🛠 What are the real human costs behind the recent EV layoffs? 📉 Mass EV Layoffs: The Untold Human Toll And Stories From The Frontline 👉 WATCH IT NOW HERE! th-cam.com/video/jtAAmpaDgAY/w-d-xo.html
I agree. I've been driving a BMW 530e for over 5 years and am planning to keep it for another 5 unless battery life starts to decline significantly sooner than I think likely, Though hybrid, admittedly it might depreciate a little faster than a gas-only guzzler (GOG), but probably, way less than a full-on BEV. In the meantime, it gets about twice the fuel economy of the equivalent-performance GOG, it's faster, quieter, cost less initially after federal and state rebates, and most importantly, in the meantime I have absolutely no range anxiety. None!. For many drivers who put on somewhat fewer daily miles than I do, it would have all the fuel economy advantages of a BEV, After 10 years of expected ownership, I believe depreciation, especially first-year depreciation, will be the absolute last of my reasons for updating to - you guessed it - another hybrid.
Rapid depreciation is bad news for sellers, but good news for buyers. A Nissan Leaf, for example, can be had for as little as $10,000. It doesn't have a lot of range, but that only matters on road trips. It is fine for driving to work and the grocery store.
Everything you said in the video is factually true. Nonetheless, for many people like myself, it is irrelevant. I don't buy a car as an investment. I buy it as a useful tool for transportation, and for the enjoyment of ownership. I will own and drive that car until it is worth more in scrap value than resale. How much it depreciates over the first 10 or 15 years doesn't matter to me, as long as it is a car that I like. (The car I drive now is 13 years old, I will drive it another few years.) That said, it was a well done presentation. I upvoted the video, and did *NOT* tell TH-cam to stop recommending your channel to me.😃
Who would pay 37k for your car when you can get a new one for 48k? Your valuation sounds absurd. Especially considering Tesla offers 2% interest rates financing on new cars and has significantly upgraded the Model 3.
@@MMM18092 Please tell me the current market rate for a privately sold one owner 2021 Model 3 Dual Motor Long Range in excellent condition with 53,000kms driven, where I live.
All cars depreciate, especially very high volume and substandard vehicles… This is great for those who want to take advantage and buy pre owned… It’s always been this way, it always will be, EV or not.
Just another add sponsored by the oil industry! I love my Bolt EUV! I havenrt purchased any gasoline since April when I put a few dollars worth in an old Blazer I just so I could move it out of the garage.
I agree with you! My father worked for GM/Chrysler and American Motors pushing cars onto dealers floors and lots! He drove several new vehicles a year from each manufacturer ( ranging from a Chrysler 300, a Hudson Hornet, a Nash Rambler wagon to an Oldsmobile coupe) and my mother picked up a new car depending on who he was employed by every year on the East Coast and drove back to Calif. with her 4 squabbling young boys dropping in on unsuspecting relatives on the way back home. My current vehicles include a 2022 BMW X3 m40i with approx. 8000 miles on it and a 2023 Hyundai Ioniq 6 Limited with 11,000 miles on it. ( you will notice that despite being newer the Hyundai has more miles on it!! I LOVE them both! The BMW is well designed and first off the line at an intersection in most cases the Hyundai Ioniq 6 is also first off the line in most cases, its handling/functionality, speed and 80% recharge in 18 minutes! are phenomenal! I have what I believe to be the best of both worlds in regards to ICE and EV's (and it's not a Tesla) The EV recharges overnight if needed or I will be able to use the Tesla charging system shortly as well as Electrify America!! Although EV's are relatively new you should expect a greater amount of depreciation as the legacy manufacturers establish and place their feet (tires and wheels on the ground!) It's time for the oil industry to wake up!! That includes a good number of politicians who are kissing their backsides!!
There are fantastic bargains to be had. I wish I could afford a Tesla 3. Even though they have fantastic reliability their value has sunk. Smart car drivers - especially those with garages or driveways where the car can be charged using cheap off-peak electricity overnight.
Greetings from the U.K. The price of a commodity is based on supply and demand. At present demand for cars, new and used is down. High interest rates, and a world of uncertainty make buyers shy of making such a big financial commitment. Here in the U.K., there are now many adverts for new cars at discount and 0% finance for petrol, diesel and electric models.
Great news about the depreciation, that means a lot of people who wouldn't normally be able to afford an EV, can get an excellent second hand one. My last 2 EV's were secondhand and great value. The first one was 9 years old when I sold it and is still going strong. My second one an ID5 had only 7k miles on the clock and really enjoying its energy economy. The software issue has been resolved and I am not experiencing any problems. So, I am all for their depreciation, as I intend to keep this one for a long time. By the way, the Leaf information on this video is a load of rubbish. You haven't heard of the long range Leaf 65kw, which suggests the rest of the information in this video could be wrong too.
In Singapore, it doesn't matter. We have to surrender our cars at 10 years, unless we pay to extend the usage. Therefore most ppl will change cars often anyway
Exactly! The Chinese EVs are priced lower in general and yet remain profitable. This shows other major car manufacturers especially US & European are pricing their EVs more exorbitantly. That’s why Elon Musk is so rich (on paper & with first mover advantage). Naturally the depreciation of EV is more than a comparable ICE car.
Leasing is the solution to depreciation. Most choose to lease a new EV rather than buy it. When you lease, you know exactly how much it is going to cost you each Month. The final lease payment will be the same as the first. There are no nasty depreciation shocks.
Most people drive used ICE cars that are affordable, reliable and economical, in the future when EVs will be mandatory, only people with money will own new cars. Many Americans work repairing and servicing ICE cars, when the government mandates EVs and bands ICE cars they will be without jobs.
Wait until the EV market matures then it will make sense to own one. Just think of like buying the 1st generation Toyota Prius vs. the new Prius now. There’s still a lot of room for improvement for EVs.
The depreciation is basically a reset that is starting to happen in the market. These cars had a huge mark up during pandemic and newer models are getting big discounts. The majority of the cara shown here are really good
Considering that the average car (ICE) depreciates 10% the min it is driven off the lot and a further 10-20% by year one (20-30% total), your first 5 vehicles fit that range. Low quality/price cars depreciate faster as do higher end cars, as you admit. In short, this video is a deepity.
Tesla will be coming out with EV’s at $10,000. The USA better be prepared to transition to EV’s. EV batteries expected to last 1.5 million miles. Charging will take 10 minutes. Will have a range of 600 to 800 miles.
So in most cases at least the better ones run only slightly higher than regular ice cars and trucks! The average first year according to auto associations 10% depreciation the second it's yours and 10-12 % additional by end of 1st year total 20-22% first year. Seems reasonable but I am pleasantly surprised by your report, I thought evs would be more given the constant rebates governments seem to provide and manufacturers rebates! Thank you for pointing out the bad ones however!
I don’t know WTF you guys are expect. ALL CARS are losing value all the time. EVs are improving quickly, dropping in cost, so the cost drops. They will DROP LIKE A FREAKING ROCK FOR NOW. Deal with it. Those who want the best don’t care.
I buy a new car and drive, and rive it to 200-300,000+ miles. Depreciation rate does not bother me. Cars are holes down which money disappears. Buy the best and us it.
Toyota bZ4X is a compliance car. They’re not yet ready for BEVs. They’re i to hybrids and plug-in hybrids. Toyota will go full swing with EVs when solid-state batteries arrive, which Toyota knows is the best type of battery for EVs, and lithium-ion batteries are not(compliance batteries).
Plenty ICE cars depreciate a lot in year one. Some EVs are well overpriced. Tesla cars have the possibility of being used as robotaxis. An owner potential for income for its owner. I’ll still have mine in 10 years.🇦🇺
Nice distortion job. The biggest cause of Tesla deflation is the reduced cost of production of Teslas at scale. A reduction that Tesla has done the unforgivable and passed along to the consumer. There is a limit to those cost reductions. Only when that limit is reached can you meaningfully compare Tesla depreciation to ICE vehicle depreciation.
Just another Dinosaur Naysayer. Doesn’t the name “Piston Pundit” tell you all about this post. People buy vehicles to use not as an investment and buy EV’s for the running costs and for a cleaner environment simple as that.
And you all thought EVs were all that? Now you get a hell of a lot less in return. This is the price you get for wanting to be apart of a trend. Go ahead, get another and loose our in the end instead of simply leaving well enough alone. My advice, deal with it...
Breaking news there are 3 million unsold ICE vehicles at dealerships in USA some including unsold 2023 year models! Why do you not talk about these stories.
all EV is losing value a lot, if you compared them to old combustion. except batt price is decreasing alot, more cheap that car then more value at percentage they lost
If you are used to cars that work and are happy with that, there is no reason to buy an electric car.Then of course you have to avoid French, Swedish and Chinese crap cars.
26% depreciation that very good that a real world drop of 6% wow wish more car tdid this well. You are joke with these figure . Audi etron where you gettingvthis figure from this must be usa where there is no verification of figures in the UK ok you 20% so you loose that pluse the 2k drlivery charge . So take those figure out looking at 47% There is no way you getting such low depreciation figure anything below 35% is exceptional Fact check does not bare you out .
Every car at price 40k loses value fast and EV are still not fully accepted. Majority still prefers IcE. So EV tend to lose more value compared to an ICE. If You are only looking at depreciation then dont buy a 40k car. Kust go with a Honda civic or a Corolla
🛠 What are the real human costs behind the recent EV layoffs?
📉 Mass EV Layoffs: The Untold Human Toll And Stories From The Frontline
👉 WATCH IT NOW HERE! th-cam.com/video/jtAAmpaDgAY/w-d-xo.html
@@PistonPundit nothing like ice slowdown. Honda closed five factories.
I buy a car to drive it. Not to sell it. We have been driving electric for 8 years now
@@jesperpedersen1388 nice!👍
Same Here: been driving electric for 9 years!
I agree. I've been driving a BMW 530e for over 5 years and am planning to keep it for another 5 unless battery life starts to decline significantly sooner than I think likely, Though hybrid, admittedly it might depreciate a little faster than a gas-only guzzler (GOG), but probably, way less than a full-on BEV. In the meantime, it gets about twice the fuel economy of the equivalent-performance GOG, it's faster, quieter, cost less initially after federal and state rebates, and most importantly, in the meantime I have absolutely no range anxiety. None!. For many drivers who put on somewhat fewer daily miles than I do, it would have all the fuel economy advantages of a BEV, After 10 years of expected ownership, I believe depreciation, especially first-year depreciation, will be the absolute last of my reasons for updating to - you guessed it - another hybrid.
You have to keep them because they’re worthless. 💸💸💸💸💸
My ioniq5 is a super car. Best buy ever. I keep it for at least a decade so I dont mind at all what its current value is.
Is it an Ioniq 5 N? Why do you say it’s a super car?
i have a ioniq 5 2024 and the reason to be in this list is Tidiculous … best ev outside.
Rapid depreciation is bad news for sellers, but good news for buyers. A Nissan Leaf, for example, can be had for as little as $10,000. It doesn't have a lot of range, but that only matters on road trips. It is fine for driving to work and the grocery store.
Everything you said in the video is factually true. Nonetheless, for many people like myself, it is irrelevant. I don't buy a car as an investment. I buy it as a useful tool for transportation, and for the enjoyment of ownership. I will own and drive that car until it is worth more in scrap value than resale. How much it depreciates over the first 10 or 15 years doesn't matter to me, as long as it is a car that I like. (The car I drive now is 13 years old, I will drive it another few years.)
That said, it was a well done presentation. I upvoted the video, and did *NOT* tell TH-cam to stop recommending your channel to me.😃
I came here to find which used EVs to buy :D
That's a smart move, so dud I. The bigger the depreciation, the better.
I own a 2021 Model 3. 53,000kms. Paid €48k, just valued at €37k. hardly a price crash and more like regular depreciation.
Who would pay 37k for your car when you can get a new one for 48k? Your valuation sounds absurd. Especially considering Tesla offers 2% interest rates financing on new cars and has significantly upgraded the Model 3.
@@MMM18092 Please tell me the current market rate for a privately sold one owner 2021 Model 3 Dual Motor Long Range in excellent condition with 53,000kms driven, where I live.
All cars depreciate, especially very high volume and substandard vehicles… This is great for those who want to take advantage and buy pre owned… It’s always been this way, it always will be, EV or not.
For somebody who plans to keep Tesla 3 for long time that depreciation should not be an issue.
Just another add sponsored by the oil industry! I love my Bolt EUV! I havenrt purchased any gasoline since April when I put a few dollars worth in an old Blazer I just so I could move it out of the garage.
I agree with you! My father worked for GM/Chrysler and American Motors pushing cars onto dealers floors and lots! He drove several new vehicles a year from each manufacturer ( ranging from a Chrysler 300, a Hudson Hornet, a Nash Rambler wagon to an Oldsmobile coupe) and my mother picked up a new car depending on who he was employed by every year on the East Coast and drove back to Calif. with her 4 squabbling young boys dropping in on unsuspecting relatives on the way back home. My current vehicles include a 2022 BMW X3 m40i with approx. 8000 miles on it and a 2023 Hyundai Ioniq 6 Limited with 11,000 miles on it. ( you will notice that despite being newer the Hyundai has more miles on it!! I LOVE them both! The BMW is well designed and first off the line at an intersection in most cases the Hyundai Ioniq 6 is also first off the line in most cases, its handling/functionality, speed and 80% recharge in 18 minutes! are phenomenal! I have what I believe to be the best of both worlds in regards to ICE and EV's (and it's not a Tesla) The EV recharges overnight if needed or I will be able to use the Tesla charging system shortly as well as Electrify America!! Although EV's are relatively new you should expect a greater amount of depreciation as the legacy manufacturers establish and place their feet (tires and wheels on the ground!) It's time for the oil industry to wake up!! That includes a good number of politicians who are kissing their backsides!!
Easy solution.
Keep maintaining my old gas cars until I need a taxi.
Good for you and thanks for sharing it really adds to the conversation!
@@ronz7046 Fine. I don’t do conversations.
@@user-ec9ut2qr2s That was confusing after you just did,but ok, enjoy.
Cars are appliances not assets. You don’t invest in your fridge do you?
My husband does all the work on our Honda crosstour and our Ford transit connect and it doesn't cost much to do so and he likes doing it.
There are fantastic bargains to be had. I wish I could afford a Tesla 3. Even though they have fantastic reliability their value has sunk. Smart car drivers - especially those with garages or driveways where the car can be charged using cheap off-peak electricity overnight.
Big price drop, means plenty of affordable used EV's available now
Greetings from the U.K. The price of a commodity is based on supply and demand. At present demand for cars, new and used is down. High interest rates, and a world of uncertainty make buyers shy of making such a big financial commitment. Here in the U.K., there are now many adverts for new cars at discount and 0% finance for petrol, diesel and electric models.
Great news about the depreciation, that means a lot of people who wouldn't normally be able to afford an EV, can get an excellent second hand one. My last 2 EV's were secondhand and great value. The first one was 9 years old when I sold it and is still going strong. My second one an ID5 had only 7k miles on the clock and really enjoying its energy economy. The software issue has been resolved and I am not experiencing any problems. So, I am all for their depreciation, as I intend to keep this one for a long time. By the way, the Leaf information on this video is a load of rubbish. You haven't heard of the long range Leaf 65kw, which suggests the rest of the information in this video could be wrong too.
How much is ICE car depreciation? It’s all cars and BIG OIL IS BEHIND THIS WEBSITE
This good news for Lucid
How the hell that thing got to wear the Mustang badge......
Great second hand buy then
In Singapore, it doesn't matter. We have to surrender our cars at 10 years, unless we pay to extend the usage. Therefore most ppl will change cars often anyway
I met a guy at a charging station that told me he paid $26K for a used Solterra from a rental car agency low milage.
The problem is that EVs are 20-25% overpriced. Maybe lowering the new car price will cause slower depreciation.
Exactly! The Chinese EVs are priced lower in general and yet remain profitable. This shows other major car manufacturers especially US & European are pricing their EVs more exorbitantly. That’s why Elon Musk is so rich (on paper & with first mover advantage). Naturally the depreciation of EV is more than a comparable ICE car.
Cheap EVs are overpriced. The EVs from BMW, Mercedes and Audi are priced pretty close to their petrol counterparts.
ICE cars will be completely worthless when EVs saturate the car market. Who wants old technology, including old EVs.
Another fossil fuel ad
Price deprevation in first year is not that high in first year because you buy it new usually with a 10 to 20% discount
Leasing is the solution to depreciation. Most choose to lease a new EV rather than buy it. When you lease, you know exactly how much it is going to cost you each Month. The final lease payment will be the same as the first. There are no nasty depreciation shocks.
If you buy an EV, just plan to keep it for a decade or lease.
E-Tron has too many issues that never stop
You missed the queen of depreciation: Mazda MX-30! 55-60%!!😮😮😮
😂😂😂👍👍👏
Don’t Buy Until You Watch ..I wouldn't have an electric car even if they were giving them away never mind spending my hard earned money on one
Not sure I can trust someone's judgment who wouldn't accept a free car.
Have you driven any EVs
@@jsanders100. No, that’s why they never know what they’re commenting about, as long as it’s negative good enough!
You work hard for your money but wouldn’t take a free car ,me thinks you must not work hard for your money !
Ie can't afford one 😂
Most people drive used ICE cars that are affordable, reliable and economical, in the future when EVs will be mandatory, only people with money will own new cars. Many Americans work repairing and servicing ICE cars, when the government mandates EVs and bands ICE cars they will be without jobs.
Wonder what happen to all the people that made wagon wheels and saddles?
How about not buying any EV at this time.
Yes losers, that would be great so we can have them in the rest of the World.
@@MikeJones-mz5ig. Good point , I think most of these comments are from bots.
Wait until the EV market matures then it will make sense to own one. Just think of like buying the 1st generation Toyota Prius vs. the new Prius now. There’s still a lot of room for improvement for EVs.
Nope. They're already better
We're at nine minutes charge times. Where are EVs worse?@@aeronYTco
A year old EV is a much better buy than the petrol equivalent if you can charge at home and you have decent charging infrastructure in your country.
I think toyota was put on gunpoint and was forced to build EV.thats why it was trashy 😅
I have a Kia EV6 and love it. PS climate change is real! Save the planet!
Climate change is a commie hoax. 🔥🔥🔥🔥🔥🔥🖕🖕🖕🖕🖕🖕
This is great news for bmws 🎉
10 ?, I agree with the others. Besides I thought 10 different models was all they made.
Drivers are not allowed to use the fixed control pad while driving in Australia. It’s a driver distraction offence.
Got mine 3 yo, saved 7k and enjoyed
Audi depreciates fast even on combustion engine
Exactly.....
Thanks for sharing I’ll stick to my V8 supercharge thanks 🙏
Hope that's hellcat widebody...
@@paulyun3052 sorry mate it the Jaguar F-Pace SVR
@davidmorgan3328 Sorry dude, thought u r American...
@@paulyun3052 Just an Aussie 😎
The EV’s launched on hype & political influence. Now reality about these vehicles are causing consumers to hesitate.
The depreciation is basically a reset that is starting to happen in the market. These cars had a huge mark up during pandemic and newer models are getting big discounts. The majority of the cara shown here are really good
There is no market for used ev’s
Yes there is
There is a sucker born every minute.
@@janicecopeland9083yep. See them at the pump all day.
Considering that the average car (ICE) depreciates 10% the min it is driven off the lot and a further 10-20% by year one (20-30% total), your first 5 vehicles fit that range. Low quality/price cars depreciate faster as do higher end cars, as you admit.
In short, this video is a deepity.
Tesla will be coming out with EV’s at $10,000. The USA better be prepared to transition to EV’s. EV batteries expected to last 1.5 million miles. Charging will take 10 minutes. Will have a range of 600 to 800 miles.
Oh. Elon promise that.
So in most cases at least the better ones run only slightly higher than regular ice cars and trucks! The average first year according to auto associations 10% depreciation the second it's yours and 10-12 % additional by end of 1st year total 20-22% first year. Seems reasonable but I am pleasantly surprised by your report, I thought evs would be more given the constant rebates governments seem to provide and manufacturers rebates! Thank you for pointing out the bad ones however!
I don’t know WTF you guys are expect. ALL CARS are losing value all the time. EVs are improving quickly, dropping in cost, so the cost drops. They will DROP LIKE A FREAKING ROCK FOR NOW. Deal with it. Those who want the best don’t care.
I buy a new car and drive, and rive it to 200-300,000+ miles. Depreciation rate does not bother me. Cars are holes down which money disappears. Buy the best and us it.
Like buying smartphones
Toyota bZ4X is a compliance car. They’re not yet ready for BEVs. They’re i to hybrids and plug-in hybrids. Toyota will go full swing with EVs when solid-state batteries arrive, which Toyota knows is the best type of battery for EVs, and lithium-ion batteries are not(compliance batteries).
Plenty ICE cars depreciate a lot in year one. Some EVs are well overpriced. Tesla cars have the possibility of being used as robotaxis. An owner potential for income for its owner. I’ll still have mine in 10 years.🇦🇺
Love my Tesla 💞
you forgot MG depreciate 50% within a year
Thanks
Never buy a new car! Get at most 5 year old model
So where will used cars come from if nobody buys new ones?
So pretty much all EVs.
Nice distortion job.
The biggest cause of Tesla deflation is the reduced cost of production of Teslas at scale. A reduction that Tesla has done the unforgivable and passed along to the consumer. There is a limit to those cost reductions. Only when that limit is reached can you meaningfully compare Tesla depreciation to ICE vehicle depreciation.
my dad was a mercedes men 450 sel,560 sel 600 sel etc he always lost a lot of money after selling it in only 3 years so nothing new there
Pistons are rather silly and are soon to be obsolete in transport applications.
Audi q4 hasn’t done much better
Just another Dinosaur Naysayer. Doesn’t the name “Piston Pundit” tell you all about this post.
People buy vehicles to use not as an investment and buy EV’s for the running costs and for a cleaner environment simple as that.
I guess we can either lease or buy & use them for a very long time
AVOIDING ALL EVs esp Teslas
And you all thought EVs were all that? Now you get a hell of a lot less in return. This is the price you get for wanting to be apart of a trend. Go ahead, get another and loose our in the end instead of simply leaving well enough alone. My advice, deal with it...
Why do Americans insist on calling Nissan Neesan? There are no letter E's in the word Nissan........
Number 1-10. Tesla, all models: Reason being/ Elon Musk and his own words and actions.
The rest of car models is extraneous.
Breaking news there are 3 million unsold ICE vehicles at dealerships in USA some including unsold 2023 year models! Why do you not talk about these stories.
all EV is losing value a lot, if you compared them to old combustion. except batt price is decreasing alot, more cheap that car then more value at percentage they lost
Buy a second hand bargain ❤❤
AVOID ALL EVS
AVOID ALL YOUR COMMENTS !
AVOID ALL EV's. Stay alive.
Probbaly because they were way overpriced to begin with.
Avoid all these cars. Buy BYD for all your ev needs
You just named every EV out there
None of the BMW EVs like i4, i5, iX were not there in this list..
So this video is telling that avoid almost every ev on the market... got it...
If you are used to cars that work and are happy with that, there is no reason to buy an electric car.Then of course you have to avoid French, Swedish and Chinese crap cars.
Avoid ALL EV's period
when you "shift gears you change speed not direction.
ioniq best ev…….
Avoid all EV !
26% depreciation that very good that a real world drop of 6% wow wish more car tdid this well.
You are joke with these figure . Audi etron where you gettingvthis figure from this must be usa where there is no verification of figures in the UK ok you 20% so you loose that pluse the 2k drlivery charge .
So take those figure out looking at 47%
There is no way you getting such low depreciation figure anything below 35% is exceptional
Fact check does not bare you out .
EV’s are lasting longer than gas cars. Doesn’t matter if they lose value!!
Every car at price 40k loses value fast and EV are still not fully accepted. Majority still prefers IcE. So EV tend to lose more value compared to an ICE. If You are only looking at depreciation then dont buy a 40k car. Kust go with a Honda civic or a Corolla
Trash😂
EVs are weird. Carnt what until Tromp gets in an sorts thinks out
Buying car for sell? LOL. What a review.