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The Beginning of THE END is HERE! The EV Market is DONE! 

The Revv Report
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The once-promising transition to electric vehicles (EVs) is facing significant hurdles that threaten to derail its progress. Multiple factors, ranging from consumer preferences to economic challenges, have converged to cast doubt on the widespread adoption of EVs in the near future. We present six compelling reasons that suggest the EV market's growth may have stalled, signaling the potential beginning of its decline.
Number Six: Consumer Reluctance
Electric vehicles aren't considered essential by consumers. It is not surprising that the majority of drivers do not intend to purchase an electric vehicle in the near future, given the high cost, short range, and other drawbacks. I suppose that's why a lot of governments are passing these new regulations to increase sales; but, these won't amount to much if things don't progress organically. The issue lies in the perception that prospective buyers have of EVs. Only 8% of British respondents to one survey said they were very likely to purchase an electric car to use as their primary mode of transportation during the next five years. The fact that 30% of them are thinking about getting another electric car is likely much more telling. Electric vehicles are not often the main mode of transportation in most households. A second or even third car in the family is the norm. It's reasonable to assume that affluent, eco-conscious families make up the bulk of EV buyers given that these vehicles have found a certain market niche. Unfortunately, the majority of these people have already purchased electric vehicles, and the market is experiencing a shortage of their purchasing power. In other words, the early adopter phase is past, and EVs still haven't advanced enough to become the obvious choice for the middle class. They still can't fulfill the expectations of an average buyer in terms of autonomy, price, and general ease. Moreover, they're not even affordable to run anymore, which leads us to the second reason why the EV Market is done.

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22 авг 2024

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Комментарии : 63   
@beehappy7797
@beehappy7797 2 месяца назад
EV disruption takes 10-15 years from 5% - 90%. new cars sold. in Norway 2013: 6%. 2024 so far close to 90%. Amerika 2023: 8% (2033-2038: 90%) Tony Seba has been spot on.
@skterran
@skterran 2 месяца назад
Meanwhile, I can’t even buy the ev I want fast enough before someone else buys it.
@kolejnipolscykrakersi
@kolejnipolscykrakersi 2 месяца назад
Said noone. Have You recently drove past any dealer site?
@beehappy7797
@beehappy7797 2 месяца назад
@@kolejnipolscykrakersi Have you ever seen a Tesla there? If so, it's because the dealers are too greedy.
@robertollier3085
@robertollier3085 2 месяца назад
Which one do you want? There are teslas lined up at the docks. Polestar can't sell a car. And there are 90 other Chinese brands to choose from, all of whom will undoubtedly sell to you through alibaba. You want a cybertruck, don't you, halfwit?
@marianne5649
@marianne5649 2 месяца назад
FUD. EVs will be economically cheaper than air polluter cars over time.
@beehappy7797
@beehappy7797 2 месяца назад
They have already been cheaper for several years already if you consider the number of horsepower in an EV.
@PDVism
@PDVism 2 месяца назад
except they aren't cheaper neither are they any less air polluting where do you think the electricity comes from? Solarpanels? Windturbines? No and no. Coal, gas and nuclear. On top of it is all the mining for the rare earth metals very bad on the environment not to mention the toxicity that gets dumped when the car ends up on the scrap heap.
@GWAForUTBE
@GWAForUTBE 2 месяца назад
​@PDVism We can not put the cart before the horse. Shell now converting 1000s of gas stations to charging stations. Any vertical tailpipe is cleaner than any roadgoing tailpipe.
@PDVism
@PDVism 2 месяца назад
@@GWAForUTBE Sure mate, sure, any coal burning power plant is way more ecological than a car burning gasoline. *smh* Go back to your school and ask your money back because you didn't get educated but edumacated. Shell converting gas stations has nothing to do with the environment but with PROFIT. EV's are N O T environmentally better. The mining of rare earth elements which destroys the land where it happens, nor the processing of those elements, nor the dumping of the cars, batteries included which poison the ground. In fact, EV's are way worse than ICE cars when it comes to the damage it causes. The big difference that helps EV's image is that all that damage doesn't happen near you or your house.
@pcwcol
@pcwcol 2 месяца назад
@@PDVism Lifecycle impact of electric vehicles is lower unless you are using 100% coal for electricity, in that case the impact is roughly equal. US already has about 40% of electricity from clean sources so EVs are a win here. It's even a greater win where more electricity comes from clean sources (in Sweden a EV only creates 25% of the GHG emissions of a ICE car over its lifetime)
@thomasruwart1722
@thomasruwart1722 2 месяца назад
You are unbelievably misinformed!
@PDVism
@PDVism 2 месяца назад
Care to point out the factual errors he made? Or is it just a case of you being ignorant and wanting to stay that way because you would have to admit that you have no clue but just feelings about the subject?
@thomasruwart1722
@thomasruwart1722 2 месяца назад
​@@PDVism - I will admit my comment was a bit terse and ironically, like you, whenever I see terse comments with no supporting evidence to back it up, I will challenge it and ask for facts and sources. This comes from decades as a research scientist peer reviewing technical papers and watching / studying the automotive industry for the better part of 50 years. I am also an EV early adopter and own a Tesla. So, thanks for asking. That said, it is not clear what sources the author of the video is using, hence this video comes across as FUD. First off, @behappy7977 posted a reply that explains quite well that we are in the early days of EV Adoption and that some countries are ahead of the US. Even so, as for US EV adoption, according to a study by JD Power titled "US Growing Increasingly Divided on EV Adoption" dated 06SEP2023: On a nationwide basis, EV adoption rates have continued to rise steadily, with EV sales now representing 8.6% of the total new-vehicle retail market." The article points out that some states show increasing EV adoption while others show decreasing EV adoption. One the whole, however, EV adoption in the US is increasing. The point is that EV adoption also varies greatly by country, with the US being on the slow side for many reasons, not all of them rational. Take China, for example, the largest car market in the world, whose EV adoption is increasing. This is from an article posted in IEEE Spectrum dated 16MAR2024 titled "China and Norway Lead the World's EV Switchover". It is also worth noting that the reason reported EV adoption "rates" seem to be lower year over year is actually simple mathematics. Many EV detractors are quick to point out a decrease in the "rate" of EV Adoption without understanding or explaining that growth rates are not linear and will naturally decrease over time. That is not the same as a decrease in overall EV sales. It is not worth going into here because it would take too long to explain. But a quick Google search for Economics of Sales Rates or something like that will give you this information. It is also very important to look at the EV ecosystem as a whole, worldwide, and how the various parts of that ecosystem affect each other. For example, new battery technologies are becoming available that allow for greater range, faster charging, and lower prices. Look for articles on CATL battery development. Batteries will continue to improve in several key areas (i.e. coat, capacity, density, charging speed, ...etc) making EVs more accessible to a wider range of customers. Charging infrastructure is also rolling out at a rapid pace. There are reports on this as well on a global basis and on a state-by-state basis in the US. The US Department of Energy is a good source for this information. I could go on but I would hope by now that you can see how misleading this video really is. EVs are here to stay and the EV industry is just getting started rather than dying as the video suggests. Have a great weekend!
@Insertnamehere3000
@Insertnamehere3000 2 месяца назад
@@PDVism lol the ev market is not done thats the dumbest thing ever there is literally billions of years left of the sun and that will generate electricity at best there is 200-300 years of oil assuming its use doesnt kill us all. Thats billions of years of electric not ice engines.
@heyaisdabomb
@heyaisdabomb 2 месяца назад
@@PDVism Well the cost aspect is laughable. $15 at a super charger for 300 miles in a tesla here in California, or $76 in my economy gas car. And with BYD, they have shown that we CAN make lower cost EVs like the $9700 model (studies into the government subsidies in china have shown it's about 12% of the cars price, so without government help, it would be a $11,000 car. They don't need to be starting at $40,000 to $50,000, which is why most people aren't buying them right now.
@PDVism
@PDVism 2 месяца назад
@@heyaisdabomb 15USD for 300 miles ? And how long do you think that will last once the up take really gets high and they have to built more power plants to provide all those charging stations with juice for all the EV's. AND, the prices in California aren't the prices in other states let alone other countries. For instance, Netherlands (2023): 27 Euro for 415 km (=257 miles) Yes, cheap chinese EV's are a thing. But then again, tariffs on them make them far less cheap and there for less attractive. Plus china trying to corner the market by selling them cheap (taking a loss now to make profit later) is not an uncommon practice.
@rayc.8555
@rayc.8555 2 месяца назад
And Tesla is selling them as fast as they can make them.
@veikovasko5603
@veikovasko5603 2 месяца назад
at discounted prices, though
@PDVism
@PDVism 2 месяца назад
no they aren't. Tesla reported in their latest quaterly report to do WORSE by 20% compared to last quarter of 2023 and in comparison with 1st quarter of 2023 doing 8% worse. In fact they produced almost 40.000 model 3's alone that they couldn't get sold in the 1st quarter of this year. And the rest of their models aren't doing good either.
@gabbymcgibson984
@gabbymcgibson984 2 месяца назад
@@PDVism due to the misinformation about Tesla and EVs in the US, you cant explain facts to anybody. Give it some time for it to bake in the last few brain cells they have. Petrol has dominated and controlled and now over 100 years later....we are back to EVs just like the first cars :)
@markday5797
@markday5797 2 месяца назад
And tesla prices are dropping like a rock. And loosing there value.
@PDVism
@PDVism 2 месяца назад
@@markday5797 And every time they drop prices so as to get rid of over stock they damage their brand because imagine buying a car at 60K and six months later the official new prices drops 5.000. In other words, the amount that one would have been paying off over those 6 months if you bought the car with financing would be less than the price drop. But hey, Elon is a business genius (at least that's what his fanboi's claim)
@8ballphilc
@8ballphilc 2 месяца назад
Must resist making negative comment.........shoot can't do it. You have no idea what you are talking about.
@marsovac
@marsovac 2 месяца назад
It is not the beginning of the end, but the end of the bubble and start of stabilization.
@GWAForUTBE
@GWAForUTBE 2 месяца назад
The EV revolution has barely begun. Shell now converting 1000s of gas stations to charging stations. Even big oil knows the good future is electric
@thundersnow3329
@thundersnow3329 2 месяца назад
Yup
@unCoopervised
@unCoopervised 2 месяца назад
I love how many people believe the ICE, invented in the late 1800s, was the pentacle of innovation and nothing will ever replace it. If you have access to an outlet in your garage, an EV is a better buy. Even charging in public I spend $16 on a full “tank”.
@VolkerHett
@VolkerHett 2 месяца назад
Gas must be really chep in the UK.
@eric42ca
@eric42ca 2 месяца назад
I probably will continue to drive electric cars, not for some environmental reason, but because they’re far nicer to drive, faster, quieter, easier to maintain, and just better overall. I know that’s my personal preference, but I know that a lot of people once they try one share that opinion.
@gathonar
@gathonar 2 месяца назад
Do you live in on the earth like we do? as it seams you are looking through the wrong end of the spy glass mate.
@neoanderz
@neoanderz 2 месяца назад
EV market is not done. It has slowed down until cheaper cars come out.
@JustMe99999
@JustMe99999 2 месяца назад
Hyperbole.
@veikovasko5603
@veikovasko5603 2 месяца назад
Hate the video, love the comments. People are not buying FUD!
@lipevp123
@lipevp123 2 месяца назад
So stupid Title..... Just Clickbait
@alexpang5054
@alexpang5054 2 месяца назад
Complete liar
@jackl3336
@jackl3336 2 месяца назад
Not a human being. Can an AI be a liar?
@btw9241
@btw9241 2 месяца назад
The whole push for the EV market was dead on arrival since day one. Charging network should have delegated at the State level. Furthermore, the State should have pushed its own EV lease programs. Face it, there is really no resale value on EV cars. We need to reat them like mobile phones!
@heyaisdabomb
@heyaisdabomb 2 месяца назад
They are not at all like mobile phones. The resale value is because these models are beta models for most manufacturers, and affordable batteries don't exist yet. So people are scared to get a $20,000 battery replacement bill. That won't be the case forever, solid state batteries are starting to go into Toyotas hybrids, and it will be in the EV industry in the coming years. There's many other chemistries in development, it's just a matter of time until we have $5,000 batteries that giver 300+ miles of range and can be recharged in 10 minutes. And I don't think it's more than a decade away.
@metalmilitia224
@metalmilitia224 2 месяца назад
😂
@irusev
@irusev 2 месяца назад
More like "The FUD report" thumbs down
@beaudog639
@beaudog639 2 месяца назад
This infomercial has been bought to you by OPEC, we thank you for gullibly believing that things will be so much better if only we all burn more oil
@heyaisdabomb
@heyaisdabomb 2 месяца назад
Actually it is, and it's been proven in congress that the oil executives knew exactly how much damage fossil fuels were doing to the plant back in the 80's, and spent a fortune on spreading mis-information through channels like this. I would not be surprised if they were still doing this but with EVs.
@CrazedCrittic
@CrazedCrittic 2 месяца назад
What a load of tosh.
@worldthroughasmartphone
@worldthroughasmartphone 2 месяца назад
dude its ok to shut up when you don't know what you are talking about.
@GWAForUTBE
@GWAForUTBE 2 месяца назад
Acknowledged in every civilized country, EVs are the future. Shell now converting 1000s of gas stations to charging stations. Even big oil knows the good future is electric
@agelec1
@agelec1 2 месяца назад
You'll be making video's for Donald Trump next. A great production, I'll give you that but the content is soooo far from reality.
@kolejnipolscykrakersi
@kolejnipolscykrakersi 2 месяца назад
Don't do that. Don't give us hope..
@markday5797
@markday5797 2 месяца назад
That was fast RIP, EVs.
@TEKKENEnterMyDragon
@TEKKENEnterMyDragon 2 месяца назад
CRY
@evilutionltd
@evilutionltd 2 месяца назад
Imagine ignore trends and actual facts because they make you sad. We laugh at anti-EVers the same way we laugh at flat earthers. You're just making yourself look stupid and desperate. Yes, EVs aren't for everyone but that doesn't mean they aren't for anyone.
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