Disaster hits BMW, VW, Toyota & Honda - millions of cars sit idle
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- เผยแพร่เมื่อ 18 มี.ค. 2023
- Disaster hits BMW, VW, Toyota & Honda - millions of cars sit idle
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#bmw #vw #toyota #honda #carnews
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It's amazing that this is not being reported on by U.S. business news networks! As usual you have scooped them again. Great work!
US mainstream is never going to let you here something like this until they can’t avoid it.
Not amazing at all. US MSM will avoid reporting any negative news about legacy auto for fear of losing advertising dollars.
that is not what the data is showing byd and tesla work in a different time line? Clearly BYD have the at home advantage but everyone else is essentially in the die hard fan base. i would keep a close eye on how the rest of this year sales goes because it seems this will be the wake up call for legacy. And yes the economic slowdown is just making it more apparent but not the cause because they are clearly buying BYD and Tesla
"US Business NEWS Networks" are infomercials for the stock indexes, usually telling you to do the opposite of what you should be doing, so they can profit off your mistakes.
How do you know that Toyota is at 30 per capacity due to them holding back production, as opposed to supply chain issues.
Toyota and Honda still blame supply chain as issue for low sales lol😂😂
Supply of willing customers … it’s the final link in the whole chain
Yeah so did sony etc alot of companies that sell products with electronic chips in them had issues. If you look to sony or toyota they have worked on the supply chain like many others have.
The way Honda treated me with our last two cars, I will never buy another Honda anyway!
Interest rates are making it hard to buy a car right now.
Thank you Sam👍hope your wife is getting better ❤
People in the US can't afford a new car. The AVERAGE cost of a new car in the US is about equal to the average household income in the US. Inflation and mortgage rates and energy cost require more disposable income, leaving much less for a car payment... so they aren't selling. High end cars are selling, but the mass market just isn't there for high end cars.. the worst is yet to come.
Yet Tesla cant keep up w demand,,😂
Teslas are bought by people who see farther than the car’s sticker price. Compare the monthly owning and operating cost of EV’s vs traditional gasoline powered vehicles. You decide.
Remember buying good used cars for $500 back in the 70s that I could fix myself.
Car insurance is outrageous and gasoline forget about it
Great work!! US mainstream is never going to let you here something like this until they can’t avoid it.
You are starting to see how much of Americans reality has been distorted by the advertising industry.🤔
If you regard the customers as "suppliers of cash", they kinda _do_ have a "supply chain problem."
Never thought about cash as part of the supply chain in that way! You are so right that cash in the enabler of the supply chain. No revenue, no purchases of materials, parts, etc.. Cash is the Tip of the spear!
Sharp!
@@rustythecat2163 In the human body cash would be the blood. All the organs are waiting for some fresh blood so they can go ahead and do their job.
@@antoniocruz8083 how a the tummy , as every thing starts with energy
Great quote sir👍🏿
Ev car sales should be hitting peak now due to wretched charging infrastructure everywhere . Who in their right mind can endure searching for charging points and when found are often out of order. Also evs need to seriously up their game as regards charging times, whether at home or at a so called fast charge. If each country had the desired amount of evs there would be absolute gridlock at the charging stations. Road rage would seem like a tea party compared to the scenes that would be witnessed.
Not forgetting the inability of the electricity grid to actually support all these electric vehicles being charged, plus the push to cancel gas boilers and gas cookers putting even more pressure on the grid!
If the grid goes down we all get screwed, no heating, no cooling, no cooking, no food, no transport, no computers, no tv! 🤔
Except, they keep growing month after month.
As for home charging, why would it need to be faster?
EV sales hit a peak, but they will hit another peak next month, and the month after that. Charging at home like most people do, is cheap and happens all night.
Barring a serious auto crash, our hybrid electric Toyota Camry will last longer than our ability to drive safely--now that I am retired there is no incentive to replace it. But it is interesting to sit back and watch the transition take place. I figure this is comparable to the replacement of horse-drawn vehicles with automobiles. Thanks for keeping us up to date, Sam.
Think back to those photographs taken in New York City 11 years apart, 1911/2 and 1922/3 ISTR. Motor vehicles had been manufactured in increasing quantities, if still very rare and expensive, for a decade, (and hand builts and prototypes by tinkerers for 2+ decades before that)
The photos show horse-drawn to autos changing from roughly 98-2 to 2-98 percentages in 11 years time. Sound familiar? 2 decades of tinkerers, a decade of ‘only for the very rich/urbanites, then a decade of breakneck production increases and rapidly falling prices/adoption rate increases. I would guess that 2023 is now a ‘late in 1913’ moment with certain places like Western Europe, China, California and Québec living slightly in the future of 1914-1915. (In Norway, its 1919 and the war is essentially over)
I wish the best for your hybrid. And may very well last as long as you need a car (I'm in the same situation..driving a now young ioniq 5...not intending replacement, charging at home with solar panels whenever possible....which is most part of the year).
Only I hope that you can get the needed spare parts long enough when toyota indeed fails as a company.
(Maybe other producers keep producing parts when enough people wants them, I see that with a rover car owner. Still parts available after 25 years.)
Alan Jameson: It's as big, but will take longer, like decades. Even if not as good, as long as they're legal, ICE cars that older retired folks (like you and I) can safely drive several thousand miles a year or so, like Toyota Camry's, are plenty good enough, and relatively easy to take care of.
Feeding a horse was expensive and work. Horses don't live all that long re working age. So in larger cities, the transition largely occurred in just a decade.
Given AGW, it can't happen too soon, but of course, cars are only about 20 percent of the total problem.
Add to that all of the tens of millions of former commuters, now working at home with their ICE vehicles now rolling only 8k miles per year vs 30k before the pandemic. I'm one of those. I won’t trade for years.
I'm approaching my 70's (and still run my own company - since 1987) and here in the UK, a company lease on an EV (I have a model-3 Tesla) costs me (personally) almost nothing. The lease costs (including insurance) are tax-deductible, the BIK (benefit in kind tax) is 2% (compared with 40% on an ICE company car) and I charge 99% of the time at home.
To have the use of this wonderful machine costs me (personally) about £60 a month. And most of that is electricity.
OK... difficult for a retired person to take advantage of such benefits (it has to be a company car to be worthwhile) but for anyone whose company gives them a company car (in the UK), both the company and the employee save big time - and get a really nice modern EV.
Thanks for the updates Sam , sending positive thoughts to Channa , you and the boys.
I don't think the legacy auto makers realised how quickly the market for ice vehicles would change, even though the writing was on the wall.
Osborne effect! Tony Seba saw it coming! That said ppl will still buy cars when they need them but it's hard to be exact when predicting these things.
@@leonmilner9994 build EVs. People will buy them - when they are not overpriced.
Overpriced according to the need, not to other overpriced cars with all bells and whistles, they are too expensive.
60 Minutes in the US has revealed that the polio virus is being used to kill cancer at Duke University. Check it out.
@@richard--s people will buy them once technology gets better
@@hospitalsgivingpatientsdan8894 yes, many peole say this - about their own decisions. This is a real true point.
Or when they are cheaper.
Best thing about your channel is that to topics are fresh. Everyone else is just rehashing everyone else. Thanks
agree
Glad you think so!
Like that chart for insurance is for March 6 to 12? That week is about a week off.
I just spent the last month and a half trying to buy an electric car here in the US. Most of the mainstream manufacturer dealers (Nissan, Kia, VW, Subaru) in and around the Chicagoland area were charging a "market adjustment" markup over MSRP from anywhere 2% - 20%. This doesn't include all of the other bogus fees they were adding over MSRP. So why would these companies expect for their EV sales to do any good in the US?
That's why you buy a Tesla,takes ten minutes online
@@thevillage38 exactly, why bother with those slow to change legacy automakers?
You and I are different friend . I drive a 2005 Chevy blazer (still runs well ). All I can afford….
@@dy6682 Only if your in the mkt for an ev Otherwise drive what ya have till the wheels fall off,right?
Tesla has even more margin in their price than dealer markups. That’s how shitty a product you get. Costs $20k in China and they still make money
I think there’s a bit of an Osborne affect going on in the overall car market. I think a lot of people see how Great electric cars are but can’t afford one yet (Or they’re waiting for a specific model coming out in a few years) so they are just Keeping their gas cars longer, waiting till they can get an electric one.
It's exactly that. My case so I'm sure there are 100's of millions like me!
Whole lotta ICE cars about to become REEEEAAAALLLL chep.
That’s been my plan!
@@glennmartin6492 people have been saying that for 1.5 years. ICE cars price is still outrageous
more like ice prices are outrageous, so more people are holding onto their car for far longer than what they normally do
Also here in the US even with great Credit, your payment would be between $600 and $800 per month on $35K for 5 to 7 years. Most of the people who work for a living can't even afford a basic car right now. Rent, lease and new house loans are at the highest payment levels in the history of the US. Food is still way up in costs. Electricity bills are way up because of the cost of coal and natural gas. Cars come last if you can't afford food.
Even at 24c kWh, you'd save $1,000 per year on fuel and another $500 per year in maintenance. So that does lower the monthly payment by about $150 per month.
However, I'm concerned about
A) higher licensing and registration fees
$400 vs $80.
B) Higher insurance costs.
Had car makers improved their factories & designs over the years they would not be in trouble and more of us could afford cars. Instead they gave us new tin and paid Madison Ave to convince us that we wanted them.
@@macmcleod1188 and you'd lose that same amount in insurance premiums and significantly more costly annual registration. My prius costs $150 a year more than a non hybrid. An ev costs $300 more to tag than an ice car.
@Dave's Model Works 300 more is not 1500 more. So the question is insurance. All ev's are not Tesla's made of one piece boron steel.
Also, as the network effect is lost for gasoline, maintenance costs will increase, gasoline stations will become less common and the price of gasoline will increase.
Landlines doubled and then doubled again, for example.
@@SweetLou0523 I’ve been driving a Tesla Model 3 for the last 3 years. I don’t pay any more in registration and only about $200 more per year in insurance. You know what dwarfs everything else though? It’s not the reduced maintenance costs or the reduced fuel costs (both of which are considerable), it’s the fact that my Model 3 will last over half a million miles !! That cuts the cost of the car in half ! (PS my brother just dumped his Prius and bought a Model 3....loves it!! Have you even gone for a test drive or is your entire argument based on insurance and tags?)
Everybody around here (Victoria BC) is buying a "Tesla Zero" model...ebikes everywhere. That's the real game changer.
It'll be a generational change too. Get an Ebike when you start highschool, take it to university and to your first jobs, only get a car when you start a family and return to Ebikes when the nest is empty.
Yep! An Ebike makes a great "second car" too! Combined with Uber I think a lot of young families that would have previously had 2 cars will be able to avoid it for longer.
@@leonmilner9994 Second or only car if cities densify to survive.
@@FirstLast-ml7yf I live in a moderately dense medium size city in an all electric house with solar. I have never had need for a car. Last year I produced 3 MWhr more than I consumed. But this is definitely dependent on where you choose to live. I can get to most of my needs in a 15 minute walk, bus or train ride.
👍😎 I just take Uber / Lyft. If I need to go to multiple locations, I rent a Tesla for a day or two…..
There are vast areas in the US with row upon row of new cars just parked up. Also we’re meant to be going green, just think about the materials sitting rotting away.
This is a terrible problem that will affect the livelihoods of tens of thousands of people. I want to thank you for bringing it into the light so people can think about it. Far too many people won't think about it though even if they see this video. I've never seen such apathy in all my life. I don't know what it is or when it happened but people just don't care anymore. Thank you for being a person that cares and putting up content like this to keep us informed
This guy's a paid propagandist, but the banks that own western governments love him, so expect his channel to grow larger. The least expensive functioning EV in my area of Minnesota is a 2017 Tesla Model S 100D for $39,900. The least expensive functional ICE car is 33X times cheaper. The difference in price will have to be borrowed from a bank, which produces nothing but misery and debt. The conversion to EVs is another large step down the path to rentier serfdom hell.
"You will own nothing, and you will be happy"
-The WEF
Just absolutely amazing. Thank you Sam for helping open our eyes. I look forward to your videos everyday and even though the chances of me owning an EV at some point are rather small, I still really enjoy watching you and your friendly positive attitude and learning the incredible mind blowing world that is forming before our eyes. Keep up the good work and as always, all the best to you and your family.
You are so welcome
Why would you say the chances of owning an EV are rather small?
@Tom Drewenskus For the same reasons most people still wouldn't buy one. And they're legitimate problems EVs have always had.
@@billcichoke2534 Instead of talking in generalities, please be specific why people are not buying EVs in your opinion. Because the EV adoption rate everywhere is growing exponentially, not linearly. I bet you won’t share some facts rather than just opinions.
@@tomdrewenskus8167 Indeed?
FACT: After over 14 years of government subsidy and mandates, and additional fees and restrictions on ICEVs, the worldwide adoption rate is still only around 5%. And, like I mentioned, at least 20% of new EV owners, return to ICEVS. Not opinion...FACT.
FACT: The average price of used ICEVs has increased to the point where they cost as much as new ICEVs, if not more so. More to the point, the average age of personally owned light vehicles had increased beyond 12 years. This shows people buying more older USED ICEVs, than either new ICEVs OR EVs. And, again, this is in spite of government force to the opposite. Again...not opinion...FACT.
I can go on...
Hi Sam, no other channels are taking about this, thanks for highlighting it.
I heard an interesting factoid today on Larry Kudlow's business show that said "the E/V fleet won't hit 10% of the total US car market until 2050". And like the TV commercial says - "it will take trillions of dollars and take decades of time to do that". Which I found rather eye opening...
California will not allow gas cars beginning 2035. Saddle up yer horses!
JAPAN cars: 1 2 3 4 5 hundred thpusand miles & still running well. Thats a feature of Japanese cars. I just easily sold my 1996 Toyota 4Runner w/330,000 miles - still runs great &: no oil burning - same gas mileage as when purchased.
You sound like a longtime horse and buggy guy, who may never know what they're missing, not seeing why millions drive cars. SMH.
Fascinating as usual. You do great work keeping us up to date.
Much appreciated
5300 Wuling cars at $27 GM profit is $143,100 per week. That pays a third of Mary Barra’s weekly salary.
Ha ..!
women are used to advance the agenda ... destroying america
But if they have to do a recall, all those profits would disappear. Risky, they should put the price up at least $1000.
Another reason my be that many buyers depend on leasing their cars. But leasing isn't anymore as cheap as it was because of growing interest rates.
I rode in a 2023 model 3 today, and I drove a 2023 bmw x3 a few weeks ago… No contest
Good luck ICE idk why you aren’t shifting to gigacastings bc the model 3 was taut, smooth, solid, nimble…
Amazing reporting on every facet of the EV/New Energy paradigm shift, Sam ⚡⚔️⚡
As soon as someone says mainstream media I switch of instantly
millions of autos sit idle while the stubborn ceo's raise prices in a last ditch effort to kill evs? just wow,, shows the depth of corruption in the used car market in the heart of america when a crappy 5.3 suburban goes for 10 grand while they are piled up on every corner used car lots . the market is going to bear what? these diesel driving used car salesmen are going to reap what?
the problem is greed just like elon said.
This mad rush to electric was always going to end in tears, you cannot/should not throw a way 100+yrs of tech overnight without repercussions!! Crazy world now.
U still remember film for photography? Kodak Eastman kick the bucket around 100 years
Unfortunately here in the US, the government is forcing the change. They are charging one car manufacturer $700,000 for just one model if they want to use a gas engine. It's intrusive government actions in the industry that are creating the costly problem.
Kodak film went out in a free market development. A better, more cost-effective product naturally displaced it. The free market driven transition was easy.
@@Brian-ve6kv kokak went out of business because the gov can not spy on you with a paper picture
@@Brian-ve6kv electric vehicles are already better and more cost effective
@@teklife that's currently demonstrably untrue for the majority of the world.
Polestar is owned by Geely the Chinese carmaker who also owns Volvo. So it's not Volvo who can't sell cars, it's Geely.
Geely owns Volvo that in turn owns Polestar. Geely is an indirect owner of Polestar
Volvo is a public company so it’s not just Geely who owns it
@@PeterXiao1 Wrong. Geely is the parent company of Volvo which is the parent company of Polestar.
Geely has its own cars and owns Emgrand, Englon, London Taxi, Panda, Shanghai Maple Automobile, Volvo, Polestar, half of Proton, Lynk & Co, Lotus, Zeekr, Radar and Terrafugia.
@@googleisnotyourfather-zt9qt Yes you're right. I was just saying in shorthand
It's still Polestar if it doesn't sell well. Don't be silly 😅
This is all about the Osborne effect to the nth degree. People are holding off buying a car until more EV's are available. If you have an ICE car now, why would you buy another ICE car, if you believe that EV's will eventually reach price parity, and every manufacturer will be making them. Not only that, if the government bans people from driving even the existing ICE vehicles on the road, you won't even be able to drive a car unless it's an EV. There are certain places like London and Paris where it's already very difficult if not impossible to drive an ICE car without an exemption.
There may be thousands of unsold cars out there, but Thursday (3/23) I get my Tesla model Y I ordered last December.
Tesla is surprising well on otd after the pandamic. We get our model 3 one month late. Which is nothing comparr to legacy auto maker
In Australia sales of EV's are a very small % of the market , they are expensive and impractical.
While sales of large SUV's and Pickup utes are booming ,,all powered with internal combustion engines as people prefer the convenience of petrol /diesel powered vehicles.
You, sir, are blindly going through life not seeing how things REALLY are... your view is skewed. EVs are disrupting the market everywhere, some are much faster than others. EVs ARE crushing the market.
@@billdale1 The facts say otherwise . After years of hype and government subsidies , they have not even secured 10% of the market in Australia.
Globally , EV's are failing to live up to the sales projections , companies are losing billions of dollars and many are now walking away from their EV plans.
EV's are an inferior product that will fail in a free market , especially as consumers learn more and more about their shortcomings and their negative impacts on the environment.
I recently, this last week for that matter, purchased a Honda Civic. It was on order for nearly a month and was fresh from the factory in Indiana. There were a lot of cars on the lot for the Honda dealership. Most were used and all with absurd premiums placed on their price. They said if I was willing to wait a month there was a stack of cars coming, in something like 5 or 6, so I put a deposit on one of those cuz it was cheaper.
The Valley of Death is real.
All car makers suddenly realize battery electric cars will mark the end of an era The entire motor industry will die very soon and millions of people will lose their jobs They just digging their graves with their own hands
Imagine VW committing close to a quarter trillion to EV development. Sounds like desperation.
If they do that for their ev expansion? They'll have more debt alone than any entire country currently does not named China or USA. 😀
VW is a lying criminal company and the world's most indebted to boot. Their plans are more lies and will not come true. Give them no money and they will die.
$250 million is basic r&d. Ford spent a billion on the last super duty when switching to the aluminum body.
@@lawrencefranck9417 OP said quarter TRILLION. That's 250 billion, not million...
They'll go bust before they spend even a small fraction of that 250 billion.
Wow! Thanks for covering this!
Thanks for listening
Great video and information. Rate of Change is accelerating! No surprise, but still shocking!
regarding the Japanese and not having any decent features in their cars...I've had around 10 Hondas and never had any major issues with them...my favourite feature was the fold down table in the boot of the 2nd Generation CRV...absolutely brilliant..!🎌🏁🚙
Honda and Toyota have always been known for good quality, good value in their vehicles...I also have owned several. Unfortunately for them, they have refused to accept the change to EV's, and companies like Tesla and BYD are literally eating their lunch!
@@melleblanc8705 agreed...add to that the Japanese business culture which is ridiculously slow to change anything these days...no longer innovators unfortunately
New buyers like bells and whistles in new energy vehicles. They are defining the future of the automotive industry
I hear you, I had a Toyota Tercel for 11 years then went to a Prius drove that for 12 years. I was excited about the Toyota CHR and wanted it to be my 3rd long term Toyota vehicle, I took one for a drive, it was crap. The salesman told me it was made in Turkey. Then I became aware of Toyota's anti electric stance. Unfortunately Toyota has had its day, its too late for them to take a wiff of the smelling salts, realize where we are, where we are heading and catch up. "Change is a permanent condition of our society". It will take a while for its loyal base to realize the old Toyota does not exist anymore and to realize ICE is dead. RIP Toyota.
Magic (rear) seats in civics are pretty handy too
Not true.. Toyota is asking $5k-$10k over listed price
Sounds wonderful, bring the cars to Australia and sell them for pennies on the dollar.
A lot of people just do not want an EV car.
The same reason why people just do not want to be seen in a "poor person's car". It's drilled into ya
Nissan, Toyota, Citroën, Volkswagen
Yes, that is correct, a lot of people don't care about the air they and other people breathe. I was just thinking of all the school busses running in front of the school with the engine running and all the children lined up waiting to get on. I wonder how many of them will have symptoms later in life.
Its a free world - still....
Once people actually experience an EV, many will realize they were wrong about EVs.
Human beings don't like change and don't like leaving their comfort zone, this is normal.
Back in history they resisted the automobile and clung to their horse and carts.
Until they buy one
Can we get some of those legacy cars shipped to Australia and get some lower prices and better availability here, please? 😊
Ha, no chance the legaceans just want to gouge you more!
China is left hand drive.
Should ship all the petrol, diesel cars to UK. Car prices here is still too high and waiting times are still long
Thanks EV and I hope you're feeling better! 😉
These legacy auto makers will start getting downgrades to their stocks and Banks will start refusing loans whilst commercial bonds will reach junk status!! The stock cars should be sent to other markets!!
Look at their current credit ratings, overall debt to asset ratios, steadily declining market shares and of course Altman z scores.
The writing is literally on the wall so to speak. It's just like the band playing music while the titanic sank. 🤔
Lol you are funny - EVs are small share of sales - they are like 3D TVs we’re in the 2000s
@@matthewm7867 nope try again evs hit over 10% of all car sales in 2022. They are already over 15% of sales to start of 2023.
Trending towards 18% to end the year if not higher. 25-30% in 2024 and then oh boy are the ice dinosaur makers in real trouble. 😎
@@matthewm7867 Big difference: EVs have a compelling use case and sales keep increasing.
We've been waiting years for the ID Buzz to arrive in the US.
I pick up the phone and inquire when the demo will arrive. The dealer say, not till 2024
Last time I saw a pic, VW have taken the Buzz out of it, leaving just a plain van (camouflaged with paint)
I heard this summer, but I wouldn't consider it written in stone
I'm waiting for the iD3. Will have a long wait.
Cars should be affordable - 15-20K is budget friendly, 30-100k is way to much for an automobile
Hi Mate, The issues prices went up20% after the pandemic, and the interest is so high now also. cheers
原因是价格战，自从两周前特斯拉开启价格战以来，所有厂商都跟进，包括新能源和燃油车型。但结果是价格越低，人们对新能源兴趣越大。许多燃油车已经便宜到不可思议，但还是卖不出去。
This is what will happen in Europe in a few years, now people don't believe it, but they will soon realize that I am right
Thank you google for providing free translation
Thanks for your great video. One suggestion: please include a reference or a link when you refer to things like legacy companies have large inventories of cars in China. Thanks again for your videos.
You can search Chinese media for that. It has been happening for 2 weeks some local government pay incentive to get rid of thr Inventory. It does creat a boom, but likely short live. I was actually shock about that when first saw the report 2 weeks or so ago. I know the ICE car will be phae out eventually in china. I just never foresee a shock wave like this can happen
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I have owned Japanese cars, I particularly loved my Honda CRVs, I now drive an EV and would not go back to an ICE car.
Imagine if they just made every hybrid available with stronger and larger battery capacities. They would be half way there to the electrification goal and tears ahead of the mess of the situation we're in now
I've been considering getting a sticker saying "ice melts" or "sheep still drive ice"... probably wouldn't help the world though.
You should forward your details to the criminal courts in The Hague for crimes against humanity in the child slave labour in the DR Congo to mine the rare elements for your batteries.
@@robertedge6326 You mean exactly like the cobalt used by oil refineries to get the sulphur out of gasoline and diesel fuel.
@@davidelliott5843 not even close.
The cost of cars including EVs are too expensive 45k for a uninspired 2 wheel drive anything is ridiculous and with interest rates are going up average buyers just can’t afford a new vehicle. I personally was planning a new purchase this coming summer but maybe the summer of 24 but more likely 25.
Once the cost of fuel, maintenance and repairs are considered, expenses that are nonexistent or greatly reduced with EVs, many bite the bullet and go electric to lower their monthly expenses.
Reliability has been the thing that has stood out for Japanese cars.
Right, in past time but new EV of the group are not what you expect. Lousy performance and for that the prices are far too high and still outdated manga design! So this is just Kodak or Nokia and Motorola story when Apple came😂😂😂😂
@@Lifecoach7Ra EVs will not last wait 5 yrs will be history
@@matthewm7867😂😂😂 hahaha 🤣 🤪
@@matthewm7867 I don't like EVs...but you are wrong, they will become the dominant force...but there will be niche vehicles using carbon neutral fuels. Me personally, I don't have EVs for political reasons (im very far left wing after all) but because I enjoy driving cars with a manual transmission too much to ever give that up, and I love the sound of a gasoline powered engine.
@@fortheloveofnoise9298 I've been driving 5-speed ICE manuals since 1982, or 1973 if you include the motorcycles. But my next vehicle will likely be a Tesla and I have a significant number of Tesla stock shares.
Our company fleet uses Toyata cars, a number of them have accident damage and have been waiting for months for parts. This is UK
I totally agree with you about Toyota using the old supply shortage line to maintain high prices... it's total B.S. and should anger the average consumer. I am also very upset about these figures on a personal note because I ordered a VW ID4 back in November and I am still being told at least a year long wait or even two... meanwhile there are some right next door in the U.S. sitting on the lot. I'm from Canada by the way lol. Anyways it's upsetting lol
Crazy...I'm just wondering if you are allowed to buy a car from the US and drive it to Canada and the register again in Canada in the future? Or are you not allowed to do that?
@@shansui9045it's allowed but ends up costing more since you gotta pay taxes upon return, get it inspected, register it all over again, plus with the current exchange rate... I would be getting killed lol not to mention I get 12k off an EV in my province so I'm just stuck waiting lol I actually have two on order
Send them all to Australia. They luv evs
Maaan it’s scary but exciting seeing all these developments...I wonder how many of the Legacy auto brands are having their “ohhhhhh SHIIIITT” moments yet 😅😂
All but one. :)
I think they've all had those moments a while back but just are not allowed to say it.
Another one.
Previous one was at Tesla’s investors day.
More and more cities are closing their streets for ice-cars in Europe: they are still allowed to be sold, but the usability decreases…
@@hanswitvliet8188 Cutoff of Russian Oil helps too.
None because EVs suck
Great job on the video!
I am in the USA..l gave up on getting a newly designed Prius to replace my 2013 Prius V….between mark up over MSRP and no guarantees I’d receive a car as I ordered it, buying a Toyota was just to damn painful…I bought a new BMW X1…for just a few thousand over a Prius LTD AWD…I’ll have it in June as ordered…
Sorry but what is the new rule in China that will ban the sale of ICE cars ‘in a few months’. There is nothing to that effect that I could find on the internet. In fact China’s ban on new ICE cars seems to be closely aligned with other countries…2035 generally and 2030 for Hainan
Agreed. Please show your source.
@@movewithkarim1173 They're hiking the emissions requirements so that pure ICE won't meet them; hybrids can.
After 3 years not coming to China, I was completely blown away with the EVs that are on the road. Is almost like every single vehicle, especially commerciaones are all EVs. Designs are great and comfortable. Coming from Toronto, I felt like I'm in a different world visiting Shenzhen China, crazy.
So what ? You know the reason ? Because they have huge discounts in sales plus government gives huge help to people who want to buy one
Ha Ha Ha. Yes. Once you have been to China, you see how backward Canada is now. Toronto subway is like an old underground public toilet.
@@myleshagar9722 Love or hate the CCP, big Chinese cities are going to leave all NA cities in the dust. While we, the West, argue about everything, keeping the society essentially in a standstill, they just forge ahead. I bought a small bottle of hand cream yesterday and asked for a receipt. Instead of running to the cashier to print me one, she said scan this QR code on her hand scanner and whola, within not even 2 sec, a full receipt popped up on my phone
Very clear n truthful presentation, well done.
Thanks for watching
I owned o 86 Honda civic...what a fabulous car it was...it went 300,000 mile....I expected Honda too be a leader in the ev race....What a disappointment Honda has turned out to be..........
They are not discounting anything. They are overpriced and inflation is killing the middle-class.
Have to second that. These dealer mega mark-ups of tens of thousands don't help either
Living in China the past 14 yrs , it's abundantly clear all around you , that Chinese EV's are leading by a long way....they are everywhere. It's easy to spot EV's as they are given a green number plate. They are everywhere. Recently in the past year , driving to work you can see 1 in about 6 is an EV in larger cities.
And they are going to build lots of new coal fired power plants to power those "emission-free" scam-mobiles.
As my Lexus turns 400000 miles without any major service. your asking what is so special about Japanese cars? I've owned a Tesla. After many service problems and headaches. Take a guess what my next new car is going to be?
I'm ready to buy a Toyota Sienna at MSRP right now but no one in DC metro area will sell them at MSRP. I've been waiting for over a year. All the Siennas come in pre sold with several thousand market adjustment or add ons
Same here, in Toronto. Fxxk Toyota, let them go flop. They deserve it.
Someone said it's like people trying to sell CD players in the age of MP3 downloads. The era of combustion cars is over, the only question will be when.
We are nowhere near that point yet. EV sales are going to fall flat on its' face and it's because they are far too expensive and charging them is a joke. Here in Canada there is little charging points and if you're lucky you can get a level 2 charger installed, likely only a 40A charger at best as there are no houses built or being built with a big enough supply wire to connect to a charger. Electrics are in a bubble, it's gonna pop and I hope it takes that segment right out. Electrics are not the future.
Totally agree with William, the reliability, range in cold and charging is a joke, but they do have a rather large cult behind them made out of people that are blind to any shortcomings and disadvantages they might have. They truly do live in a Buble. Who knows...
@@williamkelley7654 A 40 amp charger adds 42 miles per hour to a Tesla Model 3 battery. Most days, for most people, that means charging for 1.5 to 2.5 hours a few times per week.
40 amps is what most water heaters and heat pumps can utilize.
Electric ovens and hot tubs use 50 amps.
If your home can't handle using just 40 amps for an electric vehicle programmed to charge after midnight for a couple of hours, then it would seem that you have an electric panel that hasn't been changed in over 100 years.
You haven't lived long enough. I've seen this EV fad/craze come and go a few times over the decades. It's just a money grab. If they were serious about it, we'd already have EV's under $20K for regular people but they can't be produced for that. If "new energy" was real and viable it would need ZERO government support. The market would decide, but since they can't exist without taxpayer monies then they will be nothing more than toys for the rich and/or ignorant self-righteous snobs. Once governments find something else to pontificate on, they'll move on from EV's and they will shrivel up and go away as they always have.
Hybrids are the best solution as middle of the road usually is and they are most suited to cities, since majority of city slickers don't have a home to put a charger in like D. Vader trumpets in his comment.
Where is electricity going to come from?
New viewer here. It was hard to understand what point you are trying to make with this video. At the start, you said a new law is coming which will make it hard to sell the cars, but didn't elaborate any further. What is the law? You then didn't explain why foriegn brands are struggling to sell NEVS in China. The sales data was interesting, but there was no investigation or speculation on why this was happening. Not really sure what the point of this video was.
Agreed. Please show your source. Otherwise it's all empty words.
我是中国人，我可以告诉你这不是即将出台的法律，而是已经确定的，它即将在7月1日开始实施，我们一般称之为“国6b”，比如在这个新的标准下，燃油车每公里排放的一氧化碳不可以超过500毫克，我不清楚在欧洲和美国是什么标准，但这导致大多数燃油车在中国不符合标准，比如在我家附近的雪铁龙4s店，c6的价格已经降至11.5w人民币，我的父亲一直很喜欢那辆车，但是因为价格的原因他在前年选择了比亚迪qin，现在包括大众，宝马，丰田，在内的数十家厂商都在进行降价销售，这大概在两个月前就发生了，但是从销售数据上看byd、nio、xpeng等电动汽车仍然在快速增长，对于很多中国年轻人来说他们更愿意买一辆电动车而不是燃油车，因为相同价格下有着更好的加速性能，还有低的多的使用成本，我住的城市电费0.55人民币每度，但是92号汽油的价格是7.7人民币每升
@@user-nf2hz2bt4w wow that's a huge difference in the cost of fuels. Also on China EVs have more perks
@@teklife 是的，在中国的未来，电动或混动汽车将替代燃油车，除了一些思想封建的老人，他们对燃油车有一种“信仰”，他们更喜欢燃油车启动时颤动的感觉以及发动机的轰鸣声（我更愿意称之为噪音），但这些老人掌握了大量的社会财富，这让燃油车在中国很难被完全取代，我觉得十年后中国可能只剩下几个燃油车的豪华品牌，像奔驰、宝马、法拉利和保时捷。中国的电动车将吃下绝大部分日本汽车的市场份额
Wow! Shocking! But you called this quite a long time ago.
EVs (made by the more desired brands such as VW, Tesla, Volvo, etc) have been unaffordable to people outside of the upper+ middle class population. So, EV prices need to come down if automakers expect to meet their sales target. And... for countries outside of China, more need to be done to increase charging infrastructure in capacity, e.g., in condominiums, grocery and retail spaces, between towns/cities, etc.
The EV market died in Sweden after the new government took away subsidies.
The Chinese subsidies ended as well. Instead of the ev industry dead. A horde of ev company start an assualt across the globe except 2 islands called USA and Canada
Yes and this will happen all over the world 😊
Isn't "dying" a bit exaggerated? PEVs in Sweden still have a market share over 50%, both in January and February this year.
See it the other way round: even with EV-subsidies cut, ICE-cars are dying.
EV has won, ICE becomes a niche. They are cheaper to manufacture, cheaper to operate and exhaust less NOx and CO2, even when electricity comes from coal.
And rare materials can be recycled, while petrol is gone forever.
@@luxedemoon Sales died after Swedish government took away the subsidiaries. Only government buys cars now. Due to EU decision yesterday to ban sales of ICE cars, it makes no difference any longer. Stupid politicians played right into the hands of greedy billionaires pushing fake human climate change policies. Social liberals in charge must know this because it creates a lot of poverty in the world and they nee poor people to have political power. Unfortunately uneducated people can't see through the billionaire media smoke screen and greedily vote for small handout from politicians rather then create wealth for themselves. Understand that the only thing a billionaire can't buy is privacy in public places. They have to stay in their private properties, flying in private jets to hotel accommodations that are the same fake reality everywhere. They can't really see the real world. But if humanity drastically gets reduced they will have more opportunity to have a richer mental life. This is the answer to why we have fake news, fake conflicts and fake vaccines. The largest extermination and wealth transfer in human history to a few select opportunists.
Polestar 3 even with the 30K discount is more than 50K. Still WAY too much for mass market sales.
over 100k in Sweden lol, crazy times
Thanks!
Welcome!
More good news. N.B. none of these are built in the UK.
There was a war between Capital and Labour. Capital won and Labour now cannot afford the products of Capital.
(This is why Henry Ford gave his workers more money; so that they could afford his cars.)
Two simultaneous effects will happen:-
1) Capital will make stuff for other Capital. (Thinks; Spacex)
2) Labour will organize, not into Unions, but into Guilds, in self-defence.
The Chinese automakers now have a better product than the legacy ones and the numbers don’t lie
That's basically it in a nutshell
When the subsidies for EV's stop , so will the sales.
Consumers will decide the future , not car makers and governments.
AMAZING JOB!
I think we should be careful what we wish for…..mass bankruptcy across OEMs all at once and all the companies supplying them can lead to catastrophic economic repercussions for us all….don’t get me wrong I drive an EV but I don’t want to see macroeconomic destruction which will have bad consequences for all of us….it needs to be a gradual transition….I don’t like what I am hearing and I am not so happy about it like many are….again be careful for what you wish for…
They are all going to have to be parked in the desert at those airplane graveyards.
It will be required that wings are installed on them first.
I ordered the new Lexus NX last May, I didn’t hear a word till new year (ETA July 2023), while the Model Y ordered in Oct got delivered in March 31st. Cancelled the Lexus order.
Thanks
Welcome
Manufacturers have brought it all on themselves. They build overly complex cars with very high price tags and are unaffordable. Electrics are unaffordable for the vast majority of the market. I cannot thing of an industry that needs a major wake up call than the auto sector. It may hurt the economy some, but watching some of them crash and burn would not bother me in the least. I'll keep my 2010 on the road at all costs for as long as possible.
This is the automobile market these days - BUILD BIGGER AND BIGGER AND BIGGER SUVs AND PICKUP TRUCKS! PICKUPS CROSSOVERS AND SUVS! FUCK CARS & FUCK ECONOMY CARS!
In the US, if you aren't in California, EVs are tough to own as infrastructure is very scarce
@@StonerSomething yeah, you can pay more than the price of gasoline and charge it in a parking lot at the grocery store but that's about it
You mean not everybody has electricity in their homes?
@@teklife dumbA. Of course. But If you only have one car then that means all your trips have to be tethered to your house.
True
Question: how many public charging stations, and separate ports, are in the USA?
Answer: 50,000 stations, and 130,000 ports.
So, define "very scarce".
This is the best news yet.
Vehicles are getting super expensive and people do not want to waste money. People need water and food more than another new car. Why buy a new vehicle when your old vehicle is fine? 😂
Why not show us the news report about the new emission regulation from the Chinese govt? Then we can also judge/gauge the impact and agree with you (or not).
It is obtainable with regular hybrid and phev. But challenge to pure ice
The genuine supply chain crimp caused people to re-evaluate their car buying. Many just decided to keep their older but perfectly good cars and keep the money for other stuff. The “must-have-a-new-car-every-three-years” bubble has burst. On top of that buyers have moved on. They want what Tesla offers. Engines are last century.
Sure. Go offroading. Drive the Western mountains. Drive in cold weather. Your thinking is unicorn dreams.
Oh dear how sad. No not really this is down to hubris. THANKS SAM !!!! I’ve not forgotten your wife I’m praying for her.
We are seeing a new generation of auto manufacturers emerging. Has happened in the past. Remember the rise of Toyoda, Honda etc.
"Honda blames racism for their lack of sales"
It's not even like these companies are holding on to the edge of a cliff and grabbing at anything they can to stay up, they've already fallen and whatever their already-dead body hits is used as an excuse 😂
That public accusation seems counterproductive to car sales … Let’s see how calling your customers racists works out as a marketing approach
They are trying to get republicans to buy hondas
@@James6874 amen...
"Racism, sexism, Putin, the environment". The Neoliberal sham media's key random buzzword inserts used to justify their corruption and incompetence.
I wonder how many horse-drawn carriages and wagons there were in inventory when the internal combustion engine took over?
Was a different time. Pretty certain there was no inventory and all carriages were made as build-to-order. So, a service really, that slowly dried up.
One of the biggest difference in the horse-car transition than the ice-ev transition is that it was market-driven. I don’t recall reading in my history book that the government issued a decree that in, say 10 years, no one would be allowed to buy a horse. Once cars became affordable and reliable people started buying them to replace horses. There was no need for a government subsidy or deadlines to force the change.
@@dcinpa1134 Good point.
@@dcinpa1134 We own an ICE and an electric car. The EV is mainly for short distances and daily driving, the conventional car for long distances. Nevertheless, the running cost of the conventional car are about ten times higher than the cost for the EV due to gas price, more maintenance cost, etc. I will have to be very hard pressed to get an ICE car as my next ride just looking at the cost. And the battery technology is getting better every year! 400 kilometres on a charge is realistic now, and charging stations are popping up everywhere. The ICE is doomed, and only people who are wilfully ignorant of facts and/or ideologically blind cannot see this.
@@joergmaass I don’t think people are disputing these facts (ok, maybe some are definitely… lol). However, @dcinpa’s point is still valid. Personally, I can’t wait to own an EV - and will. But a lot of folks don’t want to be forced or coerced into the decision. I get that.
But when price parity hits (or is lower than ICE), you’ll see the masses changing their minds, real quick.
In the meantime, there are not enough cars in Miami dealer's lots 🤷♂️
Something wrong. In Canada waiting time to get new Toyota ( any model) 1.2-1.6 years.
Mazda-9 month, Subaru 12 month, etc. I am being waiting my order (Toyota ) for 6 month now.
Wouldn’t a difference in opinion between two countries like Japan and China be considered nationalism instead of racism? Both countries are in the region of Asia and most citizens of the two countries are of Asian descent.
Can't forget that the Japanese committed lots of atrocities in China in the buildup of and during WW2. I'm surprised he's saying the Chinese have an overall good opinion of them, I thought there'd be a lot more generational hatred.
If these numbers are correct, ICE vehicles built for the Chinese market are likely unsaleable in Europe or the US, and possible other countries due to not meeting required standards. The cost of "remanufacturing" the cars to get them to standard would be so significant to be possible only at a further loss. Meaning these are all destine for the scrapyard while still covered in predelivery plastic. Ouch!
In real estate, there is a price at which every property can eventually sell. I'm sure that's true with automobiles. They'll give them away in the end.
BS - Nobody in America wants EVs they are dead on arrival
@@matthewm7867 Maybe not in your Red neck of the woods...they seem to be flying out the showrooms in other states. Use the IRA rebates or miss out!
@@matthewm7867 if NOBODY in America wants EVs, then, EVERYBODY in America is a moron.
-an American who loves and wants EVs
March 6 to 12? It's only March 1. That week hasn't happened yet.
From the sales figures it is clear legacy auto sales are dead and this is 2023.
What about 2025, 2030?
Elon will just build a factor in Mexico, and expand Fremont.