I've been following the classifieds in Australia. It's the same thing here. Asking prices are typically so far above valuation that it's laughable. I've seen a couple of cars advertised for over 6 months with numerous price reductions.
The local state member who heavily pushed government policy on energy and "science-aligned action on climate change" is retiring. He's got a 'corporate career in the energy sector' waiting for him. No surprise
@@earth2006 As a modest and humble owner of a bright red Corvette, I am not seeking attention. In fact sometimes I forget to tell people I drive a Corvette. However I never have to tell anyone how much money I have lost to depreciation.
A loaded 2024 Honda Accord EX goes for a sticker price of US$29,605. This is a car that will go 100s of thousands of miles and gets almost 30 MPG. I have a 2017 Accord and I experience zero mechanical issues, and it takes less than 5 minutes to fill it from nearly empty.
yep as soon as EV becamse a thing I had my catchprase at the ready "when did you last buy 2nd hand rechargeable batteries ?" we know the answer no one and no one would be interested in that market
A local federal politician came in to our shop recently and said the exact same thing to me over the counter. He said "do you know how much -popular local car dealer- will give you for a trade on your 12 month old Tesla?" I said "how much". He said "zero" and laughed pretty hard. This stuff is well known in the halls of power. Here's a spoiler, they don't care!
Yeah I daily drive a 5.0 xr8 and get between 8 and 9.5 km/l which I'm happy with and it's almost trippled in value over the last 4 years here in nz. Same with the 2.8l 1990 hilux I own, cheap to run and has gone up in value and I have a big block 67 Chrysler to play with in the weekends that gets about 2 mpg around town 😂😂 but lots of smiles per gallon.
@@jimsouthlondon7061problem is EVs have objectively poorer performance than ICE vehicles. Therefore your comparison with moving from horses to automobiles is laughable.
Well, no. They aren't. Sorry. My business partner has an 11 year old Leaf, that he bought second hand 8 years ago. Today it has less than 60k of range, which is more than they ever need in a day, and it charges overnight, using super cheap power, every few days. In 8 years he has replaced the brake pads, the tyres, the cabin filters, and the windscreen wiper blades. Nothing else. So yeah, compared to any gas car, this little Nissan has cost almost nothing. And it owes him absolutely nothing. And it refuses to die, with gentle charging at home. And I also know a guy who runs a 1997 Honda civic, which is just about the cheapest gas-powered motoring you could ever have. The Leaf smashes the Civic. Hands down. Sorry. Their numbers simply do not lie. Now, there ARE a lot of people taking big losses on EVs. But there also savvy people, making careful choices, and saving a bundle of money. ALL forms of extremism are misguided.
@@Chris.Davies There is a video on RUclips of a man who purchased a Leaf that showed it still had 60 kilometers of range. The battery became drained before he'd driven the 30 kilometers to his home. Purchasing a used EV is a gamble. When the Leaf's battery does die - and it will - the car is worth only what a scrap yard will pay for it.
I had a gas standup scooter... use to drive the thing from town to town on the atv trail... it was a blast and could fit in the truck of my car... wore out the transmission and fixed it and still drove it for a while afterward. Then years later I bought an electric standup scooter... thing could only go about 3 miles before the battery dies.. ive only driven the thing 5 times.. piece of junk
ford mach-e currently sold 55'000USD battery replacement cost is +-35'000USD what's the car worth past the 1st owner ? what's the car worth when you need to change the battery ? zero it's a whale-sized e-waste
The funny thing about EVangelists is their eternal optimism... A$86000 for a ten year old car of any kind is laughable unless it was originally a million dollar supercar!
Good. People who bought EVs knew full-well that they needed to keep driving that car for 10 years to counteract the environmental destruction caused by it's creation. Anyone trying to sell their EV after 2 or 3 years is a vile person. EV OWNERS... YOU PLEDGED 10 YEARS. YOU HAVE TO DRIVE THAT CAR FOR 10 FRIKKING YEARS. THERE'S NO BACKING OUT NOW.
Lol greenie weenie math. They didn't pledge anything. And no matter who drives it or for how long, it's not going to bring back the kids dying in the cobalt mines
@ldnwholesale8552 No, when the battery dies you can take it out and use Fred Flinstone power, seeing that there's a big hole in the floor, yaba, data door.
Nahhhhhh..... If tesla or anybody actually cared about the environment, all ev's would have less power capability than the junkiest 3 cylinder petrol car. Having 1300 hp and 2000 torque in a tesla doesn't help the environment. A high hp tesla wastes more energy than a 55hp Ev., but nobody would buy them! 😂😂😂 See, to recharge a battery, takes coal and natural gas production. The faster you are able to drain any size battery with a heavy "load", will cause you to recharge the battery again and again, sooner than a low wattage ev. More charging mean the more burning of fuel. Very simple concept.
The repair costs have demonstrated that EVs are basically disposable vehicles, they're too expensive to repair, they're basically throw-away cars. A 2015 Tesla S is basically totalled, the battery is two years out of warranty (not even Tesla trusts it), and the battery replacement costs are over $20,000, with wear-and-tear repairs on top of that. Given their extreme complexity (including software, so much software...). EVs are also infamous for hidden problems (everythings fine when you get home at the end of the day, then the very next morning the car refuses to run, it's effectively dead, with a screen full of extremely expensive error messages.) The buyers all know this now, and nobody sane wants an EV.
Comments such as yours are so useful and worthwhile. Every little bit counts in bringing down this NetZero sham and infringement of people's right to choose. Elon is talented in so many ways but he backed the wrong horse with his Electric Vehicles, he should have realised that they are the dregs of the motor industry.
Yet people can make a living buying and selling them. To correct your statement: A NEW car is NOT an investment. Sales tax, government duties and manufacturer profits are removed from its value the moment you drive it off the lot.
I would agree with you most of the time, but some cars are investments. Look at the prices of older Ferraris. How's the market in McLaren F1s? If you'd bought a late 1980s Saab 900 Aero around 10 years ago for AUD6.5K, you could have sold it two years ago for AUD35,000.
10 year old EV has no value it is a liability. He should take the $53,000 and run. $53,000 buys a very good new ICE car or two new average ice cars. Who would buy a 10 year old ev with all the problems?
No one is paying $53k (AUD) for a 10yr old Model S. Sellers are struggling to get much more than half that in the US. It's a crap shoot just owning the thing.
@@robertkubrick3738 yep just like some EV owning youtubers discovered they will list the car for a price but no one especially dealrships will buy them
Owners complaining that newer Teslas are comparatively cheaper than those purchased by early adopters are being delusional. Anyone surprised by this well-known phenomenon should be angry with themselves.
@@stephenw2992 Can still remember seeing a 4K TV in JB Hi-Fi in the mid-late 2010 with an asking price of $20k. I asked the guy there how many people have bought one and he replied with "none". A year later they were under $3k.
Basically the depreciation is faster than you can sell it. The only way to beat this curve is to offer it far below the market value of the day and be the cheapest offer on the market. And then hope an pray that there is at least one sucker out there to take the bait.
Why anybody would buy an EV let alone at Tesla, in the first place, is beyond me - with faulty everything; faulty and poorly operating and inaccurate self drive; Lane change correction software which threatens to throw you into oncoming traffic; buggy software issues; updates that can't be downloaded; touchscreens which force you to take your eyes off the road just to use the damn car; brakes that don't work; accelerators that gets stuck on; batteries that go up in flames; doors that lock in a thermal runaway - locking you inside the car; depreciating values; increasing insurance costs; inability to charge both at home and anywhere else in the country - let alone in the city)!
Not to mention it spying on you and people around the tesla office passing around still pictures of your underage daughter changing in the car at the beach.
Got more points for you ; 1. Kid battery mineral labor 2. Some people get extreme range anxiety 3. Much higher risk of garage fires...... 4. Paying $15k to $20k more than a comparable vehicle.. 5. every time you fuel up an EV, the fuel tank gets smaller and smaller. Battery degeneration. 6. Poor resale value. The porsche Taycan turbo S model Ev, loses over $100,000 dollars in value, in just 4 years time. That's $100k!, or $25k per year. A Nissan leaf Ev loses over half its value in 2.5 years. Here's a little joke ; how do you double the value of an Ev, when you go to sell it?.... Answer; you leave a $1 coin in the glove box. 7. Much reduced performance from the battery in the cold, on the highway. 8. Higher repair costs, where many, many mechanics refuse to work on them or aren't trained to do so. 9. Awful charging network experiences in the weather, without restrooms. 10. Higher insurance rates. The UK is a great example. 11. Replacing tires more frequently. Michelin states that tires wear out 20% faster on an Ev, and could be as high as 50% faster! Ev tires made for ev's, cost 20 to 30% more, than regular tires for ice cars. As Ev tires wear out, they leave behind more tiny particles of rubber than normal ice cars. This causes more pollution. 12. Death by autopilot, if you use it in cars that have that feature. 13. $15k - $35k battery 14. Low km range per tank of energy. 15. Sometimes, you must wait in-line 1-2 hrs to charge. 16. Then wait more time to charge, while charging. 17. Spontaneous combustion, with no way to put out the fire storm. 18. If they catch fire in a tunnel, many people will die. 19. People without a pro charger system or a parking spot at their house, will run an extension cord to the road, which is dangerous and could lead to people tampering with your charging setup (super slow charging at the road). Currently illegal to run an extension cord to the street in most places. 20. If you're in California, you won't be able to charge your car past 4pm because of a shortage of electricity supply on the cheesy grid. 21. It is not actually "green". The pollution is made at the power station, and during the manufacturing process, not the car. In advance of the Cop26 climate conference in Glasgow in 2021, Volvo released figures claiming that greenhouse gas emissions during production of an electric car are nearly 70% higher than when manufacturing a petrol one. 22. Only 5% of used junk batteries get recycled, the rest go directly into the bin. It's cheaper to mine for new minerals. 23. Chhinna actually does 70% of all the refining of the minerals and production of the batteries. 24. Minerals are becoming more and more scarce, and the cost will only go up, not down. 25. Some countries where they mine for lithium, actually use a very big boat load of fresh water to only produce 1 ton of lithium, so they are afraid of running out of water. It takes over 2 million liters of fresh clean water to produce 1 ton of lithium.
And more....... ; 26. Ev cars will soon not be able to drive in tunnels or be able to park in underground parking garage and probably will eventually void your house insurance if you park it in your personal garage..... 27. It is very hard to charge your battery at super stations when it is bitter cold out. Look to Chicago news for this situation. 28. If a fire truck comes to put out an Ev fire, all the chemicals go directly into the sewer or storm drain system, poisoning everything. They need tons of water to slow down the burn. They can't actually put the fires out, they are only trying to prevent other things near by from catching fire. 29. Ok, there are 2 good things; regenerative braking, which charges the battery while you are slowing down on the highway, which saves your brakes from much wear. It has come to my attention that some people set up their regen system for maximum regen while taking their foot off the accelerator pedal, and not "coasting". For best mpg, you must coast more. You need to "hyper mill" for best mpg. If regen is set too high, passengers will end up puking. This happens because the car is too quiet and accelerating and slowing down to fast. 30. Loss of fuel tax revenue, so now the roads will only get worse, not better, but... The state of new Jersey will have a new annual road tax for Ev buyers, starting July 1st, 2024. The fee starts at $250 in July and will increase by $10 until 2028, when it reaches $290. EV buyers in the state will also have to pay four years of registration fees upfront, making it significantly more expensive to purchase a new electric model. Other states also have their own way of collecting money. 31. in Dublin, huge diesel generators are being used to charge EV buses, due to electrical grid strain. buses in Athlone also cannot be put on charge until midnight, for the same reason. Bus Éireann is saying that they can't charge their buses until 11pm for the same reason, and to avail of a lower tariff. 32. Not everyone on earth even has electricity to charge their cars. What are they supposed to do in 2035? It's easy to get a bucket of fuel to power up a regular car. 33. VCE, or "vapour cloud explosion" is very bad. If any battery, typically anything larger than an E-scooter battery, and especially only "half" charged. If a problem occurs in the cells, it might not catch on fire right away. Instead, a cloud appears, and then may be ignited a short period afterwards. There are 2 different types of vapour clouds that appear; heavier and lighter than air, which form will be dominate, can not be predicted yet. This produces a bomm. 34. For Ev transport trucks, they aren't allowed to carry the same payload as a diesel truck, because of the massive weight of the battery. The owner of the Ev truck therefore loses potential profit, every day. They also lose more profit for the waiting times for charging that Ev truck. The driver will get paid to charge the truck, which in turn forces the owner of the truck to lose more money. 35. Ev cars are more likely to be written off, if they experience a minor collision. After the collision, something could have upset the structural integrity of the battery. 36. Ev cars lie to you. If you are bold enough to go out on a decent road trip and its 210 miles, one way, and your Ev tells you that your battery will last you 223 miles, there had better be no hills, or excessively cold out.... You'll probably get stranded, trying to get to the charger, at the end of the trip. Ev's have left many families stranded already. 37. Ev's and their batteries, will soon need their very own "passport". With all info about them when born, and current info about them (power output, resistance, mineral composition, etc.) 38. Thieves stealing charging cables, will soon make it impossible to "fuel" an Ev car. They take a long time to replace the cables, just to have them cut again for scrap money. 39. Cars were typically being made lighter and lighter using aluminum and or fiberglass and or carbon fiber, to reduce emissions and pollution. Ev's are only getting heavier and heavier, causing more pollution than ever. Remember, an ev's pollution is made at the power station and the dump, not at the actual Ev, except for the tire particles as mentioned above. 40. More on spontaneous combustion of the battery. What if you had 3 children strapped into car seats, in the back seat, which kid do you rescue? More fires start so fast, there is hardly any time for even the driver to escape, let alone 3 kids strapped in. 41. There must be a reason that Boeing 787's aren't battery powered.... Until jets are battery powered, I'll be sticking to fossil fuels for my mode of transportation. 42. Can't bring an Ev up north in the woods, nor any battery powered chain saws, where there are no grids to charge them up. You would need a huge amount of solar panels to get you anywhere. 43. Even Mr. Bean, (Rowan Atkinson) says; "I love electric vehicles - and was an early adopter. But increasingly I feel duped". "When you start to drill into the facts, electric motoring doesn’t seem to be quite the environmental panaceaa it is claimed to be." "It seems a perverse choice of hardware with which to lead the automobile’s fight against the climate crisis." Mr. Bean (Rowan Atkinson) is a smart man. 44. There isn't a used market for ev's. How are teenagers going to buy and insure a $50K Ev... (take your pick: either $50,000 new or a $20000 used EV that needs a $20K battery replacement in a few years)?? A teenager can buy a used $1k ice car and be set up for 5 years, no problem. 45. Even if large transport trucking companies have a service where they could just swap out their pouch batteries for a freshly charged battery, the lifespan of the battery would be greatly reduced to maybe a couple of years. Recharging a huge battery 3 or 4 times per day would really hurt the battery in short order. 46. If an Ev car goes up in flames on a huge cargo ship, the whole cargo ship sinks. Happened many times already. 47. Many many people claim that driving in an Ev makes them, their family and their dogs sick. Motion sickness. 48. With the extended charge times in the public, there is a much greater chance of getting mugged or car jacked. In a tesla, if you see a criminal gang heading right towards you to mug you and steal your tesla, you can't just drive off. You must go outside, disconnect the charger, go back inside your tesla, turn it on, put it into drive mode, and then attempt to flee the muggers, with the little time you still have remaining. In a regular petrol car, all you must do is put it in drive or 1st gear, and flea the situation. The fuel pump hoses have nice quick-disconnect couplings that pull apart when you go to attempt to flee criminals. This saves much time, your car, and potentially your invaluable life! 49. When your Ev is at 10% Battery left, and you head out to find a public fast charger bank of 10 fast chargers, and they are all full, and ok, some aren't working, and there is a line up of another 10 cars in front of the fast charger bank, you might not be garenteed that once you actually have access to a "fast" charger, that it will actually be capable of "fast" charging. You see, there is only so much power alloted to a full bank of "fast" chargers. You will get fast charging for maybe 5 or 6 chargers being used at a bank of 10, but connect 7 or 8 or 9 or 10 ev's to that bank of 10, the bank as a whole will throttle charging power output to all cars, so as to not fry all the wiring of the bank or blow the fuse or breaker. With 10 cars charging at that bank of fast chargers, it will become a bank of "slow" chargers. I would have of thought that this would be designed into a fast charging bank. Some charging stations might not throttle you down. 50. BMW i5 Ev cars and some similar models of BMW protect their battery life. If you DC "fast" charge to many times, a message pops up saying that you must wait 2 days to "fast DC charge" again. This protects your battery. Some say that you can DC fast charge, but at a reduced rate, and some say that the alarm resets once you ac charge 1 time. 51. With the promise of "better, cheaper battery technology", many people are waiting for that technology to arrive... (allegedly). That is pushing down the price of current Ev sales. This also pushes down price of the used Ev market. When Tesla continually cut down the price of new ev's, to artificially stoke demand, it also pushes down the price of all used ev's as well. 52. Right now, the cost of throwing out or recycling your Ev Battery is $zero. One day, I'll imagine that there will be a heavy fee to get rid of your battery (allegedly). 53. Regular ice cars almost never burst into flames, by themselves, while not being used, while ev's tend to burst into uncontrollable flames by themselves, with the owner nowhere to be found. 54. Some, if not most, "battery powered" firetrucks also include a diesel engine, for when the "tuff" gets going. So not only does the main battery get charged up on the grid, where "fossil fuels" get burnt to produce electricity, when the batteries go flat, "fossil fuels" are there again, to save the day. *not all of these points affect every Ev, or Ev driver, or every Ev charging station or bank* There's this Ev van company called "Arrival", in the UK. It's been around for 10 years or so. It was worth around $13 billion just 2 years ago.... They didn't sell a single unit, and are now bankrupt.
Saw a Mitsi. similar to mine in a yard near us recently. It was a year older and had done over twice the kms of mine and they wanted what I paid about 5 years ago.
@steveinoz8188 US has full-size trucks from the big 3 filling that role anyway; Australia has the RAM, Silverado and F-150, but LandCruiser has 50-ish years of proven reliability in Australia
Bought a hilux that was 12 years old. I had it for over 10 years and it got some problems I didn't have time to fix before moving but the local mechanic bought it. Think that would happen with one of these EVs?
a 10 year old out of warranty car with 115k miles.... would normally go for around $10-15k if it was in great condition a 10 year old out of warranty Tesla with 115k miles is just scrap metal
@@bfree6197 : Exactly. They can't be crushed as they will explode. An average person can't take the battery out as they may be electrocuted. No one would buy a second hand battery. So people will have to pay big bucks to have them disposed of after the battery craps itself.
One of my customers with a Model S scrapped the car because he couldnt sell it. Oh he went back to ICE. 2016 Model S. 60,000 miles. because of battery failure it had a new battery from Tesla. Had the car for sale for 6 months. Zero interest, zero phone calls, no one came to see it. So he took it to the scrapyard.... They then charged him £2000 to dispose of it. Even the scrapyards dont want them.
I´m a vaper. Even for my vape i would never buy a second hand batery. I live in a condo, no charging opportunity within 10 minutes of walking distance, 4 chargers within 20 minutes, allways occupied by hire cars (MILFS :P). My last ICE car lasted 22 years, a new EV would cost at least double the money I payed for that one and will not even last 10 years until it will become a writeoff even without having an accident. WHY would I buy an EV?
This of course is another problem with the cutting out of the dealers and direct marketing from the factory. I know people think that the dealers make a fortune and I just a greedy middleman but they have a vested interest in the vehicles and then taking yours back as a trade, whereas Tesla only want to sell new cars. They have no interest in your second hand one and so therefore they don’t care what happens to the value. They just want to move stock, like a shoe store or a clothing shop😂
Even Dealers dont want EVs, they only take it if you buy a new one. Someon in England wanted to sell his Taycan to porsche Dealer and the offer for a 3 year old 120000£ Car was 48000£ if he buys a new one.
Of course they don't care about the used ones, their own representative in a Germany citizen lawsuit against Tesla stated their battery was designed to last as long as the car, 136,000 miles.
You mean, like a "throwaway device", right? This EV battery technology makes these vehicles like a smartphone: you use it for a few years, then throw it away,and get another one,right? So, EV owners, expect to "cough up" another $50K, every few years, or so. Meanwhile, I'm enjoying my 2022 Honda Accord LX (a 22-year-old vehicle, still running good), that I bought 6 months ago, for $2,000.00 Eat your heart out, EV owners!! How can you compare $50K times 3 or 4 or 5 or 6, over 22 years, with my $2K, huh? I have a "gas burner"--and EV owners have a "cash burner"--for sure!!!!
@@melissasmess2773 I agree I was using my comment for a comparison of great cars with other so called great cars, Tesla is supposed to be a great car but loses value rapidly but muscle cars only increase in value. But I agree with your statement
I have been reading a book about Zero days and Stuxnet!! People and governments should think long and hard before abandoning our old gas driven petrol cars 🤔
I want back my taxes that financed EV buyers! Also refund me for the higher hydro bill, the financing of charging station and for the upcoming battery plant that is about to be built in Quebec, as well as for the production plants in Ontario. Ah yeah, I am from Canada. Last month, I was speaking with the general manager of the local GM dealer, he was telling me he was refusing the buyback of EV for those wanting a ICE car or truck, since he cannot sell them on his lot, nor to auctions.
If only there were some sort of equivalent electronic devices that plummet in value when they're a year or two old due to battery degradation and outdated hardware. Something that could be far less expensive than a disposable car, but still have a noticeable drop. Something we could hold in our hands and fit in our pockets and carry around with us all the time. Something we could "upgrade" every year or two when the current device has lost its luster and value...
I have been using the same phone for the last 8 years and it's had 2 batteries replaced. I have a new in box phone exactly like it for when this one wears out, it has a 16:9 screen ratio and some people ask me where are the black bars when I display media, why is the text easy to read? Why isn't the caption cut off? People forget so soon.
The Chinese Volvo* company ran a commercial saying that the car is just like a big phone. To be fair, that was truth in advertising. * i’ve owned two Volvos over the years and I will never buy another one, as they have walked away from their safety history. They did include safety as a consumer concern, and one of their commercials where they have a supposed mechanic telling me how much he cares about safety, where he *wears a lip ring*. It just oozed ‘modern audience’.
More like renting it, basically you're paying the depreciation of the vehicle monthy. E.g. if the lease payment is $350 a month that's how much that vehicle depreciates. Depends on the length and terms of the lease. Scary part of leasing is that at the end of the lease some people think they can just "walk away" that's not always the case. Sometimes you can be hit with mileage fees (over allotted miles/kms, 25c and up per mile over) also addition depreciation (dealer appraisal) that occures because the resale market for those vehicles dropped further that anticipated. For some of those EV owners they're screwed for the entire time they have that vehicle.
my neighbour's 2 year old £80K when new Mercedes EV is now worth next to nothing. The dealer he bought it from won't even offer him a price to buy it from it.
One thousand dollars a month depreciation added to the $500/month insurance, tyres, electricity and health implications of intense anxiety make EV ownership just so attractive....
My ice depreciates at about $100 a month, and my insurance is about 140 a month, while you say that EV's depreciate at $1000 a month, and pay $500 a month in insurance, huh? I guess that my 22-year-old, gasoline-burning, 2002 Honda Accord LX, that I bought 6 months ago for $2,000, and pay $1,665 per year, for insurance (about $140 a month), is a much better deal, huh? And even with historically high gas prices, I still only spend about $60 a month,for gasoline, too...meanwhile: no more walking to the stores, for groceries, no more bus rides to my girlfriend's place, and I can go to any bar in the area, at night--and beat the hell out of any young twenty-something, on any pool table, anywhere, anytime (or, go to any senior center, or church dinner, and eat like a "road hog", etc, or go to any local park, and get sick from eating too many ripe blackberries, raspberries, etc, in this summer heat...ha haha haha--life is good, at 72, for me, my friends! Ha ha ha ha ha ha ha ha ha ha ha ha ha!)
Everyday cars are no investment. EV owners that have been given subsidies should be paying back the taxpayer. I didn't agree for rich bastards to have a free ride on our tax money.
@@Diponty I never said they didn't. That's the exact reason I follow Battery cars. I'm in the 40% tax bracket and I paid for a couple cars for someone else I will never see or drive.
A car is not old when it has been used for 4 years. EV owners need to use their EV atleast 6 years before any Netzero occurs. My car is 11 years old and drive, almost, as good as when new. It is, ofcourse, a gasoline polluting enviromental disaster on 4 wheels :) ROFL And, unlike ICE, an Ev`s battery will degrade over time, so the longer it takes to sell it, the longer it takes to sell it.
The first owner of an EV doesn’t have to drive it for any particular time to achieve the nett zero point. All that matters is that the EV continues to be used by subsequent owners. The nett zero point still happens. Just happens with a different owner.
Germany withdrew the taxpayer funded subsidy on 31 December 2023 and the EV market has fallen 30%. Australia has the NO-FBT deal on buying EVs which is subsidised by ordinary taxpayers, many who will never own a new car. Withdraw that as the government should and the EV market here will crash!
I find it puzzling that someone in Australia would buy one, when the performance of the car/battery is affected by high temperatures, especially so since they claim temperatures will continue to climb because of climate change.
Tesla's on average over 3 a year period loses 30% of value each year during that 3 year period of ownership. The average owner cannot afford this. Cars are not an investment, but they cannot be a total loss either!
@@Thyalwaysseek That is true, but most cars are not. I don't know many people who don't have a lot of money to begin with that want to buy a car that costs upwards of 100 grand (USA dollars) that only lasts about ten years.
For decades cars have been increasing in convenience like aircon, power windows, power mirrors, power seats with memory. Anyone who’s had one of these conveniences would have a very hard time going back like when the auto feature of my electric window was playing up, I was annoyed at having to hold the button for a whole 3 seconds. Could you imagine taking a HUGE step back in convenience where it now takes 10 times longer to refuel your car, or wait in line for 1/2 an hr. Even if you had your own charger it would be annoying having to plug and unplug every day vs going to a servo once every week or 2 where you can get a snack while you’re there anyway.
I could live with having to manually wind the window or not having power steering. Aircon though...not so much for comfort but actually being able to see is what makes that so good.
@@jimsouthlondon7061 Ever see 60 year old tractors out plowing? I have. Ever seen antique car shows? I have. Ever seen firefighters try to extinguish an EV fire. I have. It's not a pretty sight.
@@DCGreenZoneMy 1949 Ford tractor just now needs its first engine rebuild and I just might replace the four foot long wiring harness because I am feeling flush. Where will lithium powered milk floats be after a long lifetime of use?
@@chrisfallis5851 My dad had a Ford 800 Workmaster iirc the name, the lithium will be in the atmosphere or the water supply. There's 4020's around here still working every day, synchro range transmissions and powershift.
How much are these cars when NEW in Australia?????? In the UK- and I've just looked on Autotrader- 2015 and 2016 Tesla Model S's are going for around £13,000 to £18,000. That's $24 to $34,000 Aus. $86,000 is £45,000- that would get you a 2020 model with very low mileage. (Or a rather nice 2019 Porsche 718 Cayman) I know Australia is a very expensive place to live, but blimey, that's THREE times the price as in the UK!!!!
New EVs are unsellable, dealers can't even give them especially the Leafs. Ironically the cheapest EV proving it has nothing to do with affordability. "The reason everyone isn't going ev"
Even putting aside the effects of the end of the EV bubble, it seems that owners have completely unrealistic expectations for the second hand prices of their cars. That 2015 model--that's a ten year old car, right? Even a Lexus will lose a high percentage of its value after ten years.
'Cheap rubbish from China'...does that include our Chinese made Teslas ? Probably most Tesla owners here have no idea that their car was made in China..
Too true. Every Tesla in Australia is chinese made. Tesla's are loaded with problems anyway so when you add in poor quality chinese manufacturing you have bought something that was worthless before it even hit our shores.
I'll be keeping my 7.3 powerstroke f-250. It's the greenest vehicle , it's 22 years old, has 8 cylinders and a massive turbo, every component is serviceable and rebuildable and can be done mostly by a competent owner and no egr,dpf adblue or common rail injectors and it's already depreciated and is actually going up in value. Simplicity wins.
im happy with my f250... sorry. fzr 250... only has 4 cylinders, age is vague (grey imports, lol) but lets say its 33 years old, and yeah... if i strap a turbo on, its going to be pretty small!
Even my self build home battery can't compete the grid. It barely breaks even. My main reason for installing it is the absurd price for electricity and the serious blackout issues we are facing here in the Netherlands.
There is a RUclips guy in the US who bought a Tesla Cyber Truck for $110,000 and 2 months later he tried to trade it in because he doesn't like it, the best trade in offer he had is $56,000.
G'day Simon. I have to admit that I was sucked in by the EV hype and was saving for a new EV purchase. But since watching your channel I am now convinced that EVs are a terrible idea for both my finances and the good of the planet. Thank you for bringing me to my senses.
Intrinsically, EVs could have been extremely simple with tiny software, amazing reliability and next to no maintenance … But the manufacturers missed an open goal and went diametrically the wrong way. All in the name of ‘added value’ so they can charge more $$$$$.
In theory yes, but that would be long jorney untill this might happen. It requires a lot to make them simple. The first thing it must have a safe battery and easy maintenance battery. It requires lots of mechanics to be qualified to make repairs. I wanted to buy salvaged EV to take out battery. I was not able to find a mechanic to take out the battery. They all saying we're not quialified. They recommended me to go one shop and that mecanic told me he wan't be doing this for me. End of story.
Did these people think they were investing, or buying a car? I don't get it. Nobody buys highly technological hardware and counting on it holding its price.
I presume values are dropping fast in the UK too. Oh I feel so sorry for them ! ( not ) The solicitors will be busy again soon , like the PPI scandle ......
Japanese cars were cheap in the sixties and seventies, the styling was rather different but they were reliable, certainly not rubbish, same goes for electronics. Then there are motorcycles, ultra reliable bikes from Japan sadly killed the British motorcycle industry. Similarly, nobody could compete with their shipbuilding quality and production rate.
The Japanese lifted their game in short order as they have an entirely different moral and ethical mindset to China and its peoples. China is a communist country with a staggeringly huge enslaved populace and workforce etching out a meager existence under a totalitarian regime. Human rights mean nothing there. Excellent quality product coming out of China is the exception rather than the rule. There is little pride involved in making consumer goods for the rest of the world when most of it isn't even product you could ever afford to buy yourself. In fact I wouldn't be surprised if their wasn't a bit of sabotage going on by unhappy workers. To compare the two countries and expect China to rise to the same level of consistent quality that Japan did is laughable.
@@robertkubrick3738 The N360 was sold in small numbers in the late sixties, just as I was starting my 10 year career in a garage, never had one come in to us, only saw a The odd one on the road. A replacement for bubble cars and similar, we did have a customer with a Messerschmidt come in regularly, I remember it was easier to pick it up and turn it around than trying to reverse it. Had a dozen Japanese bikes in my time, ranging from 250 up to 1400cc. Never once had a breakdown or repair needed outside servicing.
What happens when these petered out EV's are dead and no longer sellable ? Are they considered hazardous waste and can they be disposed of at traditional wreckers ? How are they made safe in order to avoid catastrophic lithium fires ? Will the last owners face premium fees for disposal ?
Many citizens, of all social categories, only look at the payment. If they can afford the payment, they think they can afford the car, not unlike Challengers & Chargers all across the USA destined for a repo car auction. And subsidies, of course. One must remember that all Americans are paying for those cars.
EV? I don’t need one, I already own a toaster. And that’s not a joke. I paid equivalent of $15 dollars for it 5 years ago, it has never failed me and done the job it was meant to do without a single issue. When it finally gives up then I’ll hand it to the recycling yard and not get too upset about the depreciation.
@@MookMineolaThey can make good stuff. Manufactured obsolescence isn’t something the Chinese factory workers decided on, whatever international corporation designed these modern appliances wanted them all built like shit.
I don't think so. I can't see the religion of belligerence putting up with this. No way. Brits may be weak but Asians aren't. There'd be civil war over cancelling cars. It'd also put them in government.
I think most of this is on the owners this time. I mean even if these were gas cars nothing short of a highly desirable exotic or performance car is going to command the prices they are asking for. $86k for a 10 year old car with 115k on the clock even assuming that it only has normal wear and tear? That is insane pricing without a very good reason and then on top of that you have the likely battery swap looming over the next owner since it is an EV. I know that modern Australians are stupid and barbaric but this is something that even children would understand.
I'm a retired miner so I know next to nothing about the nuances of the EV market. But about five years ago even I could see that the EV business model was broken and have been telling everyone who will listen that EV's would be worthless by 2027. Well, the market beat me to it, it seems - they're worthless now. But worse is to come - it won't be long before there'll be some outrageous fee to have your un-sellable shit box ecologically disposed of. The big laugh is in seeing all those idiot duck squeezers who bought those rolling liabilities now getting screwed for believing they were solving a problem that never existed in the first place - climate change. Serves them right.
how long has the climate change game been going on for? two generations now? every day, every where i look, there is some mention now of carbon, climate, man induced... its mainstream, ingrained now. a psychosis... its worked on some people! refreshing to read some dickens or stevenson when such things where of no concern!
EVs are a great way of turning $100,000 to NET ZERO.
:) giggles!
"Oh, ha ha ha ha, ha ha - nice one Centurion. Like it, like it" Monty Python's Life of Brian.
Oh, your being serious.
🎯 good one!
😂😂😂
So true 😂
In Germany used EVs are literally unsellable. Same cars are sitting on sites for an eternity.
Bricks have no value.
Wait until the gov. institutes hazard material “disposal fees” on them?!
I've been following the classifieds in Australia. It's the same thing here. Asking prices are typically so far above valuation that it's laughable. I've seen a couple of cars advertised for over 6 months with numerous price reductions.
@@Hope_Boat They do. But EVs don't.
@@Hope_Boatthat's offensive to bricks
Ludicrous government mandates
from
Ludicrous governments .
Luton-caus
Given power by ludicrous voters.
50-100k for a car whilst average joe is going broke
The local state member who heavily pushed government policy on energy and "science-aligned action on climate change" is retiring. He's got a 'corporate career in the energy sector' waiting for him. No surprise
Money talks when you buy an EV, it says goodbye.
😂👍
@@johnnieboy5381 👍
😂🤣🤣🤣
@@charlesb7019 👍
@@johnnieboy5381 👍
I have absolutely no sympathy whatsoever. They bought an attention getter, a "I'm very impressed with myself because I'm important and special."
Big ego brainwashed idiots buy EVs.
At this point I hope they have to pay somebody to take them.
@@earth2006
As a modest and humble owner of a bright red Corvette, I am not seeking attention. In fact sometimes I forget to tell people I drive a Corvette. However I never have to tell anyone how much money I have lost to depreciation.
Exactly! I know one of those. He has always spoken about his Tesla with a ‘Holier than thou’ attitude. Ha! Too bad. So sad. 😂
Are you suggesting that people bought EVs to broadcast their virtue signalling credentials? I’m shocked, SHOCKED!
$ 50,000 for a 2015 Tesla would still be a lot. It is basicly an old battery on sale. These owners live in a bubble.
more likely that they came into wealth... rather than earned it
... a fool and their money are easily parted.
I just looked at an ad here in the USA, 2021 Tesla model S, 67,000 miles for $21,000
A loaded 2024 Honda Accord EX goes for a sticker price of US$29,605. This is a car that will go 100s of thousands of miles and gets almost 30 MPG. I have a 2017 Accord and I experience zero mechanical issues, and it takes less than 5 minutes to fill it from nearly empty.
yep as soon as EV becamse a thing I had my catchprase at the ready "when did you last buy 2nd hand rechargeable batteries ?" we know the answer no one and no one would be interested in that market
@@fredEVOIX Attached to an old secondhand laptop with no right to repair.
A local federal politician came in to our shop recently and said the exact same thing to me over the counter. He said "do you know how much -popular local car dealer- will give you for a trade on your 12 month old Tesla?" I said "how much". He said "zero" and laughed pretty hard. This stuff is well known in the halls of power. Here's a spoiler, they don't care!
I prefer a 5.0 litre V8 Mustang!
Kingswood Forever! (Monaro GTS 350)
KTM 300 pinging 🤩👍
Yeah I daily drive a 5.0 xr8 and get between 8 and 9.5 km/l which I'm happy with and it's almost trippled in value over the last 4 years here in nz. Same with the 2.8l 1990 hilux I own, cheap to run and has gone up in value and I have a big block 67 Chrysler to play with in the weekends that gets about 2 mpg around town 😂😂 but lots of smiles per gallon.
@@terrenceseymour Absolutely agree!
I used to want a Mustang until I saw they made a 2.4L version. Way to destroy your brand.
Fools and their money 🤣🤣🤣
Soon part 😂😂😂😂
Evs, the gift that keeps on giving.
EVs are the grift that keeps on gifting 😮
EVangelists will be licking their wounds but will never admit it in public. No problem if you're rich though, aye.
You have misspelled "taking".
If you mean gifts that continuously cause you problems , break down and depression that drops off a cliff....
That's one hell of a gift ....
@@waynehewett4017 Virtue signaling is a hell of a drug. The gift is commensurate.
I am glad EV'S are just junk and I will never buy one
That what old dead people who rode horses and carts said about “the new fangled horseless carridge” in 1899
Me either.
@@jimsouthlondon7061Cope harder! 😂
@@jimsouthlondon7061problem is EVs have objectively poorer performance than ICE vehicles. Therefore your comparison with moving from horses to automobiles is laughable.
@@jimsouthlondon7061 Your analogy is so poor it borders contemptible. The automobile was better than the horse.
Every EV is financial suicide.
Well, no. They aren't. Sorry. My business partner has an 11 year old Leaf, that he bought second hand 8 years ago. Today it has less than 60k of range, which is more than they ever need in a day, and it charges overnight, using super cheap power, every few days. In 8 years he has replaced the brake pads, the tyres, the cabin filters, and the windscreen wiper blades. Nothing else.
So yeah, compared to any gas car, this little Nissan has cost almost nothing. And it owes him absolutely nothing. And it refuses to die, with gentle charging at home. And I also know a guy who runs a 1997 Honda civic, which is just about the cheapest gas-powered motoring you could ever have. The Leaf smashes the Civic.
Hands down. Sorry. Their numbers simply do not lie.
Now, there ARE a lot of people taking big losses on EVs. But there also savvy people, making careful choices, and saving a bundle of money. ALL forms of extremism are misguided.
@@Chris.Davies There is a video on RUclips of a man who purchased a Leaf that showed it still had 60 kilometers of range. The battery became drained before he'd driven the 30 kilometers to his home. Purchasing a used EV is a gamble.
When the Leaf's battery does die - and it will - the car is worth only what a scrap yard will pay for it.
I had a gas standup scooter... use to drive the thing from town to town on the atv trail... it was a blast and could fit in the truck of my car... wore out the transmission and fixed it and still drove it for a while afterward. Then years later I bought an electric standup scooter... thing could only go about 3 miles before the battery dies.. ive only driven the thing 5 times.. piece of junk
ford mach-e currently sold 55'000USD battery replacement cost is +-35'000USD what's the car worth past the 1st owner ? what's the car worth when you need to change the battery ? zero it's a whale-sized e-waste
Exactly. People think that owning Tesla makes a difference. Leftists are dumb in general..
The funny thing about EVangelists is their eternal optimism... A$86000 for a ten year old car of any kind is laughable unless it was originally a million dollar supercar!
Tell him he’s dreaming son!
@@beedoox5613 Wasn't a Battery car though was it?
86 K for a second hand battery, now there is a deal not to miss.
Err ok then. Please direct me to the 1mil supercar thats only 10 years old and now a miserly $86k I’ll take 10 thanks.
I am sorry, but 5k sounds more appropriate than 50k for a car that age and mileage.
Good. People who bought EVs knew full-well that they needed to keep driving that car for 10 years to counteract the environmental destruction caused by it's creation.
Anyone trying to sell their EV after 2 or 3 years is a vile person.
EV OWNERS... YOU PLEDGED 10 YEARS. YOU HAVE TO DRIVE THAT CAR FOR 10 FRIKKING YEARS. THERE'S NO BACKING OUT NOW.
@MarkHardstaff-p8m I liked the emphasis myself.
Lol greenie weenie math. They didn't pledge anything. And no matter who drives it or for how long, it's not going to bring back the kids dying in the cobalt mines
😂😂😂
HA.
Lol I unironically like this comment. Love the slightly hysterical edge, very appropriate 😅
They wanted to save the planet ... Drive your tesla and never sell it!
When the battery dies you can then pretend to drive it. Or buy a half decent proper car for the cost of a new battery
@ldnwholesale8552 No, when the battery dies you can take it out and use Fred Flinstone power, seeing that there's a big hole in the floor, yaba, data door.
Nahhhhhh..... If tesla or anybody actually cared about the environment, all ev's would have less power capability than the junkiest 3 cylinder petrol car. Having 1300 hp and 2000 torque in a tesla doesn't help the environment.
A high hp tesla wastes more energy than a 55hp Ev., but nobody would buy them! 😂😂😂
See, to recharge a battery, takes coal and natural gas production. The faster you are able to drain any size battery with a heavy "load", will cause you to recharge the battery again and again, sooner than a low wattage ev.
More charging mean the more burning of fuel.
Very simple concept.
They need to drive it for 10 years to overcome the green house gases produced during the manufacturing.
@@ldnwholesale8552you can buy a brand new gas car for the price of a replacement battery.
The repair costs have demonstrated that EVs are basically disposable vehicles, they're too expensive to repair, they're basically throw-away cars. A 2015 Tesla S is basically totalled, the battery is two years out of warranty (not even Tesla trusts it), and the battery replacement costs are over $20,000, with wear-and-tear repairs on top of that. Given their extreme complexity (including software, so much software...). EVs are also infamous for hidden problems (everythings fine when you get home at the end of the day, then the very next morning the car refuses to run, it's effectively dead, with a screen full of extremely expensive error messages.) The buyers all know this now, and nobody sane wants an EV.
Comments such as yours are so useful and worthwhile. Every little bit counts in bringing down this NetZero sham and infringement of people's right to choose. Elon is talented in so many ways but he backed the wrong horse with his Electric Vehicles, he should have realised that they are the dregs of the motor industry.
A car is NOT an investment
Especially ev,s😅
It is if you buy the right one. Don't have to be worth big bucks either. By the same token, a car does not have to be a money pit either.
Yet people can make a living buying and selling them.
To correct your statement: A NEW car is NOT an investment. Sales tax, government duties and manufacturer profits are removed from its value the moment you drive it off the lot.
I would agree with you most of the time, but some cars are investments. Look at the prices of older Ferraris. How's the market in McLaren F1s? If you'd bought a late 1980s Saab 900 Aero around 10 years ago for AUD6.5K, you could have sold it two years ago for AUD35,000.
EVs are worth less second hand than ICE cars…for many good reasons…🤣🪣💩
10 year old EV has no value it is a liability. He should take the $53,000 and run. $53,000 buys a very good new ICE car or two new average ice cars. Who would buy a 10 year old ev with all the problems?
I don't think anyone is actually offering him $53k, I think that's average value in Australia for that year and make but his is a beater.
No one is paying $53k (AUD) for a 10yr old Model S. Sellers are struggling to get much more than half that in the US. It's a crap shoot just owning the thing.
@@robertkubrick3738there's a nice looking 2021 Tesla model S with 67,000 miles for $21,000 in an ad here in the USA.
@@robertkubrick3738 yep just like some EV owning youtubers discovered they will list the car for a price but no one especially dealrships will buy them
$53k AUD = $36k USD
Who would buy a 10-year old EV for $36k USD? Not me, I wouldn’t buy it for $50.00.
They wanted to be the first one on their street to own a fancy new ev.now they are screwed.
Owners complaining that newer Teslas are comparatively cheaper than those purchased by early adopters are being delusional. Anyone surprised by this well-known phenomenon should be angry with themselves.
Like the poeple that paid $10k for the first plasma TVs that were $2k a year later. They got their tosser value so eat it up
@@stephenw2992 Can still remember seeing a 4K TV in JB Hi-Fi in the mid-late 2010 with an asking price of $20k. I asked the guy there how many people have bought one and he replied with "none".
A year later they were under $3k.
@@deanchur If you want a big screen TV save money and move closer to the damn smaller one you own.
@@stephenw2992I purchased a 25" CRT TV in about 1988 for $1,000, probably about $4000 USD in todays money, I kept it 10 years.
@@Dipontyuse a fresnel lens they great
The idea is that the normal person never drives again.
The normal person is happily driving around in his 20 year old Jap import!
Yes.
Exactly. Stoopid dirty plebes have always been the problem, every politician knows that.
aint that the truth!!
It’s a fools market and there is no greater fool coming along to bail you out of you EV.
Like the old saying goes, " a fool and his money are soon parted". Wouldn't say that full equates to current EV owners, but some of it is true.
To quote a famous person; "stupid is, as stupid does".
Basically the depreciation is faster than you can sell it. The only way to beat this curve is to offer it far below the market value of the day and be the cheapest offer on the market. And then hope an pray that there is at least one sucker out there to take the bait.
give ya 10 bux mate....
@@joecraig6056 Ok, but then you're stuck with it.
You will be responsible for disposing of it in an environmentally sensitive way
@@joecraig6056
SOLD !!!
Why anybody would buy an EV let alone at Tesla, in the first place, is beyond me - with faulty everything; faulty and poorly operating and inaccurate self drive; Lane change correction software which threatens to throw you into oncoming traffic; buggy software issues; updates that can't be downloaded; touchscreens which force you to take your eyes off the road just to use the damn car; brakes that don't work; accelerators that gets stuck on; batteries that go up in flames; doors that lock in a thermal runaway - locking you inside the car; depreciating values; increasing insurance costs; inability to charge both at home and anywhere else in the country - let alone in the city)!
Not to mention it spying on you and people around the tesla office passing around still pictures of your underage daughter changing in the car at the beach.
Got more points for you ;
1. Kid battery mineral labor
2. Some people get extreme range anxiety
3. Much higher risk of garage fires......
4. Paying $15k to $20k more than a comparable vehicle..
5. every time you fuel up an EV, the fuel tank gets smaller and smaller. Battery degeneration.
6. Poor resale value. The porsche Taycan turbo S model Ev, loses over $100,000 dollars in value, in just 4 years time. That's $100k!, or $25k per year. A Nissan leaf Ev loses over half its value in 2.5 years. Here's a little joke ; how do you double the value of an Ev, when you go to sell it?.... Answer; you leave a $1 coin in the glove box.
7. Much reduced performance from the battery in the cold, on the highway.
8. Higher repair costs, where many, many mechanics refuse to work on them or aren't trained to do so.
9. Awful charging network
experiences in the weather,
without restrooms.
10. Higher insurance rates. The UK is a great example.
11. Replacing tires more
frequently. Michelin states that tires wear out 20% faster on an Ev, and could be as high as 50% faster! Ev tires made for ev's, cost 20 to 30% more, than regular tires for ice cars. As Ev tires wear out, they leave behind more tiny particles of rubber than normal ice cars. This causes more pollution.
12. Death by autopilot, if you use it in cars that have that feature.
13. $15k - $35k battery
14. Low km range per tank of energy.
15. Sometimes, you must wait in-line 1-2 hrs
to charge.
16. Then wait more time to charge, while charging.
17. Spontaneous combustion, with no way to put out the fire storm.
18. If they catch fire in a tunnel, many people will die.
19. People without a pro charger system or a parking spot at their house, will run an extension cord to the road, which is dangerous and could lead to people tampering with your charging setup (super slow charging at the road). Currently illegal to run an extension cord to the street in most places.
20. If you're in California, you won't be able to charge your car past 4pm because of a shortage of electricity supply on the cheesy grid.
21. It is not actually "green". The pollution is made at the power station, and during the manufacturing process, not the car.
In advance of the Cop26 climate conference in Glasgow in 2021, Volvo released figures claiming that greenhouse gas emissions during production of an electric car are nearly 70% higher than when manufacturing a petrol one.
22. Only 5% of used junk batteries get recycled, the rest go directly into the bin. It's cheaper to mine for new minerals.
23. Chhinna actually does 70% of all the refining of the minerals and production of the batteries.
24. Minerals are becoming more and more scarce, and the cost will only go up, not down.
25. Some countries where they mine for lithium, actually use a very big boat load of fresh water to only produce 1 ton of lithium, so they are afraid of running out of water. It takes over 2 million liters of fresh clean water to produce 1 ton of lithium.
And more....... ;
26. Ev cars will soon not be able to drive in tunnels or be able to park in underground parking garage and probably will eventually void your house insurance if you park it in your personal garage.....
27. It is very hard to charge your battery at super stations when it is bitter cold out. Look to Chicago news for this situation.
28. If a fire truck comes to put out an Ev fire, all the chemicals go directly into the sewer or storm drain system, poisoning everything. They need tons of water to slow down the burn. They can't actually put the fires out, they are only trying to prevent other things near by from catching fire.
29. Ok, there are 2 good things; regenerative braking, which charges the battery while you are slowing down on the highway, which saves your brakes from much wear. It has come to my attention that some people set up their regen system for maximum regen while taking their foot off the accelerator pedal, and not "coasting". For best mpg, you must coast more. You need to "hyper mill" for best mpg. If regen is set too high, passengers will end up puking. This happens because the car is too quiet and accelerating and slowing down to fast.
30. Loss of fuel tax revenue, so now the roads will only get worse, not better, but... The state of new Jersey will have a new annual road tax for Ev buyers, starting July 1st, 2024. The fee starts at $250 in July and will increase by $10 until 2028, when it reaches $290. EV buyers in the state will also have to pay four years of registration fees upfront, making it significantly more expensive to purchase a new electric model. Other states also have their own way of collecting money.
31. in Dublin, huge diesel generators are being used to charge EV buses, due to electrical grid strain. buses in Athlone also cannot be put on charge until midnight, for the same reason. Bus Éireann is saying that they can't charge their buses until 11pm for the same reason, and to avail of a lower tariff.
32. Not everyone on earth even has electricity to charge their cars. What are they supposed to do in 2035? It's easy to get a bucket of fuel to power up a regular car.
33. VCE, or "vapour cloud explosion" is very bad. If any battery, typically anything larger than an E-scooter battery, and especially only "half" charged. If a problem occurs in the cells, it might not catch on fire right away. Instead, a cloud appears, and then may be ignited a short period afterwards. There are 2 different types of vapour clouds that appear; heavier and lighter than air, which form will be dominate, can not be predicted yet. This produces a bomm.
34. For Ev transport trucks, they aren't allowed to carry the same payload as a diesel truck, because of the massive weight of the battery. The owner of the Ev truck therefore loses potential profit, every day. They also lose more profit for the waiting times for charging that Ev truck. The driver will get paid to charge the truck, which in turn forces the owner of the truck to lose more money.
35. Ev cars are more likely to be written off, if they experience a minor collision. After the collision, something could have upset the structural integrity of the battery.
36. Ev cars lie to you. If you are bold enough to go out on a decent road trip and its 210 miles, one way, and your Ev tells you that your battery will last you 223 miles, there had better be no hills, or excessively cold out.... You'll probably get stranded, trying to get to the charger, at the end of the trip. Ev's have left many families stranded already.
37. Ev's and their batteries, will soon need their very own "passport". With all info about them when born, and current info about them (power output, resistance, mineral composition, etc.)
38. Thieves stealing charging cables, will soon make it impossible to "fuel" an Ev car. They take a long time to replace the cables, just to have them cut again for scrap money.
39. Cars were typically being made lighter and lighter using aluminum and or fiberglass and or carbon fiber, to reduce emissions and pollution. Ev's are only getting heavier and heavier, causing more pollution than ever. Remember, an ev's pollution is made at the power station and the dump, not at the actual Ev, except for the tire particles as mentioned above.
40. More on spontaneous combustion of the battery. What if you had 3 children strapped into car seats, in the back seat, which kid do you rescue? More fires start so fast, there is hardly any time for even the driver to escape, let alone 3 kids strapped in.
41. There must be a reason that Boeing 787's aren't battery powered.... Until jets are battery powered, I'll be sticking to fossil fuels for my mode of transportation.
42. Can't bring an Ev up north in the woods, nor any battery powered chain saws, where there are no grids to charge them up. You would need a huge amount of solar panels to get you anywhere.
43. Even Mr. Bean, (Rowan Atkinson) says;
"I love electric vehicles - and was an early adopter. But increasingly I feel duped".
"When you start to drill into the facts, electric motoring doesn’t seem to be quite the environmental panaceaa it is claimed to be." "It seems a perverse choice of hardware with which to lead the automobile’s fight against the climate crisis."
Mr. Bean (Rowan Atkinson) is a smart man.
44. There isn't a used market for ev's. How are teenagers going to buy and insure a $50K Ev... (take your pick: either $50,000 new or a $20000 used EV that needs a $20K battery replacement in a few years)?? A teenager can buy a used $1k ice car and be set up for 5 years, no problem.
45. Even if large transport trucking companies have a service where they could just swap out their pouch batteries for a freshly charged battery, the lifespan of the battery would be greatly reduced to maybe a couple of years. Recharging a huge battery 3 or 4 times per day would really hurt the battery in short order.
46. If an Ev car goes up in flames on a huge cargo ship, the whole cargo ship sinks. Happened many times already.
47. Many many people claim that driving in an Ev makes them, their family and their dogs sick. Motion sickness.
48. With the extended charge times in the public, there is a much greater chance of getting mugged or car jacked. In a tesla, if you see a criminal gang heading right towards you to mug you and steal your tesla, you can't just drive off. You must go outside, disconnect the charger, go back inside your tesla, turn it on, put it into drive mode, and then attempt to flee the muggers, with the little time you still have remaining. In a regular petrol car, all you must do is put it in drive or 1st gear, and flea the situation. The fuel pump hoses have nice quick-disconnect couplings that pull apart when you go to attempt to flee criminals. This saves much time, your car, and potentially your invaluable life!
49. When your Ev is at 10% Battery left, and you head out to find a public fast charger bank of 10 fast chargers, and they are all full, and ok, some aren't working, and there is a line up of another 10 cars in front of the fast charger bank, you might not be garenteed that once you actually have access to a "fast" charger, that it will actually be capable of "fast" charging. You see, there is only so much power alloted to a full bank of "fast" chargers. You will get fast charging for maybe 5 or 6 chargers being used at a bank of 10, but connect 7 or 8 or 9 or 10 ev's to that bank of 10, the bank as a whole will throttle charging power output to all cars, so as to not fry all the wiring of the bank or blow the fuse or breaker. With 10 cars charging at that bank of fast chargers, it will become a bank of "slow" chargers. I would have of thought that this would be designed into a fast charging bank. Some charging stations might not throttle you down.
50. BMW i5 Ev cars and some similar models of BMW protect their battery life. If you DC "fast" charge to many times, a message pops up saying that you must wait 2 days to "fast DC charge" again. This protects your battery. Some say that you can DC fast charge, but at a reduced rate, and some say that the alarm resets once you ac charge 1 time.
51. With the promise of "better, cheaper battery technology", many people are waiting for that technology to arrive... (allegedly). That is pushing down the price of current Ev sales. This also pushes down price of the used Ev market. When Tesla continually cut down the price of new ev's, to artificially stoke demand, it also pushes down the price of all used ev's as well.
52. Right now, the cost of throwing out or recycling your Ev Battery is $zero. One day, I'll imagine that there will be a heavy fee to get rid of your battery (allegedly).
53. Regular ice cars almost never burst into flames, by themselves, while not being used, while ev's tend to burst into uncontrollable flames by themselves, with the owner nowhere to be found.
54. Some, if not most, "battery powered" firetrucks also include a diesel engine, for when the "tuff" gets going. So not only does the main battery get charged up on the grid, where "fossil fuels" get burnt to produce electricity, when the batteries go flat, "fossil fuels" are there again, to save the day.
*not all of these points affect every Ev, or Ev driver, or every Ev charging station or bank*
There's this Ev van company called "Arrival", in the UK. It's been around for 10 years or so. It was worth around $13 billion just 2 years ago....
They didn't sell a single unit, and are now bankrupt.
In a nutshell!
Don't forget the infamous tezz-lah "whompy wheels" (suspension failures).
I’d avoid EVs like The Plague.
All while Hilux and Landcruiser owners skip to the bank with exceedingly large residual values.
Saw a Mitsi. similar to mine in a yard near us recently. It was a year older and had done over twice the kms of mine and they wanted what I paid about 5 years ago.
I paid 16k for an 18y old landcruiser 10y ago and was recently offered 30k, go figure.
@steveinoz8188 US has full-size trucks from the big 3 filling that role anyway; Australia has the RAM, Silverado and F-150, but LandCruiser has 50-ish years of proven reliability in Australia
@steveinoz8188 The US Landcruiser is not the same as the rest of the world. You guys got a Prado with a facelift.
Bought a hilux that was 12 years old. I had it for over 10 years and it got some problems I didn't have time to fix before moving but the local mechanic bought it. Think that would happen with one of these EVs?
`Sympathy` is between shit and syphillis in the dictionary.
Great comment 🏴🇬🇧😎👍🍀
A fool and his money easily parted.
😂
Danny bhoy 😅😅😅🏴
🤣🤣🤣🤣🤣
They got their heads in the clouds when they bought the car and when they sell the car. And when they vote.
a 10 year old out of warranty car with 115k miles.... would normally go for around $10-15k if it was in great condition
a 10 year old out of warranty Tesla with 115k miles is just scrap metal
Makes German cars look like a good investment
Some scrap yards don't want them either... fire hazard. You may have to pay to get rid of them... liability
You mean ‘ scrap plastic ‘ , which unfortunately cannot be recycled
@@bfree6197 : Exactly. They can't be crushed as they will explode. An average person can't take the battery out as they may be electrocuted. No one would buy a second hand battery. So people will have to pay big bucks to have them disposed of after the battery craps itself.
115,000 kilometers is 71,457 miles - on the vehicle.
One of my customers with a Model S scrapped the car because he couldnt sell it.
Oh he went back to ICE.
2016 Model S. 60,000 miles. because of battery failure it had a new battery from Tesla.
Had the car for sale for 6 months.
Zero interest, zero phone calls, no one came to see it.
So he took it to the scrapyard.... They then charged him £2000 to dispose of it.
Even the scrapyards dont want them.
I'm glad he got his money out of it. 😂
I'm driving a low mile, 25 year old Subaru still.
@@melissasmess2773 I'm using a 21 year old vauxhall combo diesel van with 483,000 miles
I´m a vaper. Even for my vape i would never buy a second hand batery.
I live in a condo, no charging opportunity within 10 minutes of walking distance, 4 chargers within 20 minutes, allways occupied by hire cars (MILFS :P).
My last ICE car lasted 22 years, a new EV would cost at least double the money I payed for that one and will not even last 10 years until it will become a writeoff even without having an accident.
WHY would I buy an EV?
If they're so great, why even sell them?
Tax credits & carbon credits make them a viable going concern.
This of course is another problem with the cutting out of the dealers and direct marketing from the factory. I know people think that the dealers make a fortune and I just a greedy middleman but they have a vested interest in the vehicles and then taking yours back as a trade, whereas Tesla only want to sell new cars. They have no interest in your second hand one and so therefore they don’t care what happens to the value. They just want to move stock, like a shoe store or a clothing shop😂
True,except shoes and clothing are a much better value purchase.
@@stevengriffin7873 I'm still using a jacket I bought in 2008; won't be able to say the same about a 2013 Model S in 2029.
Even Dealers dont want EVs, they only take it if you buy a new one. Someon in England wanted to sell his Taycan to porsche Dealer and the offer for a 3 year old 120000£ Car was 48000£ if he buys a new one.
Of course they don't care about the used ones, their own representative in a Germany citizen lawsuit against Tesla stated their battery was designed to last as long as the car, 136,000 miles.
You mean, like a "throwaway device", right? This EV battery technology makes these vehicles like a smartphone: you use it for a few years, then throw it away,and get another one,right? So, EV owners, expect to "cough up" another $50K, every few years, or so. Meanwhile, I'm enjoying my 2022 Honda Accord LX (a 22-year-old vehicle, still running good), that I bought 6 months ago, for $2,000.00 Eat your heart out, EV owners!! How can you compare $50K times 3 or 4 or 5 or 6, over 22 years, with my $2K, huh? I have a "gas burner"--and EV owners have a "cash burner"--for sure!!!!
A 1970 Chevelle SS cost 3500 dollars when new and are now worth up to 250.000 and some other muscle cars are worth well over a million dollars.
Yes but most every car only goes down in vale.
@@melissasmess2773 I agree I was using my comment for a comparison of great cars with other so called great cars, Tesla is supposed to be a great car but loses value rapidly but muscle cars only increase in value. But I agree with your statement
@@melissasmess2773not true
@@melissasmess2773VALUE
I have been reading a book about Zero days and Stuxnet!! People and governments should think long and hard before abandoning our old gas driven petrol cars 🤔
"The government incorrectly identifies the problem and then applies the wrong solution."- Groucho Marx.
What is zero days and Stuxnet?
I want back my taxes that financed EV buyers! Also refund me for the higher hydro bill, the financing of charging station and for the upcoming battery plant that is about to be built in Quebec, as well as for the production plants in Ontario. Ah yeah, I am from Canada.
Last month, I was speaking with the general manager of the local GM dealer, he was telling me he was refusing the buyback of EV for those wanting a ICE car or truck, since he cannot sell them on his lot, nor to auctions.
If only there were some sort of equivalent electronic devices that plummet in value when they're a year or two old due to battery degradation and outdated hardware. Something that could be far less expensive than a disposable car, but still have a noticeable drop. Something we could hold in our hands and fit in our pockets and carry around with us all the time. Something we could "upgrade" every year or two when the current device has lost its luster and value...
How to milk sheep.....sell them a new phone every year for £1500+
Yeah! Been saying the same thing for years!😂🤣👍
I have been using the same phone for the last 8 years and it's had 2 batteries replaced. I have a new in box phone exactly like it for when this one wears out, it has a 16:9 screen ratio and some people ask me where are the black bars when I display media, why is the text easy to read? Why isn't the caption cut off? People forget so soon.
Haven't upgraded in four years since my old phone battery died.
The Chinese Volvo* company ran a commercial saying that the car is just like a big phone. To be fair, that was truth in advertising.
* i’ve owned two Volvos over the years and I will never buy another one, as they have walked away from their safety history. They did include safety as a consumer concern, and one of their commercials where they have a supposed mechanic telling me how much he cares about safety, where he *wears a lip ring*. It just oozed ‘modern audience’.
There should be a tax on stupidity. I think The Mac Master's Taycan is now £40K and was £120.
Now then my friends..
You were screwed when you bought one. Incidentally, if you lease one, you haven’t bought it and you don’t own it. You are hiring it.
Agreed
More like renting it, basically you're paying the depreciation of the vehicle monthy. E.g. if the lease payment is $350 a month that's how much that vehicle depreciates. Depends on the length and terms of the lease. Scary part of leasing is that at the end of the lease some people think they can just "walk away" that's not always the case. Sometimes you can be hit with mileage fees (over allotted miles/kms, 25c and up per mile over) also addition depreciation (dealer appraisal) that occures because the resale market for those vehicles dropped further that anticipated. For some of those EV owners they're screwed for the entire time they have that vehicle.
At a premium..
That 2015 tesla is not worth scrap value....
87 grand .... you have to be kidding
No wonder its been for sale for 4 bloody years
Could be a safe bet that at least its battery would be fully charger by now.
Only a sucker would buy an EV
my neighbour's 2 year old £80K when new Mercedes EV is now worth next to nothing. The dealer he bought it from won't even offer him a price to buy it from it.
My heart bleeds for EV buyers.
BWAAAAHAHAHAHA...
Keep going Mguy love your work there is a good side to this ,people losing money will hopefully wake them up
One thousand dollars a month depreciation added to the $500/month insurance, tyres, electricity and health implications of intense anxiety make EV ownership just so attractive....
My ice depreciates at about $100 a month, and my insurance is about 140 a month, while you say that EV's depreciate at $1000 a month, and pay $500 a month in insurance, huh? I guess that my 22-year-old, gasoline-burning, 2002 Honda Accord LX, that I bought 6 months ago for $2,000, and pay $1,665 per year, for insurance (about $140 a month), is a much better deal, huh? And even with historically high gas prices, I still only spend about $60 a month,for gasoline, too...meanwhile: no more walking to the stores, for groceries, no more bus rides to my girlfriend's place, and I can go to any bar in the area, at night--and beat the hell out of any young twenty-something, on any pool table, anywhere, anytime (or, go to any senior center, or church dinner, and eat like a "road hog", etc, or go to any local park, and get sick from eating too many ripe blackberries, raspberries, etc, in this summer heat...ha haha haha--life is good, at 72, for me, my friends! Ha ha ha ha ha ha ha ha ha ha ha ha ha!)
I don't feel sorry for idiots who bought Teslas in the slightest.
Play stupid games, win stupid prizes.
Everyday cars are no investment.
EV owners that have been given subsidies should be paying back the taxpayer. I didn't agree for rich bastards to have a free ride on our tax money.
@jono.pom-downunder, muito bem dito. Revolta-me gajos ricos e convencidos estarem a ser beneficiados com os impostos das pessoas normais.
Congress didn't actually vote for it., surprisingly enough.
@@robertkubrick3738 But they paid for it with taxpayers money.
@@Diponty I never said they didn't. That's the exact reason I follow Battery cars. I'm in the 40% tax bracket and I paid for a couple cars for someone else I will never see or drive.
A car has always been a depreciating asset, but EV brought a whole new level of depreciation to the party.
They are still spending billions on huge battery production plants. They ain't gonna stop.
You just explained why there will NEVER be cheap replacement batteries. You don't invest billions in a plant to manufacture Cheap batteries.
A car is not old when it has been used for 4 years.
EV owners need to use their EV atleast 6 years before any Netzero occurs.
My car is 11 years old and drive, almost, as good as when new.
It is, ofcourse, a gasoline polluting enviromental disaster on 4 wheels :) ROFL
And, unlike ICE, an Ev`s battery will degrade over time, so the longer it takes to sell it, the longer it takes to sell it.
Drove my 25 year old Subaru today, have about $3,000 USD in it. 🥰
The first owner of an EV doesn’t have to drive it for any particular time to achieve the nett zero point. All that matters is that the EV continues to be used by subsequent owners. The nett zero point still happens. Just happens with a different owner.
Germany withdrew the taxpayer funded subsidy on 31 December 2023 and the EV market has fallen 30%. Australia has the NO-FBT deal on buying EVs which is subsidised by ordinary taxpayers, many who will never own a new car. Withdraw that as the government should and the EV market here will crash!
Q) What's the surest way to get a cheap EV?
A) Buy an expensive EV and wait.
I find it puzzling that someone in Australia would buy one, when the performance of the car/battery is affected by high temperatures, especially so since they claim temperatures will continue to climb because of climate change.
Tesla's on average over 3 a year period loses 30% of value each year during that 3 year period of ownership. The average owner cannot afford this. Cars are not an investment, but they cannot be a total loss either!
Some cars are an investment, my 2002 VY SS Commodore has doubled in market value in 5 years.
@@Thyalwaysseek That is true, but most cars are not. I don't know many people who don't have a lot of money to begin with that want to buy a car that costs upwards of 100 grand (USA dollars) that only lasts about ten years.
BYD - Blow Your Dough
Ten years from now, the streets will be a toxic wasteland of dead EVs.
Honestly, what happens at the end for these cars?
For decades cars have been increasing in convenience like aircon, power windows, power mirrors, power seats with memory. Anyone who’s had one of these conveniences would have a very hard time going back like when the auto feature of my electric window was playing up, I was annoyed at having to hold the button for a whole 3 seconds. Could you imagine taking a HUGE step back in convenience where it now takes 10 times longer to refuel your car, or wait in line for 1/2 an hr. Even if you had your own charger it would be annoying having to plug and unplug every day vs going to a servo once every week or 2 where you can get a snack while you’re there anyway.
I could live with having to manually wind the window or not having power steering. Aircon though...not so much for comfort but actually being able to see is what makes that so good.
Geoff sells cars, just not these cars. 😂
Geoff sells old cars that won’t last much longer .
@@jimsouthlondon7061 Ever see 60 year old tractors out plowing? I have. Ever seen antique car shows? I have. Ever seen firefighters try to extinguish an EV fire. I have. It's not a pretty sight.
@@jimsouthlondon7061I disagree they've been around this long plus the build quality was FAR,FAR better no comparison!
@@DCGreenZoneMy 1949 Ford tractor just now needs its first engine rebuild and I just might replace the four foot long wiring harness because I am feeling flush. Where will lithium powered milk floats be after a long lifetime of use?
@@chrisfallis5851 My dad had a Ford 800 Workmaster iirc the name, the lithium will be in the atmosphere or the water supply. There's 4020's around here still working every day, synchro range transmissions and powershift.
The best thing about EV's is that they identify idiots.
💯
How much are these cars when NEW in Australia??????
In the UK- and I've just looked on Autotrader- 2015 and 2016 Tesla Model S's are going for around £13,000 to £18,000.
That's $24 to $34,000 Aus.
$86,000 is £45,000- that would get you a 2020 model with very low mileage. (Or a rather nice 2019 Porsche 718 Cayman)
I know Australia is a very expensive place to live, but blimey, that's THREE times the price as in the UK!!!!
I wrote this before about all EVs. Depreciation of EVs is a myth. In the real world it's close to impossible to sell a used EV at any price.
New EVs are unsellable, dealers can't even give them especially the Leafs. Ironically the cheapest EV proving it has nothing to do with affordability. "The reason everyone isn't going ev"
Why should we feel any sympathy for the virtue signaller's. It's not my fault they have more money than sense.
Oh come now . The mentally challenged require at least some sympathy. Silly boy
Even putting aside the effects of the end of the EV bubble, it seems that owners have completely unrealistic expectations for the second hand prices of their cars. That 2015 model--that's a ten year old car, right? Even a Lexus will lose a high percentage of its value after ten years.
For Sale : BMW 520 , 2002 . One owner , 406,000 miles . No history but reliable and in good shape : used daily .
Asking £ 1000,000 million quids .
Just like covid the public have to take responsibility, for their dumb decisions.
'Cheap rubbish from China'...does that include our Chinese made Teslas ?
Probably most Tesla owners here have no idea that their car was made in China..
I suggest that most Tesla owners don’t care that they’re driving what is fundamentally a car made in China, assembled in the USA, if that.
Too true. Every Tesla in Australia is chinese made. Tesla's are loaded with problems anyway so when you add in poor quality chinese manufacturing you have bought something that was worthless before it even hit our shores.
@@JoeOvercoat Every Tesla in Australia was manufactured in China. The only american part is the design and the logo.
I'll be keeping my 7.3 powerstroke f-250. It's the greenest vehicle , it's 22 years old, has 8 cylinders and a massive turbo, every component is serviceable and rebuildable and can be done mostly by a competent owner and no egr,dpf adblue or common rail injectors and it's already depreciated and is actually going up in value.
Simplicity wins.
Yes,.. same here. My Powerstroke has been phenomenal.
im happy with my f250... sorry. fzr 250...
only has 4 cylinders, age is vague (grey imports, lol) but lets say its 33 years old, and yeah... if i strap a turbo on, its going to be pretty small!
Glorified golf carts
The price of being smarter then the rest...
A fool and his money are soon parted.
Even my self build home battery can't compete the grid.
It barely breaks even.
My main reason for installing it is the absurd price for electricity and the serious blackout issues we are facing here in the Netherlands.
I know I can’t be the only one seeing many with glitchy led taillights and misaligned fenders as they abuse their throwaway junk😂
There is a RUclips guy in the US who bought a Tesla Cyber Truck for $110,000 and 2 months later he tried to trade it in because he doesn't like it, the best trade in offer he had is $56,000.
Cyber Junk 😂 it should at least cool your beverage if it looks like a refrigerator!
Too funny.
G'day Simon. I have to admit that I was sucked in by the EV hype and was saving for a new EV purchase. But since watching your channel I am now convinced that EVs are a terrible idea for both my finances and the good of the planet. Thank you for bringing me to my senses.
The sale of the unstoppable electric cars have slowed down dramatically…
Intrinsically, EVs could have been extremely simple with tiny software, amazing reliability and next to no maintenance … But the manufacturers missed an open goal and went diametrically the wrong way. All in the name of ‘added value’ so they can charge more $$$$$.
I still think battery cars would be chancy but I think more people would take the chance if for no other reason it was in reach of more people.
In theory yes, but that would be long jorney untill this might happen. It requires a lot to make them simple. The first thing it must have a safe battery and easy maintenance battery. It requires lots of mechanics to be qualified to make repairs. I wanted to buy salvaged EV to take out battery. I was not able to find a mechanic to take out the battery. They all saying we're not quialified. They recommended me to go one shop and that mecanic told me he wan't be doing this for me. End of story.
Did these people think they were investing, or buying a car? I don't get it. Nobody buys highly technological hardware and counting on it holding its price.
There's no "greater fool" coming along to buy the used EV from the great fool who bought it new.
I presume values are dropping fast in the UK too. Oh I feel so sorry for them ! ( not ) The solicitors will be busy again soon , like the PPI scandle ......
“Cheap rubbish from China “ funny how they used to say that about “Cheap rubbish from Japan “.
It was true until the Japanese improved their quality. It is true now of China, and time will tell if they can change the stereotype.
Japanese cars were cheap in the sixties and seventies, the styling was rather different but they were reliable, certainly not rubbish, same goes for electronics. Then there are motorcycles, ultra reliable bikes from Japan sadly killed the British motorcycle industry. Similarly, nobody could compete with their shipbuilding quality and production rate.
The Japanese lifted their game in short order as they have an entirely different moral and ethical mindset to China and its peoples. China is a communist country with a staggeringly huge enslaved populace and workforce etching out a meager existence under a totalitarian regime. Human rights mean nothing there. Excellent quality product coming out of China is the exception rather than the rule. There is little pride involved in making consumer goods for the rest of the world when most of it isn't even product you could ever afford to buy yourself. In fact I wouldn't be surprised if their wasn't a bit of sabotage going on by unhappy workers. To compare the two countries and expect China to rise to the same level of consistent quality that Japan did is laughable.
You never saw a 2 cylinder Honda car have you?
@@robertkubrick3738 The N360 was sold in small numbers in the late sixties, just as I was starting my 10 year career in a garage, never had one come in to us, only saw a
The odd one on the road. A replacement for bubble cars and similar, we did have a customer with a Messerschmidt come in regularly, I remember it was easier to pick it up and turn it around than trying to reverse it. Had a dozen Japanese bikes in my time, ranging from 250 up to 1400cc. Never once had a breakdown or repair needed outside servicing.
Who cares if a leased car is worthless at end of Lease? Just the party that Leased it.
Yeah, $2,000 per month lease for them to break even.
The second-hand value of EVs is barely measurable 🙂
Exactly right...although WAY understated and too nice and polite for the tremendous and ongoing damage done to individuals and society as a whole.
What happens when these petered out EV's are dead and no longer sellable ? Are they considered hazardous waste and can they be disposed of at traditional wreckers ? How are they made safe in order to avoid catastrophic lithium fires ? Will the last owners face premium fees for disposal ?
Wreckers and auto auctions dont want old EVs ....liabilities ....toxic soup
They’ll become a trendy new development village for the homeless?
yes, they are hazardous waste - of the spontaneously explosive very toxic/ kill you type fumes. I dont know of a single wrecker who will take one.
@@suecharnock9369 Which makes me wonder, how are these vehicles safely stored, disassembled and recycled ?
Told you so long time ago. A second hand electric vehicle with a battery that doesn't charge is literally trash.
When people are struggling to pay bills, even if they wanted to, how on earth would they afford an EV?
Many citizens, of all social categories, only look at the payment. If they can afford the payment, they think they can afford the car, not unlike Challengers & Chargers all across the USA destined for a repo car auction. And subsidies, of course. One must remember that all Americans are paying for those cars.
@@JoeOvercoat Not all Americans.
I'll stick to my 91 Mercury.
If these ev's have been standing for years the battery packs will be useless. First thing needed new battery?good bye yes ?
$350k for a 2011 Tesla Roadster, What is it Solid Gold?
A NET ZERO investment - worthless when the battery dies.
EV? I don’t need one, I already own a toaster. And that’s not a joke. I paid equivalent of $15 dollars for it 5 years ago, it has never failed me and done the job it was meant to do without a single issue. When it finally gives up then I’ll hand it to the recycling yard and not get too upset about the depreciation.
That’s strange , you must have bought a toaster that was not manufactured in the People’s Republic. Who would have thought there was such a thing .
@@MookMineolaThey can make good stuff. Manufactured obsolescence isn’t something the Chinese factory workers decided on, whatever international corporation designed these modern appliances wanted them all built like shit.
We've been told old cars will be banned in a few years. Remember?
I don't think so. I can't see the religion of belligerence putting up with this. No way. Brits may be weak but Asians aren't. There'd be civil war over cancelling cars. It'd also put them in government.
I think most of this is on the owners this time. I mean even if these were gas cars nothing short of a highly desirable exotic or performance car is going to command the prices they are asking for. $86k for a 10 year old car with 115k on the clock even assuming that it only has normal wear and tear? That is insane pricing without a very good reason and then on top of that you have the likely battery swap looming over the next owner since it is an EV.
I know that modern Australians are stupid and barbaric but this is something that even children would understand.
Sorry, not sorry.
They can't say they weren't warned. But then they were the ones who were holier than thou
Money, fools, and parted🙃
Mission accomplished!
I'm a retired miner so I know next to nothing about the nuances of the EV market. But about five years ago even I could see that the EV business model was broken and have been telling everyone who will listen that EV's would be worthless by 2027.
Well, the market beat me to it, it seems - they're worthless now. But worse is to come - it won't be long before there'll be some outrageous fee to have your un-sellable shit box ecologically disposed of. The big laugh is in seeing all those idiot duck squeezers who bought those rolling liabilities now getting screwed for believing they were solving a problem that never existed in the first place - climate change. Serves them right.
how long has the climate change game been going on for? two generations now? every day, every where i look, there is some mention now of carbon, climate, man induced... its mainstream, ingrained now. a psychosis... its worked on some people!
refreshing to read some dickens or stevenson when such things where of no concern!
Phones have very little value after 4 years....same as
Verizon offered my $700 trade in value for my four year old iPhone 11 Pro Max. No thanks, I spend enough years ago.😅
Latest Road Ahead from RACQ has warning about lithium batteries fire risk.