New Electric Cars Sitting UNSOLD On Dealer Lots in 2024 - Here is the Truth!
ฝัง
- เผยแพร่เมื่อ 1 มิ.ย. 2024
- The electric vehicle (EV) market is in turmoil! Hertz is selling off 30,000 EVs due to high depreciation and massive repair bills. Tesla is laying off over 10% of its global staff due to soft demand and intense price wars. Meanwhile, China's BYD offers affordable EVs, including a hatchback for under $10,000. But why are EVs sitting unsold on dealer lots for nearly one and a half times longer than hybrids?
In This Video:
Hertz's EV Sell-Off: Understanding the depreciation and repair cost issues.
Tesla's Layoffs: Examining the impact of soft demand and price competition.
China's BYD: How they’re shaking up the market with affordable options.
EV Price Drops: The implications of falling EV prices.
Dealer Lot Pile-Up: Why EVs are lingering unsold.
Automaker Commitments: The rapid pivot towards EVs by brands like Jaguar, Alfa Romeo, Chrysler, and more.
The Decline in EV Enthusiasm: Why the initial euphoria has faded.
Market Analysis: Comparing EVs to hybrids and internal combustion vehicles.
Key Models Covered:
Jaguar I-PACE: Facing a 2-year market day supply and massive depreciation.
Porsche Taycan: Struggling with a 239-day market day supply and steep depreciation.
Mercedes-Benz EQS: High pricing and complex tech contributing to a 221-day market day supply.
Mustang Mach-E: Sales decline due to competition and a 204-day market day supply.
Genesis GV60: Despite positive reviews, sitting on lots for 190 days.
Ford F150 Lightning: Production cuts and a 182-day market day supply.
Nissan Leaf: Supply chain issues and competition leading to a 161-day market day supply.
Cadillac Lyriq: Technical issues causing a 151-day market day supply.
Why This Is Happening:
High Prices: EVs often cost more than traditional gas vehicles.
Insurance Costs: EVs are more expensive to insure.
Interest Rates: Higher rates make financing EVs more challenging.
Charging Infrastructure: Still developing and not as convenient as gas stations.
Range Anxiety: Concerns about battery life and charging availability.
Early Adopter Phase Ending: The initial surge of tech-savvy buyers has plateaued.
Join us as we break down these issues and explore the future of electric vehicles. Will EVs continue to struggle, or is there hope on the horizon? Let’s find out!
#ev #tesla #carmarket
Our best videos aren't out yet! Subscribe so you won't miss a thing!
►Subscribe HERE: bit.ly/IdealCarsUTube
►Snag An Ideal Shirt Or Slap! bit.ly/IdealMediaShop
►Follow Our Instagram! - bit.ly/IdealCarsInsta
►Subscribe To Our Ideal Cars YT Channel - bit.ly/IdealCarsTH-cam
►Join The Ideal Car Strategies - bit.ly/IdealCarStrategies130
► OPEN A ROTH IRA AND START INVESTING
ideal.media/go/m1-finance/ - ยานยนต์และพาหนะ
Will you ever buy an EV?!
Learn how to MAKE MONEY buying your next dream car for FREE - bit.ly/FREEICSWORKSHOP
Hybrid is like having your cake and eating it, too. Best of both worlds.
Toyota can't keep them on the lot. Toyota made the right bet and it's reflected in the less than a week on lot time for all their hybrids.
Driving a non-plug-in Toyota Prius (pre-2024), is like driving a regular gas car, but with excellent milage and the best reliability of ALL cars for 5 years running!
HYBRIDS - the PERFECT blend and BALANCE
They're flops! Face it. Nobody wants them
Agree
Correction: Nobody that hasn't already bought one. Like myself. I've test driven them. On the highway. Range is far too low. Charging times FAR too long. Will simply not work for my life. I don't need the newest gadget. Ever. My old cars will work just fine for the foreseeable future.
My friend recently replaced both his and his wife's diesel cars with hybrids. Always thought he was smart.
Car makers did not jump on the EV bang wagon, they were forced at gunpoint by their respective governments.
They were bribed by the government. Can't collect the subsidies if you don't build the crapmobiles.
Approximately 500 Tesla’s sitting in the Stoneridge mall parking lot in Northern California. Combustion engine vehicles all the way!
I see that your channel is shadow banned or is being undersold to the viewers. Had to go to your channel to find the new vid
TH-cam is also deleting my comments lol
@@MinienthusiastNo thinking or truth allowed.
Things to love about EVs:
1. Child battery labor
2. Range anxiety
3. Risk of garage fires
4. Paying 20k more than a comparable vehicle
5. Battery degredation
6. Poor resale value
7. Reduced performance in cold, highway
8. Higher repair costs
9. Awful charging network experiences in the weather without restrooms
10. Higher insurance rates
11. Replacing tires more frequently
But hey theres a tax credit!
They sure are having growing pains. Too bad the manufacturers can’t play well together. Great explanation!
On scene 00:20 BYD Stands for Burn Dealership, Burn Your Driveway, or Burn You Down ... on scene 03:10 on route to Big Sur California No Cell Service not even text messaging no Radio.. the only way it may possible Satellite Cellphone. No Super Chargers.. EV;s fire don't Sto[p & there will never be EV's there seen a Tesla on Shoulder with a Fuel Generator ... on PCH Highway 1 ... I will never buy an EV.
Buying a V8 within 2 Weeks
Tesla model 3 with less than 30K Miles , yes $15K, Model Y Dual with less than 30K miles , Under $25K , NoBody wants these, Once you own an EV, you can't wait to getrid
Have you seen Fisker new car prices?
@@snap4720 Fisker that looks like they're going into bankruptcy again?
Total BS Fake news
People are learning the depreciation on these vehicles is insane.
_Honey?! I smell smoke. Is our EV charging in the garage? Quick! You get the kids, I’ll get the dog!_
No EV's and no hybrids (too expensive to service/repair). No BS! ICE's are the way to go!
Let's see how long it takes for the tonka toys to go rusty 😂😂😂
Guys are paying $6k for ev battery then turn around asking for $25k to $56k for a battery is Ludicrous!
Lots of bumps in the road but there could be a hybrid in my near future. Wink wink. It should make for a great transition to a plug in ev. Helpful candid video!
Have you tried Global Dominion Financing Inc. for car financing or car refinancing (Sangla OR/CR)?
Curious how much Tariffs will be on Chinese Imports (as if I'd buy one anyway).......
I tried a Nissan LEAF and a Chevrolet Bolt. In a word: impractical, except as a 2nd vehicle for local driving only. They are not financially feasible for a single commuter, and most people today can't afford two or more vehicles with the inflated prices and high insurance.
I want my Chevrolet Volt back but their value has skyrocketed. Wonder why? (!)
Skyrocket? First gen is about $5k-10k and second gen is $10-15k.
Owned first gen for about 3 yrs. My avg mpg was over 300. Great car.
I never knew there was a second gen. GM is the dumber car maker out there. Not sure why they discontinued the Volt
Lets look at Ideal in 1908, when the Model T was an ICE car that the average American could afford and many cities and towns still had laws saying when you drove in the city you had to have someone in front of you to let all the horse drawn carriages know you were coming. Was Ideal condemning those damn Model T's and all their initial flaws (even busted arms trying to start them) for the noise, physical risks and dangers to all the horses? Look, I'm no fan of EV's but they are inevitable once they reach the price/dependability levels that they will. And as for Ford and Musk, both geniuses with flaws to match (though Ford cared far more for his workers....unless they were Jewish). Every song we sing has been sung before.......
this hertz news is like 3 months old bro
Their greed is why they're having issues selling this garbage. Pure, unadulterated GREED!!!
Have tried giving them away??????!
Government mandates. Manufacturers had no choice. That's the problem when governments interfere with markets. Can't force something on people they don't want.
So everything is political. A small radical sub-human group of people get most of the attention of corporations with their screeching. MOST people want ICE with gasoline or a synthetic alternative with more power or better mpg. Think E85 and Porsches Chilean synthetic gas product.
E85 gets terrible fuel economy. It's great for horsepower because it puts more oxygen into the cylinder for combustion, but you'll run through to quicker than hell.
@@ironclaw6969 You skimmed my comment without reading comprehension. read it again slowly.
EV range is a HUGE LIE for 4 big reasons.
First: "EPA estimate", its a closed scenario, no stop and go, no lights, no traffic, no on or off ramps, just a constant smooth 45mph until the power is out, so its ALWAYS higher than reality.
Second: ev batteries are said to degrade your total range faster unless you "keep the charge between 80 and 20%", this means you effectively lose an ADDITIONAL 40% of your total range.
Third: towing obliterates your range, as does using ANY powered system such as basic stuff like the radio or ac, doing any kind of hard accelleration also runs down the battery FAST.
eg: one "launch" from stopped to 60mph costs abt 2 miles of range in a tesla model y.
Fourth: weather. a tesla model y "long range" claims epa 326 miles of range. in hot weather you get 252 miles of range assuming zero ac or radio use.
worst case is cold weather, where you get 121 miles of range, not even HALF of "epa"; (plus these two comparisons assume using 100% of the battery)
charging at home during the day when you have solar? AMAZING! its basically free!
but what abt at home at night? THE RATES ARE SKY HIGH!!
on the road? you have to go out of your way TO a charger location, wait for some other guy to finish charging (40mins to an hour or more), THEN you can start charging...for an hour
and thats assuming the charger even works!
but lets say it does, so now you're at this charger for an hour...........doing what?
what if you're on a road trip and its late at night????????? you just hang out at or inside your car? you have to keep the family from getting bored?
ev's fucking suck for anything but basic short distance LOCAL driving.
Who can afford that kind of depreciation? Especially considering the EV's aren't going to have near the lifespan of an ICE vehicle. 97% of Subaru's are still on the road after 10 years. That's simply not going to be the case with EV's which is just another reason they're not very green. I'm a hard pass. I'm getting ready to buy a new vehicle and just the thought of owning an EV is terrifying.
Little late that wake up call, should mot have bought first place 😢
Next thing will be car will be built AI .. and then no more employees.. this is not what normal.. wake up people
Tesla is Enron II.
lol
If you do a thorough pre-purchase inspection and be an EV nut, you could make deal. Rental cars are usually treated like the biggest hoes in the automotive world. Even a slightly damaged shell of a battery pack can make the difference between the deapest money pit or a great bargain.
EV insurance costs and repair times are too high. I'll pass
I'll consider buying an EV when they make EV's that don't suck. Now, having said that I'll define my terms. An EV won't suck when choosing it will not force me to make any compromises or face any quality of life reductions as opposed to buying a normal car. That meas that it would have to not cost more, and included in that cost would be a L2 home charger for home charging. That also means that when you're on a road trip that charging stations are as easy to find as gas stations. And finally, that those chargers will take no longer to fill that battery up to full capacity than the average gas pump takes to fill the 20 gallon tank on my current daily driver. That's about 2 and 1/2 minutes.
If they can offer that, I'll be willing to consider what they have to offer.
EVs do worse towing, on highway, in cold and warm
EVs are nothing but a compromise in driving
@@yellowsnowman9157 Then they suck and I won't bother looking.
But gas cars also suck since they produce poisonous fumes and require specialized imported fuel. Hydrogen would be great, but it’s much too expensive. Everything is a compromise.
@Sotelurian what the hell do you mean imported fuel? The United States is the largest producer of petroleum in the world. Not to mention, with the oil we produce from Midwest fracking zones there's less impurities, it's much easier to refine and it's less expensive because of Transport costs. Besides you didn't address any of the shortcomings of EVS that I mentioned. From a usability of standpoint they're absolute shit.
@@ironclaw6969 That’s true that the US is the biggest producer, but it is still a net importer because overseas refineries produce more of what the country needs. Regardless, my point is that electricity can be produced anywhere, so you can always get it locally-gas comes from somewhere else.
Because oil has so much more energy per kilo than any battery it is still the easier option, I’m just saying that the availability of electricity is a pro in the EV column.
That BYD won’t be $10000 when it hits the us , more like $30000! Click bait video
Ev can't do what there gas counter parts can can't tow long range any model re charge a pain cold forget it insurance ouch repairs a hosipital bill😂 what is a ve 8:36 ry expensive toy to own rc cars parts break often battery s die and there expensive repair guys not many and expensive range run time max 1 hr sound familiar lol charge time 1 2 hrs run time cold half battery fires check can burn dow hole car and explode check the same 😂 wiil burn your cash hard out of your pockets same. Need to be rich to keep one running or expect to be broke all the time to keep running same as ev
GAS BATTERY HYBRID well depends on how you look at it and were you live an the waether if you are in the hills or mountan areas of the us cut you range in half in winter cut your range in half Agen so a ev that claimed 400 miles range would only get about 25 precent of what is claimed do i think evs are worth it no not at this time not until they make better batterys that will not catch of fire pluging hybrid electrics are ok gas in better in winter when will i get a ev when they come out with a solid state battery or hybrid battery teck is not quit there yet maybe in 50 years evs might be a lot better
Keep your expensive keyboard warrior EV. I just bought a Volkswagen 20 years old $600 resorted for $2000 and it’s run great and it’s a 5 manual. And I did it in my garage no Evie for me
I would try to come off a little bit more masculine when you speak. When I wasn't seeing the video I thought it was a woman speaking just trying to help. 0:25
All vehicles, ICE and EV have fallen off the cliff. This is a sign we are in a bad recession
Just Evs
Toyota is thriving
Or people are smartening up.
EV's are dumpster fires. I would not take an EV - even if was free.
Good thing is that when I see an EV - every once in a long while - they do make me laugh; I immediately know everything I need to know about the owner.
free ev will cost your house
@@mikewu9483Amen! And your job - when you run out of charge and fail to show up. No EV - EVER!
Ain't you being racist or something?
BWAAAAAAAHAHAHAHA...
If Americans would not close the market to Chinese cheap EVs, we would go electric fast. EVs are the future! We have a automotive monopoly in the US that makes us buy $70,000 gasoline trucks.
Would you like to buy a bridge?
Not sure I want to share the road with a bunch of cheap chinesium junk. Some of the Korean cars are bad enough since they can't build an engine that doesn't burn oil nearly as fast as gasoline. Don't really want the Amazon name generator car parked next to mine, too much danger of thermal runaway.
EVs are a scam. Its clear peolle are rejecting EVs and the only reason theyre selling is government is forcing EVs and restricting gas cars
The future to nowhere
I
Don't
Want one
Stop Shoving This Krap
Down Our Throats