The EV Bubble Popped - What Now?
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- เผยแพร่เมื่อ 3 พ.ค. 2024
- The EV market hasn’t been doing so well. In fact, Tesla deliveries actually declined year over year. This is especially concerning given that Elon has long projected a 50% annual growth rate for Tesla in terms of deliveries. At this point though, Tesla is not only failing to meet their annual growth rate targets but they’re even experiencing negative growth. It’s not just Tesla who’s suffering either. Rivian and Lucid are on track to go bankrupt and are desperately pivoting to cheaper vehicles to save their business. Even legacy automakers like Ford are starting to pull back on EVs, but what happened? Weren’t EVs supposed to be the future? Well, EVs are still definitely the future but the transition is not turning out to be nearly as fast as many EV enthusiasts expected. The reality is that a lot of people still prefer gas cars. Even people who own EVs like keeping around a gas vehicle as well. This video explains the various challenges EV makers are facing and the future of the EV market.
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Timestamps:
0:00 - The State Of EVs
3:16 - Interest Rates
6:45 - Waning Interest
10:02 - The Race Heats Up
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Give me $50 billion and 51% of the company and I'll totally do something with AI or something. I'm a genius so you can trust me.
Hahaha
Self driving cars in 2 years !!!!! xD xD (Yes that is actually something Musk said.... 10 years ago)
@@thomascuvillier7250
-why?
" Because i know more about car manufacturing than anyone on earth"
-Source?
" Trust me bro "
AI? .... Take my money!!!
Hubris is the downfall of all
were not interested in EV's when our milk and eggs cost 75$ a pop.
How ‘ bout when your thermometer pops at 120 !
"I did that!" - Brandon
I had a new loathing for fossil fuel when Saudi and all opec and all of them cut production to jack prices up during a cost of living crisis. Screw them I live in warm country switching to renewables.
@@Takudza EVs aren't the answer you're looking for bud. I live in Canada out in the country and I prefer my ICE vehicle over any EV ever made. A hybrid might be what you're looking for instead of an EV. Oh and here's a dose of reality about the EV battery industry: the mining operations for nickel, cobalt, and especially lithium (key components in the construction of standard Li-ion batteries) do more longer lasting harm to the environment than O&G operations. EVs aren't as "green" as you think.
@@user-rq1mk9hi4x EVs use A LOT of electricity, and creating electricity creates polution, if polution and global warming are your concern, you should be focused on hydrogen cars. But gov forces ev on us because they can restrict our mobility by just click of a button on their computer if we're using electric cars and do something that doesn't want us to do, ev are pushed by gov to have more control over people. There is nothing else to it.
Shit's too expensive, I'm going to be driving my current car until it's dead with how much everything costs these days.
So much this. Dude's talking about ENTRY LEVEL pricing. People dropping $50K on a car want the top trim with every bell and whistle. Compare THAT price, otherwise you're just being disingenuous.
I'm excited for Aptera to start production. Their price for a 400mi range vehicle with 700W of solar to get 20-40 miles of range per day is projected to start at 33k. It helps they're so efficient that they'll be able to get away with a smaller battery and get a similar range.
I have my old banger Nissan Leaf ( electric).
I didn't spend a penny on mechanics in last 7 years almost 70k on clock battery will outlive the car .
Loads of mechanics will lose their jobs
And thank you for doing that. You are being a lot more eco-friendly than those people who change their electric cars like their phones to replace their perfectly functioning gas car. The manufacturing carbon emissions overhead of electric cars Plus how most of us are still reliant on fossil fuel to generate its electricity means that the electric car only creates an image of eco-friendliness. There is a reason that Singapore slapped an essentially gas guzzler tax on the Tesla model S. That is because the rest of the country is generating their electricity on coal, the emissions for a model S added up to be similar, or even more to other traditional cars. All electric cars do if the power infrastructure stays the same as moving where the pollution happens, not removing it.
Edit: for more detail on the Singapore gas guzzler tax on the model S, Singapore government found out that the model S uses 444 WH/km of energy, way more than the advertised 180, which equates to 220g of CO2/km. That figure is even higher than a gas Mercedes-Benz s-class which Elon musk stated was 200 g/km
Which is perfectly fine. I got an EV 2 years ago, because the previous car was starting to cost more to operate than a new car. I hope to keep this car on the road for over a decade. While I agree with the science about climate change, environmental reasons wasn't part of my decision to switch to an EV. Lower operation cost, charge from home, quite driving and the high acceleration rate was the big features for me.
When Tesla was at its peak, it had a higher market cap than the entire rest of the automotive industry of the world combined. I made comments online, that that was not sustainable. The market cap did not match the real value of the company.
Everyone jumped on me and said ,"neh neh neh neh neh."
I have zero surprise the price has crashed.
I don't know what Tesla's market value should be, but I know that it shouldn't be over 50x earnings when most car companies trade at around 10-20x earnings.
Didn't Elon himself say that tesla was way over valued.
For me personally its not EV is the problem but how they use it as a excuse go completely nuts with all "subscription" nonsense, spying telemetry, locking everything down and such.
Eh, BMW tried putting the seat warmer in a subscription in their ice cars. And all modern cars have telemetry and smart features etc. EVs are nothing special there.
Exactly! I would love to buy an EV, but just want a simple, nice looking, reliable car that will go about 300 miles on a charge. It doesn't need to drive itself or have a ton of high tech garbage, that frankly I don't need or want to pay for. Make the cars work and be economically accessible to normal people and they'll sell like crazy.
@@matthiashejlskov5008Tesla is the industry leader in this regard, and seemingly are immune to backlash.
BMW was forced to revert their decision because the consumers got angry. The same simply doesn't happen to tesla, because they have a brand similar to Apple in cultishness.
Not to mention ownership... People start to realize that if you don't own it, it doesn't have value on the used market either.
I am from a small european country. The food prices in the last year and a half climbed 50 or more percent, real estate is out of reach for 90% of young people, rent is sky high, and job security doesnt exist. And then we have commercials asking us to buy EVs for 30 000, 40 000 and more thousand euros. No one except the 1% of rich can afford that. Simple, EVs are too expensive and not affordable for the majority...
Sounds like you’re describing USA lol
During the covid19 era all the push was to EV, seems like alongside with the curfew which have cut the carbon emissions the push to EV. But as this period finished people realized the impracticality of this so they are returning back to the normal market/advantage/disadvantage factors.
In short during covid19 people were pushed towards something which was unsuccessful unpractical and failed
Tesla shouldn’t havee been valued that high in the first place!
thank you. no way tesla was worth than all car companies combined. I know they pretended for years to be a tech company but they are not.
all of that stimmy money rolled up to7 top stocks...
@@the0ne809electric vehicles and the OS it runs on is infact tech, boomer.
@@daMillenialTrucker Listen up labeller: (for twas you who slapped @theOne809 with a label [presumably intended to be derogotary, but in fact complimentary] How does Tesla make money? Selling cars (and so-called 'carbon credits' as a side hustle) is the answer. Do you think Ford is in the law enforcement business? Once you've decided what gender you are today, start paying attention, reality is a thing. Have a nice day.
i agree with you, people got fooled by overprimising, we were supposed to have "full self driving" years ago, this single thing can make a car company a tech one, it would revolutionize car culture, jobs etc
Teslas fundamentals - they're an automotive company with a market price correction towards being priced as one.
FSD is pretty good though
Crazy they are still valued at $500 bn when the other automakers around around $50 bn
@@LogicallyAnsweredkey question for FSD, when there is an accident who is responsible the driver or the manufacturer? None of the manufacturers want to take that liability so it'll always be awesome in testing environments and never functional in the real world. When they allow people to remove their hands from the wheel the liability shifts
@@LogicallyAnswered What FSD? Tesla is currently at level 2. Mercedes for example is at level 3.
@@chiquita683 Correct me if im wrong, but i heard Mercedes takes responsibility for their 'fsd'. Its just that tesla doesnt.
EV's main adoption bottleneck is infra, because you may genuinely struggle to charge at home or at work. Second bottleneck is charge speed.
Right, I’d wager EVs wouldn’t be so discouraged if chargers were more widespread. Battery safety concerns definitely aren’t scaring off customers who are literally adding gasoline to it with their purchases of hybrids.
@@doujinflip EV's only make sense in the USA, and some parts of Europe and even smaller parts of East Asia. For an EV to be a meaningful investment, compared to an ICE, you need at a minimum:
- A lot of money to buy a new vehicle (even the Model 3 is a relatively expensive vehicle in the EU, for example)
- A Garage (and most probably a house) to charge it, or a workplace (in which you feel comfortable staying) that has chargers
If you have these two things, you are most likely >10% of people on Earth in terms of wealth. EV really only make sense as rentals in a city, luxury vehicles, or as a small city car, if the infrastructure is good enough. There is an EV startup that lets you rent cars for short trips in my city (Sofia, Bulgaria) I use it, it's really nice and it solidified my opinion that the EV is the perfect city car, most cities around the world do not have this service.
For some reason mid-size sedans/SUV as EV's just suck. On the one hand, if you live in a dense city, you want a small car to park it (if you don't have a garage) and need a lot of chargers, you also don't want it to be too expensive. On the other hand, if you have your own garage (most likely pretty well-off) you will buy an EV as a luxury car (it is silent, extremely fast etc...). If you live in an apartment complex, you just can't buy an EV and it being worthwhile.
@@doujinflip i feel safer carrying two jerrycans of gasoline than i do with a lithium powerbank in my pocket
Battery swapping is much more practical for e-bikes and Niu-style scooters and is faster than fueling up with gas.
@@niamhleeson3522 and tesla could do them with their cybertruck in 2019. Live on a stage... Yeah... Tesla in particular is in for a hard fall still
The moment I realized that EVs could cost just as much for minor repairs, I sensed impending doom on the horizon. I drove right back to gas-powered vehicles.
That’s more of an issue of availibility in parts and mechanic experience. In the two-wheel world, electric motorbikes are much easier to repair.
Try getting an electric cargo bike. You'd be surprised at what you can do with one
@@niamhleeson3522you can definitely get laid out across the highway by a Karen in her SUV.
@@niamhleeson3522 I remember seeing a 3-wheeler bike with a tray on it in Tokyo back in 2008, instantly wanted one. Great for local deliveries and sub 50kg loads.
When I was living in China I used to see a lot of electric bikes with canopies on them, that could work as a way to make it usable across more of the weather spectrum.
@@markm0000 you're riding a bike on the highway?
Was forced to rent an EV on a work trip to the Houston, TX area last year. The charging situation is TERRIBLE. The inconvenience alone was enough for me to never consider them again. The charging stations were few & far between and when you got to one 25% of the stations worked. If they did work they were super slow unless it were a Tesla charging station & even then you’d be waiting for folks to finish their charge before you could use the station.
Not to mention, the charging wasn’t necessarily “fast”. I mean, something as important as having enough fuel to get around shouldn’t be a concern. The whole experience was just way too inconvenient for me.
maybe hybrids.. battery swapping stations...hydrogen engines ??
@@user-tp1zq6ey9jbattery swapping.
They can't keep up with the current battery supply needs. How are they going to over supply to allow battery swapping?
Then who owns the battery?
You buy a brand new EV and 2 days later you get your brand new battery swapped for something 5 years old with 20% less range.
As someone who predominantly buys low milage second hand vehicles I don't see myself ever picking up an EV when at 5 - 10 years you are getting something that could require a new battery which could be as much as double the value of the vehicle.
New batteries are going 200K miles with 10% percent battery degradation. It is just a matter of time frugal people figure out they can have a second hand EV for 200K miles of use.
@@samuelwilliams7331 Actually failing at or below 50k miles if you use it for Uber, something an ordinary Camry off the lot can do. You can't use BEV to replace the things a car can do.
This is knowable information, you simply test the battery.
Yeap just like buying a 4 years old phone with depleted battery and old operating system. Bo one wants them
@@RedpillPortugal Clearly aren't tracking the advancements in batteries. CATL just released storage battery guaranteeing no losses for 5 years. Batteries will only get better like every other technology man has ever made.
I'm in my 50s and I've seen so many bubbles come and go. And still I always wonder how they manage to last as long as they do.
we're in the everything bubble... literally everything is over inflated, cars, stocks, houses, everything.
The weak currency policy pushed by literally all major central banks has a lot to do with this. Bubbles get bigger and lasted longer
A classic mixture of stupidity and irrational optimism. Reasonable mild optimism is supplanted by ridiculous faith.
New generations with no real life experience, propaganda that never had more outlets.. Also, critical thinking isn't thought in school..
Most of the bubbles today are created and inflated by government and central banking. The amount of fraud in Tesla trading is monumental. Government passing all of these "climate change" laws serve the only purpose to allow them to insider trade their EV options and pump their private equity investments on all of the "green energy" scam companies. Pelosi and many others made hundreds of millions on this alone. Add to that just infinite liquidity being pumped out at a torrential rate by the FED, and all that money needs to be parked somewhere. It's why "the next big thing"; most recently the AI craze, gets pumped in the market to oblivion. This will only change when there is a total collapse of the current banking system which is now entering a level of insane monetary expansion that it's honestly bewildering that it hasn't collapsed onto itself already.
Most people don't understand just how much energy is stored in a gallon of gas or diesel. The US uses about 11.15 billion KWH of electricity per day. We also use 376 million gallons of gas (125k btu/gal) per day, which is 13.77 billion KWH of energy. We also use 125 million gallons of diesel (139k btu/gal) per day, which is another 5.08 billion KWH. Having everything be electric would lower those numbers somewhat because it's more efficient, but even if we're charitable about the efficiency gain, we'd need to double our capacity to generate energy, all while getting away from fossil fuels?
It was NEVER going to happen. This was always a government-subsidized pipe dream, at least in America.
Hybrids and biofuels or synthetics made from captured carbon were always better alternatives. It has all of the EV upsides regarding efficiency (and zero emissions, on short trips), and none of their downsides. Big trucks should also be made with the same style of powertrain as diesel-electric boats or locomotives, with a big enough battery to do (very) short local trips or move around a yard on it's own. EV battery weight is pretty consistently ~35% of vehicle weight if you want 300 miles of range. Scale that up to a 90k lb semi - it just doesn't make sense. Liquid fuels with hybrid tech is the solution for the energy requirements in the first paragraph for the forseeable future.
They have done this. It was phev
@@jameschalkwig787Renewables with massive batteries, which can handle massive changes in load.
Kind of like oil is subsidized by the government to the tune of $20 billion a year.
Renewables are the future, and not only because of man made climate change, but they will produce energy more financially efficiently. Norway already has 70% of its energy coming from renewables. Technology always moves forward, there was a time Bugati produced a car that used 1.5 miles per gallon. The push back comes from fossil fuel companies who want to maintain the status quo and have used propaganda to get people against EV's. The next big thing could well be solid state batteries with billions being invested, their practical usage isn't a case of if, but when.
If we look at what the ultimate future to be it will be every household producing all its own energy needs via solar/wind or something we haven't thought of yet. Problem is that will mean no energy companies so they will all continue to fight it. So work backwards from that endgame.
@@alfredthegreat9543 then explain why in Europe electrical prices have exceeded diesel/petrol prices, to the point the active road charging in Germany was deemed a failure. It's cheaper to buy the fuel with the heat taxes on it than to pay for the electricity.
If renewables are the future the plan must be to make everyone poor and take power away from them.
For those saying "EV's are still selling"; what few people are saying is that sales GROWTH is dropping. There's still growth, but that growth is falling (and if it keeps falling THEN there will be sales falls).
The heavily discounted EV's you're seeing now were manufactured with the expectation that sales growth was going to continue; it's why Ford put their plans for a new EV plant on hold, they're seeing the dip and I would think they're betting on it not rising again for a while (as in the rest of the 2020's).
It's hard to determine a trend when the reason Tesla sales were down was entirely down to plant shutdowns.
It’s double digit growth in a flat or low single digit market. You would be a fool of an auto maker to not be building an ev at this time, leaving out a fifth of the market from your sales portfolio.
Tesla is seriously overvalued. has been for a while
Literal fantasy land shit, it should never have taken so long to come crashing down
And so are the other 5 US tech giants....
@@Anton-tf9iwthe others are tech giants. Tesla is a car company.
USA markets from equities to real estate whether residential commercial or else, distorted, manipulated, & overhyped since ridden with bailout, propup, & subsidization amid prevalent fraud, graft, malfeasance, kleptocracy, & corruption
@@lonyo5377that also does energy storage, ai, and data?
EVs are not a solution anyway. Better public transport infrastructure is. And the irony is governments severely underfund public transport (despite it cheaper to maintain than car infrastructure) and then because of how bad it gets people end up thinking it's inferior, so there's a vicious cycle. Of course cars are going to work better when all the funding goes into car infrastructure. But ultimately it's a dead end.
Don't you love all the robotaxi services popping up?
Anything but better infrastructure that isn't car centric 🤪
You're correct!!! For decades roads have been designed for roads and roads only. Just concrete and asphalt everywhere, completely neglecting the people. I also think the future is public transit. Europe has adopted transit oriented development which is working amazing. There are footpaths, cycling lanes everywhere and cars are banned from city centres which is how it should be. You shouldn't be forced to buy a car just to commute to work.
Well said. The switch to EV has always been a state-sponsored pipedream
The entirely of the US is built around the car.
Electric Vehicles are an important part of the future. It's just that the drastic majority of them will not be Electric Cars.
I think a major issue was overlooked here. A lot of people willing to get an EV are young. We're currently going through the poorest generation in history in that demographic. The decline in EV sales started *exactly* at the same point when companies started laying off en masse. I actually think the sales drop is because the target demographic is slaving away to barely breathe or exist as a human being, so they don't care about getting a new car at the moment.
These companies laid off everyone for record profits, and then are shocked that the ones they laid off can't afford to buy their products anymore..
Add on top of that the unaffordable houses. The younger generation are supposed to be buying homes now to start families. Instead, they are being sidelined into renting or living with their parents. EV ownership is impractical if you don't own a home and another gas vehicle for long trips. Who has time to public DC fast charge their cars every few days. I charge my car on level 2 most of the time.
As Henry Ford himself said:"Paying good wages is not charity at all, it is the best kind of business" and thats what modern companies dont understand. Youbcant sell products if you dont pay good wages
You didn't mention how much it costs for insurance. A lot of accidents that can be repaired on a gas car end up being a total loss for an EV.
This is simply not true.
Totally true
Henry Ford said it best: “If I had asked people what they wanted, they would have said faster horses.”
The point being, consumers don't always know what they want. They simply prefer the familiar.
Took a road trip in an ev one time and that sealed its fate for me. My 7 hour trip took 12 hours with the charge times. Stopped at 4 charge stations and was there an hour at each one. And a couple charge stations took a $50 hold on my car for like $15 charge sessions. I’ll never drive an EV again. The other thing that did it for me was battery replacement cost. I saw that battery replacement can cost as much as the car in some cases. EV’s are a good idea but we’re not there yet and trying to force it on us is only pissing people off
Anything longer than 4 hours and I take the train instead.
How often do you think batteries get replaced? And these days it costs around $100 per kWh for a battery, so a 50kwh will cost you $5000. And you'll save twice that in fuels. And if the battery fails before 8 years it is free or if it fails before 100k miles, it's free.
But batteries are not failing 🤘
Oh and no one is forcing EVs on anyone. You can still buy petrol cars. No one is forcing you sell your current petrol car. Petrol cars still have 20-25 years of life 👍
@@colinwiseman so have you not been seeing where the Biden administration is trying to force all new vehicle sales to be hybrid or EV by 2032? I literally said EVs are a good idea but the technology on display and the infrastructure aren’t up to par for the demands of most Americans. Hell we should be investing money into public transportation and get more cars off the road rather than trying to change the ones that are
@@colinwiseman I’ll just take your word about batteries. That’s a risk I’ll let someone else take
The "Full Self Driving" feature is simply a scam. You pay 10-15 000 for never using a "self driving" car. It is not gonna be that good to trust your life with in the next few years and it is not legal, either. How long do the current owners plan to use that car to be worth that much money?
Until the law change, where the police can't charge you on DUI while drunk self-driving I do NOT see the point
People are dumb, let them get scammed.
Maintenance of EVs is not necessarily cheaper. Definitely not compared to Toyota Hybrids. Furthermore, in case of a crash EVs get totaled much easier - even in case of a small accident. This is still a financial decision.
And insurance companies are having them written as totalled because tretes6a huge market profit for spare parts. There s a big Mafia going on with insurance companies
The most expensive car I ever bought of my life cost 36,000. So telling me the price of the car was cut down to 39000 isn't very promising.
Specially when you know that car will become disposable garbage once the battery goes kaput.
@@peekaboo1575 no, I follow the batteries and they're still at 80% after 8 years with some supercharging and better than that for people who are very careful about maintaining a neutral charge and avoiding superchargers.
My gasoline car is now 12 years old and I'm putting about four grand a year into it to keep it running. It's never the same thing. The last thing was struts and a power steering hose and something called VTX that was related to the oil. The year before that it was a catalytic converter being stolen and all of the subsequent repairs that required.
Sometime in the future, the transmission or engine will fail and I've never had good luck getting a transmission repair.
@@macmcleod1188my father was driving Golf 2 for 30 years. When he sold it that car was still capable of going for probably another 20 years.😅
Please dont try to suggar coat this inferior technology as good. It seems to me that you have been scammed into beliving into this failed dream by tech snake oil salesmen.
@@saellenx3528 dude don't fall for fossil fuel industry propaganda. I'm talking about data collected by actual Tesla owners and posted on Tesla rowdy. I have multiple neighbors who own Tesla's and multiple friends who own Tesla's and they're very happy with their purchases after between 2 and 5 years. Range loss is minimal as long as you don't abuse the battery.
@@macmcleod1188 thats EV Lobbyist propaganda. There is no battery based thing in the World thats lasting long term, be it phone, car or anything else.
I prefer hybrid rather than full EV.
That will be the real future. That with a small displacement turbocharged gas or preferably diesel engine.
@@ShortArmOfGodI agree. I believe eventually the industry will fall back on hybrid powertrains like the original Chevy Volt's. Extremely long range with no range anxiety, unbeatable fuel economy, and very low emissions. Also, no need to plug in ever.
@@ShortArmOfGodunfortunately after the volkswagen emission scandal i can't see diesel ever coming back, they are starting to be rare in new models in europe.
I drive a 33 yo diesel mercedes that gets 45mpg and will outdrive and outlive any new tesla
Hybrids are something im putting on my hopes, that way we have the best of both worlds, less contamination, more MPG or KM/L, combustion engines still alive, and more power aswell
Nah. What is the point? Adding additional weight due to an additional motor and battery? And making the car more complicated? For what? ICE cars are fine! If you really want to bring down fuel consumption maybe reduce overall weight and size of the car? But men don't like that. A big monster truck or at least a big SUV it must be - because you know ... masculinity.
The thing with EVs, is that in the beginning people saw it as novelty and something of a way to differentiate themselves( with Teslas in particular), so more than anything it was more of a choice for those who could afford it, but now it's literally been shoved in our faces and there are even policies being made to "passively" force people to abandon combustion engine cars, and so it happens that when you force something on people they end up hating it instead
At the end of the day EV is just another Car,
and Tesla is just another Ford and GM.
They have to beat Toyota and other Cutthroat Chinese car manufacturers in everything,
there are no corner to cut, can't do that with Tech.
EV is not a smartphone, not iphone, not consumer Tech product
it's a Car.
why would anyone even think that this is any different?
Most people will just buy something that was already proven to work well,
nobody got time for dealing with the unknown problem like EV
@@jensenraylight8011And the fact that people think TSLA will go to become a 5 trillion dollar company in just 6 years is mad
@@jensenraylight8011who buys Chinese cars? Where do you even get them?
@@Purplesunset- BYD overtook Tesla EV sales, even though they only sell their car in China
Tesla is no longer dominating EV, and people in China look down on Tesla because the car is poorer than their Chinese EV counterpart
@@jensenraylight8011 They sell their cars globally, not just in China. The US is actually one of the few places they don't sell in.
This video is a very good example of sample selection bias. He completely missed the European and Chinese markets.
Fair point
Your also missing the policies practically forcing people into buying an EV. As soon as that pressure is off, people choose what they like.
You are wrong like 100%
EV adoption in SOME European countries are higher because they sell coal to third world countries so if that income is gone, their EV culture will be a RIP, they cannot afford it.
Chinese EV market is a total scam, its car catching fire like Australia during bushfire season. Buying a Chinese EV literally means buying your own death certificate. Your statement has no source and yet, it isn't hard to see news from China with huge pile of EVs abandoned all over the place. BYD EV in China is a national joke and scam.
This video isn't biased imo.
The European EV market isn't that different to the US market. The Chinese market is the biggest but it' an exception to the rule and even there, all EV manufacturers but BYD are having a hard time and the government is forcing mergers.
@@danielhalachev4714 nope. 200 to 500 companies were making cars in China so when Tesla cut prices there the bloody war began and understandably most companies would eventually go bankrupt other than top dogs like Tesla, BYD but the demand for EV has not dropped neither the sales. Xiaomi sold out all their cars in production capacity for a year in 24 hours after announcement last week!
Everyone who wanted a EV has got one
And Tesla hasnt had a new model in a decade sort of, whats the point of "upgrading"?
And EVs had a garbage resale value, so upgrading them doesnt make real ecomonic sense. Buying a second hand EV is a real gamble, 30k or more for a new battery.........
This video glosses over one of the main issues - infrastructure. There a half dozen gas stations within a few miles of my house. The nearest supercharger bay is closer to twenty miles. I might be able to deal with that commuting to work, but for road trips? I'd better hope nothing comes up, because otherwise the next nearest chargers are hundreds of miles away - with exactly zero on the route I take to visit my family.
Hybrids, with a gas engine charging a battery, would make much more sense, but those aren't considered sexy like an EV. However, they are infinitely more practical until chargers are more common and spaced so that road trips don't require weeks of advanced planning and fear that the stations won't be working when you get there.
More chargers are certainly the way to encourage use of EVs. It’s technically not that difficult since they don’t have the HAZMAT issues of gas stations, and much cheaper aluminum wiring is already proven as it literally powers the whole world as overhead transmission lines.
Not to mention the fact that the US already doesn't have enough powerplants and it's pretty much just illegal to build new ones.
@@maxscott3349why don’t you think they will build more power when demand increases? It’s not strange they don’t supply until demand is there.
This guy is completely right about hybrids versus EVS
@@TheBooban The demand has been there for the last 20 years. Many places, including where I live, have started charging more not because it costs more but because they need people to use less
doesn't help matters both Elon Musk and the Cybertrucks have become memes/punchlines
Well its simple, they aren't really a tech company but THE luxury EV manufacturer larping as a tech company. BYD have EVs starting at $10,000 and Wuling has mini EVs at $5,000, so $40,000 for the same class of car is only viable so long as the Chinese don't come, and when your fundamentals is being a local monopoly in a market with low barriers to entry, its already crazy that they've even reached as far as they have.
If a Model y or model 3 is a LUXURY car.. im barack Obama.
Yea, Tesla could also sell the Model 3, for 5 grand, if the US Government subsidised 30K $. Only reason why China is exporting vehicles and giving them away is to keep the factories churning out stuff to boost GDP so the Party looks good. Their own in house sales of EV's fell, what, 40% last year, out of nowhere, so now they have an overproduction issue.
@@Xtremcookie In terms of price, it's a luxury. The non-luxury EV is the Radwagon 4.
Driving a Wuling in heavy traffic is far more dangerous than using a skateboard. On most safety rating scales, Wuling isn't even a '1.' Teslas are the safest cars you can drive, even better than Volvos.
@@billthecat7536 Perhaps, perhaps, get your safety information from somewhere else then Elon/Tesla fan boy spaces, that do stuff like compare tesla to data that contains older cars, cars driven in weather that self driving features would not be used, etc.
Musk and Musk owned companies have a long history of misleading their costumers, and Musk particularly engages in cult leader like behaviour doing that.
Part of the mistake is pitching Tesla as a tech stock.
They’re a car maker.
When Elon said that he is a "Real life Iron Man", there is a continuation to that,
apparently people didn't let him finish his sentence,
which is "Real life Iron Man Janitor"
considering they got there own AI and ai chip and there own autonomous robot no they aren't just a car maker
@@songhan1586 After a decade of promises they still can't get FSD working, and are still relying on outdated processors from nearly a decade ago; note that there hasn't been any major changes in the Model 3, S, etc. in that time. Elon made a rash decision to rely only on cameras and downgraded this capability further, whereas more successful autonomous driving offerings such as Waymo use LIDAR and other sensors, and while not perfect have a much more proven track record. Tesla's AI is flawed and far from ready, and at the pace of advancement it likely will be for some time. None of their other AI offerings, such as the robot, are cutting edge. They're rehashing the Boston Dynamics of 15 years ago.
Tesla did normalize the idea of electric cars for the masses, but it seems at this point it's much more like Ford, that originally normalized the idea of cars for the masses, than it does NVIDIA or OpenAI.
You know, a CARMAKER.
nope, they make batteries, solar, and develop AI as well
@@blasiankxng Tesla Batteries can't even beat Hybrid which is 150+ miles more and cost $15.000 less.
which is why hybrid is what most people actually need.
Solar and AI is completely irrelevant in a Car because you can't utilize it.
and most people who own tesla didn't bother to buy the FSD version.
did the AI chip makes the car goes faster or consume less fuel? if not, then it's useless.
it's a car, not your freakin living room
most people want a reliable car, and not a high tech car that cost more and with less range.
If the EV was a viable solution, the government wouldn't need mandates and legislation to force the sale of them.
The video sounds more like the EV stock bubble has popped. Looking at EV sales, those are doing just fine. Maybe not the growth some were hoping for, but definitely not declining. In terms of the stock price - startups having more overall value than legacy never really made sense unless the startups would be able to offer services that increased the overall profits - like autonomy. Unfortunately I lack the crystal ball to say who´s gonna win that one. I wouldn´t really bet on NVIDIA though, they don´t have the data to train the models.
Only reason my I am investing in Tesla is the driver data.
EVs have a market share of 8.1%, if growth is slowing you can kiss this entire industry goodbye at actual long term relevance. Stock prices were pricing in these companies skyrocketing to the stratosphere and eventually overtaking gas fueled vehicles, heck,policies in Europe and America were passed assuming this would be the case. Slowing growth rates means market share is pretty much stuck in the single digits and the entire industry is going to become obsolete before it even takes off.
@@gamble777888 Globaly full BEV market share was over 11 percent in 2023 and expexted to grow to 14-15 this year. Doom and gloom after one quarter - we´ve been there before, never worked out. EVs are on their way to replace ICE, that was obvious years ago and it´s even more obvious now.
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
Truth
true ... normie & Norma do absolutely NOT WANT TO KNOW
EVs are like timeshares. Extremely terrible idea to get one and almost impossible to convince one with a functioning brain to resale.
I don't think anything is wrong with their product, it's just how these tech companies are structured. Success is measured in growth, and their main objective along with most of US companies is infinite growth. Nothing is infinite and that kind business model does not serve the consumer.
I think you're forgetting the fact that this technology is being forced on drivers/vehicle owners. If you were told that all animal meat and alcohol were going to be phased out by 2035, would you be okay with that? We really need a change of leadership, here in the US.
"New York" doesn't want all car sales to be EVs in the future. A handful of politicians in New York want that. It's a city of 8.8 million people and each of them want different things.
Getting a larger share of a finite / shrinking business was never a great business model....
I was given a courtesy ev car and the infrastructure just isnt there yet. Given 200 miles on a full charge, which is nothing considering some charging stations with low Kw output would take 6 hours for a full charge. Unless you find a high Kw charging port still take 2 hours. With electricity prices at a high its not even that much cheaper compared to your petrol or diesel which takes a minute to fill your car. After experiencing this I would not buy an EV car as its just inconvenient.
You aren't the only one. The US Secretary of Energy decided to try one and got stuck as well - which is hilarious as she is one of the extremists pushing these stupid things on more sensible Americans!
And the funny thing is the electricity to charge your EV probably didn't even come from a renewable source. So what were we promised about EV again?
Sounds like you were given an ev with zero information about how it works. A person who never had an ICE car would probably also find it difficult to figure out which type of fuel to put in and have trouble there.
Ofc a charger that takes 6 hours is not for using on the go, it's the type of charger you would use while at work or at home asleep. And if a "high powered" charger took 2 hours i must have been broken, even the bolt which is renowned for having the worst charge time on the market fills it's battery in one hour at a slow "high powered" charger. Most EVs fill up in less than 30 minutes with market leaders currently charging 400 miles of range in 12 minutes.
If you think a 12 minute break after 400 miles of driving is too long i think you should take the train instead.
@@matthiashejlskov5008 your right I was given with an ev car for a courtesy so he didn't tell me nothing tbh. This car only had 200 miles max and I was using a 50kw charger took just over an hour to charge but the first port I used which was 22kw said it would take 6 hours. The guy who was also waiting for his to charge did say there was a even faster charger about 5 miles away but he said there would also be a massive que for it so what's the point in waiting for others. Hence going back to my comment earlier the infrastructure just isnt there yet.
@@matthiashejlskov5008 Can you point me to where someone driving an EV can consistently find a place to get a full battery charge in 12 minutes? Honestly, if that was a possibility, this wouldn't be a discussion. (That is close enough with refilling at a gas station that reasonable people would accept the extra hassle if pricing was better.) When people talk range anxiety, that is because they CAN'T find those kinds of chargers in a shape that is consistently available. And yes, waiting an hour in line counts as time spent not driving. Sure, I may see my local Costco with a long line when they have the cheapest gas prices, but even then, I'm still able to fill up the entire tank in about 20 minutes, waiting time included. Then again, I'm betting you are being facetious and trying to troll. I'll skip the EV and stick with a hybrid where I can use battery for local trips but on long car rides, I can go back to the exponentially more reliable gasoline!
Genuinely ive been trying to buy a cheap EV for so long. Still cannot find one for these "record low" prices. Much cheaper to buy a used gas than electric
Well there cant be cheap used electric. Once they get old enough to become cheap, they also require a new battery which will easily total more than the cars value, which makes the whole thing a write-off.
So they are just scrap by the point they are worth 10k or so.
Why would anyone invest in a company in which the director gives himself over 50by $ one day after firing 16, 000 employees to cut costs.
I'm in the market for a new car right now, and the biggest roadblock by far for me to buy an EV is simply the lack of a good infrastructure, especially for non-Tesla's. Maybe I'm fine within a major city, but as soon as I need to take a road trip, I've got to do a lot more travel planning than before, particularly taking into account how many chargers that show up on PlugShare or built-in EV maps are actually broken and not maintained. The US is severely behind in this area of EV ownership, especially compared to China. I also don't know if they'll ever allow it here, but the moment the US market opens up to $10,000 Chinese EVs, American EV companies are completely done for.
EV's are still a niche. They aren't affordable for average people. They're only affordable if you want to pick between a few models. You need more options for it to be truly affordable. Also, the charging is a hassle unless you have you're own setup at home.
More ev are sold annually than pickup trucks.
@@Nun195 it amazes me how many people still don't know how to use the Internet. EV sales in 2023: 1,189,051. Total truck sales in 2023: ~2,150,000. Regardless, what does that have to do with anything? Most trucks are for work. Might as well tell me more apples were sold than trucks. Back to the basement with you.
@@Nun195 wrong
No talk about Toyota HEVs or BYD. Come on.
Talking about Chinese cars in the USA? After TikTok, those are next to be banned. 🤫
@@SPeeSimon I'm guessing you're unaware that Toyota is a Japanese company, oh people from USA, don't know much outside of the USA huh... 😂
@@godhell87 BYD is a Chinese car company.
EV's......
@@godhell87 That not a case of "people in the US" as much as "not a car guy" nor close to any car guys
Or not paying any attention to the news at all. Pretty sure these outlets ALWAYS gotta mention where "company" is based now lol
They say people now prefer buying hybrids...
Hybrids have the best of both, so why not?
@@sergiofonseca2285 Added complexity and just a stop gap technology. Hybrid will always end up being more expensive since you're adding parts to the final assembly. The only reason EV are getting the traction in the market is because they are more profitable than old cars due to less parts. Most tech change is driven by economics (example electric light vs whale oil lanterns).
@@KBergs And that stop-gap technology is exactly what is needed in today's state of infrastructure. EVs are indeed the future but we're not there yet right now. Hence the demand for hybrids.
@@cheeneep Hybrids are a poor investment for most and anyone buying a new hybrid is better off sticking with used vehicles until EV infrastructure is further expanded.
@@cheeneep Watching television and the interwebz hasn't done you any favors...you know very little.
Hertz has shown that maintenance costs are not lower on EVs vs ICE.
OMG a Car company being treated as a Car Company what a ride :O
The main problem is that most of the car buyers do NOT have their own private parking lot. They can not charge their car at home. Second largest issue is still price. This seems to be an USA-issue as here in West-Europe, where I live, Tesla's are literally everywhere. They are like the new VW Golf.
It's a cultural thing in my country we're not big on electric cars especially in colder climates so it's a mix of problems with reliability in the northern states and cultural views on EVs
Might have to do with the government incentives that just went away and being able to sell them on to other poorer countries at full price after 6 months.
EV weakness :
1. Expensive
2. Sparepart is expensive(battery, etc)
3. Service centers are not everywhere yet
4. Charging stations are not everywhere yet
5. Battery is weak against cold or hot weather
6. Charging is too long
7. Baterry is not environment friendly
8. Most consumer report bad quality in their car product
9. AI , self driving, and fancy screen just gimmick increasing cost and power usage cause adding CPU/processor inside cars.
10. Lot of EV explode base on social media documentation
11. Most local engginer in garage dont have experience on EV yet
12. Most Our electric generators are still using coal.
I think the biggest reasons that EV's are struggling right now are the slowing economy, and the range issues. Most people right now are focused on affording necessities and lowering their expenses. A new car does neither of those in the short term. Especially with the rates going up, a used car or older car are more affordable right now. The range is also a sticking point for a lot of Americans, we live in a fairly large country and many Middle class people who can afford new EV's have yearly trips to visit family. The outright dishonest range advertising and testing really sour the perception of EV's. The real world range is often less than 200 miles, while they're advertising 300+ miles. Improvements in range and in the economy will help EV sales the most.
LMAO! I did a video explaining this back in 2022, and NOBODY heard me. EV's are honestly a luxury for those who have homes and don't have to rely on public chargers. You have to do a lot of planning and a lot of meticulous scheduling to make sure you don't end up on the side of the road. The government and car makers went gong ho without forethought and now the bubble has popped. 🤷♂
I will never own a home I have to rent, and that's fine but I can not see how an EV will work for me, forget about long trips how I suppose to charge daily the EV??
Here in NZ they have just bought in RUC's (Road user charges) for Evs, think its around $90nz for 1000km. Second hand markets for Evs will be nil, who wants to fork out for a new battery when it craps itself 😅 Great video as always man
I remember when you had 13k subs. I admit,I haven’t watched your videos in a couple of years but thank you so much for the quality in your research and the effort you put in making informative and engaging videos. I have the bell 🛎️ notification on to make sure I keep track of your videos
The pitch:
We got this new product, it's not quite as good and only costs a little bit more, how many do you want?
ehh telsa is profitable if you take in aal the subsidies they get. green credits are a large part of that.
That's not how capitalism is supposed to work.
Right, they make money in the sense that we the people give it to them for nothing. Great business model
We don’t have capitalism we have monopolies. Every major business goal is to consolidate; buy up the competition and with the 3 or 4 companies that remain ( Walmart, Home Depot etc ) and the collude to raise prices
@@user-rq1mk9hi4x yup.
It's the same in the labor market . Unions are just monopolies on labor
@@user-rq1mk9hi4x Monopolies are not contrary to capitalism, they are the literal end-goal for the capitalist.
Skipping over hyrbids, which are on average cheaper and more aligned with the practical realities of the average person's automotive needs, and instead sinking billions of dollars and passing highly intrusive legislation to rig the market in favour EVs is going to be looked back on as one of the biggest climate policy fumbles of the century...
Hybrids are the worst of both worlds. And because they are, they are just used as expensive, complicated ice cars.
The real fumble is not building more trains. Build some trains, people!
@@niamhleeson3522 I would love to travel by train. I can fly across the country in a few hours for the same amount it costs to take a bus and the bus is no cheaper. I would never commute by bus or train.
Currently, hybrids are out-selling all other propulsion types, and for good reason. Hybrids by Toyota/Lexus are of higher quality and reliability, have on-average much further ranges, and utilize controls that have been proven to be safer to use that all-touch screen controls.
In the HERE and NOW, hybrids make the most sense, especially for those who cannot afford to have multiple vehicles of different propulsion types.
People have realized that the "Full Self Driving" feature for all electric vehicles - not only Tesla's - is not practically achievable.
While Tesla counts on FSD to revive the EV market, they too are slowly realizing they have bitten more then what they can chew.
FSD can't be achieved by a private company; as FSD is a feat at the level of nuclear fusion.
A private company can achieve FSD only if all the cars on the road use the same FSD software, and are networked together.
Also, there is the problem that all lithium battery production is in the hands of China, and some see this as a problem.
A true electric automobile that people want actually to buy, use an electric motor powered by a fuel cell fed with gasoline. Such an automobile would have double the mileage per gallon of an ICE car, and have none of the recharge problems of a pure EV.
Thanks Harry for the video!
Greetings,
Anthony
The biggest bonus for tesla is the HUGE network of superchargers and the FSD mode as well as the range. theres basically a supercharger that can charge your tesla to 100% in 15 minutes within 30 minutes of each other. Plus they're expanding it. Versus the regular chargers where they are far and few between.
FSD has been involved in over 1,000 crashes to date.
@@robertkubrick3738 1000 crashes out of millions of cars is pretty good odds.
@@greatleader4841 1 in a thousand involving one single aspect...isn't good. That isn't all the crashes, just those where FSD is suspected, and many haven't been investigated yet.
Things to love about EVs:
1. Child battery labor
2. Range anxiety
3. Risk of garage fires
4. Paying 20k more than a comparable vehicle
5. Battery degredation
6. Poor resale value
7. Reduced performance in cold, highway
8. Higher repair costs
9. Awful charging network experiences in the weather without restrooms
10. Higher insurance rates
11. Replacing tires more frequently
But hey theres a tax credit!
But FOOLS will still buy them………They’re Saving the Planet, Don’t you know !!
The argument "look how much you will save on gas!" Never worked because you can choose to just keep your current car and save $40.000 on a new EV, and with the amount you save you can buy gas for the next 20 years. Same applies when buying a car: a $20.000 used Mercedes or Audi and extra $20.000 for maintenance and gas for the next 10 years vs $40.000 for a boring low end EV with very limited range. The choice is simple. And EVs when they hit the used market with 300.000 miles on them, the batteries will need replacing, completely anihalating any used value whatsoever. I am still waiting for them to solve the replacement battery problem
Legacy Auto like Toyota and Honda did not 'drop the EV ball', they were too smart to pick up the ball in the first place, because the ball was already leaking and would soon be flat, just like EV sales.
"Too smart"
Toyota was so smart that invested heavily in hydrogen. And failed.
SUCH SMART MOVE THERE.
@@mondodimotori Toyota is investing in many fuels, not just the dead end EV one.....
Someone just took a look at EV listing on NYSE and called it a day. LMAO
Hybrids are the most direct replacement for ICE cars, especially when taking infrastructure and charging limitations into account.
EVs are a better design in an ideal world, but we aren't there yet with pricing, infrastructure, or even battery technology.
Toyota didn't 'drop the ball' with regards to EVs. They correctly predicted that the EV hype would die out and are betting on hybrids and hydrogen cars (home market). Toyota's market value has doubled since 2022 so it seems the investors agree.
People are complaining about charging problems when there is only 1% electric vehicle on the road, wait till it is about 30% if it ever happens.
Where i live ew sales are hitting 60% of new car sales, and next country over Norway is hitting 80%.
Forward thinkers
@@LogicallyAnswered It has nothing to do with forward thinking but mostly with their government's "we'll steal less of your money if you buy an EV" policy.
@@LogicallyAnsweredor rich countries with base salaries of $5k / month with good electrical infrastructure and tax incentives
Norway has a better quality of living overall, with the average person being overall more likely to be living well. TMK, it's also has cities and towns built for less driving -- how USA is laid out leans towards longer drives.
Bit off topic, I went on a deep dive when I was thinking about adopting a dog, and an interestingly, in Norway, sterilizing pets is rare but they have near no stray dogs -- and that seems to due to a combination of laws, culture, and quality of life. Poverty is a huge driver for rehoming/abandoning dogs, aka a huge driver for strays and overfilled shelters. There's also a link between the main way of sterilizing and anxiety -- reducing hormones reduces some types of annoying/aggressive behaviour, but long term may be causing more issues (health is less clear but may be similar -- the studies lack accounting for income among other issues, depsite income being a huge driver for accessibility to veterinary care :/). So, like as usual with USA, we sorta make our own problems in a downward spiral.
Who's buying ew?
imo hybrid is the way to go right now. It'll save you a ton on gas when you have a short commute, but when you need the longer range it's as good as a gas car
People are so worried about new risks, but they often forget how much risk they are removing by going EV. Not needing to worry about 100 fluids and air flow related parts already makes up for it. Our next cars will be EV’s only.
I think it was because of the idea that it would be such a fast thing to be adopted and when it was not people switched back to oh it will never happen mindset
Investors can't understand the idea of "it'll happen someday, but not that soon"
^^
Government tried to chose the winner rather than letting the market and customers choose. If the government stayed out we'd have a lot of awesome hybrids right now
Still waiting for the day transit overtakes car ridership in the US 🙃
You will be waiting for quite a while!
In the US never, we don't believe in that
The problem with transit is that it's completely useless outside of cities. I live in the middle of nowhere and work in different ones all the time, and have different hours all the time. Even if I did live in one of those cities, it's just not compatible with a lot of situations.
@@maxscott3349 yup, I completely understand. I grew up in a rural town 35 miles away from the nearest city myself so I get your pain. However, most people live in cities now, where a good transit network and density would do wonders for the vast majority of people, while reducing traffic for the remainder of people that DO want to or need to drive. It's not an either-or thing.
@@JakeGaigeGreat that you do, enough people don't, friends and family of city dwellers included, for that to be irrelevant. They still have reason to leave urban areasand thus buy cars.
He forgot to say we're in a recession. All automotive sales are slowing. Interest rates are high. Once the Fed flips on that. The economy will open up expensive purchases.
Well they were doing overpriced tours for rich STAGGERINGLY entitled people who were buying electrical „cars” to virtue signal, play around and then discard „car” to buy new one after three or four years when battery is no longer usable in the same capacity. Truly ecological approach that normal people could not afford
EVs in a nutshell right there.
Fails in the US because it’s political now and half the states are actively obstructing EV rollouts. In Europe and Asia, the EV markets are doing just fine.
The market for EV is slowly taking roots sure. But Tesla valuation was completely moronic compared to its fundamentals
Its been political for quite a while now. The US government and Biden administration and many other progressive world governments have been forcing these EVs onto the market. Giving strict deadlines as to when to halt all manufacturing of ICE cars. Doing that and expecting zero pushback is kinda silly especially for Americans because we don't like being told what to do.
Remove government bans and mandates from EU countries and I guarantee their citizens would be making the same choice as Americans. While EVs might be better served in Europe with shorter driving distances, you can't argue that because people are threatened with harm if they don't comply that that means they chose it willingly!
@@commentinglife6175 my european friends are more interested in asking if i'd be willing to help them import an american car from the 70's than a new car.
The right won't buy Teslas because EVs are for pansies, the left won't buy Teslas because of Elon. Personally I won't buy an EV that isn't the BYD Seagull, and I'm not even allowed to buy one here!
Getting the public to adopt EVs has a basic solution: Make charging station as ubiquitous as gas stations are now. That's it. If charging stations were all over the place, then drivers wouldn't have to worry as much about charging. Sure, charging is a lot slower than filling up with gas, but having the option to charge even for 10 minutes or so would be a huge burden lifted.
You are making too much sense. That is not how the US government operates. Here what they do is punish the public and make threats. There will be some punitive measures or penalties for you if you sell cars that are not EV and that will be followed by punishment for people who buy cars that are not electric.
Half the point of an EV is that you can just charge it at home. 90% of the public, including the people fretting about charging infrastructure and range, do not drive anywhere near a couple hundred miles every day and wouldn't even come close to exhausting an EV battery with their daily commute. Then you can just charge it over night at home. The big issue here is for people who live where they only have street parking, or in apartment or condo complexes. That's more of a thorny issue.
Instead of having ubiquitous charging stations, why not design EVs with standard swappable auxiliary batteries? Then every gas station can stock them for any EV that needs a short boost to get to their home charger.
@@dcc70 Because you need special equipment and trained professional personell to safely handle these batteries.
I am not interested in a EV. What I am concerned about is the Cost-of-living.
Good. Now maybe I can afford one. Really enjoyed my wife's old Prius and now her Kia Niro hybrids. Full EV has been just too expensive. Love the power and quiet operation but money is money.
Can we please get rid of the word "hyped"? Whenevr I hear people being "hyped" about anything, I just leave the room.
I was a fan of EVs but when it came to spend my hard earned money on the car, I ended up buying a Lexus, I don't really understand what problem EVs are trying to solve. They are not that much better for the environment because of the Lithium mining, and public transport would actually improve emissions significantly unlike EVs. Public transport around the city is where EVs excel at compared to ICE cars but as previously said, better public infrastructure pretty much solves that issue. That leaves long journeys where traditional ICE cars are just better. In my case, I mostly use public transport here in London to go to work and for long roadtrips is when I use my car and I don't want to be looking for chargers and spend time there. So the only practical advantage is less maintenance.
There is nothing they can “really” solve! IMO, the left tries to make a lot of money from the “green movement”.
I think this green movement is full of BS but I still invest in them. For investment, I don’t care about the BS politics.
I also only buy Lexus/Toyota. They are good reliable cars even though they still have problems sometimes.
EVs are better for the environment. It's not even close.
The problem with EVs is that they're currently more expensive (usually, depends on the use case) over a 3-5 year lifespan.
@@PlaylistWatching1234 When you factor in the kobalt and lithium mining as well as the fact that they're still charged off of fossil fuels due to that being the default setting for most power grids, they're actually worse for the environment. Not to mention the lack of reparability and the inherent flaws of lithium batteries as a whole. Although modern ICE cars still pollute, they're very fuel efficient and only do so at a minimum.
@@rantzntirades1104 @rantzntirades1104
1. Lithium mining causes way less emissions than gasoline usage.
2. EVs are cleaner, even when charged from coal or gas power grid, because EVs are crazy efficient.
3. Don't really know what inherent flaws of lithium batteries you're even referencing.
4. The only thing you have right is that EVs are more expensive to repair, because they're more expensive cars period.
@@PlaylistWatching1234 1: Lithium and cobalt mining is done by child labor in Africa and is really filthy.
2: EVs are not cleaner plain and simple.
3: Lithium batteries are consumable products and have a set number of times they can be charged and discharged meaning that they get thrown out and become ewaste in a few years. This is far worse alone than burning gasoline.
4: Its not that they're more expensive to repair, its that the whole "You own nothing and will love it" mentality and manufacturers fight tooth and nail so when something breaks, you're not allowed to fix it. Are you forgetting that the auto industry funded a commercial saying that if independent mechanics got access to the tools to fix your car, you would get raped in a parking lot? Are you forgetting that when a $5 part breaks on your Tesla battery, they force you to replace the whole $20,000 cell?
5: You're a troll or a mindless fanboy.
One of the main issues with evs and cars in general is that they are rather inconvenient methods of transportation, especially in most cities. Add to that the lack of infrastructure, and the time it takes to recharge a car and unless you live in a safe city with plenty of power stations, there is no reason to use a bike, a motorbike, the bus or walking. That is because it is way cheaper for governments to just invest money on real infrastructure rather than creating chargin networks on the already messy situation of electricity production in already congested cities. Not to mention that people outside most cities, like in rural areas, will never be able to get said infrastructure since the population density is still lower.
What happened what Inflation bubble popped. Food prices have double in two years and costs of good have exponentially increased.
Government just figured out that no one wants an EV 😂
Well in the US at least.
In Europe where charging stations are now 10 times more frequent than gas stations and where they are all standardized or about to be standardized, and not monopolized like Tesla is doing with its tesla charging stations, practically everyone wants an EV. And those who don't own an EV yet plan on buying one as soon as their combustion car breaks down.
It's one thing to encourage people to buy EVs, but you also need to make it more comfortable for thhe consumer, and that means banning charging stations from delivering power to only one brand of cars.
I mean imagine a gas station refusing to give you gas because you are not driving a Ford. That's the same level of ridiculousness!
Because there’s not enough places to charge them yet. Nobody wanted to trade their horses for cars either until gas stations got more widespread.
@@texanplayer7651 currently in europe, can't confirm what you are saying. There are not 10x the charging stations availavle to people, and most people dont plan on switching to EV as gov subdidies declined.
I love my evs and so does my family. How many have you owned?
@@MakeAMark1755 You don't have to own one to have researched and have an opinion on BEV unless you are a Communist? My tax dollars going to subsidize then gives me a right to an opinion on BEV.
I think many people commenting on EVs haven’t yet absorbed that the maintenance and charging costs are actually not that much better than ICE vehicles. EVs do not need oil changes and they don’t need new brakes as often, but they absolutely EAT tires. People are replacing tires every 8k-10k miles. Compared my current car which needs tires maybe every 50k miles.
And the cost to charge has actually SURGED. A friend of mine recently charged his F150 lightning and it was 70 cents per kWh. On a 100 kWh charge that would be $70. I get 20mpg in my truck, which at $5 a gallon means I’d pay $75 for 300 miles of range which is about what his f150 lightning does on a full charge.
So maintenance isn’t that much better because you have to replace tires so much more, and charging isn’t actually that much cheaper than gas. And btw, gas near me is less than $5 a gallon.
Eh, i've driven 40k km in my ev and have no unusual tire wear. You can wear tires quickly with some EVs because they have crazy acceleration, and people drive like they stole them, but with normal driving it's not a huge difference. My ev only weighs 10% more than the ice version of the car, and fully loaded the difference is even less.
As for charging, when i charge at home it costs me about 25% of what ice costs. But on roadtrips it's closer to 80%. So you're not saving much if you're constantly roadtripping and using public chargers, but most people do a majority of their driving closer to home and can charge at normal rates.
If you have solar panels charging an EV will be close to $0 Try beating that cost with your truck and calculate the fuel saving over the lifespan of the vehicle.
@@xunepxaxo If you are rich enough to own a house with a cutting-edge high-end solar installation then you dont care about the cost of such tiny things like gasoline or electricity anymore.
What the 1% does with their stolen money is irrelevant to the 99% they took it from.
@@xunepxaxo You would need 30 panels on your house (if the house is going to pull any power at all!) to charge a BEV in bright sunshine to charge a BEV in a reasonable time. This also presumes the car is at home during the day to charge? Do you not have a job? Didn't take math in school? Never put in any study on actual real life output of solar panels? Where are you going to get 7200W...assuming you have the absolute most efficient panels then allowing for real life only getting 80% if that....During the day to just top a battery in a couple hours? No, you charge at night with Coal.
You have a bad source for information.
You contradicted yerself in the first minute. Is Tesla a Tech company or a Car company?
Aside from that, once all the people who can get tax credits are used up, there is no demand for electric vehicles.
like Jeremy Clarkson said: tanking a car is already one of the most boring things to do, imagine if that would take 40 minutes or an hour!
What catching up to tesla autonomy are you talking about? Dozens of brands have far better autonomy then tesla.
Okay maybe not dozens but Mercedes is level 3 right now. Tesla is level 2.
Honda hit level 3 back in 2021 with the JDM Legend.
Tesla is way behind.
@@deanchur waymo islevel 4 for god sakes
Savings on maintenance is a fallacy. Evs are much more costly to fix, much harder to find people to repair them, much higher in insurance.
Additionally they have complications of where and increasingly when to charge.
If they break and wear much less, why do you even care?
@@mondodimotori the problem is they don’t. Thats the first. They’re very temperamental. The reason they cost more to insure is for that very reason. The second problem of why you will care is when you want to sell it. The cost of repairs and battery issues drive down the cost of resale dramatically. An EV is a luxury belief purchase at this point, and nothing more.
Even among EV owners like myself would like to see more PHEV options with 80 miles of range.
If the industry had been restricted to producing a smaller vehicle for local trips only and putting off remote charging it would have slowly developed a market. Restrict it to people who have home charging and don't have the government offer any tax incentives. There would be enough rich EV enthusiasts to start the industry.
Someone should tell EV car developers that 1: batteries don't work in the winter. 2: the charging network and time it takes is terrible. 3: why hasn't anyone, ANYONE connected an alternator to the wheels, when they spin, they charge the battery.......
omg take a physics class bro. you lack fundamental understanding of thermodynamics.
There's no need to include an alternator. Electric motors can convert motion to electrical energy as-is. That's how you get one-pedal driving and regenerative braking.
😂😂😂
The alternator thing works only if your original source of energy is not electricity. So far manufacturers have recycled as much energy as possible in EVs. Anything more than this is impossible.
Ah yes, EVs don't work in winter, except in all the cold countries like the nordics where EVs are now a majority of car sales.
And charging is terrible, when i drove down through europe i sometimes drove 30km without seeing a charger!
And alternator on the wheels? Why don't you just tie a rope to a stick and stand on it, and pull the rope to lift yourself up to the second floor?
ev bubble did not burst, it is merely teething problems that any new thing faces, plus the recession with additional burden of higher interest rates, but in time, interest rates will fall, inflation will fall, growth starts, and growth rate of tesla will start again... 10 mil figure is quite reachable, by the date tesla prediction
why are you stoop so low, that you apologized for Musk?
sell while you can buddy
Interest rates falling will cause inflation to rise, not fall. Try economics 101 bro.
Really depends on who swimming naked in the EV market, those who have Battery Production capabilities may be more to diversify on grid storage business and sustain their cash flow but those who don’t are…
Maybe instead of charging they can also give the option of removable batteries. You can go to a place like the petrol bunk, change batteries and carry on
Don't forget car fires. The amount of car fires on the 401 is crazy
as always: very well researched and presented. thanks Hari.
🙏
Good video bro but was waiting on you to mention the increase competition from Chinese markets such as BYD and other Chinese EVs with cheaper prices.
Tesla is doing decent. They sale more cars than brands like Subaru.
But all other EVs not so much. In the US every other EV other and the Model 3 and Y sold under 41k units last year. That is terrible. Makes no sense for most brands to make a EV
I'd rather buy a Subaru than a Tesla.
That means you can now get a great deal on a brand new Tesla. Time to buy one.