The E.V. Winter - Why E.V. Makers Are Struggling
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- เผยแพร่เมื่อ 7 ส.ค. 2024
- In this video we take a deep dive into the electric vehicle industry. Specifically we look at why EV demand fell in Q1 2024 for the first time ever and why almost all EV manufacturers are losing money.
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0:00 - 1:24 Intro
1:25 - 3:28 Production ramp
3:29 - 8:04 Insufficient demand
8:05 - 11:03 High production costs
11:04 - 12:49 Scaling back production
12:50 Financial consequences - ภาพยนตร์และแอนิเมชัน
WSM calling out SPACs in every video is basically a must at this point XD
at this point, I think he should just rename the channel. "SPAC FAILS"
the next iteration, will be a list of AI companies filing bankruptcies.
100% on the mark
As a software developer, i see this already starting to backfire, 100% will happen soon. True AI doesnt exist yet and wont for a while
attempting to, via their AI lawyers
spot on mate
I wouldn't call a 40k car "mass market." Most people can't afford more than 30k on a car.
For context, a 40k 2024 car, adjusted for inflation, is the same price as a 2010 Subaru Outback. Prices roses, but salaries didn't follow
My current car, diesel Audi A4, costs without checking i would say around 2000-2500 euros. I have ONE charging station in my down plus lithium batteries are serious security risk. No, thank you.
40k is in the cheaper half. The average transaction price of a car sold in the US is $47k, down from $50k about a year ago.
It's 2024, 4 years after they plus 80%ed the USD money supply. 40K is the new 28K.
A truly affordable mass-market car is between $15k-$25k, $30k is the top most limit for affordability. The infrastructure for EV's is extremely minimal to practically non-existent. Furthermore, the real-world battery range for batteries needs to be very high before needing a charge. Despite what any professional analyst claims.
Fleets, Freebies, and Fanboys were what drove the EV boom; nearly everyone who wants an electric vehicle already has one.
Mguy Australia, lol. Great channel.
This.
Don't forget the save the world types, which had a large crossover with the fan boys.
Honestly owning an EV is impractical from most standpoints.
The most popular EV are more expensive than gasoline cars.
If you rent or live in an apartment, good luck.
They lose value extremely fast.
They are expensive to repair, and parts availability is extremely limited.
Battery life and tracking tracking it isn't a thing.
Infrastructure.
If you're going electric a Hybrid just make more logical sense from every perspective for the normal person out there.
It's honestly stupid how quickly the market just went straight to trying to push full EV when a reasonable strategy with Hybrids would've been a MUCH smarter solution.
Yuopp
In France the ecology tax for a yaris gr86 ICE engine that initially cost 46k€ is around 60k€, making a freaking yaris around 100k€.... lucky for you if you are rich, the ecology tax is maximum 60k€, so your porsche won't get taxed more than anything else.
So true. I would add Financial Bubbles as the startups and all of China has been driven by bubblenomics and near zero interest rates.
A common theme in business failure videos like this one is that the people involved seemed to think demand would just increase forever, or at least remain at high levels. Where do they get this idea? Even a complete layman can understand that there are a finite number of people on the planet, and that only a proportion of those people will ever want a product. When they've all got it... what happens? Demand goes down. Utterly basic stuff which seems to be ignored by so-called "entrepreneurs" and investors alike.
Most market players blinded themselves to the real problems with EV ownership and assumed that customers would simply abandon "legacy" ICE vehicles. But the plain fact is that for most people ICE cars are more affordable and more convenient. So now that demand from greenwashing early adopters has saturated, they are running out of customers.
Sounds like the crypto fraud
The pursuit of endless growth clouds all logical thinking.
Exactly
ESG incentives, probably
Here is my reasoning as why EV makers are struggling.
1. Most EVs are still fairly expensive. I can get a nice looking ICE Honda Accord with 400+ miles of range for 30K.
2. Why buy an EV when I can get a hybrid that gets great mileage yet I don’t have to worry about finding a place to charge it?
3. EVs tend to be expensive to insure, high repair costs and possibly long wait times for a repair.
4. Refilling at a gas station takes 5 minutes. An EV charger takes a lot longer and there are fewer EV chargers than gas stations.
5. Batteries don’t seem to last that long on EVs and are expensive to replace and don’t work that well in cold weather.
6. Most EVs have a working range of maybe 270 miles while other modestly priced ICE car have about 450 miles of range.
I do think EVs have a future as the world supply of fossil fuels runs out but we aren’t there yet.
1. My Tesla model 3 cost the same as a Camry Hybrid in Australia
2. I charge at home for 5c /kwh (USD) and get over 5.7miles per kwh lifetime
3. The insurance on my Tesla is 20% lower than the car it replaced (and cheaper than a Camry Hybrid)
4. Refilling takes seconds (plug in and go inside) - I have saved at least 50 trips to a gas station in the first year of ownership alone, saved at least 7 hours of my life and over $3000 in fuel
5. The LFP battery in my model 3 will last on average 20+ years and over 1million miles before it drops below 70% original capacity
6. I get 320 miles between charges but it's pretty irrelevant - even on roadtrips the EV takes less overall time and is cheaper than the petrol Audi it replaced I stop every 3 to 4 hours anyway no matter what kind of car I am in for a meal and to use the bathroom - I just roll up, plug in, go inside - by the time I am done I have plenty of charge to continue
7. Bonus - my government kicks in $4000 per year in tax breaks for owning one.
We'll never run out of "fossil" fuels. Oil isn't only from fossils, it's from all decaying organic matter, which is essentially renewable energy. Don't believe the lies. They just want to limit our access to energy when they have already invented free energy devices.
@@TB-up4xi 1. Apples and oranges … Camry is much bigger, better built (in Japan, not in cheap crap land China), has much better resale value, proven track record of reliability, actual interior, not the cheap imitation with a tablet glued to the dashboard and list goes on. It is basically a much better car.
2. I know it’s hard to imagine in avocado toast, champagne socialist suburbs, but sometimes people can’t charge at home … because they live in apartments. Also cost of installing charging infrastructure should be added to purchase price of a vehicle.
3. Probably a lie or a half truth.
4. Lie. Also $3000 in savings is pathetic. You lost twice as much in depreciation of your toaster.
6. I regularly drive 6-7h straight. If I want I can take more frequent stops. If I travel with someone we can drive as long we can without major stops. You can’t. You’re forced to do so and you try to sell as a feature.
7. We will thank Labor for stealing from working class and founding toys for upper class next election.
@@Kashchey1 LOL never laughed so much in my life - how delusional you must be to think a shitbox wheezy wollowy gutless Camry is a better car than a Tesla. BTW the Tesla has better front seat room and 50% more cargo space - the Camry has 3 1/2 inches more rear leg room but a huge transmission tunnel in the middle. I wouldn't swap my Tesla back for my Audi A4 let alone a crappy Camry.
More people live in non-detached homes in Norway than the USA or Australia - since mid 2023 in Norway over 90% of all new car sales have been Electric - living in apartments is no excuse.
My insurance is $1068 a year ($705 USD) it was $1290 for the Audi and it's $1130 for a Camry hybrid - GIO Australia.
Between the tax saving and petrol savings, if I drive my car for more than 5 years I will have saved more than what I paid for the entire car - put that into perspective - my car could be worth $0 and the Camry could retain 100% of it's purchase value and I am still better off.
So for 2 weeks a year on a road trip you can drive 6 or 7 hours vs 3 or 4 hours straight and save maybe 20min, 40min? - for the other 50 weeks of the year I am saving at least 7-8 hours combined not filling up I'll take the 20-40 min thanks.
As at July 2024, the average cost of a new EV in the USA is now cheaper than the average cost of a new ICE vehicle....BEFORE incentives. The cheapest new EV in Australia is cheaper than the cheapest Toyota Corolla.
5. Not true. Batteries with thermal control system last longer than ICE engines which have a lot more moving parts and hence lot more wear and tear. The key is the thermal system, without it it will last maybe 5 years(as in Nissan leafs) but for any decent modern EV it should last the lifetime of the car. We now have multiple Teslas that have exceeded 150,000 miles.
simple, because prices are too high and most people can't afford to pay extra in this economy
Gas prices have fallen below $4 in California now. Now there's more reasons to not own an EV.
That's not it.
People are not stupid enough to buy a car with a battery that's cannot easily be replaced and needs to charge for more than 15 minutes from zero to full.
EV's will only take off if there is a battery-swap system in place. Otherwise they will remain a pipe-dream.
They're luxury items. Everyone that owns on also owns a second csr
You say that, but 441,000 (Ford, GM, Ram) new full size pickups were sold in the first half of 2024 with an average price of $65k. Someone has money.
@@scsft Battery replacement is less than 2.5% of Teslas -- almost all early ones (made before 2015). You don't get it about charging, it's overnight so what if it' all night the point is in the morning the battery is full again.
No one will ever make battery swaps, Tesla has already proven their model and supercharging for long trips.
in this downturn economy people need affordable work cars, not overpriced cybertrucks
People have money, they just don’t want to spend it on a silly toy car with a 50% depreciation.
But almost all car manufacturers have stopped making small cheap cars for making large "suv"s...
@@fatrobin72they act like the average car price isnt near $45k
The affordable EVs from China have have been slapped with very unreasonable tariffs.
Between Tarrifs and also more Hybrid availability makes full EV models less necessary or wanted. Especially since Hybrids are generally cheaper
As an EV owner you missed some things. There’s the skyrocketing insurance cost for EV’s. If your EV is in even a small accident it will likely be totaled by your insurance provider. Lack of parts, battery fire liability, and few skilled technicians = high ongoing insurance. Also public electricity rates in the areas with the most EVs is also ever increasing. And if you’re not home charging good luck finding a working public EV station. States like California also charge EV’s the highest title costs to make up for lost gas tax. Then you have to have the car serviced by the dealership, as there are practically zero independent EV certified mechanics, so you better live close to one and be prepared for dealership prices. Lastly the battery pack degrades slightly with every charge meaning EV’s have a shelf life not in years or miles but in recharges. Many ppl will mischarge and cut short the life of their car by years. This also kills the resale market.
Sounds like hell 😔
CEOs: The number of people wanting our $70000 cars is infinite.
Reality: Wait a second ...
The worst thing is that EVs being sold at a loss means ICE customers are paying the bill in the end for other people's luxury toys.
Musk is on video stating: your tesla is an appreciating asset, not a depreciating asset. Yeah not quite
@tonydevos Musk was talking about using vehicles in the Robotaxi fleet.
@@tonespeaks and now he completely moved away from that. Hes not going to sharr the robotaxi riches with the little people
@@tonydevos doesn't matter because the robotaxis are going to remain a niche market for a while. Don't expect robotaxis in areas with less than ideal weather any time soon... which is a lot of the US.
@@tonespeaks Musk claimed that any Tesla owner could use their car as a Robotaxi. Which is a concept he's abandoned in favor of a Tesla owned fleet.
Bait and switch.
Robotaxis will never happen and you can take that to the bank.
In Canada they seem like pure inconvenience especially with our sparse charging stations, long interprovincial distances and cold winters.
And that’s not including our out of control car theft problem.
The extemely sudden drop in EV demand tells me straight away that the majority of EVs are second or third cars in a household. It's not the daily driver it's the car you use for short trips only or on the weekend.
You are right the EVs are usually the second car in a multi car households.
But It's the other way around. The EVs are daily vehicles. ICE are the cars for longer drives and weekend trips
If you're pootling around an EV is OK, I guess. But one long-sh road trip will soon cure you of your EV dreams. 52% of all EV buyers will not buy another one. That's a market decrease not increase, and made much worse because a large % of them were the original fanbois. Normal drivers will be much more intolerant of EV bullshit.
Correct, for nearly all drivers an EV is a discretionary purchase. A similar analogy would be the sales of Jetskis. When times are good, they boom, but the market correction in uncertain times is brutal. And the second-hand market for them falls off a cliff. Sound familiar?
Global EV sales have grown YOY compared to last year Q2 YTD global sales 2024 are higher than Q2 global sales 2023. Facts.
@@TB-up4xi Yeah, that's why *EVERYONE* is talking about the crash in EV sales. Fact. The EV manufacturers are pre-registering the cars as they drive them to graveyard park.
If only elon wasn't given $56B, I wonder what those savings could've helped with 😏
Becuase if you rent and the landlord don't accept a charging station i won't get an EV
Thats under the assumption that the renter does not have a mobile charger or the Landlord does not have a nema outlet....
This. Condo apartments with 1k units but 3 or 4 charging stations in my country. Lol
All parking garages will come with chargers installed at your parking spot as standard eventually.
@@xiaoka bold of you to presume developers will want to shell out money to put in charger for every carpark slot. Very naive thinking.
@@Vachalen I mean realistically newer building I see in NY are coming with them to attract people
They have no resale value, they need to resolve how the batteries are supported or it is broken. They are consumable and make up most of the cost its a bust.
Before that they probably need a new battery chemistry that is both cheaper (likely via more abundant materials) and preferably denser, if they can manage that then at some point power grids are going to need upgrades. Granted cheaper batteries probably would help resale value too.
@@SnowmanTF2 unfortunately physics is against us unless we move away from current battery concepts. Sodium may be more effective from a total cost/performance/weight perspective. But lithium is still better on some of that. Sodium has the safety too though. In all honesty they should have concentrated on maritime and trains first. Cars were too early in the tech game and was only based on profit and subsidy not actual benefit. It's likely to fail because of this.
The same idiots thought you'd by a 100K pickup or Jeep. And lots are crammed to capacity with Stellantis products.
I’d rather have Tesla shares than Stellantis shares for sure! Tesla may go broke, but I can’t see how Stellantis won’t. Chrysler cost Daimler (Mercedes) billions, now it’s going to do the same to Fiat/Peugeot.
@@av_oid Have you seen Tesla shares today? Monday ,$248, three weeks ago they were 135. And I had to sell mine post split with a basis of $40. AHHHH
Also, home insurance costs increase if you own and charge your EV at home.
Yours, and your neighbours.
This isn’t true.
@@boowiebear it is
@@nicolashrvno it’s not. Mine didn’t.
@@T-Flame living in a tent is not considered a home
This is what the saying is roughly, "Building a carriage before owning a horse." They rushing to sell and own an EV, that they didn't consider the recharging problem.
Toyota: told you so
They got their predictions right. Well, except for hydrogen as a fuel... but that's still early days.
@@MithunOnTheNetHydrogen cars are dead.
Even Toyota days are numbered due to rise of chinese ev and their hybrids.
@@frankreynolds9930 Sure, keep telling yourself that
@@MithunOnTheNet Well most western car ceo and government are afraid of byd for a reason. Its going to dominate ev era and its already in top 10 car makers with most of their foreign factories still being built.
Toyota doesnt like ev, its hydrogen car is flop and hybrid and ice sales make it most selling manufacturer for now.
For a few core reasons:
- Many rich to upper middle-class families own one. It will take 10 years before another boom happens.
- Middle class to underemployed young adults could not afford an EV car or don't want to lesser quality ones.
- Less affordable = Smaller market demand. More affordable = larger market demand if the quality is solid to great.
They're to expensive to buy, maintain and insure, and there's basically no infrastructure to charge them.
Most car parks I visit either have no chargers or like 2 for every 50-100 spaces, which are more often than not already in use.
Exactly!!! come to New york city!!!! THERE IS BARELY ANY CHARGING STATIONS IN THE CITY. THE CLOSEST ONE TO NYC IS LIKE IN WHITE PLAINS OR FURTHER UP NORTH OF Ny!! And despite nyc also having multiple mechanics shops in 4 boroughs except for Manhattan, none of them wouldnt look at them let alone even fix.
also if you really have to plan if you want to do a roadtrip....wait, I'm not sure if you can do a road trip with those due there not being a mass grid of chargers to support these cars. So you're probably going to be trapped in either the East Coast, West Coast or major city hubs where you live and probably won't be able to get as far as you probably would like for a longer range trip. Maybe with those hybrid cars, but i assume that kind of uses more gas or something, I don't know. I don't know as much on these, mostly via small highlight videoes like these due to being easier to understand and follow.
I like the idea of these kinds of cars, but I'm not sure the infrastructure for these is the best right now. 😔
I don't know about maintenance. You don't have to worry about oil changes, transmission fluid, serpentine belts, timing belts, air filters, etc. And what about stuff that isn't preventative maintenance? Critics always say that an EV battery pack or part of the pack will eventually go out. True, but in an ICE car, you have to worry about both the engine and transmission eventually going out.
@@MBarberfan4life Engines and transmissions will last an order of magnitude longer than a battery unless purposefully destroyed or neglected by a lack of maintenance. Just look at Africa or Cuba, or even a local taxi to see just how long they can last if an owner takes care of them.
@@DeadNoob451 Those aren't the only exceptions unless you like the just-world fallacy. Engines and transmissions do fail, even when people take care of them. Yes, even Toyota. Whether it's "longer", I have no idea how you determined that outside of your claimed case studies. Of course they "can" last a long time; the issue is probability, not possibility.
Demand has definitely declined. In Europe the diesel celebrates a comeback for its reliability and low operational costs. You can also get them used for under 10k in mint condition. So why would i get a overpriced RC car?
Because you can’t refuel your Diesel at home and those RC cars are much nicer to drive.
@@geraldh.8047 i don’t have to. I can drive more than 600 miles with one tank. So no need to have the ability to fill up at home. That’s an electric car problem. I agree that evs are quieter, but that never was something i would take all the other downsides for. Evs are nice for short distances and are cheaper when it comes to maintenance, but the prices are still ridiculous and a used battery with 80% range? No thanks
@@The_Daliban the point is that most people don't drive 600 miles in a day. So the tank size is mostly irrelevant. An EV is much cheaper to "fill". But yeah, I agree the prices are still a bit high. But a new EV and a new ICE vehicle are now in same ball park price wise.
😊@@The_Daliban
@@ThatGuy-bz2in I agree that you most likely won’t need that range in your day to day routes, but it’s just nice that I don’t have to plug my car in in the evening or it will not even take me to work the next day.
Of course, I am exaggerating a bit, but you will have to “ fill" your car up way more often than a combustion one.
The price per mile is actually about the same in Europe. It is way cheaper than gas if you only charge at home, but if you have to charge anywhere else, it just actually more expensive.
Come get on board with both concepts on the circumstances . For me a combustion engine makes way more sense and I’m sure there are people out there for whom it makes sense to have an electric one.
If I’m getting an ev, I want supply logistics for maintenance and repairs. I don’t want to be quoted silly prices when replacing the battery etc. We know for a fact that those batteries needs to be replaced over time. It shouldn’t cost $15000 to do that.
I made peace with limited range. What I don’t accept is more expenses. In Quebec, we have subsidized car insurance. A friend of mine was quoted the maximum insurance rate because he wanted a Tesla. Insurance companies are charging the maximum because they know repairing these vehicles is going to be expensive. ($175 more than a comparative ICE vehicle in monthly premiums)
The status quo is not conducive to buying a new ev.
The batteries do NOT need to be replaced in normal usage and with an 8 year warranty it’s unlikely to ever be a problem. If it has a defect that will likely occur in the first 8 years and not after those 8 years. Degradation is rarely an issue that causes batteries to be replaced except for a few poorly engineered cars (I‘m looking at you, Nissan Leaf).
Yeah, a cracked bumper goes from a $1500 repair with an ICE to a $5000 repair with a Tesla.
@@geraldh.8047Even if thats true the perception is EVs are worthless after so many years and far too expensive to fix. The worst case scenarios go viral on how expensive these cars are to fix in accidents or replace a battery. It will take years for it to change it if ever does.
We know for fact that less than 2.5% of Teslas ever had a battery replaced and those were just about all before 2015 models.
@@baronvonjo1929 The perception? You mean the false media narrative.
I just came back from a business trip. We had to drive 3 hours to the seminar destination, and we used company cars for travel. However, even though half of all company cars are electric, not a single EV was used for the trip - all colleagues owning EVs, hitched a ride on an ICE car of another colleague, because of the hurdle of charging the EVs locally at the destination hotel and during the 3 day stay.
Obviously, as one would expect, none of the ICE cars even hat to be refueled at the destination, because every random ICE car can make a 500 km (310 miles) trip without any problems. In this case, since all the ICE cares used are top-notch, all of them had between 800km (497 miles) and 1000km (620 miles) of range.
And this is why no one really wants EVs for serious use. You won't make it very far, and have to charge the battery for ever. While not even knowing where to charge in the first place.
Imagine being stuck in an EV over 2-hours in a traffic jam?! With the A/C going?!
I was in similar once. I saw a guy syphon gas from his car to put in a car of a guy and family that ran out while idling in the jam. That CAN’T be done for an EV?!
@@ForcefighterX2 That’s absurd. I drove from Calgary to Miami; from Miami to Charlotte and back; and all over Florida. It’s fine. What is up with people being such princesses that they can’t charge for 20 minutes during their meal/bathroom break? Also there are chargers EVERYWHERE now and your car tells you where they are and plans the route for you.
On perception - it's simply that the reality of ownership is hitting home. There are significant issues with range, charging networks, reliability, insurance costs, depreciation, repairability, servicing, fire risk... It's increasingly clear that this is not yet a mature technology.
Problems with perception indeed.. Fire risk 😂? insurance 😂? Repairs?
@tullochgorum6323 The technology is mature, some people's perception is not. The average person drives about 40+ Miles per day, so range is rarely an issue, even on long drives, if driving a Tesla. EVs are more reliable than ICE, requires low to no maintenance, Insurance costs are at par or a little higher, depreciation is now stable after the major price cuts in 2023. Reparability is higher, but this will go down as more mechanics are trained in repairing EVs. There is more fire risk driving an ICE vehicle, that is very clear.
@@harmhoeks5996 The consequences of battery fires are extremely serious, which means that charging in domestic garages, underground carparks etc is unsafe. Any slight collision increases the risk of battery fires. Battery repair and replacement is extremely expensive, so insurance firms write off a high percentage of damaged EVs. This drives up insurance costs. Batteries are monolithic and almost impossible to repair. Plus the fire risk means that in many countries service centres have to leave a wide space around parked EVs, which is uneconomic. And that's just the tip of the iceberg.
And the Tesla odometers overstate mileage by as much as 40%.
@@tonespeaks I've been a booster of EV technology for some time, but Tesla's manufacturing techniques are proving to be a great asset and liability in making good the argument of low maintenance and insurance costs. They're use of large cast aluminum (gigacasting) and encasing the battery cells in fire retardant foam means there's less parts to break but less parts to repair. They've effectively made cars that largely can't be repaired where it matters - the battery, the chassis. This causes the insurance to consider the car a loss even if it would otherwise be minor damage. I point to Hertz selling off their fleet of Teslas for precisely this reason.
Now, TBF, this is a Tesla manufacturing problem, not all OEMs will build their cars the same way and other OEMs have the advantage of long existing supply networks to ensure repair parts are available (something Tesla has been bad at). So as the existing OEMs roll out more affordable EV, it should bring them inline with the promise of low maintenance and insurance costs.
I think the ev winter really kicked in that actual winter when all those teslas wouldn't charge lol
Im going to get an EV once I’m ready for a new car. I would have already purchased one, but they had been pricing normal people out of the EV market until recently. Regardless, I will never purchase a Telsa at any price point…ever.
Go buy an EV if you never plan to make road trip on long weekend events / holidays season ...
Consumers are also wary of higher insurance costs for owning EVs. Some estimates have it at minimum 30% higher over combustion engine automobiles. Replacing parts due to wear-and-tear or accidents is very costly.
Not only for the car.....if you have home insurance, this one also will spike, but not just for you, but all your neighbours will have to pay a higher fee. One EV combusing in a garage, can burn down the whole block if is not dealt with speed!
An EV is a lifestyle choice not a necessity.
True but that goes for many types of cars for many people.
@@methos-ey9nf in the context of keeping it going on a daily basis the world hasn’t run out of the ability to produce gasoline
People who rode horses in 1910 said the same thing about cars....
@@markmercieca5569 and until the interstate highway system became reality they were right. Right now an EV is not a necessity. There isn’t a shortage of gas or some permanent supply disruption that requires a changeover. Get one if that’s what floats your boat.
@@markmercieca5569 If that's the only argument you have, then you're admitting defeat. "This lottery ticket I bought was throwing money away, huh? I'll have you know someone won the last drawing, so this ticket is a certain winner."
There are still significant problems with infrastructure to support wide EV use.
On paper, I should be a perfect EV buyer. Middle-income, environmentally aware, tech savvy and with a commute that’s under 30 miles a day. I don’t take long car trips so range anxiety is not an issue. But when I went looking for a new car a few years ago I ended up with a high mileage small car. Why?
I live in an apartment complex with outdoor parking. If I want to charge overnight or on the weekends I’d need to run a cord from my car to the nearest metered outlet (the complex wants to make sure power bills are properly allotted). That’s a distance of over a hundred feet over grass, bark dust, rocks and garden areas. Even if I managed to use the nearest outlet, that is still over fifty feet.
The couple of people in my complex who did own electric vehicles had problems with cords being unplugged overnight. If they had them out during the day they were damaged by the landscaping contractors. Obviously running power lines like that when raining isn’t ideal. I live in the Pacific Northwest, it rains a lot.
Maybe the people with EVs could negotiate with the apartment management to set up a charging area. But that requires enough people in the complex owning EVs to make it worthwhile for them to spend that money. This is an issue for anybody who lives in an apartment. The infrastructure to support EVs is not there and there are very few landlords are willing to spend the money to build out that infrastructure.
The two people in my complex who owned EVs got rid of them in favor of high mileage ICE vehicles. The other moved.
I mean why should landlords be forced to pay for other peoples cars in the first place ?
You dont see them placing mini-gas stations for other tenants either.
One big issue is the secondhand market and not knowing how to test if a used battery is good
Remember like 3 years ago when these fools were trying to convince people that electric VTOL jets were right around the corner?
That was just Musk.
@@jameskelly3502 And his followers.
Which people do you mean by "these fools"? Because i have never heard of it?
Recent reports show that EVs actually have more problems than ICE vehicles. EVs chew through tires like they're candy. Insuring EVs costs a fortune. It takes the mining of 500,000 lbs of material to source enough lithium for 1 car. In summary, EVs are less reliable, costly to maintain and insure, and not particularly environmentally friendly, IMO.
The issue is with an ICE car, if something gets broken, you can replace that single thing which broke.......with an EV, if the battery fails, you have to replace THE WHOLE battery.....you are talking of a $500 repair vs a $15.000 repair.....
Also, the EVs are so heavy, their tires needs to be replaced 3 to 4 times more often than regular ICE cars, add that to your expenses..........one youtube with zero BIAS did a honest face to face comparison between similar $$ range of ICE and EV.....he realized there was no $$$ difference......BUT, then you had to account the amount of tax refunds the EV was getting, and the difference in gas prices for the ICE along the country.........if you took that into consideration, owning a ICE was WAY MORE viable regarding your economy (several thousands of $$$ saved each year)..
PLUS, the ICE was still valuable after a couple of years if you wanted to resell it....the EV on the other hand is WORTHLESS if its used.
Ive always wondered why hybrids aren't doing gangbusters. I think thats a better long term future. You could even do like hybrid desiel and make cars/pick ups that can drive cross contry damn near without stopping. Im no engineer though so maybe theres a reason we juat went right to full electric
Because consumers were lied to about hybrids. People were told hybrids were the least reliable cars; they are the most reliable.
@@موسى_7I’ve been in many “Hybrid” Camry Taxis where the NIMH battery was dead, making the car just a gas car, with extra weight (the battery) to haul around. Hybrids are the worst of both worlds, more complexity, more to fail.
This situation is unique in the US. Not on the other side of the world.
This is what happens when reality finally catches up to irrational exuberance mixed with a heavy dose of willful blindness rooted in ideological bias with a hint of government market intervention. And it was entirely predictable. The only question was "when?".
I see you have actually studied how economics works and can see beyond the next few years. Nice.
New WSM video at 423am? Ok I’m here for it
It’s morning on the east coast tho
It's 420 somewhere 🚬
Because everyone who was thinking about buying an EV has already bought two. For most people, ICE or hybrids are still the most practical transportation option. Or simply not owning a car at all and relying on rideshare or public transport.
So glad we bought our Model Yp. What really got us was the test drive. At the time we were looking at a new SUV for our growing family and test drove several new models of gas and diesel automobiles. On a whim, we drove a Model Y. It completely changed us. The purchase price was a little less than the model we were loosing at, and the amount of storage is much greater.
What has really become apparent is just how cheap it is to drive. Compared to our second car, a Ford Everest it seems it is almost free. The Ford has the famously problematic ‘bi turbo’ two littler engine with the famously problematic 10R80 transmission. The engine oil changes, 2 differential fluid changes, brake pad replacement, transfer case service, plus the engine air-filter was always so time consuming. All the protect the 800 moving and wearing parts in the driveline. (Did I mention the universal joints) Just driving to the shell station to put $70 of diesel in the tank costs money because it’s only necessary because we own that vehicle, not because we want to drive the fuel station. To go to our favorite beach with the kids would cost $70 to fill up the truck. We would use the Ford a little when we were down there and fill up again to get back. With the Tesla, even if we use more expensive, third party chargers, it only costs $13. One way. (We fill up at home going down so it is half price going down). All in a car that will have a longer useful lifespan and more room that accelerates faster than my old corvettes.
This article has a few clever omissions, about the best selling vehicle in the world is currently the model Y and the 50% drop in battery material cost of late. The reduction in the rapid growth for Model Y sales is that everyone(except this author) knows the new version is coming, which doesn’t happen every year with Tesla.
We are selling the Ford and will replace it with another Tesla when the new version is available. It’s an easy choice.
@@bearlemley Finally some sanity in this comment section. We also have a Y and also a 3. Best decision ever. My commute is 50 minutes/day roundtrip. We’ve had to repair the Y a few times after fender benders and it’s fine. People are exaggerating like crazy in these comments. Charging is easy, both at home and on the many road trips we’ve taken. The cars weren’t super expensive either (we got them second-hand from Tesla). These cars are amazing and I will never, ever own an ICE car - gross.
Demand for evs Unlimited, LOLS , but so sad for anyone who bought one :(
why? they work fine.
@@ThatGuy-bz2in HAHAHAHAAA nice comedy!........glorified golf carts
I think only rich people brought it also many who wanted 2nd or even 3rd car, so no sad thing for them.
I don't think BYD is struggling
What a surprise, the company funded by the CCP is not struggling.
BYD is not purely an electric car manufacturer
@@DeadNoob451 BYD is funded with highest profit margin in the auto industry, note not EV industry, auto industry.
America is just sore because after billions in IRA and state subsidies American cars are still junk.
Maybe fix your education system first so you can produce people who can add 2 digit numbers.
Any company owned by a government is NOT a business... They are simply keeping their population employed. Think about that for a moment.
Your content es getting better guys! You should promote your podcast some more!
10:59 Steve-O from the parallel universe looks great
"Because they're very expensive and worse than normal cars in almost every way."
A big reason people bought EVs in the first place was due to the taxpayer-funded government subsidies. Those first gen EVs are now to the point where the battery has to be replaced, but there is no subsidy to buy that replacement battery... and it is as almost as expensive as buying another vehicle. EVs should never have been subsidized by taxpayers in the fist place; they should have been sold in a truly competitive market just like everything else. The result has been lower income taxpayers being forced to pay for a big chunk of those EVs that were mostly sold to people with higher incomes.
Then you have Creepy Joe saying "rich should pay their fare share! we should rise taxes!"..........but then, you have the government giving tax deductions to rich business, and tax refund to rich consumers so they can show off they care for the environment (thou they still allow little african children to harvest the cobalt with their bare hands).
No tish, Joe!! If you want rich people to pay more taxes, remove the tax subvension on EVs.
so you think high wealth individuals should pay highly taxes? me too good call. Feel the burn.
They can be really cheap with no taxpayer subsidies if they let in the Chinese EVs. You have to choose between that and subsidizing the domestic production while slapping tariifs to protect them. Sort of like with computer chip production that got exported to Taiwan and China. Pros and cons to both sides.
In the future when the Middle East runs out of oil that can be cheaply pumped, ideally, you want the gas cars to be near the end of life when gas prices spike like 5x, and working families can't afford to drive them. For the Middle East, it's in their best interest to claim they have lots of oil left so that people keep buying gas cars, causing the number of years of oil they have left to go to 20 to 50 to 100 years quite magically.
Just bought an ex demonstrator for £19K. First service in 3 years. £2.60 a month energy costs on home charging compared to £50 a month petrol and no visits to gas stations ..... No oil levels to worry about..No water to freeze in the winter.... No gears to change....20 moving parts to go wrong instead of 200 in a petrol engine....Almost silent running like driving a Roller....Amazing torque and so much more pleasurable to drive....
When buying a 40k EV to either save money vs. an ICE or to “help the planet”😂 and considering that battery degradation is unavoidable, when does the return on “investment” go from red to green
Does he care? He’ll just move on to the next grift.
Yeap you know It.
Tesla is doing great
Exactly
@@IvanPlayStation4LiFeStock price is down 10% over July last year.
@IvanPlayStation4LiFe depends on the earnings ...
@LaVidayElTristeFinal
0 seconds ago
Terrible inconvenience for charging, range anxiety, dismal resale value, higher tire replacement rates, very high repairment costs, higher insurance costs, fire hazard, low reliability, poor performance in extreme weather, and on top of all, they are terrible for the environment. The mining for rare materials for EVs has a high environmental impact, and most of the electricity is produced with fossil fuels anyway. So, EVs are doomed to fail. If they were good, the government wouldn't need to push them with all sorts of coercive quotas and subsidies, the market would adopt them organically.
"The mining for rare materials for EVs has a high environmental impact" ??
Yes, but its done once, and then the materials get recycled. The Petroleum industry is a big Cobalt user. And of course , you totally ignore the environmental effects of fracking for Petroleum.
"most of the electricity is produced with fossil fuels anyway."
Even so, EV's use this power more efficiently. Its more efficient to produce power from Coal, using 80% efficient steam generation, and then use the electricity to drive a 90% efficient EV, than to run a dirty 40% efficient Diesel vehicle, that distributes its particulates all over populated areas.
@@dnomyarnostaw: Mining for the minerals needed to make an EV requires moving about 200 tons of soil, and it’s all done using fossil fuels. Do you know how many miles should the EV drive to compensate for those emissions? Plus, once totaled, EVs often sit in junkyards without being recycled.
@@LaVidayElTristeFinal So, what you are saying is that mining for steel, drilling for oil and transporting the petrol to and from refineries isn't significant for fuel cars? Yeah, sure!
And as for "EVs sit in junkyards once totalled" is complete nonsense. There have been three recycling centres opened in the USA in 2023 alone. You are just repeating silly stories.
Unlimited EV demand sounds like insatiable growth in the Chinese economy - it's so big it'll never run out... until it does.
The rush to market with unproven products and a lack of infrastructure and a national power grid that cannot support it, what could possibly go wrong?
Import the BYD Dolphin and see what happens to EV demand.
What does it cost in the UK?
I do not think the firefighting services are able to deal with that.
@@DeadNoob451 If they can deal with backward western NMC battery tech they can easily handle LFPs that are inherently immune from thermal runaway.
Western civilization is just at a lower tier than China, nothing can be done with it other than a few million years of evolution.
@@DeadNoob451ICE cars catch on fire at a higher rate than EVs. Google it.
The general public is aware of the problems that come with electric cars now.
And they are many
@@billmyke746 what are the problems?
What are the problems? In the Nordics we have tonnes of EVs.
@@scrumtious1 expensive repair costs, poor range, degrading batteries to name a few
@@buckbreaker5185 poor range for whom? Most ppl I know drive fewer than 30 km per day... 50 km max. My mate's Tesla has a 10 year warranty on the batteries. Batteries only degrade if their temperature isn't managed well which was a problem with from 8 to 10 years ago. I'll give you expensive repairs, that's definitely true.
Didn't he say his company isn't an automaker but an AI/robotics company? This seems to have fixed any stock hit they dealt with.
The huge demand for EVs had always been artificially propped up artificially by government incentives. Now that the incentives are (almost) gone, so is the demand
In my opinion, a hybrid system just make so much more sense for far more people who dont have at home charging. Consumer reports also states that hybrids are far more reliable then pure EVs.
I agree.
And Hybrid sales are still strong.
Yeah man, I just got a sweet Camry hybrid
@@boompoe did you get a discount?
I'm surprised that people still are buying cars without hybrid systems. Why are there pure ICE cars when hybrids are so good?
@@موسى_7 Answering for myself, it's because ICE cars are easier for a mechanically inclined person to maintain and repair.
Look at all these poor people who think EV technology will get better. What do you think manufacturers are waiting for? A shooting star to grant their wish?
Batteries already ARE a mature technology (which makes up a significant portion of both the car and its potential issues). This is the end of the road. If they can’t fix basic problems with cell phone batteries there’s 0 way to put that on a giant rolling vehicle.
I highly doubt that innovation within ev technology has completely plateaued. Even if batteries technology is mature there’s always improvements that can be made and these people hire the smartest people to do that
I think they still have some progress to make. Like 50% better than today's batteries.
Keep hoping keep coping
EVs aren’t “struggling”. Growth still continues. Prices are not sales. Tesla is finally having seasonal sales variations while high interest rates and poor economic sentiment weighs hard on the expensive EVs.
The market is huge for EVs. It’s most of the whole automotive market.
The reason I don't buy an EV is simple. I live in an apartment that doesn't have a charging station where I park, so I'm unable to charge the vehicle overnight. Plus there isn't a Tesla supercharger that's close enough for me to use and even if there was I would be forced to use the supercharging functionality each time, which would wear out the batter faster. So for me personally an EV is impractical so I use other things like public transit. Which is honestly what we should be investing in and electrifying anyway. Electric cars will not end the USA's car dependence or poor urban planning, which are the real issues we need to be focused on if we are going to stop climate change.
The industry was never profitable. Now they can't borrow anymore
Tesla makes the highest margin per vehicle for any car manufacturer.
Patently untrue. Certainly true that many carmakers‘ newly-established EV business segments are unprofitable, Tesla and large Chinese brands which have had years to establish themselves are profitable even now after price cuts.
@St.Maurice and yet the company is making very little money, so little that if it weren't for subsidies they'd be losing money. I am not aware of any other green energy company recording a profit
@jamdoodles Chinese car makers are universally ponzi schemes due to extreme price wars where new cars sell for the same price as motorbikes
@@samsonsoturian6013 tesla has over $20 billion in cash reserves. Try again.
The title is very misleading, it's not just EV makers that are struggling. Stellantis is about to file bankruptcy and they have laid off like 1/3 of their workforce. Dealerships are closing left and right. Cars in general are not selling any more.
Evs are going more down than combustion. What do you not understand.
‘Stellantis is about to file bankruptcy’… (checks Google) A joint venture with China, not the entire corporation. Details matter.
Green energy has never been profitable. End of story
Got a source for Stellantis about to file for bankruptcy?
@@maasicas That isn't correct... most Auto makers are seeing sizeable increase in EV sales. Mainly Tesla has had down numbers, Toyota EV sales are really high, especially BEV.
My point of view is that governments, policy wonks, will maybe be forced to confront the actual big time emissions plaguing the air and water like pharmaceuticals, medical industrial, plastics pollution. Cars have been an easy target for being so visible.
They are more expensive, less robust more prone to weather fluctuations, charging vs tanking is a lost fight, and if the catch on fire you are cooked. I mean unless regulation forces them mist people will opt for regular or hybrids
We recently tried to get a Toyota Rav4 hybrid, they say the minimum wait time was 6 months but some people have been waiting a year.
Current Tesla wait time. 2 weeks. And I think that is standard on any available car. Our Mazda is ready but they said 2 weeks.
It seems that's the way the trend is going.
only in US, because no one makes enough chargers, in China EV cars are already more than half of new sales, and yes they installed millions of chargers anywhere. Taxi drivers there are making a killing, spending 1/10 of what they usually spend on gas.
In China ev are heavily subsidized
China is forcing people to buy EV with limited registration for IEC cars, people don't want EVs, not many can charge at home, but people can't buy ICE cars because they can't register their cars
Are they half of car sales or half of vehicle sales? Doesn’t china include electric motorcycles and stuff in their ev count
well is a good thing isn't it? Don't you want cheap cars? 😂 I swear some of you have a slave mentality, usless, of course, you own a car company
@@austenmoore7326in china electric car and electric motorcycles are two completely different categories
Battery replacement cost has started showing up. Also, massive depreciation of existing vehicles.
Another issue, in the UK at least, has been the infrastructure; accessibility to charging points outside of cities. Also, while they tout the environmental aspect of these cars, there are problems with climate friendly disposal of the batteries.
I wanted a Tesla a few years back but Elon became Elon and my excitement for Tesla went away.
This video is like a warm comfy duvet to snuggle up in for those who hate EVs.
why would anyone hate EV's? Even if you don't want one, what would cause you to hate them?
@ThatGuy-bz2in Because a big chunk of the taxes that I pay have gone to EV buyers as government subsidies. Even though I could not afford an EV, I still had to pay for a chunk of the EVs for people that were much better off than me. If the EV's had been sold in a truly competitive market, we wouldn't be having this conversation today.
People don’t have EVs people hate EVs being shoved down the throat because politicians stand to make big $$ from it (take wild guess what stock most of our congressmen own apart from big tech cough it is Tesla).
Guys. At some point the technology will mature but still won’t be available to everyone. If we ever seriously consider to decarbonise we need to use multiple sources and systems. The issue is that the technologies available are not the one size fits all type. If you want to understand the landscape, just take a look at the laws implemented by western countries. It’s not a secret, they just don’t shout about it.
I am a younger adult, and my only EV owner friends are status seekers with short commutes.
I believe the same thing happened when cars with combustion engines began becoming available to the masses 100 yrs ago... Lots of bankruptcies and industry consolidation.
It's only EV autumn. Winter will be in a few years when everyone will want to sell their used evs because they won't have money to replace the batteries.
It’s extremely rare that batteries fail. Just an urban myth, don’t believe everything you read on the internet.
Batteries typically have an 8 year warranty. Once that runs out residual value will approach zero as a defective battery will total the vehicle.
@@tellyboy17 Please do actually look at used market prices for 8-year old EVs. Unfortunately even those old EVs are not that cheap. Would be great if they were (for any potential buyer at least).
@@geraldh.8047 For now 8 year old EVs are pretty rare which props up value. Also dealers can offer new battery warranties to create value but the person who traded in that 8 year old EV will pay the price for that.
Not a single mention of BYD or other Chinese makers? This analysis is way too narrowly focused on US makers only, ignoring the massive influx of Chinese brands at competitive prices.
Just on a technical note for this video: The audio level consistency was not as well controlled as your previous videos. Just wanted to say that in case there is a new process used or what have you...
I’d only consider buying an electric hybrid car. The small electric battery is more than enough to take me where i need to go in my city.
Funny enough, EV's in the winter where it's really cold is not a great idea.
@2memeornot224 Actually that isn't accurate, in Norway 85+% of all new vehicles sold are EVs. They have the highest adoption rate in the World. In Canada EVs are very popular and seeing high adoption rates. EVs not working in the cold is old news, this was a issue 5-10yrs ago, not anymore.
Even in Southern California it's not a great idea. My Wife's car which had about 20 miles of range left was out of battery just sitting in our driveway for 4 days when we went on vacation.
Yet in the Nordics we have plenty. Norway isn't warm last time I checked. 😊
@@bonbonjovi4836 Stuff happens, that isn't normal!!! Many people leave their cars parked without that kind of vampire drain. What is the year, make and model, there must be an issue.
@@scrumtious1
Norway is rich, they buy their way out of problems
GM buying back shares after stealing all the shares in 2008 is disgraceful. They should have to payback ALL their shareholders first.
They have paid All back, I know because I got paid.
Blame the system, and blame the Dodge company for making it this way.
If only that happened.
They did payback
@@ehfoiwehfowjedioheoih4829no they didn’t.
One issue that wasn't addressed here was the depreciation value of EVs because of gas prices, tax incentives and how it affect it's used car market. Used EVs also tend to have much lower battery capacity and are VERY expensive to replace, who would want to buy an expensive used EV that at best has a battery life at 75% and will need replacing (which can easily cost $5k+) sooner rather than later?
Prices are high, technology outdates fast so resale values are low, and environmental impact of battery production and recycling offsets most of the reasons to switch to EV, so for regular consumers it’s a financial disadvantage to switch to electric
We also have to remember charging issues. The best place to charge is in your garage but in this economy, many people can't even buy a home to park that EV.
Poor people always have the option to ride the EV bus 😂😂😂😂
If I'm going to spend 50K, I'm gonna want something that's reliable, cheap to service and repair, not reliant on potentially buggy software, can be refueled quickly anytime and anywhere and last me for the next decade+ with little degrade in performance. I may consider a hybrid but pure EVs are still too "early adaptor" for me with the technology constantly and quickly evolving.
So instead of an EV that barely needs any service at all you want a hybrid where you need the maximum amount of service for two different interacting drivetrains. Insane.
@@geraldh.8047did he stutter?
@@MatthewMS. I have not had a voice conversation with @LizardSpork yet, so I can’t tell, sorry.
@@geraldh.8047 If they don't need servicing why do EV's constantly sit at the bottom of reliability surveys yet an average hybrid doesn't?
LizardSpork wanted something not reliant on buggy software (which is the antithesis of EV's), as well as the ability to refuel quickly and anywhere which EV's cannot do.
@@geraldh.8047you know nothing about hybrids and cars in general.
I know for you EV soyboys replacing oil and filter is something terrifying, but that’s pretty much all service hybrids require. And spark plugs once every 100k kms. Brakes last very long, batteries last forever … . And you can refuel in from 0 to 100% in minutes, not hours.
Cobalt in Batteries ??? Why are you two years behind ?
"By 2024, many electric vehicles use Lithium Iron Phosphate batteries (LFP), which do not contain cobalt. Example vehicles are Tesla’s standard range Model 3 and Model Y and Ford’s standard range Mustang Mach-E. Most high-volume auto makers are switching to LFP batteries."
I ended up leasing a 2024 Subaru Solterra for $8500 cash for 3 years. I could not justify putting out $50K yet and I did not qualify for the $7500 Fed credit since my income was too high. But on the lease deal you get that credit regardless of income and don't have to wait for the tax credit. I also got the CO credit off the rental price as well which is $5K. That was worth the try for me. It's an incredible vehicle.
Cars catching on fire and burning down peoples houses is a problem.
I don't want an EV, but the government is pretty much mandating me to get one these days.
Many of my colleagues didn't want one, but were already forced to choose an EV over an ICE due to government regulations.
As such, even though we are currently a small market, demand is being driven up artificially by government regulations (and/or incentives). The EU has already stated it's plans to ban ICE vehicles in due time, so that's another artificial demand booster on a larger scale (though still a while off).
@ThekillingGoku No one is forced to drive an EV....for about 10 years. Government won't force people to buy EVs. The cost savings of owning and EV, plus the lack of supply and higher costs for ICE will drive people to EVs. What many people don't know is that ICE vehicles are not very profitable for most Legacy Automakers. They really make their money on the financing. EVs when made right have higher profit margins: there are less parts, labor and supply chain needed. For the Automaker there is less warranty costs as well.
What is going on now, is that Legacy Automakers are struggling to make profitable EVs and that is what has created the lull in demand.
Legacy auto is struggling to make compelling EV's, just like Jim Farley said. That is why legacy EV's are not in demand, but Teslas still are. Same in China, BYD is not there yet.
@@menotyou1234 I totally agree, but I would add, Legacy Auto is caught between a Rock and Hard place. Moving to EVs means they are in a competition where they have little experience or know how. In fact they are the underdog. Not to mention EVs compete against their core business, where they have experience and know how. Most legacy auto makers have an aging work force and I could go on and on. It isn't surprising that they have a tough time of it, the other question, they will not all survive. The Chinese Brands have a World Wide market that is pretty much all to themselves. The slower EV adoption happens in EU and US, the more ground that is conceded to the Chinese Brands. It is just basic economics, some legacy Auto will not be viable.
Anyone who bought a Tesla 3 a couple of years ago must be delighted that Tesla has reduced the price by 20% since.
THe oher issue is that once you drive an EV out of the showroom, the depreciation is horrendous.
I'd be interested in a video about the chines EV makers. All I hear that they are "crushing" everyone else, but at the price they are selling they probably sell at a loss like everyone else. I wonder how they are really doing. I mean are the legacy brands are probably quite happy about EV being a bit sluggish right now, it thins out the competition from the EV only crowd while they can still make money from selling ICE cars while catching up with EV technology.
Every time I see a Tesla Cyber Truck on the road I 🤮.
EV's have always been a scam. They never should have pushed full EV's and kept going with Hybrids. Hybrids make more sense.
If you want to change stuff, then go for LPG, which has a lot less of CO2 emissions, and you can convert any car into that, or make it a hybrid version for small investment...........the whole EV move is nothing more than a scam.
If you investigate a bit deeper, probably lots of Washington swamp politicians had lots of $$$ invested in the lithium market since the last 20 years....
At Honda, we partnered with GM to build our EV’s as well as for the Acura ZDX. I hated that Honda made that move at first. Now it looks like that was the best move. They can end the partnership at anytime without being fully invested into building out their own facilities and could test the waters best this way
Interesting analysis. Can predict the future market?
Musk can do as many high school scifi projects he wants, but Tesla is stuck as car manufacturer. LOL Nothing Musk promised in last 10 years has panned out.
There are several reasons the EV market is failing. Demand has gone down because peopld no longer have funds to purchase one of these cars. Thd infrastructure isn't designed to support these vehicles, there are ethics concerns, environmental impacts, and maintenance concerns as well. You also failed to mention many Americans want to reduce dependency on cars entirely, walking and public transportation is more "cost effective".
For E.V. it's getting there but atm in some parts of the US there isn't enough fill up stations or they're broken the only company caring for them enough atm is Tesla and pretty much everyone that wanted a E.V. has one and another reason to note is the people that don't have one don't know what to expect from it and batteries within less than a decade lose their power so for all i know my E.V. could become useless within a decade or less depending on how much i use it. We try and try but it's just gonna be a while before we replace gas cars or vehicles of the equivalent.
Toyota was smart to weather the frenzy and focus on the hybrid. The novelty of EVs is declining and more people are focused on affordable and environmentally friendly cars.
Folks don't want no damn ev.
Speak only for yourself
@SICHTKRAFT it's a statistical fact as shown in the video. People simply aren't buying eceb when everything needed is available
@@samsonsoturian6013 so you hear "there are less sales of EV's right now" and you assume that means no one wants an EV. You are just choosing to hear what you want because that is not what those numbers say. There's people that just wanted prices to come down more. There's people who want better charging infrastructure to be built 1st. Not buying one right now doesn't mean they don't want one, or that they won't buy one in the future.
Anyone else see an EV on the road and think the owner is a self righteous idiot?
They are the worst kind of idiots I ever saw.....there is a soy beta (in Chicago, I think) showing he has to drive 45min to his nearest supercharge station (and he has to do it at 11pm to avoid queue), while its -10 degrees........then he had to wait 1h so the battery warms up to accept the supercharge.......then he had to waste 1h more to supercharge it.....then he had to drive back home, losing almost 20% of the charge!!......so, after wasting literally 4HS of his life to have an 80% charge... and worst part is each step, he was repeating "OH!! THIS IS COOL!! I HAVE ONLY TO WAIT 1H FOR THE BATTERY TO WARM UP! THIS IS GREAT!"............the delusion on those betas is beyond belief.
Yeah probably but let's give em the benefit of the doubt, could be a company car
@@rusm5710 does Elon travel in EV cars?
or just suckers...
I am shocked at the success of Rivian. I must see 10 of them a day.
car makers just need to hold out until gas/diesel is made illegal, then the EV market will be profitable!