EV sales are crashing. Two car designers tell you why.

Every day, there's another article talking about the crash in EV sales.
Is it the lag between the early adopters and the early majority that we're seeing?
Or could it simply be the fact that the product's not good enough...
Joe and Drew explore what's going on.
⏰ Time stamps
00:00 Intro
06:27 There's still not enough variety in the EV market
08:04 The cost of batteries as a percentage of the car
11:49 Cost and availability of finance as a barrier to adoption
13:26 The lack of desirable EVs
15:51 The EV is a car, but not as we know it
18:01 How the Chinese are reinventing the car and the Europeans are not
23:15 The total cost of ownership argument
25:30 The reckoning of the Munich motor show for Germany
27:14 The emerging used EV market
32:08 What is enough range?
33:37 Techno-materialism as a way to understand the race for range
43:27 But what about the Cybertruck?
44:05 Outro
🔗 Links
Visual Capitalist on the cost of EV batteries - www.visualcapitalist.com/visu...
The Mercedes EQ models just aren't desirable enough - jalopnik.com/dealer-says-the-...
Loyalty to EVs is very low - www.drive.com.au/news/study-f...
Cal Newport on techno materialism - calnewport.com/sebastian-jung...
🎧 Listen and subscribe to the podcast
Apple - podcasts.apple.com/au/podcast...
Spotify - open.spotify.com/show/0YschSr...
Other platforms and streaming - podcast.lookingout.io
📨 Subscribe to the newsletter
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📸 Follow us on Instagram
/ lookingoutpodcast
🤝 Connect with us on LinkedIn
Joe - / joseph-simpson-92863a2
Drew - / drewpasmith

Пікірлер: 135

  • @surferdude4487
    @surferdude44878 ай бұрын

    No. BEV sales are not crashing. What is crashing is sales of POS, overpriced BEVs, manufactured by people that are very good at building ICE vehicles. Hope that clears things up.

  • @777Outrigger
    @777Outrigger7 ай бұрын

    "According to an estimate from Kelley Blue Book, U.S. EV sales reached an all-time high of 313,086 in the third quarter of 2023, a 49.8% year-over-year increase. It was the first time quarterly EV sales topped 300,000, bringing EV sales to more than 873,000 through the first nine months of the year and all but ensuring the U.S. will surpass 1 million EV sales for the first time, possibly by Thanksgiving, KBB said. According to Cox, U.S. EV sales have increased for 13 consecutive quarters." ~Wards Automotive

  • @DUCKSAREEVILLLLLLLL

    @DUCKSAREEVILLLLLLLL

    5 ай бұрын

    Is that shipments to dealers, (sales from manufacturers) or actual end consumer EV purchases?

  • @Neojhun
    @Neojhun8 ай бұрын

    LOL The EQ sedan lineup is soo FUGLY on purpose. That EQ Sedan desirability problem is Mercedes' own fault. Meanwhile eTron GT, Porsche Taycan, Audi A6 eTron, NIO ET7, Genesis G80 Electrified and LUCID AIR. They are all soo sleek and beautiful.

  • @tigertoo01

    @tigertoo01

    7 ай бұрын

    Agree 100% it does seem like it could be on purpose as Toyota have done the same thing with their bz4x blah blah weird excuse of a vehicle so they can reach this point to complain about evs and keep the debate going trying to keep ice cars relevant. IMO of course.

  • @tigertoo01
    @tigertoo017 ай бұрын

    Pure and simple fact that Tesla price reductions have had a huge effect on legacy auto ability to produce a vehicle and sell at a profit. Once Tesla reduced price legacy auto already struggling with ev costs had no other place to go with the current line up but to reduce production of vehicles they were not going to sell because of price and they were going to lose money on anyway.

  • @johnwiley2901
    @johnwiley29018 ай бұрын

    EV adoption in the US is 7.9 % not 6%.

  • @rsamd

    @rsamd

    7 ай бұрын

    It is 7.4% through Q3 2023 and counting and 2022 was 5.2%.

  • @seebarry4068
    @seebarry40688 ай бұрын

    Still on iPhone 11, I plan on keeping it as long as possible. I think of it as a utility item, like a fridge-freezer.

  • @MJ-zo5gb
    @MJ-zo5gb7 ай бұрын

    The main problem is that legacy manufacturers don’t know how to produce a good EV or make a profit. People don’t want to buy them. Also the charging infrastructure for any vehicle other than Tesla sucks. So in my opinion is not that you don’t want EVs, it’s that good choices are exceptional limited.

  • @rainersta7073

    @rainersta7073

    6 ай бұрын

    It should be a charging point with at least 4 plugs at every gas station.

  • @mikeolly67
    @mikeolly677 ай бұрын

    The current U.K. market for EV’s is not a true reflection of “real” demand . Over 75% of new EV registrations here are fleet/company, those registrations are due to government tax concessions . Take those concessions away , and the new registrations would plummet. Once those new cars are 1 ,2, or 3 years old and find their way onto the used market, is when we see the true demand. That’s what’s happening now, and the used prices are showing that EV take up is slow. There are a few factors at play, 1.EV’s are just too expensive to tempt a lot of private buyers. 2. Higher insurance costs. 3. Inconvenience of public charging. 4. Fear of new technology 5. The government prolonging the ban on ICE sales. EVs undoubtedly have their place and can save money on actual running costs for those who can home charge and rarely need a public charger, but anything other than that and they become a bad choice for most. The comments section of these types of videos always seem to attract current EV Owners, saying how wonderful their car is and giving examples of how cheap they are to run, but those opinions are subjective and not relevant to most. I believe we won’t see the real picture of EV demand for a few years yet, there’s a lot needs to change before then in terms of price and battery technology to tempt the doubters , but one thing is certain, EV’s can’t possibly be fit for purpose for everyone, the country would grind to a halt.

  • @simonreeves2017
    @simonreeves20178 ай бұрын

    Hi gus, greetings from Oxford, U.K. It certainly is a fascinating period in the evolution of the motor vehicle. I’m 58 and have been a car enthusiast since childhood. I have a track day car and a daily driver. Since 2019 my daily driver is an EV - a BMW i3. The EV works extremely well as a daily driver, and I remain pleased with my decision. The running costs a far lower than a combustion car, but it is also a good drive: instant torque and acceleration combined with much lower frustrations of driving on a congested road network. I still enjoy track days in a manual combustion car, with the personal challenges of honing skills like heel-toe braking and down shifting. But daily driving on congested roads, the EV is just a much better solution on every measure.

  • @lookingoutpodcast

    @lookingoutpodcast

    8 ай бұрын

    When I lived in Amsterdam, any time I could get a shared i3, I would. I LOVE them. Now I'm back in Australia, they're wildly expensive (to insure, too) and aren't well suited to the majority of driving that I do here. It's a real shame, because as a piece of design, and as an object of a school of thought, they're wonderful cars. I love them (DS)

  • @inebium

    @inebium

    7 ай бұрын

    ​@@lookingoutpodcast can you extend on the "not well suited to the majority of driving that you do". I do 1000km trips with a skoda enyaq and it works great. Compared to ICE that adds something like 1h30mn extra and I used to do no breaks which most would do so I believe many wouldn't actually see the difference.

  • @stephenholmes1036

    @stephenholmes1036

    7 ай бұрын

    See what happens when they breakdown, try getting them repaired, They need a flat bed to move them, They are useless as a farm vehicle, no guts. Useless off road, useless towing livestock trailers, rich peoples urban cars. Ypu can keep them

  • @ChinaSongsCollection
    @ChinaSongsCollection7 ай бұрын

    At least 10% of *ALL* cars sold in the world were pure electric EVs in Q2 2023. This is not even counting plug in hybrids. And the current YOY growth rate of EVs globally is around 39%.

  • @remakeit2628
    @remakeit26287 ай бұрын

    Your LOYALTY chart at 3:50 is very accurate in that ONLY TESLA offers value for money. The real takeaway is that the other 5 luxury brands are being well and truly gazumped by a myriad of Chinese manufacturers that are yet to get their best products to western markets. I own a BYD Atto 3 and will never again even consider buying an ICEv as it's superior in almost every regard and literally costs me ZERO to drive (charge for free while I shop!). BYD's main challenger here, the MG4, just took out a car of the year award from Carsales despite it being somewhat "basic". I am hoping the Zeekr 007 gets to Australia as I like the idea of just occasionally going 0>60Mph in 2.8 seconds as I am a bit over my friends laggard bimmer M5 that takes half a second longer and costs almost $200k more.

  • @orthopraxis235
    @orthopraxis2358 ай бұрын

    ICE prices are artificially being increased to make EVs look good in comparison. Now that those cars are not selling, and the EVs are not selling, prices are dropping. People in the US are opting just to keep up older vehicles as legislation is being passed to repeal any EV mandate especially in California. The fantasy is over for EV mass adoption, and not too soon either. Your tone is that you are somehow thinking you should be apologetic that EVs are failing mass adoption because it isn't tenable. DONT! Just tell it like it is, they essentially suck in so many ways, and don't "feel for the manufacturers"...they brought this upon themselves by obeying the Green bullshit, and have nobody to blame but themselves, if decimating the vehicle industry (both ICE and EV) wasn't part of their overall plan to reduce freedom of transportation. Do not apologize for them. Hopefully the masses will win out via sheer economics.

  • @user-fb8jb5yi6g

    @user-fb8jb5yi6g

    8 ай бұрын

    Meanwhile the number one selling vehicle in all categories is an EV. Tesla model Y.

  • @orthopraxis235

    @orthopraxis235

    8 ай бұрын

    @@user-fb8jb5yi6g source? and over what timeframe? that sounds wrong, like you are looking at percentage of evs sold, not a raw number compared to other vehicles. Id be happy to view the data , please share your source. thanks.

  • @user-fb8jb5yi6g

    @user-fb8jb5yi6g

    8 ай бұрын

    @@orthopraxis235 Not at all. The number 1 selling vehicle in the world in ALL categories, EV or ICE, was the Tesla Model Y. That was in Q1 2023.

  • @orthopraxis235

    @orthopraxis235

    8 ай бұрын

    @@user-fb8jb5yi6g Well my article cited YEAR TO DATE numbers, as of october 2023, so , that being said, it looks like what you said could have been true in march, but since then, the decline in sales for tesla is enough to put it not even close. Again, at least I put up a source, neither of you cite any sources. Can you please post your sources? Even still that was Q1 2023, the more accurate data, the data I posted was year to date which is Q1 Q2 Q3 2023 inclusive.

  • @jamaicanboy342
    @jamaicanboy3428 ай бұрын

    These conversations are silly, have you try to replace an m5 engine out of warranty. Or an s class battery. Why are we still talking about cost of battery for car under warranty.

  • @banovsky

    @banovsky

    8 ай бұрын

    As others have realized, the warranty can mean your car is then tied up waiting for parts because there are no spare batteries…especially from the legacy manufacturers. As for the cars/parts you mention, of course it’s going to be expensive…

  • @jontallon73
    @jontallon738 ай бұрын

    We have always had sporty Volvos and Volkswagens, 9 months ago we sold our 2017 Golf 7 GTI for a Pro Performance id3. The Golf 8 didn't appeal and the id.3 has been superb. We currently have the id.3, an up! GTI and a classic Rover. I will not be buying another new ICE car, roll on id.2.

  • @stephenholmes1036
    @stephenholmes10367 ай бұрын

    You can keep them, useless on a farm, they are gutless. Cannot tow a livestock trailers 80 miles. Hopeless of road, need a flatbed if they have to be towed. Nothing for rural people ! Ok for cities , useless anywhere else!

  • @melaniezette886
    @melaniezette8868 ай бұрын

    We are in the early adopters time. I'm waiting. 10 years?

  • @rainersta7073
    @rainersta70736 ай бұрын

    It needs an obligate EV charge station with at least 4 plugs at every gasstation. And in Germany, charging prices got too high in 2023. EV's have still a lot of negative points....these have to be compensated by low charging price. Meanwhile you drive cheaper with a gasoil car...especially in Winter.

  • @atlaspath5803
    @atlaspath58036 ай бұрын

    8% profit per car as profit when sold. The battery needs to be replaceable like the NIO models. The battery is a consumable part like petrol is. The issue is cost to get a EV, cost to replace the battery packs, then infrastructure will occur because there is the volume of sales. Aptera is the solar car solution so there is no issues to get a EV in sunny parts of the world!

  • @rovert1284
    @rovert12848 ай бұрын

    Recently set out to buy here in Australia. Considered EV but none matched what I wanted - SUV awd. None were very comfortable, OK but not great. No spare tyres. Nearest service centre - 350k. Local Hyundai dealer for example does not service EVs. Looked at hybrids but many lose the spare wheel, and really not that much of an advantage when doing long distances. The advantage of better fuel economy has to be offset against the extra complexity of hybrids. After much test sitting/drives settled on a new ICE. I do think EV technology is in the early adoptees stage and the current EV technology will be obsoleted in 5-10 years. I do not consider EVs as great for the environment considering the manufacturing issues and current electricity generation. All the advantages are going to dissipate if they can't last 20years which many ICE vehicles do (average fleet age is around 12 years). My local dump is full of scrapped cars, I have grave doubts about the future economics of EV recycling considering how dangerous old batteries may get. Currently scrap metal dealers periodically collect the old cars, none too gently. Finally I do not want to have to manage my travels around recharging. Can't see the charging stations keeping up with the transition.

  • @lookingoutpodcast

    @lookingoutpodcast

    8 ай бұрын

    The context in which you're looking to buy an EV is so important. I used to live in Amsterdam and wouldn't think twice about buying an EV with a smaller range. Now I'm back home in Australia and frequently driving in the bush? It's a whole different question. This question of context is such important topic that's often missed in the debate. (DS)

  • @truhartwood3170
    @truhartwood31708 ай бұрын

    Correction: *Legacy* EV sales are crashing. Meanwhile, Tesla Model Y is the #1 top selling car (not just EV) in the world this year, stealing the title from the Carolla. Tesla just had to raise prices to manage demand for the new, updated Y and 3. People want EVs, just not overpriced EVs.

  • @orthopraxis235

    @orthopraxis235

    8 ай бұрын

    Where is your source that the model 3 is the top selling car? That is completely false.

  • @truhartwood3170

    @truhartwood3170

    8 ай бұрын

    @@orthopraxis235 That's because I didn't say that. Model Y is. Not Model 3.

  • @monkeyjim9398

    @monkeyjim9398

    8 ай бұрын

    LOL Nah thats rubbish EVs are dying and quick even insurance companies are NOT interested.

  • @truhartwood3170

    @truhartwood3170

    8 ай бұрын

    @@monkeyjim9398 have you looked at the numbers? EV sales aren't slowing, sales are still growing, the speed of growth is still accelerating. What's slowing is the rate of that acceleration. So picture being in you car with the accelerator mashed. You'll accelerate quickly to 40mph, then it will take you longer to get to 80mph, and it will take you quite a while to get to 120mph. You're accelerating the whole time, it's just that you're not accelerating as fast, but you're still making good progress toward the finish line (100% of new car sales being EVs). If you stopped accelerating at 80mph, you're still making good ground toward the finish line, just at a steady rate instead of accelerating. This isn't what's happening with EVs, they're still accelerating. People like you hear "the acceleration of EVs is slowing" and think that it's like a car that's just sitting there, not moving any closer to the finish line. As you can hopefully understand from the analogy, that's so totally wrong.

  • @dougm659

    @dougm659

    8 ай бұрын

    @@monkeyjim9398Lol….EV’s are not dying, complete rubbish, they are growing at an exponential rate. What is dying are the legacy auto makers like GM, Ford, VW etc who cannot make a decent EV!

  • @lachywocky
    @lachywocky8 ай бұрын

    most of the car enthusiast channels, commentators and influencers echo what you are saying, but I think that's the point... 90 percent of people out there are NOT car enthusiasts. they are buying an appliance and if it ticks all the boxes and is cool on some metric (so called gree ln credentials) it will sell. 90 percent of the people I know don't give a damn what a car sounds like let's face it 90 percent of cars out there sound like crap. I am a car enthusiast and those things interest me.however, the convenience of plugging in at home, driving silently with no smell. and instant zippy acceleration. I can't think of a person that would say no to that and prefer to change gears and fill up with petrol unless like I said, they are an actual petrol head. by the way, electric car sales haven't stalled they've just stopped accelerating as fast.but they are still accelerating. don't forget we're in the midst of a recession.

  • @rainersta7073
    @rainersta70736 ай бұрын

    It needs an obligate EV charge station with at least 4 plugs at every gasstation.

  • @AllInVehicleInspections
    @AllInVehicleInspections7 ай бұрын

    Manufacturers parking up excess used vehicles is not unusual, especially fleet/ contract vehicles. It would be worth saying that EV ultimately nothing special to most people, they get them from a-b, that's it, all the extras that you mention is irrelevant for most people, especially if they are 20-30 grand more.

  • @wolfgangpreier9160

    @wolfgangpreier9160

    7 ай бұрын

    30? Long time back I bought a VW Caddy for 17K. 20 years ago if I remember correctly. Teslas cost 45K and above. Here in good ole Europe.

  • @AllInVehicleInspections

    @AllInVehicleInspections

    7 ай бұрын

    @@wolfgangpreier9160 Should have specified it's the good ol' Aussie Dollar bucks. Tesla starts with a model 3 at just over $67,000 (we can only get 3 & Y) minus whatever rebate you get from each state. The cheapest small car is about $20,000 and family cars about $25-30,000. I guess that would make them twice the price and then many of the Tesla owners will tell you how you should also put solar on the roof, because you know, who hasn't got another $15,000 Aussie dollar bucks burning a hole in their back pocket.

  • @litvinenkoalexander5331
    @litvinenkoalexander53316 ай бұрын

    My Opel Zafira was made in 2005. Still working. I cannot imagine that tesla or any other ecar will serve during 20 years.

  • @GolLeeMe
    @GolLeeMe7 ай бұрын

    Doors will help keep you alive too. 😊. Great concept from Dacia, Callum Skye comes to mind as well. This is all good and it’s where I want EVs to be now, not in 10 years time. Opportunity missed by all, and now we awake.

  • @alanwardrop9575
    @alanwardrop95757 ай бұрын

    Li Mega looks somewhat like the Sono Sion, which definitely reimagined what a car is. The Sion included solar charging, v2l and charging other EV's in a family friendly package that had a large capacity (and could be used as a mini van). It could have taken cheap transportation and electrification to 3rd world areas that are completely off grid. Unfortunately the designers didn't understand first world economics. Potential investors were not attracted to a business model that sold the product as cheaply as possible, then made no money on servicing and repairs by providing manuals and parts for people to fix it themselves.

  • @jimdetry9420
    @jimdetry94207 ай бұрын

    The problem is anyone who believes EV sales are crashing. They're not. More EVs are sold every year. Some companies have problems (they can't write good software, they can't design good EV cars, they can't build EVs at a profit, they don't have access to a good charging network [yet-most of them will be able to use the Tesla network in a year or two], etc.) but the total number of EVs sold continues to increase. Your graphs of things like how many cars are sitting on dealer lots in the US omits Tesla because Tesla doesn't have delers but does sell the majority of EVs in the USA.

  • @bernardcharlesworth9860
    @bernardcharlesworth98608 ай бұрын

    EVs allow so much possibility in terms of design battery placement is variable and the three phase traction motors are so small that they don't impact passenger space

  • @theTESLAwizard
    @theTESLAwizard7 ай бұрын

    I love my wallet. Thats why I bought a Tesla Y in Canada. In 3 years I had to change the cabin filter at $54. I had to put on winter tires for Canada at $100 annually. No other costs. People here have travelled 200,000km in their Tesla S and tell me its as good as the day it came out of the showroom. Its a wonderful car safe best on ice roads of all cars and Tesla charge stations are everywhere. I watch "The Macmaster" belly ache about his Porsche Taycon or whatever it is. What a fool for buying a car that you can't charge anywhere. I will never buy an electric car that isn't a Tesla no matter how good it is reputed to be. I love my Y as do many others I talk to at the Tesla charge stations. Add to this running fuel costs equivalent to 135 mpg. Who could ask for anything more. My only complaint is that my wife loves the car so much that she has taken it over.

  • @kws1957

    @kws1957

    6 ай бұрын

    I trailed 387,000 km on my Audi 3 8L tdi. I bought it for 1,900 € of course I changed the timing belt with water pump (120€ for the set) changed also wheel ball bearings (100 € for 4 ball bearings), I recharge in less than 5 minutes and can easily drive about 1,000 miles with a full tank if I drive slowly…

  • @disgardens4340
    @disgardens43406 ай бұрын

    There are no affordable EVs in the US really. When we get an EV that will compare to my $22,000 Hyundai in range and quality I think things will change.

  • @marsmotion
    @marsmotion8 ай бұрын

    Alot of Americans are living in Bidenvilles. Their cars and vans are now home. Isn't the future grand, such freedom. We now live on the open road more and more ...sarc but also true

  • @ianmcleod8898
    @ianmcleod88986 ай бұрын

    I don't believe we are comparing apples with apples. The UK and Europe distance to travel don't come within a bee's whoop see compared the vast distances that Australia has. Unless you live on the borders of a given state in Australia you can travel 8 hrs plus before even get close to a border. So what can work in the UK and or Europe will not work here. As for a used car market to get folk in who cant afford the over the top price tag for new will never happen here in my opinion. What used car yard will give and honest condition of a used battery to a buyer who knows nothing about charging batteries. The dealer wont care if the first time you charge and the battery dies through either it was on its last legs or through just your inexperience of charging an ev. It would be better if you just throw your money into the street, at least that will help some one else in some way cause the electric car will not save the planet. We would be better to get houses off the grid but our governments wont do that because then the power companies will lose money. Wouldn't that be a shame?

  • @chasleask8533
    @chasleask85338 ай бұрын

    Get rid of the battery and we can talk .

  • @billnewkirk6875
    @billnewkirk68757 ай бұрын

    Hmm. Not much mention or attention to the elephant in the room - Tesla. I leased/bought my first EV in 2013. In 2018 I bought my first Tesla (Model 3). Tesla is the only company that addressed ALL the issues of EV adoption. No one else has. I would not be inclined to buy a non-Tesla EV, unless I just wanted a commuter car. Basically there are 2 types of EVs - Tesla, and EVerybody else. I've had EVerybody else and it's not pretty. I've had Tesla and it is impressive.

  • @james2450
    @james24508 ай бұрын

    Hi Drew and Joe, Thank you for one of the most intelligent, nuanced, and fascinating analyses of the EV market. Your programme about the Model 3 was fab as well. I think this is deeply interesting and informative, not just to 'car guys', but to the entire design community. I must say I'm a strong critic of Musk, though grudgingly I have to admit I'm kind of impressed by sheer resilience of Tesla in recent years in managing to scale production and bring EVs with an actual profit margin to market, where in contrast 'legacy' automakers have floundered and unwound a lot of fledgling ventures. Even when Tesla do things which are obviously poor for the driver experience, like the removal of indicator stalks from the Model 3 Highland and their replacement with capacitive buttons on wheel. The level of cost-cutting to make such design decisions must be ruthless. Though there's something darkly impressive about it too! I'm interested in what you think of Tesla design decisions like having a steering yoke in the Model S Plaid, and the whole aesthetics of the Cyber Truck. It seems like their particular (culty) following and Musk's public profile sometimes compel them to design for notoriety, rather than well functioning solutions that quietly enable. Almost like a click bait logic yet applied to industrial design! A subject I would love to see you broach is the state and evolution of automotive manufacture, and how manufacturing systems set the parameters for the vehicles themselves (use cases, price points, functional affordances, economies of scale). The mass manufacture of vehicles is still performed on linear assembly lines, using pressed metal bodywork, with relatively low levels of machine automation. It's an arrangement which I don't think would look so alien to Henry Ford himself. As a system it’s had a remarkable longevity. Even Tesla, which from what I can see primarily styles itself as a 'tech' rather than an 'automotive' company is still reliant on a tried and tested mass manufacturing formula. Although, credit where it's due, they have evolved 'gigacasting' technology to reduce the number of separate chassis on.ft.com/3FJUxrx. Some recent EV start ups have tried to reinvent the manufacturing formula and found it was far harder and more complex than they bargained for. Keep up the great work 🙏

  • @lookingoutpodcast

    @lookingoutpodcast

    8 ай бұрын

    Hi James! Wow, what a comment, and yes, we intend to talk about the state of manufacturing on a future episode and what it means for end users. I think answering questions about the various design decisions that Tesla has made depends heavily on how you read the intent of the organisation and, therefore, Musk. And it's a topic that can get super heated, super fast. But I think there is definitely a question to answer around novelty versus innovation and what lasts versus what titillates. We'll get to this in a future episode, too, I hope (DS)

  • @777Outrigger
    @777Outrigger7 ай бұрын

    We're only finished with first adopters who are willing to pay a premium price for an EV. There are far more people who will buy an EV, but who will not, or can't, pay a premium price. That's why Tesla has dropped their prices drastically, and since they're already at scale they're still making money. Tesla has already sopped up the first adopters, and legacy auto is in a trap. They couldn't even make money at the premium prices, now Tesla has cut prices on them. ... ....Coming soon is a $25,000 Tesla and then younger people will be able to afford a Tesla, and it'll be Katie bar the door. It's the younger generation that want EVs more than the older ossified generation. What's the result of Tesla's price cuts? Tesla's on track to sell 1,800,000 cars this year, up from 1,300,000 last year, and 900,000 in 2021. ... The next big wave of EV adoption will be from the $25,000 Tesla, and probably Chinese EVs as well. The Chinese are already looking to build a factory in Mexico to get around US tariffs.

  • @lib1007
    @lib10078 ай бұрын

    EV sales are not crashing, but legacy auto couldn't sell EVs. In US EV sales grow 50% and 8% of auto sales are EVs.

  • @MrBigbangbuzz

    @MrBigbangbuzz

    8 ай бұрын

    what happens when everyone owns a Tesla who can afford them has one

  • @inebium

    @inebium

    7 ай бұрын

    I agree, I don't really understand what's this talk about crashing EV sales. In Europe in October it was for example +20% for BEV compared to October 2022 with a market share of 15.6%. For the whole year it is +34% so far. And that's in the middle of a not so good economic situation.

  • @MrBigbangbuzz

    @MrBigbangbuzz

    7 ай бұрын

    @@inebium take out Tesla sales ..

  • @scheherazade0xf

    @scheherazade0xf

    7 ай бұрын

    ​​@@MrBigbangbuzzthats the point tho. ev sales overall are fine. non-tesla ev sales are bad. because teslas on average are cheaper, faster, go farther, and have a big fast charger network. people are conflating "non-tesla ev makers failing to compete with tesla" with "ev sales overall".

  • @777Outrigger

    @777Outrigger

    7 ай бұрын

    @@MrBigbangbuzz The Model 3 RWD is going for $39,000, and Tesla will have a $25,000 in the next couple of yrs. Then young people will be able to afford Teslas. Katie bar the door when that happens.

  • @johnslater5786
    @johnslater57868 ай бұрын

    Very interesting but the EV fan typifies why they are failing. Some people just drive as a means of transport. For many others passing your test is a right of passage. They love the noise, vibrations, feeling of power. In other words apart from the mad cost of ev's (people like to own, not rent things), desire is everything. There is no desire for ev's among the vast majority. Take the ford mustang for instance, the car was always rubbish but people desired it as an experience and event to drive. Now as a ev it is just rubbish.

  • @rongt859
    @rongt8597 ай бұрын

    All the extra money you spend on an EV is for the battery not the build quality . The Australian guy recons that there is no tax breaks for buying an EV , I beg to differ , sales only took off in 2022 here because of Novated leasing . They all ran out and got a Tesla instead of a Merc or an Audi . Ranger and Hi lux , anyone got an EV that can compete with that for the Australian Market that costs under$100,000 with a 800 km range . These cars are just mobile phones on wheels and we may as well spend all the money on a usable public transport system but that would send the car makers broke so thats why they are all for EVs and keeping peoples love affair with owning their own car

  • @robertimrie3710
    @robertimrie37108 ай бұрын

    KZread algorithm brought me here. I clicked and was pleasantly surprised. Huge fan of a less is more EV. I think Elon's plan to reduce car ownership and provide robotaxis is a huge leap at too many levels. Citroen Oli as a alternative is a great idea and spec, eC3 may be a quick and dirty version of Oli but it misses the fun and versatility appeal of the concept. Probably too "safe" just to enable bringing it to market quicker. I would like to see an electric 2CV for 2020s that deals with drudgery of M1 traffic jams, happily does beach or hinterland jaunts, can become a Bunnings friendly utility or at least can tow a garden trailer. A three tonne anything is just wasteful excess and buyers are too extreme a crowd to win over in the short term. Otherwise this discussion was well timed as its stoic week. Not attaching to stuff or accumulating for the sake if it is a path to contentment under stoicism.

  • @lookingoutpodcast

    @lookingoutpodcast

    8 ай бұрын

    So glad you stopped by and were rewarded for it. It makes us so happy to read comments like this! (DS)

  • @Neojhun
    @Neojhun8 ай бұрын

    LOL RAM REV 229kWh 31.92% battery cost will NOT EXIST! Stop using that expired data. It has been cancelled and changed to a 95kWh Plug In Hybrid. This is just insane Stellantis has no clue what they are doing.

  • @kimollivier
    @kimollivier8 ай бұрын

    You are both concentrating on legacy manufacturers views and not from a disruptive view. The disruptive side do not have these problems because they are starting from fresh. Your 'disadvantages' all have known paths to resolution. ICE cars had fuel supply problems once. Once the gas stations install chargers that will vanish. There will be a tipping point in perception that will surprise you both.

  • @lookingoutpodcast

    @lookingoutpodcast

    8 ай бұрын

    We're concentrating on those issues because they're the people who a) we work for and b) need the most help. We really do understand that there are many paths to resolution, but you'd be surprised at how difficult it is to communicate that message to legacy auto makers (which is one of the reasons we're here) (DS)

  • @vuedochild-wx4rh
    @vuedochild-wx4rh7 ай бұрын

    Chinese 'penetration' is I think irrelevant or considerate of the fact a large percentage of the population either does not or never will, own a car due to population density patterns and transportation systems. For example asian countries may entertain bicycle lanes on roads, yet in America, such things are useless as most people will not be victims of hit and run accidents with cars. The real agenda unfortunately behind the push to sell electric vehicles at this time is more likely tied to real estate, as mortgage payments include house insurance. Since lithium batteries are able to dissolve concrete if charging systems or safety fuses fail (fire) insurance companies may pass the buck by raising mortgage rates? People are not able to save as much, and voila, ninja real estate investors can flip cheap properties on a regular basis? I suspect this is the real muscle as insurance and banking have long and notorious political histories, at times not proven healthy. So lets say your electronic vehicle breaks down. Who will tow you? Especially after a fender bender? Not many, since if the vehicle catches fire on the highway and say burns down a bridge, that tow company may be liable for ems labor, cleanup, and rebuild, and containment. Next, how many of you land at air ports or go to convention centers where electronic vehicles can travel underneath runways and buildings? Expect travel bans eventually, I would not like to be landing at an airport with ev fire in progress. The solution is agm lead acid batteries, and a more realistic range of about 50 miles with climate control in the cab in extreme conditions. Provided ev manufacturers adopted a common standard of letting people recycle their batteries without going to a dealer for proprietary connections. A slide out tray(s) with series of small factor agm batteries may work, although making them safe as a pickup truck bed is necessary (battery cage crumple zones to start fiber glass fires, not necessary). That in a nutshell explains the politics and actual practical use of such cars, and the numbers are useless since only a small portion of the population would even use them (incomes). Driving by population density areas such as apartments tells anyone paying attention, they are not going to hang out hundreds of high amp charging cables into the streets, especially where wandering drug addicts are tolerated to loiter about.

  • @davidsoom1551
    @davidsoom15517 ай бұрын

    Worst purchase I ever made was my Tesla. EVs, run away and run fast!

  • @user-iq2yp1dn1q
    @user-iq2yp1dn1q8 ай бұрын

    EV adoption and evolution are closely tied to the modern housing situation, both are evolving at the same time, where there may be new use cases that enhance both. Already there is a blurring of distinction in those cases where people leverage the house's value of being a charging point for their vehicle. Future EV designs may be convertible into living spaces (such as private office space or den) to use while the car is parked and charging, making smaller more affordable houses become more practical choices. Housing and EVs could evolve together in mutually beneficial ways that would attract even more buyers wanting EVs.

  • @orthopraxis235

    @orthopraxis235

    8 ай бұрын

    Until the batteries burn spontaneously and uncontrollably. Are you stupid?

  • @allencrider
    @allencrider8 ай бұрын

    He had a BMW i3. 🤣

  • @dale_ch
    @dale_ch7 ай бұрын

    What .... B

  • @Go2Results
    @Go2Results7 ай бұрын

    I will never never never go back to old fashion low horse power stinky ICE car with shitload of maintanance. Loading your car up from your solar panels at home is like a money tree 🌲 in the garden. I am laughing to the people that have to take their wallet for buying petrol.. and EV will do at least 2/3 times more KM before end life. Cheers from a Dutch Polestar 2 driver ❤

  • @torsteneide4915
    @torsteneide49157 ай бұрын

    About your comments on what Toyota was announcing about their “new battery technology”. I am astounded every time I hear anybody repeating what Toyota claims to have just around the corner to revolutionize what will be possible using their new battery tech. Toyota has a very long history of making these types of announcements with absolutely zero evidence of actually possessing said tech that they are announcing. They then go into a cycle of perpetually kicking the development down the road a bit further with the message of just astray tuned it’s coming soon, again with zero detail about exactly what it is that they are working on over and above saying it’s new solid state battery technology. Every other credible battery company on the planet goes into quite detailed descriptions of the physics and chemistry of their own battery developments as by the time they are at the point of announcing anything the tech is of course patented. Toyota does none of this. They make claims that are backed up by no evidence whatsoever. They have done so for over a decade now. I’m not 100% sure if it’s just that because they are the biggest manufacturer in the world they must be telling the truth. I hear people quoting their claims all over KZread as if they have some sort of credibility when that is in fact entirely not the case. Toyota is putting out a complete fabricated and untrue narrative that is nothing more than vapourware and has done so for over a decade. They are telling bald faced lies. It’s pure fiction. I challenge you to produce any evidence that will prove me wrong. Other than that I really love the thoughtful and in depth thinking that is behind your channel and have subscribed. I look forward tho watching the three episodes I have not watched yet. Idea for a new episode: do an in depth investigation about Toyota and it’s Battery claims and expose them for their boldly dishonest narrative that they keep holding out there and expecting everybody to believe. I’m simply shocked when I hear anybody that repeats Toyotas lies like they had any credibility every time I hear somebody online today do that…. Have they not caught on to this obvious pattern of lies still after a decade of them doing so!? Second Toyota episode. Toyota is still claiming that there is a hydrogen future and has announced they will be producing a new hydrogen powered van. So far as I can tell the Hydrogen powered vehicle dream completely imploded in 2023. It is over. Finished. With a hydrogen powered train in Germany shit down. A hydrogen powered bus system in France shut down. Hydrogen filling stations in London, across the Netherland and even across California, all of them shut down. Why? Because it’s hugely expensive and complicated and there is literally no infrastructure. That game is over. Now I’m hearing rumblings from US auto manufacturers, that must be in desperation to find an alternative route to electrification (which they are all failing at in rather in a rather spectacular way). It’s complete nonsense and needs to be openly explored and ended once and for all. It simply won’t work. I think the most apt comparison for the current transition from ICE to BEV would be the moment when the smart phone appeared in the cell phone market (particularly the iPhone ) and how that moment shattered the entire ecosystem of the cellular phone business. This case being acutely relevant to me as I’m from Canada and this moment brought Nortel and BlackBerry, who at the time were titans in the cellular phone world, to their knees and ultimately erased them from any kind of relevance in the future cellular marketplace. This is the moment in time that the auto industry finds itself. The entire meaning of what a car is and what it can be used for in our lives is being reimagined completely. Those that didn’t get on board 100% 5 years ago are already doomed to failure. The manufacturing dead really. We are watching them go down with no real possibility of changing that ultimate outcome. There is no credible or realistic path forward at this point in time. Something that was publicly admitted by a senior Volkswagen official just this week passed. He has really just spoken the truth that they are finished. I believe this applies to all of the other legacy ICE manufacturers. End of story. Unfortunately the consequences of that are going to be global as well as more than a little bit severe. Perhaps an episode about the economic consequences to the global economy, would make for another episode, despite that being a rather unhappy thing to talk about. Perhaps this coming collapse of the legacy auto industry this will precipitate a robotaxi future where owning a car will be the exception rather than the rule, whether we like it or not.

  • @torsteneide4915

    @torsteneide4915

    7 ай бұрын

    Follow up comment to my comment. There is more evidence, by orders of magnitude, for the existence of Sasquatch or Alien life visiting earth, than there is for Toyota being in possession of any solid state battery feasible for use in an electric vehicle. Period.

  • @beastieboy3926
    @beastieboy39267 ай бұрын

    I have been following the EV story for some yrs now only coz I love cars. I have come to the conclusion that basically they are a rushed and politically motivated project that the average driver cannot afford and does not want.The upside is minimal ,and the downside is far greater and increasing as time passes.Used prices are poor coz there is little demand,and now insurance has become a major problem as well. So for me ,it`s a no thanks.

  • @davidhancock91
    @davidhancock916 ай бұрын

    EVs just don’t stack up In Australia , as shown by the sales figures. There seems to be a lot of Tesla’s on the road, so there are people drinking Elon’s Kool-aid. Telsa are very expensive and ordinary build quality, plus Elon exaggerating/ lying about his products, I would never buy one. The battery life thing is still up in the air, and outrageously expensive to replace. Count me out of the experiment.

  • @ronaldgarrison8478
    @ronaldgarrison84788 ай бұрын

    1:47 Oh, we love it when you talk dirty. Sorry, it's just a really slow Saturday night, and amusement must be taken where it can be found.

  • @lookingoutpodcast

    @lookingoutpodcast

    8 ай бұрын

    Ain't nothing wrong with talking about EV market penetration on a Saturday night (DS)

  • @RichieRouge206
    @RichieRouge2068 ай бұрын

    Unfortunately Drew - the EV owner? - is blissfully unaware of the downsides of EV ownership. Yes maybe there is less to service and fix but boy the costs of items when they do go wrong are far and away higher. Just look at the battery packs! Elecric charging may be cheaper in Sweden but it's certainly higher in the UK. He is still living in a bit of a bubble sadly. He really needs to watch MacMaster before buying that Taycan. And yes it may be all very well that a Tesla can Last 500k on the original battery (I find that highly unlikely personally) but the used car market does not want them.

  • @Neojhun

    @Neojhun

    8 ай бұрын

    BAHAH Using MacMaster as a source. The guy literally cut his teeth in the UK TABLOID news industry. He literally is a propagandist. "but it's certainly higher in the UK." Sure for Level 3 DC Fast charging, that is not the main method to charge an EV. That's like fueling you commuter car up only on 100 oct race gas. "Last 500k on the original battery (I find that highly unlikely personally)" stop with the insane lies. Early Teslas seem to commonly die out around 280K to 330K MILES! This is actually a horrible problem as a pattern is apparent of preventable failures at this mileage. Gah you spammed a bunch of falsehood because you use propaganda sources.

  • @Neojhun

    @Neojhun

    8 ай бұрын

    FYI 310,000 miles = 500,000km

  • @MadMax351
    @MadMax3517 ай бұрын

    Ev are great to drive but i'll never buy one.

  • @joebachmeier6747
    @joebachmeier67478 ай бұрын

    Lol. These guys are having a discussion mist people in the know were having 3 to 5 years ago. Lol

  • @BH195829
    @BH1958297 ай бұрын

    Tesla is immune…. And going GANGBUSTERS!…it’s all the legacy that are struggling. 😂😂😂🔥🌏

  • @garypowell1540
    @garypowell15408 ай бұрын

    Compare and contrast the digital watch and how that was supposed to destroy traditional watches and look how that turned out. People want traditional high-quality watch movements preferably ones that need winding up by hand. They want a car with an engine they don't so much care about what fuel it uses, but they want an ICE all the same and for good reason, and that is that they are better in every respect having been brought to the height of their efficiency and reliability. For EVs to become truly popular they have to be better in at least some categories the most important one being much cheaper to both run and buy. However, they fail in every single one without exception to a great or much greater degree. When was driving around at high speed inside a potential incendiary bomb going to prove popular with anyone not having acute masochistic and suicidal tendencies? Even mindless and soulless virtue signalers have a price that they are not prepared to pay to show off their green credentials to the world.

  • @monkeyjim9398

    @monkeyjim9398

    8 ай бұрын

    Good post you hit the nail on the head.. WHO but a twatt wants a Car with touch screens and digital crap apart from having to keep charging all the time. fools who swallowed the usual Govt lies as usual.. Me i want a proper engine a 2 minute fill up when i fancy, good dials and a manual heater thanks.. Blow what others think a proper car will always stay tops.

  • @surferdude4487

    @surferdude4487

    8 ай бұрын

    You do understand that every ICE vehicle comes equipped with an incidiary bomb as a rrequired component, right?

  • @DUCKSAREEVILLLLLLLL
    @DUCKSAREEVILLLLLLLL5 ай бұрын

    If you're buying a Tesla, Audi, BMW, or MB, you're not buying any of these cars for economics. If you really wanted to save money or even the environment, you'd buy a used car with low miles. Stop kidding yourself.

  • @peterwilson2621
    @peterwilson26217 ай бұрын

    The electric gird will never supply enough power to charge every car in the UK. Plus run industry and homes plus wind power won't doo it

  • @geoffersvoiceofreason2534

    @geoffersvoiceofreason2534

    7 ай бұрын

    WHy, are all EV owners going to all charge at exactly the same time?

  • @Neojhun
    @Neojhun8 ай бұрын

    Beyond just big specification materialism. EVs have the problem of Low Range being a major criticism and a real problem a decade ago. Now that BEVs very much do get plentiful range and Automakers are still pushing the limit. We have passed the point where BEVs have comfortable range to excessive consumption just to shut down the Nay Sayers. "grrr My Gas Car gets 400 miles on a tank, EVs are useless because you can't go anywhere". Will forever be a common misinformation if these overkill BEVs never exist. We got pushed into this problem because the misinformation people believe made it that way.

  • @petergersbach7355
    @petergersbach73558 ай бұрын

    Tesla sales are not crashing. They did it properly in the first place. Everyone else is putting an electric motor in a petrol car.

  • @aomurdock
    @aomurdock7 ай бұрын

    OEMs have to realize like Tesla has that EVs should be computers propelled by wheels, not a computer riding on wheels!

  • @boulderghost4457
    @boulderghost44577 ай бұрын

    Why all the pointless nuance. Just say it, Tesla is growing sales all over the world 35% plus annually. The best selling car internationally is the model y. Legacy Auto can’t build and sell compelling EVs and ICE vehicle sales are collapsing. I give most legacy auto companies 3-5 years before they go bankrupt.

  • @AAa-qd8hb
    @AAa-qd8hb8 ай бұрын

    EVs are junk.

  • @ittekimasu2441
    @ittekimasu24417 ай бұрын

    You're talking about the ev industry outside of Tesla. There IS NO COMPELLING EV besides Tesla, bro. You're rendering yourselfs irrelevant in order to spin the narrative of declining demand for EVs.

  • @johnrgoodman
    @johnrgoodman7 ай бұрын

    With regard to you saying there less to go wrong in an eV I don't think that is correct. All the extra tech etc