a standard outlet and an extension cord if you could park close to the building. Which wouldn’t be enough to fully charge every day in most instances.
You clearly live in a bubble. The mere fact you assume that everyone owns a home and has a garage is proof of that bubble. “It slipped my mind” of course it did because you live in a bubble 😂😂
I agree letting capitalism sort it out would be ideal but that would mean stopping the massive subsidies to the oil industry which would immediately spike the price of gas. That would drive a LOT of EV sales, as the math would be far more favorable but it would hurt anyone who can't shell out the cash to get an EV. So just saying let capitalism sort it out is not a workable solution as it causes far too much short term pain for those with the least amount of money.
We weren't really looking at EV, but here in Colorado you were able to walk into a Hyundai dealership and before any negotiations, we had $22.5k off the price of a new Ioniq 5 because of state and federal tax incentives. Two year lease, plus free DC charging for the entire lease, was a no brainer.
China requires a (auction or lottery based) permit to buy/license an ice Car in some cities has a purchase tax on ice cars, has a trade in incentive to switch to EVs and other incentives.
This is the typical ignorant conversation you find in the US. American consumers are the most ignorant, that’s why they don’t buy EV’s, and this is an ignorant conversation because the only reason EV’s aren’t cheap is because the government places ridiculous tariffs on them. If the free market were allowed to work, the American auto industry would be non existent today!!
Incentives are only a small part of the EV story. The big reason so many automakers went full steam into building and developing EVs comes down to Tesla's valuation. Other auto makers saw Tesla multiples and wanted a seat at the table.
We're spending over $300 billion in tax payer dollars just to cap all the abadoned, leaking oil wells throughout the country. Subsidizing EV's is like pennies compared to that. Literally.
It costs over 20,000 dollars to buy a license plate to legally drive in China if it is an ICE vehicle, and there is a long wait to even be allowed to purchase license plate. The 20 k is waved, and no wait if it is an EV.
In Finland the cheapest Tesla Model S Plaid with 35 000km/21 700 ish miles is currently at 90 000€/92700$. Starting price for that car is 134 000€/138 000$. So at that price it is still too expensive but at 55 000€ they would sell like crazy here. 😅
The Chinese EV industry is heavily subsidized by their government. BYD alone has received close to $4 billion in government subsidies. They're not cheap over there because of free market capitalism.
This is funny. As a dealer let me tell you the best EV to buy is...none. Values are not crashing, they are continuing what they have done from day one. Teslas have some used market but everything else is 20 cents on the dollar at 18 months. Market analysis expects most EV's to be effectively valueless in another two years. "Luxury" EV's will see the worst loss. If you really intend to never sell it, and junk it when the battery dies, maybe. Otherwise you are looking at near 100% loss at future trade-in. Before any of you try and argue, if there was money to be made in EV's I'd be buying them. Makes no difference to me what people drive as long as I make a profit. That said, the EV market is so bad I would genuinely have to think twice if you offered to give me one.
Just bought a 2021 Model S Plaid from Tesla, one owner clean title, blue with cream interior, 21" arachnids and 37k miles for $52k. It's an incredible car for that price.
I just purchased a 2021 Model S Plaid, 28k miles, gray with cream interior, 19 inch wheels for 55,400. If you don’t mind me asking, what were the insurance quotes you received first the vehicle. I was quoted $650 and I’m now uncertain if I should take delivery.
@karread3589 I have Progressive, and the Plaid is $159 per month for full coverage including glass, gap coverage, $60 per day rental car coverage, $1000 deductible, and $100,000/$300,000 coverage. That's with multi car, zero accidents, paperless and auto payment discounts.
China doesn't want any Oil dependence. Coal plants powering EV's = Energy Independence. And as a bonus they get to sell the world battery components and solar panels. And destroy the Auto industry worldwide, while becoming the dominant car manufacturing country. They are playing the long game.
I got a 25 Lucid Air 2 weeks ago. They were offering a bunch of discounts plus on a lease they pass on the 7500 credit regardless on income. Like Doug said too good to pass up.
@ also i advise leasing a EV especially a non tesla or big automaker. Because if they go bankrupt like Fiskar you won’t be sol and could possibly keep ur lucid for free
We could solve this issue by allowing Chinese tech and cars into the United States. The downside is that most legacy auto manufacturers won't be able to compete. Not even Toyota will be safe.
I sorta have the same problem with my Chrysler Pacifica Minivan. Even my local mechanic told me some parts he has to order directly from Chrysler. I'm not sure how much longer Chrysler will be around - most likely will merge or be acquired in the next 10 years.
There are no mandates. Incentives, yes, but no federal mandates. One of the issues for US manufacturers is that the world is moving to BEV. China, the EU, and Australia are all moving that way. When the world market disappears for new ICE cars, are Ford, GM, and Stellantis going to be so far behind that they all die?
I disagree. There may be some issues locally where the infrastructure is capped out and needs more transmission lines (SoCal, NYC, etc) but if the grid is so fragile we can't run an extra 6-12KW per house a few hours a night it means we don't have the ability to build new homes, industry, commerce, etc. Hell, it means that if another 10% of homes and apartments added central air we'd be screwed.
You guys all have to understand that ALL new technologies all cost way more than they should at the start. It has NOTHING to do with incentives. The first cell phones were over $4,000 in the 80's, so more like 8 or $10,000 in today's money. The first flat panel TV's were $25,000 around the year 2000. The first automobiles were all over $100,000 in today's money.
What a lot of folks forget is that the first automobiles were very unreliable (even songs written about that fact), road network didn't exist yet, and there were no gas stations. It was literally just a hobby toy for the rich - very impractical. ICE vehicles have had 120 years to mature and evolve, EVs will follow a similar path but much faster.
@JasonTaylor-po5xc Correct. Today's people no clue how much worse and rougher that was and how much worse the FUD was for the automobile then. EV's are already on par, and even better, than ICE vehicles today on many levels and instances. Their costs are dropping rapidly, because they are cheaper to build with so many fewer parts, (roughly 30,000 vs 2,000). There are DC Fast chargers everywhere and 3 to 4 new stations are completing their builds each week. Yet, the FUD continues.
A Chinese EV is probably going to be similar to a Chinese sofa, 10-20% smaller than the average American is used too. The difference seems small but it’s a difference you’re going to notice. The ergonomics of 10-20% smaller don’t work for my big, American hands where the off switch on things falls inconveniently, right underneath my thumb. But less resources used translates to a cheaper price, so it’s a tradeoff, I s’pose.
Let’s be honest; Those rich snobs and everyone else who wanted an EV has already bought one so even though their prices have reduced the past 2 years, the rest of the public isn’t really interested due to the lack of charging infrastructure and inconvenience like people living in apartments.
Teslas are not nearly as cheap as they are making it sound. The Tesla Plaid referenced on Cars & Bids is an old model 2021. 2022 and newer are easily in the 80k ballpark. There's even an old 2021 plaid that is $116k.
I think the range anxiety and infrastructure problem is the biggest hurdle to adoption. Tesla, for example, cannot roll-out as many super charges to equal something close to the density of gas stations until the demand is there...but the demand isn't there because of the lack of infrastructure. Chicken and the egg problem. I guess the Biden administration was supposed to support the scaling of EV charging but produced what like a few charging stations with billions of dollars?? Just completely squandered / embezzled the money. Either way, I think EVs (looking at TESLA) can overcome the demand hurdle via autonomy. Anecdotally, I hear more people talking about FSD (particularly v13) and getting interested in TESLA products based on the autonomy value proposition alone.
The difference with China adopting EVs versus the US I see (someone who hasn't been to the US) is that China's car culture is different; The average household in major cities do not drive their car often, they have infinitely more reliable public transportation which they can rely on for their day to day and crossing certain provinces requires paperwork, additionally, getting a license plates is literally a gamble (for ICE cars); The private vehicle in China for the most case are nothing more than status symbols. Compared to most of the US which having a car is basically a neccessity, range and charging infrastructure is definitely going to be a factor most Americans. Also China has heavy tax subsidy not only for their buyers (espacially when it comes to getting said number plates), but also their automakers who are heavily incetivised by the state as part of its Made-In-China-2025 campaign, far more than Biden's. Plus the usual, lax(er) regulatory systems, lower working wages and a one-upmanship mentality the society has heavily contribute to its dirt-cheap EVs coming out nearly every week. EVs are a great car for certain lifestyles mostly if your private vehicle is not your main mode of transport. or your are privilaged enough to have a private parking with your private wall chargers, or you have a 2nd ICE car. But for the most of us who have neither some or all the top, EVs looks like its being forced upon us by overly EV elitist and out-of-touch politicians. Doug really needs to travel outside of US and europe for a while, his opinions is very US-centric.
USA oil = Subsidy = profit = lobby = politics..........USA is wearing forced blinders due to oil industry while rest of the world is progressing with tech and ground infrastructure to hopefully make a dent in climate problems. Tariffs will hurt us in the long run.
"they're more reliable" (as almost every EV maker struggles with lots of software glitches "they're cheaper to own" (as the very podcast we are watching is about them being the fastest depreciating cars you can own)
EVs are not cheap to make. The are actually more labor intensive if you take the making and recycling of the battery pack into consideration. Chinese EVs are cheaper because of the cheaper labor costs.
I drive for free now every month since my Tesla is paid for and I have free overnight charging with Tesla energy. Piss and moan all you want but you can't beat free transportation. What ice car can give you that? Not to mention I never have to go to a gas station.
Doug, you cannot use the Hummer EV as an example of anything in the used EV market. That vehicle made no sense in any regard from the jump. There are points to be made, but that is not one.
tinyurl.com/ICHDougDemuro
Close Chinese cars are falling apart 0 they trick you into buying them because initially you think they're amazing and the actual problem with electric cars is there isn't enough minerals on Earth there's never going to be an infrastructure powerful enough and big enough to charge them the world needs to go to hydrogen powered cars
Problem with the Chinese electric cars that I'm seeing on the internet when you search for it is they don't have any parts available and they are actually junk and he keeps saying they're good but he has no idea 💡 then you have to talk about the slave labor made to mine the minerals which there isn't enough
Oil is still heavly subsitized in the US.
Examples please on the oil industry subsidies.
@@sunrisejak2709 just Google it yourself. First result: “It's not just the US: according to the International Energy Agency, fossil fuel handouts hit a global high of $1 trillion in 2022 - the same year Big Oil pulled in a record $4 trillion of income. In the United States, by some estimates taxpayers pay about $20 billion dollars every year to the fossil fuel industry.May 3, 2023
www.budget.senate.gov › press
SEN. WHITEHOUSE ON FOSSIL FUEL SUBSIDIES”
@@sunrisejak2709
20 billion
en.wikipedia.org/wiki/Fossil_fuel_subsidies#Subsidies_by_country
www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs
www.budget.senate.gov/chairman/newsroom/press/sen-whitehouse-on-fossil-fuel-subsidies-we-are-subsidizing-the-danger-
I just bought a 2021 Plaid S w/ 17k miles for 62k OTD from Tesla with their warranty extended and FSD.
I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.
wow this awesome I'm 47 and have been looking for ways to be successful, please how??
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
Doug saying that the free market should decide. When gasoline is heavily subsidized. Oil companies get billions in subsidies
Maybe he feels the same about oil companies... I do.
Doug is wrong at 7:15 China absolutely subsidieses their electric cars; $3k per vehicle, plus sales tax exempt, plus huge amount if government purchasing to guarantee sales, etc, hundreds of billions dumped into the industry over the past 15 year.
The government should not subsidize oil!
2 things needed to spur greater EV adoption in the US.
1. make them cheaper, have good budget options around 25k
2. invest HEAVILY into charging infrastructure
For real. Polestar 2s fully loaded with minimal miles are going for under $30K.
@@LoveStallion the cup holders bug me . #1st world problems
Holy shit, you're not wrong. Doesn't help that they're kinda ugly,, too.
Take a look at the PS3 leases, bonkers if u get the costco rebate too
There is a 2024 dual motor in Jersey for $29,900. Certified used, too. Incredible.
Ridiculous to say that a $7500 incentive explains the six figures the super rich were paying for the Cybertruck and Hummer. None of them were getting the incentive. The Lucid is also not eligible for the incentive. The Mach-e is not eligible and is selling well.
Are you conveniently ognoring the fact that many non ev's are six figures, such as the Wagoneer?
Mach- E is not selling well, those number are inflated by rental sales. The ford Mach-e has a 284 day inventory, which means they have a significant surplus. I currently sell Hondas and Honda is also inflating the sales volume of the Prologue. Both cars are selling but not at a sustainable rate.
Model S Performance with lifetime supercharging IS THE BEST DEAL IN THE AUTOMOTIVE WORLD - absolutely INSANELY GREAT and sub 20k for low mile examples
sub 3s to 60, huge hatchback design, camping mode, AWD, and pretty luxe especially with the KILLER factory stereo with sub.
I'm a car guy, lots of BMWs and Porsches, and I love mine!
i thought they got rid of lifetime supercharging?
@@BillyHeanyjust came back only if you buy a new Tesla model S
i got my '22 ioniq 5 only $20k w 12k miles! love it with sunnypilot!
Fucking deal.
You don't even have to wait until the polar ice caps have melted, just look at what's happening to LA right now.
I just got a red 2021 Tesla model three still smells brand new with white interior and ppf film. It has 28,000 miles and looks flawless. It has every option including the winter package and was only $28,500. I have been driving a Challenger scatpack for the last eight years and sold that to pay this Tesla off in full. I couldn’t believe how cheap it was. I like it way better than the Dodge.
Luxury ICE vehicles depreciate a lot also. With ICE vehicles, the poor reliability and expensive repairs becomes a ticking time bomb and hurts the retail value. It’s why people often prefer to lease a Mercedes rather than hold on to it for a long time.
Seeing Doug with a beard like this definitely caught me off guard
I know I think he looks like he needs a shower
Got my first model 3 awd 2022 with 35k miles for $26,000. I love it. Almost at 50k miles now🤦🏾♂️😂
Picked up a '22 Model Y Performance with 33k miles for $30k from Teslas used inventory.
When the Model 3 hits $13k next year on the used-market, I’ll grab one
You already can if you qualify for ev rebates, IRS has used ev rebates and for both combined $8k off, I got my model 3 dual motor for $17k a year ago, not probably can get one for $15k after incentives.
If the tax credit goes away the used Tesla market will go up not down. The main reason the deprecation is so high right now is two fold. 1. the Tax credits. 2. The price to build and sell has come down due to plant processes and battery cost dropping causing the used prices to take a hit.
If I had the magic wand, I'd focus on recharging. People don't have range anxiety, they have recharging anxiety. We need chargers to be so fast, so common, and so reliable that it's barely worse than pumping gas. Current charging (with the exception of Tesla superchargers) is abysmal.
Biden's Build Back better plan does have subsidies that are meant to help accelerate the development of EV infrastructure; it just took so long to get passed, and so long for grants to be dispersed, bidding, etc. If Trump doesn't gut it, infrastructure should improve.
that is not the reason evs don't sell 🤦♂
@all-caps3927 Why don't they sell? I wish Doug would actually answer that question.
Yea even if it were like two mile per hour charge rate at the grocery store would be nice. Unfortunately, most grids can’t support the volume so..
EV’s don’t sell because people don’t know anything about them. This country is just rampant disinformation and lies about EV’s everywhere.
Just bought a 2021 model y long range with 33K miles for 26k like a month ago 😅 they are not lying about a great time to buy
Model Y refresh is coming. It's them selling inventory before that. This month incoming.
@@bbk3078 and I ain't made at it 🤣
Only Tesla has the EV scale to survive the incentiveless environment. Others have too few volume and too many models. Tesla has big factories focusing on just a few popular models.
Elon has been very vocal that he doesn’t want government incentives.
Tesla is the only non-Chinese EV maker that will survive
You're right, that's why Elon wants tax incentives abolished. It kills off his competition in the EV market.
Yeap. Tesla exhausted the original EV incentives back in 2018 (200k units) so all sales after that were without any federal incentives until recently.
@@JasonTaylor-po5xcIt’s similar to how Amazon made the most of the time period when online companies were not required to collect local sales tax.
just bought a 2023 Nissan leaf for $19,500 afer the $4K used EV credit. fun car, very inexpensive to operate, and I wasn't able to find a comparable gas car for under $23K.
not free u basically steal from tax payers. I hate ev people so much
@@bs7090 how did you find the deal ?
@@UniversityTours nissan dealership near my house! they are everywhere at this price
@@bs7090 what’s the warranty for used EV ?
@@UniversityTours nissan certified is 100K miles or 7 years
I think that condos and apartments should be encouraged to provide charging. We in Canada have a $5000 incentive which we appreciate. Our dollar is 70 cents on the American. I think $7500 is way too extravagant.
I paid 13k (after used EV credit) otd on a Chevy Bolt a few weeks ago with 25k miles. The battery pack was recently replaced due to a recall, so I basically have a brand new car!
Great deal
Please, please stay off the 350kW chargers when there are other lower kW chargers free.😊
@@RUSE321 freaking awesome damn
@@RUSE321 where did you find the deal?
Steal!
I have 3 different cars and one of them is a Model S Plaid. Got it for 68K Dec 2023. Damn good car. Very reliable, really only have to potentially worry about tires and brakes and that'll take years
@@tornatic1983 where did you go to find good deals ?
Got used 2018 80k mi Tesla model 3 dual motor performance for $17k after incentives, $8k off.
Actually there are incentives in China for EVs. When you buy a car in china you have to get a permit. Depending on where you live it could take an exteremely long time and hassle. The Chinese govt said if you buy a EV, there is no permit requirements. Not saying that was the only or even main driver for high EV sales but it was definately an important factor.
In AMERICA we should not have the government forcing such decisions.
You guys are missing a big part of the proposition - ample, reliable charging infrastructure!
There is plenty and Tesla brings more online every week. SCs are within 150 miles or less of eachother.
If you don’t take road trips & can charge at home it won’t be an issue anywhere in the country
@@EuropeAfricaTripthere are superchargers everywhere. Road trip the Tesla all the time. It's easier and more convenient than gas stations at this point.
Graham, I just placed an order for a brand new Model 3, my name is Waleed, and I used your referral code. ☺️ will pick up the car next week. Been a fan of the channel for a while and couldn’t think of anyone better to use, so I used yours. 🤝
The bots are out today! 😂
Haha I was like is going on with these comments hahaha
And we are coming for you BLEEP BLOOP!
75k out the door. Model y performance. Bought sept. 22’
yikes
So many people complain about range and charging taking a while at these charging stations... but the thing these people don't realize is you can start every day with a full "tank". It's very likely you would only have to use a charging station outside your home a handful of times per year. The rest of the time you charge it at home while you sleep and wake up with a full battery. Unless you're doing a long trip, or have a day where you are gonna drive hundreds of miles, then you should never have to use an external charger. Just plug it in at home and every day you can go right to work or school or wherever and not have to stop at the gas station on the way.
Exactly this. Once in a blue moon I need to supercharge and it thats 15min. The rest of the time is fully charged, ready to go in the morning, and with solar its free!
@@clarkwilson2670 Exactly! that's the goal right there. solar plus electric vehicle... you're sitting pretty. that should be everyone's goal lol.
You are right but you are skipping out on a lot of drivers that live in apartments.
I would've considered leasing an EV or bought something used if I had a charger at my apartment building.
@ that’s a great point that slipped my mind.
I guess my mind goes to a certain type of person when I think of people that hate on electric cars. Usually dudes, over 30, probably lean conservative, or they are car guys with garage setups lol. Either way, typically older guys that are likely to have a house.
But you’re absolutely right. In an apartment situation, the best you could maybe do is trickle charge with a standard outlet and an extension cord if you could park close to the building. Which wouldn’t be enough to fully charge every day in most instances.
You clearly live in a bubble. The mere fact you assume that everyone owns a home and has a garage is proof of that bubble. “It slipped my mind” of course it did because you live in a bubble 😂😂
Theres more supply then demand now. Its already happening with the cybertruck
I'm waiting a few more weeks to see what happens with the Cadillac Lyriq
I agree letting capitalism sort it out would be ideal but that would mean stopping the massive subsidies to the oil industry which would immediately spike the price of gas. That would drive a LOT of EV sales, as the math would be far more favorable but it would hurt anyone who can't shell out the cash to get an EV. So just saying let capitalism sort it out is not a workable solution as it causes far too much short term pain for those with the least amount of money.
We weren't really looking at EV, but here in Colorado you were able to walk into a Hyundai dealership and before any negotiations, we had $22.5k off the price of a new Ioniq 5 because of state and federal tax incentives. Two year lease, plus free DC charging for the entire lease, was a no brainer.
Got the same deal on Jersey and living my 5!!
You can get a used Tesla Model 3 Long Range Dual Motor for under $20,000 all day long.
Yea fuxk no. Dealing with tesla I can imagine being like becoming a kafka character
China requires a (auction or lottery based) permit to buy/license an ice Car in some cities has a purchase tax on ice cars, has a trade in incentive to switch to EVs and other incentives.
This is the typical ignorant conversation you find in the US. American consumers are the most ignorant, that’s why they don’t buy EV’s, and this is an ignorant conversation because the only reason EV’s aren’t cheap is because the government places ridiculous tariffs on them. If the free market were allowed to work, the American auto industry would be non existent today!!
Incentives are only a small part of the EV story. The big reason so many automakers went full steam into building and developing EVs comes down to Tesla's valuation. Other auto makers saw Tesla multiples and wanted a seat at the table.
Governments should never subsidize the purchase of cars.
They should continue to subsidize oil companies and military contractors!😂😂
Government subsidizes all major industries! Oil, gas, farming, steel.
We're spending over $300 billion in tax payer dollars just to cap all the abadoned, leaking oil wells throughout the country. Subsidizing EV's is like pennies compared to that. Literally.
@
Let them know brother!
They should start with getting rid of subsidies to the oil companies
I got a 21 M3 LR with 20K miles and FSD for 30K OTD. Waiting for the EV crash was awesome for me.
I just got a 2025 M3 LR with FSD, uncharged wheels and paint for $34k OTD
@ that’s amazing where did you state incentives?
It costs over 20,000 dollars to buy a license plate to legally drive in China if it is an ICE vehicle, and there is a long wait to even be allowed to purchase license plate. The 20 k is waved, and no wait if it is an EV.
The western world is naive to how China actually works. They just assume it's pure capitalism which is about as far from truth as you can get.
I also got my Model 3 in August of 2023 then boom lmao the price change happened
In Finland the cheapest Tesla Model S Plaid with 35 000km/21 700 ish miles is currently at 90 000€/92700$. Starting price for that car is 134 000€/138 000$. So at that price it is still too expensive but at 55 000€ they would sell like crazy here. 😅
The Chinese EV industry is heavily subsidized by their government. BYD alone has received close to $4 billion in government subsidies. They're not cheap over there because of free market capitalism.
This is funny. As a dealer let me tell you the best EV to buy is...none. Values are not crashing, they are continuing what they have done from day one. Teslas have some used market but everything else is 20 cents on the dollar at 18 months. Market analysis expects most EV's to be effectively valueless in another two years. "Luxury" EV's will see the worst loss. If you really intend to never sell it, and junk it when the battery dies, maybe. Otherwise you are looking at near 100% loss at future trade-in.
Before any of you try and argue, if there was money to be made in EV's I'd be buying them. Makes no difference to me what people drive as long as I make a profit. That said, the EV market is so bad I would genuinely have to think twice if you offered to give me one.
Look at Tesla they won't sell anyone the parts to repair, so person regardless of skill (or garage) can not easily get those parts
Just bought a 2021 Model S Plaid from Tesla, one owner clean title, blue with cream interior, 21" arachnids and 37k miles for $52k. It's an incredible car for that price.
I just purchased a 2021 Model S Plaid, 28k miles, gray with cream interior, 19 inch wheels for 55,400. If you don’t mind me asking, what were the insurance quotes you received first the vehicle. I was quoted $650 and I’m now uncertain if I should take delivery.
@karread3589 I have Progressive, and the Plaid is $159 per month for full coverage including glass, gap coverage, $60 per day rental car coverage, $1000 deductible, and $100,000/$300,000 coverage. That's with multi car, zero accidents, paperless and auto payment discounts.
@ last question, how many miles do you average annually.
@karread3589 Around 12k, The Tesla is primarily a work commuter. I have an SUV that gets driven as well.
Lucid Air is solid. You can’t go wrong.
The Chinese government directly and heavily subsidizes EVs, both for manufacturers and consumers.
China doesn't want any Oil dependence. Coal plants powering EV's = Energy Independence. And as a bonus they get to sell the world battery components and solar panels. And destroy the Auto industry worldwide, while becoming the dominant car manufacturing country. They are playing the long game.
Either way, they are getting ahead of us. The real problem is the battery tech, they are ahead of us on that now.
I would drive a 1980 f350 forever before I ever consider an EV. No computers, no driving Nannie’s and tons of reliability.
The EV market was, and will always be a great example of liberal utopia: a subsidy ending away from total collapse.
That Tesla Model S Plaid for 55K$ shown on the video was just highest bid, not sold for that price 😄
I bought a brand new 2024 Tesla Model Y for $34K total.
Can’t wait to buy the Gravity 50% off lol
I got a 25 Lucid Air 2 weeks ago. They were offering a bunch of discounts plus on a lease they pass on the 7500 credit regardless on income. Like Doug said too good to pass up.
@@IStoreGas Can't wait to get my Gravity.. ima get a used one for sure
@ gravity just started delivering. You have to wait a while for a used one probably.
@ also i advise leasing a EV especially a non tesla or big automaker. Because if they go bankrupt like Fiskar you won’t be sol and could possibly keep ur lucid for free
@@IStoreGas what happen to the warranty when you buy it used?
We could solve this issue by allowing Chinese tech and cars into the United States. The downside is that most legacy auto manufacturers won't be able to compete. Not even Toyota will be safe.
Hahaha... BOT. No thank you. You're obviously not concerned with national security.
NO, we don’t need to become even more dependent on Communist China!
Chinese evs would be so cheap with no tariffs and so unreliable and so unsafe and no dealers to repair them so yeah
They are safer than Tesla's 😅
@@klishee9 tru 🤣🤣👌👌
Practicality speaks loud with the numbers.
If I had a magic wand, I'd make a battery that can hold 1000kwh/kg and is as cheap/expensive as the current batteries.
China has subsidies for the manufacturer and free licence for the car which is expensive
7:15 …you are mistaken it will NOT bring prices down, it will just increase profit margins for manufacturers.
I always put off buying RV because the next generation of battery is always just around the corner.
I would buy one if I knew the battery wouldn't degrade over 6-8 years rendering the car mechanically totaled.
All batteries degrade. 10% loss at 100K Miles and 20% loss at 200K miles is the well documented "bad normal" end of the curve.
Did he just say EVs are more RELIABLE?!😂
Try getting service on a Tesla......oh and good luck with parts and insurance😃
HOW DO YOU GET THE PARTS?!? Cost is only one part of the equation, if these companies go under you are left with junk
I sorta have the same problem with my Chrysler Pacifica Minivan. Even my local mechanic told me some parts he has to order directly from Chrysler. I'm not sure how much longer Chrysler will be around - most likely will merge or be acquired in the next 10 years.
@@JasonTaylor-po5xcChrysler part of Dodge and is owned for years by stelantis (fiat). So I guess don't worry about that argument.
End the mandates and all of this will sort itself out
Same with oil and gas let the better tech win
There are no mandates. Incentives, yes, but no federal mandates.
One of the issues for US manufacturers is that the world is moving to BEV. China, the EU, and Australia are all moving that way. When the world market disappears for new ICE cars, are Ford, GM, and Stellantis going to be so far behind that they all die?
Genesis g80 ev less than 5k miles half price that’s crazy
You should look at the price of Chinese EVs.
Reposted video?
I’m not buying anything right now. I wait until it’s at least 30 years old (due to budgetary reasons lmao)
i got a 2021 M3 SR+ with 15,000 for 22,500 and a 4000 tax incentive. I thought it was a great deal.
Don’t forget about the ELECTRICAL GRID!
I disagree. There may be some issues locally where the infrastructure is capped out and needs more transmission lines (SoCal, NYC, etc) but if the grid is so fragile we can't run an extra 6-12KW per house a few hours a night it means we don't have the ability to build new homes, industry, commerce, etc. Hell, it means that if another 10% of homes and apartments added central air we'd be screwed.
@ Then we’re SCREWED!
Because people are not educated about EVs, their demand is artificially lowered because stubborn people don't buy EV.
how about Auto Makers make affordable EV and not worry about any incentives, just a thought
You mean a reasonably sized sedan without a bunch of dumb features?
How can we stop the scammers spamming on the comments?
Downvote to oblivion
Adaxum is building something special. Secured my ADX tokens during the presale phase!
You guys all have to understand that ALL new technologies all cost way more than they should at the start. It has NOTHING to do with incentives.
The first cell phones were over $4,000 in the 80's, so more like 8 or $10,000 in today's money.
The first flat panel TV's were $25,000 around the year 2000.
The first automobiles were all over $100,000 in today's money.
What a lot of folks forget is that the first automobiles were very unreliable (even songs written about that fact), road network didn't exist yet, and there were no gas stations. It was literally just a hobby toy for the rich - very impractical. ICE vehicles have had 120 years to mature and evolve, EVs will follow a similar path but much faster.
@JasonTaylor-po5xc Correct. Today's people no clue how much worse and rougher that was and how much worse the FUD was for the automobile then. EV's are already on par, and even better, than ICE vehicles today on many levels and instances. Their costs are dropping rapidly, because they are cheaper to build with so many fewer parts, (roughly 30,000 vs 2,000). There are DC Fast chargers everywhere and 3 to 4 new stations are completing their builds each week. Yet, the FUD continues.
Adaxum’s presale is a golden opportunity. Grabbed my ADX tokens just in time!
The other thing driving down prices is first adopters are all but saturated at the same time that greater choice is hitting the market.
Ha, more reliable cheaper to own, ha, tell that to the insurance companies
They are tho
A Chinese EV is probably going to be similar to a Chinese sofa, 10-20% smaller than the average American is used too. The difference seems small but it’s a difference you’re going to notice. The ergonomics of 10-20% smaller don’t work for my big, American hands where the off switch on things falls inconveniently, right underneath my thumb. But less resources used translates to a cheaper price, so it’s a tradeoff, I s’pose.
Let’s be honest; Those rich snobs and everyone else who wanted an EV has already bought one so even though their prices have reduced the past 2 years, the rest of the public isn’t really interested due to the lack of charging infrastructure and inconvenience like people living in apartments.
Lucid Air Grand Touring - not even close.
No subsidies plus no tariffs and everybody would be driving Chinese cars in 3-5 years time
22 model 3 long range for 20k out the door. 50k miles black on white. just couldnt say no.
I got a 23 model three long range for 20 K out the door with only 8000 miles on it.
I got a 24 model 3 long range AWD for 20k out the door with 4k miles
@ actually you didn’t. See here’s the thing I wasn’t trolling and you clearly are.
I got brand new 2025 Model 3 for $1,000 and next day I received $8,000 check from Tesla.
Teslas are not nearly as cheap as they are making it sound. The Tesla Plaid referenced on Cars & Bids is an old model 2021. 2022 and newer are easily in the 80k ballpark. There's even an old 2021 plaid that is $116k.
RIVIAN R1S…amazing SUV. Barely depreciating. Barely.
I think the range anxiety and infrastructure problem is the biggest hurdle to adoption. Tesla, for example, cannot roll-out as many super charges to equal something close to the density of gas stations until the demand is there...but the demand isn't there because of the lack of infrastructure. Chicken and the egg problem. I guess the Biden administration was supposed to support the scaling of EV charging but produced what like a few charging stations with billions of dollars?? Just completely squandered / embezzled the money. Either way, I think EVs (looking at TESLA) can overcome the demand hurdle via autonomy. Anecdotally, I hear more people talking about FSD (particularly v13) and getting interested in TESLA products based on the autonomy value proposition alone.
Capitalism isn’t going to solve global warming. 5:42 Hope your home isn’t on fire in SoCal.
The difference with China adopting EVs versus the US I see (someone who hasn't been to the US) is that China's car culture is different; The average household in major cities do not drive their car often, they have infinitely more reliable public transportation which they can rely on for their day to day and crossing certain provinces requires paperwork, additionally, getting a license plates is literally a gamble (for ICE cars); The private vehicle in China for the most case are nothing more than status symbols. Compared to most of the US which having a car is basically a neccessity, range and charging infrastructure is definitely going to be a factor most Americans.
Also China has heavy tax subsidy not only for their buyers (espacially when it comes to getting said number plates), but also their automakers who are heavily incetivised by the state as part of its Made-In-China-2025 campaign, far more than Biden's. Plus the usual, lax(er) regulatory systems, lower working wages and a one-upmanship mentality the society has heavily contribute to its dirt-cheap EVs coming out nearly every week.
EVs are a great car for certain lifestyles mostly if your private vehicle is not your main mode of transport. or your are privilaged enough to have a private parking with your private wall chargers, or you have a 2nd ICE car. But for the most of us who have neither some or all the top, EVs looks like its being forced upon us by overly EV elitist and out-of-touch politicians.
Doug really needs to travel outside of US and europe for a while, his opinions is very US-centric.
GM lyriq Lt 23k 😮
USA oil = Subsidy = profit = lobby = politics..........USA is wearing forced blinders due to oil industry while rest of the world is progressing with tech and ground infrastructure to hopefully make a dent in climate problems. Tariffs will hurt us in the long run.
..the polar ice caps are gonna melt anyway, dougy.. we're coming out of an ice age.. anything we can do about it.
"they're more reliable" (as almost every EV maker struggles with lots of software glitches "they're cheaper to own" (as the very podcast we are watching is about them being the fastest depreciating cars you can own)
EVs are not cheap to make. The are actually more labor intensive if you take the making and recycling of the battery pack into consideration. Chinese EVs are cheaper because of the cheaper labor costs.
I drive for free now every month since my Tesla is paid for and I have free overnight charging with Tesla energy. Piss and moan all you want but you can't beat free transportation. What ice car can give you that? Not to mention I never have to go to a gas station.
How much did your free driving cost?
Doug, you cannot use the Hummer EV as an example of anything in the used EV market. That vehicle made no sense in any regard from the jump. There are points to be made, but that is not one.
hate all you want, but at some point, they will become a very impelling when they become super cheap. but there's still some distance still to go.