@@seannewman5391 My winter driver is 14 years and still has it's original range, fuels up in 2 minutes, even when it's well below freezing. My summer driver is 50 years old and still has it's original range and fuels up in about 2 minutes also. Just a hint at why EVs depreciate so much faster than normal cars.
@SteveLomas-k6k EVs depreciate in some cases because the tech is moving fast. An ICE car three years newer than another isn't much better, but an EV 3 years newer than another is much better. Its nothing inherent to EVs. Besides it will settle down in the coming years when EVs are cheaper than ICE cars. Just see Goldman Sachs predictions on battery prices halfing by 2026. Everything changes.
Mix 'em up, shuffle 'em round, knock £10,000 off here, know £20,000 off there, spin 'em any which way you like: I still don't want a white elephant EV.
@@Andy-e8n7g Yes I'm expecting to be assaulted by coercive financial measures from our authoritarian rulers, but Hey the Americans voted Kamala Biden out so there is still hope of reality returning some time.
I live in a terraced house, on street parking, no way to charge an ev, the street lights are all 12 feet up the wall on the houses. I can never see a point where driving an ev would be possible not that I would actually want one in the first place!
That’s an infrastructure issue not an EV issue. King Charles hobby town Poundbury, has NO on street parking allowed, residents have to fork £58 per month to use the ‘community parking space’. Another example of short term planning in the UK..
It doesn't matter, though, does it? You will still be able to drive a petrol car till at least 2045 if you want, ssuming sales stop in 2030. And in 20 years time who knows what things will look like? In 1900 people had to buy petrol from pharmacies and frequently it wasn't the right stuff. With the technology of the day this meant a practical range of around 50 miles. In 1919 the first pumped petrol station opened. Four years later there were 7000 pumps in Great Britain.
The truth is with economic factors there is now an over supply of vehicles in the U.K., ev’s, vans, ice, bikes etc you name it. The used vehicle market is stagnant, no one’s buying because of cost of living. I’ve never seen it this bad. It’s fantastic if you are buying, there are some bargains out there.
The big unforseen twist in the car market is that young people in increasing numbers no longer want to drive cars (for a number of factors). This reduction in demand will only get worse. Only those who want us all on bikes will be pleased.
One thing people don't realise when you do these price drop vids, this isn't normal depreciation, like driving your car away and it worth less a year later. These cars are NOT MOVING! They are not adding any miles on. If anyone can show me 100 mile diesel cars that drop 31% in a year without adding any miles, I will be gobsmacked
There are " 4" factors ( discard milage) which "Devalue motor vehicles" . Reg. Plates / Time since registered / Demand for vehicle. / Over supply EVs Fit the bill on all points . Been Registered / Dumped in storage (Time) / No Demand for them. / To many for market .
@@mikewhitehead50from where? The thing is, with EVs it’s across the board, it’s every manufacturer, not a few specific examples stated as a personal anecdote. There is no doubt, it is not fiction, EVs are depreciating at unsustainable levels. In a nutshell, most people do not want an EV, the few that do already have them or can’t afford them.
I agree, Autotrader is shit with the new format, unusable and highly irritating. I used to enjoy browsing on there, I hate it now. Clearly got some good DEI training going on at that company.
When a battery replacement costs less than the worth of the vehicle after a 10 year period... Once this threshold is broken, then EV's make sense. However, right now, the scandal is the amount of wasted energy/resources/co2 that go into making the car and battery and for the life span to be reduced to insurance and replacement costs..
Your probably already there, or close to, with Tesla model S, and they didn't make many of those. They've made loads of model 3s and Ys though. I expect the cost of replacing the battery pack on a 10 year old model 3 to be well under its value.
According to Volvo's own figures, 70.000 is the milage that an EV becomes carbon neutral. But then you'll have the electricity generated by gas powered station to consider.
@EbenBransome but how long before the renewable becomes carbon neutral? Noth in windmills are recyclable and takes barrels of oil for maintenance. Solar can't take wind and hail storms much less a hurricane
@@jon-kp2rq Your local library may point you in the direction of remedial English classes. Has it occurred to you that people of limited literacy being anti-EV may not project the image you want?
The trouble is, we know business and fleet make up a huge proportion of sales. In this situation, EV’s really are a no-brainer most of the time. Much like a BMW 320d once was. The problem is that there was always a market for used diesel BMW’s etc, but not so much for Tesla’s or Leaf’s. Add in the ZEV mandate components and it’s a recipe for disaster.
California is currently having a blast disposing of all of its abandoned EVs and home energy storage batteries due to the additional delayed hazards and potential toxic smoke releases they pose. Wonder if that will make them rethink the wisdom of having large batteries everywhere as the environment itself becomes more hostile to batteries in general.
I can imagine the dealers despair, not selling after more than a year - discounted to eye watering levels. What’s the repression on new cars as a result. Not sustainable at all - £4.5bn annually. They are all going to go broke. Maybe that’s the WEF plan. 15 min cities…
You can get a used EV for less than 3 grand, but you can't get one that can do more than 50 miles on a full charge, and a new battery costs ten times the value of the vehicle itself.
The common theme of huge discounts across all different brands of EV highlights very clearly that nobody wants them - it's that simple. You don't buy a Loti or a Ferrari to get an electric SUV you buy them to get a nimble sports car or for a screaming V12. The presentation of Auto Trader now is shocking. Give me that 5L Mustang!🙂
Don't let the EVangelists tell you that EVs are in short supply because they're selling out. Have a look at Portbury Dock in Bristol. There's 'millions' of new unsold EVs being stored there. You can see them from the Flyover. The numbers are staggering.
Autotrader used to be a great 'browse' - The new format is crap and everything that was easy is now a click or a refresh further away. As to the prices of EV's - the lower they go the better, like a washer or tumble dryer, for any buyer who considers EVd 'white goods'. ie When it breaks just get another...
An EV requires more barrels of oil to be consume during in its production process than any ICE vehicle, Barrie, nearer to 60,000 miles at the minimum. See Michael P Mills Skagen Fondene lecture about the impossibility of a Net Zero transition just on mining grounds alone.
Does a highly reputable company like Warranty Holdings offer battery policy's yet?....I've been gone from UK for quite a long time but I remember these being absolute pirates.....maybe late 90s early 2000s I changed a lot of timing belts on ex BT grey vans....for a guy....he just gave 3 months warranty from own pocket...25 years gone by in a moment😂😂😂
Would never have one with current batteries, mileage not good enough, especially second hand ones the mileage reduces. The Insurance is high, any bump may cause a major safety issue.
in 2019 there was a battery conversion 32k euro - for Messerschmitt Kr200 1960 classics 3 wheel bubble cars, never caught on went back to Sachs 2 stroke.
I tick all the right boxes as someone who should consider buying an EV. When I can buy a very nice one for less than £3000 which looks a good bet for at least another 5 years I may even think about doing so. Why should I care if someone else losses over £100,000 providing me with an almost new top of the range motor for almost bugger all? To be honest I have become bored with worrying about what idiots do with their own money. Look after number one, I say. I will never understand why even rich people like myself spend more than £4000 on a motor, but I thank the Lord that they do every time my Merc starts up. I must have slept off or something because new car prices seem to have mysteriously grown an extra zero without me noticing. Every time I spend my 4 grand which is not at all often, the quality of the car keeps getting better and its longevity longer.
Would be interesting if you put ice vehicles with less than 1000 miles into Autotrader to see how many come up and how long they've been on sale for and if they've been discounted?
True but the government aren’t forcing manufacturers to sell ice cars at a loss, it’s because of EVs having to be pre registered en masse that ICE car residuals are falling too to compete, 95% of cars for sale on autotrader are ice and we still don’t know how many pre registered EVs are hidden away as they seem to be being released on to the market at 3,6,9,12,15,18,21, and 24 month old in dribs and drabs, you can now buy delivery mileage 2 year old EVs directly from the manufacturers,
It’s like anything electrical. Try buying a brand new iPhone for £1000, don’t open the box and try selling it 2 years later , willing to bet you won’t get more than £500. Same for these cars - they upgrade the battery or motor on the latest model and no one wants the old one.
I had my first experience driving an EV this week, my 911 was in for warranty work and they gave me a new EV Macan I am what I would term a full on car/motorbike fanatic What are my thoughts, I actually really quite liked it, drove remarkably well, fast, handled well, comfortable and nice cruising around towns in silence Would I own one, absolutely not, the depreciation stories I have seen and heard would make me run a mile I noticed this loan car was also listed on Autotrader, it has 2,000 miles on, is a fairly base model with lots of options and is priced at nearly £90,000 I honestly could not comprehend the price, new car prices are utterly madness, especially EV’s as you know ultimately it will be worthless in years to come
You have summed up probably most peoples reluctance, the EV experience is a remarkable drive, but I could not sink my own money into such an uncertainty looking at the real world used market. I , unlike the very small number's of adopters that are buying them, cannot justify the loss. I will stick with hybrids for the time.
@@limitedmark It's getting to the point where a used Taycan is very considerable because of that very reason. I can basically buy a Taycan for the price of a crap BMW and cost way less to run than something of equal performance.
@ You could easily, there will be a point that they will hit rock bottom and you wont lose too much, its then just the upkeep . Flip side is If the car does go tits up, you are at the hands of the main dealer, this being Porsche. ouch! But the bright side is there wont be an issue and you have a great car that sum idiot took all the pain for. Win
@roydevans Just as Barrie often does, it's easy to cherry pick good and bad examples for both EVs and ICE. These are early and difficult days for the decarbonisation of transport. EVs will be cheaper than ICE sooner than you think and depreciation will do its coming and going as it normally does with any new technology.
@@ridbanner1407 Same when I saw the Smart ForTwo in 1999/2000. It should have been the car to solve everyone's transportation needs - from teenagers to grannies. Cheap to run, cheap insurance, easy to park, low maintenance costs and easily customiseable by the owner. Then when it launched it was more than a regular small sized car! Somebody somewhere knobbled Smart.
I hope it all goes breasts up for the whole net zero agenda, because let's face it, not many other countries are bothering, just seems like the UK is becoming the sacrificial lamb.
Not sure about that. VW are in Chinese vehicle manufacture’s cross hairs. The company is carrying more debt than it’s overall worth. The Chinese are building assembly plants in Poland and Hungary avoiding any tariffs. The CEO of BYD has said there will be a blood bath and most legacy companies will go bankrupt. Leaving 5-7 main companies in the market. None will build ICE vehicles
@@shreeshsaurya4203 Why? The factory will require millions to upgrade and the potential labour costs will be prohibitive. Much cheaper to build assembly plants in Poland and Hungary. Any investment will be a fraction of what VW currently has..
None of these are EVs I would ever consider buying, they all have some major downside that keeps them off the list. Air cooled batteries (obsolete tech), high price for a brand that your fellow bankers won't recognise, or one just not associated with expensive cars. And then there are things like the Taycan or the Q8, bought by people who usually obsess over noise, or capacity of the engine, or position on a model pecking order. In my experience there are three basic types of Porsche buyer: the German who does high Autobahn mileage (one guy I encountered was commuting 50 000 miles a year), the engineer, and the status freak. The first group won't buy a Taycan because it doesn't do what they need, the second group won't because they can't maintain it themselves, and the third group live in a world in which all their friends sneer at EVs anyway. That leaves the people with lots of money who buy one for the experience and then discover that once you've played with all the bits it just becomes normal. And those people don't buy second hand. I did see a 2015 Leaf on the road this morning but most of it was Hyundais, MGs, BMWs and the odd Mokka, with one Model 3 from 2019. All practical company cars.
This shows the facts and figures in the real world NOT someone’s silly little irrelevant spread sheet, however, more significantly it shows that despite offering these substantial price reductions and huge quantities of available vehicles there is STILL no interest to purchase. Manufacturers cannot blindly continue producing hopelessly unsaleable vehicles . . . there will be a day of reckoning and it will hurt. Remember - These price reductions are on NEW vehicles, therefore, USED vehicle values can only plummet almost into oblivion at this rate.
Are folk off their rockers paying £15k down and then paying £1250 per month for 48 months ... Then not even owning it at the end 😂😆😂 Crazy folk. I'll keep my old car and go on 4 luxury holidays a year thanks ⚠️
im losing the will to live! back in the day autotrader was a must read the magazine on a thursday with proper cars capris cortinas astra gtes etc etc now its like watching paint dry and even if i was buying a car ? but im not you might as well stick a pin anywhere on any car as they all look the same i.e bland and horrible. sad times we live in
Far too many horror stories about dead batteries and owners left with massive bills to replace them. No thanks. If the engine blows on my 18 year old Volvo I'll buy another one for 2k quid. Normal people don't have 40k to drop on a new car
This is only a "Percentage" of the EV UNSALEABLE/ UNWANTED LEMONS . How many are NOT on AUTOTRADER . Who has Money in all these cars which are eating it !!. Who has Money in the Airfields Full Of Pre Reg. Sombody come up with a answer / name ??.
@kevinmoffatt Add the " THOUSANDS " Cluttering up Rotterdam, Antwerp. This whole EV Adventure is out of control , when you look at the full picture. NOT the selective bits the evangelistors want to see.
@kevinmoffatt Fair coment plausable with the Idiots we have as agovernment. BUT " If" they got 25% there is still a Huge figure remaining to finance . Somwhere there is a lot of Red Ink been covered up and getting worse . What is the name in the V5 of all this Pre Reg . ???.
@mikewhitehead50 I think the carbon neutral calculation requires you to estimate the number of miles you have to travel in order to equal the co2 expended in the CONSTRUCTION of the car.
@mikewhitehead50 Yes, the climate change nartsees don't account for the beneficial effect of CO2 on plant life. Fossil fuels all resulted from plant life.
@@Dungshoveleux carbon neutral with cars isn’t a thing. Carbon equal in terms of EV vs ICE can be though. An EV has to drive a certain number of clean miles before construction co2 plus driving co2 is equal to ICE construction and driving co2. How many miles depends on who you ask. It varies a lot.
Barrie, you have obviously been doing it all wrong your whole life! The way to sell cars (and presumably anything else) is to drop the price dramatically as the demand goes through the roof, who would have thought? Am I missing something here?
When the goverment removes the oil and gas company subsidy via Tax breaks no-one will be able to afford to run an internal combustion engine vehicle. People need to get over the 'need' to buy a new car every couple of years. The ban on new ICE sales (in only 1810 days) will sort out the issue and then the dealers and manufactures will need to make a living selling 'old' or pre-owned cars IF no-one wants an EV!
I would not buy one it is just a waist of money.know that people want pay anything for second hand one especially with not knowing how long the battery will last
At no point can I ever imagine an EV being the right choice for me, but that's just me.
me too, but why do they keep peddling these p.o.s on us ?
@ianrichards4907 because Claus Schwab says they have to...
@@norabrady9066At least spell his name correctly if you're going to peddle conspiracies
It most certainly is not just you!
Same here 👍
The depreciation is clearly eye-watering.
the one about £30k down only 50 miles haha
As bad as Rolls-Royce and Bentley.
@vacation_generation for sure you can cherry pick EV that have high depreciation, just as you can cherry pick ICE cars that do.
@@seannewman5391
My winter driver is 14 years and still has it's original range, fuels up in 2 minutes, even when it's well below freezing.
My summer driver is 50 years old and still has it's original range and fuels up in about 2 minutes also.
Just a hint at why EVs depreciate so much faster than normal cars.
@SteveLomas-k6k EVs depreciate in some cases because the tech is moving fast. An ICE car three years newer than another isn't much better, but an EV 3 years newer than another is much better.
Its nothing inherent to EVs. Besides it will settle down in the coming years when EVs are cheaper than ICE cars. Just see Goldman Sachs predictions on battery prices halfing by 2026.
Everything changes.
Mix 'em up, shuffle 'em round, knock £10,000 off here, know £20,000 off there, spin 'em any which way you like: I still don't want a white elephant EV.
@@Cotictimmy You need not worry petrol/diesel will be around for years to come. That said future taxes could cause a problem.
@@Andy-e8n7g Yes I'm expecting to be assaulted by coercive financial measures from our authoritarian rulers, but Hey the Americans voted Kamala Biden out so there is still hope of reality returning some time.
@@Andy-e8n7g DECADES to come actually!
@@jon-kp2rq That's a positive, should be a good blend of ICE and EV to suit everybody needs and pockets
I live in a terraced house, on street parking, no way to charge an ev, the street lights are all 12 feet up the wall on the houses. I can never see a point where driving an ev would be possible not that I would actually want one in the first place!
That’s an infrastructure issue not an EV issue. King Charles hobby town Poundbury, has NO on street parking allowed, residents have to fork £58 per month to use the ‘community parking space’.
Another example of short term planning in the UK..
It doesn't matter, though, does it? You will still be able to drive a petrol car till at least 2045 if you want, ssuming sales stop in 2030. And in 20 years time who knows what things will look like?
In 1900 people had to buy petrol from pharmacies and frequently it wasn't the right stuff. With the technology of the day this meant a practical range of around 50 miles. In 1919 the first pumped petrol station opened. Four years later there were 7000 pumps in Great Britain.
@ yes fortunately I’ll see out my driving in a petrol car😃
When they have a 600 mile range and charge in 5 minutes...
The truth is with economic factors there is now an over supply of vehicles in the U.K., ev’s, vans, ice, bikes etc you name it. The used vehicle market is stagnant, no one’s buying because of cost of living. I’ve never seen it this bad. It’s fantastic if you are buying, there are some bargains out there.
All the No Brainers have already bought them ha ha ha
Your nickname is appropriate.
@@EbenBransome truthhurts dont it ev mug!!
@@jon-kp2rq In English?
@ which part dont you understand ev mug?
Evangelist’s have been a bit gullible though. The useless “ road appliances” are a massive money pit. and certainly NOT green.
The big unforseen twist in the car market is that young people in increasing numbers no longer want to drive cars (for a number of factors). This reduction in demand will only get worse. Only those who want us all on bikes will be pleased.
Barry that autotrader set up sends my ocd into overdrive 😮😮🎉
One thing people don't realise when you do these price drop vids, this isn't normal depreciation, like driving your car away and it worth less a year later. These cars are NOT MOVING! They are not adding any miles on.
If anyone can show me 100 mile diesel cars that drop 31% in a year without adding any miles, I will be gobsmacked
It’s not good for anything really
Ummm I’ve bought brand new diesels with the best part of 25% off, and that’s a factory order, not two years old.
There are " 4" factors ( discard milage) which "Devalue motor vehicles" . Reg. Plates / Time since registered / Demand for vehicle. / Over supply EVs Fit the bill on all points . Been Registered / Dumped in storage (Time) / No Demand for them. / To many for market .
@@mikewhitehead50from where? The thing is, with EVs it’s across the board, it’s every manufacturer, not a few specific examples stated as a personal anecdote.
There is no doubt, it is not fiction, EVs are depreciating at unsustainable levels. In a nutshell, most people do not want an EV, the few that do already have them or can’t afford them.
Normally, cars lose value as they leave the showroom. These are losing value before they have left the showroom.
I agree, Autotrader is shit with the new format, unusable and highly irritating. I used to enjoy browsing on there, I hate it now. Clearly got some good DEI training going on at that company.
I use my phone to view it now as desktop layout is shite.
When a battery replacement costs less than the worth of the vehicle after a 10 year period... Once this threshold is broken, then EV's make sense. However, right now, the scandal is the amount of wasted energy/resources/co2 that go into making the car and battery and for the life span to be reduced to insurance and replacement costs..
Used EV cells need to be repurposed for domestic storage
Your probably already there, or close to, with Tesla model S, and they didn't make many of those. They've made loads of model 3s and Ys though. I expect the cost of replacing the battery pack on a 10 year old model 3 to be well under its value.
@@Ianjdgalethey are already, but it’s a developing industry because batteries are lasting way more then first thought.
@
I thought I was being original
Do you fancy setting up a company with me then?
@@PhilBradley-xb2tj hahahahaha sure son!
According to Volvo's own figures, 70.000 is the milage that an EV becomes carbon neutral. But then you'll have the electricity generated by gas powered station to consider.
That was actually included. It's lower now in many countries because of increased electricity generation from renewables.
@EbenBransome but how long before the renewable becomes carbon neutral? Noth in windmills are recyclable and takes barrels of oil for maintenance. Solar can't take wind and hail storms much less a hurricane
@@EbenBransome you really are beyond help arent you,lol!
@@jon-kp2rq Your local library may point you in the direction of remedial English classes.
Has it occurred to you that people of limited literacy being anti-EV may not project the image you want?
@@EbenBransome once again fool ,WHICH part dont you understand ev mug, stop avoiding the question,
The trouble is, we know business and fleet make up a huge proportion of sales. In this situation, EV’s really are a no-brainer most of the time. Much like a BMW 320d once was. The problem is that there was always a market for used diesel BMW’s etc, but not so much for Tesla’s or Leaf’s. Add in the ZEV mandate components and it’s a recipe for disaster.
Never!
California is currently having a blast disposing of all of its abandoned EVs and home energy storage batteries due to the additional delayed hazards and potential toxic smoke releases they pose. Wonder if that will make them rethink the wisdom of having large batteries everywhere as the environment itself becomes more hostile to batteries in general.
They never will Barry. I will never own one anyway.
I can imagine the dealers despair, not selling after more than a year - discounted to eye watering levels. What’s the repression on new cars as a result. Not sustainable at all - £4.5bn annually. They are all going to go broke. Maybe that’s the WEF plan. 15 min cities…
The same day hell freezes over for me.
Spot on Barrie, EVs, new or second hand, "just don't make sense".
If I were a car dealer, I wouldn't pay AutoTrader for this crap!
You can get a used EV for less than 3 grand, but you can't get one that can do more than 50 miles on a full charge, and a new battery costs ten times the value of the vehicle itself.
The common theme of huge discounts across all different brands of EV highlights very clearly that nobody wants them - it's that simple. You don't buy a Loti or a Ferrari to get an electric SUV you buy them to get a nimble sports car or for a screaming V12. The presentation of Auto Trader now is shocking. Give me that 5L Mustang!🙂
the Lotus position looks unsustainable...
The price of those is utterly bonkers
What a bloody mess they have made of trying to use Autotrader. Ruined it completely.
Just like the Jag add, devised be the 'Woke'
Don't let the EVangelists tell you that EVs are in short supply because they're selling out. Have a look at Portbury Dock in Bristol. There's 'millions' of new unsold EVs being stored there. You can see them from the Flyover. The numbers are staggering.
No brainer? When they give them away for free like the used to with drinks glasses at petrol stations!
Tiger Tokens, had totally forgotten about those!
how can cars lose 20,25, 30, 35k with zero miles on them? NEVER IN HISTORY did this happen before, never.
BMW 7 or 8 series?
At no point do EVs become a no brainer.
Toilet rolls are much more a finished practical product for humanity than a battery electric vehicle
Autotrader used to be a great 'browse' - The new format is crap and everything that was easy is now a click or a refresh further away.
As to the prices of EV's - the lower they go the better, like a washer or tumble dryer, for any buyer who considers EVd 'white goods'. ie When it breaks just get another...
I've just bought 36 rolls of Andrex !!
Wow! Did Barry just say we were gonna run out of toilet paper! Tell everyone! Buy buy buy!
Let me guess,.5 women in the house. 36 rolls might last two months under those circumstances.
Colin Chapman would not be happy with the Loti; light nimble vehicles, stiff chassis, compliant suspension.........
It’s sad to see
More Tracy Chapman than Colin Chapman
Hi Barrie
Great videos !!
I do like your new videos on your life in motor trade
@@garryhills8648 thankyou, there are more coming soon please keep watching
@
Hi Barrie
I used to work at Preston college as a brickwork lecturer.
We used to go in a lot of pubs in town
And I think I recognise you.
@garryhills8648 well I still go to a lot of pubs in town so you possibly do 😂
Peugeot near me has EV 208's Pre Reg for 18k, List is 33k that is how well they are selling in the real world 🤣
its scary
An EV requires more barrels of oil to be consume during in its production process than any ICE vehicle, Barrie, nearer to 60,000 miles at the minimum. See Michael P Mills Skagen Fondene lecture about the impossibility of a Net Zero transition just on mining grounds alone.
How come the dealers aren’t going broke; they must have very deep pockets
They are, trade is very bad
We’re already at that point …….. you must be brainless to buy an EV - and you’ll definitely lose your mind when you try to sell it. 😊
BEVs become a no brainer as a Trabant 2.0. In case they are "sooo good" they need to become mandatory. 😂
Wow so who bares the deprecation the main dealer or the manufacturer? I don't understand if it's the dealer how can they possibly afford it ?
Does a highly reputable company like Warranty Holdings offer battery policy's yet?....I've been gone from UK for quite a long time but I remember these being absolute pirates.....maybe late 90s early 2000s I changed a lot of timing belts on ex BT grey vans....for a guy....he just gave 3 months warranty from own pocket...25 years gone by in a moment😂😂😂
Would never have one with current batteries, mileage not good enough, especially second hand ones the mileage reduces. The Insurance is high, any bump may cause a major safety issue.
Can you show us a trip down a car showroom to show us the damage it’s doing to main dealers
in 2019 there was a battery conversion 32k euro - for Messerschmitt Kr200 1960 classics 3 wheel bubble cars, never caught on went back to Sachs 2 stroke.
If the EV stealth funding was used to find public transport to be at an affordable level there could be less demand for any type of car?
Good point, yesterday I had the choice of taking a trip on a bus, or walking 4 miles, I walked I really can’t face public transport
I tick all the right boxes as someone who should consider buying an EV. When I can buy a very nice one for less than £3000 which looks a good bet for at least another 5 years I may even think about doing so. Why should I care if someone else losses over £100,000 providing me with an almost new top of the range motor for almost bugger all? To be honest I have become bored with worrying about what idiots do with their own money. Look after number one, I say. I will never understand why even rich people like myself spend more than £4000 on a motor, but I thank the Lord that they do every time my Merc starts up. I must have slept off or something because new car prices seem to have mysteriously grown an extra zero without me noticing. Every time I spend my 4 grand which is not at all often, the quality of the car keeps getting better and its longevity longer.
Would be interesting if you put ice vehicles with less than 1000 miles into Autotrader to see how many come up and how long they've been on sale for and if they've been discounted?
True but the government aren’t forcing manufacturers to sell ice cars at a loss, it’s because of EVs having to be pre registered en masse that ICE car residuals are falling too to compete, 95% of cars for sale on autotrader are ice and we still don’t know how many pre registered EVs are hidden away as they seem to be being released on to the market at 3,6,9,12,15,18,21, and 24 month old in dribs and drabs, you can now buy delivery mileage 2 year old EVs directly from the manufacturers,
Didn't you say that residuals are now high for petrol/diesel and bailing out the lease companies?
How long on average does it take to sell a one year old EV, compared to ICE?
It’s like anything electrical. Try buying a brand new iPhone for £1000, don’t open the box and try selling it 2 years later , willing to bet you won’t get more than £500. Same for these cars - they upgrade the battery or motor on the latest model and no one wants the old one.
The bigger the depreciation the more likely people who were even considering an EV will just hang on for further price drops
At what point? How about now?
Things aren’t looking good at the moment
I had my first experience driving an EV this week, my 911 was in for warranty work and they gave me a new EV Macan
I am what I would term a full on car/motorbike fanatic
What are my thoughts, I actually really quite liked it, drove remarkably well, fast, handled well, comfortable and nice cruising around towns in silence
Would I own one, absolutely not, the depreciation stories I have seen and heard would make me run a mile
I noticed this loan car was also listed on Autotrader, it has 2,000 miles on, is a fairly base model with lots of options and is priced at nearly £90,000
I honestly could not comprehend the price, new car prices are utterly madness, especially EV’s as you know ultimately it will be worthless in years to come
You have summed up probably most peoples reluctance, the EV experience is a remarkable drive, but I could not sink my own money into such an uncertainty looking at the real world used market. I , unlike the very small number's of adopters that are buying them, cannot justify the loss. I will stick with hybrids for the time.
@@limitedmark It's getting to the point where a used Taycan is very considerable because of that very reason. I can basically buy a Taycan for the price of a crap BMW and cost way less to run than something of equal performance.
@ You could easily, there will be a point that they will hit rock bottom and you wont lose too much, its then just the upkeep . Flip side is If the car does go tits up, you are at the hands of the main dealer, this being Porsche. ouch! But the bright side is there wont be an issue and you have a great car that sum idiot took all the pain for. Win
@roydevans Just as Barrie often does, it's easy to cherry pick good and bad examples for both EVs and ICE. These are early and difficult days for the decarbonisation of transport. EVs will be cheaper than ICE sooner than you think and depreciation will do its coming and going as it normally does with any new technology.
He doesn't like Amis being discounted, does he? 🤣
No I don’t 😂
It wasn’t the discount ,it was the initial price being way too high.
@@ridbanner1407 Same when I saw the Smart ForTwo in 1999/2000. It should have been the car to solve everyone's transportation needs - from teenagers to grannies. Cheap to run, cheap insurance, easy to park, low maintenance costs and easily customiseable by the owner. Then when it launched it was more than a regular small sized car! Somebody somewhere knobbled Smart.
I hope it all goes breasts up for the whole net zero agenda, because let's face it, not many other countries are bothering, just seems like the UK is becoming the sacrificial lamb.
Not sure about that. VW are in Chinese vehicle manufacture’s cross hairs. The company is carrying more debt than it’s overall worth. The Chinese are building assembly plants in Poland and Hungary avoiding any tariffs. The CEO of BYD has said there will be a blood bath and most legacy companies will go bankrupt. Leaving 5-7 main companies in the market. None will build ICE vehicles
@@thomasreilly6362 CEO of Xpeng, if I am not mistaken. Apparently, Chinese makers are planning to buy VW factories in Germany.
It does
@@shreeshsaurya4203 Why? The factory will require millions to upgrade and the potential labour costs will be prohibitive. Much cheaper to build assembly plants in Poland and Hungary. Any investment will be a fraction of what VW currently has..
None of these are EVs I would ever consider buying, they all have some major downside that keeps them off the list. Air cooled batteries (obsolete tech), high price for a brand that your fellow bankers won't recognise, or one just not associated with expensive cars. And then there are things like the Taycan or the Q8, bought by people who usually obsess over noise, or capacity of the engine, or position on a model pecking order. In my experience there are three basic types of Porsche buyer: the German who does high Autobahn mileage (one guy I encountered was commuting 50 000 miles a year), the engineer, and the status freak. The first group won't buy a Taycan because it doesn't do what they need, the second group won't because they can't maintain it themselves, and the third group live in a world in which all their friends sneer at EVs anyway. That leaves the people with lots of money who buy one for the experience and then discover that once you've played with all the bits it just becomes normal. And those people don't buy second hand.
I did see a 2015 Leaf on the road this morning but most of it was Hyundais, MGs, BMWs and the odd Mokka, with one Model 3 from 2019. All practical company cars.
Can we say my Sunderland built 140k leaf is now carbon neutral?
Yep I think it’s safe to say that it is 👍
This shows the facts and figures in the real world NOT someone’s silly little irrelevant spread sheet, however, more significantly it shows that despite offering these substantial price reductions and huge quantities of available vehicles there is STILL no interest to purchase. Manufacturers cannot blindly continue producing hopelessly unsaleable vehicles . . . there will be a day of reckoning and it will hurt. Remember - These price reductions are on NEW vehicles, therefore, USED vehicle values can only plummet almost into oblivion at this rate.
Are folk off their rockers paying £15k down and then paying £1250 per month for 48 months ...
Then not even owning it at the end 😂😆😂
Crazy folk.
I'll keep my old car and go on 4 luxury holidays a year thanks ⚠️
Pretty much!
They are not a Lotus in any shape or form.
F toilet rolls, they can all fight over those, I have a detachable shower head.
Never…….
Simple. The moment you decide to buy an EV you are exercising your “no brainer”.
You can't get AT Price Checker now Barry, looks like the EV Evangelists have closed it down
im losing the will to live! back in the day autotrader was a must read the magazine on a thursday with proper cars capris cortinas astra gtes etc etc now its like watching paint dry and even if i was buying a car ? but im not you might as well stick a pin anywhere on any car as they all look the same i.e bland and horrible. sad times we live in
What boring colours and it seems to be the norm nowadays. I like fire red but diesel and petrol only 😊😊😊
JFGI...when lithium burns:
Li Lithium Carmine red; invisible through green glass
NOW!!
I for one will NEVER buy an EV. I'll keep hold of my 3lt Discovery 4 until it can no longer run.....
Far too many horror stories about dead batteries and owners left with massive bills to replace them. No thanks. If the engine blows on my 18 year old Volvo I'll buy another one for 2k quid. Normal people don't have 40k to drop on a new car
Exactly this and you can’t jump start ev’s because of the battery type and all the ecu’s
No brainer for me DON,T want one . As for the auto trader site it crap ! as the saying goes if it not broken it don,t need fixing !
Millennial website IT guru’s operating tow tow trader I guess..
Industrial scale gaslighting. Like we saw in 2020.
This is only a "Percentage" of the EV UNSALEABLE/ UNWANTED LEMONS . How many are NOT on AUTOTRADER . Who has Money in all these cars which are eating it !!. Who has Money in the Airfields Full Of Pre Reg. Sombody come up with a answer / name ??.
Pretty sure compensation in some form being paid by the taxpayer; probably hidden/disguised somewhere in the form of environmental grant aid.
@kevinmoffatt Add the " THOUSANDS " Cluttering up Rotterdam, Antwerp. This whole EV Adventure is out of control , when you look at the full picture. NOT the selective bits the evangelistors want to see.
@kevinmoffatt Fair coment plausable with the Idiots we have as agovernment. BUT " If" they got 25% there is still a Huge figure remaining to finance . Somwhere there is a lot of Red Ink been covered up and getting worse . What is the name in the V5 of all this Pre Reg . ???.
is there any merit to the 20k carbon neutral number, or just commonly accepted greenwashing being normalized?
I have a petrol car on 217,000 miles. I think its made carbon neutral status 😊
It’s likely emitted over 50 million grams of CO2. Not sure if that makes it neutral, but trees will like it.
@mikewhitehead50 I think the carbon neutral calculation requires you to estimate the number of miles you have to travel in order to equal the co2 expended in the CONSTRUCTION of the car.
@mikewhitehead50 Yes, the climate change nartsees don't account for the beneficial effect of CO2 on plant life. Fossil fuels all resulted from plant life.
@@Dungshoveleux carbon neutral with cars isn’t a thing. Carbon equal in terms of EV vs ICE can be though.
An EV has to drive a certain number of clean miles before construction co2 plus driving co2 is equal to ICE construction and driving co2. How many miles depends on who you ask. It varies a lot.
They are a no brainer. Don't buy them at any price.
Nobody heavily discounts any product that is a good seller it's basic really, why in hell would you?
Barrie, you have obviously been doing it all wrong your whole life!
The way to sell cars (and presumably anything else) is to drop the price dramatically as the demand goes through the roof, who would have thought?
Am I missing something here?
When the goverment removes the oil and gas company subsidy via Tax breaks no-one will be able to afford to run an internal combustion engine vehicle.
People need to get over the 'need' to buy a new car every couple of years. The ban on new ICE sales (in only 1810 days) will sort out the issue and then the dealers and manufactures will need to make a living selling 'old' or pre-owned cars IF no-one wants an EV!
I would not buy one it is just a waist of money.know that people want pay anything for second hand one especially with not knowing how long the battery will last
Ummm, when you're brain dead?