You’d be crazy to buy an Chinese EV from a company that started making cars just a few years ago and may not exist in 2-3 years. Good luck with service and parts.
Also crazy to buy from a Chinese EV company that was recently caught employing sweatshop Chinese workers imported into Brazil, working and living in horrible inhuman conditions for extremely cheap wages. It's on the news.
The Brazilian goverment are actively investigating BYD and their treatment of Chinese workers found in ‘slavery-like conditions’, building a massive new factory in Brazil.
every major Chinese project in foreign countries use workers in slave-like conditions. A major chip plant being constucted in Phoenix Arizona couldn't get US workers to work 14 hour, 7 days a week so they brought workers from China to be their slaves
Yes i admit it, i did check the BYD website. But when digging deeper into the details, i found out that many the supply of spare parts is sometimes below 12 month. So we will have spare parts only from "independent" suppliers at a steadily price raise. (Like in the USA).
Small countries like New Zealand, with no vehicle industry to protect, have been happy to take electric cars partly paid for by the Chinese Government. However, with the USA and European sales slumping, the cars will get more expensive now due to reduced scale. And I have heard from a panel-beater friend that some Chinese brands that come in for accident repair are exhibiting rust in body seams at a very young age. This means they will have a shorter service life than we're used to achieving from Japanese and other vehicles in our relatively wet and humid coastal locations.
It will be very interesting in a decade from now, to see the experience of New Zealand, and ear what EV users have to say about reliability, durability and maintenance cost.
its not just protecting car industry. the chines goverment subsidise ALL of its industry... mainly steel. thats hurt all sectors of an industry and countering the chines subsdise is complitly justify.
Lol.... blatant misinformation. How did you "notice" people trading in their EV's... you live across from a car dealership? In 2023, these were the leading brands for sales Tesla Model Y: 23,088 units sold. Volkswagen ID.4: 6,614 units sold. Škoda Enyaq: 5,737 units sold. Toyota bZ4X: 5,395 units sold. Volvo XC40: 5,025 units sold. Out of 2.4 million total vehicles, there were 735,000 EVs of all brands. There are only 23,000-27,600 BYD cars in all of Norway. I don't find your comment credible.
I think the final graph you showed should be taken with a pinch of salt because it shows a spike in demand over the first half of the year and the fall has basically brought the demand level back to what it was before the spike. The spike was likely the result of car dealers expecting the tariffs to come in and increasing their purchases before the prices went up.
They can have whatever goal they want, in 10 to 15 years they will be almost irrelevant. Their population is collapsing, they're up to their eyeballs in debt and they've caused themselves to be ostracized by the west.
@@politics102 even if they can’t currently kill your vehicle, the software in models from at least 2005 have had GPS and manufacture connection for updates. All you’d have to do is send a signal to all vehicles thru the ECU to reprogram the way your vehicle works. Has nothing to do with Tesla.
10:15 The fact that Chinese car manufacturers have no conversion costs is because they do not need to convert as they do not manufacture diesel or petrol-powered cars. If you look at the traditional car manufacturers such as VW and MB etc. they have enormous investments in production facilities and development costs on products that are sold now. A fuel-efficient diesel that was developed in accordance with environmental legislation in the market that they are to be sold in was developed 10 years ago, these are costs that must be incurred now before you can invest in the next product. Furthermore, the Chinese car manufacturers have not had to develop much of the advanced technology that is in their cars that the traditional car manufacturers have, nor have they had to develop production technology they have just copied everyone else. If you are not familiar with automated production, you do not understand what it means to develop a new productionline when going from an old model to a new one. On top of that, Chinese car manufacturers receive help with the costs of establishing manufacturing facilities from the state, which traditional manufacturers do not. Car manufacturing is a high-tech industry with enormous costs for development and research and historically there has been a time window of 10 years to develop a new model with moderate innovations, while releasing a completely new radically different technology takes longer. Therefore, it is extremely important that the politicians, (EU) who decide the rules of the game for a market understand that a transition requires time and investment from society as well, it is not WV or BMW that will build the infrastructure. As it is now, an EU politician can spout wishful thinking about when we will have a fossil-free society without even having a basic understanding of the consequences. In addition, the future window is not large enough to decide with certainty what they should invest in, battery technology has its limitations and has an uncertain future, it is perhaps fuel cell technology that is the future or synthetic fuel or hybrid of different types of technology.
@@Fraet That massive profit was partly invested to develop the company and as I wrote earlier, the time window is about 10 years and 10 years ago it was not crystal clear which technology would be the future. Can you say which technology we should invest in that we will use in 10 years? Say that you are fully responsible at VW and you shall show the direction and in which VW should put its investments of about 10-50 billion EUR in? It's very easy to be wise afterwards, especially when you're not responsible for huge amounts of money and the future of a multinational company with 100,000 employees.
@@roberthansson9875 All good points. Add to that the fact that EVs are a political mandate, not a market driven demand, backed by politicians and anti-capitalist entities like the World Economic Forum. Although I have a personal liking for EVs I do not think they are "the answer", and I do not think the political pressure for them is anything but stupid. Just look at how politically motivated changes in power generation are working out in Europe. They are at the mercy of the weather, and in spite of what some believe, we do not control the weather. As a result, tremendous power generation costs, and power shortages are coming.
@@rwizard It is as you write that switching to EV is a political decision and not a market-driven decision, but here in Sweden, the previous government, the Greens and Social Democrats, raised taxes on gasoline and diesel so that the average citizen could not afford to fill up the car at the same time as subsidizing electric car purchases, so there was a market demand. I am lucky that I can get a so-called benefit car through my company and the next car purchase in about 1 year will be an electric car and then probably a VW GTX ID7 Touring for two reasons. 1. I personally think it seems to be the best car for me. 2. For political reasons, most people at the company buy Tesla, I personally have a hard time with Musk and the car is manufactured in China, I want to benefit European industry.
Just bought a RAV4 hybrid. First Toyota I've ever owned. We have a RAM Charger (hybrid pickup) on order for next year whenever they get them on the market. We are staying away from Chinese makes. My sister bought a new Lada in 1980. It didn't last long on Canadian winter roads.
Be mindful with that hybrid battery. Our Mini/BMW battery had a fault with one of the modules and it cost the warranty company £5,115 to repair with only 2 months left on the manufacture warranty. The electric components are silly money to fix. We’re waiting for the collapse of the EV madness before looking at another new car.
...where are the Chinese electric cars in Europe? ...I don't see them on the streets. ...in one year I only saw one Chinese MG electric car in Lisbon and one BYD in Paris, where are the others?
@@sumdude4281 it's not so much tariffs (at least up till recently), it is more lack of dealerships and parts, which in turn vastly increase insurance premiums. MG has been doing well in the UK, because they took over the old MG dealership network and have parts on hand, while BYD seems to be struggling to get a start as there is only a handful of dealerships spread around the country.
@@footballuniverse6522 ...Spain and Italy are the countries in Europe where the least electric cars are sold. In Italy, in 2024, BYD will not be among the top 10 electric car brands, sales of BYD cars are residual, the best-selling electric car brand in Italy is TESLA. You can buy any car you like, but when buying a Chinese electric car you have to take into account that this car has probably been stored for almost two years and the batteries may be almost dead. The models of Chinese cars change on average every 6 months when you buy your Chinese car the model you bought will disappear in 6 months and you will have difficulty finding replacement parts ... for this reason the mandatory insurance you will pay will be 5x more expensive than for a car manufactured outside of China. Good luck with your Chinese car!
Joe: Have you seen the vast fields of brand new Chinese EVs that are just built to boost production numbers? Have you seen the piles of these things building up in ports due to lack of sales? The entire Chinese EV “takeover” is a sham.
@ I travel the busiest highway in my country. Daily. Never seen a China car. Not one. Zip. Zero. Zilch. Even the rich Chinese diaspora here don’t buy them! Surely they could afford it huh? Truth hurts, but no in meaningful numbers is buying there. 🤷♂️
The Europeans and other markets are very naive. It appears they didnt learn any lessons from the collapse of their mobile phone industries and electronics industries. The prosperity of Europeans is under threat from these free market policies
I'm no fan of China and its politics. But I am seeing a repeat of the past here. While there are differences, this current Chinese EV issue reminds me of how the US and many governments in Europe reacted to Japanese cars in the 70's and 80's. And we ended up with Toyota outselling everyone else.
as of last week, BYD and SAIC have been aggressively pricing EV's in the UK, SAIC dropping the price of the entry level MG EV to 20K GBP and BYD offering PCP at 259 GBP PCM
The MG pricing is because they are clearing old model inventory, they have a new model launching in April that will replace both the MG5 and ZS. They are aggressively clearing out old stock. I won't complain, I snagged myself one of the last top of the range MG5's with 13k discount :) They have been especially aggressive on the MG5, as they have decided they don't want estate cars in the lineup anymore, they don't sell as well as SUV's.
I own a Tesla, and I have a deposit on the solar/electric Aptera. So I like electric vehicles, HOWEVER, I also have gasoline (petrol) vehicles I would never want to give up. And while an electric suits my daily needs just fine, I'm retired, and I don't have to travel all over hauling kids or working a job. Also, I'm afraid electric trucks are still a bit of a joke. I have an enclosed utility trailer, and I'll never haul that with an electric, at least not for more than a very short distance. Even a little aggressive driving makes a difference in power consumption, hauling a trailer will use up your charge in a hurry. Most of all, I will never own a Chinese vehicle as long as there is a US alternative. Anyone who doesn't understand why should start watching "China Uncensored", and "The China Show". Want to get a cheap organ transplant in China? The organ probably came from a political prisoner who was murdered because they were a good transplant match for you. And that is just one of the many reasons to avoid Chinese products as much as you can. Jobs at home also matter. And the fact that China wants to dominate all of us politically as well as economically is also worth contemplating. Finally, Chinese cars are catching fire or otherwise self destructing almost as fast as they make them - you'd think they were being built by Stelantis.
I have nothing against EV:s, but what I am against is the politicians forcing them on us with mandates and insane fines towards companies not fulfilling the EV-ratios.
Very well said, I completely agree. Also if they were really interested in a widespread adoption they should ease investment in R&D, not give subsidies to produce and buy inefficient products.
@@gOtze1337 Yes, I would never buy an EV today because of bad range, lack of charging stations etc. But I accept that there are people willing to make those sacrifices who might want an EV. But forcing our own car companies to go bust because they are heavily fined, need to pay Tesla for emission rights etc, that is nothing short of insanity. All we do is lose our jobs, income and profits while lining the pockets of Musk and the Chinese competitors
The main problem with EVs is real-world range. While it looks great on paper, it only works if you drive the car alone, on a flat surface, at a constant speed, and at optimal temperatures. Any deviation from this ideal significantly reduces the range. Another problem is charging, although there are already charging stations around most highways, in regional and small towns you will only come across one or two slow chargers if you are really lucky. For most people, an EV is simply something they could use to commute to work if they have the option to charge at home or at work, for others, just commuting to work is a utopia. And for long trips, trips to nature, etc., they would have to have a second vehicle, which again lacks meaning because it is simpler and cheaper to have one vehicle that can handle everything.
We always drive our Tesla on long trips. Average of 290 miles on a full charge at 75 mph (EPA 330). So take a 30 minute break every 3 1/2 hours of driving. IE eat a meal. So, if I charge once while driving 290 X 2 = 580
The EV charging infrastructure is constantly growing and will keep up with demand and governments will subsidize this infrastructure. This applies to all new technologies - just look at cellular service, there are cell towers everywhere and it started with a few in urban areas. The first cell phone call was April 3 1973 at Motorola.
@@JohnJay-yd9hrBasicaly nobody around here drives that slow and your calculation is based on perfect conditions (battery will be at optimal temperature to allow maximum charging speed, there will be a 250 kW DC charger along the way and it will actually be allowed to charge at maximum speed, etc.). When this perfect scenario doest happen than what? In your final destination doest need to be a public charger at all or there can be just a slow one so you will be stuck there for several hours.
@@danieltikusis5239 Do not even try to compare EVs to other new technologies. The vast majority of new technologies were adopted without any government subsidizing, we do not buy newer phones cause the government subsidizes them lol. EV´s are like a black hole for money, governments across the globe spend absurdly stupid amounts of money in subsidizing car manufacturers to produce electric cars which the majority of customers don't want, car manufacturers themself were forced to spend a stupid amount of money into the development of electric vehicles, which resulted in both lower profits for shareholders and artificially increasing the prices of conventional vehicles. Another huge sum of money went to charging infrastructure, which both the state and car companies financed. But with the development of charging infrastructure, considerable investments are also necessary in the distribution system, where the regulator simply raises prices so everyone pays. So no, EVs are not a natural progress, in their current form they are just an artificially created socialist construct.
I like the one Penguin that didn't go in; "No man, it's cold." The other; "We live in the arctic, of course its cold." Goes in, comes out, "Told you." "SHUT UP!"
Chinese branded EV are booming not crashing. Look at Australia. It's European and Japanese companies that are crashing. Looking at VW closing 3 factories in Germany laying off 35,000. And likely 100,000 in mid-small sized companies that supply VW with parts. Then look at Nissan about to go bankrupt before the Japanese govt forced a Honda/Nissan merger. But in both Honda and Toyota are about to exit from it's biggest car market China.
News for you, the have an electric drive train, the motor just powers a generator to charge the battery and continue driving, on that same electric drive train.
@@mariachiingles2348how? Unless it is a plug in hybrid, which are less common now, you aren't going anywhere without gas, so the OP stands. It also cooks the numbers in regard to EV sales if you are counting even plug-in hybrids.
Joe You are one of the very few people who tell about Chinese EVs as they are instead of regurgitating whatever propaganda the CCP spits out. Another excellent video!
Hundreds of thousands of Chinese EVs have sat idle in big lots...some for almost 3 years. The batteries in them are decaying...and will go bad before the cars are paid off 😮
As an EV owner (here in Europe) - can I say the phrase “growing EV market” must be treated with great caution - 2 huge limiters on wide scale adoption of EVs are: lack of an extremely comprehensive public charging network in many European countries and the absence of any plan to scale up electricity generation - in the medium term - so as to provide all the extra electricity needed to power the millions upon millions EVs the green lobby envisage being on our roads by say, 2035. So - and this is coming from an EV owner - and not a “dyed in the wool” ICE car owner - the “wonderful EV party” - to which you all are invited to join - is not happening anytime soon - and irrespective of tariffs by the EU or the US - China has seriously miscalculated the levels of demand - in the near to medium future - that will exist in the West for its EVs - good luck to the Chinese and their internal market for EVs - certainly cities such as Beijing will greatly benefit from the much cleaner air that can be expected from the widespread adoption of EVs !!!
China might actually increase the electricity production considering they also produce a massive amount of solar panels. Solar panels which also, of course, are heavily tariffed in EU.
its not looking good in Australia. Horse for courses. Look at the insurance, resale value are just things two to consider. Ask yourself would you buy a second hand battery from someone? Car dealers don't want them.
Chinese EVs are not safe enough to be on the road. IMO. They spontaneously combust, even brand new, on the car carrier bringing them to the showroom. Around 10 BYD showrooms have burnt down. Chinese do not allow them to be parked in underground parking.
Electric batteries all have the potential to catch fire. How about Electric Vehicles are a Hot Commodity for a title? I dont like the way Crash was employed here. It was used as clickbait.
You are not correct with this. The BYDs famous for catching fire are the old hybrids with pouch cells as their battery. However since about 2021 BYD EVs and later, hybrids, have the BYD "Blade" batteries with LFP chemistry are class leading in terms of safety
Here we see the limits of macro-economic analyses, especially based on data supplied by governments. Gross sales numbers, whether by units or in monetary terms, do not provide much useful information. It is only when the costs of production are taken into account that useful economic conclusions can be drawn. Are these numbers even comparable? Are these sales actual retail (final user) amounts, or are they wholesale (dealer purchases)? By all estimates, EVs are not selling well at all. Are these really final, or are these units sitting in dealers' inventories gathering dust? Many unanswered questions.
EV’s not selling well is a western publication story as western car companies are struggling to sell their EVs. This doesn’t apply to the Chinese car manufacturers and Tesla. There will be about a 20% growth in EV sales this year
Funny that Elon said a few years ago "I believe you are buying an appreciating asset, not a depreciating asset" when talking about Teslas. He lied there too....is he ever truthful on anything? I have yet to see it
In the early 70s when Datsun came to Canada Japan wanted to sell them for about a thousand dollar each but the auto industry made the government double the price as the VW beetle was going for about 1800. So this is nothing new.
@@nerfherder4284 thats an internal issue for the cinese govt to sort out it has nothing to do with other countries anymore than us china telling the us what to do.
Here in the US companies get all kinds of incentives to build their factories. We have lost many industries to cheaper foreign countries without trying to stop that. Now we have a union that has priced the workers out of the foreign market crying fowl. So if I want a cheaper EV I can't get it without paying double. Thanks politicians.
Great channel but I don't appreciate the vague and clickbaity title that Chinese electric cars are "crashing". They aren't selling well which is very different than something wrong with them that is causing them to crash into things.
Somewhere, one of my subscribed channels told it's audience, that YT more or less pressures the creators to make "clickbaity titles" as they call themselves an "entertainment platform"(*). When you look closely, this kind of video titles are more apparent with the political/economical videos (inclluding price comparison videos) than in DIY/creative videos like music/art/crafts et all That said, every creator has their own set of "sensational" word in their titles. (*) I believe, it was the "Roads with Belle" (former Roads with Beau) in one of the Q&A videos. Take care - Europe 🌷
I assumed that sales were crashing, not the vehicles itself. Joe talks about economics not car physics and operations. It is Joe Bloggs, not What Car or Parkers Guide.
Most countries have done away with freebies ( tax payer subsidies) only reason these things are even in the market currently is because the manufacturers are getting fines if they don’t sell a certain percentage of EV’s. On top of that the taxes for driving g them being introduced . IMO the taxes beee to be higher 😊 I wouldn’t touch an EV even with one of those special fire lances or the containment containers these things need when they catch on fire
Well that is the USA and UK 🙄 One commenter told me that Tesla is superior because it can use over something like 27000 charging stations in the USA. For comparison here in the Europe we can use over 800000 stations and the amount is increasing.
In a completely different manner, if you check out China uncensored, you would see a sheer amount of waste. imagine feels filled with electric vehicles just to get money from the Chinese government. Their videos on TH-cam with people showing you super cheap poorly made suspension components that you can just bend with pliers and this is what your control arms made out of. When it comes to subsidizing, the Chinese government is essentially paying these companies, backing 100% to gain market share. Yes the US gives you tax credit but these tax credits are not 100% paying for the vehicle.
The methods of subsidies that the USA uses are in EV charging infrastructure, loans for battery manufacturing and customer tax breaks. Compare that to what the Chinese EV manufacturers are getting and come to your own conclusions.
The point is that China is a geopolitical adversary that hate our ways of life. Their market is almost completely closed off. So yes, huge tariffs or a complete ban on anything Chinese that we want to.
There are FIELDS full of HUNDREDS OF THOUSANDS of cars built to govt quotas, which they will never sell, though the figures all count to the aggregate. Heavily govt subsidised and hardly a comparison. What a joke
there's some truth to it but it's a really small percentage of the produced cars. If you go to chinese big cities and nearby asian countries, you will see how many chinese electric vehicles are on the streets for yourself.
@@QingeatonYugoslavia bought a car model from Fiat, so they had something to produce themselves after the USSR fell. So a junky car made by a former communist state 😂...doomed.
Today's big American car companies can either adapt or expire. EVs have 3 times the efficiency of internal combustion engine powered cars and the ICE cars are at a dead end technologically.
@ws6002 A true believer, no doubt. You must be one of those who fell for the nonsense and now bristles when your purchase is judged to be an economic disaster. Have the EV fairies informed you yet of where the electricity for your wet dream will come from? BWAAAAAAAHAHAHA...
China had 300 EV manufacturers, and they all received subsidies from the government. They didn’t have to sell the EV‘s to get paid. Facing mounting debt to Chinese government told the companies that they needed to export the EV’s in order to get paid. That is why you are seeing an uptake in exports. Many of these companies, don’t expect to sell their cards in Europe, but it doesn’t matter because they have already been paid.
It's obvious that the Chinese EV thing is a malicious CCP power grab, and a deliberate underhanded attack on Western manufacturing. They're not selling cheap EVs to us out of the goodness of their hearts.
so what its their issue id bet youd jump up in down if they started to tell us how to run things theirs plenty of curruption around the world no country is free of it
C'mon, Joe, you know a 100% tariff doesn't instantly double the SALE price of anything. The cost becomes prohibitive to the EXPORTER long before it trickles down to the end-user. The market will force a correction that's STILL more likely to affect the producer the most.
Our country, the U.S.A., also subsidizes its vehicle manufacturers. Almost every country that makes cars does so to help their citizens have employment.
Is the USA exporting its cars to China? German automakers have a lokalised production in China so are the Americans and the Japanese. So the idea that they should be allowed to import into Europe and American without tariffs is a joke
@@funkibudentertainment3689 alot of them are made or partially made in china. even things like BMWs large amounts are made in china shipped to other countries and like alot of US supposedly made cars are assembled in the US.. so made in is now assembled in if you look . go pull a vehicle apart and youll see next to nothing is made in the US. Apple stuff is the same.. cellphones and pretty well anything you buy in a store has a large component amounts thats not made in the US. If China wanted to wreck the US they could easily by refusing to supply the US or other countries your stores supply would suddenly drastically drop and it would take years to set up manufacturing at way way higher costs. . its reality the US like most countries sold their souls so to speak for cheaper goods made by cheap as labor from overseas asian countries. you cant have it both ways
@@williamshaneblyth you are wrong on ' if China wanted to wreck....' See it is in Chinas interest to not wreck anything since massive manufacturing jobs and hence livelihoods depends on these exports to Europe and America. It is because of these wreck mentality Europe and America are looking to diversify their supply chains to minimise these risks
I am betting you have bought a Japanese car at some point in your life. The Japanese car companies came into the US market and devastated the big 3 in the 1970's. Today's American car companies will either adopt or expire.
That's well and good as far as it goes, but AU has 6.14% of the population that the EU has. And with the distances involved in travelling between cities down there, I don't think an EV will suit as much of the population as in the EU.
And so what. We have no Car manufacturing left to protect, the Liberals saw to that ( and it might have been a good thing). If China wants to subsidize your vehicle purchase, take advantage of the subsidy,
Thats because Albo is bending over backwards to please China and allowing all these unknown brands to come into AU. The more of rubbish people buy the higher the occurrence of fires.
@@ArKritz84 No the EV doesn't suit all driving conditions in Australia. But people like Mark Llewellyn of the fully charged show flatly refuse to listen. In Brisbane he had some show where he said EV sales in Australia are going to go through the roof. But he's obviously never been to the more remote regions of any state on the mainland where there's not one EV to be seen. The diesel 4x4 twin cab rules out there not his beloved EV.
Incentives have done their job. Tesla started to make a profit in 2021, BYD in 2022 and three additional Chinese manufacturers now make a profit. Moores law, for manufacturing, doubling of manufacturing reduces the cost by 20%. You have these top five manufacturers producing between 2 million and 4 million EVs a year. Legacy auto is under 100k. If EVs are a thing, legacy auto is in major trouble.
The UK is in Europe / Part of Europe but not the EU (Brexit) and has not imposed HUGH TARIFFS on vehicles from China.. Just a small but important point.
That includes Norway, Switzerland and Iceland, which are even smaller points. Not to mention the western Balkans, Association Trio (Georgia, Moldova and Ukraine) and Turkey.
Chinese vehicles are far ahead of US, European and Japanese. In particular, Chinese batteries are leaps and bounds ahead of those from other manufacturers. That is why Chinese BEVs are beating out the US, European and Japanese. The US and EU authorities are simply trying to protect their failing car industries with these tarriffs. You should watch The Electric Viking, who had been following the EV revolution for some time, and the Chinese EV industry in particular. It's an eye opener.
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@@randallstephens1680 Consumers may "benefit", especially if they don't mind it rusting in 3 years, or being spied on by the CCP. But China flooding the UK car market with EVs is clearly a malicious attack by the Chinese side on British industry as China seeks to build a global empire to bully and dominate us.
The UK will fail on its target of EV's as it's simply not cheap enough for the majority of Joe Public, even with badly built Chinese EV cars which are hard to insure and repair (They want you to buy a new one instead), the humble horse and Cart got replaced by ICE vehicles because it was cheaper and more reliable, EV's haven't overcome any of its hurdles as yet Price/ Range or Quick Charging/ Home Charging/ On Road Charging/ Better Battery Tech.!?!
There is a rather nebulous term used in the report: 'electric vehicles'. What constitutes an electric vehicle? Living in California, USA, I would expect a large volume of Chinese car brands on the road, but alas, only American made Teslas. That leaves millions of electric bikes and scooters, that are exempt from motor vehicle registration and laws, to be the majority of these electric vehicles. The other variable not considered with Chinese cars is vehicle safety. 1) Do they comply with windshield, bumper, and crash impact standards? 2) would anyone with common sense drive one of these vehicles on Los Angeles streets and not think they weren't Kamikaze candidates? These factors affect all EVs resulting in a serious drop in EV sales irrespective of vehicle origin. Due to the higher prices of these vehicles and a lack of service facilities, most vehicles are either leased for 2-3 years or purchased by wealthy owners. As some point, these vehicles will end up in toxic waste dump.
And like the mugs we are, the UK Gov welcomes them in with open arms and zero tariffs, because they are grappling for anything to help them enforce the craziness of Net Zero! Perhaps the European car makers will just pull out of the UK because of unfair pricing? Then it will be everything Electric, everything Chinese! Plenty of roadside firework displays then!
To charge the EV batteries in China, China continues to build coal powered plants. So far China has 1,100 coal powered plants and they continue to add new plants to the tune of 50 per year (approximately) for the last 10 years. The USA has 200 coal fired plants and closing plants each year. So, how is China going to charge the millions of new EV's sold in China? Yep...coal fired plants. And if the rest of the world follows the EV-mania in China, the rest of the world will need to build coal or nuclear plants. There's not enough renewable power for the projected number of EV's. The other conclusion is that the EV revolution will slow down and EV's will serve a market segment, and governments will be forced to cancel EV mandates as well as build more power plants, not just renewable/unreliable energy sources.
@@sumdude4281 Cost. It needs a huge amount of resources to build one. Some believe it becomes profitable after 40 years and other say longer. A long time to wait to recover cost of building a plant.
In China, solar energy is expanding more rapidly than coal power. Solar Energy Growth: Installed Capacity: In 2023, China added 216 gigawatts (GW) of solar photovoltaic (PV) capacity, marking a 55% increase from the previous year. Source: S&P GLOBAL Future Projections: China's cumulative solar PV capacity is expected to exceed 700 GW by 2024 and approach 900 GW by the end of 2025. Source: RYSTAD ENERGY Coal Power Growth: New Capacity: In 2023, China initiated construction on approximately 70.2 GW of new coal-fired power capacity. Source: CARBON BRIEF Permitting Trends: In the first half of 2024, China approved 9 GW of new coal plant capacity, an 83% decrease compared to the same period in 2023. Source: REUTERS In summary, While China continues to develop both solar and coal power, the growth rate of solar energy significantly outpaces that of coal. While they are building coal plants, the rate per year is declining.
They're building a lot of solar, wind and nuclear plants as well. Europe is closing coal plants. But even so: Even if an EV is powered by coal plant energy, it is still less polluting than an ICE !
Yer a bit behind the news, EV sales are slowing down worldwide as more people are realizing there's not enough infrastructure out there to support EVs en masse.
Too soon for EVs. But Hybrids are a good option. When Solod State Batteries are available for mass production, with eChargers in all Gas Stations, then it makes sense to move to EVs
I don't think the Chinese EV market is crashing. I think it's the US and Europe car manufacturers that are in trouble. We want cheaper cars and China can supply that, but I'm not 100% sure about quality.
@healthygrowth7760 I think the EV he is referring to, is the mix bag of unsellable cars from plastic producer's turned automaker. Not even Chinese will buy them. We showed them how to make good car and copyrights a town is Russia we Know. European (Germany) and US automakers are losing market in China. Jeep is totally out now. Subsidies is the political plan to kill the western auto industries and takeover the brands and factories they invested in. I don't know if they are going to succee, tariffs are coming. But Chinese EV's are going to be flooding the market the next couple of years. Byd is giving headache to Tesla and they apparently use slave labor, kind of subsidiaries too. China don't play by the rules and we do and that means expensive cars. Japanese and Korean car industry will be gone completely very soon. I'm going to hold unto my old cars and see what's going to happen. The average new car is overpriced by what 10 thousand.
Nobody in Europe and Asia wants to buy American cars, and in Asia the only European cars people want to buy are Mercs, BMW and Audi. America wouldn't be able to sell any cars to anyone without anti-competitive practices. Of course America could try to compete by making better cars at better prices, but why bother when the industry is protected by import tariffs?
I think that Japan which did not try to double the competitors prices but instead invest in manufacturing will come out ahead. Because if someone tries to *shaft* Japan with random economic lingo to justify protectionism again, the trade war will not be pretty.
Life is a lot more complicated than shown in this video. The problems of the European car industry are not only due to cheap Chinese imports. There are high energy prices (made worse by the Ukraine war and the closing of Germany's nuclear power plants), high wages, high taxes and production inefficiencies. Also, is it so bad if the Chinese government feels like subsidizing European electric car ownership? Do governments in Europe not want to accelerate electric car ownership in Europe?
China should be faced with the same conditions that foreign investors were faced with when they wanted to sell on the Chinese market, when car manufacturers and other manufacturers had to set up production in China in order to sell there. In addition, they demanded a 51% ownership share in the Chinese production, so if the Chinese want to sell cars on the EU market, they should be manufactured in the EU, not in Hungary because, as everyone understands, this is to create division within the EU.
I want a car with a 400-mile range regardless of weather, a 10 minute charge, charging stations as ubiquitous as gas stations, and a electrical infrstructure capable of carrying the power. Until then, I'll stick with my ICE car.
The average working man cannot afford net zero or European EVs. The average cost of an EV made in Europe is £37,000. For Europe to go EV will require Chinese EV cars that are affordable. The European makers like VW, BMW, Renault, Fiat are going to close or reduce their costs to compete with China. The alternative is the continue production of ICE cars.
Ive owned hyundai, bmw , mercs and fords and my byd seal is the best car ive owned . Cost 57k aud done 20k this year have solar on my roof and cost me about 500$ to charge it. The quality of the seal is why i bought it over the tesla. People will say byd are rubbish but they supply the batteries to chinese teslas.
I would like to agree with you but.....my Chevy Volt died at 89G and my Equinox gas had oil coming out of the top gasket at 70G. Bought a Ford Explorer last year. Great for the first 14 G. Now seriously looking at a full EV. Looking for options other than Tesla.
What the governments need to start focusing on is the data sovereignty issues and vehicle control potentially residing in an ‘unfriendly’ jurisdiction.
You’d be crazy to buy an Chinese EV from a company that started making cars just a few years ago and may not exist in 2-3 years. Good luck with service and parts.
Good point. Service and dealership is very important. I ride bikes, and looked at a Moto Guzzi. But no dealers in my area.
Ehem...Cybertruck.
They said the same about Tesla, especially legacy oem's CEO's, their crying for help now.
Oh, you mean Tesla!
Also crazy to buy from a Chinese EV company that was recently caught employing sweatshop Chinese workers imported into Brazil, working and living in horrible inhuman conditions for extremely cheap wages. It's on the news.
The Brazilian goverment are actively investigating BYD and their treatment of Chinese workers found in ‘slavery-like conditions’, building a massive new factory in Brazil.
Nah i guess not.Governament say that to became well see but Lula actually loves autocracies
Like in the favelas?
I wonder if the story is actually true.
I would love to have a vehicle. But the price of insurance forget it
every major Chinese project in foreign countries use workers in slave-like conditions. A major chip plant being constucted in Phoenix Arizona couldn't get US workers to work 14 hour, 7 days a week so they brought workers from China to be their slaves
I get my daily dose of ‘this chart shows’. Good work Joe.
Yes i admit it, i did check the BYD website. But when digging deeper into the details, i found out that many the supply of spare parts is sometimes below 12 month. So we will have spare parts only from "independent" suppliers at a steadily price raise. (Like in the USA).
Small countries like New Zealand, with no vehicle industry to protect, have been happy to take electric cars partly paid for by the Chinese Government. However, with the USA and European sales slumping, the cars will get more expensive now due to reduced scale. And I have heard from a panel-beater friend that some Chinese brands that come in for accident repair are exhibiting rust in body seams at a very young age. This means they will have a shorter service life than we're used to achieving from Japanese and other vehicles in our relatively wet and humid coastal locations.
The opposite of environmental care. We should point out the hypocrisy of all who drive these cars.
It will be very interesting in a decade from now, to see the experience of New Zealand, and ear what EV users have to say about reliability, durability and maintenance cost.
its not just protecting car industry. the chines goverment subsidise ALL of its industry... mainly steel. thats hurt all sectors of an industry and countering the chines subsdise is complitly justify.
We have seen a Haval with rusted driver floor here in Melbourne, can't be legally repaired so it was written off. Less than a year old.
@@brianmac1 I have no idea about the US but European sales are not slumping. Haven't got the 2024 figures yet but, in 2023, BEVs were up 37%.
I've noticed many people in the Netherlands trading in their Chinese EVs after just a year or two. It seems they aren't satisfied with them.
The batteries don't live up to the promises made.
did you?
It's too flat
Wonder why?
Lol.... blatant misinformation. How did you "notice" people trading in their EV's... you live across from a car dealership?
In 2023, these were the leading brands for sales
Tesla Model Y: 23,088 units sold.
Volkswagen ID.4: 6,614 units sold.
Škoda Enyaq: 5,737 units sold.
Toyota bZ4X: 5,395 units sold.
Volvo XC40: 5,025 units sold.
Out of 2.4 million total vehicles, there were 735,000 EVs of all brands.
There are only 23,000-27,600 BYD cars in all of Norway.
I don't find your comment credible.
I think the final graph you showed should be taken with a pinch of salt because it shows a spike in demand over the first half of the year and the fall has basically brought the demand level back to what it was before the spike. The spike was likely the result of car dealers expecting the tariffs to come in and increasing their purchases before the prices went up.
China’s goal is to dominate vehicle manufacturing.
And to dominate the world
Yes, they'll likely make 60% plus of the global auto within a few years.
@@MoneyMastery-YTchanneldon't be foolish. China doesn't do empire building, that's we Europeans and Americans, obviously.
They can have whatever goal they want, in 10 to 15 years they will be almost irrelevant.
Their population is collapsing, they're up to their eyeballs in debt and they've caused themselves to be ostracized by the west.
@@onetwothreefour-s1n With or without cameras?
It’s not ok that all these companies can just gain access to your car without your permission.. technology has gone too far.
Same with cell phones or credit card accounts
Pick one that can't. Not all electric cars are Teslas.
@@politics102 even if they can’t currently kill your vehicle, the software in models from at least 2005 have had GPS and manufacture connection for updates. All you’d have to do is send a signal to all vehicles thru the ECU to reprogram the way your vehicle works. Has nothing to do with Tesla.
@@enoughofthis True, but this is MUCH worse seeing as a car can end you.
Sadly, it's happening in the ICE cars too.
10:15 The fact that Chinese car manufacturers have no conversion costs is because they do not need to convert as they do not manufacture diesel or petrol-powered cars.
If you look at the traditional car manufacturers such as VW and MB etc. they have enormous investments in production facilities and development costs on products that are sold now.
A fuel-efficient diesel that was developed in accordance with environmental legislation in the market that they are to be sold in was developed 10 years ago, these are costs that must be incurred now before you can invest in the next product.
Furthermore, the Chinese car manufacturers have not had to develop much of the advanced technology that is in their cars that the traditional car manufacturers have, nor have they had to develop production technology they have just copied everyone else.
If you are not familiar with automated production, you do not understand what it means to develop a new productionline when going from an old model to a new one.
On top of that, Chinese car manufacturers receive help with the costs of establishing manufacturing facilities from the state, which traditional manufacturers do not.
Car manufacturing is a high-tech industry with enormous costs for development and research and historically there has been a time window of 10 years to develop a new model with moderate innovations, while releasing a completely new radically different technology takes longer.
Therefore, it is extremely important that the politicians, (EU) who decide the rules of the game for a market understand that a transition requires time and investment from society as well, it is not WV or BMW that will build the infrastructure.
As it is now, an EU politician can spout wishful thinking about when we will have a fossil-free society without even having a basic understanding of the consequences.
In addition, the future window is not large enough to decide with certainty what they should invest in, battery technology has its limitations and has an uncertain future, it is perhaps fuel cell technology that is the future or synthetic fuel or hybrid of different types of technology.
You know what else Chinese car manufacturers don't have? A history of massive profits. The fact that the Europeans didn't invest in EVs is on them.
@@Fraet That massive profit was partly invested to develop the company and as I wrote earlier, the time window is about 10 years and 10 years ago it was not crystal clear which technology would be the future.
Can you say which technology we should invest in that we will use in 10 years?
Say that you are fully responsible at VW and you shall show the direction and in which VW should put its investments of about 10-50 billion EUR in?
It's very easy to be wise afterwards, especially when you're not responsible for huge amounts of money and the future of a multinational company with 100,000 employees.
@@roberthansson9875 All good points. Add to that the fact that EVs are a political mandate, not a market driven demand, backed by politicians and anti-capitalist entities like the World Economic Forum. Although I have a personal liking for EVs I do not think they are "the answer", and I do not think the political pressure for them is anything but stupid. Just look at how politically motivated changes in power generation are working out in Europe. They are at the mercy of the weather, and in spite of what some believe, we do not control the weather. As a result, tremendous power generation costs, and power shortages are coming.
@@rwizard It is as you write that switching to EV is a political decision and not a market-driven decision, but here in Sweden, the previous government, the Greens and Social Democrats, raised taxes on gasoline and diesel so that the average citizen could not afford to fill up the car at the same time as subsidizing electric car purchases, so there was a market demand.
I am lucky that I can get a so-called benefit car through my company and the next car purchase in about 1 year will be an electric car and then probably a VW GTX ID7 Touring for two reasons.
1. I personally think it seems to be the best car for me.
2. For political reasons, most people at the company buy Tesla, I personally have a hard time with Musk and the car is manufactured in China, I want to benefit European industry.
They do make regular cars. Most of BY d's cars are hybrids, and they also make some regular gas cars.
They actually make not that many electric cars
Just bought a RAV4 hybrid. First Toyota I've ever owned. We have a RAM Charger (hybrid pickup) on order for next year whenever they get them on the market. We are staying away from Chinese makes. My sister bought a new Lada in 1980. It didn't last long on Canadian winter roads.
Be mindful with that hybrid battery. Our Mini/BMW battery had a fault with one of the modules and it cost the warranty company £5,115 to repair with only 2 months left on the manufacture warranty. The electric components are silly money to fix. We’re waiting for the collapse of the EV madness before looking at another new car.
The cars aren’t crashing. The title is misleading. Sales are crashing
Its typical TH-camr click bait.
You really didn't got the title?
What is crashing? The cars? Or the sales? He did not document a single wreck. Just sales.
That's misleading too
Lol
Don be shy say it !😂 Dumping ! Same thing they did with solar panels, steel.
...where are the Chinese electric cars in Europe? ...I don't see them on the streets.
...in one year I only saw one Chinese MG electric car in Lisbon and one BYD in Paris, where are the others?
i saw a few BYDs here in northern italy and they are opening dealerships all around... im considering one of their cars myself, the seal-u dmi
Bunch in Thailand. Also, you don't see them in EU b/c...tariffs.
@@sumdude4281 it's not so much tariffs (at least up till recently), it is more lack of dealerships and parts, which in turn vastly increase insurance premiums. MG has been doing well in the UK, because they took over the old MG dealership network and have parts on hand, while BYD seems to be struggling to get a start as there is only a handful of dealerships spread around the country.
Quite a lot in Australia
@@footballuniverse6522 ...Spain and Italy are the countries in Europe where the least electric cars are sold. In Italy, in 2024, BYD will not be among the top 10 electric car brands, sales of BYD cars are residual, the best-selling electric car brand in Italy is TESLA.
You can buy any car you like, but when buying a Chinese electric car you have to take into account that this car has probably been stored for almost two years and the batteries may be almost dead. The models of Chinese cars change on average every 6 months when you buy your Chinese car the model you bought will disappear in 6 months and you will have difficulty finding replacement parts ... for this reason the mandatory insurance you will pay will be 5x more expensive than for a car manufactured outside of China.
Good luck with your Chinese car!
Joe: Have you seen the vast fields of brand new Chinese EVs that are just built to boost production numbers? Have you seen the piles of these things building up in ports due to lack of sales? The entire Chinese EV “takeover” is a sham.
Joe is talking about cars sold, not cars built.
@ Either way: China lies about everything. One would be very safe in assuming the situation is much worse than the Chinese are willing to admit. 🤷♂️
Either that or you can be photo shopped into believing anything...
@ I travel the busiest highway in my country. Daily. Never seen a China car. Not one. Zip. Zero. Zilch.
Even the rich Chinese diaspora here don’t buy them! Surely they could afford it huh?
Truth hurts, but no in meaningful numbers is buying there. 🤷♂️
Wumaos are panic deleting comments. 🤦♂️
Most interesting! Great again
Thanks Joe
Yes, I enjoyed today's video
thx for the update
The Europeans and other markets are very naive. It appears they didnt learn any lessons from the collapse of their mobile phone industries and electronics industries. The prosperity of Europeans is under threat from these free market policies
How is applying massive tariffs a free market policy? It just forces poor Europeans to pay more for their cars.
@@gpsfinancial6988 yes we are happy to pay more to safeguard jobs and livelihoods in Europe and not China or anywhere else
I'm no fan of China and its politics. But I am seeing a repeat of the past here. While there are differences, this current Chinese EV issue reminds me of how the US and many governments in Europe reacted to Japanese cars in the 70's and 80's. And we ended up with Toyota outselling everyone else.
That chart with BYD includes Hybrids. As of now, Tesla is beating BYD in total EV's sold. (by a small margin)
as of last week, BYD and SAIC have been aggressively pricing EV's in the UK, SAIC dropping the price of the entry level MG EV to 20K GBP and BYD offering PCP at 259 GBP PCM
The MG pricing is because they are clearing old model inventory, they have a new model launching in April that will replace both the MG5 and ZS. They are aggressively clearing out old stock. I won't complain, I snagged myself one of the last top of the range MG5's with 13k discount :)
They have been especially aggressive on the MG5, as they have decided they don't want estate cars in the lineup anymore, they don't sell as well as SUV's.
I own a Tesla, and I have a deposit on the solar/electric Aptera. So I like electric vehicles, HOWEVER, I also have gasoline (petrol) vehicles I would never want to give up. And while an electric suits my daily needs just fine, I'm retired, and I don't have to travel all over hauling kids or working a job. Also, I'm afraid electric trucks are still a bit of a joke. I have an enclosed utility trailer, and I'll never haul that with an electric, at least not for more than a very short distance. Even a little aggressive driving makes a difference in power consumption, hauling a trailer will use up your charge in a hurry. Most of all, I will never own a Chinese vehicle as long as there is a US alternative. Anyone who doesn't understand why should start watching "China Uncensored", and "The China Show". Want to get a cheap organ transplant in China? The organ probably came from a political prisoner who was murdered because they were a good transplant match for you. And that is just one of the many reasons to avoid Chinese products as much as you can. Jobs at home also matter. And the fact that China wants to dominate all of us politically as well as economically is also worth contemplating. Finally, Chinese cars are catching fire or otherwise self destructing almost as fast as they make them - you'd think they were being built by Stelantis.
Elon gets loads of Chinese subsidies as well, not sure if you were aware
Nice that you are that wealthy
Thanks for your clear explanation! China is not to be trusted.
@akeleven even his dog has an internet pedigree
Well said n I share china uncensored with my friends to help spread the truth.
I have nothing against EV:s, but what I am against is the politicians forcing them on us with mandates and insane fines towards companies not fulfilling the EV-ratios.
Agree, and as long Electricity is not fully made Carbon free, all the Effort to increase EV's on the Road is just token.
Very well said, I completely agree. Also if they were really interested in a widespread adoption they should ease investment in R&D, not give subsidies to produce and buy inefficient products.
@@gOtze1337 Yes, I would never buy an EV today because of bad range, lack of charging stations etc. But I accept that there are people willing to make those sacrifices who might want an EV. But forcing our own car companies to go bust because they are heavily fined, need to pay Tesla for emission rights etc, that is nothing short of insanity. All we do is lose our jobs, income and profits while lining the pockets of Musk and the Chinese competitors
Exactly. South Africa is being flooded now with this rubbish.
Its corruption whenever the gov mandates
The main problem with EVs is real-world range. While it looks great on paper, it only works if you drive the car alone, on a flat surface, at a constant speed, and at optimal temperatures. Any deviation from this ideal significantly reduces the range.
Another problem is charging, although there are already charging stations around most highways, in regional and small towns you will only come across one or two slow chargers if you are really lucky.
For most people, an EV is simply something they could use to commute to work if they have the option to charge at home or at work, for others, just commuting to work is a utopia. And for long trips, trips to nature, etc., they would have to have a second vehicle, which again lacks meaning because it is simpler and cheaper to have one vehicle that can handle everything.
I think you are somewhat out of date with your figures.
We always drive our Tesla on long trips. Average of 290 miles on a full charge at 75 mph (EPA 330). So take a 30 minute break every 3 1/2 hours of driving. IE eat a meal. So, if I charge once while driving 290 X 2 = 580
The EV charging infrastructure is constantly growing and will keep up with demand and governments will subsidize this infrastructure. This applies to all new technologies - just look at cellular service, there are cell towers everywhere and it started with a few in urban areas. The first cell phone call was April 3 1973 at Motorola.
@@JohnJay-yd9hrBasicaly nobody around here drives that slow and your calculation is based on perfect conditions (battery will be at optimal temperature to allow maximum charging speed, there will be a 250 kW DC charger along the way and it will actually be allowed to charge at maximum speed, etc.). When this perfect scenario doest happen than what? In your final destination doest need to be a public charger at all or there can be just a slow one so you will be stuck there for several hours.
@@danieltikusis5239 Do not even try to compare EVs to other new technologies. The vast majority of new technologies were adopted without any government subsidizing, we do not buy newer phones cause the government subsidizes them lol. EV´s are like a black hole for money, governments across the globe spend absurdly stupid amounts of money in subsidizing car manufacturers to produce electric cars which the majority of customers don't want, car manufacturers themself were forced to spend a stupid amount of money into the development of electric vehicles, which resulted in both lower profits for shareholders and artificially increasing the prices of conventional vehicles. Another huge sum of money went to charging infrastructure, which both the state and car companies financed. But with the development of charging infrastructure, considerable investments are also necessary in the distribution system, where the regulator simply raises prices so everyone pays.
So no, EVs are not a natural progress, in their current form they are just an artificially created socialist construct.
I like the one Penguin that didn't go in; "No man, it's cold."
The other; "We live in the arctic, of course its cold."
Goes in, comes out, "Told you."
"SHUT UP!"
Penguins in the arctic?
@@ianb9028 lion is king of the jungle too, so why not?
Thanks Joe. Love your work.
Xi isn't going to like this. Pretty quiet in the comments section.... Guess the trolls are still getting their talking points ready .....
Chinese branded EV are booming not crashing. Look at Australia. It's European and Japanese companies that are crashing. Looking at VW closing 3 factories in Germany laying off 35,000. And likely 100,000 in mid-small sized companies that supply VW with parts. Then look at Nissan about to go bankrupt before the Japanese govt forced a Honda/Nissan merger. But in both Honda and Toyota are about to exit from it's biggest car market China.
You are clearly including hybrids. Pure hybrids are powered by petrol, they are not electric.
?
News for you, the have an electric drive train, the motor just powers a generator to charge the battery and continue driving, on that same electric drive train.
You're slightly clueless about hybrid vehicles, mate.
@@mariachiingles2348how? Unless it is a plug in hybrid, which are less common now, you aren't going anywhere without gas, so the OP stands. It also cooks the numbers in regard to EV sales if you are counting even plug-in hybrids.
@@michaelkeudel8770explain how they aren't powered by gas?
I have a 7.5 litre Buick , does 12 miles per gallon on a good day !
Wow! You must be proud of that?
@@DemRizzoI would be
It’s fine if you only drive it a few hundred miles a year
Joe
You are one of the very few people who tell about Chinese EVs as they are instead of regurgitating whatever propaganda the CCP spits out. Another excellent video!
Hundreds of thousands of Chinese EVs have sat idle in big lots...some for almost 3 years. The batteries in them are decaying...and will go bad before the cars are paid off 😮
Not true at all. Utter BS.
You have been watching China Observe havent you?
These were produced before petrol/gasoline was kicked out.
@@memrjohnnoyes..battery cars waste of cash...ice cars are the future guys
Not true at all. This has been debunked long time.
Thanks for posting this video.
As an EV owner (here in Europe) - can I say the phrase “growing EV market” must be treated with great caution - 2 huge limiters on wide scale adoption of EVs are: lack of an extremely comprehensive public charging network in many European countries and the absence of any plan to scale up electricity generation - in the medium term - so as to provide all the extra electricity needed to power the millions upon millions EVs the green lobby envisage being on our roads by say, 2035. So - and this is coming from an EV owner - and not a “dyed in the wool” ICE car owner - the “wonderful EV party” - to which you all are invited to join - is not happening anytime soon - and irrespective of tariffs by the EU or the US - China has seriously miscalculated the levels of demand - in the near to medium future - that will exist in the West for its EVs - good luck to the Chinese and their internal market for EVs - certainly cities such as Beijing will greatly benefit from the much cleaner air that can be expected from the widespread adoption of EVs !!!
China might actually increase the electricity production considering they also produce a massive amount of solar panels. Solar panels which also, of course, are heavily tariffed in EU.
Well said
Oh my goodness. Are you speaking common sense? Forbid the thought.
There's plenty of electricity now and in future. The guys from the grid have worked it out.
its not looking good in Australia. Horse for courses. Look at the insurance, resale value are just things two to consider. Ask yourself would you buy a second hand battery from someone? Car dealers don't want them.
Its the instant combustion part, that i am more concerned with
Excellent, as always! Thanks Joe!! Slava Ukraine 🇺🇦!!!
Chinese EVs are not safe enough to be on the road. IMO. They spontaneously combust, even brand new, on the car carrier bringing them to the showroom. Around 10 BYD showrooms have burnt down. Chinese do not allow them to be parked in underground parking.
Which showrooms?
And Tesla don’t lol. My Tesla caught on fire at the dealers !
Electric batteries all have the potential to catch fire. How about Electric Vehicles are a Hot Commodity for a title? I dont like the way Crash was employed here. It was used as clickbait.
@@steveknight878 The showrooms in his bedroom.
You are not correct with this. The BYDs famous for catching fire are the old hybrids with pouch cells as their battery. However since about 2021 BYD EVs and later, hybrids, have the BYD "Blade" batteries with LFP chemistry are class leading in terms of safety
Good one as always❤
Here we see the limits of macro-economic analyses, especially based on data supplied by governments. Gross sales numbers, whether by units or in monetary terms, do not provide much useful information. It is only when the costs of production are taken into account that useful economic conclusions can be drawn.
Are these numbers even comparable? Are these sales actual retail (final user) amounts, or are they wholesale (dealer purchases)? By all estimates, EVs are not selling well at all. Are these really final, or are these units sitting in dealers' inventories gathering dust?
Many unanswered questions.
EV’s not selling well is a western publication story as western car companies are struggling to sell their EVs. This doesn’t apply to the Chinese car manufacturers and Tesla. There will be about a 20% growth in EV sales this year
I absolutely loved my Model 3, it was an amazing car, but the depreciation was horrendous, gone hybrid now.
Funny that Elon said a few years ago "I believe you are buying an appreciating asset, not a depreciating asset" when talking about Teslas. He lied there too....is he ever truthful on anything? I have yet to see it
Gas cars are at a technological dead end.
@@thoos192
Musk's prediction may have been fanciful, but it involved cars that have self driving solved.
In the early 70s when Datsun came to Canada Japan wanted to sell them for about a thousand dollar each but the auto industry made the government double the price as the VW beetle was going for about 1800. So this is nothing new.
Japan wasn't making cars and then pretending to sell them so they can park them in a field.
Datsun produced surplus vehicles, identifying the UK as a ready made supply due to Japan also being right hand drive. Hence extremely cheap imports.
@@nerfherder4284 thats an internal issue for the cinese govt to sort out it has nothing to do with other countries anymore than us china telling the us what to do.
Here in the US companies get all kinds of incentives to build their factories. We have lost many industries to cheaper foreign countries without trying to stop that. Now we have a union that has priced the workers out of the foreign market crying fowl. So if I want a cheaper EV I can't get it without paying double. Thanks politicians.
US politicians serve their mega donors.
If I need a golf cart I will get one, but I will never buy a electric car and would rather ride a horse than buy a Chinese car.
I saw you with your horse and buggy!
@@ws6002 Wow, a donkey riding a horse carriage!
Amish?
What about a Chinese horse?
Great channel but I don't appreciate the vague and clickbaity title that Chinese electric cars are "crashing". They aren't selling well which is very different than something wrong with them that is causing them to crash into things.
Somewhere, one of my subscribed channels told it's audience, that YT more or less pressures the creators to make "clickbaity titles" as they call themselves an "entertainment platform"(*). When you look closely, this kind of video titles are more apparent with the political/economical videos (inclluding price comparison videos) than in DIY/creative videos like music/art/crafts et all
That said, every creator has their own set of "sensational" word in their titles.
(*) I believe, it was the "Roads with Belle" (former Roads with Beau) in one of the Q&A videos.
Take care - Europe 🌷
This should be like #1 rule of the internet: Grandiose adjectives mean nothing. Numbers mean everything.
All the TH-cam guys do that’To make it more interesting. I think it should not be allowed.They all lie.
There’s always one…
I assumed that sales were crashing, not the vehicles itself. Joe talks about economics not car physics and operations. It is Joe Bloggs, not What Car or Parkers Guide.
Most countries have done away with freebies ( tax payer subsidies) only reason these things are even in the market currently is because the manufacturers are getting fines if they don’t sell a certain percentage of EV’s.
On top of that the taxes for driving g them being introduced . IMO the taxes beee to be higher 😊
I wouldn’t touch an EV even with one of those special fire lances or the containment containers these things need when they catch on fire
Outlawing gasoline-powered vehicles -- if it actually happens -- will be a gigantic mistake. EVs will forever be a niche product.
At first I thought EVs were having a lot of accidents...
Nicely done. Though, it points to a hair raising future, as do all of the newest reporters.
Sales have crashed in the US……….
And the UK
They put up 100% tariffs to encourage americans who already don´t buy chinese EV´s
to continue not buying them
So far it is working🤣
Well that is the USA and UK 🙄 One commenter told me that Tesla is superior because it can use over something like 27000 charging stations in the USA. For comparison here in the Europe we can use over 800000 stations and the amount is increasing.
Sales of Chinese EVs are screaming ahead in Asia.
Sales in UK are increasing as a percentage of new cars.
Well said...
To be fair the US subsidizes EV sales too.
In a completely different manner, if you check out China uncensored, you would see a sheer amount of waste. imagine feels filled with electric vehicles just to get money from the Chinese government. Their videos on TH-cam with people showing you super cheap poorly made suspension components that you can just bend with pliers and this is what your control arms made out of. When it comes to subsidizing, the Chinese government is essentially paying these companies, backing 100% to gain market share. Yes the US gives you tax credit but these tax credits are not 100% paying for the vehicle.
That's not a fair comparison and you know it, stop with that.
The methods of subsidies that the USA uses are in EV charging infrastructure, loans for battery manufacturing and customer tax breaks. Compare that to what the Chinese EV manufacturers are getting and come to your own conclusions.
@@-Katastrophe Why is it not a fair comparison?
The point is that China is a geopolitical adversary that hate our ways of life. Their market is almost completely closed off. So yes, huge tariffs or a complete ban on anything Chinese that we want to.
Loved the penguins at the end!
Oh, I thought you were gonna say their cars were being involved in a lot of automobile accidents xD
A person should look into the air bag deployment in Chinese cars.
I have seen reports saying they fail to deploy at a high rate.
This channel is hilarious.
There are FIELDS full of HUNDREDS OF THOUSANDS of cars built to govt quotas, which they will never sell, though the figures all count to the aggregate. Heavily govt subsidised and hardly a comparison. What a joke
they are all diesel cars
I presume you have data to back that up?
there's some truth to it but it's a really small percentage of the produced cars. If you go to chinese big cities and nearby asian countries, you will see how many chinese electric vehicles are on the streets for yourself.
@@SuperEglehdiesel? What a crazy comment. You must be paid by Xi or Putin to make such a stupid statement. 🙃
Aren’t those ICE vehicles that are no longer viable in China?
I remember “La Car”. A French import tiny car from the 80’s. Yugo too… dang I’m old
😂😆
I remember the Yugo being junk. Never sat in or drove a le car.
@@QingeatonYugoslavia bought a car model from Fiat, so they had something to produce themselves after the USSR fell. So a junky car made by a former communist state 😂...doomed.
Was that the "La George" car mentioned in Seinfeld? 😂
Illegal and nonsensical mandates fulfilled by faulty technology and lousy services.
Today's big American car companies can either adapt or expire. EVs have 3 times the efficiency of internal combustion engine powered cars and the ICE cars are at a dead end technologically.
@ws6002 A true believer, no doubt. You must be one of those who fell for the nonsense and now bristles when your purchase is judged to be an economic disaster. Have the EV fairies informed you yet of where the electricity for your wet dream will come from? BWAAAAAAAHAHAHA...
Know this is not your arena but when you do a piece on China's EV s, please provide info about problems with them like fires?!
China had 300 EV manufacturers, and they all received subsidies from the government. They didn’t have to sell the EV‘s to get paid. Facing mounting debt to Chinese government told the companies that they needed to export the EV’s in order to get paid. That is why you are seeing an uptake in exports. Many of these companies, don’t expect to sell their cards in Europe, but it doesn’t matter because they have already been paid.
Evidence?
@@memrjohnno trust me bro. 😆🤣
Tells you all you need to know....300 EV 'manufacturers' 🤣
It's obvious that the Chinese EV thing is a malicious CCP power grab, and a deliberate underhanded attack on Western manufacturing. They're not selling cheap EVs to us out of the goodness of their hearts.
so what its their issue id bet youd jump up in down if they started to tell us how to run things theirs plenty of curruption around the world no country is free of it
Joe: for the Chinese imports to the EU you probably should remove the Tesla numbers - the fall into a different category: Chinese made but US owned.
I wonder how many of these new vehicles are sat in fields.
Millions
@@waynekerrr9027 untrue
Very few, whoever told you that they were thinks you are an idiot.
@@gpsfinancial6988 many millions
C'mon, Joe, you know a 100% tariff doesn't instantly double the SALE price of anything.
The cost becomes prohibitive to the EXPORTER long before it trickles down to the end-user.
The market will force a correction that's STILL more likely to affect the producer the most.
Our country, the U.S.A., also subsidizes its vehicle manufacturers. Almost every country that makes cars does so to help their citizens have employment.
These cars are unreliable junk. It will take some years of people getting on to the poor quality.
Is the USA exporting its cars to China? German automakers have a lokalised production in China so are the Americans and the Japanese. So the idea that they should be allowed to import into Europe and American without tariffs is a joke
@@funkibudentertainment3689 alot of them are made or partially made in china. even things like BMWs large amounts are made in china shipped to other countries and like alot of US supposedly made cars are assembled in the US.. so made in is now assembled in if you look . go pull a vehicle apart and youll see next to nothing is made in the US. Apple stuff is the same.. cellphones and pretty well anything you buy in a store has a large component amounts thats not made in the US. If China wanted to wreck the US they could easily by refusing to supply the US or other countries your stores supply would suddenly drastically drop and it would take years to set up manufacturing at way way higher costs. . its reality the US like most countries sold their souls so to speak for cheaper goods made by cheap as labor from overseas asian countries. you cant have it both ways
@@williamshaneblyth you are wrong on ' if China wanted to wreck....' See it is in Chinas interest to not wreck anything since massive manufacturing jobs and hence livelihoods depends on these exports to Europe and America. It is because of these wreck mentality Europe and America are looking to diversify their supply chains to minimise these risks
The most concerning is the safety of the batteries...
I'd rather walk than be forced to buy a Chinese made EV. I'd probably last longer too as they have lousy safety standards.
Not true at all.
I am betting you have bought a Japanese car at some point in your life. The Japanese car companies came into the US market and devastated the big 3 in the 1970's. Today's American car companies will either adopt or expire.
I'd rather walk then support Tesla Musk.
Nobody's asking you to buy *Chinese.*
Thank god we are slowly getting options other than Tesla and Chuna
I started driving EV's in 1987. They are different from IC cars, but I've never found a reason to regret my choice.
I take it you've never driven a Plaid.
did you work for a dairy and milk delivery company.. and have private use of your milk float
The EU is not alone. China is dumping these vehicles in Australia as fast as they can.
That's well and good as far as it goes, but AU has 6.14% of the population that the EU has. And with the distances involved in travelling between cities down there, I don't think an EV will suit as much of the population as in the EU.
And so what. We have no Car manufacturing left to protect, the Liberals saw to that ( and it might have been a good thing). If China wants to subsidize your vehicle purchase, take advantage of the subsidy,
Thats because Albo is bending over backwards to please China and allowing all these unknown brands to come into AU. The more of rubbish people buy the higher the occurrence of fires.
Everywhere in the world outside first world white folk countries like Europe and the USA belong to Chinese cars now. And not India of course.
@@ArKritz84 No the EV doesn't suit all driving conditions in Australia. But people like Mark Llewellyn of the fully charged show flatly refuse to listen. In Brisbane he had some show where he said EV sales in Australia are going to go through the roof. But he's obviously never been to the more remote regions of any state on the mainland where there's not one EV to be seen. The diesel 4x4 twin cab rules out there not his beloved EV.
EV's will not dominate the car market. People do not want unreliable tech.
Incentives have done their job. Tesla started to make a profit in 2021, BYD in 2022 and three additional Chinese manufacturers now make a profit. Moores law, for manufacturing, doubling of manufacturing reduces the cost by 20%. You have these top five manufacturers producing between 2 million and 4 million EVs a year. Legacy auto is under 100k. If EVs are a thing, legacy auto is in major trouble.
Moores law refers to something else
@ Like I said, a manufacturing “Moores” law. Like moores law, an observation that when you double production, you see a 20% reduction in costs.
The UK is in Europe / Part of Europe but not the EU (Brexit) and has not imposed HUGH TARIFFS on vehicles from China.. Just a small but important point.
That includes Norway, Switzerland and Iceland, which are even smaller points. Not to mention the western Balkans, Association Trio (Georgia, Moldova and Ukraine) and Turkey.
I hear teslas are crashing too, just not in the same way. 😂
Chinese vehicles are far ahead of US, European and Japanese.
In particular, Chinese batteries are leaps and bounds ahead of those from other manufacturers.
That is why Chinese BEVs are beating out the US, European and Japanese.
The US and EU authorities are simply trying to protect their failing car industries with these tarriffs.
You should watch The Electric Viking, who had been following the EV revolution for some time, and the Chinese EV industry in particular.
It's an eye opener.
He's good
Leaps and bound are what happens when the battery explodes. I'll never buy one.
Private buyers in most of Europe don't want EVs regardless of manufacturer
Evidence?
He has none. He just likes to type words
The sales figures indicate that you are wrong.
Most buyers in the USA have outright refused to buy them, even with Biden’s farce pushing with billions the Net Zero scam.
@@memrjohnno I dont want to buy an EV, and I am a private buyer in Europe. Could write an essay for why not in the context of the current EV status.
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The problem is they are flooding the UK market now, so Vauxhall is closing and Nissan is likely to close Sunderland plant.
The least of the UKs problems right now!
They're not flooding anyone if your fellow countrymen are more than willing to buy them.
@@randallstephens1680 Consumers may "benefit", especially if they don't mind it rusting in 3 years, or being spied on by the CCP. But China flooding the UK car market with EVs is clearly a malicious attack by the Chinese side on British industry as China seeks to build a global empire to bully and dominate us.
Eĺectric cars? The UK promotes this trend. I have aerious doubts. I wish that waa nnot so . The move from petrol is going to be happening.
The UK will fail on its target of EV's as it's simply not cheap enough for the majority of Joe Public, even with badly built Chinese EV cars which are hard to insure and repair (They want you to buy a new one instead), the humble horse and Cart got replaced by ICE vehicles because it was cheaper and more reliable, EV's haven't overcome any of its hurdles as yet Price/ Range or Quick Charging/ Home Charging/ On Road Charging/ Better Battery Tech.!?!
First we need safer batteries
@akeleven And an infrastructure to suppot them. We don't.
@@TomTomicMicVolvos are hard to insure?
The numbers are skewed. "Export" doesn't necessarily mean a sale. Many of these so called exports are sitting in huge lots in various countries.
There is a rather nebulous term used in the report: 'electric vehicles'. What constitutes an electric vehicle? Living in California, USA, I would expect a large volume of Chinese car brands on the road, but alas, only American made Teslas. That leaves millions of electric bikes and scooters, that are exempt from motor vehicle registration and laws, to be the majority of these electric vehicles. The other variable not considered with Chinese cars is vehicle safety. 1) Do they comply with windshield, bumper, and crash impact standards? 2) would anyone with common sense drive one of these vehicles on Los Angeles streets and not think they weren't Kamikaze candidates? These factors affect all EVs resulting in a serious drop in EV sales irrespective of vehicle origin. Due to the higher prices of these vehicles and a lack of service facilities, most vehicles are either leased for 2-3 years or purchased by wealthy owners. As some point, these vehicles will end up in toxic waste dump.
Just bought a Chinese vehicle without knowing it was Chinese at the time. Value is so much better than anything GM or Ford has.
And like the mugs we are, the UK Gov welcomes them in with open arms and zero tariffs, because they are grappling for anything to help them enforce the craziness of Net Zero!
Perhaps the European car makers will just pull out of the UK because of unfair pricing?
Then it will be everything Electric, everything Chinese!
Plenty of roadside firework displays then!
This is not Fully electric vehicles it includes hybrids & plugin hybrids.
@whowhy9023 Sales of EV’s and Hybrids are up every year. Do you even look at figures or just type what makes you feel good?
Getting an EV is the best thing I did. My biggest regret is not getting it sooner.
To charge the EV batteries in China, China continues to build coal powered plants. So far China has 1,100 coal powered plants and they continue to add new plants to the tune of 50 per year (approximately) for the last 10 years. The USA has 200 coal fired plants and closing plants each year. So, how is China going to charge the millions of new EV's sold in China? Yep...coal fired plants. And if the rest of the world follows the EV-mania in China, the rest of the world will need to build coal or nuclear plants. There's not enough renewable power for the projected number of EV's. The other conclusion is that the EV revolution will slow down and EV's will serve a market segment, and governments will be forced to cancel EV mandates as well as build more power plants, not just renewable/unreliable energy sources.
They will be making coal powered cars too, I for one think they will be very popular running on smokeless coke.
Serious and likely stupid question but they have access to nuclear power technology, why not use it? Is it fear or earthquakes?
@@sumdude4281 Cost. It needs a huge amount of resources to build one. Some believe it becomes profitable after 40 years and other say longer. A long time to wait to recover cost of building a plant.
In China, solar energy is expanding more rapidly than coal power.
Solar Energy Growth:
Installed Capacity: In 2023, China added 216 gigawatts (GW) of solar photovoltaic (PV) capacity, marking a 55% increase from the previous year.
Source: S&P GLOBAL
Future Projections: China's cumulative solar PV capacity is expected to exceed 700 GW by 2024 and approach 900 GW by the end of 2025.
Source: RYSTAD ENERGY
Coal Power Growth:
New Capacity: In 2023, China initiated construction on approximately 70.2 GW of new coal-fired power capacity.
Source: CARBON BRIEF
Permitting Trends: In the first half of 2024, China approved 9 GW of new coal plant capacity, an 83% decrease compared to the same period in 2023.
Source: REUTERS
In summary,
While China continues to develop both solar and coal power, the growth rate of solar energy significantly outpaces that of coal. While they are building coal plants, the rate per year is declining.
They're building a lot of solar, wind and nuclear plants as well. Europe is closing coal plants.
But even so: Even if an EV is powered by coal plant energy, it is still less polluting than an ICE !
Yer a bit behind the news, EV sales are slowing down worldwide as more people are realizing there's not enough infrastructure out there to support EVs en masse.
Too soon for EVs. But Hybrids are a good option.
When Solod State Batteries are available for mass production, with eChargers in all Gas Stations, then it makes sense to move to EVs
Considering Chinese manufacturers' tradition of cutting corners on _everything_, buying a Chinese EV is a brave choice.
I don't think the Chinese EV market is crashing. I think it's the US and Europe car manufacturers that are in trouble. We want cheaper cars and China can supply that, but I'm not 100% sure about quality.
If they are actually better like you are trying to say... why do they need so many subsidies?
@healthygrowth7760 I think the EV he is referring to, is the mix bag of unsellable cars from plastic producer's turned automaker. Not even Chinese will buy them. We showed them how to make good car and copyrights a town is Russia we Know. European (Germany) and US automakers are losing market in China. Jeep is totally out now. Subsidies is the political plan to kill the western auto industries and takeover the brands and factories they invested in. I don't know if they are going to succee, tariffs are coming. But Chinese EV's are going to be flooding the market the next couple of years. Byd is giving headache to Tesla and they apparently use slave labor, kind of subsidiaries too. China don't play by the rules and we do and that means expensive cars. Japanese and Korean car industry will be gone completely very soon. I'm going to hold unto my old cars and see what's going to happen. The average new car is overpriced by what 10 thousand.
China doesn't want a slice of the cake; China wants all of the cake - your birthday cake!
What crash?? Your clickbait headline isn't supported by your data.
Nobody in Europe and Asia wants to buy American cars, and in Asia the only European cars people want to buy are Mercs, BMW and Audi. America wouldn't be able to sell any cars to anyone without anti-competitive practices. Of course America could try to compete by making better cars at better prices, but why bother when the industry is protected by import tariffs?
American cars are rubbish.
I think that Japan which did not try to double the competitors prices but instead invest in manufacturing will come out ahead. Because if someone tries to *shaft* Japan with random economic lingo to justify protectionism again, the trade war will not be pretty.
Life is a lot more complicated than shown in this video. The problems of the European car industry are not only due to cheap Chinese imports. There are high energy prices (made worse by the Ukraine war and the closing of Germany's nuclear power plants), high wages, high taxes and production inefficiencies. Also, is it so bad if the Chinese government feels like subsidizing European electric car ownership? Do governments in Europe not want to accelerate electric car ownership in Europe?
Yep! Greta Thunberg convinced me to never buy an EV and always support Israel.
Why do you let a small teen girl control your life?
China should be faced with the same conditions that foreign investors were faced with when they wanted to sell on the Chinese market, when car manufacturers and other manufacturers had to set up production in China in order to sell there.
In addition, they demanded a 51% ownership share in the Chinese production, so if the Chinese want to sell cars on the EU market, they should be manufactured in the EU, not in Hungary because, as everyone understands, this is to create division within the EU.
I want a car with a 400-mile range regardless of weather, a 10 minute charge, charging stations as ubiquitous as gas stations, and a electrical infrstructure capable of carrying the power. Until then, I'll stick with my ICE car.
You'd get a nio and live in China then.
The average working man cannot afford net zero or European EVs. The average cost of an EV made in Europe is £37,000. For Europe to go EV will require Chinese EV cars that are affordable. The European makers like VW, BMW, Renault, Fiat are going to close or reduce their costs to compete with China. The alternative is the continue production of ICE cars.
ALL car manufacturers are subsidized.
Ive owned hyundai, bmw , mercs and fords and my byd seal is the best car ive owned . Cost 57k aud done 20k this year have solar on my roof and cost me about 500$ to charge it. The quality of the seal is why i bought it over the tesla. People will say byd are rubbish but they supply the batteries to chinese teslas.
All the people trying to sell EVs from the last 4 years will face realitym
The BYD numbers may also include hybrid vehicles as well as pure EVs
As with most tings Chinese made, cheap shite. Hardly built to last. Not a real comparison by any measure
I would like to agree with you but.....my Chevy Volt died at 89G and my Equinox gas had oil coming out of the top gasket at 70G. Bought a Ford Explorer last year. Great for the first 14 G. Now seriously looking at a full EV. Looking for options other than Tesla.
I think you need to look more closely at Chinese-made things. Some are not good, but their cars are very good.
What the governments need to start focusing on is the data sovereignty issues and vehicle control potentially residing in an ‘unfriendly’ jurisdiction.
THIS. Absolutely this. Owning a Chinese car or mobile phone is basically letting the Chinese government see your entire digital life.