Liberal Forum

Used electric vehicles are depreciating 10 times faster than their gas-powered counterparts, according to a new study from iSeeCars.com. The average price of a used electric vehicle plummeted 31.8% over the last 12 months, compared with a 3.6% decline overall...

https://spectrumnews1.com/ca/la-west/tr ... wered-cars

apparently there's bargains to be had....  

I'll convert my internal combustion engines to pure corn whiskey before I submit to the EV system that is many years away from being ready to force upon  the Goyim masses.
 

 

ROG62 » 27 Apr 2024, 11:08 pm » wrote: ↑

27 Apr 2024, 11:08 pm

Used electric vehicles are depreciating 10 times faster than their gas-powered counterparts, according to a new study from iSeeCars.com. The average price of a used electric vehicle plummeted 31.8% over the last 12 months, compared with a 3.6% decline overall...

https://spectrumnews1.com/ca/la-west/tr ... wered-cars

apparently there's bargains to be had....

Few surprises there - the value of second-hand EVs are lurching towards their innate value.. which is nothing.

At the point of second-hand resale, the first question out of the buyer's mouth will soon become, 'When was the battery replaced?' This will always be the first question because the cost of replacing the battery is as much as the EV is actually worth with a replacement battery. So without a recently replaced battery, the EV has no value - in a very real sense. The batteries have a very finite guaranteed life, which depreciates rapidly with fast-charging. Also, any accidents the EV might have been in, no matter how minor, could seriously erode the life-span. So, from the buyer's perspective, new batteries are a natural and reasonable demand

However, the answer to that question will always be, 'it hasn't been replaced'. This will always be the answer, as replacing the battery would strip the seller of the resale value he/she would otherwise get from selling the car, so they'd have been better off scrapping it than going through the hassle of replacing the battery. So from the seller's perspective, replacing the battery is a wholly unreasonable demand which can't possibly be met

So second-hand buyers can't afford EVs, as they can't afford a replacement battery on top of the cost of a second-hand vehicle. The first-hand buyers can't afford EVs either, as they can't afford to replace the battery before resale, as it leaves them with no financial return. Without that return on the resale, they haven't got the money to buy another new EV. They could only afford the one they've got by using the resale value of their ICE vehicles

The rationalisation of the dynamic, down to a zero-sum, takes time - but the outcome is close to inevitable; EVs are the vehicular equivalent of an iPhone but 100x more expensive. They're not a replacement for internal combustion vehicles as only the very wealthy can afford the costs of buying them new, and throwing them away a small number of years later. The second-hand market only still exists at this point, because this hasn't finished working itself through yet

 

JustinSane » 28 Apr 2024, 2:39 am » wrote: ↑

28 Apr 2024, 2:39 am

Few surprises there - the value of second-hand EVs are lurching towards their innate value.. which is nothing.

At the point of second-hand resale, the first question out of the buyer's mouth will soon become, 'When was the battery replaced?' This will always be the first question because the cost of replacing the battery is as much as the EV is actually worth with a replacement battery. So without a recently replaced battery, the EV has no value - in a very real sense. The batteries have a very finite guaranteed life, which depreciates rapidly with fast-charging. Also, any accidents the EV might have been in, no matter how minor, could seriously erode the life-span. So, from the buyer's perspective, new batteries are a natural and reasonable demand

However, the answer to that question will always be, 'it hasn't been replaced'. This will always be the answer, as replacing the battery would strip the seller of the resale value he/she would otherwise get from selling the car, so they'd have been better off scrapping it than going through the hassle of replacing the battery. So from the seller's perspective, replacing the battery is a wholly unreasonable demand which can't possibly be met

So second-hand buyers can't afford EVs, as they can't afford a replacement battery on top of the cost of a second-hand vehicle. The first-hand buyers can't afford EVs either, as they can't afford to replace the battery before resale, as it leaves them with no financial return. Without that return on the resale, they haven't got the money to buy another new EV. They could only afford the one they've got by using the resale value of their ICE vehicles

The rationalisation of the dynamic, down to a zero-sum, takes time - but the outcome is close to inevitable; EVs are the vehicular equivalent of an iPhone but 100x more expensive. They're not a replacement for internal combustion vehicles as only the very wealthy can afford the costs of buying them new, and throwing them away a small number of years later. The second-hand market only still exists at this point, because this hasn't finished working itself through yet

Great post...Here's an older story, but it cuts to the heart of what you're saying...

https://www.foxbusiness.com/technology/ ... e=facebook


 

ROG62 » 28 Apr 2024, 5:56 am » wrote: ↑

28 Apr 2024, 5:56 am

Great post...Here's an older story, but it cuts to the heart of what you're saying...

https://www.foxbusiness.com/technology/ ... e=facebook

Good grief. People are still maintaining ICE cars from 100 years ago - and relatively easily from 30 or 40 years ago. EV's have only just hit town, and you can't get the batteries anymore because they're obsolete?

The whole thing is an absolute joke. Reports of people not having the right app on their smartphone (what do you do if you have no smartphone?... or a signal?..), or the incorrect charging adaptor in order to charge their EVs. I don't need any of this **** to put petrol in my car. I can do it in any petrol station, anywhere on planet Earth. The fitments were made universal for a good reason.

Not only is the technology innately an appalling replacement for ICE vehicles - on top of that, the tech has apparently also been implemented by **** imbeciles.
 

ROG62 » 27 Apr 2024, 11:08 pm » wrote: ↑

27 Apr 2024, 11:08 pm

Used electric vehicles are depreciating 10 times faster than their gas-powered counterparts, according to a new study from iSeeCars.com. The average price of a used electric vehicle plummeted 31.8% over the last 12 months, compared with a 3.6% decline overall...

https://spectrumnews1.com/ca/la-west/tr ... wered-cars

apparently there's bargains to be had....

This adds insult to injury ....

Ever since March 16, when US presidential candidate Donald Trump created a controversy by predicting Joe Biden’s efforts to force Americans to convert their lives to electric vehicle (EV) lifestyles would end in a “bloodbath” for the US auto industry, the industry’s own disastrous results have consistently proven him accurate.The latest example came this week when Ford Motor Company reported that it had somehow managed to lose $132,000 per unit sold during Q1 2024 in its Model e EV division. The disastrous first quarter results follow the equally disastrous results for 2023, when the company said it lost $4.7 billion in Model e for the full 12-month period.While the company has remained profitable overall thanks to strong demand for its legacy internal combustion SUV, pickup, and heavy vehicle models, the string of major losses in its EV line led the company to announce a shift in strategic vision in early April. Ford CEO Jim Farley said then that the company would delay the introduction of additional planned all-electric models and scale back production of current models like the F-150 Lightning pickup while refocusing efforts on introducing new hybrid models across its business line.

 https://blackmon.substack.com/p/the-ev- ... dium=email
 

Majik » 28 Apr 2024, 9:27 am » wrote: ↑

28 Apr 2024, 9:27 am

This adds insult to injury ....

Ever since March 16, when US presidential candidate Donald Trump created a controversy by predicting Joe Biden’s efforts to force Americans to convert their lives to electric vehicle (EV) lifestyles would end in a “bloodbath” for the US auto industry, the industry’s own disastrous results have consistently proven him accurate.The latest example came this week when Ford Motor Company reported that it had somehow managed to lose $132,000 per unit sold during Q1 2024 in its Model e EV division. The disastrous first quarter results follow the equally disastrous results for 2023, when the company said it lost $4.7 billion in Model e for the full 12-month period.While the company has remained profitable overall thanks to strong demand for its legacy internal combustion SUV, pickup, and heavy vehicle models, the string of major losses in its EV line led the company to announce a shift in strategic vision in early April. Ford CEO Jim Farley said then that the company would delay the introduction of additional planned all-electric models and scale back production of current models like the F-150 Lightning pickup while refocusing efforts on introducing new hybrid models across its business line.

 https://blackmon.substack.com/p/the-ev- ... dium=email

Oh yeah, maineman and the other libtards jumped all over the "bloodbath" taken out of context quote...



 
 
 

JustinSane » 28 Apr 2024, 8:51 am » wrote: ↑

28 Apr 2024, 8:51 am

Good grief. People are still maintaining ICE cars from 100 years ago - and relatively easily from 30 or 40 years ago. EV's have only just hit town, and you can't get the batteries anymore because they're obsolete?

The whole thing is an absolute joke. Reports of people not having the right app on their smartphone (what do you do if you have no smartphone?... or a signal?..), or the incorrect charging adaptor in order to charge their EVs. I don't need any of this **** to put petrol in my car. I can do it in any petrol station, anywhere on planet Earth. The fitments were made universal for a good reason.

Not only is the technology innately an appalling replacement for ICE vehicles - on top of that, the tech has apparently also been implemented by **** imbeciles.

In the metro area near me, thieves are stealing the copper wire out of the street lights causing hundreds of thousands in damage repair...

as the cities make it harder for the thieves to steal, the thieves have turned to the EV charging stations, cutting the charging leads...

safer as they're non-energized and denser as the cables harbor a lot more copper...a no brainer AFAIC...
 

ROG62 » 28 Apr 2024, 6:11 pm » wrote: ↑

28 Apr 2024, 6:11 pm

Oh yeah, maineman and the other libtards jumped all over the "bloodbath" taken out of context quote...

I remember. After they were proven wrong about their interpretation, the dumbasses still tried to justify their tantrums over it anyway. 

TDS is real.