THE EV MARKET HAS CRASHED! - HERES WHY OUR GOVERNMENT WAS WRONG!
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- Опубликовано: 3 мар 2024
- I bought a $103,000 Audi Etrong GT and then the Electric Vehicle Car Market Collapsed.
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Dealer Auction Porsche Taycan Audi Etron E-Tron GT RS Turbo S Cross Turismo Rivian Tesla Model 3 Y X S P75D P75 P100 specs 0-60 prices values for sale near me market adjustment are prices falling coming down when is the best time to buy EV Electric Vehicle Mach E Chevy Bolt Volt Nissan Leaf Best EV Most Reliable Wholesale vs. Retail
Flying Wheels 
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Anything our Federal government recommends- do the opposite.
That's why the mandated EV's so you would do the opposite and keep buying oil from the Saudi's
Try that with taxes😂
Comrades, Dear Leader and The Party knows what is best for us peasants.
If the government goes out of the way to say something is untrue, it is likely untrue what the government is saying
So patriotic of you, I’m sure your mother is proud,
Meanwhile Jaguar announces they are going all electric, guess it really only affects the 7 people that have a Jaguar
In their defense they are always at the dealership broken down now so at least people can say they own an EV Jag
ARTHUR DALEY, AND SIX OLD MASONS
Electric cars is how rich people pretend to help the environment.
EVs in my state and life are for the lower middle class. Always have been.
Just seems smart to buy a Tesla. $15 on fuel, performance of a V8 sports car, utility of a SUV, better safety ratings than any car. Zero compromise from what I can tell. Brain dead argument 1/10 for no effort
Such a bad reply. Electric vehicles are how government taxes people which rich people end up paying hell of a lot of tax to Goverment, EV's are how the Government wants to help the environment while taxing people.
@@lifeafter2020I pray to god you’re not in America.
@@CB-ux5xc 1
$145k cars for lower middle class, where you you live? Beverly hills?
Audi depreciates more than any other car brand. You add an EV into the mix and well, this happens 😂
Fact!
Plus the app he is using is known to mess up sometimes. It could of showed it was worth more then 10 minutes later it bring up the actual value which is way less Resulting in him overpaying for the vehicle
I thought Land Rover was the depreciation king. 🤷
Their etron has been horrible for resale value,
Not factual.. it’s Maserati, Jaguar, Land Rover, BMW etc all depreciate more than Audi.
All Luxury cars that were delivered in 21/22 have lost a huge amount of money not just EVs.
exactly. no surprise that toys that were overpriced to begin with have taken a beating
Not just luxury cars. Pretty much every car sold in 21 and 22 were over priced,
All cars have gone down. Luxury and EV cars have taken a bigger hit. But that happens anytime there is economic downturn or uncertainty.
@@vxnova1 I bought my beater 99 Camry daily for $700 crashed with mismatched tires in 18 or 19, hung some junkyard panels on it and a new set of the cheapest tires Walmart sells. I'd value the car at $1,200-$1,500. I listed it on marketplace for $7,500 as a joke in 21. I had a ton of people message me ready to buy it. Several people said I should've sold it but I couldn't replace it with something as durable and dependable for the same money at the time without buying something needing a major repair. By the time I bought, repaired something it would've been pointless once you figured my time and fuel and maintenance with my truck. My truck gets around 15mpg, holds 7 quarts of oil and a set of tires is $1,000. A wheel bearing for the truck was $175. One for the Camry was $25, it holds half the amount of oil, gets over twice the fuel mileage and a set of tires were just over $200 the first time. The second set six months ago was over $300 but still less than half the price as my truck and last 30k miles compared to 20k on the truck. ( Yes, I drive like an idiot if the numbers don't seem to add up.
Used ICE have dropped but nowhere near the level that EV's have lost. Used EV's have dropped off a cliff in value and dealers still can't sell them.
We're in Ohio and my wife bought a new Mazda CX-90 a few months ago. Came time to renew the registration and we were charged an additional $150 fuel tax surcharge to make up for the fuel tax we would NOT be paying on the reduced volume of gasoline we would likely be buying going forward. It's $200 for Tesla owners, BTW. So the moral of the story is - they're going to get their pound of flesh one way or another - I just think it's shitty to shame us into "doing the right thing" and then give it to us in the shorts when we do.
Thank you for pointing that out! I posted on that very thing, not being aware some states are already charging EV owners. How long before the Feds jump on that wagon too, eh? They gotta fund roads somehow, it's probably coming.
Sorry to say this but, buying an EV is not 'doing the right thing'! The cradle to grave environmental break even point is around 80k miles! You aren't making a dent in the environmental impact! The whole thing is one giant lie! Hybrids or H2 cars (where the H2 is made from fossil fuels!!) are the way to go. Wind turbines, solar panels, EV batteries are a giant ruse that the sheep have eaten up like a big area of grass!
@nickc5978
0 seconds ago
You said the key words right there: "Shame us into doing the right thing". Whose "right thing" are we talking about?
Don't buy a car from the stealership. Problem solved.
I don’t understand - the CX-90 is an inline six with a VERY mild hybrid for mostly performance boosting purposes…
Everything that is happening with EVs was easily predictable. Many of us knew this would happen from day one.
nah its just the car depreciation schedule returning to normal
The only thing that surprises me is how many people grossly overpaid for these EV’s thinking that they were saving money at the pumps and saving the environment. They rarely admit that when traveling their electric cost at SuperChargers is very competitive with a similar sized fuel cost 🤣 And I always like to ask where the electricity comes from 🤷♂️ in my area we have two nuclear power plants that supply our power for your car….
@@RustyZipper what is wrong with nuclear? if the guy cared about value he would have bought a VW EV not a vanity car like the audi
@@JD-yx7be - I’m about an hour away and directly downwind and downstream of the fallout from the reactor stacks and coolant discharge. I just took delivery of a new Sienna Hybrid van. I cannot fathom why anyone would buy an EV unless it’s strictly a 30 mile commuter car and you get free electric at work. A few years back I looked into buying a used Bolt when they were catching fire. Even with the market discount I found that I could buy a similar year / mileage gasser for the same price!
No. EVs are great. Buying any vehicle at peak Covid prices is dumb.
Ev prices are coming down daily. Doesn’t mean the market is over just more competitive. Just like a 65” big screen is much less than when they first came out.
Haha not 40,000$ less 😜
@@JamesCurtis-sf7pf you failed math we all see.
No, they are coming down because no one is buying them.
@@doctordetroit4339 Yes. In fact, EVs are buying themselves. That's how the market actually works but no one tells you. I have a friend who is also an EV and he had to buy himself because no one else would.
Let's not forget they're also coming down because of the 2020 circus where used vehicles were over inflated.
It's funny how after I bought my model S 4 months ago it depreciated about 10%, yet it's still driving like brand new with no degradation.
You lost money on an overpriced 100k dollars car that loses value every year, of course.
True most cars lose value but the value of the EV tanks way faster.
@@SkippyPB. because they were overpriced to begging with, this car he bought was overpriced from day one.
@koby2995 100% I personally wouldn't have paid 45k for that car brand-new! This dude is a str8 sucker! P.s his father is 100% playing pocket pool with dudes!! Just saying 🤷♂️
@@SkippyPB.- how can you tell a guy is an EV nut without him saying he owns an EV? 👆
I remember someone talking crap on Toyota saying their whole campaign against electric cars was purely because they were too far behind. Guess Toyota was right after all.. hybrids are the good choice..
i guess we see right!
My GF drives a Lexus RX hybrid. A 2006. With 256k miles. Original batteries it's in amazing shape. Toyota for the 🏆
Toyota is going hydrogen, they no longer sell electric cars in Japan, I work for the company that makes the hydrogen fuel cylinders, yes the main reason is the toxic batteries in EVs are a big problem
The advantages of an EV + the disadvantages of an ICE all in one car. No thanks.
This couldn't have been anymore obvious than when California went so hard over electric cars then wanted people to stop charging because the grid couldn't handle the load.
My favorite was Maine about to vote on a bill that would stop ICE vehicles sales in a few years. They had to postpone the vote because a storm knocked out electrical power.
@g18886 Wow I hadn't heard about that one. Lol. Just imagine all the electric government vehicles that would be stuck because of bad weather.
But but but muh environment!
That was just one very hot day where they asked people to cut back their electricity use in general. It did not target electric vehicles.
@michaelc2254 they were specifically asking people not to charge their cars. Outside of that California IA always hot between the fires and summer heat
I have a Toyota hybrid and it’s honestly one of the best cars I’ve ever owned
Same drive a Lexus hybrid and it's great! I think hybrids are where it's at no silly battery to drain on you, but can still get 40-50mpg's
Electric Viking would tell you that is one of the worst investments .
$115,000 with %20 down 2.99% for 48 months is still a $2300/mo payment
That’s what I’m paying in rent
It cost to polish your ego😅
@@onlyme972 “etron” is the French word for excrement
prices are coming down to where they should be.....everyone bought into the "hype" at the wrong time. EV tech will only get better, and cheaper. (and im a big engine v8 guy lol)
"EV tech will only get better, and cheaper" Actually no. It will go away. People are coming to their senses. The EV party has gone bust. FJB!!!!!!!!! TRUMP 2024!!!!!!!!!!!!
You are correct. The tech will get there
@@mikel7467 No, it won't. Battery powered vehicles are fundamentally flawed. The whole concept is flawed. It was tried 120 years ago and failed. It is failing again, for the same reasons. The internal combustion engine is superior in every way.
I for one cannot stand to be bothered by spending 6 minutes at a fuel station every 200-300 miles so I switched to EV
I am a big supercharged V8 guy...LOL
OMG Craig is really trying to blame the agenda on why he bought a car in a inflated market even though he dropped serval videos during it saying i "now is not the time to buy a new vehicle" everyone knows luxury vehicles loses value the fastest that's why you should never buy new
My local Porsche dealer has no 911s but a couple dozen Taycans. No one wants them.
its because they price them like their ev prowess is same as their ICE prowess, which it isn't.
The Taycan just became the fastest Porsche in the world. Allow a few minutes for that to sink in.
You people can toss hissy fits against this technology and lie about it in your bubbles, but the writing is on the wall. The days are numbered for the inferior ICE technology.
FYI: A car is worth what you paid for it. ONLY worth less if/when you want to sell it! Else you did NOT loose 40k. Buying NEW is never ever an investment. You know this Craig
Edit: buying cars in general are never an investment. Everyone loses money but debate on who loses "less"
He's really only "lost" (in value) about $16k because he bought it for $80k used. $40k gets more clicks.
@@davidmorgan9302 yea. His "dealer discount" put him way ahead of the rest of people that purchased the car at MSRP levels. Every luxury car loses significant value especially when utilized as a daily driver.
Agree with you and good comment. This is a bunch of clickbait. Yes, cars go down in value. Shocker!
Who would have been interesting was to actually determine the value of his car versus a comparable gas car of the same specs. I'm willing to bet the EV still lost a bit more, but I bet it's not nearly the difference you would expect.
Also, you don't lose money until you sell. You also use the car for the time you've owned it. So what you spent is actually That loss and value divided by the time.
Yes, electricity is not free, but it's a hell of a lot cheaper than gas. We own two electrics and I like them a lot, they definitely cost me less to run, but it ain't free. That said, I think my next car is not going to be electric.
But Craig, this video was silly. Do better.
Yet somehow you still can't spell lose, geez
They raised the price $40k and offer $30k off
$145k msrp 🤣
@@mph5896 Yes and a yr before it was $103k new
Yeah. They’re not taking 30k off if they raised it 40k.
Two different models. The rs was 145k. He doesn't have an rs. Still it's nuts
This is an apples and oranges comparison . It's like comparing a base 911 to a turboS.
Anytime someone from the government shows up and says "we're here to help" RUN the other direction, nothing good will come from it.
The problem is the Government is going to continue the push. Automakers can’t keep changing investment plans.
The real trouble is used EV models are like an old I phone old tech bad battery.
Only if a Democrat is in office. All these garbage EVs will slowly fade away next year when a republican is in the oval office.
The government pushing EVs is despicable. Let the market sort this out I say.
Speaking of iPhones, love the analogy. But why is it? Notice how people sometimes throw them away even though they work perfectly fine, just because the newer model has some new feature and its pushed at a huge discount. Same with EVs. I'm guessing the market is about to be saturated by used EVs, which means proliferation of parts leading to cheaper repairs.
These videos make me happy about my car buying decisions. I own about 4 cars, Prius,Miata,Santa Fe, and a Chevy van. Cars are peoples financial downfall. I drive my 350hp Miata more than any of them. Don't need to spend a butt load of money to have fun. I'm retiring next month, and everything is paid off, even my house.
No idea why anyone would pay 60k,for that car.
Agreed. I wouldn’t even pay $39k.
All luxury cars have high depreciation. We bought a used Chevy Bolt. It was cheap and we love it.
You sure about that?
Stay away from Mecum Auctions and never ever ever buy an electric anything.....You earned this one Craig.....The boat....Vaca house.....Learning curve here....
The auctions are the ones that win on every transaction, the buyer or seller is always going to lose at a Mecum or Barrett Jackson style auction. Either the buyer is overpaying, or the seller is cutting their losses, either way, the auction gets their cut.
@@Upracefanyou know nothing about selling cars lol
There was no “lesson” with the vacation house. Craig played that up. He sold for asking price, made money on AirB&B and the videos. Plus he got to enjoy it with family for a year. Now on to Mecum, he’s had one bad experience so by all means give up, let’s not take what he learned and not try again to see if he gets better results. Finally the boat, everyone knows boats are a money pit, some are more than others. Again he also got to make content so not out as much money.
@@Rxhmr Oh, but I do. 35 yrs worth.
@@Upracefan The buyer overpaying for cars at an auction is because there are alot of idiots at auctions that instead of just letting the other person win the bid for a decent price, They all run it up on Each other untill there is no profit left in the car and then F both of themselves. With that being said I have still made a good amount of money from the cars iv bought there, could be better sometimes but. Yes there's bo doubt the auction houses are rich af though. Sellers plus buyers fees!? Ones by me are bringing atleast 100k profit a week
People complained that EV prices were too high. Now they complain they dropped too much. Buying any vehicle at peak Covid prices was ridiculously bad decision making.
IKR? It's impossible to keep up with the double standards from these people. The other complaint is supercharging, because apparently no one who owns a gas car has electricity in their home. But the funniest one yet is how it took them 10+ years to complain about winter.
I remember warning the Lightning buyers and they called me a hater and said I didn't know what I was talking about. Whose laughing now. 🍿🥤
Who's*
@@GOOFLEr True. We're all laughing now! 🤣
EVs are completely Stupid...
EVs are garbage. Let these fools keep falling for these scams. Now they are stuck with a vehicle they can't sell. 😂
@@GOOFLErGet a life No grammar police needed
Toyota definitely made the right move to concentrate on hybrids
How did this dork not understand any if this before he bought an EV? He sells cars for a living.
How are you staying in business if you’re buying the wrong cars 🤷♂️
volume
Spot on
I’ll never buy an electric car as long as gas powered vehicles are still available.
@@JIMFED63electric cars are fine, as long as you can charge from home and the model you choose can use the Tesla charging network if you are traveling long distance, there is a lot of misinformation about ev, Like this video alone compares the gt to an a5 as opposed to the r8 which is the equivalent car, he says he has t9 travel 40 mins to a charger but this shouldn’t be the case if you charge from home, Also you get the benefit of not caring what Saudi, Russia or Venezuela wants to charge for their oil, All of which aren’t too friendly to the US.
@FlyingWheels why so much delay on the video release. You filmed this video in early December.
All cars depreciate, they are all a waste of money, buy 6 months old keep it for its lifetime, 275 miles for £5.77 Charge at home in the uk over 10 years will almost pay for a second hand EV
Seeing the cost of the replacement batteries has got to be scaring people to death. Ridiculous prices.
Batteries sound like a crap shoot. If lucky you get a battery that deteriorates normally. If unlucky they die prematurely or are damaged accidentally and now that expense you were counting on occuring in 5 or more years is something you have to deal with immediately.
Batteries have 8 year warranties. Most people do not keep their cars for 8 years(some/few do). I don’t know think people are worried about battery replacements. Silly argument 3/10 for effort
NOT SCARED!! Used Ev's are getting cheap. The Junkyard has Chevy Bolt Batteries for $8,000 and up. $1,000 to ship and I bet $1,000 to install. I paid $7,943 for my 19 Chevy Bolt EV out the door with 55k miles. I'll drive it until it dies then part it out and junk it. Hell NO to putting a new battery in it.
@@userofsharinganand when they go to sell their car after 6 years it is worth nothing because the battery is at 50-60% SOH and going downhill fast.
@@vincevice1398 why would you make up something that is an obvious lie?
What do you win by lying like that?
So Craig, who held a gun at your head to make you buy it?
Dopamine rush, just like why my daughters and wife love Amazon.
You’re missing the point of the video
It was ridiculous to buy in the first place.
Craig alludes to the future cost of battery replacement but not the specifics.
Based on 10 year old Teslas, the useable battery life is a decade and the replacement cost is $20K. So don't neglect to add that $2k/yr battery fee on top of the questionable fuel and maintenance savings.
@davidchen3643 The fuel and maintenance savings are not questionable!!!! EVs are so much cheaper to operate.
@@tonespeaks and so much more expensive to buy...
@@anubaral How much more exactly are we talking about??
@@tonespeaks 20-30k+ compared to the normal car on average...
lol my Tesla has 8yr 120k mile warranty. I save 4000 a yr in gas here in west coast. the cost savings will pay for itself if it even happened.
I really like the fact you always tell the truth about everything. Never hold back. Love it
Including tax, I lost around $4k or 10% selling my 21’ Honda Odyssey with 10k miles to a dealer after one year.
I just bought a loaded 2022 Wrangler Sahara 4xe with 13k miles and paid $38k. It's a hybrid and I only put fuel it for long road trips. For most of my driving it is awesome to not use fuel. Hybrid should be the future as they are so useful.
I agree
EVs are like cell phones. The prices are going to continue to drop and the capabilities are going to dramatically improve. We are still in the flip phone phase. The next generation of EVs will add 200 miles in 10 minutes. Unlike a gas car, you can fill up at home. If you have a Tesla, you can charge up on the road. It will not make sense to own a hybrid because you are paying for two different drive types of drivetrains. It will be more expensive without any extra benefit. However, it will take at least two to three more years for this to be realized.
@@bvirgin123456I work in the renewable energy industry and am all for new technology but your comment is Utopia. We are far from away from what you describe. Worse yet, most of the media around EV is false. Another topic for another day. You do you. But do some research on the environmental impact of battery versus fossil fuel. Someday hydrogen may replace EV. In the interim hybrid is a fantastic compromise for real world driving.
@@bvirgin1234564xe has one drive train.
@@bvirgin123456 Nope.
I feel like I watched this video a couple weeks ago
Tesla y is $36,500 and is the safest care made (5 star crash], fastest car with instant acceleration, the best technology and user interface and $0 maintenance. I have had a Tesla M3 for 5 years and only expense was tires after 45k miles! IT IS THE FUTURE. Most people travel do not travel 200 miles a day and most people charge at home overnight.
The best and brightest engineers want to work at Tesla and SpaceX. Not in Detroit. All the other car manufacturers are playing catch (10 years) and most will not survive.
I have heard the same anti-EV rhetoric from other car dealers and you can sense the paranoia when they tell everyone to hang on to the good old days. I understand it’s your business, but the cheese has moved and you either adapt or wither.
Craig is one of the most honest guys! Thank YOU ! Here's the Clue...
NewSOME (but not enough) told everyone in Cal, no more ICE Sales by 2035, BUT don't charge from 4-9pm cause the 60% Fossil fuel Electric grid is overloaded, AND He's going to shut down the Fossil fuel plants! Yea.... that makes sense.
Everyone who bought a car at a time when all of society knew cars were overpriced is underwater especially with the interest rates and crazy stuff dealerships were adding.
not sure the "government" was wrong here lmao
From the standpoint that they don't want us having any personal transportation, much less good personal transportation, you may be right.
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TLDR: Supply and Demand is a real thing... Covid price gouging is no more. People that bought cars at the height of the gouging are now realizing that they done goofed. It has less to do with EV, and more with you making a poor decision in general.
There has been an early adopters premium on technology since forever. I don't know why anyone should be surprised.
Doesn’t take a rocket scientist to figure that one out. A car man should already know that
Its a nice car but why buy one with only 200 mile capacity before charge? If I am paying a significant amount for e car I am getting one with the highest mileage capacity before charge. The car works for you as a daily driver because 200 miles is plenty to drive to work and about town than charge at night. If you keep the Audi for 10 years and doesnt require maintenance you will easily make up the depreciation bc no oil changes, no trans issues. No gas. At some point the car will retain value. It will all work out
My local GMC dealer has 3 EV Hummers on their lot. Not selling.
Yea same here where i live. Ive seen probably like 4-5. They are just sitting and sitting out in the front lot lmao im so glad they sitting means wont sell.
that is a vanity car not meant to sell in volume, it closer to the h1 than the h2 hummer in price. Compare a car that is actually meant to sell in decent volume
Makes sense. ICE manufacturers are decades behind with EV technology. They had their chance to lead the industry, but they squandered it due to sloth and greed. Now they reap what they sow.
I'm glad you're completely honest about electric vehicles!!!
You don't see them for sale for 60K. Because no one who bought that car for a 100k wants to be out 40k. Same reason I didn't sell my Escalade for 40k when it was bought for 85k lol.
Good point.
Next year it will have lost another 30%
People, he is a used car salesman and if you are subscribed you have seen his videos where he cuts corners on repairs and does funny math. Why would he do things right all of a sudden? He is a used car salesman!
The manufacturers are losing their butts even selling them at msrp. Lucid is losing $433,000 per vehicle sold!
Lucid is dead meat
What irks me is how much did manufacturers jack up ICE vehicles to subsidize EV production?
It’s true, only Tesla is profitable. I don’t think people realize how dominant Tesla actually is
@@userofsharingan Subsidies.
My neighbor has a 2023 Lucid, beautiful car, he hates it! Again, more dollars than sense!
...it's fast that EV! Wow! And sits five people too!
Oh, no! The ev caught fire spontaneously and now my house has burned down! Thanks new tech!
For the loss on the Audi you are better off to keep it.
No really, it will lose even more. Just take your loses and move on
Yeah the E-Trons are cool but the market really was brutal to them. They have 15k rebates on the brand new ones right now which is what really tanked the used value.
There used to be a day when there were no gas stations anywhere, only horse feed stores.
I believe the first gas station was in 1913 in the u.s several years after the model T launched and decades after the high end gas vehicles already existed
Here we go again. How about there used to be a day when they tried electric cars back in the 1900s it didn't so they built more gas station instead.
@@mission51able How about they also didn’t have solar and wind capabilities to power a nationwide grid.
Awesome video, thanks for the honesty!👍
I think this is your own fault if you spent 103k on a car
Biden shoved electric down our throats and the man can’t even put a sentence together!! Electric is a complete fail.
That's not true, he later stated he paid 80 grand with his dealer license.
Music to my ears… I’m in the market for a used Model 3 and prices will continue to fall with the new Model 3 refresh out
Bad move, Without a warranty it's going to be worthless.
In spite of what the FUD parrots say, the thing about this "depreciation" is that it has nothing to do with the car itself and more with the new features of the next version as well as some market trends. I bought a previous gen Model S at a crazy discount, still with warranty and minimal battery degradation.
They don’t charge with a gas generator. They tow to a supercharger
Dude the Tesla with the LS6 stuffed in it was awesome!!!
Value is relative. Someone who is out to “save” drives a sub $40k vehicle.
You can by a lot of gas when you compare $100k vs $40k
If you buy a Mach E and charge at home, like your phone you can expect to pay under $10 for 1000 miles.
If you rely on 3rd party to charge your car you are hooped. If you want to drive across 3 states you’re hooped.
If you drive an hour or less to work and back, you’re golden!
If you can afford an Audi Etron or a Tesla Plaid you don’t care about anything other than to be “seen” you don’t care about range because you drive a GT3 as a daily.
The future is what Craig? You claimed not electric.
"If you want to drive across 3 states you’re hooped."
Funny, I just drove a Model S 1000 miles on January across 6 states and didn't experience any of the issues parroted on the internet.
"If you drive an hour or less to work and back, you’re golden!"
I also commute 160 miles round trip without a problem.
If you ever do research on EVs (I mean real research, not just taking headlines at face value) you'll discover how far ahead this technology is from ICE tech. The only thing keeping ICEs going is outdated mentality.
Interestingly enough, you still make more sense than 90% of naysayers out there. EVs don't save you money on gas. Even if you get free electricity, all those savings are passed down to your insurance company.
are the insurance cheaper on ev then a normal car
No. More expensive by about 30% on average.
They are heavier due to the battery and tend to cause more damage. Not to mention the wear and tear on the roads and bridges.
Hell no. I pay $188 a month for my Model S. Twice as much as My F250, Kawasaki ZX10 and RV - COMBINED. All my gas savings go straight to Geico.
Good to see an update on this update, sorry to see you get hammered with the depreciation. Love the channel, but I can honestly say you make me nervous with these losses. Don't spread yourself too thin...we need you!! :-)
Have to buy smart. I purchased a Chevy volt for $21,000 used with 30,000miles. Have had it for 3 years saving $200 month on gas. 6 more years of use it was basically a free car. Hybrid is the way to go
Teslas are still selling because they are the best EV around. More power, more range, more durability, best technology, etc. etc. Other manufacturers can't compete with their inferior products.
Notice how the way FUD parrots tend to use the ICE industry as the barometer for EV technology. I find it amazing most of these people can tie their own shoes.
It's funny people claim how horrible it is to own an EV. I had a 2015 Leaf in 2014. There were MANY fewer chargers then than there is now and I never had a problem. In fact, I don't think I EVER used a public charger. Also, nobody is putting a gun to anyone's head, making you buy a $70k+ EV. BRAND NEW EV's can be had for $25k. You wanna talk depreciation on $100k+ cars? What's the depreciation on a new E63? They're about $125k new and MMR is what, about $85k? That's $40k in one year. This is a luxury car problem, not an EV problem.
If these people didn't have double standards, they wouldn't exist. Double standards is what props up their humanoid forms, if they're even human at all (most of these commenters are AI nowadays).
No, got to disagree. This is the EV market.
They are plummeting in popularity because proponents were so thrilled to have the clout in media to make claims of being the future that they ignored the lack of features or marketability.
They kept touting government bans on competition as being evidence of their product being the clear winner.. but that isn't how the market works.
You can't make a product successful and useful simply by wishing it and after enough people tried them, EVs issues (that would have been fixed without the mandates to oversell them) suddenly showed up and in a big way.
And consumers feel cheated.
A healthy technology would have sold itself without mandates or politics, making the case for what it has to offer and let the consumer decide.
@@matthewmosier8439 Well, you're wrong because the percentage of new cars that are EV's every year is increasing, not decreasing. The headlines are a bit misleading. What's decreasing is the rate at which they're increasing.
Love all of your videos you do great work very entertaining but I have a question. What was the worst investment that car or the boat you bought a couple years ago?
Craig you speak the truth about the state of electric vehicle ownership. Not your truth or a narrative but the actual truth based on facts. Facts are painful and somebody has to state them and apparently be hated. You're doing a great job. Keep up the great work. Love the hacks and tips btw.
I think you covered the problems I have with EV's. I don't have a problem with the idea of EV's, but... I not interested in owning one till they have much smaller, lighter, safer, longer range batteries. I think when (if) they become the main cars on the road the charging stations will start popping up everywhere, like gas stations, but, They also need to be FAST charging. Like all new cars they have become far too expensive to repair. Even replacing a tail light assembly costs thousands of $$!
Tesla is the safest cars in the world!
According to Consumer Reports, the people who suffer most from EV Range anxiety and "have problems with EVs" are ICE vehicle owners who have never even been in an EV.
Craig you make money on gas cars and you loose money on electric. Stop buying electric cars.
My Bolt EUV was a fantastic buy. Brand new car for 20k.
Yeah, but you got stuck driving a Bolt.
@@bigmacdaddy1234meh. I’m not trying to impress anybody
The Bolts are fun to drive. I scored a 2019 Bolt EV with 55k miles with a new battery for $7,943 out the door. I'm not stuck driving the Bolt, it's quite fun, and the Trans am gets a go once in a while. So, I pull up in my Orange Dodge Challenger and the salesman says to me, "I didn't expect someone interested in a little Bolt to pull up in that!" I'm like yeah, they all can't be bad ass! Needless to say I did NOT trade it in!
@@michaellightbown9492 I probably have you beat on not caring to impress, but I know enough to stick with Toyota's. You can't do much with a Chevy bolt, small and dangerous too.
@@petera5560 Far safer than any 90s civic you probably drove in. Modern cars are incredibly safe compared to anything in my high school parking lot
You won't have anxiety when you live in a 15 minute city and eat bugs =)
So many wrong things with this video 🤦🏻♂️
Blame Audi for throwing $30K in incentives plus dealer discounts of $5-10K. A friend bought a $108K e-tron GT for mid-70s last summer.
We recently bought a Mitsubishi Outlander PHEV. In six weeks have been averaging about 75% on electric power. Installed a level 2 charger (for about $350 installing myself) and charging at home costs about $1.50. love the car. Almost all of our daily driving is on EV. Current tank since fill averaging 115 mpg. Would never consider an EV
Until they are on NACS, the only EV that makes sense is a Tesla. I drove my Tesla from Long Island to Ann Arbor, MI and also to the Toronto Canada area. I would not even attempt this unless I had access to the Tesla chargers and also an integrated navigation system like the Tesla with excellent route guidance. I would have just taken one of our other two gas cars. These very expensive luxury EVs with terrible integrated charging route planning and without access to the Tesla charging network makes 0.0 sense to me. Even Tesla S and X makes limited sense to me. Model 3 and Y all day. Possibly Cybertruck as well. BTW, when I charge at home, my Model Y uses about $50 of electricity for every ~1,100 miles.
We love our EV we pay about 25 bucks a month to charge at home we get over 500 kilometers to a charge and never have a problem finding charging away from home we have over 120K kilometers on ours we drive to Florida from Ont Canada 5 times a year out to Montreal Niagara falls etc. We love the freedom and lower cost of charging etc
Why would you tell lies?
@@ddutsie who is lying we absolutely love our EV and no it isn't a Tesla I would take one of those if I was paid to funny you think it is lies you clearly have no clue
@@vacation_fun_makers Stop, just stop.....you're making a fool of yourself.
@@ddutsie says the moron that has probably never Sat their rear end in an EV let alone driven one keep choking on that big oil chub
Yeah not in our state. No charging stations and nobody wants EVs.
You bought the Audi because you wanted it. You're intelligent and you knew you would lose money.
Hi we're from the FEDERAL GOVERNMENT and we want to be your friend!!! A bigger lie than, of course I'll respect you in the morning!!!!
Hi Craig. I agree with all that you're saying. That's a lot of money to lose in just a year. There are not enough charging stations over here in Ireland either. And everyone hates electric cars. Good video, I can't wait to see what will happen at the auction. 😅🇨🇮
well watching your channel shows me everything not to do. Thanks for the real truth and experiences you share
I sold my Taycan at the height and made $15k. I was on a 3 year lease and got out of it after 1 year....range anxiety is a real thing.
Yea those Taycans suck with the range. It's about half of a Model S.
This being said, why, in the name of Baby Jesus, would you buy a car with less than 250 mile range, unless it's for the track? (not a rhetorical question, by the way).
Here in CA there are charging stations in just about every shopping plaza. No shortage of chargers.
If you love it, why does the value matter?
Honesty is the best policy.
The Lightning truck is a joke of a truck.
I just purchased a new ram 1500. Gets 20 miles a gallon. Every ford dealer has over 20-30 lightenings and Mach-e. They can’t get rid of them!! Your right.
That guy in the long roadtrip clip is "Dirch Passer" a famous Danish comedian genius. He died in the 80's but got to make a lot of film from which this clip origin.
EV cars are today’s emperor’s new clothes 😅😮
The reason why the reasale value will be low for used EVs is the EVs battery. The answer is to separate the battery from the car - after that resale value and mileage stress is gone. That means In future you will get always the newest battery tech (which means more range) also for older EVS. Changing the battery will take 3-5 minutes (for 90% of charge). There is a one company which offering EVS with separate battery without battery degradations or stress about battery condition but it is not in USA yet.
This is similar to my thoughts. I had a Mazda cx-50 turbo premium plus but after buying it, we bought a house further away and I was at the pump twice a week and needed something more fuel efficient. I was debating a Tesla but the premium vs a hybrid wasn’t enough to justify, plus the insane insurance costs of a model 3 in Florida. I went with a Camry, but I was debating between a hybrid Camry or regular Camry. The hybrid Camry was roughly $3,000-5,000 more when I bought last year, but only got about 10mpg more on paper on the highway. I couldn’t justify the upfront premium to save $3-5 a day in gas. Mind you on weekends I drive a truck. Plus my Camry is one of the cars that holds decent value
Hybrids or fuel efficient 4 cylinders are the way to go
What app do you use to look up vehicles?
The super low profile tires and the added weight of the batteries will make you an annual customer at the tire shop. Plus those tires don’t come cheap…
Craig, you should tell the people what your last electric bill was and how many kWh you used for that money. People in Oklahoma and other 4 cent a kWh don't understand anyone saying electric vehicles cost a lot here to run (I'm south of you in Mass). I know for me, I pay 38 cents a kWh and doing the math, my Subaru costs less per mile than a single motor Model 3.
dang in wa state I pay 6 per kwh, crazy to not have one here.
I pay $0 for electricity on my EV, but all those savings go to Geico.
Just wait until something goes wrong and you need service. My neighbor cracked his headlight on his Audi and paid $4,400 for 1 new headlight.
Charging that car cost $50? Jesus Christ.
Yup fuc* that noise.
How much horsepower does it have vs the diesel or gas counterpart?
I find people totally forget how much of a rocket they are driving and the efficiency....
It would take three days to charge on a generator
I’m leery getting hybrid vehicles and definitely not full electric 🚗
Hybrids are like iPhones with rotary phone dialing. You have advanced technology dragging dinosaur technology for no reason at all.
Maybe a 500 $ 1981 Chevrolet Caprice Estate Wagon still does the job after all !...
I’ve got my BMW i3 7years ago. My electric bill only went up $11-13 more a month. I’m on a fixed rate for my electric. The only cost I think is crazy is the registration fee @ $250. I charge on a 120v every night and my electric bill increase isn’t bad.