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Interesting, thank you. I agree with your observations too. I’m a product development engineer for a global car company, have been for over 3 decades. Society is in a tricky transitional phase I think when it comes to personal transportation….& I think we are on,y at the start of it still. We have a convergence of technology happening. Apps like Uber, that make hailing a cab easy, in vehicle comms for fleet management, EV’s & self driving technology. Those combined have the potential to rewrite the personal transportation landscape. Taking a cab today is relatively expensive per mile, because you are paying the driver’s salary, his insurance, fossil fuel (most of the time) etc. But when you can hail a self driving EV, suddenly, the cost per mile drops drastically. No drivers salary, the EV taxi could be stationed where it charges at a low cost via a battery bank charged by solar &/or low rate over night grid rates. When it’s statistically proven that self driving cars are safer than humans, insurance costs will drop. The fleet management software will be able to route the nearest EV robotaxi to you, know when they have to return to base to recharge, will be able to coordinate switching to another robotaxi mid journey on longer trips when your first robotaxi is running low on charge. This will all make taxis so much cheaper and more convenient, that many may opt not to bother with car ownership at all. It may seem hard to accept where we are now, but in a period of around a decade in the past, a similar transition was made from horses to cars, as mentioned in this video. The desirability of a vehicle is a good point. For many, cars are just a tool to get around. EV’s may be faster than ICE’s, but despite the performance, I’m not sure many find them as desirable as the traditional ICE sports cars….not in the same way at least - more desirable as a tool to get around rather than for the fun of driving. Final comment, I’ve made this point elsewhere, I’m n a pretty good salary but don’t count myself as ‘rich’, according to government stats, I’m in top 6% of earners (something I find hard to believe), we run an 18 year old Transit and a 16 year old diesel Fiesta in our household, I’m always amazed by how many people seem to be able to afford to run £100k+ cars, and lose thousands on them each year. Each to their own though, we all make our own choices where any disposable income goes. I love our Transit, it’s not used for business, only pleasure, and it’s created lots of memories for my family, camping out of it, as well as transporting sports equipment to sporting events, & aiding us endulge in other hobbies involving transporting of equipment and providing a mobile base / shelter.

Awesome video, thanks for your efforts and Ride Safe.

No mention of the spike in rectal, and colon cancers, for sitting on a mega EMF omitting battery, esp amongst vaccinated California leftist, revenge of the pain in the arse

A new Taycan is as zero desirable as a new Rolex ...

Toaster on wheels

I agree this is a very disturbing time, it won’t matter soon about residuals as some tw.t will soon destroy all that goes as humanity 😵‍💫

Thanks for all the great Taycan videos. Did you find the anti-glare version dulls the resolution at all?

The real point is there is no massive used car buyer appetite for EVs'. The battery will be less efficient after 3 years, and who could afford to replace it if it fails? Compare it to a petrol tank, how many people replace those in an ice car's lifetime? Some EV batteries are tens of thousands..It's just a tank right?, not ever lasting fuel, it still needs money to fill it up. Not everyone wants debt, finance, or leasing. Each to their own. I am not sure how cheaper EV Offshore import cars, made using fossil fuels are making the world a cleaner place. The real footprint should include all the energy to make and transport the things. Not very long ago you could buy new a very decent Porsche for 80k, now 180k is a good price? I think not, only if it's not actually yours. I am, believe it or not all for EV's, done honestly, with better battery technology and usability, they will be the future, but at the moment, it all feels like one big con, great only for Finance companies, and tbats why a used GT has such bad depreciation.

The desirability comparison with watches is very valid in my opinion. Much harder to perceive the value in an electric watch or car over the mechanical counterpart.

If the Taycan is all electric where is the “turbo”

Very insightful input on desirability. My view on EVs generally, is that they should be cheaper than their petrol equivalents. Remove the concept of the manufacturers needing to recoup initial development costs. Surely the bare components should be worth less? Surely battery prices should come down as they crank up production? The only way to press EVs home is to have consumers faced with a choice - the EV is *always* cheaper than the ICE equivalent. Make it impossible as an economic concept to decide not to buy the EV over the ICE vehicle. I'm not talking about tax (which would be a very unfortunate way to achieve that). I am talking about retail price. The EV option should always be cheaper. Instead, we have the opposite. We need cheaper cars with cheaper running costs. Only then will EVs bag the net win.

No matter how good the car, larger luxury cars are not suited to the limitations of EV battery power density and weight. The only changes that could save that are better batteries or en-route wireless charging. The latter would transform motorway capacities, level demand on the grid and allow EV’s to have smaller, lighter batteries.

997 or 991 GTS every time

This is insanity

The right context for an EV is a cheap mode of transport for short journeys ONLY for those who have the ability to charge at home . People who buy a car with their heart because they want drama and adrenaline rush and desirability aren’t going to buy electric, they want a petrol v6 v8 or v12. Nobody other than a clueless millionaire would buy a £190k Porsche EV

Taycan over list in 2024? Not a chance.

You would expect EVs with so many fewer parts to be cheaper and more reliable, but it's the opposite. The average consumer can't win.

The Vauxhall Corsa E at £236 for 36 months is looking great value. My wife’s Viva six years old and 8600 miles on the clock valued at £6800 bought for £8450 looks like the deal of the century. My second best buy a Corsa bought new for £8500 sold for £4000 seven years later. My expensive German brands can’t hold a candle to those Vauxhalls! Having been in the motor industry for 30 years I’ve seen it all.

You’re right, you do have a tiny brain if you think spending £200,000 on that turd makes sense

I think, that the big financial burden of a combustion engined car is really known or taken into consideration. The amount of people buying an AMG car while having just the money for the car itself is astonishing. They dont know, that those engines can be babies to take care off and that a new one can set u back 50-60k as well. But on the other side everyone is looking on the batteries and the cost for a new one. I as well currently dont know, if those batteries really just give you 100-200k. Back in the day everyone talked, that battery degradation isnt really a thing and you can run them for 20 years and even then they degraded just like 10%. If that would be true, it is a fair bit of being afraid at the wrong end....and that this also is holding back many people zo buy a used one. I would love to buy a used taycan, BUT I simply dont know, what cost will come with it. Thats my main problem...I can afford 70k, but it is not like I can live with a wrong move that well. So, this would need to be all totally forgettable aspect. You buy it, you put your 10-20k km on it per year and as the car is still Porsche quality, you can use it for the next 10 years and still sell it for 30k at the end. If thats realistic, I would do it...but many people forget in general, what the potential costs for fixing stuff really is. And crazy enough people dont have the same financial eyes on a combustion car...they simply buy and get a huge burden if something happens. Its weird and I honestly dont know, what to do. The crazy thing: If you want a nicer car (middle class) you are now facing 60-80k for a new one....and sorry...I earn a couple percent more than many others, but I am still middle class...and buying a thing that is a third of my house? Sorry....in our economy, we need to go back in pricing...not up. Nobody can afford buying a car for 50k onwards. We are in a time, where this will divide people...because middle class will need to go back to superfragile loser cars, because anything remotely cool will be out of touch.

It's not a GT car!

I will stick with my used diesel, 65 mpg and service it myself.

9.9% holy fck! why would you pay that much!

If it wasn't for tax breaks EVs would be dead

I could have had an EV on a work scheme that would have been cheaper than an ICE car. Free charging at work, all servicing and running costs covered as part of the lease. However, it wouldn’t have made me smile every time I got into it in the way that the 3 litre 6 cylinder bmw Z4 I bought instead. Cars are seldom bought entirely logically….

Good luck to all those champagne socialists who bought heavily subsidised EVs (particularly early Teslas) , thinking they were virtue signalling, saving the world, and showing how much smarter they are than everyone. This has been a total scam and a financial disaster for everyone involved. And curiously, even if ALL motor vehicles in the world were converted to EVs, it still wouldn’t make a big enough dint in the world’s carbon emissions. Oops. Once the government subsidies are removed this EV industry is bankrupt. Hang on to your good old reliable ICE car for a while yet.

EV are Quartz watch equivalent .... dirt cheap residuals

What absolute rubbish, 2nd hand values of EVs are falling through the floor for a reason.

ICE cars are greener

Ev holding its value ???

I bought a 2020 taycan performance plus 35k miles for 39.5k and i’m so happy with it

You only need to look at the USA where folk paid stupid amounts for cars to see what will happen over here....the saying used to be 'more money than sense' now its 'more credit than income'

This is a nightmare that has come true. For YEARS all we've heard is EVs are the future. We were all told that. Every major company pivoted in the direction of an electrified fleet, but almost OVERNIGHT it all changes and now NO ONE wants them. These cars are like phones, they have NO LONG term value. This kills the secondary market because they are too expensive to fix, insurance premiums are high, dealers won't even let you trade them (some) so why would ANYONE buy one? So many companies are screwed.

We are going to see a lot of consolidation on the market for the next 4 years! Especially the Japanese OEMs are in trouble because they still try to hold on H2 cars and look on EVs only as a short period of time.... They are going to lose big points on the market! EVs are set as the next mobility for individual transport! So every OEM has to make the transition in the next five years or they are determined. Same stands for all "sport brands", because every "normal" EV is fast as the old supersport cars! So where is the benefit of buying a supersport EV?? Only in the combination of driving experience and direct horse power and exclusivity of the brand! ICE manufacturers will not survive in this disruption because in this exponentially transition the disruption makes no prisoners!! And no! No one has to wait on H2 cars or E Fuels! They are no future ideas for individual transportation. Just look at physics and thermodynamics and you will see there is no cheaper way to drive as in an EV!

Financing your premium car means you shouldn’t buy it because you can’t actually afford it 😂

I don’t blame Porsche…I blame the brainless buyer !! 😂

what's your opinion on a 570GT with sub 10k miles? (8k miles) i've been told they are reliable but buying at that mileage range there can be plentiful issues for it to be sold so low its a 2018 model not 2017 that others have said to stay away from too

Wow, the calculated residual value quoted by Porsche Finance is ridiculous. It is two problems at the same time; new Taycan list prices are too high and the residual value quoted by Porsche Finance is below market value. The burned their fingers once and overreacted.

Another great video! Common sense and a balanced view. I’ve driven both ICE and EV and I think in 10 years plus there should be more affordable and exciting EVs. Possibly we might miss those screaming V8s/V10s/V12s. Like all new things it takes time for a proper consensus to evolve over desirability and hence values to be established.

Glad i found this channel mate, great content, i also have a Taycan & 570s!

The real problem is all EV’s are massively over priced.

wow that’s just millionaire territory. i can’t afford to throwaway that amount of money

People simply look at EV's as throwaway cars, just like they do with all battery operated tech. I'm not saying it's right, but this will take some time to get over. The numbers don't lie, even here in the states , Taycan residuals and money factors (lease interest rates) are terrible leading to a crappy monthly payment. As you say best to buy one that's already taken the depreciation hit. The GT car won't be looked at as special even if it's in limited numbers.

Taycan GT is really just a GT in name only. A Taycan in a frock with a slap of lipstick.

Thats gt3 992 money Its ridic

Great video

Agree with you on the gt silver color. Also hate alcantara. Bought a 2023 992.1 c2s in gt silver with black/mojove interior. Just beautiful in and out with the right amount of power and torque. Prefer it over all other variants and not because of price.

Need to sort my SL55 and SL600 out soon. Nice vid. 👍🏼👌

I drive a Citroen C4 diesel and looked at a C4 EV my insurance would go by over £600

I just sold my ev because its value is dropping off a cliff. I was offered 50% of the new value on a 2 year old car with low mileage. Don't buy an ev or you will regret it. VW have said they will NOT fit 2024 battery technology to older cars such as the ID3 so I think the ev is a throw away item like your mobile phone. A Taycan battery is £45,000 to replace when batteries should cost £110 per kwh so £10,230. Electric car drivers are being ripped off and over charged for insurance. Many garages didn't want my ev on trade in or offered 50% of the purchase price in 2022 so be warned. A local dealership is offering £6000 to £8000 off list price for my car so like when Tesla reduced list prices my car value is devalued.