We are seeing it in every industry sadly and the education system is now a toxic brainwashing system with the Small hat Cult Funded NGO'S the route cause.
Same as a heat pump....buy one and tell people your bills are less but then forget the bit that you had paid 10,000 for it and so its years before you can say its cheaper.....probably about the time it needs replacing with a 15,000 one 🤣
They used to sell life insurance, interest only mortgages, amway products, double glazing, solar panels and now EVs. They are still wide boy chancers telling lies for a living
@@BarrieCrampton I hate that too Barrie, but I politely suggest you are doing them an injustice in saying they didn't see it coming. They know EV technology is moving fast and that is guaranteed to generate higher depreciation. EVs are nothing to do with benefiting the motor trade. They are being mandated because of scientific and political consensus. In other words some things are more important (unless you are a climate change denier of course). On the grand scale EV residual value is not relevant. Btw have you seen Goldman Sachs predictions on battery prices for 2026? If it turns out to be true, EVs might cost less than their ICE counterparts. It will be interesting to see the effect on depreciation.
You can't spend 50 years in the motor trade without gaining at least some knowledge of how it all works! Here's Barry freely sharing his vast wealth of knowledge with the YT public and still they refuse to accept the truth.
The problem is that Barrie is just reporting the symptoms of the EV problem rather than the cause. He has a deep understanding of the market and its trends, from the new car supply side right down to the trading of part-ex cars. The issue with EVs is that their introduction has been poorly handled by politicians with no understanding of how humans react to being manipulated. When coupled with some clickbait RUclips FUD merchants making a good living by feeding disinformation to their fawning flock that will add to the buying resistance. Then, the Governments sledgehammer policy to punish OEMs who fail to sell sufficient EVs to an ever increasingly resistant public creates a perfect storm of heavy discounts rather than fines and, as Barrie predicts, will create bankruptcies and job losses at unacceptable scales. And all of this is the result of the ill-conceived net zero nonsense and an illogical 'King Canute' drive to cause the planet to change its habit of billions of years to change its climate. This will end in tears unless some politician with real gonads fires Millibellend and removes the 2030 mandate over EVs. Trust me, I have had an EV for 8 years now and they would stand on their own feet if left to be marketed purely on their merits. All of the nonsense FUD has been overcome in modern EVs and the public charging is way better today than people think. Rapid chargers doubled last year and its planned to double them again this year. Car range is now 250 miles up to 450 miles. And prices almost on parity with petrol cars when compared size for size. Just leave them alone and people will begin to test them and find the advantages.
@markbray2988 There are plenty of truths about the world that Barrie refuses to accept, or at least acknowledge. Let see if anyone can work out what they are.
You need to understand why the depreciation is high. It's certainly not because the cars are worth less as machinery. The loss in value is because people are resisting buying them. And they are resisting buying because of the wall to wall youtube nonsense being pushed out daily. All based on old myths and legends about 8 years old EVs when the tech and infrastructure was indeed poor. Not these days. But the clickbait regular YT merchants have discovered that they can make £shedloads by regurgitating the old info and hiding the way that modern EVs are actually excellent cars. Your comment shows that you have been so influenced. The reason for the high depreciation is because people are illogically resisting buying otherwise demand would stabilise those figures.
Its worked brilliantly for me. I normally swap vehicles at 3 years. My daily driver is now 6 years old. Drives like new. All in all it is THE most reliable vehicle I have owned (and I have had a lot). I love it. The dealers and garages hate it as needs nothing spent on it. Its pennies to run vs my diesel vehicles. In the end every vehicle is worth scrap value. Why worry. Get over it.. EVs are coming like it or not. Why winge on about leasing companies. IF garages gave a better deal to customers there would be no market for leasing companies!
They should be careful about calling upon the Government to 'equalise VAT' beteen home charging (5%) and public charging (20%). With this governement, they are more likely to 'equalise' the VAT at 20% rather than 5% or maybe charge both at 15% while spinning it as they have done this to 'save us money'.
Barrie, the situation with the dealer and BVRLA reminds me of when I was with a Ford main dealer in a large city. We had a number of very wealthy suburbs, dormitory towns, in our area who were blessed with retail dealers. All who bought from the retail dealers thought them wonderful, good, old fashioned service locally. Soon as a fault appears the retail dealer points them straight to us, because they weren't prepared to pay for all the cost of skilled techs and tooling. We would often get the retailer phoning us to hurry us up to get the job done!
Range problem? Most EVs being sold today have a minimum range of 250 miles and some up to 450 miles. How far do you normally drive before a toilet and coffee break? And when you do stop the car can load another 200 miles as you are having that break. Range these days is not an issue. What is an issue is that EVs need a bit more planning when on a road trip because the charge stations are not yet on every street corner like petrol pumps. But they doubled last year and are planned to double again this year so that will soon not be a problem either.
@Hitstirrer, where do you live? Obviously not the US. There's times I've driven 800 miles in one day. One 5 minute fill up and go. How long does it take to take a leak? It doesn't take me an hour. In the US we also have states bigger than your country and spans of roads that doesn't have fuel stations for 100- 150 miles, even more for a charging point. Stop the smugness
If you need to lease the car. You cannot afford it. Lease companies also charge up to £600 to valet a car, if it's returned dirty. I'm a mobile valeter. I see a lot of lease cars that have been abused for 3 years then they suddenly the owner realises This has to be returned in a respectable condition.
I always thought Sir Clive Sinclair got it half right with the C5. I love my electric bicycle it is very practical. Electric cars are a different ball game altogether. Just bought a used volvo s90 petrol, great car could never justify buying an EV.
Manufacturers all went premium for EVs, despite good acceptance for the smaller cars (most striking example was the e-UP) and then found the private buyers didn't want to commit money into a perceived risky vehicle. And it's not just the BEV that's keeping private buyers hold onto cars longer; how many want all the new driving assist features on all cars that seem to do nothing but irritate (even the hardened new car reviewers who'd normally gloss over a dodgy cockpit).
@adventtrooperthe Dacia Spring EV can be bought for £15k brand new... The average driver covers 28 miles a day so it will help a lot of people get into an EV👍
30 Dec 2024 - 2024 Motability Operations made a pre-tax loss of £564.6m. Has over 800,000 costomers. 70,000 EV's 'on the road'. They still are pushing EVs to all customers.
Take a drive out to Whitam Airfield in Huntingdon, Loughborough Airfield, and Colchester Airfield. All the off-lease EVs are being sent there to be stored after they fail to sell at auction. There's bloody 'millions' of them.
@@johnwilliamson8110 You're welcome John. Don't let the security people catch you. They're trying to stop anyone from filming there. Can't imagine why!
@@johnwilliamson8110 I don't have a drone unfortunately, but the footage would be spectacular. The numbers are staggering. Also take a look at Portbury Dock in Bristol. There's massive numbers of new unsold EVs being stored there. You can see them from the Flyover. That would be a good place to film from.
@johnthemagnificent7022 Barrie's take on the facts is very different than a lot of people's. Scientific and Political consensus dictates decarbonisation of industry and transport are major priorities. The heath of the motor trade is secondary to the health of the planet and those who live on it.
@@seannewman5391does that include the health of those in the countries that are being ecologically destroyed by diesel engined diggers digging 50 tons of rock to extract enough material for one battery…nah thought not. NIMBY..
@MARTINA-gc3tq Do you have any figures to back this up. The vast majority of EVs charge off peak at night. This is not when the event you refer to occurred.
Are there any leasing companies that deal in just EV leasing? If so, with no ICE vehicles to offset their EV losses these companies are not long for this world.
There are and they’re still in business by also leasing ex lease vehicles for a reasonable price, until the vehicle is in need of a new or refurbished battery (which is becoming more common) they continue to lease them.
@davidwatkin2993 Hertz still have thousands of EVs. More than they got rid of. They say they have the right amount at the moment at about 16% of their cars. But they plan to increase this gradually.
Until someone comes up with a different system of charging the battery’s when a petrol or diesel vehicle only takes minutes to get refilled when I fill my diesel car up I have 700 miles of range why would I take a step backwards in travel maybe the answer is for every to go really backwards a 100 years and get an Horse and cart a horses emissions are very heavy
Thing is - you don't need 700 miles in a tank even in a diesel car. A diesel car on a long road trip will be stopping every few hours anyway. Possibly every 200 miles. So that range is all that's really needed at any one time. And both can re-fill then. An EV actually wins if that is done because it re-fills itself while you run for a coffee and loo break. The big win for an EV is if they can charge at home because that costs 1/10 the price of diesel per mile and they fill overnight so you always have 250 miles every morning without having to schedule a filling station visit.
@@Hitstirrerit’s very rare that you pull upto a petrol pump and have to wait 50 minutes before you can fill up…so yeah, if you can get straight upto a charger that’s working and you’ve got a drive at home so you can home charge as well, you’re quids in matey..
People are becoming jaded about “climate change” because while the global mean temperature supposedly has risen 2º C, none of their 50 years of alarmism have come true. In fact, all the empirical data have pointed to better metrics in almost every category. Polar bears thriving. Coral reefs thriving. No significant change in ocean rise. Better crop yields. People are just seeing less and less reason to personally suffer for things that they don’t see the value of.
Great video. EV are going to be like mobile phones - with every new model/iteation, the older one depreciates more. Once range reaches 350ish mile in real world and infrastructure is well developed, it could be good buy for people who are not early adopters and EVs suit their needs. Regardless, buying new EVs won't be a great decision for retail buyers.
If your EV costs a lot more you are not saving anything. Add that extra cost onto your running costs and its several years before it coukd be said to cheaper. But then it tanks on second hand value too....the loss hets bigger. Electric is not coming down in price ever it will only grow. As for the enviroment even Volvo admitted a car is only classed CO2 free after about 80,000 miles minimum....because it takes more Co2 to build one than ice cars....then you may also need a new bat and so the cycle starts again. Grear idea but in practicevthey are not good. The first electric car was over 100 years ago and it never went anywhere.
And that's without acknowledging that the vast proportion of our electricity that they put in their willy-waving milk floats comes by burning gas anyway.
The way I see it is that we are a retired couple who have had solar panels installed for 4 years now and it has reduced our bills by a reasonable amount. The ICE cars we have had over the past 9 years have lost at least £1500 p.a. we only do around 3,000 miles p.a. which has been a problem with our ICE cars, short runs isn’t good for them. I can buy a decent EV around 4 years old with as little as 15,000 miles on it for not much more than the trade in value of our current vehicle. I can charge it using a combination of my Solar panels and an EV tariff for 8.5p / Kwh. I can get around 4 miles / Kwh with the car I am considering. This means that my fuel cost is
The difference is private buyers pay taxes while the leasing companies effectively collect tax payer subsidies. So all the leasing companies want is to cut the tax collector out and get their subsidy direct from the consumer as opposed to running their business in an efficient manner. There is also the thought that an ice only leasing company will be doing very nicely at the moment.
Once grants and well paying jobs are envolved truth goes out of the window. When this is over these people will just move on to something else and you won't find them accountable.
'salary sacrifice' = lost tax and NI contributions , we are all paying for this but only available to EV owners. Oct Pus are advertising a Rolls Royce EV with £4K lost tax per month due to 'salary sacrifice'- so this is not just 'for the lower paid' it can be used on any value EV .
It will be interesting to see what happens to ICE residuals once the new VED rates kick in this spring? It may also encourage a few expensive EV sales/registrations before April to avoid the additional luxury supplement burden..
@JohnMackenzieInverness Simples and completely wrong. The second hand EV market is very lively. The reason residual values are on the low side is because of the fast moving technology. The improvement between two EVs just 3 three years apart is quite marked. The improvement between two ICE cars 3 years apart is almost nil, hence their higher residuals.
Now come on Barrie tell the truth.....back it up with evidence...🤣 I love your content, so funny when the numbers come out. Thanks for doing us all a service and exposing this madness (using your dinosaur knowledge and experience) for what it is......🤣Ps sticking with my Disco and Sport (V8....straight hell for me🤣)
I wish more EVs were Leaf like but with more robust battery / charging. I am not an SUV EV fan. There again we got a CX5 mainly because SUVs seems to be all that's made nowadays
Do you think jet power would be an option for vehicles to turn a small turbine? They use small jet engines in radio controller aircraft. Use high-quality fuel that would expel water vapour. You will own nothing and be happy they want everything on lease.
Back in the 90's I said I would never have a mobile phone, they were too expensive, too heavy, the batteries didn't last long and the range meant that they were only really any good in cities. Now I wouldn't give up my mobile phone if you gave me a free land line. Why did I change my mind? It wasn't because land lines got worse (although phone boxes have disappeared), it was because mobile phones gradually got better with steady improvements year after year. Barrie reminds me of how certain I was that mobile phones would never replace land lines. I was wrong because I was predicting the future based on the short comings of what I could see and experience at the time not on the direction of travel of the technology, something others like Barrie might like to think about.
@@OpticalMan yep well I had one of the very first ones because it was far better than finding a phone box and great for business, but at the moment an EV isn’t
Not enough people will buy to give the opportunity to develop to the point they make sense. 99% of the population can own a phone, has to be less than 10% of the population who can either afford an EV or accommodate one if they could.
All these car manufacturers have extremely overpriced ev’s. Batteries are much cheaper to produce than 3 years ago. It’s their greed that’s killing them off
Is the reason that the Leasing Companies appear to only be making a small loss per Vehicle, due to them having a fall back of a guaranteed buy back from the Manufacturers/Dealers? might that then explain why so many EV's on Auto Trader have been sitting for years, and therefore depreciating so much?
Maybe the leasing companies will try and make up the losses on the actual car finance by bumping up what they charge for the service contract. On the company cars we were forced to lease on a PCP, we were also forced to take the service option which I always thought was extortionate. The business market is easier to electrify because employers can dictate to their employees that an EV is the only choice, thereby winning eco-brownie points with customers.
So that’s how leasing companies are surviving. I guess they are backing both horses and put all prices up. And why the renewal on a 5 year old diesel van has gone up
My EV is 6 years old. It is THE cheapest most reliable vehicle. We used to swap every 3 years... But we are double that now... Its the hidden bit that non-EV drivers dont see. Its SO cheap to run an EV (where you can home charge and dont do big miles every day). I also have Diesel and Petrol vehicles. I care about the ££ in my pocket and not onr jot about how its powered. There is a place for both. I guess a LOT if the problem of being told what you HAVE to buy! I also know lots of people that 'Need and Want' a new car every 3 years! Why?
Petrol and diesel didn't save EV Barry, their values saved the lease companies you don't like. Manufacturer profits have held up their EV arms, but if the traditional manufacturers had better they'd be making more EV anyway, and more profit on each one. The traditional manufacturers have been losing money for years, look at their overall debt mountains. I suspect it won't be long before the first big name goes bust, and the only sad thing I can see about that is the people who lose their jobs.
I’m ever so pleased I’ve avoided the seduction into buying a more modern vehicle and especially an EV, by sticking with what is now my 15 years old SAAB 9-5 1.9 diesel estate. It was bought as a 6 months old ex-demonstrator in 2010 and me now being a relatively low annual mileage user, it will last me for many years. It’s serviced properly by a SAAB apprenticed motor engineer, so no crazy main dealer hourly charges. Yes, VED is high, but so what? What would the annual depreciation be on any newer car to replace it? It has more than enough bells and whistles, is comfortable and spacious. OK, I can’t refill its ‘tank’ at 1p/mile overnight, but neither do I need have. £1000 box of tricks attached to my house, nor search my sat-nav for a ‘refill’, nor download a half dozen apps to refill it, or queue and hang around for an hour or more when a refill is needed. As for performance, I’ve never found it to be inadequate, nor do I need to accelerate at F1 rate of knots to join on the end of the next stationary traffic queue. The bullshit surrounding cars is knee deep, but like so many, it took me most of my lifetime to learn I was being manipulated by the ‘Hidden Persuaders’. Thank goodness that I no longer care what Mr & Mrs Jones down the road may think. Spot the suckers. Ironically of course, for those car owners who only feel contented when they have a car that they perceive as being special, my old SAAB is now just that. I see people looking at it because they don’t know what it is. It’s not exactly unique but it is now quite a rarity and I feel quite proud to be displaying a 59 plate because that is a clear demonstration that my carbon footprint is now as near to Zero as it ever can be. No, literally no EV user can genuinely make that claim and never will be able to do so. All those ‘Joneses’ with your shiny new piles of garbage on your drives, eat your hearts out!
What are your thoughts on the ‘Government’ moving the goal posts on the EV mandate making hybrids (diesel and petrol) sales count as meeting the 20 odd percent of sales…? Strikes me this just makes the situation even worse for EVs. Know of a number of people who have switched from EV to Hybrid with the inconvenience of charging topping the Reasons chart.
Give this EV nonsense more time, we will have fields full of them over 8-10 years old, purely due to their leased days are over and battery warranties are spent. Who will buy a 10 year old EV?? ICE vehicles can carry on running far beyond all the brand new EVs being sold now. And for me, it says it all, manufacturers/leasing companies need to make whatever they can in such a short time span.
What do Motability give dealers for new cars? Around 60%! Then expect dealers to pay over book at the end of the lease! Wonder why dealers don't buy them back!
The true cost only comes to light when the vehicle is sold and price per mile can be calculated. If it meets your needs, good for you. But freedom of choice shouldn't be taken away.
Surely just what we need for EVs to take off in popularity is a mass glut of EVs with low residuals. Id buy a couple of low mileage 3yr old Porsche EVs for ~£2k (each), and most of my mates would as well. So its not demand that is the issue, its the intersection of supply and demand curves. Basic economics that is understood by the leasing banks.
The reason for 5% VAT on home electricity is the same as the lack of duty on red diesel... Using 5% VAT rated electricity for your roadgoing EV is like using red diesel in you car.... illegal.
So much to unpack. A lot of your anger seems to be pointed at the BVRLA. When times were good dealers were perfectly happy to cut margins to sell as much as possible (to people who now can't afford the cars probably) so am I right in thinking that you've created this monster? I notice BVRLA aren't trying to slow the EV adoption, they just want dependable resale values back. People will continue to need finance partners but dealers, less so.
barrie it never ceases to amaze me that blokes like yourself are ignored and basically made to feel like a nuisance when in reality you should be listened to by the govt. but we know it will never happen as they wont listen as they have a sinister agenda to complete and nothing seems to be stopping them! at least not yet?
Motability Pushing EVs because they are Gov influenced What's not being discussed is the return rate People returning vehicles before the lease ends because there just not suitable
Hi Barry, Did you know when the average human runs a mile they produce 228g of Co2 which is more than most ICE cars. It's all smoke and mirrors mate. Keep up the crusade.
The leasing companies are being burnt by getting involved with the first generations of EVs which were very expensive and early technology. Newer, longer range, more advanced and above all much cheaper models built in China are going to be flooding the market in 2025. Everyone knows this, and that includes the public, dealers and leasing companies, so they want to shift older models off their books urgently and not get stuck with them and make a bigger loss down the line. Thats why prices of EVs in auctions are lower than equivalent ff depreciation. There's no big conspiracy. It's just capitalism and majority of consumers being savvy and patient 🤷♂️
These evangelists know what's happening so there sticking there fingers in there ears and screaming,I'm not wrong but the evidence suggests they're very wrong, about everything
I don't understand your comments, why would the resale value of a product plummet if it has a relatively short (8 to 12 years ish) life span compared to an equivalent product that can relatively cheaply be coaxed to last for 20+ years, and is cheaper to buy in the first place! You are an obvious dinosaur and just plain wrong, fancy using facts and reality as your argument. 🤣
10 years from now the car industry will be totally different, companies like Tesla operate online, the traditional tyre kicking dealer is going away, when your washing machine breaks you throw it away and get a new one, EVs will be the new washing machine with a bit of scrap value, disruption and evolution come to every industry, I'm old enough to remember people saying music streaming would kill the music industry, the music industry thrived but the hmv stores and retail music stores died out. Evolution is cruel but it is inevitable. Make money or die but you don't get to rest on your laurels. China is the biggest EV producer and market not Germany that is in recession for a second year of a tanking economy.
But a decent ICE motor is half the price and well looked after will go on for ever with decent used value............the EV is twice the price half as useful and a bit more expensive than a washing machine.. its going to end in tears.
You are right, all retailers are parasites, fancy them needing to make a profit so they can pay themselves and their staff. Obviously they should buy at top price and sell at a low price so they can act like a charity and their staff should voluntarily come into work every day for no wages. That would be a much better system, wouldn't it?
I heard they are so cheap now people are not even charging them back up, they wait until the battery goes flat and just throw the whole car in the bin. Cheaper and quicker to buy a new one than it is to charge it back up.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
Brilliant video
These people are the latest generation straight out of Uni, think they know it all, but have zero real-world experience!
@@ghunt9146 yep, sadly true
Go woke, go broke 😂😂😂😂😂
We are seeing it in every industry sadly and the education system is now a toxic brainwashing system with the Small hat Cult Funded NGO'S the route cause.
Spot on they have a degree in zero common sense
Remember, a recent report said that the latest generation don't know how to change a lightbulb !!
my favourite hobby is commenting on facebook and seeing the immediate EV nonsense erupting. It like medieval bear baiting.
There are some horrible people out there
Loads of Government bots too. Just like during convid. Mossad bots, 77th (UK Army) and the like.
@@BarrieCrampton think its just AI answering us now. To try to make it look as though "we the people" love EV cars 😞
@mikythesaint6507 the people that answer me are horrible, surely they couldn’t make AI that nasty
@@BarrieCrampton well it already lies . so maybe 🤣🤣 its bias positive to EVs
Electric cars are a solution to a problem that never existed 😂
Spot on with more truth.
Same as a heat pump....buy one and tell people your bills are less but then forget the bit that you had paid 10,000 for it and so its years before you can say its cheaper.....probably about the time it needs replacing with a 15,000 one 🤣
A heat pump that does not work
@@peterrolt6403and the house is full of holes and hideous giant radiators that only work at mild temperatures
I built a new house and the council compelled me to have an ASHP, or I didn’t get the permissions.
Don't forget service and repair costs, which it will need without doubt!
Pointy shoes, white socks - no socks, shiney suits 😂💀😂
I hate that 😂
@BarrieCrampton 🦆🦆🦆🦆sake you killed me
They used to sell life insurance, interest only mortgages, amway products, double glazing, solar panels and now EVs. They are still wide boy chancers telling lies for a living
@@BarrieCrampton I hate that too Barrie, but I politely suggest you are doing them an injustice in saying they didn't see it coming. They know EV technology is moving fast and that is guaranteed to generate higher depreciation. EVs are nothing to do with benefiting the motor trade. They are being mandated because of scientific and political consensus. In other words some things are more important (unless you are a climate change denier of course). On the grand scale EV residual value is not relevant.
Btw have you seen Goldman Sachs predictions on battery prices for 2026? If it turns out to be true, EVs might cost less than their ICE counterparts. It will be interesting to see the effect on depreciation.
You can't spend 50 years in the motor trade without gaining at least some knowledge of how it all works!
Here's Barry freely sharing his vast wealth of knowledge with the YT public and still they refuse to accept the truth.
I think the YT public agree with Barrie but he's up against the Government and all these Green Lobbyists
The problem is that Barrie is just reporting the symptoms of the EV problem rather than the cause. He has a deep understanding of the market and its trends, from the new car supply side right down to the trading of part-ex cars. The issue with EVs is that their introduction has been poorly handled by politicians with no understanding of how humans react to being manipulated. When coupled with some clickbait RUclips FUD merchants making a good living by feeding disinformation to their fawning flock that will add to the buying resistance. Then, the Governments sledgehammer policy to punish OEMs who fail to sell sufficient EVs to an ever increasingly resistant public creates a perfect storm of heavy discounts rather than fines and, as Barrie predicts, will create bankruptcies and job losses at unacceptable scales. And all of this is the result of the ill-conceived net zero nonsense and an illogical 'King Canute' drive to cause the planet to change its habit of billions of years to change its climate. This will end in tears unless some politician with real gonads fires Millibellend and removes the 2030 mandate over EVs. Trust me, I have had an EV for 8 years now and they would stand on their own feet if left to be marketed purely on their merits. All of the nonsense FUD has been overcome in modern EVs and the public charging is way better today than people think. Rapid chargers doubled last year and its planned to double them again this year. Car range is now 250 miles up to 450 miles. And prices almost on parity with petrol cars when compared size for size. Just leave them alone and people will begin to test them and find the advantages.
@markbray2988 There are plenty of truths about the world that Barrie refuses to accept, or at least acknowledge. Let see if anyone can work out what they are.
Simple fact EVs do not make financial sense compared to ICE cars when you look at the massive depreciation cost.
You need to understand why the depreciation is high. It's certainly not because the cars are worth less as machinery. The loss in value is because people are resisting buying them. And they are resisting buying because of the wall to wall youtube nonsense being pushed out daily. All based on old myths and legends about 8 years old EVs when the tech and infrastructure was indeed poor. Not these days. But the clickbait regular YT merchants have discovered that they can make £shedloads by regurgitating the old info and hiding the way that modern EVs are actually excellent cars. Your comment shows that you have been so influenced. The reason for the high depreciation is because people are illogically resisting buying otherwise demand would stabilise those figures.
It's worked out well for me with home charging and trying to keep my leaf to a very high mileage.
Its worked brilliantly for me. I normally swap vehicles at 3 years. My daily driver is now 6 years old. Drives like new.
All in all it is THE most reliable vehicle I have owned (and I have had a lot).
I love it. The dealers and garages hate it as needs nothing spent on it.
Its pennies to run vs my diesel vehicles.
In the end every vehicle is worth scrap value. Why worry.
Get over it.. EVs are coming like it or not.
Why winge on about leasing companies. IF garages gave a better deal to customers there would be no market for leasing companies!
@@G-Cam1Oh here is the evangelist spouting the usual nonsense. Grow up and buy a proper car.
@@Andy-e8n7gMust be worth about 50p now
They should be careful about calling upon the Government to 'equalise VAT' beteen home charging (5%) and public charging (20%). With this governement, they are more likely to 'equalise' the VAT at 20% rather than 5% or maybe charge both at 15% while spinning it as they have done this to 'save us money'.
If they do that I'll fill every square inch with solar and make my own fuel.
Barrie, the situation with the dealer and BVRLA reminds me of when I was with a Ford main dealer in a large city. We had a number of very wealthy suburbs, dormitory towns, in our area who were blessed with retail dealers. All who bought from the retail dealers thought them wonderful, good, old fashioned service locally. Soon as a fault appears the retail dealer points them straight to us, because they weren't prepared to pay for all the cost of skilled techs and tooling. We would often get the retailer phoning us to hurry us up to get the job done!
Yep, always the case
EV's are shit.
Worked out well for me.. no brainer with the savings I've made.
EV's are brilliant vehicles until you need to go somewhere.
Agreed, EVs are shit.
@@Andy-e8n7ghow much did you pay for it and do you have a back up ICE car🤔
@@trevordodd2019 I know, then just plug in if you need to and get on with what you were going to do. No problem.
So people dont want EV's unless the taxpayer forks out to get them a discount.
That is the majority of BEV buyers.
Ev’s should be sold as city cars only due to their range. I still don’t want one though.
Range problem? Most EVs being sold today have a minimum range of 250 miles and some up to 450 miles. How far do you normally drive before a toilet and coffee break? And when you do stop the car can load another 200 miles as you are having that break. Range these days is not an issue. What is an issue is that EVs need a bit more planning when on a road trip because the charge stations are not yet on every street corner like petrol pumps. But they doubled last year and are planned to double again this year so that will soon not be a problem either.
@Hitstirrer, where do you live? Obviously not the US. There's times I've driven 800 miles in one day. One 5 minute fill up and go. How long does it take to take a leak? It doesn't take me an hour. In the US we also have states bigger than your country and spans of roads that doesn't have fuel stations for 100- 150 miles, even more for a charging point. Stop the smugness
If you need to lease the car.
You cannot afford it.
Lease companies also charge up to £600 to valet a car, if it's returned dirty.
I'm a mobile valeter.
I see a lot of lease cars that have been abused for 3 years then they suddenly the owner realises
This has to be returned in a respectable condition.
I always thought Sir Clive Sinclair got it half right with the C5. I love my electric bicycle it is very practical. Electric cars are a different ball game altogether. Just bought a used volvo s90 petrol, great car could never justify buying an EV.
Manufacturers all went premium for EVs, despite good acceptance for the smaller cars (most striking example was the e-UP) and then found the private buyers didn't want to commit money into a perceived risky vehicle.
And it's not just the BEV that's keeping private buyers hold onto cars longer; how many want all the new driving assist features on all cars that seem to do nothing but irritate (even the hardened new car reviewers who'd normally gloss over a dodgy cockpit).
@adventtrooperthe Dacia Spring EV can be bought for £15k brand new...
The average driver covers 28 miles a day so it will help a lot of people get into an EV👍
30 Dec 2024 - 2024 Motability Operations made a pre-tax loss of £564.6m. Has over 800,000 costomers. 70,000 EV's 'on the road'. They still are pushing EVs to all customers.
Experts. Ex as in has been. Spurt, a leak under pressure.🙂
Drip under pressure
(according to Blaster Bates)
That's a Welsh expert :-)
Take a drive out to Whitam Airfield in Huntingdon, Loughborough Airfield, and Colchester Airfield. All the off-lease EVs are being sent there to be stored after they fail to sell at auction. There's bloody 'millions' of them.
Thanks for info
@@johnwilliamson8110 You're welcome John. Don't let the security people catch you. They're trying to stop anyone from filming there. Can't imagine why!
@@matthewgodwin3050 very interesting to see a drone view .
@@johnwilliamson8110 I don't have a drone unfortunately, but the footage would be spectacular. The numbers are staggering.
Also take a look at Portbury Dock in Bristol. There's massive numbers of new unsold EVs being stored there. You can see them from the Flyover. That would be a good place to film from.
Just looked on Google maps, don’t know how old the photos are but there’s literally thousands of cars on the airfield..
Thanks again Barrie for the truth it's obviously getting worse.... how can anyone disagree with facts?
@johnthemagnificent7022 Barrie's take on the facts is very different than a lot of people's. Scientific and Political consensus dictates decarbonisation of industry and transport are major priorities. The heath of the motor trade is secondary to the health of the planet and those who live on it.
@@seannewman5391does that include the health of those in the countries that are being ecologically destroyed by diesel engined diggers digging 50 tons of rock to extract enough material for one battery…nah thought not. NIMBY..
On Wednesday 8th January, the UK was very close to a black out. Sell more EVs and it will happen.
Correct
@MARTINA-gc3tq Do you have any figures to back this up. The vast majority of EVs charge off peak at night. This is not when the event you refer to occurred.
Are there any leasing companies that deal in just EV leasing? If so, with no ICE vehicles to offset their EV losses these companies are not long for this world.
There are and they’re still in business by also leasing ex lease vehicles for a reasonable price, until the vehicle is in need of a new or refurbished battery (which is becoming more common) they continue to lease them.
This was on the horizon for ever. Hertz and others foresaw this a year ago.
Surely this was the same reason Kahoot went to the wall with ICE pricing.
@davidwatkin2993 Hertz still have thousands of EVs. More than they got rid of. They say they have the right amount at the moment at about 16% of their cars. But they plan to increase this gradually.
Keep up the good work Barry, the truth always comes out in the end 👍
Until someone comes up with a different system of charging the battery’s when a petrol or diesel vehicle only takes minutes to get refilled when I fill my diesel car up I have 700 miles of range why would I take a step backwards in travel maybe the answer is for every to go really backwards a 100 years and get an Horse and cart a horses emissions are very heavy
The Agenda is about control not the environment you need to do your own research and see what's really going on.
You can always sit back and relax and realise you don't need to travel 700 miles in every journey..
Thing is - you don't need 700 miles in a tank even in a diesel car. A diesel car on a long road trip will be stopping every few hours anyway. Possibly every 200 miles. So that range is all that's really needed at any one time. And both can re-fill then. An EV actually wins if that is done because it re-fills itself while you run for a coffee and loo break. The big win for an EV is if they can charge at home because that costs 1/10 the price of diesel per mile and they fill overnight so you always have 250 miles every morning without having to schedule a filling station visit.
@@HitstirrerAssuming you can charge at home. It still takes hours compared to 5 minutes at the pumps. ICE cars are superior.
@@Hitstirrerit’s very rare that you pull upto a petrol pump and have to wait 50 minutes before you can fill up…so yeah, if you can get straight upto a charger that’s working and you’ve got a drive at home so you can home charge as well, you’re quids in matey..
People are becoming jaded about “climate change” because while the global mean temperature supposedly has risen 2º C, none of their 50 years of alarmism have come true. In fact, all the empirical data have pointed to better metrics in almost every category. Polar bears thriving. Coral reefs thriving. No significant change in ocean rise. Better crop yields. People are just seeing less and less reason to personally suffer for things that they don’t see the value of.
Great video. EV are going to be like mobile phones - with every new model/iteation, the older one depreciates more. Once range reaches 350ish mile in real world and infrastructure is well developed, it could be good buy for people who are not early adopters and EVs suit their needs. Regardless, buying new EVs won't be a great decision for retail buyers.
Hertz and Sixt found out the hard way about 'very low residual values' on EV... Cost Hertz alone US$2 billion
That Doctor Andy etc don't offer any response to your facts, and merely call you a liar, says all we need the know about the reality of the EV problem
They want subsidies on new EV sales, and now they want subsidies on used EV sales. Lol.
Absolutely spot on.
If your EV costs a lot more you are not saving anything. Add that extra cost onto your running costs and its several years before it coukd be said to cheaper. But then it tanks on second hand value too....the loss hets bigger. Electric is not coming down in price ever it will only grow.
As for the enviroment even Volvo admitted a car is only classed CO2 free after about 80,000 miles minimum....because it takes more Co2 to build one than ice cars....then you may also need a new bat and so the cycle starts again.
Grear idea but in practicevthey are not good. The first electric car was over 100 years ago and it never went anywhere.
And that's without acknowledging that the vast proportion of our electricity that they put in their willy-waving milk floats comes by burning gas anyway.
The way I see it is that we are a retired couple who have had solar panels installed for 4 years now and it has reduced our bills by a reasonable amount. The ICE cars we have had over the past 9 years have lost at least £1500 p.a. we only do around 3,000 miles p.a. which has been a problem with our ICE cars, short runs isn’t good for them. I can buy a decent EV around 4 years old with as little as 15,000 miles on it for not much more than the trade in value of our current vehicle. I can charge it using a combination of my Solar panels and an EV tariff for 8.5p / Kwh. I can get around 4 miles / Kwh with the car I am considering. This means that my fuel cost is
Absolutely
Madness
The difference is private buyers pay taxes while the leasing companies effectively collect tax payer subsidies. So all the leasing companies want is to cut the tax collector out and get their subsidy direct from the consumer as opposed to running their business in an efficient manner.
There is also the thought that an ice only leasing company will be doing very nicely at the moment.
Yep
Once grants and well paying jobs are envolved truth goes out of the window. When this is over these people will just move on to something else and you won't find them accountable.
@marc9089 EVs will be cheaper to buy than ICE sooner than you think. Battery prices look likely to fall by 50% by the end of 2026.
'salary sacrifice' = lost tax and NI contributions , we are all paying for this but only available to EV owners. Oct Pus are advertising a Rolls Royce EV with £4K lost tax per month due to 'salary sacrifice'- so this is not just 'for the lower paid' it can be used on any value EV .
Government should have pushed for self-charging hybrids and they would have carried the people with them.
It will be interesting to see what happens to ICE residuals once the new VED rates kick in this spring? It may also encourage a few expensive EV sales/registrations before April to avoid the additional luxury supplement burden..
ICE values have been going up for a while.
How much are EV drivers going to pay for tax🤔
@leecromer3289 new cars over 40k list, hundreds of pounds after the first year.
Price has always been driven by Supply and Demand there is very little demand for second hand EV's so the price drops Simples
@JohnMackenzieInverness Simples and completely wrong. The second hand EV market is very lively. The reason residual values are on the low side is because of the fast moving technology.
The improvement between two EVs just 3 three years apart is quite marked. The improvement between two ICE cars 3 years apart is almost nil, hence their higher residuals.
Trump is going to kick the ev crap in the bin . Meanwhile in the uk we blindly follow the government. Great video Barrie
Thanks for watching
Now come on Barrie tell the truth.....back it up with evidence...🤣 I love your content, so funny when the numbers come out. Thanks for doing us all a service and exposing this madness (using your dinosaur knowledge and experience) for what it is......🤣Ps sticking with my Disco and Sport (V8....straight hell for me🤣)
I'm not working so I'll stick with my efficient first gen leaf.
I wish more EVs were Leaf like but with more robust battery / charging. I am not an SUV EV fan. There again we got a CX5 mainly because SUVs seems to be all that's made nowadays
Do you think jet power would be an option for vehicles to turn a small turbine? They use small jet engines in radio controller aircraft. Use high-quality fuel that would expel water vapour. You will own nothing and be happy they want everything on lease.
the funny thing is it hasn't even started properly yet - hahahaaa wait til next year
That other tuber Nigel is saying the goal posts have moved and they are going to be able to count PHEVs in the figures this year. (Petrol and diesel)
@AndyK.1 yup, disgusting so it fits the agenda
The crash of eV value won't stop though, phev being counted will only speed it up
Blimey shocking as a electric device tangled in water
😂
Keep up the good work. Us with a brain cell are listening
Back in the 90's I said I would never have a mobile phone, they were too expensive, too heavy, the batteries didn't last long and the range meant that they were only really any good in cities. Now I wouldn't give up my mobile phone if you gave me a free land line. Why did I change my mind? It wasn't because land lines got worse (although phone boxes have disappeared), it was because mobile phones gradually got better with steady improvements year after year. Barrie reminds me of how certain I was that mobile phones would never replace land lines. I was wrong because I was predicting the future based on the short comings of what I could see and experience at the time not on the direction of travel of the technology, something others like Barrie might like to think about.
@@OpticalMan yep well I had one of the very first ones because it was far better than finding a phone box and great for business, but at the moment an EV isn’t
@@BarrieCrampton it depends on your situation, in my case it’s a good option - I have posted a comment why.
@ thanks 👍
Not enough people will buy to give the opportunity to develop to the point they make sense. 99% of the population can own a phone, has to be less than 10% of the population who can either afford an EV or accommodate one if they could.
one ton of rare earth materials go into one big windmill
How many private car mechanic shops can service/repair an ev?
Buy a second hand ev and spin a roulette wheel on its residual value when you want rid.
All these car manufacturers have extremely overpriced ev’s. Batteries are much cheaper to produce than 3 years ago. It’s their greed that’s killing them off
The batteries are cheaper but they’ve got bigger so I imagine they are more expensive
we told them, over and over.....
Is the reason that the Leasing Companies appear to only be making a small loss per Vehicle, due to them having a fall back of a guaranteed buy back from the Manufacturers/Dealers? might that then explain why so many EV's on Auto Trader have been sitting for years, and therefore depreciating so much?
Maybe the leasing companies will try and make up the losses on the actual car finance by bumping up what they charge for the service contract. On the company cars we were forced to lease on a PCP, we were also forced to take the service option which I always thought was extortionate. The business market is easier to electrify because employers can dictate to their employees that an EV is the only choice, thereby winning eco-brownie points with customers.
So that’s how leasing companies are surviving. I guess they are backing both horses and put all prices up. And why the renewal on a 5 year old diesel van has gone up
You are dealing with climate zealots in the car industry....... but the reality of selling product is/will bite them on the arse
My EV is 6 years old. It is THE cheapest most reliable vehicle. We used to swap every 3 years... But we are double that now...
Its the hidden bit that non-EV drivers dont see. Its SO cheap to run an EV (where you can home charge and dont do big miles every day).
I also have Diesel and Petrol vehicles. I care about the ££ in my pocket and not onr jot about how its powered. There is a place for both.
I guess a LOT if the problem of being told what you HAVE to buy!
I also know lots of people that 'Need and Want' a new car every 3 years! Why?
You don’t change every three years now because you know you’d get next to nowt for your milk float 😂😂😂
Petrol and diesel didn't save EV Barry, their values saved the lease companies you don't like. Manufacturer profits have held up their EV arms, but if the traditional manufacturers had better they'd be making more EV anyway, and more profit on each one. The traditional manufacturers have been losing money for years, look at their overall debt mountains. I suspect it won't be long before the first big name goes bust, and the only sad thing I can see about that is the people who lose their jobs.
Barry Crumpets the V8 Man.
The secret of the Budha is in knowing that _everything_ is rage-bait.
Pointy shoes... :)
Too many bond villains in the motor trade..
Karma Baby Karma.
strange when its 3% its nothing, but when its 1% its great news
How can you save £2400 a year when it depreciated £25k in two years?
That’s what I’d like to know
I’m ever so pleased I’ve avoided the seduction into buying a more modern vehicle and especially an EV, by sticking with what is now my 15 years old SAAB 9-5 1.9 diesel estate.
It was bought as a 6 months old ex-demonstrator in 2010 and me now being a relatively low annual mileage user, it will last me for many years. It’s serviced properly by a SAAB apprenticed motor engineer, so no crazy main dealer hourly charges. Yes, VED is high, but so what? What would the annual depreciation be on any newer car to replace it? It has more than enough bells and whistles, is comfortable and spacious. OK, I can’t refill its ‘tank’ at 1p/mile overnight, but neither do I need have. £1000 box of tricks attached to my house, nor search my sat-nav for a ‘refill’, nor download a half dozen apps to refill it, or queue and hang around for an hour or more when a refill is needed.
As for performance, I’ve never found it to be inadequate, nor do I need to accelerate at F1 rate of knots to join on the end of the next stationary traffic queue.
The bullshit surrounding cars is knee deep, but like so many, it took me most of my lifetime to learn I was being manipulated by the ‘Hidden Persuaders’. Thank goodness that I no longer care what Mr & Mrs Jones down the road may think. Spot the suckers.
Ironically of course, for those car owners who only feel contented when they have a car that they perceive as being special, my old SAAB is now just that. I see people looking at it because they don’t know what it is. It’s not exactly unique but it is now quite a rarity and I feel quite proud to be displaying a 59 plate because that is a clear demonstration that my carbon footprint is now as near to Zero as it ever can be. No, literally no EV user can genuinely make that claim and never will be able to do so. All those ‘Joneses’ with your shiny new piles of garbage on your drives, eat your hearts out!
What are your thoughts on the ‘Government’ moving the goal posts on the EV mandate making hybrids (diesel and petrol) sales count as meeting the 20 odd percent of sales…? Strikes me this just makes the situation even worse for EVs. Know of a number of people who have switched from EV to Hybrid with the inconvenience of charging topping the Reasons chart.
Well that's 'Hard Cheese' for the leasing companies
Give this EV nonsense more time, we will have fields full of them over 8-10 years old, purely due to their leased days are over and battery warranties are spent. Who will buy a 10 year old EV?? ICE vehicles can carry on running far beyond all the brand new EVs being sold now. And for me, it says it all, manufacturers/leasing companies need to make whatever they can in such a short time span.
Oh come on Barry it's not as bad as you say. My scalextric are cheap to run and service🤣
What do Motability give dealers for new cars? Around 60%! Then expect dealers to pay over book at the end of the lease! Wonder why dealers don't buy them back!
Did I see a video where you were going to and from work in a little ev which you had fitted a heater plus extras.
Bodie and Doyle wouldn't entertain that nonsense! Jump in the escort or Capri and wheel spin into the distance
My EV is saving me 350 a month 😂 on fuel.
That’s great do long as you haven’t got a highly depreciating one
The true cost only comes to light when the vehicle is sold and price per mile can be calculated. If it meets your needs, good for you. But freedom of choice shouldn't be taken away.
Just ignore all common sense and logic! Just get an EV! While you are at it, get the jab too!
LC 53 COST US £600 CASH Cityone Zara Picasso 2003 Diesel.
A DAY IN LONDON £12.50
FREE IN AN E TRON???
WOW WE SAVED £38,000 David and Lily. Bargen
Surely just what we need for EVs to take off in popularity is a mass glut of EVs with low residuals. Id buy a couple of low mileage 3yr old Porsche EVs for ~£2k (each), and most of my mates would as well. So its not demand that is the issue, its the intersection of supply and demand curves. Basic economics that is understood by the leasing banks.
I'm right behind you..
Barrie hates leasing companies.
EV misspriceing is screwing the lease companies.
Why is Barrie unhappy
The reason for 5% VAT on home electricity is the same as the lack of duty on red diesel... Using 5% VAT rated electricity for your roadgoing EV is like using red diesel in you car.... illegal.
The government will no doubt be charging 20% VAT on your electricity soon enough. That will then be fair and even come 2030👍
So much to unpack. A lot of your anger seems to be pointed at the BVRLA. When times were good dealers were perfectly happy to cut margins to sell as much as possible (to people who now can't afford the cars probably) so am I right in thinking that you've created this monster? I notice BVRLA aren't trying to slow the EV adoption, they just want dependable resale values back. People will continue to need finance partners but dealers, less so.
The Bvrla want government subsidies, seemingly because the only way they can put EVs out on lease and make them attractive is by losing money
barrie it never ceases to amaze me that blokes like yourself are ignored and basically made to feel like a nuisance when in reality you should be listened to by the govt. but we know it will never happen as they wont listen as they have a sinister agenda to complete and nothing seems to be stopping them! at least not yet?
Motability
Pushing EVs because they are Gov influenced
What's not being discussed is the return rate
People returning vehicles before the lease ends because there just not suitable
Glad I never bought a betamax😅😅
Hi Barry, Did you know when the average human runs a mile they produce 228g of Co2 which is more than most ICE cars. It's all smoke and mirrors mate. Keep up the crusade.
EV'S Worthless
The leasing companies are being burnt by getting involved with the first generations of EVs which were very expensive and early technology. Newer, longer range, more advanced and above all much cheaper models built in China are going to be flooding the market in 2025. Everyone knows this, and that includes the public, dealers and leasing companies, so they want to shift older models off their books urgently and not get stuck with them and make a bigger loss down the line. Thats why prices of EVs in auctions are lower than equivalent ff depreciation. There's no big conspiracy. It's just capitalism and majority of consumers being savvy and patient 🤷♂️
These evangelists know what's happening so there sticking there fingers in there ears and screaming,I'm not wrong but the evidence suggests they're very wrong, about everything
I don't understand your comments, why would the resale value of a product plummet if it has a relatively short (8 to 12 years ish) life span compared to an equivalent product that can relatively cheaply be coaxed to last for 20+ years, and is cheaper to buy in the first place!
You are an obvious dinosaur and just plain wrong, fancy using facts and reality as your argument.
🤣
You got me 😂
10 years from now the car industry will be totally different, companies like Tesla operate online, the traditional tyre kicking dealer is going away, when your washing machine breaks you throw it away and get a new one, EVs will be the new washing machine with a bit of scrap value, disruption and evolution come to every industry, I'm old enough to remember people saying music streaming would kill the music industry, the music industry thrived but the hmv stores and retail music stores died out. Evolution is cruel but it is inevitable. Make money or die but you don't get to rest on your laurels. China is the biggest EV producer and market not Germany that is in recession for a second year of a tanking economy.
Their batteries will still remain valuable.
But a decent ICE motor is half the price and well looked after will go on for ever with decent used value............the EV is twice the price half as useful and a bit more expensive than a washing machine.. its going to end in tears.
@@beachcaster56 maintenance is more expensive, refueling expensive, VED increasing and polluting the air wherever you drive.
if leasing companies are parasites so are used car dealers, they pay the seller less than the car s worth add a markup and resell it,
Shops buy at cost and sell at retail, no difference.
You’ve slightly missed the point, leading companies are new car dealers with no stock or equipment
You are right, all retailers are parasites, fancy them needing to make a profit so they can pay themselves and their staff. Obviously they should buy at top price and sell at a low price so they can act like a charity and their staff should voluntarily come into work every day for no wages.
That would be a much better system, wouldn't it?
And do all the little niggles and mechanical repairs that you couldn't do yourself before adding their markup
I heard they are so cheap now people are not even charging them back up, they wait until the battery goes flat and just throw the whole car in the bin.
Cheaper and quicker to buy a new one than it is to charge it back up.
😂