What's going on with EV sales so far in 2024?
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- What's going on with EV sales so far in 2024? We take a look at EV (electric vehicle) sales trends so far in 2024, looking at VFACTS new vehicle registration figures to see what sort of trends are happening.
We also take a look at resale value and used EV prices, the recent drops in the price of lithium, overstock, and what car brands are continuing development of the combustion engine, such as the recent partnership between Toyota, Subaru and Mazda.
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Eveready or Duracell? No EV for me…
Thanks for the insight, mate - great video. At first I thought Toyota was maybe missing the boat when they dragged their heels on EVs and now it's looking like a damn good business move (in the short to medium term, at least)
Yes the joy of net zero at any cost from government is completely out of control
I guess there are both negatives and positives when considering the switch to an EV. Where i live there seems to be a Tesla around every corner. Can you do a review on the new Tesla model 3 Performance ??
Thanks
I'd say depreciation is the biggest factor. Most EV sales were driven by corporate fleets, not consumers- for all the financial incentives. But those don't apply to the used market. Also many EV owners tell you the car works for them, because they don't drive long distances, and/or have the extra time space and money for an additional ICE car. But this is why the market is only 7-8% (in the US and Aus) and means you have a much smaller market to sell the car to. On top of that is battery degradation inherent to EVs.
All of this was masked for a couple of years when lock down supply issues were artificially propping up resale value. But that's no longer the case.
And don't forget the power grid. I would only buy a hybrid.
You are great!
John from Greece
I wouldn't buy an EV, or any of the 2024 vehicles with the intrusive and flawed driver monitoring systems. I've had my diesel xtrail for 12 years and will keep it until it starts becoming too expensive to run. Nothing in the current market tempts me as a suitable alternative to what I have now. Great channel btw.
Cheers for the video! Personally, I'm not ready to buy an EV and I don't think I will be for at least another 6-8 years. We have a 2021 plate Volkswagen Polo 85TSI Comfortline and a 2022 plate Skoda Karoq 110TSI Style parked in the garage, so our cars are relatively new and don't need replacing anytime soon.
EV sales are not booming in Australia, despite what some news agencies are reporting. They only make up 10% of all new vehicle sales in our market and they've been sitting around that figure for a while now, even though there seems to be a new EV being released onto the market here every week. There are a number of reasons why I think EV's will continue to only make up a small percentage of new vehicle sales in Australia. Range anxiety still exists here, the infrastructure is currently limited, insurance for new EV's is costly, they're easily being written off when being in an accident - hence why insurance for some a too high, people are scared about what will happen when the battery needs to be replaced - what happens to the actual battery/disposed of and then the cost of a replacement battery, buying EV's from new/unknown EV manufacturers and will they still be around in 5-10 years to keep servicing the EV and then also part supplies, deprecation hits for current EV owners and some dealers being reluctant to take them as a trade in and of course, they're still too expensive and out of reach for a lot of Australians. A $40k EV is not 'affordable' for a lot of people and some people will argue that when you see the Ford Ranger and Toyota HiLux sitting at the top of the new vehicle market every month and the majority of those Utes are being purchased for around the $60-$70K, then the price of some EV's are certainly affordable. But then you can ask how many of those Rangers and HiLux's were purchased privately and without any concessions?? How many affordable EV's can you think of? Three? Four or five? Not exactly a lot of choice and still not 'affordable' for most.
Also, a lot of EV's are priced at the higher end of the market to the point now, that end of the market it completely saturated and there's only so many buyers to buy them, again we're now seeing a waning in sales.
Hybrids are the way to go for most people and PHEVs also play a part. If more people understood the workings of a PHEV, there would be more interest from buyers. EV's shouldn't be the only option going forward and that there are a number of ways we can get our emissions down by using a range of sources. Australia isn't like most countries where long distances are covered and so all options should be allowed to be made available for people, not just EV's.
You made the comment about government and that they're picking on manufacturers, were you referring to the Australian government or governments in general from around the world? What I find interesting about this, is that all manufactures knew Australia was moving to an emissions scheme and they've known for years that this day would come, so in my opinion they shouldn't be surprised that one has finally been announced and they should've been ready. Most car makers offer more fuel efficient vehicles in other markets of the same vehicles they offer in Australia, but until now have chosen not to bring them to our market, because of our relaxed emissions standards. Will now they have to and there shouldn't be any excuses.
Sorry for the rant! 😁
I purchased an ev about 5 months ago. It was a real eye opener. At first I was a bit dubious of them but I proceeded due to fbt exemption on leases.
At first I didn’t overly enjoy it as I find there a bit like an appliance, there’s no character or engine note and no gears. Being a car enthusiast I missed those attributes of an ice car. After about a month though I started to realise how convenient it is. Being able to get into your car, put on your seat belt and just go with a full tank of fuel is great. We recently did a 200km round trip where we averaged 11kw per 100km. I had to crunch the numbers multiple times because I didn’t believe it. The whole drive only cost $1.80 .
I still have an ice vehicle but every time I drive it the process just feels like more effort then driving needs to be.
While I miss Ice performance cars. I don’t miss ice commuting. Hopefully one day I can own an ice performance car again. But for the mean time I won’t be looking at a ice commuter car any time soon
The change to emission laws is only quite recent and we are just playing catchup with Europe and some other parts of the world. We should have tied ourselves to the EU standards 10 or 20 years ago. We were starting to become treated like a 3rd world country without access to some of the latest models.
The thing that is happening is that the EV market is fracturing due to choice.
Those "2000" Teslas on the wharf in Melbourne looked more like 800 when I looked at the photos. That's about 1W worth of shipment and about the time it takes to clear the cars though the port.
VFACTS is based on registrations. It always has been. You don't count a car with a 6-month wait list as "sold" when the contract is signed because the contract can be rescinded or cancelled. The sale happens when the balance of the money is paid, i.e. on delivery.
The price of Lithium has come down due to more supply, not any other reason. More EVs are being built today than a year ago so demand is going up.
My issue with ev’s is where do I go to get it repaired? WA is a big place even if living within the Perth, Kalgoorlie, Esperance & Albany block and very few service locations….
Been driving an EV for 15 months and never going back to ICE. So many benefits - latest one being 8c per kWh electricity tariff from midnight-6am. I’m paying peanuts to charge the EV and heat hot water which is saving me > $5k a year. My EV will be passed down to my children so not worried about depreciation at all
Not fully compliable as yet ....huge rural area lay back in development in comparison to industrilised countries....outer space is like landing on moon maybe it's true in usA cause being deindustrialization over the decade
Looking at buying an EV because I do 1000km a week and the cost of diesel and servicing is killing me. Even working on conservative numbers cost of running an EV in my case is about 1/3 of the cost of running my diesel vehicle.
It's so wrong headed - you can't make people buy cars that aren't whay rhey need and are a financial mistake. And we don't have the infrastructure to charge them all even if we did all buy them. It's just depressing.
Agree. I feel like it is it the right direction and obviously reducing emissions is a good idea, but it's being rushed out too quickly - and look at the mess it's already causing.
at this stage I have zero interest in buying, leasing, renting a full EV or PHEV.
That said i can see why people and business are switching to said technology or at least going to Hybrid / Petrol tech.
I recently rented a hybrid that could be run in pure EV mode. I thought I'd at least enjoy the driving experience but I was wrong. 'instant torque' is the last thing you need when negotiating tight parking spaces, or pulling out quickly on a wet surface. And the regenerative braking feels like the handbrake is constantly dragging- to the point you have to 'push' the car downhill. In hybrid mode the constant switching between battery and engine is just annoying- you never know how the car is going to respond when you put your foot down.
@@user-jb2om7cm8m - yes you have to adjust driving style, the same can be said with going from a NA petrol to turbo petrol re: turbo lag, same applies to turbo diesel re: even more turbo lag then too much boost early in the rev range.
every tech has pro's and cons it all comes down to your driving style, I like direct steering with feel and brakes that are progressive feel wit bite and do not mind turbo lag that much as I am use to it after 12 years of driving a turbo petrol car, going back to a NA petrol car was an experience at first as virtually no bottom end torque meant that the engine needed more revs but again you get used to it quick, one thing that takes time is brakes and lack of feel and having to relearn how to judge distance and pedal pressure.
@@351tgv I do take your point. All cars respond differently, and I'm usually cursing the idiosyncrasies of every rental car for the first day... and then miss it when I turn it in. But after two weeks it was a relief to get out of this thing and back in my own car. Maybe it's just me but being able to freewheel downhill just feels nice!
im not seeing the evidence of value decline on ev's on carsales when there's 2019-21 model s/3's still going for 40k+.
Plus why are people so obsessed with resale value? If you care about that you may as all take a loan out and buy a rolls royce or a Koenigsegg.
If you actually take a look even some petrol vehicles are declining in resale by a good 50 percent in just 2-3 years so it's not solely just ev's but the market as a whole.
If EV’s were as good as the government & greens say they are, everyone would be buying them. There wouldn’t be enough cars.
I’ll never buy an EV or Hybrid. The batteries are too volatile & expensive.
EVs, Hybrids and Plug In Hybrids will continue to sell better and better, resale value of them will also be higher as in the future second hand petrol cars will be something no one wants.
I stopped watching after the “outer space” 😂😂😂
?
Yeah absolute tripe. 😂