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Post by Red Rackham on Feb 17, 2024 17:23:21 GMT
Charging an EV may be more expensive than you think but buying a used EV is getting cheaper. According to data from Auto Trader, new electric cars bought in 2022 have lost 21% of their value already, a dramatic drop for one year of depreciation, especially at a time when the values of petrol and diesel models have remained solid - link Motoring journalist Quentin Wilson who is a fan of EV's, has just been interviewed on GB News. He said a two year old Tesla (apologies cant remember the model) can be picked up for as little as £15k. The presenter asked him how much it was new, Wilson almost sheepishly said, £45k. Which is incredible depreciation. As I said Quentin Wilson is a fan of EV's and in an attempt to promote them he said he's had one for years and has put 40,000 miles on it. He seemed to think this was particularly good. I suppose for an EV, it may be. The average drop in value for a new car in its first year is 24%. That said some older EV's with short ranges have lost quite a lot of value as range has increased quite dramatically on newer ones. Thing is ZG, popular products sell themselves. If EV's were popular the government wouldn't need to force dealers to sell them. |
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Post by zanygame on Feb 17, 2024 17:27:02 GMT
The average drop in value for a new car in its first year is 24%. That said some older EV's with short ranges have lost quite a lot of value as range has increased quite dramatically on newer ones. Thing is ZG, popular products sell themselves. If EV's were popular the government wouldn't need to force dealers to sell them. Yes, so you keep saying and I keep answering. |
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Post by Red Rackham on Feb 17, 2024 17:53:16 GMT
Thing is ZG, popular products sell themselves. If EV's were popular the government wouldn't need to force dealers to sell them. Yes, so you keep saying and I keep answering. I'm not quite sure what that's supposed to mean. To be clear, you are aware (I assume) that the government are forcing dealers to stock unpopular EV's? |
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Post by Dan Dare on Feb 17, 2024 17:58:13 GMT
Surely it's the manufacturers of unpopular EVs who are forcing dealers to stock their products? How does the government come into it?
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Post by Orac on Feb 17, 2024 18:01:29 GMT
Surely it's the manufacturers of unpopular EVs who are forcing dealers to stock their products? How does the government come into it? The government is forcing the hands of the manufacturers with what effectively amount to fines for selling non EVs |
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Post by Red Rackham on Feb 17, 2024 18:12:41 GMT
Surely it's the manufacturers of unpopular EVs who are forcing dealers to stock their products? How does the government come into it? The Government's Zero Emission Vehicle (ZEV) Mandate will create a forced electric vehicle market. This is because EV's are unpopular. |
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Post by Dan Dare on Feb 17, 2024 18:21:22 GMT
The underlying question though is why those EVs are unpopular? As opposed to say, the Tesla Model Y, which was the most popular (most sold) vehicle of any type in Europe in 2023?
If Tesla can do it why can't Vauxhall?
I think what may possibly happen is that Vauxhall will migrate to selling badge-engineered Chinese EVs until such time as it gets its own act together. That wouldn't be anything new for them since they been selling nothing but badge-engineered Opels since the 1970s.
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Post by Pacifico on Feb 17, 2024 18:23:54 GMT
Long-term serious players like Tesla, VAG, Volvo, BMW, MB and the Koreans (and the Chinese) who have made a strong commitment to the technology and designed their sales strategy accordingly will have no worries which unfortunately for prospective ZEV buyers will mean little on no discounts on offer. PS Tesla Model Ys are getting discounted at the moment because a facelift along the lines of the one the Model 3 has already had is strongly rumoured to be in the works. Tesla cut prices several times last year due to slowing sales.. |
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Post by Orac on Feb 17, 2024 18:26:20 GMT
The underlying question though is why those EVs are unpopular? As opposed to say, the Tesla Model Y, which was the most popular (most sold) vehicle of any type in Europe in 2023? If Tesla can do it why can't Vauxhall? I think what may possibly happen is that Vauxhall will migrate to selling badge-engineered Chinese EVs until such time as it gets its own act together. That wouldn't be anything new for them since they been selling nothing but badge-engineered Opels since the 1970s. This is also somewhat deceptive because Tesla's price is subsidised by the carbon credit market - and these are resources which come from other manufacturers who sell IC cars. |
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Post by Bentley on Feb 17, 2024 18:27:08 GMT
The underlying question though is why those EVs are unpopular? As opposed to say, the Tesla Model Y, which was the most popular (most sold) vehicle of any type in Europe in 2023? If Tesla can do it why can't Vauxhall? I think what may possibly happen is that Vauxhall will migrate to selling badge-engineered Chinese EVs until such time as it gets its own act together. That wouldn't be anything new for them since they been selling nothing but badge-engineered Opels since the 1970s. Teslas are the cool dude car. Some people will pay 100 times the price of an adequate handbag for a designer bag. EVs are not as functional or convenient as ICE vehicles . Once the net zero zealots and the ‘ let them eat cake ‘ EV owners own up to this then a rational and reasonable debate about the subject . So far it hasn’t happened . |
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Post by Pacifico on Feb 17, 2024 18:27:13 GMT
The NHS is a cost - it does not lead to growth in the economy. I never mentioned growing the economy, that was you. I say the rich can afford more tax without growing the economy. I say the poor would not be so poor if we were more equitable. A growing economy is the only thing that matters. without a growing economy you dont have the money for the NHS, windmill subsidies, EV subsidies, heat pump subsidies etc etc You dont create growth by increasing taxes. |
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Post by Dan Dare on Feb 17, 2024 18:34:07 GMT
By growth I presume you an increase in GDP?
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Post by zanygame on Feb 17, 2024 18:40:54 GMT
Yes, so you keep saying and I keep answering. I'm not quite sure what that's supposed to mean. To be clear, you are aware (I assume) that the government are forcing dealers to stock unpopular EV's? Yes. But why would I explain again when you make it so clear you don't read or take it in. |
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Post by zanygame on Feb 17, 2024 18:44:18 GMT
By growth I presume you an increase in GDP? And more immigrants. |
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Post by Dan Dare on Feb 17, 2024 22:11:10 GMT
Pacifico isn't saying, but I'm sure he knows that the more immigrants you bring in the more the economy grows, even if they end up on the dole and the government has to borrow the money to house and feed them. It all goes towards increasing the GDP.
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