Here's Why Electric Cars Prices Are Set To Fall

Welcome to Brexit-land. Real incomes have stalled. We voted to make things more expensive for ourselves. Americans have never had it so affordable.

Thanks to the WEF agenda 2030 and the hoax pandemic is what caused it

​@@WillBeckerdon't talk shite, the prices are the same in Europe and America, it's the greedy car manufacturers that are only building to order, do you remember a time when a second hand car with 120,000 on the clock would sell for 15,000 to 18,000 pounds no, and no one wanted them, the dealer, would send them straight to auction, and as for new cars they have risen between, 12,000 and 20,000 pounds, every western country.

don't talk shite, the prices are the same in Europe and America, it's the greedy car manufacturers that are only building to order, do you remember a time when a second hand car with 120,000 on the clock would sell for 15,000 to 18,000 pounds no, and no one wanted them, the dealer, would send them straight to auction, and as for new cars they have risen between, 12,000 and 20,000 pounds, every western country

don't talk shite, the prices are the same in Europe and America, it's the greedy car manufacturers that are only building to order, do you remember a time when a second hand car with 120,000 on the clock would sell for 15,000 to 18,000 pounds no, and no one wanted them, the dealer, would send them straight to auction, and as for new cars they have risen between, 12,000 and 20,000 pounds, every western country

Government is there to blame. You can't sell a product below cost to make it "attractive". The only way to meet the government target is to make cars overall more expensive.

@@jonleong22 Yet China has much lower production costs and therefore more competitive pricing because they don’t have ludicrous net-zero taxes. £14k for a new car is reasonable.

China subsidise - a lot@@Bennary

yes, and because ICE cars had their last relative high peak in 2023 they will get more expensive soon, because their production volume is dropping.
diesel cars will be the first that will die. volvo will already stop producing them this year.

So true!, even second hand they are increadibly expensive in the Netherlands. Second hand ev and ice are about the same here.

Additionally, consumers are weary of depreciation related to the advances in battery technology. What would happen to the value of your car if new battery tech doubled range and lowered costs of the batteries by 20-30%. While an outlier of an example; out neighbor
has a Nissan leaf with a weak battery (40 miles of range), that battery cannot be replaced for less than $8,000 USD.

It's also about the specialist skill and cost needed to fix a battery fault if it is out of warranty or not covered by warranty. Ice have been around fir decades so have no similar worry when buying a used one

@@effortlesschoice true, and as the market is progressing very quickly, no protection against that, except by keeping your car longer.

One way of doing this is if companys invest in reusing/ recycling used batteries. If they can make this scale up, batteries will become cheaper and battery lifetime and degradation (and of course price) won't be so scary

Umm, as an owner of a used EV I question your source of information

😂

The natural habitat of a jag/landrover is the back of a tow truck

😂

I mean Jag's always had build quality problems but at least with the EV the battery which is the only real worry is still under warranty. So yes, that's reassuring.

44p per kwh for 7kw at Tesco. 62p per kwh for 50kw. Definitely cheaper than petrol.

car makers should also consider building vertical integration on their supply chain. That will help car makers reduce costs and control their supplies

@@trevorberridge6079 You'll just never be able to sell it.

Just £43k ...... ? The figure £43k should never have the word `just ` in front of it , way out of reach for the vast majority of ordinary people in this country .

⁠@@Battismore-Bluenot meant to sound like it’s trivial. 43k is also a lot to me but relative to the original price it’s almost half price. Also its pcp so nobody is stumping up 43k

And the shitty substandard batterys there using now with manufactures using much more seriously super cheaper minerals that all manufacturers are going to use very soon which don't last as long and hardy have much range the manufacturers arnt putting prices down and loseing money on the cars there just using cheaper and cheaper substandard materials to build them im never having them

Charge at home, anyone? No?

when i bought my ev 3 years ago there was one or two chargers at each service station. there is now 6,12, 24 or even 54 at Hopwood m42. 80 at exeter a30. 😮

Yes and pricing.

@@richardrichard9631 but according to the press they’re now worth nothing, go buy one!

Then look up battery replacement costs

@@harrisr1018 How often does that happen? How many years do batteries last? If I buy a new Tesla now I probably won't have to worry about it for 10 years or more.

@@harrisr1018Numerous studies are showing that batteries are good for 200,000 miles +. So, probably the least component to worry about.

I love depreciation because I buy 3 to 5 year old cars and run them till they die, so I get a cheaper car...
However I do look at running costs ie repair service insurance and tax,
I don't do many miles so main costs will be insurance and possibly tax if I get a reliable car.
I'd have a ev but for the cost of buying and insuring , the battery does not worry me too much, I figured I'd get a car with a big enough battery that even if it lost half it's capacity it would still do what I need.

@@harrisr1018a battery made today will last longer than most engines and transmissions. LFPs are expected to do 500.000+ kms.

love to australia from italy

In which State?

@@phuketexplorer AUSTRALIA

Apply that logic to Petrol and Diesel and they BOTH get worse. It takes energy to drill for oil, refine and ship oil too.

We all knew it was a lie the whole time but the cultists continuously denied it and of course it doesn't fit the mainstream 'narrative'

Yes, error

Before EVs became a thing, manufacturer's 'range' used to refer to their model line up (at least in the UK). That is what Rory is referring to here, and not the 'range a vehicle can travel'. Fundamentally, you are right, but I can see the source of confusion here.

It's completely clear (and understood) he's referring to their model line up @@SuperRacingBros Still nothing to do with the ZEV Mandate.

Loooool what are you on about @@SuperRacingBros, think you confused yourself reading what the commentor above wrote lol

Well spotted and correct.

That’s only an issue for the early adopters. Someone like me about
To buy the dip!

@@Aggie4life77 On what planet? Pick any used EV. What is it worth now compared to what some fool paid for it? Good luck, buddy. I have no interest in paying $$$$$ for a nightmare crematorium on wheels.

I've said the same thing.

@@richardweyland116 Gas cars are FAR more likely to over-turn and blow up. This happens every day. If an EV does overheat, it fizzes slowly and you can get out long before it burns.

Nobody will want an old petrol car in the near future, EVs will keep their value. They don't need on-going expense and don't give your family cancer fumes.

I've had my Kia eNiro 3 years. It still has 4 years of warranty left to run. I had one minor fault at 1300 miles from new, which was a seatbelt warning sensor. This was rectified inside 30 minutes by the dealer. Since then, nothing. No repairs, just servicing at less than £70 a time. I just renewed my insurance 2 Months ago, which cost me £80 more than my petrol car. I don't mind that, because I'm saving around £2k a year by no longer having to use petrol. Which EV have you had to repair and insure? Something with only around 30 moving parts is a lot less likely to go wrong than something with thousands of moving parts.....no timing or fan belts, no ignition system, no exhaust, no clutch, no gearbox.....

People say that but i have noticed that most problems in my ice car are electric related

This video is specifically about the upfront cost, not the total cost of ownership.

😂😂😂

Insurance is comparable with similar performance ICE cars. Repair cost i.e. wear and tear are also similar. Servicing is minimal, Tesla don't even have a service schedule. The first Service for my EV6 which is after 2 years is around £170.

well, in the nicest way possible, you’ll probably be waiting until you’re 90! Insurance I find is no more than any other diesel or petrol, at least it was for me. Fast charging is also not needed for most people in every location unless you have no ability to charge at home or you do 30k miles or more every year!

@@mikeconnolly6845 'no ability to charge at home' that's a significant portion of the population.

@@CyrilSneer123 The vast majority I would hazard a guess, unless you are laying charging cables over the footpath.

Why not wait until they can fly?

Car Expert just did one with a Rivian in California...3 hour wait for a charger, and this was at 9pm.

Exactly, nothing comes close to filling up with petrol in 5 minutes. Why would you swap 500 miles range for 200 and have the worry of where you will charge up. Makes no sense and people are saying no.

true, still there's electricity everywhere can't be that hard to make charging infrastructure work eventually

40% of UK housing stock have driveways and a bit more than that could charge off road. most out of town/city centre businesses have space for people to charge too - this massively helps those who cant charge at home. Most sold EV's (currently) are salary sacrifice for business use users aren't paying for the electricity for the most part - it's expensed.

RAC say 65% in UK have or could have access to off-street parking.

That is the ideal case scenario. It's been well over a year since I used a public charger...

You only used 10% of battery in 11 years that’s fantastic range

I had only done 21k miles and all of my journeys were local the majority of the time. All of my long distance journeys were done in my Disco. Now that the latest EV's do greater distances, I decided to sell both cars and replace it with the ID5.

If you’d bought it, you’d be about £30k worse off in 12 months so lucky escape 👍🏻

Fortunately (fixed it for you)

Wait a couple of years it'll be 5k

@@firstnamed1501 Woooow 😲

So same as it is now then

The fires worry me the most. Also the weight of the cars , so heavy some crash barriers can’t contain them and difficult for recovery vehicle to tow you away if you breakdown. I won’t be buying one anytime soon.

An EV fire is without question more hazardous and harder to put out but it’s also a lot less likely to go on fire compared to an ICE car.
Many modern ICE cars are not that much lighter than equivalent EVs really

ok u feel safer riding on 60 liters of explozive fuel?

They can’t sell ANY of their cars, the cost of living is far too high and people can’t afford new / used cars.

Go grab yourself a bargain then. :)

It is not a bargain, if no one is buynig it@@DavidPlayfair

people are saying that for new EVs as well. and still EV sales numbers are climbing.

Exactly, not good for new sales either is it. Who's going to buy one new if they know there gonna lose half the value in 3 yrs

Probably depends on the brand. I bought i3 (ev) and my insurance costs actually dropped

No change on my insurance. But if you're moving from a 1.0l Fiesta to a car that can do 0-60 in 3 seconds, wouldn't you expect your premiums to go up? EV or not!

Prob due to the fire risks

Yeah, being one of the first adopters comes with downsides. I love my Peugeot e-208 but charging is very much 'little and often' while Zap-map is very much my friend, one that I never leave home without. While services are either manufacturer or Halfords. So not much of a choice. Expensive or questionable.

Ah it’s well past the early adopter phase.

Apparently the Renault dealer is the actual problem.

Cleveley Mobile EV repair.

French and electric don't go well together 😂

Not true. An EV's battery can be easily tested with an OBD, via the car's diagnostic socket. This can provide a print-out of the battery's state of health in percentage terms..... Temperature variations can make around 15 to 20% difference in range. Hardly "serious" for the vast majority of drivers, who drive less than 50 miles a day.....

Yeah, this is just another fanboy video. The EV market is basically dead.

@@Spideynwwow, bold words from someone who clearly hasn’t done any investigative research!

@@humphreybradley3060 Basically, no one that rents their residence, is on a vacation, that wants lower insurance rates, cheaper and quicker repairs, a vehicle that doesn’t plummet in value, that doesn’t take hours to fill up, or cares about the environment, wants one of those pieces of junk. Maybe you should look in the mirror to see who hasn't done their research?

@@Spideynw In China, 50% of all new car sales in 2024 will be EVs. The EU will follow. Pretty good for a ‘dead’ market.

@@Spideynw So no evidence then! I’ve driven EVs for 4 years (50k miles), no maintenance, no parts, 285 miles £6.50 ($8.50). Faster, quieter& less stress. The math(s) speak for itself!

Subscribed day 1

Who ?

Yes, he’s going to be correct again.

Who?

@@andrewwaller5913 use Google or KRplus?

@@andrewwaller5913 Ah, look the name up. Also look for Re-ThinkX. Some of the things you read will seem like nuts. But those things he has predicted, going back nearly two decades, have come to pass. Look for the future predictions and stay open minded.

A recent RAC study found that around 60% of housing in Britain had either a drive or a dedicated parking place. It appears you have not heard of charge network subscriptions. My local charge network is priced at 38p to 48p per kwh, if you use one of the 3 subscription rates they offer. Non-subscribers will always pay more. Even charging at 48p per kwh will be cheaper than using petrol, as most EV's will achieve at least 3 to 3.5 miles per kw, and quite a bit more around town.

And to add to your facts. if you take those households without off-street parking they have a much lower percentage of car ownership than those that do. London, for example, has the lowest household car ownership percentage in the UK. @@Brian-om2hh

@@Brian-om2hh A 5 l/100 km car (Pretty much any non-SUV can hit this when driven efficiently) will use 0.28 liters of fuel to cover 3.5 miles, which would cost just under 48p if you're paying £1.70 a liter, so based on your figures, electric cars don't seem to be cheaper to run, especially given how much extra you pay up front to get them and how far you have to drive on gren electricity before you're polluting less overall than an IC car. Electric cars are better in stop-start driving (But if that's what you're driving in, walking, public transport and especially cycling are likely to be better options - where I live isn't particularly high density urban area and cycling is significantly quicker at peak times) while IC cars are much better for sustained cruising at motorway speed.
Last week I covered a over 2000 km across Chunks of Spain and France and had to stop to refuel a total of twice - the ability to get 1000 km range in 5 minutes is especially handy when you're heading for the ferry home and running slightly late, and making the stops as short as possible. I didn't see car charging anywhere I stopped either, though some of the big motorway stops do have them based on the signs, but they're few and far between compared to normal petrol stations and given the relative ranges of the vehicles involved it needs to be the other way around for electric drivers to have as little worry about range as IC drivers.

Pretty much unchanged versus the US$ and Euro over the last year.

Unchanged Vs the euro for more like 15 years.

Martin, are you going to accept you are wrong?

If previous owner leased the car, battery care not important to them..... 100% every day then....

You could say the same about a car with an engine, unfortunately. With any car - its lifespan will rely heavily on how well it has been looked after.

@@callum-jim-pNew engine still doesn’t typically cost as much as a new EV battery.

That,s why I will never buy a lease car be it EV, Petrol or Diesel

It's easy and simple enough to get the battery pack tested......

Why do you have to have a garage? I do have a garage, although my charger is bolted to the side of my house on my drive.... Depreciation isn't an issue if you lease, which is what most people who choose a new EV do.....

Don't need a garage at all. You can charge in any weather, rain, snow whatever. It's easier if you have off road parking though, yes.

Great response. Made me think. What you say about charging spots and costs is indeed important factor. I think that does play an important role.
About being unreliable I'm not so sure. Depends probably on brand. Maintenance can be cheaper for some.

You used the word sales twice in one sentence. EV sales have hit a wall. Or sales of EV's have hit a wall. There. That's better.

Most people live in flats? Without even researching that claim I know it's BS.

It's a bitter pill (for now) but their is a reason these mandates are being pushed. The world is rapidly going downhill environmentally as is and tossing fossils is part of the fix. I like Earth; all my stuff is here and as much as I'd love to sometimes their are no tickets off this rock. I'd rather it didn't get even worse. As no one is arguing that EVs are true peers to conventional vehicles -they aren't- (I say this an an EV driver) but early petrol cars weren't great either but they got better. A lot better. So will EVs. As they have been for years now.

The idea that because the US is a large country they need longer range makes no sense. By the way, Europeans can driver from one country to another!
"A research study for the Bureau of Transportation Statistics focused on the number of daily trips taken in the United States. In 2021, 52% of all trips, including all modes of transportation, were less than three miles, with 28% of trips less than one mile. Just 2% of all trips were greater than 50 miles."

Where TF are you driving? 350 miles at 70mph is 8 hours of driving. Or four hours each way. Unless you are driving 200 miles in to the wilderness and 50 miles past the last charger, this is not an issue

I bet you the decision makers will never have your issue. They don't care about us

Me. I love my family.

Why wouldn't you be able to charge it?

​@@rutger1101Because he's not very clever and didn't pay attention to the 50 warnings that he was running out of charge.
Probably shouldn't be driving really.

That was a non-sequeter

Queue. A cue is a snooker or pool instrument.

No

Yup

No

No

Total nonsense and very bad maths to boot.

JB Straubel
Former chief technology officer of Tesla Motors.
Runs a battery recycle company that is expanding globally.

It's sleight of hand, not slight.

@@Nickbaldeagle02 you’re reight.

I believe it all boils down to individual preference. As an electric vehicle owner, I recently visited a petrol station to refuel my lawnmower. However, the experience left much to be desired. The fuel tank was brimming with condensation, and unfortunately, my lawnmower refused to start. Moreover, waiting in line at the petrol station felt like an unnecessary hassle.

Can you explain why you thought they were too much hassle?

@@denism66 it was the hassle of having to plan any long journeys and not having that ability to just jump in the car and go. The range was shocking and anytime I pulled into a charging station it was either broken or there was already a queue. I’m not saying EV’s aren’t the future, but until the cars match the range of combustion engines and the infrastructure is in place to recharge as quickly as the pumps then I’ll be giving EV’s a miss

@@pato10111 isnt spending 45 minutes to charge a short ranged electric car is a hastle. How do you get around that? Im planning on getting an electric car

@@Twongz_does_anything If you Install a home charger and charge it at night you'll get plenty of range that way.

the prices are coming down cause of many unsold cars here, maybe same for you.

Wow that's a decent price for leasing ionqi 5.. Who you getting this through?

and they are less energy dense and hence heavier, one problem solved by another problem. petrol and diesel are many multiple times more energy dense than both batteries, problem solved.

@@stevezodiac491 ok lol. How about a horse, cart and a small paddock of grass!? Holy shit! We’ve solved all the problems!

Don't purchase. Lease.

@@Nickbaldeagle02 leasing is the best choice if you absolutely need an EV; personal I’ll never need an EV. We just don’t have the lifestyle or budget for such a thing.

@@animal355 I thought I didn't have the budget but then I realised that the repayments on £5000 loans every few years to buy some high mileage wreck were not much less expensive than the lease cost of a brand new BMW X1. So I leased one for 5 years. Then I bought it outright as I knew its history. Then I leased the wife a brand new Juke Tekna Hybrid.

@@Nickbaldeagle02 I don’t borrow money, I save up to purchase our cars and never by new. I like to have a disposable source of income that I can fully utilise at any point. I suppose I’m old fashioned that way. We try our best to avoid debt or leasing anything. But leasing can be a great way into a new vehicle and like you said you know it’s history and you have the option to buy the vehicle outright after the lease as ended if the residual value isn’t less than the purchase cost.

​@@animal355Terrible financial decision to buy new. Numerous videos out here about whether it is cheaper to lease, PCP or cash buy, I suggest you watch one. Second hand buying cash is okay.

What country? Here in the US, used car priced are still insanely high since covid.

No they didn’t. Lazy comment. My car has lost £250 in a year according to carwow and motorway. That’s a five year old car so I wouldn’t call that bombed

This is a U.K. channel and he gave real examples. On the Autotrader website there is a 1 year old 11000 mile Audi Q4 e-tron for £35000. The cheapest Porsche Taycan is £44000 and is labelled "higher price" (maybe due to the 70000 miles).

At least it is easy for you guys. You have plenty of sunlight...in some areas more than 3000 hours per year...install solar power plants around the country and you will have plenty of free electricity.

Same in Ghana. It's even getting worse and more expensive.

I think we need to normalise going off the grid in SA. Once I’ve got solar at home, I’ll consider the volvo ex30 for the school run.

Not if you have a solar system

@@ernestmahlangu6218 how many people can afford it?

The younger generation will be very interested in cars if they had lower insurance, often as a result of less bespoke gadgets and horsepower that is only slightly more than necessary. Android Auto/Apple Car Play and heated seats aside, I'd argue that the gadgets are built and targeted for middle age generation that can actually afford new cars

You've hit the nail on the head. Imagine a brand new EV with all features of a first generation Fiesta. They'd be a third of the cost. Here in Thailand we have the NETA V, which is just that, and sells for £10K.

i think there is a lot of gimmicks which people particularly 40+ doesnt use or there is no place to use them. Unless you always drive across the country on motorway . in car should be good music . sound isolation, reliable, easy quick access to essential things and fuel officiant. all this Christmas light shit do not do anything and adds no value at all

@@serz1885 Spot on!

Exactly, where is the Fiesta sized EV? Teslas are all ugly huge blobs made for big Americans! Where is the normal EV?

They are doing Horrible with sales

Those are doing horrible in sales for two reasons. Price and it’s still too easy for buyers to simple buy ICE cars as that’s what their use too and don’t understand electric cars enough. I was literally that person. A lot of people are like me. With that said, I did the homework and I’m switching to electric! Especially ow that the prices are down!

Another reason is the infastructure is miles worse in the USA than in the UK and also realiabilty in colder climates.

Petrol is so cheap in the USA compared to most countries why would you want an EV. A big V6 or V8 is just fine, especially for trucks.

I'm sorry I'm a tiny bit (lmao a lot) ignorant about the North American market. Are you saying Ford makes the F-150 in an *electric or hybrid version?!*
Please say I have misunderstood you, mate. The hugest truck I have ever seen in my life, the beast of beasts, with an EV powertrain? Lol I'm sorry if I got that wrong I just needed to check with you because... wtf. I would have guessed the typical F-150 owner wouldn't give a flying fuck about environmentally conscious anything?

A base spec i5 40 is £67k, a base spec petrol 520 (BMW no longer sell diesels) is £51k, which has about 40% less power and the standard spec is lower. So actually the price difference is less than you think.
The rest of your post assumes ICE cars never go wrong, and there are no ‘horror stories’ with DPF filters 🤣

@@SDK2006b😂 what are those horror stories with DPFfilters?

I still wouldn’t buy one…😂

60%? Are you crazy?

proof?

@@uamade Look at two year old cars like the Kia Niro where both EV and Hybrid are available and if anything the EVs are cheaper.

Yes but you're going from a 0.1% chance to a 0.01% chance. The only time we should be worried about that is airplanes or these people that buy cheap chinese scooters from dodgy sellers

a fucking scam. This some wizard of oz, man behind the curtain shit. No one wants an electric car.

It will change once battery recycling takes off. However, mining is currently cheaper than recycling as lithium is so abundant.

Never change or improve - of course it will. Already the 2nd gen cars are less of impact than the Gen 1 cars.
What will never change is the amount of (un-recyclable) fuel being used by cars - The average use is 17,0000 per ICE car 🤯

@@SDK2006b It's almost as if plants eat c02.... maybe i'm wrong. Didn't pass chemistry.

@@Bahamuttiamat Forget the C02 , it's the other tailpipe emissions and fumes i'm breathing in (and can taste) from the ICE engines I want rid of !

So is filling up with petrol. Hardly any council estates have petrol stations.

Get out of the estate.

You won't lose a single penny if you lease it, which s what most would do.....

He's a terrible presenter. He just falls for the latest. In his eyes the latest tech is best. Absolutely clues guy, reading from a script and can't form his own opinion. Watch other presenters there, not so biased!!

Depreciation isn't a worry if you lease, which is what most people who go for a new EV do.....

Why? How many miles does the average person do a day or even a week. Most ppl put £20/30 of fuel in at a time, that about 150-200 mile range and they manage fine.

I used to think that but the reality is nobody needs to do that amount of mileage in one sitting. There are thousands of drivers already using 200-250 mile EVs who are confident enough to know that 99% of the time, that’s all that’s necessary.

Absolutely spot on. This is the main problem. There is no range. You can commute a short distance in the week but a day out at the weekend is pointless because you won't get to the coast/forest/city and back on one charge. Just doesn't work. EVs need to be 400 miles range and charge in 10 minutes to compete with petrol and diesel cars. Plus they need to be way way cheaper.

@@callum-jim-p You've never been on a day out across the country? BS. Ever been to the USA or Canada, huge distances involved. Its not popping to Tesco 6 miles away.

Electricity prices in general need to come down too, as the savings over petrol / diesel aren't that big, depending on miles per year. Especially if they cost more than £40k so you pay £390 a year car tax as well as insurance costs.....?

Well the funny part about hybrids is.. sooner or later that battery pulling such a heavy vehicle will die. Then again thats gonna cost a ton. Else the user will be lugging around dead weight. makes no sense.

@@kashifgul5110 I totally agree, the only benefit to the hybrid is that it can still run with just the petrol engine if the battery is dead/low/or needs to be replaced. The cost of which is unknown at this point per manufacturer/model. The thing to remember from our own transport history is that we were using electric vehicles over 110 years ago. Trams, trolley buses etc were used. We can see old film footage of them being charged overnight on cables, even my milkman in the 70's used electric milk floats to deliver milk around towns and cities. So if they were so good, why did we get rid of them in favour of diesel and petrol vehicles? Simple, history is repeating itself. Batteries and charging take far too long and are not good for long journeys. They knew this over 100 years ago. Why are we trying to do the same thing again knowing what the outcome is and the need to go back to ICE based vehicles once again.

@@AdamForeman Well 2 years ago, I didnt agree with the mad direction the world was going in, with locking everything down and forcing everyone to get a medical intervention.
Yet all of that fell apart. I would think this too shall fall apart give it time.

it could be that the spare part battery modules are getting cheaper as well. i think that porsche is one of the companies that really care a lot about their customers.

mnnno that's not true.
It was 2 cases from Hyundai who sold like 1000cars .
Meanwhile Tesla that sells millions of cars ,charges 10-20k for batteries.
why lie?

More fool them. Personally I wouldn't replace the battery, I'd have it refurbished by an EV specialist, at a fraction of the cost of replacing it....

No queue on my driveway.

No, there's not. A lot of sources saying this now. Copper is literally a national security issue too. Plus, its not just the cars themselves, if people want more charging, endless roads need to be dug up and more cables installed. AI uses huge amounts of energy (set to get even worse) if people want self driving. It's utter madness when you really think about it.

Yes, there are. It is estimated there are around 3 to 4 times the amount of materials still in the ground, than will be needed over the next couple of decades. And try not to confuse the word "rare" as meaning scarce, when talking about the mineral elements required to build EV batteries. It is a technical/scientific term, and does not mean scarcity.......

​@Brian-om2hh yes it's in the ground, but you need to do your research - what's the annual mine supply for copper, neodymium, gallium etc? For some elements needed its literally decades worth of total mine supply.
And spoiler alert - you're not getting that out of the ground using electric plant...

Strange time to bring that up but yes. Also, there aren't 8bn cars in the world now, and will likely never be

Solar energy is entirely free and now very cheap to install!

​@@phuketexplorer Very few people have land and live on houses my man!! What kind of bubble are you living on?

Why do ppl not understand all these simple truths and still want to buy shitty evs?... Beats me...

Governments do not sell cars. What a surprise, isn't it?

It won’t . They will adjust overtime as EV’s become more common and the standard.

Insurance is only expensive because EV's are overpriced in the Western world. That's about to change!

@@Aggie4life77 If they stay economically unviable to repair then insurance rates will stay sky-high, moreso since fewer insurance companies will be open to insuring them due to the increased financial risk they present.

Hydrogen makes the most sense, but politically and financially it's not. End of!

I don't have any technical training at all, so please forgive me, but am I crazy to wonder what will happen when millions and millions of people will plug their cars into the grid when they arrive home at six o'clock in the evening!? @@phuketexplorer

@@phuketexplorer how? hydrogen would of been the option if it was the better choice, its a new technology and it will get better, just like ICE cars did, over a century of ICE cars have been compared to electric cars and tech not older than 20 years and every year there is major improvements, not to mention the infrastructure that has been built over the century for ICE cars that electric cars have not had the time yet. ridiculous argument

no. the prices for new EVs are getting down. that means this is the new reference price for the used cars as well. and then, new cars are also more attractive and better as well. this together is enough to explain the depreciation.

Yes... It's sooo simple and clear and yet everybody covers their eyes not to see the elephant in the room. Even when it trumpets 😂

In fact the opposite is true.

MG4 is literally 5 grand cheaper than a Toyota Corolla. It's not that EVs are overpriced, it's the government taxing all new cars into oblivion

@@tedarcher9120 Who wants and MG? 😂

They are not overpriced. They are much more expensive to make. Even at these prices the car companies lose thousands on every sell

@@brunorivademar5356 In that case the technology is not mature enough for mainstream sales. So overpriced.

They already are tanking. Most EV owners are in negative equity but won't admit it. They bang on about how great it is 😂