🛠 What are the real human costs behind the recent EV layoffs? 📉 Mass EV Layoffs: The Untold Human Toll And Stories From The Frontline 👉 WATCH IT NOW HERE! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jtAAmpaDgAY.html
I agree. I've been driving a BMW 530e for over 5 years and am planning to keep it for another 5 unless battery life starts to decline significantly sooner than I think likely, Though hybrid, admittedly it might depreciate a little faster than a gas-only guzzler (GOG), but probably, way less than a full-on BEV. In the meantime, it gets about twice the fuel economy of the equivalent-performance GOG, it's faster, quieter, cost less initially after federal and state rebates, and most importantly, in the meantime I have absolutely no range anxiety. None!. For many drivers who put on somewhat fewer daily miles than I do, it would have all the fuel economy advantages of a BEV, After 10 years of expected ownership, I believe depreciation, especially first-year depreciation, will be the absolute last of my reasons for updating to - you guessed it - another hybrid.
Everything you said in the video is factually true. Nonetheless, for many people like myself, it is irrelevant. I don't buy a car as an investment. I buy it as a useful tool for transportation, and for the enjoyment of ownership. I will own and drive that car until it is worth more in scrap value than resale. How much it depreciates over the first 10 or 15 years doesn't matter to me, as long as it is a car that I like. (The car I drive now is 13 years old, I will drive it another few years.) That said, it was a well done presentation. I upvoted the video, and did *NOT* tell RU-vid to stop recommending your channel to me.😃
Who would pay 37k for your car when you can get a new one for 48k? Your valuation sounds absurd. Especially considering Tesla offers 2% interest rates financing on new cars and has significantly upgraded the Model 3.
@@MMM18092 Please tell me the current market rate for a privately sold one owner 2021 Model 3 Dual Motor Long Range in excellent condition with 53,000kms driven, where I live.
All cars depreciate, especially very high volume and substandard vehicles… This is great for those who want to take advantage and buy pre owned… It’s always been this way, it always will be, EV or not.
Rapid depreciation is bad news for sellers, but good news for buyers. A Nissan Leaf, for example, can be had for as little as $10,000. It doesn't have a lot of range, but that only matters on road trips. It is fine for driving to work and the grocery store.
Just another add sponsored by the oil industry! I love my Bolt EUV! I havenrt purchased any gasoline since April when I put a few dollars worth in an old Blazer I just so I could move it out of the garage.
I agree with you! My father worked for GM/Chrysler and American Motors pushing cars onto dealers floors and lots! He drove several new vehicles a year from each manufacturer ( ranging from a Chrysler 300, a Hudson Hornet, a Nash Rambler wagon to an Oldsmobile coupe) and my mother picked up a new car depending on who he was employed by every year on the East Coast and drove back to Calif. with her 4 squabbling young boys dropping in on unsuspecting relatives on the way back home. My current vehicles include a 2022 BMW X3 m40i with approx. 8000 miles on it and a 2023 Hyundai Ioniq 6 Limited with 11,000 miles on it. ( you will notice that despite being newer the Hyundai has more miles on it!! I LOVE them both! The BMW is well designed and first off the line at an intersection in most cases the Hyundai Ioniq 6 is also first off the line in most cases, its handling/functionality, speed and 80% recharge in 18 minutes! are phenomenal! I have what I believe to be the best of both worlds in regards to ICE and EV's (and it's not a Tesla) The EV recharges overnight if needed or I will be able to use the Tesla charging system shortly as well as Electrify America!! Although EV's are relatively new you should expect a greater amount of depreciation as the legacy manufacturers establish and place their feet (tires and wheels on the ground!) It's time for the oil industry to wake up!! That includes a good number of politicians who are kissing their backsides!!
Greetings from the U.K. The price of a commodity is based on supply and demand. At present demand for cars, new and used is down. High interest rates, and a world of uncertainty make buyers shy of making such a big financial commitment. Here in the U.K., there are now many adverts for new cars at discount and 0% finance for petrol, diesel and electric models.
There are fantastic bargains to be had. I wish I could afford a Tesla 3. Even though they have fantastic reliability their value has sunk. Smart car drivers - especially those with garages or driveways where the car can be charged using cheap off-peak electricity overnight.
There are cars that can increase in value, but then we might be talking about a classic BMW 7 series, for example, from the beginning of the 2000s. or perhaps an older Audi RS model
I buy a new car and drive, and rive it to 200-300,000+ miles. Depreciation rate does not bother me. Cars are holes down which money disappears. Buy the best and us it.
Considering that the average car (ICE) depreciates 10% the min it is driven off the lot and a further 10-20% by year one (20-30% total), your first 5 vehicles fit that range. Low quality/price cars depreciate faster as do higher end cars, as you admit. In short, this video is a deepity.
Great news about the depreciation, that means a lot of people who wouldn't normally be able to afford an EV, can get an excellent second hand one. My last 2 EV's were secondhand and great value. The first one was 9 years old when I sold it and is still going strong. My second one an ID5 had only 7k miles on the clock and really enjoying its energy economy. The software issue has been resolved and I am not experiencing any problems. So, I am all for their depreciation, as I intend to keep this one for a long time. By the way, the Leaf information on this video is a load of rubbish. You haven't heard of the long range Leaf 65kw, which suggests the rest of the information in this video could be wrong too.
Exactly! The Chinese EVs are priced lower in general and yet remain profitable. This shows other major car manufacturers especially US & European are pricing their EVs more exorbitantly. That’s why Elon Musk is so rich (on paper & with first mover advantage). Naturally the depreciation of EV is more than a comparable ICE car.
@@lawrenceemke1866 thanks to competition, in this case from China, US consumers enjoy some savings. Elon Musk has been making insane profits for years.
I will now argue for one of those EVs. The 2023 Bolt was $35,000 loaded as compared to most EVs starting at $50,000. It can be charged on a 110 or 220 outlet. It beat out the other EVs going against it, including a Tesla, on a snowy Colorado mountain route. It was discontinued by Chevy because it was too cheap and too reliable!
@@wendyalcock1924 I am all electric with solar/battery storage and heat pump a 2 EV’s. Not because I believe in climate change, which has been going on for 2.5Bn years now. I changed to reduce the pollution from fossil fuels and save paying the oil barons money by trying to be self sufficient.
Most people drive used ICE cars that are affordable, reliable and economical, in the future when EVs will be mandatory, only people with money will own new cars. Many Americans work repairing and servicing ICE cars, when the government mandates EVs and bands ICE cars they will be without jobs.
In Singapore, it doesn't matter. We have to surrender our cars at 10 years, unless we pay to extend the usage. Therefore most ppl will change cars often anyway
So in most cases at least the better ones run only slightly higher than regular ice cars and trucks! The average first year according to auto associations 10% depreciation the second it's yours and 10-12 % additional by end of 1st year total 20-22% first year. Seems reasonable but I am pleasantly surprised by your report, I thought evs would be more given the constant rebates governments seem to provide and manufacturers rebates! Thank you for pointing out the bad ones however!
Leasing is the solution to depreciation. Most choose to lease a new EV rather than buy it. When you lease, you know exactly how much it is going to cost you each Month. The final lease payment will be the same as the first. There are no nasty depreciation shocks.
Toyota bZ4X is a compliance car. They’re not yet ready for BEVs. They’re i to hybrids and plug-in hybrids. Toyota will go full swing with EVs when solid-state batteries arrive, which Toyota knows is the best type of battery for EVs, and lithium-ion batteries are not(compliance batteries).
Wait until the EV market matures then it will make sense to own one. Just think of like buying the 1st generation Toyota Prius vs. the new Prius now. There’s still a lot of room for improvement for EVs.
If you want to protect yourself from depreciation on any car don’t buy a new car. While to a prospective EV buyer this sounds bad, but it’s great news to an ICE driver who doesn’t mind a lightly used EV. You get a great deal on a nearly new car, in many cases with most of it 10 year 100k mile battery warranty, plus all the other EV advantages like nearly zero maintenance and charging up in your own garage for less than $15.00. How far will your ICE car go on $15.00?
The depreciation is basically a reset that is starting to happen in the market. These cars had a huge mark up during pandemic and newer models are getting big discounts. The majority of the cara shown here are really good
I don’t know WTF you guys are expect. ALL CARS are losing value all the time. EVs are improving quickly, dropping in cost, so the cost drops. They will DROP LIKE A FREAKING ROCK FOR NOW. Deal with it. Those who want the best don’t care.
Tesla will be coming out with EV’s at $10,000. The USA better be prepared to transition to EV’s. EV batteries expected to last 1.5 million miles. Charging will take 10 minutes. Will have a range of 600 to 800 miles.
minus 26% That's probably what a computer processor can decrease in value in far less than a year or the latest graphics card, it can probably also happen to a laptop too
Just another Dinosaur Naysayer. Doesn’t the name “Piston Pundit” tell you all about this post. People buy vehicles to use not as an investment and buy EV’s for the running costs and for a cleaner environment simple as that.
the reasons could be, for example, that it might be more complicated to live with an electric car. maybe public chargers that don't work satisfactorily maybe you should stick with apps and blips. and that you may have to use the navigator when going on longer journeys and that may also not work correctly or satisfactorily that does not provide accurate information
Tesla has software updates on Tesla. so in terms of software, it can basically be as modern even if it is three years old. but it can be a certain type of customer, like those who change their phone often. i.e. people who might want the latest
Plenty ICE cars depreciate a lot in year one. Some EVs are well overpriced. Tesla cars have the possibility of being used as robotaxis. An owner potential for income for its owner. I’ll still have mine in 10 years.🇦🇺
Sorry I did not buy and EV in order to sell it. Depreciation means nothing to me. I have only bough 5 autos in the last 50 years. I owned and drove my last car for 17 years.
Nice distortion job. The biggest cause of Tesla deflation is the reduced cost of production of Teslas at scale. A reduction that Tesla has done the unforgivable and passed along to the consumer. There is a limit to those cost reductions. Only when that limit is reached can you meaningfully compare Tesla depreciation to ICE vehicle depreciation.
True Electric are Losing Value Fast but what do you expect with fast moving technology, when Color Flat Screen TVs first came out they were $26,000 that's RIGHT $26,000 now you can purchase one for $600 now that is the same as a EV. But you mustn't look at how much you will lose as Brand New EVs have came down in price too. You must look at the price you have to pay the difference.
And you all thought EVs were all that? Now you get a hell of a lot less in return. This is the price you get for wanting to be apart of a trend. Go ahead, get another and loose our in the end instead of simply leaving well enough alone. My advice, deal with it...
Breaking news there are 3 million unsold ICE vehicles at dealerships in USA some including unsold 2023 year models! Why do you not talk about these stories.
This a part of the dealership model for selling cars. This too is a failing business model. BYD also has a direct to buyer on-line app interface. It cuts out the middle man (the dealer).
How's it going? It doesn't matter how much the electric cars depreciate, they will be a high need at the immediately future. While too much electric cars there are it'll be better for our future generations. We must open our eyes wide, we are destroying the planet, the last reports about warm globle are alarming, whether we continue so among 100 years will be impossible to live in this planet. With the highest regards Richard mallon.
all EV is losing value a lot, if you compared them to old combustion. except batt price is decreasing alot, more cheap that car then more value at percentage they lost
According to Sandy Merino BYD is an equal competitor to Tesla, and will soon appear in the US. I think Elon is happy to see a good competitor. That means more good EVs and less ICEs Although, China's economy may put a snag in that dream. But BYD is already moving inti Mexico.
If you are used to cars that work and are happy with that, there is no reason to buy an electric car.Then of course you have to avoid French, Swedish and Chinese crap cars.
