Still waiting for all these cheap EVs to hit Canada. And for all the price cuts of Tesla to reach us, too. Because as of right now, the cheapest Model Y in Canada still starts at $70k. Prices are going to have to drop by a LOT before I'll consider selling my ICE vehicle for an EV. Because I just can't afford current prices. Not even close.
Canuck here too, totally agree. If prices drop like a rock, it won't be in North America. This might happen in isolated markets. North America likes their service and support, not gonna get that from China
Interesting.. Here in the UK I think things are happening much more slowly. One of the biggest problems is the fact that the vast majority of average people would find it very difficult to charge their cars conveniently. A large percentage of them would not be able to do so at home, due to the lack of access. Also, people in most (except the more modern) multi-storey residential buildings (flats) have no hope of getting access. Chargers in public places (eg shopping malls) are still very low in numbers. Charging at work is still a pipe dream, and anyway a lot of people commute to work on public transport (congestion tax!). Thus, the numbers are growing quite slowly. One hopes that the charger situation will improve.
I agree that's the perception, but the fear is completely overblown(mandatory bias reveal - I don't have a driveway and am perfectly ok running my ev. ). But let's war game it. You need one single driveway to service 14 average UK drivers(140 miles/week). That's with a regular level 2 charger, no fancy 3 phase or fast charger. There's already apps that allow you to share the driveway, just book your timeslot and job's a good one. If not, a using a fast charger at the local supermarket - like my morrisons for example, is enough to add a few days worth of range during a 20 minutes shopping session. I can also drop into town for a coffee and just park my car and charge it there - free parking while I charge at a slightly higher cost than i would at home(39p vs 33p - it would take 40000 miles driven for it to be worth to install a charger at home vs using the one in the central car park in my case - and that's the cheaper chargers, not the fancy ones. if i'd add the cost of getting the kerb dropped i'd get into hundreds of thousands of miles before i would see a return). It is very convenient and very nice to have a driveway and a charger at home, but it's in no way mandatory to get around just fine without any issues.
@@Costopher Thanks for taking the time to reply. It's good to see innovative ways to get around such problems. Also, with the way things are going it looks like a given that one will have to switch sooner or later! Not my generation, of course! However, will the "public" chargers not become increasingly congested, as more people get EVs? I know they say that more will be installed, but one doesn't see much improvement, certainly not in our area.
@@dennisleighton2812 no problem. Of course public chargers will get more congested. More are being built though. You might not notice them, but between the end of 2016 and 2021 the charge point network grew four-fold from 6,500 to more than 28,000 devices and between 2020 and the end of 2021, close to 7,500 charge points were added to the UK network, a growth of 36%. 36% in a year! Also, while rapid and ultra-rapid chargers only make up around 20% of total devices, they account for around 60% of the total capacity. These are just the public ones. The average UK driver will need to charge once every 2 weeks on a slow charger. Slow chargers can be installed quite quickly/easily on existing parking lots. And I'll bet you a pint that your generation will see the full switch - it's going to happen over the next 5 years. Ofc, there will still be petrol cars around, just as you can see 100 year old classics on the road today.
@@Costopher Sorry, that is what I meant about my generation - we'll carry on with ICE cars till either we drop or they stop! Man, I even battle to keep up with my old I-phone 5+! How would I cope with a Tesla? 🤣
I have noticed that 2nd hand EV prices are dropping. Been looking at a Tesla model 3 at the start of the year the cheapest I could find was£24000 and have just found one for £19995.
@@jebes909090 the vast majority of people average 7 miles a day in my country, mostly on the weekend. The vast majority of people think they average 20 miles a day. At the true rate, a typical ev’s battery will last 20 years. Obviously _you_ are driving lots of miles a day and will break your battery with all the fast charging within a year and you definitely don’t overestimate your car use at all, but most people don’t drive as much as you, so it’s fine for them.
My gasoline powered five litre Jaguar f Pace SVR doesn't seem to have depreciated in the last two years. I bought it as a two year old used car, resale value now is about what I paid. No range anxiety, drive for hours and a few minutes to refuel. I have zero regrets and it's been a lot of fun.
Can't wait to get a great EV the same price as ICE car here in Aus. The thought of charging it in thr comfort of own home and anywhere with a power plug is quite liberating.
@@finnderp9977 I personally say yes. It costs me about £39 a month to charge my car (I do it overnight), that’s £1:30 a day. A few hours on my charger when I’m not using it is not going to cost me much.
Yes, I'm sick of the petrol stations changing their prices day by day and you try to time when is the the best time to fill up the petrol before they raise their price all of a sudden. I would rather charge the EV at my garage, knowing full well the price of my electricity charge.
Loved this video. You said the EV revolution is here with such conviction, and I believe you. It is Friday, 10th March 2023 and we gonna reflect how quickly the EV revolution took place, and I wonder where will the Tesla share be I five years.
There's going to be a glut of cars in general at the end of this year because of increased production and lack of sales thanks to a global recession and high interest rates.
No. New ICE cars are hard to get, still long waiting lists. People are getting paid to cancel their orders on ICE cars. And we're not talking some exotic brands here in Europe.
@@aleksanderkac7530 Dealer inventory is on the rise over the past six months in the US. Two Chevy dealerships near me have already seen their numbers go up from about 30 cars to 120. They even have Corvettes on their lots which hasn't been a thing since the C8 came out. Ford just started scaling back their truck production recently.
Chinese citizens have no money to buy cars. US are struggling make EV's, except for Tesla. Tesla stated they've got new battery tech. Australia has high interest rates and expensive electricity. I'll keep driving my diesel Subaru for at least another 10 years.
so you only travel 30 ks a day..they cost more, they kill kids, miners, its a dirty industry. its costing billions to re tool, re manufacture, its a complete new industry, . wind farms cost more to re cycle than they produce,. solar is not re cycleable..its a bs industry by the greens..leftists..its not sustainable..oh, we have nuclear,,yup,,you can have that in your back yard,,not mine,,chernoble, fuckashima, 5 mile island, ect ect ect. its bs..not clean..niether are EV,s.. lpg is what they should be promoting, seeing its a waste product & gets burnt off in the oil industry..all gases can be pulled from the sky,,co2, oxygen, helium, ect..
it takes 70 yrs of driving, to re coupe the manufacture cost of an ev..a gas engine will last forever, can be re built indefinate. the industry is here now, for the last 150 yrs,,whats your problem,,??..climate change / global warming is bs, by the greens, again..leftists ass holes. controling the world with fear, worse than religion..
I’m part of the “driving my old EV until the wheels fall off” collective, but I appreciate commentary on the market, in case that day comes sooner than I’d like.
Well done Man for even mentioning Shanna without breaking down, I know where you are at, and it's a struggle, but good on you. Fingers and toes crossed. Currently, things may change, the cost of 1KWH is 28 pence via my energy supplier and our EV does 4 miles per KWH = 7 pence per mile. (zero road tax) Our "long range" diesel does 62 mpg on a run, but around the houses does 50mpg. So using the EV around the houses, should save that more expensive option. Not sure my workings out are correct but here goes. £1.50 per litre of diesel x 4.5 = £6.75 per gallon. 50mpg equates to 13.5 pence per mile. 62mpg equates to 10.7 pence per mile. 08 reg Skoda Fabia 1.9 NO dpf. I know I can get a cheaper electrical supplier, but that means a standing charge, setting up charger times blah de blah de blah. Bring back the good old days.
Didn’t you suggest couple of weeks back that EV prices may rise, using a Tesla as an example where Model 3 is the cheapest it’s ever been and it’s time to buy. I suppose it’s just a prediction that can change based on new data points so we shall find out :)
Well spoken Sam. Prescient. So many complaining about the lower price of this year's model c/w their 3 year old model, and cannot see beyond the asset/resale value.
My Bolt EUV finally arrived, and I love it. More-expensive EVs might go down in price, but few will match the bang-for-the-buck that the Bolt is, even though they'll charge much faster (not a problem for me, as it's my commuter and I charge at home).
What is your plan when it starts of fire and burns down everything around it or are you just going to live in denial and pretend that won't happen to you because those things only happen to other people? Serious question, not trying to provoke you.
@petebusch9069 -- Yawn, the same lame propaganda over and over. 20 out of 140,000 Bolts burned in total (0.00014%). My Bolt has the N2.2 LG chem battery, which isn't recalled, and zero of them have burned. Gas cars burn far more often, though ev batrery fires are more difficult to put out.
Wonder if Aptera can get their hands on some of CATL or BYD's sodium batteries to do a battery pack refresh. The idea of a 400 mile vehicle with no lithium, better temperature tolerance and better safety for way less is kinda awesome (math for volume and weight checks out).
@@rozonoemi9374 Aptera definitely isn't for everyone but if you give it some thought it has a few niches beyond the obvious solar/commuter angle. It is the cheapest EV sports car with good acceleration and unique yoke with very fast lock to lock steering (no hand over hand like plaid). It is the best EV vehicle for renters or condos that can't install chargers. It is the cheapest long range EV by far. Right to repair and likely (not officially confirmed) fully access to superchargers are also kinda a big deal for those burned in the past. It sucks it doesn't get the tax credit but that is political BS beyond the control of the company.
I ordered an Xpeng G9 in the Netherlands. It's around 30-50k cheaper than a roughly equivalent Audi/Mercedes. BMW ran out of parts and only sells air suspension on the IX m60 at 137K lmao. The G9 performance with nice interior costs 76K.
The time to buy an EV is as soon as you can afford one, since the savings in operating costs put one ahead. My ex wife bought a Chevy Bolt to replace her aging Nissan Pathfinder a few months before the price of fuel shot up. Before the price of fuel went up, her payments on the Bolt were the same as the cost of gasoline for the Pathfinder, so her costs stayed the same, but she got to drive a nice new EV and enjoy the pleasure of one pedal driving. After the prices of fuel went up, she figured she was saving (earning) 50 to 150 dollars a month. The Pathfinder has been relegated to dump runs and for use during snow storms due to having 4 wheel drive.
Unfortunately there are no compelling EV minivans in the US yet. For my family needs, we can’t transition away from our Honda Odyssey. And I know a lot of other families here that need their minivan over an SUV because of the number of small young children in the family. Having the sliding doors, lower entry height, and ability to put 3 car seats side by side in the second row, make certain minivans indispensable. Looked at the ID Buzz and it wouldn’t suit us. Waiting for an EV Honda Odyssey or perhaps a Tesla passenger van will be introduced in a couple years?
look into a company called canoo based here in the U.S and their manufacturing plant is in oklahoma. They have a cool van and truck and a ups style work van. I believe the van is how they will get their source of revenue but the truck and van are their premier vehicles.
@@freshandsaltyjohnny I checked them out, but their van only allows for 2 seats in the second row. We need 3 side by side in the second row. But thanks for the suggestion. I had previously looked at them from an investment standpoint. Personally, I find their styling a bit too out there for my taste and can’t get behind it. Time will tell if they gain acceptance.
Speed , as the generator needs RPM , think you could use a larger generator with the weight and speed of the water , a 5m head of water is a fair pressure thro a smallish jet
Happy to hear that battery prices are coming down. I have maintained that demand creates supply. Also supply ramps create oversupply . However we are still in a place of high battery costs at least in the US. Costs are not down. We also do not have a lot of chargers yet. It is changing but not fast enough.
Ugghhhh so sorry to hear your wife is battling with cancer..... I know..... Ive had 3 types fighting for my life .... BUT IM STILL IN THE GAME BEST OF LUCK TO YOUR WHOLE FAMILY 💜💜💜💜💜
Good to know! And, it all makes sense now, the market is getting crowded. I've been shopping for an EV, but don't need it yet, so I can wait. small detail: it's "EVs" not "EV's". Common mistake. singular possessive: "My EV's power comes from a socket in my garage." (Subject is power; EV's is adjective. The power belongs to your one EV.) plural: "EVs are taking over the market from gas cars." (Subject is all of the EVs; verb is taking; object is market.) possessive plural: "EVs' market share is growing." (Subject is market share. Adjective is multiple EVs' : the market share that belongs to all the EVs)
Hi Sam , Thankyou. Your posts ask some serious questions for us to consider. Certainly when confronted with what's actually happening in China and the flow on effects. Companies can't survive losing money every hour. Great posts
If you enter an electric cars reg in we buy any car you will see there is a huge price difference between what is advertised on Autotrader and them . 👍
We have pretty crap incentives and very high prices on EVs here. But yeah, they will be getting cheaper inevitably. And with EVs scaling up, hopefully we finally will start seeing deflation on everything.
Exactly. The government has made sure their cartel can keep gouging us by not removing the grey import laws, which were introduced to protect the local car industry which no longer exists!
@@outtolunch88 maybe you missed the point about scale? It is costs of production that are going to fall. This straight-off increases profits with lower prices 🤔
I believe the EV market is going to reach its saturation limit in many countries and then the sales are going to plummet. The smart companies will learn to produce a 50-mile EV/hybrid that can still go 500 miles. Why they aren't doing this is a mystery to me. 50 miles would help many people locally and the ICE would allow long trips. This way you could own one vehicle and still enjoy both worlds.
They are/were. No one really bought them. They’re also not cheap. Expensive battery + ice motor. I drive a Chevy volt I bought used and I love it. But it’s definitely not for everyone.
@@DAThings3934 The wait time to get a Toyota plugged in hybrid is over 1 year. Toyota just cannot produce enough of them. Meanwhile, BYD produces a lot of those hybrids, by the millions, but BYD does not sell car in the U S.
Here in the USA EV sales are only 12%. Once cheaper ones come to market (that could be years, ugh) the early adopters will move aside and the mainstream will scarf them up, because getting to work cheaply is a no-brainer when EVs are the same price as gas cars. We have a huge amount of resistance, though. Some is political, because the MSM has told people what the oil industry propaganda says: EVs catch fire, they run on coal, but mostly it's the DEMOCRATs FORCING YOU TO BUY ONE because they want to limit your travel. Then there's the apartment dweller problem, There are solutions to that but they will take much time. So "plummeting" is not what EV sales will do. There will be a surge when cheaper models come out and the selection is better. Then a slowing of growth until the Luddites come around and street charging is solved. Sales as a proportion of total sales is not going to go down. Hybrids will be a niche. With everyone able to use Tesla chargers, plus all the others being put in now, range anxiety will be gone.
They make a profit Big Time. EV Cars are Cheap to Produce. E motor Cheap and Easy. Google Prices of E Motors. Few hundred dollars Google Prices of Battery Packs on Alibaba. Batteries getting Cheap. Big Time Profits for EV Car Companies. No Stopping it. Thank you Sam. Right on Mate
EV’s are not cheap to produce. Only two car companies sell EVs at a profit, Tesla and BYD (just). If it was as easy as you say all the car companies would be ramping up. They aren’t because it is neither easy nor cheap.
Hi Sam, I've heard fasting is shown to be a good complement to conventional standard cancer treatments. If you don't already know about it, i think it's worth looking into it. Good luck!
Can confirm here in Auckland we have Atto 3s and the MG ZS EV. We could use more other cars, though, Esp the MG4 and the BYD Seagull. Model Y was the best selling car in NZ in December after Ford Ranger and Hilux, so best selling passenger car. Model 3 not far behind.
Bro I know some people who got healed with zeolite and chlorine dioxide + water. In mexico many people are consuming it with great results. Pharma is a business but there are alternative options that actually works great for cancer. I consume chlorine dioxide with water and i see improvement. I dont get sick and when I’m about to get sick I drink it with water and feel normal next day or two days, it depends on the disease. I hope everything goes better.
Sam, I have a model Y but need a bigger car for the five of us so we still have a toyota highlander (which we now hate...), are there any large people mover/suv's EV's in the pipe line? Whats happening with the Tang?
@Tom Christie I don't know if the Chinese cars will make it to USA, Chinese cars have been singled out to be expensive in USA. Rivian? Lightening? Cybertruck?
What’s your thoughts about the horrible charging network in Australia? When is that going to improve so you think ? It seems like there are far too few of them and then far too many are out of order.
The price drop is already happening in the UK but mostly in used prices. My 21 plate Nissan Leaf+ trade in price has fallen dramatically this year….bought three months ago and intended to keep for 12 months before trading up for a new EV. The bottom is threatening to fall out of the EV market due to stalling demand and dealers not moving EV vehicles on so quickly( high energy costs, inflated EV prices) which is marginally being reflected in used EV prices being discounted on the forecourts. Unfortunately most new EVs are still being listed at retail prices in the UK though as you say Tesla and MG4 have shook pricing up a little. I love EVs and my Leaf is fine for my needs however I do have serious regrets about the time of my purchase given what’s happening with used EV prices now in the UK. Unfortunately I will not be able to trade up to a new EV now and will need to keep my current Leaf for 3 years minimum to partly compensate for the huge depreciation.
The depreciation might get worse. 2/3rds of car dealers in UK said they wont tuch ev going forward. Although salt batteries are better for the world, they will destroy the price of every lithium ion battery ev on a forecourt. This is such an unpredictable market and a price cut from vw or tesla can cost you thousands, most just cant afford to stock them or take the price hit. Every car deoeciates and although ev are all near the bottom, some petrol cars are close to them. The difference, the csr dealers know the petrol cars that depreciate fast and how long they take to sell, and can just fo quick maths "it will depreciate 9 percent in 3 months, it takes 2 to sell, its value is 10k now, ill offer 8k"
Cool Viking I knew and understand your first 3 points, but no 4. was a surprise to me... the full competition for batteries hasn't even begun yet! and haven't been following commodities for a while either... thanks for the heads up...
Henry Ford's THIRD automobile company - same one as today - was created by Henry and associates to "bust" the George Seldon Patent. It took several years, but after, new auto makers flooded the market. Anticipating this, Ford's business model was based on a fixed profit. His sales agenda was to reduce the cost to build cars and maintain his profit. It worked and as Ford continued to reduce retail prices, based on reduced costs with fixed profit, many car companies went broke selling their cars with no profit.
It's happening again, with Tesla replacing Ford as the main player in this 21st century scenario. And, of the legacy manufacturers, Ford seems to the best placed to survive the storm. Which is kind of amazing as, as little as 4-5 years ago, Ford would have been many people's choice as one of the earliest legacy vehicle makers to crash out.
@@coolranch1660 wasn't most of that the losses they took for book value on rivian crashing epicly in 2022 vs 2021 when they ended the year showing massive profits from their rivian stake at the ipo? 🤔 I know Ford also leads all manufacturers sadly in recalls per vehicle made and costs incurred from those repairs. So I'm not sure myself tbh.
Hope ur right cuz I’ve been waiting for prices in the US to come down. Whether or not the dealers will drop is a diff story Mini EV, basically an electric go-kart, w/ 100mi range for $40k is ridiculousl.
Thank you for all your research and the information you pass on, it's very helpful in this quickly changing world, I subbed a while ago. I hope your wif'e's treatment is successful 👍🥰
You're missing a major reason: people living in cities (at least here in Europe) realizing they are screwed with the EV they bought and selling it again, because they have nowhere to charge it. Governments here in Europe have basically been forcing people to go EV, but now those buyers that do not have their own garage or driveway (read: living in the medium-size cities or multi-storage buildings outside of cities) are getting stuck because their EV is not charged in the morning as there are just insufficient charging points for all those EVs. People start fights over who gets to use the sole charging point in a 2km radius and if you have a long cable running over the pavement, you'll get fined as that is dangerous for pedestrians. With also the EU-ban on gasoline and Diesel-cars now getting turned back (or rather not going through), EVs will take a long time to be the huge hit some thought it would be. Also the powerlines needed to get power to super-chargers for so many cars are just not acceptable in densely populated Europe. I'm guessing H2 will take the lead in the coming decades. Sure, efficiency is way lower, but you can have an infrastructure as for gasoline where lots of people earn a living/profit from the distribution of it and you don't need impossibly thick cables running everywhere to chargers with rows of cars waiting. And until then, I'll keep my nice and big Diesel as the price of Diesel will only go down the more people get an EV and slowly it will become "carbon-neutral" somehow (just like most electricity currently isn't green). All the best for your wife, family and yourself!
It is to soon say with certainly but, with H2, the development of fueling infrastructure could conceivably be planned to support the actual increase in demand locality without building more fossil-fuel burning electrical power plants around the country or the great expense of green nucleus power plants as it stands.
I'd agree with this, except supply & demand is still an issue... demand is vastly outstripping supply for EVs (at least in the US). It's going to take more time to ramp up production. The "x-factor" is what the Chinese automakers end up doing outside of China, as pointed out in the video.
Greetings from Mexico. My best wishes for a quick and well recovery for your Wife. On the Electric topic, do you the the legislation, Power Grid and Infrastructure in the USA moving at the same speed as OEMs to meet their milestones on transitioning to EV’s?
Hope you’re wife gets better and thankyou for the video. I have a Silverado EV preordered that should be ready in a year this video gives me hope they won’t add extra money to the price.
To be in parity with ICE cars, the price of EVs needs to come down by 50%, not 10%. Take the MG ZS EV, the petrol variant is half the price of the EV. The price of the petrol Hyundai Kona is half the price of the EV variant. The biggest issue we have here in New Zealand is lack of choice of EV brands, and those brands that are here are only available in the higher spec, and then it takes 6-12months to get hold of one. The Skoda Enyak has only just been launch here in NZ, and they are only selling the more expensive 80kWh version.
I think your prediction in Australia is about 5 to 10 years away because of not enough infrastructure that works and we are a very small market so prices will stay high and klm range is still very low people that live in flats and houses without a garage or driveway can’t charge without problems
My buddy is a top level mechanic at hyundai and he says not to ever buy a hyundai or kia as he always has to repair the PHEV and EV's since their battery packs are super faulty he said. I always knew this as they have the worst resale value ever in history. I recently bought a gen 2 Volt. Never was really a fan of GM but they over engineered the car to near perfection with a 0 failure rate and 0 maintenance and they made the battery packs future proof packing them with all sorts of tech. 53 miles of ev is nice but i also enjoy my 300 mile of gas. I can also tow my boat with the car. Something no EV can really do without 50-70% of range automatically disappearing lol voltage sag go figure.
@@xJI00 I have a 2011 i30 been lucky so far no issues at all. The Australian govt incentives are pretty damn good atm with zero fbt less than $83k given Au tax rates that is a huge saving all rego service insurance out of your gross
It's a transition time for EV/ICE. Live in California Bay Area and it's even hard to purchase a gas car for a decent price brand new. My 2012 used Fit was $7k in 2019, and is hovering around $8-8.5k now on the used market.
I purchased an 03 pontiac vibe in 2014 for ~$5500. I got rear-ended and it was written off a year ago and I got $7k based on market at the time. I made money on an vehicle I had for almost 8 years.
The main cost is the materials going into the car and NOT the other manufacturing cost (car production is quite streamlined). There is a current glut of EV's as there are more cars than people that want to buy them (too expensive, crap range unless you are rich, no charging, few want a second hand one)
It's so funny to hear this for ten years in a row (or something like that). Recently bought an used diesel for $5k, it takes about $100 per month for all the taxes and service, and about 50-100 bucks per month for fuel. After few years my vehicle price will be about the same. It's always interesting to hear how can I "save" money buying $20k+ crap which is barely able to get out of city and losing it's value by 10%+ in a year.
I hope battery prices going down translate into a cheaper option for the Lighting before I get a call about my reservation… If the price comes down closer to the old 40k mark, I am back into the market.
Hi Sam, do you think this applies to Australia as well? I really want to get an MG4 when they arrive but I have a bad feeling they are going to be charging more like 50k rather than 40k when they come.
@@andyzobgoff6208 Yep around 30km less range than cheapest model 3 for price of 55.6k, not cheap at all. A corolla hybrid that costs like 30k goes 800-900km. Atto 3 costs over 100% more in australia, evs still overpriced af.
I will make a mental note about that price parity happening early 2025. I am located in Brisbane Australia so I will be assuming $30K for a BYD Atto 3. Just to raise the bar, the extended range model is currently $51K compared to the standard range of $48K.
Great review here in the UK we need to see car prices coming down. Everybody wants to be premium and that has never worked. EV’s are way too expensive so need to change especially if they want to survive.
You’re right --. It’s the tipping Point- If you buy a NeW car it should be an EV-- the entire market is going to be really crazy for the next 10 years,,, fun to watch for SurE.
I have a 25K€ to spend there aren't any EVs that come anywhere close to that price. Yeah I could get a 90Km range zoe for that price I currently have an SUV. My next car next year will be another ICE suv for 25K€ meanwhile short range tesla is 46K€ lol nothing is anywhere near cheap enough.
We here this year after year that prices will drop yet MINI for example have just announced their latest line up of pure EV’s to be rolled out early 2024 are more expensive than the current offering. We can only hope. What I find more interesting is the development of the battery tech that year on year is improving. I think someone will make a leap in the battery side of things that will move everything to a new level, just way too much money being invested in battery 🔋 development today for there not to be a as my friend here would say “Game changer”
Sam, you are 1- 2 years behind the curve! We've been there already, everyone wanted EVs, no one wanted fossil cars. Then when they discover the quick huge losses and the actual fickle with EVs, they say fuck it,I'm buying a cheaper second hand fossil car and wait out what the future will hold. Sorry but it's the truth. But yes that process will happen at different timelines,depending on where you are in the world. Norway for example has already been through it.
I don’t know if he’s behind the curve, but you’re not wrong - early adopter burnout is a known phenomenon in many industries. If you ever get a product onto supermarket shelves, you’ll be told that they will judge your performance on the 3rd months sales, your first and second are meaningless a early adopters will give you a huge boost and many will go straight back to their previous shopping habits, ultimately becoming later adopters overall. So it is with ev’s - the huge number of early adopters included people with a false sense of the product and people in it just out of interest. They will be among the last in the process of adoption. Is the ev rollout slower than some predicted, absolutely, but it’s still following the same old predictable curve. At the end of the day, there is a limit to the oil that can be extracted economically, renewables are proliferating across the globe so electric cars are an inevitable share of the market - at least in the next century - it’s never been easier to generate all your home’s needs and sell excess to the grid and people like money!
...sell your [ICE] car now or lose thousands. Like almost everyone else who runs a BEV and has friends who are considering buying a new ICE car after selling their present one, I suggest they seriously re-consider, especially over the next 12 months. The biggest answer I get back is, "this next ICE car will be my last." My response to that is, "you realise it won't be worth anything, or only a small fraction.?" So, if they are dead set on buying a final ICE car I recommend they buy a good condition used one. Then it won't hurt so much when they let it go. Let me be totally honest. I am not a person who would want people to make the same error as I did, just to make me feel better [there are those people about]. I got my BEV and it has been a near 100% success, and mine is a VW ID3 which I regularly moan about because the software is so iffy. But it's way, way better than an equivalent ICE car. It's not even close. Go get a test-drive of any BEV you like and find out.
The Ora Funky cat feels a touch overpriced in the UK at over £30K, I'm not worried about resale value on a 21 year old Honda Civic. Used EV prices in the UK have falled significantly in the pat few months, but I'm not in a hurry (unless something expensive breaks on the Civic)
I'm excited! 😎🎉 I hope the prices come down at least the 10%, but I think they could go down 20%. I'm telling everyone to wait, if they possible can. See what happens in the 4th quarter. Do the prices go down? Does the Tesla Model 3 Project Highland roll off the assembly line? I think it will be worth it to wait on a purchase....
The US economy is experiencing catastrophic inflation, which means fed will continue to raise rates (increasing the cost of borrowing) while at the same time increasing unemployment to levels not seen since the 1970s. The US is on the precipice of a catastrophic economic downturn. Buying a new car this year is probably one of the worst financial decisions someone can make. Drive your current car for several more years until interest rates come down. And if you are buying all cash I would say better to invest it in the current low market prices and double your return when the market recovers in 5 years.
We all pray the treatment is going well for Shannon,another insightful video fella 👍😉💪
Sending much love to you and your wife especially as she goes through the treatment ❤
didnt watch all the vid, what does his wife have, if its cancer, its been curable since the 50,s..its a scam the drugs they give you now..
Still waiting for all these cheap EVs to hit Canada. And for all the price cuts of Tesla to reach us, too. Because as of right now, the cheapest Model Y in Canada still starts at $70k. Prices are going to have to drop by a LOT before I'll consider selling my ICE vehicle for an EV. Because I just can't afford current prices. Not even close.
This guy is a paid agent or ass kisser of EV
I’m in Canada and it’s January 25/24 today. Check out the classifieds in these parts ….. it’s pages of people trying to unload their battery sleds 😂😂😂
Canuck here too, totally agree. If prices drop like a rock, it won't be in North America. This might happen in isolated markets. North America likes their service and support, not gonna get that from China
Thanks
Interesting.. Here in the UK I think things are happening much more slowly.
One of the biggest problems is the fact that the vast majority of average people would find it very difficult to charge their cars conveniently. A large percentage of them would not be able to do so at home, due to the lack of access. Also, people in most (except the more modern) multi-storey residential buildings (flats) have no hope of getting access. Chargers in public places (eg shopping malls) are still very low in numbers. Charging at work is still a pipe dream, and anyway a lot of people commute to work on public transport (congestion tax!).
Thus, the numbers are growing quite slowly.
One hopes that the charger situation will improve.
I agree that's the perception, but the fear is completely overblown(mandatory bias reveal - I don't have a driveway and am perfectly ok running my ev. ).
But let's war game it. You need one single driveway to service 14 average UK drivers(140 miles/week). That's with a regular level 2 charger, no fancy 3 phase or fast charger. There's already apps that allow you to share the driveway, just book your timeslot and job's a good one.
If not, a using a fast charger at the local supermarket - like my morrisons for example, is enough to add a few days worth of range during a 20 minutes shopping session.
I can also drop into town for a coffee and just park my car and charge it there - free parking while I charge at a slightly higher cost than i would at home(39p vs 33p - it would take 40000 miles driven for it to be worth to install a charger at home vs using the one in the central car park in my case - and that's the cheaper chargers, not the fancy ones. if i'd add the cost of getting the kerb dropped i'd get into hundreds of thousands of miles before i would see a return).
It is very convenient and very nice to have a driveway and a charger at home, but it's in no way mandatory to get around just fine without any issues.
@@Costopher Thanks for taking the time to reply. It's good to see innovative ways to get around such problems. Also, with the way things are going it looks like a given that one will have to switch sooner or later! Not my generation, of course!
However, will the "public" chargers not become increasingly congested, as more people get EVs? I know they say that more will be installed, but one doesn't see much improvement, certainly not in our area.
@@dennisleighton2812 no problem.
Of course public chargers will get more congested. More are being built though. You might not notice them, but between the end of 2016 and 2021 the charge point network grew four-fold from 6,500 to more than 28,000 devices and between 2020 and the end of 2021, close to 7,500 charge points were added to the UK network, a growth of 36%.
36% in a year!
Also, while rapid and ultra-rapid chargers only make up around 20% of total devices, they account for around 60% of the total capacity.
These are just the public ones. The average UK driver will need to charge once every 2 weeks on a slow charger. Slow chargers can be installed quite quickly/easily on existing parking lots.
And I'll bet you a pint that your generation will see the full switch - it's going to happen over the next 5 years. Ofc, there will still be petrol cars around, just as you can see 100 year old classics on the road today.
@@Costopher Sorry, that is what I meant about my generation - we'll carry on with ICE cars till either we drop or they stop! Man, I even battle to keep up with my old I-phone 5+! How would I cope with a Tesla?
🤣
Why would anyone in the UK consider buying an EV now with the cost of electric through the roof!?
Thanks!
You Rock
Welcome!
I have noticed that 2nd hand EV prices are dropping. Been looking at a Tesla model 3 at the start of the year the cheapest I could find was£24000 and have just found one for £19995.
Nice. Well when you have to pay the extra , 19995 for another battery, it'll ne the same price as a new ev 😉
@@jebes909090 I have a EV that 8 years old and nothing has broken and the battery is just fine. Looking for a higher performance EV.
@@motchmanjames9347 you must not drive it much then.
@@jebes909090 the vast majority of people average 7 miles a day in my country, mostly on the weekend. The vast majority of people think they average 20 miles a day. At the true rate, a typical ev’s battery will last 20 years. Obviously _you_ are driving lots of miles a day and will break your battery with all the fast charging within a year and you definitely don’t overestimate your car use at all, but most people don’t drive as much as you, so it’s fine for them.
Used EVs will accelerate the EV revolution and make EVs even more available to more people.
Always great videos... praying for your Shannon and family mate!
Thank you so much 😊
So sorry to hear about your wife 😢 Was happy to donate. Thank you for all the excellent content.
Can you please make a video for the best 3-row seater AWD EV, aka a family car? Preferably in the US. PS best wishes to you and your family 🙏🏾
My gasoline powered five litre Jaguar f Pace SVR doesn't seem to have depreciated in the last two years. I bought it as a two year old used car, resale value now is about what I paid. No range anxiety, drive for hours and a few minutes to refuel. I have zero regrets and it's been a lot of fun.
Can't wait to get a great EV the same price as ICE car here in Aus. The thought of charging it in thr comfort of own home and anywhere with a power plug is quite liberating.
For several hours.
.
If guests asks to charge their EVs from your electricity is it ok to say no?
@@finnderp9977 I personally say yes. It costs me about £39 a month to charge my car (I do it overnight), that’s £1:30 a day. A few hours on my charger when I’m not using it is not going to cost me much.
@@kooringagnd yep. Overnight whilst sleeping is the easiest way. Wake up with a full tank everyday for $2 to $5.
Yes, I'm sick of the petrol stations changing their prices day by day and you try to time when is the the best time to fill up the petrol before they raise their price all of a sudden. I would rather charge the EV at my garage, knowing full well the price of my electricity charge.
Shanna, just wanted to let you know that you are in our thoughts and we are all sending positive vibes your way - just look at all the thumbs ups!
Loved this video. You said the EV revolution is here with such conviction, and I believe you. It is Friday, 10th March 2023 and we gonna reflect how quickly the EV revolution took place, and I wonder where will the Tesla share be I five years.
There's going to be a glut of cars in general at the end of this year because of increased production and lack of sales thanks to a global recession and high interest rates.
No. New ICE cars are hard to get, still long waiting lists. People are getting paid to cancel their orders on ICE cars. And we're not talking some exotic brands here in Europe.
@@aleksanderkac7530 Dealer inventory is on the rise over the past six months in the US. Two Chevy dealerships near me have already seen their numbers go up from about 30 cars to 120. They even have Corvettes on their lots which hasn't been a thing since the C8 came out. Ford just started scaling back their truck production recently.
Chinese citizens have no money to buy cars. US are struggling make EV's, except for Tesla. Tesla stated they've got new battery tech. Australia has high interest rates and expensive electricity. I'll keep driving my diesel Subaru for at least another 10 years.
Coal powered Electric cars in China.
Great video - bring on the great EV rollout
so you only travel 30 ks a day..they cost more, they kill kids, miners, its a dirty industry. its costing billions to re tool, re manufacture, its a complete new industry, . wind farms cost more to re cycle than they produce,. solar is not re cycleable..its a bs industry by the greens..leftists..its not sustainable..oh, we have nuclear,,yup,,you can have that in your back yard,,not mine,,chernoble, fuckashima, 5 mile island, ect ect ect. its bs..not clean..niether are EV,s.. lpg is what they should be promoting, seeing its a waste product & gets burnt off in the oil industry..all gases can be pulled from the sky,,co2, oxygen, helium, ect..
it takes 70 yrs of driving, to re coupe the manufacture cost of an ev..a gas engine will last forever, can be re built indefinate. the industry is here now, for the last 150 yrs,,whats your problem,,??..climate change / global warming is bs, by the greens, again..leftists ass holes. controling the world with fear, worse than religion..
I’m part of the “driving my old EV until the wheels fall off” collective, but I appreciate commentary on the market, in case that day comes sooner than I’d like.
What is wrong with you?
I'm still waiting on a small pickup. Maverick was tempting but I would like a plug in and longer battery range.
Best wishes to your wife and her health 👍
Well done Man for even mentioning Shanna without breaking down, I know where you are at, and it's a struggle, but good on you. Fingers and toes crossed.
Currently, things may change, the cost of 1KWH is 28 pence via my energy supplier and our EV does 4 miles per KWH = 7 pence per mile. (zero road tax)
Our "long range" diesel does 62 mpg on a run, but around the houses does 50mpg.
So using the EV around the houses, should save that more expensive option.
Not sure my workings out are correct but here goes.
£1.50 per litre of diesel x 4.5 = £6.75 per gallon.
50mpg equates to 13.5 pence per mile.
62mpg equates to 10.7 pence per mile.
08 reg Skoda Fabia 1.9 NO dpf.
I know I can get a cheaper electrical supplier, but that means a standing charge, setting up charger times blah de blah de blah. Bring back the good old days.
I just brought a 28kwh 2019 ioniq. The time is now and im very happy with the ioniq. Its range and efficiency for the battery is incredible
Didn’t you suggest couple of weeks back that EV prices may rise, using a Tesla as an example where Model 3 is the cheapest it’s ever been and it’s time to buy. I suppose it’s just a prediction that can change based on new data points so we shall find out :)
Hi Sam, As of February 2023 the prices for the model Y in Europe start from 46900€ to 48208€
Unfortunately Canada is still pricy most EV if not all are over 50k Canadian out the door.
Well spoken Sam. Prescient. So many complaining about the lower price of this year's model c/w their 3 year old model, and cannot see beyond the asset/resale value.
Sodium Batteries in June, salt/sodium is cheap vs lithium
My Bolt EUV finally arrived, and I love it. More-expensive EVs might go down in price, but few will match the bang-for-the-buck that the Bolt is, even though they'll charge much faster (not a problem for me, as it's my commuter and I charge at home).
What is your plan when it starts of fire and burns down everything around it or are you just going to live in denial and pretend that won't happen to you because those things only happen to other people? Serious question, not trying to provoke you.
@petebusch9069 -- Yawn, the same lame propaganda over and over.
20 out of 140,000 Bolts burned in total (0.00014%). My Bolt has the N2.2 LG chem battery, which isn't recalled, and zero of them have burned. Gas cars burn far more often, though ev batrery fires are more difficult to put out.
@@Davran2742 Ok, its live in denial for you, good to know.
Wonder if Aptera can get their hands on some of CATL or BYD's sodium batteries to do a battery pack refresh. The idea of a 400 mile vehicle with no lithium, better temperature tolerance and better safety for way less is kinda awesome (math for volume and weight checks out).
Aptera is a "Niche" vehicles. Wish them luck !
@@rozonoemi9374 Aptera definitely isn't for everyone but if you give it some thought it has a few niches beyond the obvious solar/commuter angle. It is the cheapest EV sports car with good acceleration and unique yoke with very fast lock to lock steering (no hand over hand like plaid). It is the best EV vehicle for renters or condos that can't install chargers. It is the cheapest long range EV by far. Right to repair and likely (not officially confirmed) fully access to superchargers are also kinda a big deal for those burned in the past. It sucks it doesn't get the tax credit but that is political BS beyond the control of the company.
Aptera is a pipe dream
Fantastic video
Good luck to your wife
I had a big brain tumour in 1977 and cancer 11 years ago
Kepp at it both of you
Thanks Mate!
I ordered an Xpeng G9 in the Netherlands. It's around 30-50k cheaper than a roughly equivalent Audi/Mercedes. BMW ran out of parts and only sells air suspension on the IX m60 at 137K lmao. The G9 performance with nice interior costs 76K.
G'Day Sam. I liked your comment on buying an Ebike or scooter if you aren't sure what EV to buy now... That's exactly what I did (6 years ago).
The time to buy an EV is as soon as you can afford one, since the savings in operating costs put one ahead. My ex wife bought a Chevy Bolt to replace her aging Nissan Pathfinder a few months before the price of fuel shot up. Before the price of fuel went up, her payments on the Bolt were the same as the cost of gasoline for the Pathfinder, so her costs stayed the same, but she got to drive a nice new EV and enjoy the pleasure of one pedal driving. After the prices of fuel went up, she figured she was saving (earning) 50 to 150 dollars a month. The Pathfinder has been relegated to dump runs and for use during snow storms due to having 4 wheel drive.
I don’t call them EVs.
I call them AVs. Anxiety Vehicles🤡🤮
Unfortunately there are no compelling EV minivans in the US yet. For my family needs, we can’t transition away from our Honda Odyssey. And I know a lot of other families here that need their minivan over an SUV because of the number of small young children in the family. Having the sliding doors, lower entry height, and ability to put 3 car seats side by side in the second row, make certain minivans indispensable. Looked at the ID Buzz and it wouldn’t suit us. Waiting for an EV Honda Odyssey or perhaps a Tesla passenger van will be introduced in a couple years?
look into a company called canoo based here in the U.S and their manufacturing plant is in oklahoma. They have a cool van and truck and a ups style work van. I believe the van is how they will get their source of revenue but the truck and van are their premier vehicles.
@@freshandsaltyjohnny I checked them out, but their van only allows for 2 seats in the second row. We need 3 side by side in the second row. But thanks for the suggestion. I had previously looked at them from an investment standpoint. Personally, I find their styling a bit too out there for my taste and can’t get behind it. Time will tell if they gain acceptance.
Honestly, I feel that the minivan segment as a whole offers amazing products. The Odyssey is one of the best vehicles I've driven.
just bought a Model Y in Miami for $3,480.00 minus the $7,500 tax credit.
Speed , as the generator needs RPM , think you could use a larger generator with the weight and speed of the water , a 5m head of water is a fair pressure thro a smallish jet
Happy to hear that battery prices are coming down. I have maintained that demand creates supply. Also supply ramps create oversupply . However we are still in a place of high battery costs at least in the US. Costs are not down. We also do not have a lot of chargers yet. It is changing but not fast enough.
people dont want to wait 3hrs to charge up at services in the uk
Ugghhhh so sorry to hear your wife is battling with cancer..... I know..... Ive had 3 types fighting for my life .... BUT IM STILL IN THE GAME
BEST OF LUCK TO YOUR WHOLE FAMILY 💜💜💜💜💜
Good to know! And, it all makes sense now, the market is getting crowded. I've been shopping for an EV, but don't need it yet, so I can wait.
small detail: it's "EVs" not "EV's". Common mistake.
singular possessive: "My EV's power comes from a socket in my garage." (Subject is power; EV's is adjective. The power belongs to your one EV.)
plural: "EVs are taking over the market from gas cars." (Subject is all of the EVs; verb is taking; object is market.)
possessive plural: "EVs' market share is growing." (Subject is market share. Adjective is multiple EVs' : the market share that belongs to all the EVs)
Great video! Like so many technology adoption curves, it will be non-linear.
Hi Sam ,
Thankyou.
Your posts ask some serious questions for us to consider.
Certainly when confronted with what's actually happening in China and the flow on effects.
Companies can't survive losing money every hour.
Great posts
If you enter an electric cars reg in we buy any car you will see there is a huge price difference between what is advertised on Autotrader and them .
👍
can't see this happening in Australia any time soon as long as companies and distributers can keep ripping us off.
We have pretty crap incentives and very high prices on EVs here. But yeah, they will be getting cheaper inevitably. And with EVs scaling up, hopefully we finally will start seeing deflation on everything.
If the quality car makers have to discount in China to be competitive, be sure they'll have to gouge us to stay profitable.
Exactly. The government has made sure their cartel can keep gouging us by not removing the grey import laws, which were introduced to protect the local car industry which no longer exists!
@@outtolunch88 maybe you missed the point about scale? It is costs of production that are going to fall. This straight-off increases profits with lower prices 🤔
Right. The Australia Tax.
On a M3 the NZ rebate is in the 15% range. Holding off is what Im doing but its not easy.
I believe the EV market is going to reach its saturation limit in many countries and then the sales are going to plummet. The smart companies will learn to produce a 50-mile EV/hybrid that can still go 500 miles. Why they aren't doing this is a mystery to me. 50 miles would help many people locally and the ICE would allow long trips. This way you could own one vehicle and still enjoy both worlds.
They are/were. No one really bought them. They’re also not cheap. Expensive battery + ice motor. I drive a Chevy volt I bought used and I love it. But it’s definitely not for everyone.
@@DAThings3934 The wait time to get a Toyota plugged in hybrid is over 1 year. Toyota just cannot produce enough of them. Meanwhile, BYD produces a lot of those hybrids, by the millions, but BYD does not sell car in the U S.
Here in the USA EV sales are only 12%. Once cheaper ones come to market (that could be years, ugh) the early adopters will move aside and the mainstream will scarf them up, because getting to work cheaply is a no-brainer when EVs are the same price as gas cars. We have a huge amount of resistance, though. Some is political, because the MSM has told people what the oil industry propaganda says: EVs catch fire, they run on coal, but mostly it's the DEMOCRATs FORCING YOU TO BUY ONE because they want to limit your travel. Then there's the apartment dweller problem, There are solutions to that but they will take much time.
So "plummeting" is not what EV sales will do. There will be a surge when cheaper models come out and the selection is better. Then a slowing of growth until the Luddites come around and street charging is solved. Sales as a proportion of total sales is not going to go down. Hybrids will be a niche. With everyone able to use Tesla chargers, plus all the others being put in now, range anxiety will be gone.
Hybrids still burn fossil fuel, and ruin the athmosphere. Albeit a little less. Not worthwhile.
Mate, I wish your wife and your family all the very best of luck and hope that your wife can recover from this horrible disease soon.
Thanks Mate!
They make a profit Big Time. EV Cars are Cheap to Produce. E motor Cheap and Easy. Google Prices of E Motors. Few hundred dollars
Google Prices of Battery Packs on Alibaba. Batteries getting Cheap. Big Time Profits for EV Car Companies. No Stopping it. Thank you Sam. Right on Mate
EV’s are not cheap to produce. Only two car companies sell EVs at a profit, Tesla and BYD (just). If it was as easy as you say all the car companies would be ramping up. They aren’t because it is neither easy nor cheap.
Hi Sam, I've heard fasting is shown to be a good complement to conventional standard cancer treatments. If you don't already know about it, i think it's worth looking into it.
Good luck!
Reason EV prices are reducing is that the manufacturers have over supply of unsold stock
Hi!
You know anything about the new Turkish electric car TOGG T10X?
Can confirm here in Auckland we have Atto 3s and the MG ZS EV. We could use more other cars, though, Esp the MG4 and the BYD Seagull. Model Y was the best selling car in NZ in December after Ford Ranger and Hilux, so best selling passenger car. Model 3 not far behind.
Bro I know some people who got healed with zeolite and chlorine dioxide + water. In mexico many people are consuming it with great results. Pharma is a business but there are alternative options that actually works great for cancer. I consume chlorine dioxide with water and i see improvement. I dont get sick and when I’m about to get sick I drink it with water and feel normal next day or two days, it depends on the disease. I hope everything goes better.
Sam, I have a model Y but need a bigger car for the five of us so we still have a toyota highlander (which we now hate...), are there any large people mover/suv's EV's in the pipe line? Whats happening with the Tang?
@Tom Christie I don't know if the Chinese cars will make it to USA, Chinese cars have been singled out to be expensive in USA. Rivian? Lightening? Cybertruck?
Prayers for you wife.
I fully agree the price of EV will be coming down soon. It is inevitable
What’s your thoughts about the horrible charging network in Australia? When is that going to improve so you think ? It seems like there are far too few of them and then far too many are out of order.
The price drop is already happening in the UK but mostly in used prices. My 21 plate Nissan Leaf+ trade in price has fallen dramatically this year….bought three months ago and intended to keep for 12 months before trading up for a new EV. The bottom is threatening to fall out of the EV market due to stalling demand and dealers not moving EV vehicles on so quickly( high energy costs, inflated EV prices) which is marginally being reflected in used EV prices being discounted on the forecourts. Unfortunately most new EVs are still being listed at retail prices in the UK though as you say Tesla and MG4 have shook pricing up a little. I love EVs and my Leaf is fine for my needs however I do have serious regrets about the time of my purchase given what’s happening with used EV prices now in the UK. Unfortunately I will not be able to trade up to a new EV now and will need to keep my current Leaf for 3 years minimum to partly compensate for the huge depreciation.
The depreciation might get worse. 2/3rds of car dealers in UK said they wont tuch ev going forward. Although salt batteries are better for the world, they will destroy the price of every lithium ion battery ev on a forecourt. This is such an unpredictable market and a price cut from vw or tesla can cost you thousands, most just cant afford to stock them or take the price hit. Every car deoeciates and although ev are all near the bottom, some petrol cars are close to them. The difference, the csr dealers know the petrol cars that depreciate fast and how long they take to sell, and can just fo quick maths "it will depreciate 9 percent in 3 months, it takes 2 to sell, its value is 10k now, ill offer 8k"
Cool Viking I knew and understand your first 3 points, but no 4. was a surprise to me... the full competition for batteries hasn't even begun yet! and haven't been following commodities for a while either... thanks for the heads up...
Love the fact that you made a bold prediction.
Henry Ford's THIRD automobile company - same one as today - was created by Henry and associates to "bust" the George Seldon Patent. It took several years, but after, new auto makers flooded the market. Anticipating this, Ford's business model was based on a fixed profit. His sales agenda was to reduce the cost to build cars and maintain his profit. It worked and as Ford continued to reduce retail prices, based on reduced costs with fixed profit, many car companies went broke selling their cars with no profit.
It's happening again, with Tesla replacing Ford as the main player in this 21st century scenario. And, of the legacy manufacturers, Ford seems to the best placed to survive the storm. Which is kind of amazing as, as little as 4-5 years ago, Ford would have been many people's choice as one of the earliest legacy vehicle makers to crash out.
@@ramblerandy2397 Ford lost $2B last year, while other large legacy car makers made record profits
@@coolranch1660 wasn't most of that the losses they took for book value on rivian crashing epicly in 2022 vs 2021 when they ended the year showing massive profits from their rivian stake at the ipo? 🤔
I know Ford also leads all manufacturers sadly in recalls per vehicle made and costs incurred from those repairs. So I'm not sure myself tbh.
Charging infrastructure is still too low in Australia to buy a BEV car.
Bravo, man!! That was an impressive prediction!
Hope ur right cuz I’ve been waiting for prices in the US to come down. Whether or not the dealers will drop is a diff story Mini EV, basically an electric go-kart, w/ 100mi range for $40k is ridiculousl.
When 100 miles is 300 miles, be sure and get back to us.
Great. I wanted to get another ev. Even if I get the same one & it comes down 10% it's already went up 30% since I bought my last one in 2021.
Thank you for all your research and the information you pass on, it's very helpful in this quickly changing world, I subbed a while ago. I hope your wif'e's treatment is successful 👍🥰
Battery prices are coming down, so offsetting some of the margin loss.
You're missing a major reason: people living in cities (at least here in Europe) realizing they are screwed with the EV they bought and selling it again, because they have nowhere to charge it. Governments here in Europe have basically been forcing people to go EV, but now those buyers that do not have their own garage or driveway (read: living in the medium-size cities or multi-storage buildings outside of cities) are getting stuck because their EV is not charged in the morning as there are just insufficient charging points for all those EVs. People start fights over who gets to use the sole charging point in a 2km radius and if you have a long cable running over the pavement, you'll get fined as that is dangerous for pedestrians. With also the EU-ban on gasoline and Diesel-cars now getting turned back (or rather not going through), EVs will take a long time to be the huge hit some thought it would be. Also the powerlines needed to get power to super-chargers for so many cars are just not acceptable in densely populated Europe. I'm guessing H2 will take the lead in the coming decades. Sure, efficiency is way lower, but you can have an infrastructure as for gasoline where lots of people earn a living/profit from the distribution of it and you don't need impossibly thick cables running everywhere to chargers with rows of cars waiting. And until then, I'll keep my nice and big Diesel as the price of Diesel will only go down the more people get an EV and slowly it will become "carbon-neutral" somehow (just like most electricity currently isn't green).
All the best for your wife, family and yourself!
It is to soon say with certainly but, with H2, the development of fueling infrastructure could conceivably be planned to support the actual increase in demand locality without building more fossil-fuel burning electrical power plants around the country or the great expense of green nucleus power plants as it stands.
Love it Sam! Best to your family
Thanks so much!
I'd agree with this, except supply & demand is still an issue... demand is vastly outstripping supply for EVs (at least in the US). It's going to take more time to ramp up production. The "x-factor" is what the Chinese automakers end up doing outside of China, as pointed out in the video.
Good video. Interesting analysis.
Greetings from Mexico. My best wishes for a quick and well recovery for your Wife. On the Electric topic, do you the the legislation, Power Grid and Infrastructure in the USA moving at the same speed as OEMs to meet their milestones on transitioning to EV’s?
Hope you’re wife gets better and thankyou for the video. I have a Silverado EV preordered that should be ready in a year this video gives me hope they won’t add extra money to the price.
Well there is certainly a glut of Model 'S', 'X' and '3' on the used car market here in the UK that dealers have had to mark down by 20%.
The days of selling used Teslas at the price of new are gone.
To be in parity with ICE cars, the price of EVs needs to come down by 50%, not 10%. Take the MG ZS EV, the petrol variant is half the price of the EV. The price of the petrol Hyundai Kona is half the price of the EV variant. The biggest issue we have here in New Zealand is lack of choice of EV brands, and those brands that are here are only available in the higher spec, and then it takes 6-12months to get hold of one. The Skoda Enyak has only just been launch here in NZ, and they are only selling the more expensive 80kWh version.
I think your prediction in Australia is about 5 to 10 years away because of not enough infrastructure that works and we are a very small market so prices will stay high and klm range is still very low people that live in flats and houses without a garage or driveway can’t charge without problems
Very interesting! Thank you! You make a great case. Best wishes to your wife, and you all.
Thank you kindly
Would love a podcast version of this, as don't need to watch videos, due to stock images show nothing new.
I picked an up Iqonic 5 just finalised paper work, on cool down..not cheap..watching this and now have to sweat the weekend out, buy or not to buy
My buddy is a top level mechanic at hyundai and he says not to ever buy a hyundai or kia as he always has to repair the PHEV and EV's since their battery packs are super faulty he said. I always knew this as they have the worst resale value ever in history. I recently bought a gen 2 Volt. Never was really a fan of GM but they over engineered the car to near perfection with a 0 failure rate and 0 maintenance and they made the battery packs future proof packing them with all sorts of tech. 53 miles of ev is nice but i also enjoy my 300 mile of gas. I can also tow my boat with the car. Something no EV can really do without 50-70% of range automatically disappearing lol voltage sag go figure.
Based on the two i30’s I own, Hyundai’s are garbage. Workmanship, materials and design are all poor. Hyundai’s customer service is non existent too.
@@xJI00 I have a 2011 i30 been lucky so far no issues at all. The Australian govt incentives are pretty damn good atm with zero fbt less than $83k given Au tax rates that is a huge saving all rego service insurance out of your gross
It's a transition time for EV/ICE. Live in California Bay Area and it's even hard to purchase a gas car for a decent price brand new. My 2012 used Fit was $7k in 2019, and is hovering around $8-8.5k now on the used market.
I purchased an 03 pontiac vibe in 2014 for ~$5500. I got rear-ended and it was written off a year ago and I got $7k based on market at the time. I made money on an vehicle I had for almost 8 years.
im curious about what they will cut to make the cars cheaper... maybe materials?
The main cost is the materials going into the car and NOT the other manufacturing cost (car production is quite streamlined). There is a current glut of EV's as there are more cars than people that want to buy them (too expensive, crap range unless you are rich, no charging, few want a second hand one)
It’s January 25/24 today while I’m watching this video 😮
My man you NAILED THIS VIDEO 👏🔥🤩
It's so funny to hear this for ten years in a row (or something like that).
Recently bought an used diesel for $5k, it takes about $100 per month for all the taxes and service, and about 50-100 bucks per month for fuel. After few years my vehicle price will be about the same. It's always interesting to hear how can I "save" money buying $20k+ crap which is barely able to get out of city and losing it's value by 10%+ in a year.
I hope battery prices going down translate into a cheaper option for the Lighting before I get a call about my reservation… If the price comes down closer to the old 40k mark, I am back into the market.
Hi Sam, do you think this applies to Australia as well? I really want to get an MG4 when they arrive but I have a bad feeling they are going to be charging more like 50k rather than 40k when they come.
@@andyzobgoff6208 Sam is correct. China is the largest ev market in the world. What are you talking about ?
@@andyzobgoff6208 Yep around 30km less range than cheapest model 3 for price of 55.6k, not cheap at all. A corolla hybrid that costs like 30k goes 800-900km. Atto 3 costs over 100% more in australia, evs still overpriced af.
I will make a mental note about that price parity happening early 2025. I am located in Brisbane Australia so I will be assuming $30K for a BYD Atto 3. Just to raise the bar, the extended range model is currently $51K compared to the standard range of $48K.
They’ll need to drop around 40% if they expect volume sales 😜
Do you expect tesla price is to keep dropping in the US particularly model Y?
Best wishes to Shannon
Great review here in the UK we need to see car prices coming down. Everybody wants to be premium and that has never worked. EV’s are way too expensive so need to change especially if they want to survive.
Prayers to your wife my friend. Best of luck to you and your family!
Thank you so much 😊
It's like LCD TV was $1,000. Now $300.
You’re right --. It’s the tipping Point- If you buy a NeW car it should be an EV-- the entire market is going to be really crazy for the next 10 years,,, fun to watch for SurE.
I have a 25K€ to spend there aren't any EVs that come anywhere close to that price. Yeah I could get a 90Km range zoe for that price I currently have an SUV. My next car next year will be another ICE suv for 25K€ meanwhile short range tesla is 46K€ lol nothing is anywhere near cheap enough.
We here this year after year that prices will drop yet MINI for example have just announced their latest line up of pure EV’s to be rolled out early 2024 are more expensive than the current offering. We can only hope. What I find more interesting is the development of the battery tech that year on year is improving. I think someone will make a leap in the battery side of things that will move everything to a new level, just way too much money being invested in battery 🔋 development today for there not to be a as my friend here would say “Game changer”
Sam, you are 1- 2 years behind the curve! We've been there already, everyone wanted EVs, no one wanted fossil cars. Then when they discover the quick huge losses and the actual fickle with EVs, they say fuck it,I'm buying a cheaper second hand fossil car and wait out what the future will hold. Sorry but it's the truth. But yes that process will happen at different timelines,depending on where you are in the world. Norway for example has already been through it.
I don’t know if he’s behind the curve, but you’re not wrong - early adopter burnout is a known phenomenon in many industries. If you ever get a product onto supermarket shelves, you’ll be told that they will judge your performance on the 3rd months sales, your first and second are meaningless a early adopters will give you a huge boost and many will go straight back to their previous shopping habits, ultimately becoming later adopters overall. So it is with ev’s - the huge number of early adopters included people with a false sense of the product and people in it just out of interest. They will be among the last in the process of adoption. Is the ev rollout slower than some predicted, absolutely, but it’s still following the same old predictable curve. At the end of the day, there is a limit to the oil that can be extracted economically, renewables are proliferating across the globe so electric cars are an inevitable share of the market - at least in the next century - it’s never been easier to generate all your home’s needs and sell excess to the grid and people like money!
The transition Will be forgotten by 2060 and the kids born after 2035 will only see ICE cars in movies and museums. 🤔
...sell your [ICE] car now or lose thousands.
Like almost everyone else who runs a BEV and has friends who are considering buying a new ICE car after selling their present one, I suggest they seriously re-consider, especially over the next 12 months. The biggest answer I get back is, "this next ICE car will be my last." My response to that is, "you realise it won't be worth anything, or only a small fraction.?" So, if they are dead set on buying a final ICE car I recommend they buy a good condition used one. Then it won't hurt so much when they let it go.
Let me be totally honest. I am not a person who would want people to make the same error as I did, just to make me feel better [there are those people about]. I got my BEV and it has been a near 100% success, and mine is a VW ID3 which I regularly moan about because the software is so iffy. But it's way, way better than an equivalent ICE car. It's not even close. Go get a test-drive of any BEV you like and find out.
The Ora Funky cat feels a touch overpriced in the UK at over £30K, I'm not worried about resale value on a 21 year old Honda Civic. Used EV prices in the UK have falled significantly in the pat few months, but I'm not in a hurry (unless something expensive breaks on the Civic)
Great the video Sam! Thank you.
Glad you enjoyed it!
Sam, all the best to your family, Ok
Saying scale in production will bring the cost down is a wish, not a fact, it depends on the implementation.
I'm excited! 😎🎉 I hope the prices come down at least the 10%, but I think they could go down 20%. I'm telling everyone to wait, if they possible can. See what happens in the 4th quarter. Do the prices go down? Does the Tesla Model 3 Project Highland roll off the assembly line? I think it will be worth it to wait on a purchase....
The US economy is experiencing catastrophic inflation, which means fed will continue to raise rates (increasing the cost of borrowing) while at the same time increasing unemployment to levels not seen since the 1970s. The US is on the precipice of a catastrophic economic downturn.
Buying a new car this year is probably one of the worst financial decisions someone can make. Drive your current car for several more years until interest rates come down.
And if you are buying all cash I would say better to invest it in the current low market prices and double your return when the market recovers in 5 years.
Almost everyone's waiting...