He said in past videos VW , Toyota, Chrysler I'll be first to go bankrupt. Next video " BMW first to go bankrupt" followed by "BMW"s next gen EV is awesome. I want one!"
I think all the US car dealers could face bankruptcy. I’m sure they’re going to get another bail out from the federal government. Electric cars are only good for short distances. And there’s very little inner structure for them.
Toyota and Mazda still have a solid 10+ years with hybrids in the USA. We aren't even close to ready for everything to be EV. I live 80 miles outside Seattle and it's all trucks and regular gas crossover here. The RAV4 hybrid is gaining popularity! Most people around here have no interest in EV's and they won't pay the price premium for one!!
Yes but, Hydrogen could be enormous in some years. Did you see Tony Seba's videos. He show that you need solar panels and batteries for 4 days to quit the grid. It's study for winter but in summer, with the same materials, you can generate much much more than what you need. With this exces of power, you can genarate free hydrogen. With Space X, Elon try to generate some methane CH4 with the CO2 of our air plus water, H2O anď green electricity. If they find it, you could do it for free and, you could use the Spaceship to travel everywhere around the world in minus than one hour. Elon said that one more time this week, on the zoom meeting where he had only one candel as light.
Agreed too but I'd say the cost to make hydrogen is a huge hurdle... consumers won't like to pay more for hydrogen than for electricity. Also the transportation sector is very cost/km or cost/mile driven aware, so the choice for them depends purely on cost.
@@krisvandermeulen253 Physics plays a massive role in the utility of Hydrogen as it is very difficult, (currently), to produce, store and transport Hydrogen this makes it almost impossible to compete with BEVs. If companies currently researching Hydrogen crack some of the proposed solution then there may well be a market for Hydrogen in the future but not for personal transportation.
Oh no, I just bought a Mazda CX-50 because that's what my wife wanted and the EV market has been elusive to me for availability and price reasons. But you have to admit, the styling of their CX-50, CX-60, CX-70 are really eye catching in their class.
I tend to agree with S, as long as you aren’t looking to sell the vehicle, it’s not a big deal except that the gas is good to continue to rise in cost.
@@sjsomething4936 According to Mazda Canada, the fuel economy of the 2023 Mazda CX-50 is 9.7L/100km for the city cycle, which is a bloody high number. CO2 emissions are 224g/km. The CX-50 weighs 1681kg. So, assuming that Aussie petrol costs $1.80/L, 12,000km is driven each year, Mazda dealer servicing is effected every 6 months at $320 each, the annual running cost is a considerable $2735. Naturally, this annual cost is perpetual and cumulative for as long as the CX-50 is in commission. So, over the typical 15 year life cycle of a car, the CX-50 costs a staggering *$41,025* to operate. This is as much as the vehicle itself! Total CO2 emissions are 40 tonnes. This simple Mazda CX-50 financial example illustrates why drivers are quickly abandoning traditional petrol and diesel ICE cars, as the high financial and environmental life cycle costs just cannot be denied, much less justified. Come 2030, the existing ICE car fleet will be next to worthless. In 2030, only an utter moron would seriously consider an ICE car, especially when ultra fast 5 minute EV charging vehicles will be a common reality by the start of the next decade. Sam Evans, the Aussie channel host, is frequently comparing ICE cars to 2000s Nokia mobile phones. Of course he is bloody right. For those with memories of that era, as soon as Apple introduced the iPhone 3G in 2008, the legacy feature phones immediately had no residual value, nor lingering disability, for all consumers. In 2008, everything changed in the mobile phone market.
@@user-kc1tf7zm3b I agree with all of your points, which is why I bought a Chevy Bolt in 2018 😉. I was merely pointing out that as long as the OP isn’t worried about the resale value and will be keeping it a long time, the purchase itself is not bad. He’s already bought the vehicle so the decision has been made. It’ll hold resale for a few years but as more EV models become available, and at lower prices that resale will likely drop worse than normal. I cannot deny that from an environmental perspective I think this purchase was worse, and why I couldn’t avoid buying an EV when I could afford one and they had finally become a realistic ICE alternative. I know they alone are not the solution to our CO2 emissions problem, but they have a lower impact over their lifetime and I have kids whose future I am now pretty concerned about. The only other thing to note is that petrol isn’t likely to remain $1.80 AD for the life of the vehicle. As Sam has rightly pointed out before, as ICE vehicles become more scarce, so will gas stations. Typically as a market shrinks the prices come down to try and retain customers. However, I believe this may not be the case with gas (petrol) as the mere act of producing it is quite costly - extraction, refining and distribution are relatively fixed costs to produce it that petroleum companies cannot make disappear and are also generally hard to reduce, it’s much more likely that they’ll increase. Contrast that to electricity, which I believe is going to DECREASE in price, or at worst stay relatively flat. Renewable energy sources are now the lowest cost methods of producing energy and dropping annually with new technologies applied to them to make them more efficient. Combine that with increasing deployment of renewables and there’s a natural tendency to greater overall production of electricity which, all things being equal, would result in downward cost pressures. Ironically the switch of many drivers to EVs may spike demand enough to keep electricity prices rising or level, it’ll depend on the relative rates of EV adoption vs. electrical production.
Really enjoy the data/evidence you present as part of your videos to back up your position. Thanks for cutting through the marketing, and presenting the measurable facts.
Sam you could star in a sequel to 'The sixth sense' - "I see dead car companies". Mazda has Skyactiv-X technology for a some of their engines which is some of the best petrol engine technology out there. 20% to 30% more efficient then the competition. Maybe they are wedded to their cutting edge combustion technology and can't bear to throw it in the garbage can and focus on EV technology.
We need the SCCI technology here in the USA Market. The new CAFE, Corporate Average Fuel Economy, standards will be impossible to meet for companies selling large ICE SUV unless they also sell a larger number of EV to offset the ICE. The SCCI is over 50% thermal efficiency and in the proposed new Mazda 6 with a straight 6 cylinder RWD layout and Aluminum construction it should make the 54mpg standard. I want a 70 mpg 3 with AWD and 300 HP that weighs under 1000kg
I’m old! 🤣🤣🤣 I loved the Mazda RX-7 when it came in the market. $8395 with a rotary engine. That was their big selling point, the rotary engine back in the day. I’m just saddened to see this happen. What a shame.
Like the Datsun 240 Z, the RX-7 was a head-turner in its day. I never owned an RX-7, but the selling point was the simplicity of the engine, correct? The engines, if I recall, were horribly fuel inefficient, and suffered engine tolerance problems, The RX-8 was pretty nice re-introduction but that didn't last long.
I worked at a Mazda dealer back in '71. Just about all their models were available with piston or rotary engines. They had problems, but I've got to hand it to them. Even when warranties were over, they were still installing new rotary engines for folks. I worked at another Mazda dealer in the early 90s. Once they got fuel injection in them and figured out the oil injection, those RX7s were very reliable, long lasting cars. They were still thirsty though.
I'm also old. I bought the first Mazda 626 FWD in 1983. It was the top of the line SE with power steering, digital dash, sunroof and electronic adjustable suspension. It cost me a years wage at $17.5k and lasted me for 21 years. But no more. My next car will likely be a MG4 or an Ora funky cat.
I am not totally in tune with everything that surrounds BEV's and the support technology, before I subscribed to this channel a couple month's ago I told my wife that the internal combustion engine was a dead end technology. For me I have no interest in new internal combustion engine technology.
Did anyone notice that some of the numbers didn't add up (or rather divide)? The final value for loss of sales in the table at 8:30 timestamp should have been -10.62%, not -21.85. This correction makes it look like they are starting to turn things around. Let's face it though, with their current strategy that's not going to happen and the numbers will continue to be negative.
And it almost didn't happen. Musk has said in the past they were very close to not making it. If Tesla collapsed, I'm reasonably sure GM , Ford or what was Dodge/Chrylser in the USA wouldn't have done a damn thing to introduce electric vehicles. GM had abandoned the idea in the 90s.
Actually, no it's not. Your perception only comes from 1d10ts who wrote & broadcast anti-EV sh1t. 1d10ts who believed that sh1t, 1d10ts with vested oil & ICE interests who paid for that sh1t, & redneck F##kWits who are too stubborn & d1m to accept they're wrong & change (keep it on the tracks, boys). The rest of us knew, once EV's got rolling, that there'd be massive uptake. Wait till standard EV's all have good battery cooling, range & long life cycles & all the diehard petrol heads will only have "yeah, but mine sounds better". Then all the EV racers will have a high power sound systems with a sub, that can emulate the NVH, but sound better when music's playing because it's not fighting the ICE for your attention.
I have been to Japan six times and have made many friends there now. I said to these friends if Japan doesn’t start making EV VEHICLES soon, they will be left behind. I said that in 2018.
@@brucetaylor2887 Honda worked on their electric motor bike 10 years ago... and just recently made an announcement on public plans. So, they have been listening...
The tragedy is that ten years ago, with the Mitsubishi iMIEV and Nissan Leaf, Japan led the world in EVs. Then they p!ssed it up against the wall. I have a Leaf and love it, but the car deserves far more development than it's had.
Here in the United States if you want to travel cross country without excessive delays, additional lodging, and meals, you must drive an ICE vehicle, Hybrid, or PHEV. If you really want to give up your freedom to enjoy the open road, then buy an EV.
The overall quality of vehicles increased in the last 15 years and that's also hurting legacy manufacturers. My CX-5 is almost 10 years old and it sill looks and run like brand new. I don't feel the need to change it, especially now that I'm working from home. I see very few electric SUVs in the wild (a few Model Y at best). It would be hard for me to say, sales are down because of EVs.
Dont know where u get your info bro but... Mazda has confirmed it’ll increase its electric vehicle (EV) development budget, revealed alongside a slinky sports car concept. As part of its revised “mid-term management plan” Mazda now intends to invest ¥1.5 trillion ($16 billion) to develop electric vehicles as part of a three-phase strategy.
It's sad to hear this. I've been driving Mazda since 2004. They have been great cara for me. I'm still driving a 2008 Mazda 6s that is approaching 300k and still runs great.
@@lumtavon1952 Yep, price parts are crazy. Buy a used EV and the worst that can happen is a 20k battery replacement. Everything else will be working just fine so it's all good.
@@lumtavon1952 How is a company that is currently selling every vehicle they produce in or export to the US market going to go under? Mazda just opened a new Factory in Alabama for the US Market only CX50. There are so many CX50 already sold that we could not test drive one at a dealer because they were being prepped for delivery to the customer that bought them. Had to drive a CX5 instead. CX50 is a little bit bigger and more ground clearance. Plenty of videos . EV adoption in the USA is lagging the rest of the World. Most of the US geographic area is rural. I would have to install a 100kw or stronger charger at my home.
Partly agree but without innovative forces we all would be worse off Noone thinks anymore about the Nokia layoffs and frankly speaking only the Mazda executives should feel ALL the shame.
This year, with gas prices hitting an all time high in the US, 95% of car buyers chose ICE. It's an overstatement to say that an automaker that hasn't gone full in on electric yet is finished. It'll be decades until we're finished with gas powered vehicles and Toyota, Honda, Mazda, etc knows this. While I love EVs, most Americans still think they're a silly fad. More gas stations are still being built than charging stations.
A few decades ago I owned a 1988 Mazda 323. It was a great car in its day, & lasted me until about 2010 when its cooling system started to leak & I turned it over to the recyclers for a modest cash rebate. My present car is the 2007 Honda Fit that was a bequest from an aunt of my wife. We love that little car. It will climb steep hills on mountain highways better than the 323 did, has better fuel economy, etc. Sadly, both Mazda & Honda seem doomed to fail fairly soon - they are very late to the EV party & are apparently not familiar with Tony Seba's forecasts. I suspect that both companies spent decades weeding out the clear thinkers in their top management that might have otherwise saved their bacon. Unfortunate, but disruption happens quickly & there can exist only the quick & the dead. New players, new ideas, new products will win the day.
@@eugeniustheodidactus8890 Sorry, my error in my comment. The aunt left the car to my wife, as a named item in her will as I recall. For a year or two we had two cars, & when the Mazda died my wife generously suggested that we go through the minor bureaucratic hoops to re-register the Honda in both our names. This would simplify continuity of ownership should she suddenly die. After that, I began referring to it as either "our" or "my" car. I'm an old-school sexist man, I guess... I'd politely suggest you consult a lawyer or other knowledgeable professional {notaries are often given this role} for advice. In my Canadian province, dying without a will creates a messy situation for your survivors. I'm now 74, & my small home town has many "retirement villages" because of its pleasant weather most of the year, so our town also has a generous supply of lawyers feasting on the rich "wills & estates" pickings.
I think a lot of automakers are faking production issues for two reasons. Demand is down and they want to hide that fact, and keeping inventory low allows dealers to keep the selling price higher.
Here in the UK second hand car prices have never been so high and this is set to continue for many years to come. Battery powered cars are just too expensive, difficult to charge owing to the poor infrastructure and as yet there are not many cheap used ones for sale. The ICE car will be around for a very long time.
A Mazda CX-5 owner will pay a staggering *$39,000* with petrol and ICE maintenance costs over its 15 year lifecycle. This astonishing financial outlay costs as much as the vehicle itself. An EV which is charged with home solar has *zero* energy costs. So, this has the simple practical financial effect that even if an EV costs $5,000, $10,000 or even $20,000 more than a petrol ICE equivalent, the EV owner will still very easily come out ahead compared to a financially intensive ICE car. If a prospective EV new car owner can find an appropriate EV car for their needs and wants, and, has access to home charging, then it will always make sense to pursue the EV option, as the inherent financial and convenience benefits are irrefutable.
@@user-kc1tf7zm3b We have a CX-5, we're retired and drive 5000 miles a year. I do almost all my maintenance, so I come up with a third of your cost figure. We bought it off-lease for $20K. We do little city driving so it didn't even make sense to get a hybrid. EVs charged with home solar are zero cost if you got free solar panels. Let me know if you get a deal like that. Otherwise, figure in the car's proportion of the actual cost.
@@jamesvandamme7786 Mr Van Damme, you have not considered the entire Australian solar panel equation, while factoring all the of costs… and revenues. As it stands, nearly all new build homes in Australia have solar panels installed. As any accountant would advise. As for an Australian Mazda owner effecting their own servicing, only a fool would attempt this, as this voids the utterly critical 5 year new car warranty. The same accountant would advise his client not to complete their own services.
@@user-kc1tf7zm3b So the solar panels are built into the price of the house; they're not "free". If you had no EV, how much could you get for the electricity? Here in the US, servicing does not have to be done by a dealer or even a registered service shop. I do keep records on what parts I buy.
@@jamesvandamme7786 The Australian annual cost of running 2 ICE cars and household electricity is $5458 per year. But, this would naturally be removed altogether, to a zero cost, once a home is self-sufficient in generating solar electricity to power the 2 EVs and the household. This consideration is key to understanding the fundamental value of having home solar. The cost of installing a 20kWh home solar panel array and 18kWh battery storage is $44,480. However, the feed in tariff (FiT) for excess solar electricity sold back to the grid yields $2131 in revenue per year. So, the break even point for the home solar and battery system, once the FiT is considered, is 5.86 years (70 months). After this point, the home owner is still yielding $2131 of FiT revenues each and every year. Moreover, at the same point in time, the homeowner saves $5458 every year in removed petrol and electricity costs which is essentially free income. A dollar saved is as good as a dollar earned. The recurring total annual benefit is a significant $7589. Even if FiT was not considered, due to a very strange turn of events where FiT was not a reality, the break even point still arrives in 8.14 years (98 months). The homeowner is still saving $5458 every year, which is essentially free income. This explains why most new build homes in Australia have rooftop solar panels installed. The simple financial advantages are truly undeniable. Moreover, this leads into the increasing Australian consumer preference of EVs which would replace their legacy ICE cars. Australians are totally over paying $1.80 per litre of petrol, which is a perpetual cost for the life of the ICE car. Sam Evans, the channel host is totally right: by 2030 ICE cars will be utterly obsolete.
I have a Miata RF I inherited from my wife and it’s fun in nice weather. I’ve kinda put it away for the winter, and am driving my GMC4X4/Duramax for the next 5-6 months. I have a Cybertruck and Aptera on order. Just got an email about the delivery of my Metacycle and am waiting on my ChiBattery 72Volt Gladiator battery for my SurRon. I’m fairly interested in the Electric Vehicle and fun sector of transportation. If the Miata ever needs an engine I’ll look at converting to electric. I’ve been a patron since Sandy Monro said I should go watch you. Thanks for the videos.
I think will be a big loose on the cars if mazda fails, I own a mazda, and all time I touch a mazda mine or a renting one, I love them, I feel soo much in house, It's something that usually I don't feel, they were the first or the second to go outside and say "NO! TOUCHSCREENS are not for drivers" But I agree, I'm looking to buy an electric car, and mazda is not there, and there is no news of a new electric car from mazda soonish. And I will say, I will end buying another car manufacturer.
Well I own a 2008 Mazda CX-7 GT all wheel drive, it was a good buy i did back then, it was fully equipped etc. The only thing is i was very disappointed for consumption of the vehicle rating Mazda was claiming to have 🙁 It has been reliable till today for me and fun to drive in the snow as well. As i told my 3 children's, it had seen them grown up to adulthood and it is still going, like their old man hahaha They each own a Toyota vehicle which are reliable and safe on the roads, but they know they will have one day switch to an EV and they are fine with that ;-) They have another 10 to 15 years with their current vehicles before they have to go EV ;-)
I used to own Mazda before I bought a Tesla 3. They are similar cars. Small, peppy, sporty and a joy to drive. Unfortunately for Mazda, there is no way to compete head to head with EVs on small, peppy and sporty or fuel efficiency. We may also with some snark opine that the rotary engine isn’t going to save them, though there may have been a time when it might have made a good hybrid. The axis of competition that Mazda was trying to compete on has been totally co-opted by EV strengths. They have no chance.
Sad numbers but Mazda makes a very quality vehicle. My 2010 Mazda6 currently has 370K miles and runs beautiful. If I won the lottery I would buy a brand new Mazda. When EVs are made at the same level of quality and affordable, I might consider one. That’s why I like watching Sam, knowledge.
Hydrosen Sam! B nice. De-nile isn't just a river in Egypt. I'm old enough to remember the changes Europe and the US. I miss, MG, the old Citroën. I was the huge fan of Studebaker, American Motors, Plymouth and the list goes on. Automakers who didn't or couldn't afford to change with current demands. The people like my big brother (who worked for GM for more than 4 decades )who believed Americans would never buy Toyota's and Nissan's. Mazda spent millions on its Rotery engine that might have changed the world. I was in middle school watching the old RX cars humilating big American V8. Then one day gas went from 35 cents a gallon to nearly 75 cents. Who wanted a fast small Japanese car that got the same mileage as a giant American car and yet Mazda pressed on.
Mazda's problems in Thailand are not just lacks of EVs, but also low reliability of its new fuel cars, not good marketings, too strict to its dealers, etc. In the past, Mazda BT-50 pickup (and its predecessor) was a Ford, some buyers chose one between the Ford Ranger and Mazda BT-50. Now, the new BT-50 pickup is in fact an Isuzu, the Isuzu (D-Max) is much more popular (in Thailand), so Thai buyers ignored (or don't buy) BT-50.
Oh, come off it. All of the Japanese car marques knew in the 2010s that the EV revolution was going to occur for the obvious environmental, running costs and convenience reasons. But, the morons who work in these Japanese car companies chose not to accept reality. They only have themselves to blame.
I just got a Mazda MX-30 and absolutely love the car. I'm still hoping that they'll come around and bring some interesting EVs, but this news is a bit disconcerting.
@@mikafiltenborg7572 love it? Not particularly, more would be more convenient. But it still is more than I need, even in winter. I know it’s the main reason why it gets it’s teeth kicked in every time someone is doing a review, but for me that’s really a non-issue.
I also have a mx30. Awesome Little car. I use to say it is a very good car But a bad ev and as long as you cover the range meter and charge it every night it is worth every penny. Changed our rx450h for the mx30 and it has been the best decision ever. Even here in Finland where winters are cold😎👍
Didn’t this bailout occur in 2020? Or did it take this long to get the bailout they requested? Sadly I agree that they’re their own worst enemy in terms of preparing for the future, I love my Mazda but wouldn’t feel right supporting or buying from them in the future with their lack of foresight.
Sales might be down but profability is up? Maybe moving away from small cars with lower margins to bigger cars with higher margins is not the worst idea for a small car maker.
My son and I got new Mazdas this year. Truly fun cars to drive. Mine is the turbo, which is more fun, but MPG should be better. Leased, b/c I believe in a few years comparable EVs will be available, though clearly not Mazda. At one point I’d have assumed Toyota would take them over. But given Toyota’s miserable trek towards EVs, I doubt that will happen. A Chinese brand will likely buy Mazda for their US dealers
While sales of Mazdas may be slumping isn't that also true for other manufacturers outside China? In Canada we are coping with legendary inflation, sky rocketing fuel prices, record breaking taxation, supply chain issues & food shortages. The last thing most of us would consider buying is a new car whether it was fuel or electric. Financially, I could buy a new car but I won't. I won't put myself in that position of financial uncertainty while waiting for the next disastrous move by our Government.
@@Shy_Knee_Side_Up I was a z guy at one point I had an '85 and 86 , their 300 ZX twin-turbo, which was in the shop more than out of it, The turbos burned out at 6k miels I think it was supposed to generate 300 hp; the turbo lag was "interesting" and the last one I had was the 1st rev of the 350. They were still working the bugs out with that one The new "Z" look interesting; no one has them in my area.
I have no doubt that Japan is in trouble, my question is WHY!?? These people in Japan are very electronic oriented and the culture completely embraces technology. I assume they are heavily propagandized to embrace oil. They have been kicking butt for 70 years of inventive technology. What’s going on?? Thanks Electric Viking ⚡️🍻👍
@@henrytaverner1803 yes or the 80s, I just naively assumed Japan was going to lead the world into a brave new technology revolution while the rest of us just trailed behind. Instead it seems they are reluctant and will go kicking and screaming. While China is really a force along with many others.
Several years back Japan became aware of large deposits of methyl hydrate (basically frozen methane) offshore. At that point Japan's government started talking about becoming energy self sufficient by extracting and using that methane for transportation and electricity. That seems to have led them to pursue fuel cell technology and ignore EVs (and climate change). And, due to cultural practices, I suspect once the leaders started down that path no one under them adequately challenged their 'wisdom'. BTW, Toyota's head engineer told the company that Elon had it right. That batteries were the best solution. In 2017.
Japan faces insufficient electricity after shutting down all its nuclear power plants. However, failing to block BYD from entering the Japanese car market in 2022 is a mistake.
Toyota has their hybrids and it seems they have been betting everything on hydrogen and solid state batteries, none of which panned out. But they cannot admit that they are wrong, so they are just plodding on. So.. sunk cost bias, I guess.
Tesla and China EVs and other EV makers will take up those market shares. I’m genuinely surprised to see Volvo and BMW for moving faster than VW. Perhaps the bigger the legacy company is, the harder it is for them to transition.
Premium brands can ask a higher price, thus have higher margins. Volvo is owned by Geely, which is based in China and produces evs at scale. My information says Bmw is making evs but not at scale. 7% currently at 128000. That's pretty good. Especially if they achieve their aim of 30% at 2025. Around 2025 evs will be at cost parity with ice cars. Chances are that ice car sales will plummet after that.
BMW SEEMS to be moving faster than VW. But total production ...? BMW is taking the GM route, introducing many models and selling almost none. Go Humbug!.
We have a 2018 CX-5. Mazdas have the reliability and owner satisfaction of Toyota without the higher price. They came up with a compliance EV but couldn't get the rotary range extender done in time. They say it's ready in 2023; that would correct most of the shortcomings of the car and make a nice niche PHEV vehicle: 150 mile range, with a lightweight, efficient constant speed engine. There are lots and lots of people who aren't ready for a pure EV. And I think Mazda could come up with an EV in short order that would sell because of its zoom-zoom looks.
Shame 😕 madza went . Some great cars in the past. My sister had madza 121. Back in the 1990s. Thousands of job on the line. I enjoy 😉 your channel. Thank you 😊.. not electric fan. Petrol ⛽ head but love cars.
Mazda will likely be purchased by Toyota since Toyota already ownes part of Mazda right now. The two companies just opened a joint factory in the US. It's already rumored that Mazda will soon get Toyota's hybrid systems. Toyota will keep Mazda as the young and sporty brand.
And that's why I'll keep buying Mazda. Staying with ICE as long as possible. Not only is current battery technology nowhere close to being ready for mass adoption but neither is the charging infrastructure or electricity generation. I'm curious what the reason is, in your opinion, for Mazda having that joint factory with Toyota in Alabama?
A Mazda CX-5 owner will pay a staggering *$39,000* with petrol and ICE maintenance costs over its 15 year lifecycle. This astonishing financial outlay costs as much as the vehicle itself. An EV which is charged with home solar has *zero* energy costs. So, this has the simple practical financial effect that even if an EV costs $5,000, $10,000 or even $20,000 more than a petrol ICE equivalent, the EV owner will still very easily come out ahead compared to a financially intensive ICE car. If a prospective EV new car owner can find an appropriate EV car for their needs and wants, and, has access to home charging, then it will always make sense to pursue the EV option, as the inherent financial and convenience benefits are irrefutable.
@@garbonzobean1 This is exactly the point of home solar: the energy from the sun is free. With increasing use of renewables, with fossil fuel usage declining as well, this will have the the effect of lower electricity prices for consumers. Fossil fuels and the power plants that they feed into are expensive to purchase and maintain.
@@garbonzobean1 Again, do you really want to contend with the sheer reality of having to pay $39,000 for petrol and maintenance costs for an ICE car over 15 years??
The fact half the people are working from home don't need 2 or 3 cars anymore. Also, covid where more than half the globe was in some sort of curfew ofcourse the sales were going to drop. Plus price hike went across all brands. EV's are not affordable, grids aren't just ready. Plus EV's aren't really green either
A Mazda CX-5 owner will pay a staggering *$39,000* with petrol and ICE maintenance costs over its 15 year lifecycle. This astonishing financial outlay costs as much as the vehicle itself. An EV which is charged with home solar has *zero* energy costs. So, this has the simple practical financial effect that even if an EV costs $5,000, $10,000 or even $20,000 more than a petrol ICE equivalent, the EV owner will still very easily come out ahead compared to a financially intensive ICE car. If a prospective EV new car owner can find an appropriate EV car for their needs and wants, and, has access to home charging, then it will always make sense to pursue the EV option, as the inherent financial and convenience benefits are irrefutable.
An EV charged at home with solar is 100% green. This is beyond doubt. A Tesla Model 3 only needs 4kWh of electricity to cover the 33km of distance driven each day. For this who need to charge with the public power grid, with further investment, the electricity grid can easily accommodate this slight increase in usage. Moreover, all electricity grids will be converting to renewable energy sources in the 2030s, as fossil fuel electricity plants are way too expensive to operate.
This is a shame. Their first ev mx30 is loved by its owners and is an awesome car. Compared to the competition it has amazing matrix headlights, very quiet interior, high quality interior material and options for 360camera and heads Up display. When you first sit in a kona or e Niro and jump back in the mx30 it is like coming from a Dacia and going into a Mercedes.
I fully agree. If I didn't need to regularly drive longer distances from Sydney, the mx30 would have been high on my shopping list, even if it is a bit pricey.
I agree with the concern for US sales, but there’s no supply. Each lot has 1 to 2 new cars max. Even for those of us who would like to buy, there’s no cars. The end result may be the same based on poor supply which can’t balance out debt.
To the Viking do u expect manufacturers to be owning there own dealerships because of the electric vehicles being basically parts and service free. As I dont think the private dealership ownership can exist on sales alone. What do u think
The question is will the other Japanese car makers figure out after Mazda go bankrupt or will they continue with their ICE car and hydrogen is the future crusade.
Electric cars still dont make sense in thailand unless you can afford 2 cars. Ice cars buyers still make up 99% of new car and truck sales here. but things are slowly changing , afew chinese Evs available now but still not cheap and Charging stations bairly adequate for the small number of ev s here already A great wall ora good cat that costs over a Million thai baht 30 k usd hit some debris On the highway here which puntured its battery Pack , the battery replacement cost was about half the cost of the vehicle around 15k usd.
I wondered about lots of place like India also. Truth is they make up so few cars over all no one discusses them. Not significant. They will need to wait I think for really cheap little EVs and more solar in country.
I live in Poland and It is not a good choice to own an EV as your only car. Some freeways go over 100 miles without a single charger. In my city there is not a single one available for public use. We're still 20 years away from EVs being a good replacement.
According to mr Viking Nio is going out of business GM sucked Ford is goner Nio goner Honda gone Toyota ehhhhhb gone Blah Blah Wowzzzy The car industry is coming to an end… Well except Tesla! Hmmmm Dooms day coming soon!
The EV revolution will only continue to cut deeper into the bottom line of those legacy auto makers which are not able to transition fast enough, either physically, financially or both. The disruption to the whole auto industry will cause a lot of businesses to go into greater debt, with some makers inevitably merging, being bought out or going bankrupt, leaving only their brand name to remind us they once existed. This is a common feature of Capitalist free enterprise, where understanding the future trends and keeping up with the movers and shakers determines the competitiveness and survivability of any business and even whole industries. You either get with where the future is going, or risk getting buried in the dust of the no longer relevant redundant past.
It is too bad. I drive a Mazda now and like it. Mazda's problem in China is not dissimilar to Jeep's. It is to do with product and pricing. It is simply not competitive in ICE space.
Too bad because my last 3 cars have been Mazda 3's - very reliable - they all went 320,000 kms plus. They will be bought by Toyota in the end. The winning formula for electric battery technology is yet to be determined. Perhaps they are waiting for this to develop.
Toyota makes tons of EVs, but most of them are industrial vehicles like forklifts. I am not sure Toyota will save Mazda, but they will be one of the companies trying to pick up their ICE technology. A lot of countries especially developing countries will continue to depend on ICE vehicles for decades more to come. I am now in the Philippines. Latest figure I could find is that it has 13k registered EVs.
I feel bad for Mazda. They are dooming themselves to obscurity. They do make good cars. I've driven Mazdas exclusively for the past 20 years and currently own two but I'm done. They may as well be making horse drawn carriages.
Mazda is a car company that seems to be on a different planet.. Just when the time where the other car companies are going into smaller engines and electrification, they just developed bigger V6 engines petrol and diesel...I find it weird when they hybridized these engines.. Now I love Mazdas, their cars look beautiful and amazing and are the more reliable ones too..What I heard about their declining sales is caused by the chip shortages.. Reports said that they are even struggling to cope up with the demands of their CX 50s in the US.. However if they are really to go bankrupt, I hope Geely buys them, that would be an amazing combination..
I love Mazda for their affordability and reliability. However unless they develop a car getting 50+ mpg I just don’t see any potential with ICE vehicles. EV’s are the future. Even though most Americans aren’t mentally there yet it is happening.
Tesla and the Chinese EV market is disrupting and maybe destabilizing car manufacturing in the world . New vehicles are now unaffordable for maybe half or more than half the population . I bought my son a brand new kia Rio in 2004 for $6000 . Those days seem to be over unless Tesla or more than likely the Chinese will put out an EV for the masses
I have been wtching a number of your videos. And hoping for EV future. Today I looked up the most selling cars in Australia then US. August come up in google, guess the latest month. I am surprised there is not even an EV in top Ten in Australia. Mostly 'utes' crossovers- including a Mazda-CX5!. In US too, not in top ten , only at 13 and 16 spot are Teslas. So what is going on, as I understand EVs , Teslas already available in Australia, why arent people buying them? More interestingly why do people buy ICE cars so much still. You say their values will fall a cliff-why dont they just run their old vehicles, or just lease go car -free? Or ICE cars with their price or utility-utes- seen better choice by the majority of buyers? I also came across gas/electric fuel comparisons- it seems in UK , US , Germany fast charging already more expensive than expensive gas-without having taxes like on fossil fuels in UK and EU. What do you think about that? It would be really interesting if you discuss these questions critically.
The whole convo revolves around demand. Tesla sells every single car it produces. It’s growing at a pace that no large scale manufacturer has ever grown. As Tesla continues its growth it will produce enough volume to be topping the sales charts. Tesla increased its model Y sales in Europe 227% from September 2021-September 2022. That’s insane when you factor that their Berlin factory hasn’t even ramped up production yet. Now in regards to charging.. most people charge at home overnight. It’s much cheaper than going to a fast charger or super charger and paying for speed. You only really need to do that on a long trip or if you are an Uber/lift driver or something along those lines. Something that is very clear in studies is that energy prices will continue to come down in the future. We haven’t quite arrived there yet, but a major disruption is happening in the power generation, storage, and grid. For example, Solar prices have continued to decrease and become widely adopted. I live in Hawaii and our electricity is the most expensive in the US. I just did the calculations and if I would pay off my entire solar setup in only 3 years if I paid monthly what I’m paying now for electricity. Then I would have essentially free electricity for the remaining 25 years of the life of the panels themselves. This is at current prices and the prices just keep coming down. That’s just one example of the disruption that’s happening in the power generation and storage sector. Hope this helps a bit.
Hey Sam at 8:28 of the video it shows Mazdas sales falling and giving a percentage ,2021 is not a 21.85% drop it is more like a 10.6% drop from the previous year
@@adventuresinparadise1522 A guy on RUclips is an uber driver. He bought a short range model 3, new in march 2020. He charged it up 3 times a every day on super chargers. The car is two & a half years old & he is replacing the battery. Because he's done 140,000 miles, the battery in not covered by warranty, due to distance. Many Toyota Hiace vans, used by courier drivers, last 550,000 miles. Still there is a problem with super charging on a regular basis. My ICE car in Australia, has a 1,000 klm range. I fill it up in 5 minutes & it lasts me 4 weeks. I do a road trip, get to my destination & come back home again on less than a tank of fuel. I hope battery cars improve, however, this point in time, I still have issues, with charge times, battery degradation & range on trips
Sadly, Viking you did an excellent analysis. I have owned Mazda's for 20 years. Thet are in the top 5 in reliability and are fun to drive. However, facts are facts and they will have to build EV's for other brands to survive. They work with Toyota which might help.
Didn't Mazda go upmarket and raised its prices a few years ago. Maybe just maybe people are borking at the price rise and stopped buying them.(this is in the Aus market)
Mazda is *not* an upmarket car marque. Mazda is just not the Mercedes of Japan, no matter which way you cut it. You do not need to be wealthy to buy a Mazda 3.
@@user-kc1tf7zm3b you know that I know that but Mazda in it's wisdom thinks it's a premium car maker and raised prices.just saying maybe one of the reasons why people aren't buying them. Also you can get cheap entry level Mercedes or BMW.
@@Mixos_place People are not buying Mazdas on a global scale as they do not have any meaningful EVs in their product range at all. ICE car sales peaked long ago in 2018, with the rise of EV popularity and acceptance being the sole reason for this phenomenon. A Mazda 3 can be had in Aus for $30,000. But, for the equivalent Mercedes A-Class with a decent specification, this will cost at least $50,000, which represents an additional 67% cost increase. Most people cannot afford a new Mercedes, especially when it comes to SUVs and larger sedans like the E-Class. Mercedes is very much a luxury car brand.
@@user-kc1tf7zm3b I don't think Mazda said they are a luxury brand rather a premium brand. I think it has do all with what the Viking said, but I'm sure the Ev revolution will make hard for them to complete. All these brands the Viking has been going on, they all can't asleep at the wheel?.
In Australia, it costs a massive $35,000 to operate and maintain a traditional ICE car for its 15 year lifecycle. This $35,000 figure comprises of $25,000 for petrol and $10,000 for maintenance. So, even if an EV costs $10,000 more upfront compared to an equivalent ICE car, the driver will still very easily come out ahead financially. Naturally, an EV is free to charge with home solar. Plus, there are no traditional engine and transmission maintenance costs.
@@user-kc1tf7zm3b Where are you getting those figures from? Charging EVs isn't free and on a public charging network the costs can be as high as petrol and diesel. EVs break down too and when their batteries decline in capacity their value is next to nothing. Things are heading in the right direction, but don't kid yourself, the prices aren't on par with ICE just yet.
@@SK-yb7bx Sydney does not agree with Dublin at all! Just like everywhere else in the world, the Australian market cannot receive enough Teslas from the US factories, where orders have to be placed many months in advance of the eventual delivery date. *$35,000 ICE car running costs* A car has a typical lifecycle of 15 years. In Australia, the biggest selling car in 2021 was the Toyota RAV4, petrol costs $1.75 per litre, and, 12,100km is driven each year. The RAV4 has an urban fuel economy of 7.8L/100km, and requires servicing every 6 months, which costs at least $320 with each service. So, over the 15 years, the approximate cost for petrol is $25,000, with maintenance costing $10,000, for a grand total of $35,000. *Free home charging* Home solar charging is naturally very much free in Australia. This removes all petrol bills from the outset. Even if a Tesla Model 3 driver had no solar panels and was compelled to use the electrical grid for charging, the running cost is only a measly 3c per kilometre. The Model 3 has a 60kWh battery, which yields 491km. Aussies pay about 25c per kWh. The Toyota RAV4 has a combined petrol and maintenance cost of 19c per kilometre, which is a 6 fold increase over the Tesla Model 3. Again, petrol is not cheap, and, neither is scheduled dealer servicing. This has the result that even if a prospective ICE car is $10,000, $15,000 or even $20,000 more expensive than the retail purchase price of the Tesla Model 3, the Model 3 owner with will _still_ come out ahead compared to the ICE car equivalent, due to all of the savings and efficiencies that EVs can only render. *EVs are far more reliable compared to ICE cars* EVs do not have very complicated and finicky petrol engines and transmissions that feature in ICE cars. The motor only has one moving part. There is no transmission. This makes EVs far more reliable compared to ICE cars, which require dramatically less maintenance compared to ICE cars. The battery pack in the EV will very easily last the life of the car.
They have flushed the toilet by being in denial. All OEMs should completely scrap their ICE operations and begin the transition to EVs if they really want to exist in the future. ICE is done.
Interesting video. I find the idea of Toyota building EVs for them even more laughable given the bZ4X debacle and Toyota themselves having to go cap in hand to BYD for an electric Corolla. BTW, why did you show the CS60 (a PHEV) when the dud Mazda EV was the MX30?
Yeah but you'll find electric vehicles will be a very competitive market, so I can understand them wanting to carve out a nich in the ICE ,like they did with the rotary, as this may work in there favour providing they get marketing and pricing right, which could be the main issue at the moment especially against the Chinese with similar style vehicles at half the price means they could be in trouble and if government regulations against ICE turn really nasty in some countries, yeah I wouldn't be getting shares unless you we're selling short
He said in past videos VW , Toyota, Chrysler I'll be first to go bankrupt. Next video " BMW first to go bankrupt" followed by "BMW"s next gen EV is awesome. I want one!"
It is so true😂 everybody will go bankrupt... except byd an tesla
@@dnc3861 Communist China making EV cars that will be mandatory to be sold on the whole world? What can go wrong1?
I think all the US car dealers could face bankruptcy. I’m sure they’re going to get another bail out from the federal government. Electric cars are only good for short distances. And there’s very little inner structure for them.
Toyota and Mazda still have a solid 10+ years with hybrids in the USA. We aren't even close to ready for everything to be EV. I live 80 miles outside Seattle and it's all trucks and regular gas crossover here. The RAV4 hybrid is gaining popularity! Most people around here have no interest in EV's and they won't pay the price premium for one!!
Agreed on hydrogen. I wouldn’t care how cheap it was, it still has to be converted to electricity. Inefficient at best.
Yes but, Hydrogen could be enormous in some years. Did you see Tony Seba's videos. He show that you need solar panels and batteries for 4 days to quit the grid. It's study for winter but in summer, with the same materials, you can generate much much more than what you need. With this exces of power, you can genarate free hydrogen. With Space X, Elon try to generate some methane CH4 with the CO2 of our air plus water, H2O anď green electricity. If they find it, you could do it for free and, you could use the Spaceship to travel everywhere around the world in minus than one hour. Elon said that one more time this week, on the zoom meeting where he had only one candel as light.
@@benoitgroux6543 I should have specified hydrogen for cars
Agreed too but I'd say the cost to make hydrogen is a huge hurdle... consumers won't like to pay more for hydrogen than for electricity. Also the transportation sector is very cost/km or cost/mile driven aware, so the choice for them depends purely on cost.
@@krisvandermeulen253 but you're making the Fossil Fuel companies cry. Loudly....
😭😭😭 😁
@@krisvandermeulen253 Physics plays a massive role in the utility of Hydrogen as it is very difficult, (currently), to produce, store and transport Hydrogen this makes it almost impossible to compete with BEVs. If companies currently researching Hydrogen crack some of the proposed solution then there may well be a market for Hydrogen in the future but not for personal transportation.
Oh no, I just bought a Mazda CX-50 because that's what my wife wanted and the EV market has been elusive to me for availability and price reasons. But you have to admit, the styling of their CX-50, CX-60, CX-70 are really eye catching in their class.
Your new Mazda CX-50 will still be relevant for years to come. But, by 2030 the ICE car will be next to worthless.
I tend to agree with S, as long as you aren’t looking to sell the vehicle, it’s not a big deal except that the gas is good to continue to rise in cost.
ICE cars are not going to just disappear in the next 7 years. It's going to take decades
@@sjsomething4936 According to Mazda Canada, the fuel economy of the 2023 Mazda CX-50 is 9.7L/100km for the city cycle, which is a bloody high number. CO2 emissions are 224g/km. The CX-50 weighs 1681kg.
So, assuming that Aussie petrol costs $1.80/L, 12,000km is driven each year, Mazda dealer servicing is effected every 6 months at $320 each, the annual running cost is a considerable $2735. Naturally, this annual cost is perpetual and cumulative for as long as the CX-50 is in commission. So, over the typical 15 year life cycle of a car, the CX-50 costs a staggering *$41,025* to operate. This is as much as the vehicle itself! Total CO2 emissions are 40 tonnes.
This simple Mazda CX-50 financial example illustrates why drivers are quickly abandoning traditional petrol and diesel ICE cars, as the high financial and environmental life cycle costs just cannot be denied, much less justified. Come 2030, the existing ICE car fleet will be next to worthless. In 2030, only an utter moron would seriously consider an ICE car, especially when ultra fast 5 minute EV charging vehicles will be a common reality by the start of the next decade.
Sam Evans, the Aussie channel host, is frequently comparing ICE cars to 2000s Nokia mobile phones. Of course he is bloody right. For those with memories of that era, as soon as Apple introduced the iPhone 3G in 2008, the legacy feature phones immediately had no residual value, nor lingering disability, for all consumers. In 2008, everything changed in the mobile phone market.
@@user-kc1tf7zm3b I agree with all of your points, which is why I bought a Chevy Bolt in 2018 😉. I was merely pointing out that as long as the OP isn’t worried about the resale value and will be keeping it a long time, the purchase itself is not bad. He’s already bought the vehicle so the decision has been made. It’ll hold resale for a few years but as more EV models become available, and at lower prices that resale will likely drop worse than normal. I cannot deny that from an environmental perspective I think this purchase was worse, and why I couldn’t avoid buying an EV when I could afford one and they had finally become a realistic ICE alternative. I know they alone are not the solution to our CO2 emissions problem, but they have a lower impact over their lifetime and I have kids whose future I am now pretty concerned about.
The only other thing to note is that petrol isn’t likely to remain $1.80 AD for the life of the vehicle. As Sam has rightly pointed out before, as ICE vehicles become more scarce, so will gas stations. Typically as a market shrinks the prices come down to try and retain customers. However, I believe this may not be the case with gas (petrol) as the mere act of producing it is quite costly - extraction, refining and distribution are relatively fixed costs to produce it that petroleum companies cannot make disappear and are also generally hard to reduce, it’s much more likely that they’ll increase.
Contrast that to electricity, which I believe is going to DECREASE in price, or at worst stay relatively flat. Renewable energy sources are now the lowest cost methods of producing energy and dropping annually with new technologies applied to them to make them more efficient. Combine that with increasing deployment of renewables and there’s a natural tendency to greater overall production of electricity which, all things being equal, would result in downward cost pressures. Ironically the switch of many drivers to EVs may spike demand enough to keep electricity prices rising or level, it’ll depend on the relative rates of EV adoption vs. electrical production.
Really enjoy the data/evidence you present as part of your videos to back up your position. Thanks for cutting through the marketing, and presenting the measurable facts.
Sam you could star in a sequel to 'The sixth sense' - "I see dead car companies".
Mazda has Skyactiv-X technology for a some of their engines which is some of the best petrol engine technology out there. 20% to 30% more efficient then the competition. Maybe they are wedded to their cutting edge combustion technology and can't bear to throw it in the garbage can and focus on EV technology.
The quality of the cars is not in question, they are indeed great. The financials and future prospects on the other hand...
We need the SCCI technology here in the USA Market. The new CAFE, Corporate Average Fuel Economy, standards will be impossible to meet for companies selling large ICE SUV unless they also sell a larger number of EV to offset the ICE. The SCCI is over 50% thermal efficiency and in the proposed new Mazda 6 with a straight 6 cylinder RWD layout and Aluminum construction it should make the 54mpg standard. I want a 70 mpg 3 with AWD and 300 HP that weighs under 1000kg
I’m old! 🤣🤣🤣 I loved the Mazda RX-7 when it came in the market. $8395 with a rotary engine. That was their big selling point, the rotary engine back in the day. I’m just saddened to see this happen. What a shame.
Like the Datsun 240 Z, the RX-7 was a head-turner in its day. I never owned an RX-7, but the selling point was the simplicity of the engine, correct? The engines, if I recall, were horribly fuel inefficient, and suffered engine tolerance problems, The RX-8 was pretty nice re-introduction but that didn't last long.
I worked at a Mazda dealer back in '71. Just about all their models were available with piston or rotary engines. They had problems, but I've got to hand it to them. Even when warranties were over, they were still installing new rotary engines for folks. I worked at another Mazda dealer in the early 90s. Once they got fuel injection in them and figured out the oil injection, those RX7s were very reliable, long lasting cars. They were still thirsty though.
I'm also old. I bought the first Mazda 626 FWD in 1983. It was the top of the line SE with power steering, digital dash, sunroof and electronic adjustable suspension. It cost me a years wage at $17.5k and lasted me for 21 years. But no more. My next car will likely be a MG4 or an Ora funky cat.
@@craighermle7727 maybe someone should take old RX-7 and RX-8 convertibles and turn them into EV’s! 🤣🤣🤣
@@mikevale3620 Me too, Mike. That Funky Cat looks good. I'll have to win a lottery though.
I am not totally in tune with everything that surrounds BEV's and the support technology, before I subscribed to this channel a couple month's ago I told my wife that the internal combustion engine was a dead end technology. For me I have no interest in new internal combustion engine technology.
Did anyone notice that some of the numbers didn't add up (or rather divide)? The final value for loss of sales in the table at 8:30 timestamp should have been -10.62%, not -21.85. This correction makes it look like they are starting to turn things around. Let's face it though, with their current strategy that's not going to happen and the numbers will continue to be negative.
I agree 100%
It’s shocking how quickly the Ev disruption is happening.
And it almost didn't happen. Musk has said in the past they were very close to not making it. If Tesla collapsed, I'm reasonably sure GM , Ford or what was Dodge/Chrylser in the USA wouldn't have done a damn thing to introduce electric vehicles. GM had abandoned the idea in the 90s.
Legacy car makers were banking on Tesla failing. Some still seem to be in denial that it's actually happening.
@@mohammadwasilliterate8037 🤣🤣🤣🤣🤣🤣🤣
Shocking, only due to the EU mandating ICE to be stopped !
Actually, no it's not. Your perception only comes from 1d10ts who wrote & broadcast anti-EV sh1t. 1d10ts who believed that sh1t, 1d10ts with vested oil & ICE interests who paid for that sh1t, & redneck F##kWits who are too stubborn & d1m to accept they're wrong & change (keep it on the tracks, boys). The rest of us knew, once EV's got rolling, that there'd be massive uptake.
Wait till standard EV's all have good battery cooling, range & long life cycles & all the diehard petrol heads will only have "yeah, but mine sounds better". Then all the EV racers will have a high power sound systems with a sub, that can emulate the NVH, but sound better when music's playing because it's not fighting the ICE for your attention.
I have been to Japan six times and have made many friends there now. I said to these friends if Japan doesn’t start making EV VEHICLES soon, they will be left behind. I said that in 2018.
Same thing for the motorcycles. Harley made an electric bike and Japan....
@@brucetaylor2887 Honda worked on their electric motor bike 10 years ago... and just recently made an announcement on public plans. So, they have been listening...
@@brucetaylor2887 EV motorcycles will kill off long distance moto touring. I'll never ride an EV Moto.
The tragedy is that ten years ago, with the Mitsubishi iMIEV and Nissan Leaf, Japan led the world in EVs. Then they p!ssed it up against the wall.
I have a Leaf and love it, but the car deserves far more development than it's had.
And it was a flop. Harley and electric just don’t go hand in hand.
Here in the United States if you want to travel cross country without excessive delays, additional lodging, and meals, you must drive an ICE vehicle, Hybrid, or PHEV.
If you really want to give up your freedom to enjoy the open road, then buy an EV.
lol
The real problem is people in cities where they have no place to plug in, and have to public charge. That's probably a quarter of the market.
Totally agree with your take on SeekingA. I cancelled my subscription for same reason and something similar happened.
It’s sad to see this for Mazda but the facts are facts, you don’t have to like them but they are still facts. Cheers mate thanks for the info.
The overall quality of vehicles increased in the last 15 years and that's also hurting legacy manufacturers. My CX-5 is almost 10 years old and it sill looks and run like brand new. I don't feel the need to change it, especially now that I'm working from home. I see very few electric SUVs in the wild (a few Model Y at best). It would be hard for me to say, sales are down because of EVs.
I see your point....
Dont know where u get your info bro but...
Mazda has confirmed it’ll increase its electric vehicle (EV) development budget, revealed alongside a slinky sports car concept.
As part of its revised “mid-term management plan” Mazda now intends to invest ¥1.5 trillion ($16 billion) to develop electric vehicles as part of a three-phase strategy.
I don't foresee Mazda going bankrupt anytime soon, especially if they join forces with Toyota. If Mitsubishi can make it, so can Mazda.
Sad to hear this. My two most recent cars were Mazdas. Best cars in their classes.
It's sad to hear this. I've been driving Mazda since 2004. They have been great cara for me. I'm still driving a 2008 Mazda 6s that is approaching 300k and still runs great.
Agree, will miss them
I am shopping for a Mazda specifically for a CX5.
Don't care for an EV.
Too rural an area to own an EV.
Watch the residual value!!
And spare parts prices when they go under!!!
No way they can survive
@@lumtavon1952
Yep, price parts are crazy. Buy a used EV and the worst that can happen is a 20k battery replacement. Everything else will be working just fine so it's all good.
@@lumtavon1952 How is a company that is currently selling every vehicle they produce in or export to the US market going to go under? Mazda just opened a new Factory in Alabama for the US Market only CX50. There are so many CX50 already sold that we could not test drive one at a dealer because they were being prepped for delivery to the customer that bought them. Had to drive a CX5 instead. CX50 is a little bit bigger and more ground clearance. Plenty of videos . EV adoption in the USA is lagging the rest of the World. Most of the US geographic area is rural. I would have to install a 100kw or stronger charger at my home.
Another head in the sand Nokia moment from Mazda. Sad to see.
Partly agree but without innovative forces we all would be worse off
Noone thinks anymore about the Nokia layoffs and frankly speaking only the Mazda executives should feel ALL the shame.
Nokia non-smartphone phones are cheap but Mazda cars are not, so I think Mazda is next Kodak instead of next Nokia.
Everything will be destroyed in the end because we live in a mortal world ..... but I will take care of my mazda as long as I can
This year, with gas prices hitting an all time high in the US, 95% of car buyers chose ICE. It's an overstatement to say that an automaker that hasn't gone full in on electric yet is finished. It'll be decades until we're finished with gas powered vehicles and Toyota, Honda, Mazda, etc knows this. While I love EVs, most Americans still think they're a silly fad. More gas stations are still being built than charging stations.
In japan, they just simply rebadging other car makes just so they have some JDM product. Their market share are small
A few decades ago I owned a 1988 Mazda 323. It was a great car in its day, & lasted me until about 2010 when its cooling system started to leak & I turned it over to the recyclers for a modest cash rebate. My present car is the 2007 Honda Fit that was a bequest from an aunt of my wife. We love that little car. It will climb steep hills on mountain highways better than the 323 did, has better fuel economy, etc. Sadly, both Mazda & Honda seem doomed to fail fairly soon - they are very late to the EV party & are apparently not familiar with Tony Seba's forecasts. I suspect that both companies spent decades weeding out the clear thinkers in their top management that might have otherwise saved their bacon. Unfortunate, but disruption happens quickly & there can exist only the quick & the dead. New players, new ideas, new products will win the day.
Hopefully, motorcycle sales will save Honda.
Can I ask how She left the car to you? Was it a named item in her will? Just curious. I want to leave my Tesla to a nephew.
@@eugeniustheodidactus8890 Sorry, my error in my comment. The aunt left the car to my wife, as a named item in her will as I recall. For a year or two we had two cars, & when the Mazda died my wife generously suggested that we go through the minor bureaucratic hoops to re-register the Honda in both our names. This would simplify continuity of ownership should she suddenly die. After that, I began referring to it as either "our" or "my" car. I'm an old-school sexist man, I guess...
I'd politely suggest you consult a lawyer or other knowledgeable professional {notaries are often given this role} for advice. In my Canadian province, dying without a will creates a messy situation for your survivors. I'm now 74, & my small home town has many "retirement villages" because of its pleasant weather most of the year, so our town also has a generous supply of lawyers feasting on the rich "wills & estates" pickings.
@@jrb_sland5066 I get it ! It's always best to be on the title before a benefactor dies. Best wishes.
I think a lot of automakers are faking production issues for two reasons. Demand is down and they want to hide that fact, and keeping inventory low allows dealers to keep the selling price higher.
Here in the UK second hand car prices have never been so high and this is set to continue for many years to come. Battery powered cars are just too expensive, difficult to charge owing to the poor infrastructure and as yet there are not many cheap used ones for sale. The ICE car will be around for a very long time.
A Mazda CX-5 owner will pay a staggering *$39,000* with petrol and ICE maintenance costs over its 15 year lifecycle. This astonishing financial outlay costs as much as the vehicle itself.
An EV which is charged with home solar has *zero* energy costs. So, this has the simple practical financial effect that even if an EV costs $5,000, $10,000 or even $20,000 more than a petrol ICE equivalent, the EV owner will still very easily come out ahead compared to a financially intensive ICE car.
If a prospective EV new car owner can find an appropriate EV car for their needs and wants, and, has access to home charging, then it will always make sense to pursue the EV option, as the inherent financial and convenience benefits are irrefutable.
@@user-kc1tf7zm3b We have a CX-5, we're retired and drive 5000 miles a year. I do almost all my maintenance, so I come up with a third of your cost figure. We bought it off-lease for $20K. We do little city driving so it didn't even make sense to get a hybrid.
EVs charged with home solar are zero cost if you got free solar panels. Let me know if you get a deal like that. Otherwise, figure in the car's proportion of the actual cost.
@@jamesvandamme7786 Mr Van Damme, you have not considered the entire Australian solar panel equation, while factoring all the of costs… and revenues. As it stands, nearly all new build homes in Australia have solar panels installed. As any accountant would advise.
As for an Australian Mazda owner effecting their own servicing, only a fool would attempt this, as this voids the utterly critical 5 year new car warranty. The same accountant would advise his client not to complete their own services.
@@user-kc1tf7zm3b So the solar panels are built into the price of the house; they're not "free". If you had no EV, how much could you get for the electricity?
Here in the US, servicing does not have to be done by a dealer or even a registered service shop. I do keep records on what parts I buy.
@@jamesvandamme7786 The Australian annual cost of running 2 ICE cars and household electricity is $5458 per year. But, this would naturally be removed altogether, to a zero cost, once a home is self-sufficient in generating solar electricity to power the 2 EVs and the household. This consideration is key to understanding the fundamental value of having home solar.
The cost of installing a 20kWh home solar panel array and 18kWh battery storage is $44,480.
However, the feed in tariff (FiT) for excess solar electricity sold back to the grid yields $2131 in revenue per year.
So, the break even point for the home solar and battery system, once the FiT is considered, is 5.86 years (70 months). After this point, the home owner is still yielding $2131 of FiT revenues each and every year. Moreover, at the same point in time, the homeowner saves $5458 every year in removed petrol and electricity costs which is essentially free income. A dollar saved is as good as a dollar earned. The recurring total annual benefit is a significant $7589.
Even if FiT was not considered, due to a very strange turn of events where FiT was not a reality, the break even point still arrives in 8.14 years (98 months). The homeowner is still saving $5458 every year, which is essentially free income.
This explains why most new build homes in Australia have rooftop solar panels installed. The simple financial advantages are truly undeniable. Moreover, this leads into the increasing Australian consumer preference of EVs which would replace their legacy ICE cars. Australians are totally over paying $1.80 per litre of petrol, which is a perpetual cost for the life of the ICE car.
Sam Evans, the channel host is totally right: by 2030 ICE cars will be utterly obsolete.
I have a Miata RF I inherited from my wife and it’s fun in nice weather. I’ve kinda put it away for the winter, and am driving my GMC4X4/Duramax for the next 5-6 months. I have a Cybertruck and Aptera on order. Just got an email about the delivery of my Metacycle and am waiting on my ChiBattery 72Volt Gladiator battery for my SurRon. I’m fairly interested in the Electric Vehicle and fun sector of transportation. If the Miata ever needs an engine I’ll look at converting to electric. I’ve been a patron since Sandy Monro said I should go watch you. Thanks for the videos.
Good info. I was harsh on you but now I watch almost all of your videos. Keep going!
Thanks, will do!
I think will be a big loose on the cars if mazda fails, I own a mazda, and all time I touch a mazda mine or a renting one, I love them, I feel soo much in house, It's something that usually I don't feel, they were the first or the second to go outside and say "NO! TOUCHSCREENS are not for drivers" But I agree, I'm looking to buy an electric car, and mazda is not there, and there is no news of a new electric car from mazda soonish. And I will say, I will end buying another car manufacturer.
Well I own a 2008 Mazda CX-7 GT all wheel drive, it was a good buy i did back then, it was fully equipped etc. The only thing is i was very disappointed for consumption of the vehicle rating Mazda was claiming to have 🙁 It has been reliable till today for me and fun to drive in the snow as well. As i told my 3 children's, it had seen them grown up to adulthood and it is still going, like their old man hahaha They each own a Toyota vehicle which are reliable and safe on the roads, but they know they will have one day switch to an EV and they are fine with that ;-) They have another 10 to 15 years with their current vehicles before they have to go EV ;-)
I used to own Mazda before I bought a Tesla 3. They are similar cars. Small, peppy, sporty and a joy to drive. Unfortunately for Mazda, there is no way to compete head to head with EVs on small, peppy and sporty or fuel efficiency. We may also with some snark opine that the rotary engine isn’t going to save them, though there may have been a time when it might have made a good hybrid. The axis of competition that Mazda was trying to compete on has been totally co-opted by EV strengths. They have no chance.
So sad, I loved Mazda. Owned a Mazda 5 and always wanted a rotary. Zoom Zoom. I hope they can turn around and bring an EV to market.
well you could buy two brand new mazda 3's for the price of a tesla 3 so theres that.
@@jebes909090 - except the Tesla 3 is more equivalent to the Mazda 6.
Sad numbers but Mazda makes a very quality vehicle. My 2010 Mazda6 currently has 370K miles and runs beautiful. If I won the lottery I would buy a brand new Mazda.
When EVs are made at the same level of quality and affordable, I might consider one.
That’s why I like watching Sam, knowledge.
They do make very good vehicles.
Mazda won't survive with just the two of you as customers my friends!
Mazda?
You said Nissan was going down, NIO, and Stellantis…
No doubt at all, Japan in big trouble. Closures/mergers will happen. Down here in AUS, which is unprotected, Chine will dominate this decade.
Hydrosen Sam! B nice. De-nile isn't just a river in Egypt. I'm old enough to remember the changes Europe and the US. I miss, MG, the old Citroën. I was the huge fan of Studebaker, American Motors, Plymouth and the list goes on. Automakers who didn't or couldn't afford to change with current demands. The people like my big brother (who worked for GM for more than 4 decades )who believed Americans would never buy Toyota's and Nissan's. Mazda spent millions on its Rotery engine that might have changed the world. I was in middle school watching the old RX cars humilating big American V8. Then one day gas went from 35 cents a gallon to nearly 75 cents. Who wanted a fast small Japanese car that got the same mileage as a giant American car and yet Mazda pressed on.
Mazda's problems in Thailand are not just lacks of EVs, but also low reliability of its new fuel cars, not good marketings, too strict to its dealers, etc.
In the past, Mazda BT-50 pickup (and its predecessor) was a Ford, some buyers chose one between the Ford Ranger and Mazda BT-50. Now, the new BT-50 pickup is in fact an Isuzu, the Isuzu (D-Max) is much more popular (in Thailand), so Thai buyers ignored (or don't buy) BT-50.
When Mazda cut its relationship with Ford several years ago, reliability improved dramatically.
It is so sad to see. We had 6 Mazdas in our family and really enjoyed them. It is too bad the EV transition caught Mazda unawares.
The Mazda 626LX was one of the best cars I have ever owned. Not very peppy.... but it was brilliant, overall.
Oh, come off it. All of the Japanese car marques knew in the 2010s that the EV revolution was going to occur for the obvious environmental, running costs and convenience reasons. But, the morons who work in these Japanese car companies chose not to accept reality. They only have themselves to blame.
I had mazda 3 before model 3. Loved that car. Shame they couldn't move with the times.
I agree with your take on the Japanese Auto Manufacturers.
They may indeed be headed for Broke!
I just got a Mazda MX-30 and absolutely love the car. I'm still hoping that they'll come around and bring some interesting EVs, but this news is a bit disconcerting.
I agree, Mazda is a premium brand. Worth paying the exstra.
Do you love your range on your Mazda MZ-30?🤔
@@mikafiltenborg7572 love it? Not particularly, more would be more convenient. But it still is more than I need, even in winter. I know it’s the main reason why it gets it’s teeth kicked in every time someone is doing a review, but for me that’s really a non-issue.
I also have a mx30. Awesome Little car. I use to say it is a very good car But a bad ev and as long as you cover the range meter and charge it every night it is worth every penny. Changed our rx450h for the mx30 and it has been the best decision ever. Even here in Finland where winters are cold😎👍
Didn’t this bailout occur in 2020? Or did it take this long to get the bailout they requested? Sadly I agree that they’re their own worst enemy in terms of preparing for the future, I love my Mazda but wouldn’t feel right supporting or buying from them in the future with their lack of foresight.
The cx60 looks amazing. I'd choose this over a similar priced tesla.
Sales might be down but profability is up? Maybe moving away from small cars with lower margins to bigger cars with higher margins is not the worst idea for a small car maker.
My son and I got new Mazdas this year. Truly fun cars to drive. Mine is the turbo, which is more fun, but MPG should be better. Leased, b/c I believe in a few years comparable EVs will be available, though clearly not Mazda. At one point I’d have assumed Toyota would take them over. But given Toyota’s miserable trek towards EVs, I doubt that will happen. A Chinese brand will likely buy Mazda for their US dealers
While sales of Mazdas may be slumping isn't that also true for other manufacturers outside China? In Canada we are coping with legendary inflation, sky rocketing fuel prices, record breaking taxation, supply chain issues & food shortages. The last thing most of us would consider buying is a new car whether it was fuel or electric. Financially, I could buy a new car but I won't. I won't put myself in that position of financial uncertainty while waiting for the next disastrous move by our Government.
Im shocked nissan wont go bankrupt first?
They're working on it. Didn't Renault dissolve their interest in Nissan recently?
The Nissan GTR is a global halo car and a best in class low volume model. Plus the new 400Z is a sweet little sports car. ALL ICE.
At least they have one good EV on the market and an electric Micra in the pipeline.
@@Shy_Knee_Side_Up I was a z guy at one point I had an '85 and 86 , their 300 ZX twin-turbo, which was in the shop more than out of it, The turbos burned out at 6k miels I think it was supposed to generate 300 hp; the turbo lag was "interesting" and the last one I had was the 1st rev of the 350. They were still working the bugs out with that one The new "Z" look interesting; no one has them in my area.
I think all Japanese automakers will go bankrupt before year 2028..
Sam, if you make it to the Fully Charged show in Vancouver, Canada, I'll take you out mountain biking!
I have no doubt that Japan is in trouble, my question is WHY!?? These people in Japan are very electronic oriented and the culture completely embraces technology. I assume they are heavily propagandized to embrace oil. They have been kicking butt for 70 years of inventive technology. What’s going on??
Thanks Electric Viking ⚡️🍻👍
It ain't the 70s anymore.
@@henrytaverner1803 yes or the 80s, I just naively assumed Japan was going to lead the world into a brave new technology revolution while the rest of us just trailed behind. Instead it seems they are reluctant and will go kicking and screaming. While China is really a force along with many others.
Several years back Japan became aware of large deposits of methyl hydrate (basically frozen methane) offshore. At that point Japan's government started talking about becoming energy self sufficient by extracting and using that methane for transportation and electricity.
That seems to have led them to pursue fuel cell technology and ignore EVs (and climate change). And, due to cultural practices, I suspect once the leaders started down that path no one under them adequately challenged their 'wisdom'.
BTW, Toyota's head engineer told the company that Elon had it right. That batteries were the best solution. In 2017.
Japan faces insufficient electricity after shutting down all its nuclear power plants.
However, failing to block BYD from entering the Japanese car market in 2022 is a mistake.
Toyota has their hybrids and it seems they have been betting everything on hydrogen and solid state batteries, none of which panned out. But they cannot admit that they are wrong, so they are just plodding on. So.. sunk cost bias, I guess.
Looking forward to seeing you.
Guday mate another stoked video of th electric vehicle disruption of the car industry CHECKMATE CHECKMATE
When is it time for th SPARKY show ???
Tesla and China EVs and other EV makers will take up those market shares. I’m genuinely surprised to see Volvo and BMW for moving faster than VW. Perhaps the bigger the legacy company is, the harder it is for them to transition.
Premium brands can ask a higher price, thus have higher margins. Volvo is owned by Geely, which is based in China and produces evs at scale. My information says Bmw is making evs but not at scale. 7% currently at 128000. That's pretty good. Especially if they achieve their aim of 30% at 2025. Around 2025 evs will be at cost parity with ice cars. Chances are that ice car sales will plummet after that.
BMW SEEMS to be moving faster than VW. But total production ...? BMW is taking the GM route, introducing many models and selling almost none. Go Humbug!.
Agree, Mazda’s are rare in Oklahoma, looks like they have no future either.
We have a 2018 CX-5. Mazdas have the reliability and owner satisfaction of Toyota without the higher price. They came up with a compliance EV but couldn't get the rotary range extender done in time. They say it's ready in 2023; that would correct most of the shortcomings of the car and make a nice niche PHEV vehicle: 150 mile range, with a lightweight, efficient constant speed engine. There are lots and lots of people who aren't ready for a pure EV. And I think Mazda could come up with an EV in short order that would sell because of its zoom-zoom looks.
That’s not enough. They will be gone.
Shame 😕 madza went . Some great cars in the past. My sister had madza 121. Back in the 1990s. Thousands of job on the line. I enjoy 😉 your channel. Thank you 😊.. not electric fan. Petrol ⛽ head but love cars.
Mazda will likely be purchased by Toyota since Toyota already ownes part of Mazda right now. The two companies just opened a joint factory in the US. It's already rumored that Mazda will soon get Toyota's hybrid systems. Toyota will keep Mazda as the young and sporty brand.
New MTM Mazda Toyota Manufacturing in Alabama is a Joint owned 50: 50.
That's too bad. I like my Mazda CX5.
Speaking of logical, I always said driverless cars and Robo taxis were still many years away.
That electric Mazda was a compliance car and they weren’t very enthusiastic about it either.
Mazda is one of the best ! They are good 👍 :)
And they’re going bankrupt
And that's why I'll keep buying Mazda. Staying with ICE as long as possible. Not only is current battery technology nowhere close to being ready for mass adoption but neither is the charging infrastructure or electricity generation.
I'm curious what the reason is, in your opinion, for Mazda having that joint factory with Toyota in Alabama?
A Mazda CX-5 owner will pay a staggering *$39,000* with petrol and ICE maintenance costs over its 15 year lifecycle. This astonishing financial outlay costs as much as the vehicle itself.
An EV which is charged with home solar has *zero* energy costs. So, this has the simple practical financial effect that even if an EV costs $5,000, $10,000 or even $20,000 more than a petrol ICE equivalent, the EV owner will still very easily come out ahead compared to a financially intensive ICE car.
If a prospective EV new car owner can find an appropriate EV car for their needs and wants, and, has access to home charging, then it will always make sense to pursue the EV option, as the inherent financial and convenience benefits are irrefutable.
@@user-kc1tf7zm3b wait until electricity costs go up.
@@garbonzobean1 This is exactly the point of home solar: the energy from the sun is free.
With increasing use of renewables, with fossil fuel usage declining as well, this will have the the effect of lower electricity prices for consumers. Fossil fuels and the power plants that they feed into are expensive to purchase and maintain.
@@garbonzobean1 Again, do you really want to contend with the sheer reality of having to pay $39,000 for petrol and maintenance costs for an ICE car over 15 years??
The fact half the people are working from home don't need 2 or 3 cars anymore. Also, covid where more than half the globe was in some sort of curfew ofcourse the sales were going to drop. Plus price hike went across all brands. EV's are not affordable, grids aren't just ready. Plus EV's aren't really green either
A Mazda CX-5 owner will pay a staggering *$39,000* with petrol and ICE maintenance costs over its 15 year lifecycle. This astonishing financial outlay costs as much as the vehicle itself.
An EV which is charged with home solar has *zero* energy costs. So, this has the simple practical financial effect that even if an EV costs $5,000, $10,000 or even $20,000 more than a petrol ICE equivalent, the EV owner will still very easily come out ahead compared to a financially intensive ICE car.
If a prospective EV new car owner can find an appropriate EV car for their needs and wants, and, has access to home charging, then it will always make sense to pursue the EV option, as the inherent financial and convenience benefits are irrefutable.
An EV charged at home with solar is 100% green. This is beyond doubt.
A Tesla Model 3 only needs 4kWh of electricity to cover the 33km of distance driven each day. For this who need to charge with the public power grid, with further investment, the electricity grid can easily accommodate this slight increase in usage.
Moreover, all electricity grids will be converting to renewable energy sources in the 2030s, as fossil fuel electricity plants are way too expensive to operate.
Why would any bank bail out a company with market figures like this? It makes no business sense!
This is a shame. Their first ev mx30 is loved by its owners and is an awesome car. Compared to the competition it has amazing matrix headlights, very quiet interior, high quality interior material and options for 360camera and heads Up display. When you first sit in a kona or e Niro and jump back in the mx30 it is like coming from a Dacia and going into a Mercedes.
I fully agree. If I didn't need to regularly drive longer distances from Sydney, the mx30 would have been high on my shopping list, even if it is a bit pricey.
I agree with the concern for US sales, but there’s no supply. Each lot has 1 to 2 new cars max. Even for those of us who would like to buy, there’s no cars.
The end result may be the same based on poor supply which can’t balance out debt.
To the Viking do u expect manufacturers to be owning there own dealerships because of the electric vehicles being basically parts and service free. As I dont think the private dealership ownership can exist on sales alone. What do u think
I work in a new car dealership in Australia and I suggest u r wrong in your accessment
1. Merge with Subaru and JLR?
2. Mazda 626 is the queen of ICE reliability.
The question is will the other Japanese car makers figure out after Mazda go bankrupt or will they continue with their ICE car and hydrogen is the future crusade.
Electric cars still dont make sense in thailand unless you can afford 2 cars.
Ice cars buyers still make up 99% of new car and truck sales here.
but things are slowly changing , afew chinese
Evs available now but still not cheap and
Charging stations bairly adequate for the small number of ev s here already
A great wall ora good cat that costs over a
Million thai baht 30 k usd hit some debris
On the highway here which puntured its battery Pack , the battery replacement cost was about half the cost of the vehicle around
15k usd.
I wondered about lots of place like India also. Truth is they make up so few cars over all no one discusses them. Not significant. They will need to wait I think for really cheap little EVs and more solar in country.
I live in Poland and It is not a good choice to own an EV as your only car. Some freeways go over 100 miles without a single charger. In my city there is not a single one available for public use. We're still 20 years away from EVs being a good replacement.
Basically Mazda make the best quality ICE cars in their class. Problem is, they can't compete on price, with Chinese & Korean brands.
that guest on Joe organ did mention Mazda developing that super secret next gen tech , maybe its something worth looking out
Ridiculous, Mazda is doing great, selling quality to people that earn their money.
Hi Sam how many companies are going bankrupt you predicted this year?😂 you need to make a year end summary🤣
According to mr Viking
Nio is going out of business
GM sucked
Ford is goner
Nio goner
Honda gone
Toyota ehhhhhb gone
Blah
Blah
Wowzzzy
The car industry is coming to an end…
Well except Tesla!
Hmmmm
Dooms day coming soon!
I, Robot movie will come true...only resla will last
It's a shame. I was waiting for an electric mx-5
I wonder why
The EV revolution will only continue to cut deeper into the bottom line of those legacy auto makers which are not able to transition fast enough, either physically, financially or both. The disruption to the whole auto industry will cause a lot of businesses to go into greater debt, with some makers inevitably merging, being bought out or going bankrupt, leaving only their brand name to remind us they once existed. This is a common feature of Capitalist free enterprise, where understanding the future trends and keeping up with the movers and shakers determines the competitiveness and survivability of any business and even whole industries. You either get with where the future is going, or risk getting buried in the dust of the no longer relevant redundant past.
It is too bad. I drive a Mazda now and like it. Mazda's problem in China is not dissimilar to Jeep's. It is to do with product and pricing. It is simply not competitive in ICE space.
There is two races going on right now; who can sell less ICE and who can sell more EVs, another one hitting the valley of death.
They are going NOKIA and BLACKBERRY way.
Too bad because my last 3 cars have been Mazda 3's - very reliable - they all went 320,000 kms plus. They will be bought by Toyota in the end. The winning formula for electric battery technology is yet to be determined. Perhaps they are waiting for this to develop.
The numbers in the China sales hart are wrong. 189k to 169k is like a 10.5% drop, not 20+%.
With market leading cars like the MX30, how can Mazda possibly go bankrupt...
Toyota makes tons of EVs, but most of them are industrial vehicles like forklifts. I am not sure Toyota will save Mazda, but they will be one of the companies trying to pick up their ICE technology. A lot of countries especially developing countries will continue to depend on ICE vehicles for decades more to come. I am now in the Philippines. Latest figure I could find is that it has 13k registered EVs.
Kodak made good cameras. Nokia made good phones. But others innovated and they got left behind.
I feel bad for Mazda. They are dooming themselves to obscurity. They do make good cars. I've driven Mazdas exclusively for the past 20 years and currently own two but I'm done. They may as well be making horse drawn carriages.
Everything changes. Even as early as 2008, who really wanted Nokia phones anymore? As the channel host repeatedly states.
And now they’re trying to be upscale. A desperate attempt to stay alive. I don’t see them around much longer.
Mazda is a car company that seems to be on a different planet.. Just when the time where the other car companies are going into smaller engines and electrification, they just developed bigger V6 engines petrol and diesel...I find it weird when they hybridized these engines.. Now I love Mazdas, their cars look beautiful and amazing and are the more reliable ones too..What I heard about their declining sales is caused by the chip shortages.. Reports said that they are even struggling to cope up with the demands of their CX 50s in the US.. However if they are really to go bankrupt, I hope Geely buys them, that would be an amazing combination..
V6?
No, inline 6.
@@richardmichael59 oh yeah its inline 6..my mistake
I would rather see a buyer from a democratic society rather than one that follows communism.
I love Mazda for their affordability and reliability. However unless they develop a car getting 50+ mpg I just don’t see any potential with ICE vehicles. EV’s are the future. Even though most Americans aren’t mentally there yet it is happening.
My 2015 Mazda 3 gets over 60 MPG on the highway on a hot day. ICE aren't done yet.
Tesla and the Chinese EV market is disrupting and maybe destabilizing car manufacturing in the world . New vehicles are now unaffordable for maybe half or more than half the population . I bought my son a brand new kia Rio in 2004 for $6000 . Those days seem to be over unless Tesla or more than likely the Chinese will put out an EV for the masses
I have been wtching a number of your videos. And hoping for EV future. Today I looked up the most selling cars in Australia then US. August come up in google, guess the latest month.
I am surprised there is not even an EV in top Ten in Australia. Mostly 'utes' crossovers- including a Mazda-CX5!. In US too, not in top ten , only at 13 and 16 spot are Teslas.
So what is going on, as I understand EVs , Teslas already available in Australia, why arent people buying them?
More interestingly why do people buy ICE cars so much still. You say their values will fall a cliff-why dont they just run their old vehicles, or just lease go car -free?
Or ICE cars with their price or utility-utes- seen better choice by the majority of buyers? I also came across gas/electric fuel comparisons- it seems in UK , US , Germany fast charging already more expensive than expensive gas-without having taxes like on fossil fuels in UK and EU. What do you think about that?
It would be really interesting if you discuss these questions critically.
The whole convo revolves around demand. Tesla sells every single car it produces. It’s growing at a pace that no large scale manufacturer has ever grown. As Tesla continues its growth it will produce enough volume to be topping the sales charts. Tesla increased its model Y sales in Europe 227% from September 2021-September 2022. That’s insane when you factor that their Berlin factory hasn’t even ramped up production yet.
Now in regards to charging.. most people charge at home overnight. It’s much cheaper than going to a fast charger or super charger and paying for speed. You only really need to do that on a long trip or if you are an Uber/lift driver or something along those lines. Something that is very clear in studies is that energy prices will continue to come down in the future. We haven’t quite arrived there yet, but a major disruption is happening in the power generation, storage, and grid. For example, Solar prices have continued to decrease and become widely adopted. I live in Hawaii and our electricity is the most expensive in the US. I just did the calculations and if I would pay off my entire solar setup in only 3 years if I paid monthly what I’m paying now for electricity. Then I would have essentially free electricity for the remaining 25 years of the life of the panels themselves. This is at current prices and the prices just keep coming down. That’s just one example of the disruption that’s happening in the power generation and storage sector. Hope this helps a bit.
Hey Sam at 8:28 of the video it shows Mazdas sales falling and giving a percentage ,2021 is not a 21.85% drop it is more like a 10.6% drop from the previous year
@@adventuresinparadise1522 A guy on RUclips is an uber driver. He bought a short range model 3, new in march 2020. He charged it up 3 times a every day on super chargers. The car is two & a half years old & he is replacing the battery. Because he's done 140,000 miles, the battery in not covered by warranty, due to distance. Many Toyota Hiace vans, used by courier drivers, last 550,000 miles. Still there is a problem with super charging on a regular basis. My ICE car in Australia, has a 1,000 klm range. I fill it up in 5 minutes & it lasts me 4 weeks. I do a road trip, get to my destination & come back home again on less than a tank of fuel. I hope battery cars improve, however, this point in time, I still have issues, with charge times, battery degradation & range on trips
I wonder if there’s any connection with Tesla Model 3 ramping up in 2018 and these sales going down. 🧐
. Governments should bail out workers, not hand the money to ice car CEOs. These CEOs never cared about global warming or their companies. Jeannine
So sad. Mazda of the past was an innovator. Hopefully Tesla will make a Miata competitor.
They have that roadster which is probably coming after ... uh the cybertruck? and the .. uh ... semi?
Sadly, Viking you did an excellent analysis. I have owned Mazda's for 20 years. Thet are in the top 5 in reliability and are fun to drive. However, facts are facts and they will have to build EV's for other brands to survive. They work with Toyota which might help.
Didn't Mazda go upmarket and raised its prices a few years ago. Maybe just maybe people are borking at the price rise and stopped buying them.(this is in the Aus market)
Mazda is *not* an upmarket car marque. Mazda is just not the Mercedes of Japan, no matter which way you cut it. You do not need to be wealthy to buy a Mazda 3.
@@user-kc1tf7zm3b you know that I know that but Mazda in it's wisdom thinks it's a premium car maker and raised prices.just saying maybe one of the reasons why people aren't buying them.
Also you can get cheap entry level Mercedes or BMW.
Baulking...
@@Mixos_place People are not buying Mazdas on a global scale as they do not have any meaningful EVs in their product range at all. ICE car sales peaked long ago in 2018, with the rise of EV popularity and acceptance being the sole reason for this phenomenon.
A Mazda 3 can be had in Aus for $30,000. But, for the equivalent Mercedes A-Class with a decent specification, this will cost at least $50,000, which represents an additional 67% cost increase. Most people cannot afford a new Mercedes, especially when it comes to SUVs and larger sedans like the E-Class. Mercedes is very much a luxury car brand.
@@user-kc1tf7zm3b I don't think Mazda said they are a luxury brand rather a premium brand. I think it has do all with what the Viking said, but I'm sure the Ev revolution will make hard for them to complete.
All these brands the Viking has been going on, they all can't asleep at the wheel?.
Mazda are selling a hybrid Toyota Arus with a 6 year warranty in Ireland for under €30k. EVs are simply far too expensive for most people right now.
In Australia, it costs a massive $35,000 to operate and maintain a traditional ICE car for its 15 year lifecycle. This $35,000 figure comprises of $25,000 for petrol and $10,000 for maintenance. So, even if an EV costs $10,000 more upfront compared to an equivalent ICE car, the driver will still very easily come out ahead financially. Naturally, an EV is free to charge with home solar. Plus, there are no traditional engine and transmission maintenance costs.
@@user-kc1tf7zm3b Where are you getting those figures from? Charging EVs isn't free and on a public charging network the costs can be as high as petrol and diesel. EVs break down too and when their batteries decline in capacity their value is next to nothing. Things are heading in the right direction, but don't kid yourself, the prices aren't on par with ICE just yet.
@@SK-yb7bx Sydney does not agree with Dublin at all! Just like everywhere else in the world, the Australian market cannot receive enough Teslas from the US factories, where orders have to be placed many months in advance of the eventual delivery date.
*$35,000 ICE car running costs*
A car has a typical lifecycle of 15 years. In Australia, the biggest selling car in 2021 was the Toyota RAV4, petrol costs $1.75 per litre, and, 12,100km is driven each year. The RAV4 has an urban fuel economy of 7.8L/100km, and requires servicing every 6 months, which costs at least $320 with each service.
So, over the 15 years, the approximate cost for petrol is $25,000, with maintenance costing $10,000, for a grand total of $35,000.
*Free home charging*
Home solar charging is naturally very much free in Australia. This removes all petrol bills from the outset.
Even if a Tesla Model 3 driver had no solar panels and was compelled to use the electrical grid for charging, the running cost is only a measly 3c per kilometre. The Model 3 has a 60kWh battery, which yields 491km. Aussies pay about 25c per kWh.
The Toyota RAV4 has a combined petrol and maintenance cost of 19c per kilometre, which is a 6 fold increase over the Tesla Model 3. Again, petrol is not cheap, and, neither is scheduled dealer servicing.
This has the result that even if a prospective ICE car is $10,000, $15,000 or even $20,000 more expensive than the retail purchase price of the Tesla Model 3, the Model 3 owner with will _still_ come out ahead compared to the ICE car equivalent, due to all of the savings and efficiencies that EVs can only render.
*EVs are far more reliable compared to ICE cars*
EVs do not have very complicated and finicky petrol engines and transmissions that feature in ICE cars. The motor only has one moving part. There is no transmission. This makes EVs far more reliable compared to ICE cars, which require dramatically less maintenance compared to ICE cars. The battery pack in the EV will very easily last the life of the car.
They have flushed the toilet by being in denial.
All OEMs should completely scrap their ICE operations and begin the transition to EVs if they really want to exist in the future.
ICE is done.
Well done @4:33
EVs are Great when you cant charge them, ask those in Switzerland who have been asked Not to charge their EV because of energy shortage.
Interesting video. I find the idea of Toyota building EVs for them even more laughable given the bZ4X debacle and Toyota themselves having to go cap in hand to BYD for an electric Corolla.
BTW, why did you show the CS60 (a PHEV) when the dud Mazda EV was the MX30?
Yeah but you'll find electric vehicles will be a very competitive market, so I can understand them wanting to carve out a nich in the ICE ,like they did with the rotary, as this may work in there favour providing they get marketing and pricing right, which could be the main issue at the moment especially against the Chinese with similar style vehicles at half the price means they could be in trouble and if government regulations against ICE turn really nasty in some countries, yeah I wouldn't be getting shares unless you we're selling short