On an unrelated note, your story reminded me of when I was sent to the dvla to tax 55 trucks, the jobsworth on the counter said you can only tax two vehicles per day. I asked her for her name, she asked why and I said “when they ask why a £110,000,000 distribution centre has come to a standstill I want to throw someone else under the bus “ stoney faced she told me to sit & wait and 3hrs later I left with the tax discs.
So EVs are not just electrified petrol cars. It is an amazing thing. Legacy Auto will adapt or die. The fairytale of Industry can‘t change comes to an end. Look at Tesla earnings or the Chinese market. It disrupts but it gives opportunities. The reason for Mercedes to build a 190 (the first c-class) was out of necessity cause of the oil crisis. Also in the 90s EU discussed about limiting the use of petrol to 5l/100km and the industry replied with lobbying FUD and cheating.
One of the reasons for EVs changing hands in the first 4-5 years could be down to those golden 8 year warranties that protect the consumer. Once these EVs get to around 6-7 years old, who will buy them knowing that the battery and motors warranty is running out, so the residual value for most EVs lies in that warranty, consumer confidence in the modern tech is waining. Depreciation is the biggest issue, far more than range anxiety for most buyers. Another great video
@@StephenButlerOne Yeah, buying them, from new, but the swapping and changing owners 4-5 years old EVs (ex lease and mobility cars) are hitting the used market and people are willing to try an EV at a reduced price, find that it doesn't work for them and sell them on again, and the warranty deadline is ever getting closer. This could explain why EVs are having multiple owners. And for me an 8 year old car isn't really old. But in EV terms, 8 years is the financial minefield zone, because people don't wish to run the risk of a possible battery replacement bill.
@@animal355 I agree, as soon as that battery passes it's warranty date, it's basically going to be worthless. The people that buy 8 to 10 year old cars are not the type to be able to foot a £20-40k bill. I've said for years, EVs break bangornomics. There are 4 owners in a cars life cycle (in general) 1. Leaser 2 4years old at 10-15k 3 8 years old 3-4k 4 12 years old 200-1k That's a the 4 types of buyers, EVs price people 3 and 4 out of the market. This means person 2 now is paying 10-15k knowing they can't sell it for 4k which is the deposit on their next 4 year old car. So then that breaks the price of a 4 year old car, which has the knock on effect of people and fleets HP/leasing a new brand new EVs on the first place. As they will be stuck with massive negative equity. I have an EV on order, but it's a lease I can walk away from at 3 years. As much as I like them, I'd not actually buy one. The studies and trends show, today's batteries should last 20 years, and batteries are only getting better year on year. BUT still people that spend 4k on a cars every 4 years, won't take the gamble. Not today. It's a hard nut to crack, and the inflated prices of new cars form COVID to this year, is only coming back to bite the OEMs as all your early adopters, your biggest fans, are the ones getting burnt.
I appreciate your insights, you raise useful points on the challenges facing EV adoption. However, some of your concerns, particularly around depreciation, seem overly influenced by dealership priorities and the traditional motor trade, rather than the long-term ownership perspective of most consumers. For a buyer who intends to keep their vehicle until it’s no longer drivable, depreciation at any given point has little impact on their overall ownership experience, as resale value becomes largely irrelevant. For consumers, EV ownership often brings significant cost advantages in fuel, maintenance, and overall reliability compared to ICE vehicles. While life circumstances may change for some people, necessitating resale, most owners who have switched to EVs find that these operational savings outweigh potential losses in resale value. This perspective is supported by the experience in Norway, where over 90% of new car sales are EVs, and drivers have embraced the benefits of a robust EV infrastructure. Not only has EV adoption risen rapidly, but most owners are satisfied and don’t revert to ICE vehicles once they’ve switched. Additionally, the concerns you raise about dealership margins and the challenges posed by rapid EV adoption reflect more on the ability of dealerships and automakers to adapt. Resistance to EV technology has already placed some traditional automakers at a disadvantage, as EV-focused brands gain market share and profitability by capitalizing on evolving consumer preferences. For dealerships and brands that are proactive, EV adoption represents an opportunity, not a setback, especially with the ongoing global trend toward supporting EV infrastructure and sustainability. In short, while the shift to EVs brings some adaptation challenges for dealerships, the overall trajectory is clear: EV adoption will only accelerate as infrastructure improves and market trends continue to favor sustainable choices. Delaying this shift would likely harm dealerships and consumers alike, as the demand for reliable, cost-effective EVs continues to grow.
This strategy is about saving the manufacturer £15K fines per car for not hitting its target. This is good for purchasers but poor for sellers both commercial and private.
Yes. Barry could have explained this - other commenters here are befuddled by falling prices being described as a bad thing, not understanding that this is enforced dumping of product.
@@Ed-kv2vb The role of government is to lead on issues of national and international importance, hence the ZEV Mandate signed up to by numerous governments to reduce the impact of pollution and climate change gases. To do this they told manufacturers over 5 years ago that there would be fines if they did not hit certain sale targets for Hybrid and EV cars (£15K per car under their target.) The legacy manufacturers responded by producing very expensive, profitable EVs supported by tax breaks and incentives, widely neglecting the provision of mid priced or cheaper EV range because they were harder to turn into profit. That's most manufacturers but the Chinese, who with their huge home market and government support, developed the very vehicles that many of their population required. Now the legacy auto manufacturers cry foul when Tesla lowers the price of its cars and the EU and US impose tariffs on Chinese goods because of the spectacular failure of their auto makers to provide what their customers want, a good car at a fair price. Now here is the rub ! When you force manufacturers to dump vehicles on a market, that few folk can afford, or want or need, then market forces clutch in and force the cars prices down. ( Personally I think most EVs are £10K-15K overpriced so a fine of £15K seems a fair penalty to encourage compliance.) New EVs are still too expensive and underspec'd on the UK/ Irish market and so will suffer pricing and discount issues, especially now the subsides have gone. The government wants more EVs on the road to meet its ZEV targets, and I really don't think they care how they get there now, as companies have had plenty of time to adapt, but quick as a flash, they failed to change and now are looking at £15K per car fines coming down the road.
So according to you, new EVs are too expensive and 2nd hand EVs depreciate hugely, whilst at the same time new EVs are so cheap that 2nd hand ones are more expensive. Schrodinger's EVs - too expensive, too cheap, new ones lose huge amounts of money becoming second hand ones and yet manage to become more expensive than new ones whilst doing so. Glad we've got that straight.
Haha middle aged man hates EV shocker. You think they cost more to sevice? No timing belts, no oil changes, no fuel filters, no plugs and you think they cost more to service?
Yes, but even though it needs less maintenance, it can only be done at a dealer which charges high service rates. I service my own car, and given that most EV drivers have progressed from BMW/Mercedes/Audi, they've become used to exorbitant servicing costs. If you think dealers are selling EVs in the expectation that they're not going to make money out of after-sales, think again.
@@brendanpells912well put. That’s one reason why im keeping my ice car and van is i can easily self service the car without it trying to kill me. Or need of very expensive equipment or dealership that evs require especially if a computer fails or the batteries need replacement or testing. Let alone extra cost for tyres and suspension components due to the massive wait difference by at least 30% more than the equivalent ice car. Witch also means ev will produce more particulate matter than the equivalent ice car, that is way more bad for the environment than tail pipe emissions. At the end a well kept long owned ice car will for the most part be greener than the equivalent ev. You just need to look at the typical person who pushes evs and owns them, tend to buy new own- finance for 2 to 3 yrs and get another car, and virtue signal there being green and saving the environment 😂, and don’t seem to really care who they effect by doing so. Don’t get me Wong the will be good ev owners who do keep there cars a long term but it dose seem like a smaller percentage.
@@MyAmiVice I’m aware that Nissan were selling pre registered leafs with 15 miles on the odometer along with many other manufacturers . I think the leafs were being offered for around £15k .
Who would have thought EV could also be classified as External Combustion Vehicles ? EV = Exploding Vehicle Extremely Volatile Exothermic Vehicle Bring back steam engines using EV batteries as fuel 🔥🔥🔥🔥
![The TRUE COST Of Fixing An Electric Car Battery | High Mileage Tesla [Episode 5]](http://i.ytimg.com/vi/QstBDw7UJ6Q/mqdefault.jpg)
I'm amazed at how many low mileage EVs are out there on sale at huge discounts. If they're so good why do the original owners want to get rid of them?
On an unrelated note, your story reminded me of when I was sent to the dvla to tax 55 trucks, the jobsworth on the counter said you can only tax two vehicles per day. I asked her for her name, she asked why and I said “when they ask why a £110,000,000 distribution centre has come to a standstill I want to throw someone else under the bus “ stoney faced she told me to sit & wait and 3hrs later I left with the tax discs.
So EVs are not just electrified petrol cars. It is an amazing thing. Legacy Auto will adapt or die. The fairytale of Industry can‘t change comes to an end. Look at Tesla earnings or the Chinese market. It disrupts but it gives opportunities. The reason for Mercedes to build a 190 (the first c-class) was out of necessity cause of the oil crisis. Also in the 90s EU discussed about limiting the use of petrol to 5l/100km and the industry replied with lobbying FUD and cheating.
One of the reasons for EVs changing hands in the first 4-5 years could be down to those golden 8 year warranties that protect the consumer. Once these EVs get to around 6-7 years old, who will buy them knowing that the battery and motors warranty is running out, so the residual value for most EVs lies in that warranty, consumer confidence in the modern tech is waining. Depreciation is the biggest issue, far more than range anxiety for most buyers. Another great video
It's motability and fleet sales.
@@StephenButlerOne Yeah, buying them, from new, but the swapping and changing owners 4-5 years old EVs (ex lease and mobility cars) are hitting the used market and people are willing to try an EV at a reduced price, find that it doesn't work for them and sell them on again, and the warranty deadline is ever getting closer. This could explain why EVs are having multiple owners. And for me an 8 year old car isn't really old. But in EV terms, 8 years is the financial minefield zone, because people don't wish to run the risk of a possible battery replacement bill.
@@animal355 I agree, as soon as that battery passes it's warranty date, it's basically going to be worthless. The people that buy 8 to 10 year old cars are not the type to be able to foot a £20-40k bill.
I've said for years, EVs break bangornomics.
There are 4 owners in a cars life cycle (in general)
1. Leaser
2 4years old at 10-15k
3 8 years old 3-4k
4 12 years old 200-1k
That's a the 4 types of buyers, EVs price people 3 and 4 out of the market. This means person 2 now is paying 10-15k knowing they can't sell it for 4k which is the deposit on their next 4 year old car. So then that breaks the price of a 4 year old car, which has the knock on effect of people and fleets HP/leasing a new brand new EVs on the first place. As they will be stuck with massive negative equity.
I have an EV on order, but it's a lease I can walk away from at 3 years. As much as I like them, I'd not actually buy one.
The studies and trends show, today's batteries should last 20 years, and batteries are only getting better year on year. BUT still people that spend 4k on a cars every 4 years, won't take the gamble. Not today.
It's a hard nut to crack, and the inflated prices of new cars form COVID to this year, is only coming back to bite the OEMs as all your early adopters, your biggest fans, are the ones getting burnt.
@@StephenButlerOne A great comment
We all know they burst into flames the day after their warranty expires .
I appreciate your insights, you raise useful points on the challenges facing EV adoption. However, some of your concerns, particularly around depreciation, seem overly influenced by dealership priorities and the traditional motor trade, rather than the long-term ownership perspective of most consumers. For a buyer who intends to keep their vehicle until it’s no longer drivable, depreciation at any given point has little impact on their overall ownership experience, as resale value becomes largely irrelevant.
For consumers, EV ownership often brings significant cost advantages in fuel, maintenance, and overall reliability compared to ICE vehicles. While life circumstances may change for some people, necessitating resale, most owners who have switched to EVs find that these operational savings outweigh potential losses in resale value. This perspective is supported by the experience in Norway, where over 90% of new car sales are EVs, and drivers have embraced the benefits of a robust EV infrastructure. Not only has EV adoption risen rapidly, but most owners are satisfied and don’t revert to ICE vehicles once they’ve switched.
Additionally, the concerns you raise about dealership margins and the challenges posed by rapid EV adoption reflect more on the ability of dealerships and automakers to adapt. Resistance to EV technology has already placed some traditional automakers at a disadvantage, as EV-focused brands gain market share and profitability by capitalizing on evolving consumer preferences. For dealerships and brands that are proactive, EV adoption represents an opportunity, not a setback, especially with the ongoing global trend toward supporting EV infrastructure and sustainability.
In short, while the shift to EVs brings some adaptation challenges for dealerships, the overall trajectory is clear: EV adoption will only accelerate as infrastructure improves and market trends continue to favor sustainable choices. Delaying this shift would likely harm dealerships and consumers alike, as the demand for reliable, cost-effective EVs continues to grow.
This strategy is about saving the manufacturer £15K fines per car for not hitting its target.
This is good for purchasers but poor for sellers both commercial and private.
Yes. Barry could have explained this - other commenters here are befuddled by falling prices being described as a bad thing, not understanding that this is enforced dumping of product.
@@Ed-kv2vb The role of government is to lead on issues of national and international importance, hence the ZEV Mandate signed up to by numerous governments to reduce the impact of pollution and climate change gases. To do this they told manufacturers over 5 years ago that there would be fines if they did not hit certain sale targets for Hybrid and EV cars (£15K per car under their target.)
The legacy manufacturers responded by producing very expensive, profitable EVs supported by tax breaks and incentives, widely neglecting the provision of mid priced or cheaper EV range because they were harder to turn into profit. That's most manufacturers but the Chinese, who with their huge home market and government support, developed the very vehicles that many of their population required. Now the legacy auto manufacturers cry foul when Tesla lowers the price of its cars and the EU and US impose tariffs on Chinese goods because of the spectacular failure of their auto makers to provide what their customers want, a good car at a fair price. Now here is the rub ! When you force manufacturers to dump vehicles on a market, that few folk can afford, or want or need, then market forces clutch in and force the cars prices down. ( Personally I think most EVs are £10K-15K overpriced so a fine of £15K seems a fair penalty to encourage compliance.) New EVs are still too expensive and underspec'd on the UK/ Irish market and so will suffer pricing and discount issues, especially now the subsides have gone.
The government wants more EVs on the road to meet its ZEV targets, and I really don't think they care how they get there now, as companies have had plenty of time to adapt, but quick as a flash, they failed to change and now are looking at £15K per car fines coming down the road.
So according to you, new EVs are too expensive and 2nd hand EVs depreciate hugely, whilst at the same time new EVs are so cheap that 2nd hand ones are more expensive. Schrodinger's EVs - too expensive, too cheap, new ones lose huge amounts of money becoming second hand ones and yet manage to become more expensive than new ones whilst doing so. Glad we've got that straight.
Haha middle aged man hates EV shocker. You think they cost more to sevice? No timing belts, no oil changes, no fuel filters, no plugs and you think they cost more to service?
Yes, but even though it needs less maintenance, it can only be done at a dealer which charges high service rates. I service my own car, and given that most EV drivers have progressed from BMW/Mercedes/Audi, they've become used to exorbitant servicing costs. If you think dealers are selling EVs in the expectation that they're not going to make money out of after-sales, think again.
@@brendanpells912well put. That’s one reason why im keeping my ice car and van is i can easily self service the car without it trying to kill me. Or need of very expensive equipment or dealership that evs require especially if a computer fails or the batteries need replacement or testing. Let alone extra cost for tyres and suspension components due to the massive wait difference by at least 30% more than the equivalent ice car. Witch also means ev will produce more particulate matter than the equivalent ice car, that is way more bad for the environment than tail pipe emissions. At the end a well kept long owned ice car will for the most part be greener than the equivalent ev. You just need to look at the typical person who pushes evs and owns them, tend to buy new own- finance for 2 to 3 yrs and get another car, and virtue signal there being green and saving the environment 😂, and don’t seem to really care who they effect by doing so. Don’t get me Wong the will be good ev owners who do keep there cars a long term but it dose seem like a smaller percentage.
No they’re not .
thank you, "no they are not" certainly disproves that article that was published in a motor trade magazine, but "OH YES THEY ARE!"
@@MyAmiVice Hang on , are you saying that a new car is cheaper than a used car ?
@@MyAmiVice I’m aware that Nissan were selling pre registered leafs with 15 miles on the odometer along with many other manufacturers . I think the leafs were being offered for around £15k .
It's not a good thing? No, it's a great thing for end users.
Who would have thought EV could also be classified as External Combustion Vehicles ?
EV =
Exploding Vehicle
Extremely Volatile
Exothermic Vehicle
Bring back steam engines using EV batteries as fuel
🔥🔥🔥🔥