The Shocking Truth About EV Depreciation

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[Baambam]

IF we go full EV, the government will tax us per mile we drive. Several articles are out there on this.

[gesarge]

The EV cars deprecate more than an ICE vehicle and EV car insurance is three times more than an ICE car because they are more expensive to repair or usually totaled by the insurance company because of costs to repair!

[NRRenggli]

I never care about depression! Part of the environmental calculation of buying a new EV is how many you go through in your lifetime and the resources used in making new cars. This calculation is why I always plan on keeping a vehicle until it is run into the ground! 😁

[jim]

No I don't think about depreciation at all. I am the original owner of a 1997 Honda Del Sol SI. It has 217, 000 run great, looks great, and is great. I have not had a car payment since 1999. It is a remarkable car. with double wishbone suspension, front and rear sway bar, multipoint fuel injection, and a five-speed manual transmission the car handles beautifully. My 1600cc Sohc Vtec
can cruise at 100 miles per hour. Mileage is 30 mpg in town and 35 mpg highway using any 87 octane fuel with 9.6 to 1 compression. This is a my only car it is used and loved.

[lorenzell]

If depreciation is high, there are two causes. One, that they are not a desirable used car to purchase, or their cost of operation is unexpectedly high. Either way, it's a sure sign that their popularity will decline, and sales of new EV will drop sugnificantly.

[mikeandhev]

The self defeating nature of EV vehicles is obvious - except to those purchase them.

[icedriver]

60 percent of the power in the USA comes from Fossil Fuels (Primarily Natural Gas). About 18 percent of the power comes from Nuclear power. The remaining 20 something percent is based on renewables. When your power grid is primarily based on Fossil Fuels and still can't keep up with the power demands in some places there is no reasonable reason to believe that it could support a large number of EV's on top of its current energy requirements.

[andyr]

I will not buy any EV until the battery technology has improved dramatically. Current Li-Ion cells take too long to recharge and are extremely dangerous as they have been the reason of many fires we see today. If you slightly collide an EV, you can not trust that the batteries are safe anymore, and the car will depreciate even more! Nobody in their right mind would like to buy an EV that has been involved in a minor collision. Even if the battery technology gets much better without being dangerous, imagine the price of electricity if everybody had to replace their combustion vehicles with EVs. The electric grid would not be able to tackle the electricity consumption. People without any EVs would also have to pay an astronomical electric bill. EVs are also a waste of energy. Much of the energy stored in the heavy batteries are used to carry their own weight. In its current form, EVs are definitely not sustainable. New forms of energy must be developed for vehicles.

[jtkrpm]

Took a 10k loss trading in my model 3. It was 3 months old

[jameswirth]

Higher depreciation negatively impacts new car sales.

[terryfrit]

I can't stand buying a normal vehicle battery so I sure don't want to spend thousands for car batteries.

[zooker]

Never buy a EV from a company that makes there sales representatives where a mask at an auto show.

[jorgerobles]

This video about C & D study is based on 3-5 year old data. Any EV is able to maintain BETTER Depreciation records than ANY ICE car due to it being more reliable and with less ownership expenses. And energy costs talked here are old stuff, right noe electricity is way lower than what is quoted here, and most EVs charge at home during night when the electric fares are lowest, and that is a FAXT from the US Department of Energy. And there are several things that have to be mentioned. First, Tesla is the GOLD STANDARD of EVs. Second, There is not a single production ICE car that can perform as good as any regular Tesla, and even less, to a Tesla S Plaid. 3rd- ANY EV has less yearly maintenance, repair, and replacement expenses than ANY ICE car. I have a 2014 Tesla P85D (P=Performance, 85KWh battery and Dual motor- AWD), and it has more than 210.000 miles on it, and I have never done oil changes, tune ups, coolant service, brake service only once at about 165.000 miles, and 4 tire changes since new, and the battery is at 83% of its original capacity. Which ICE engine can boast such type of functionality and savings? NONE. It has the H-2 hardware, and it is able to receive OTA updates, so it is current to other models. Charging have never been an issue, I have solar panels at home with a Tesla Powerwall that energizes my whole house cheaper than using energy from the grid, and I am able to use the Tesla NACS charging system when on long distance trips with no problem at all. 4th- Teslas are the SAFEST CARS in the market, period.

Not all EVs are the same, they lack the efficiency, safety, performance, reliability, range, ease of use and convenience of a Tesla, that is why many of them have re-sale values lower than anything else. But that is a Legacy OEM problem they have- they are investing on dated ICE technology that is junk compared to a very well designed and built EV, and think that to make an EV car is just switching the ICE engine for an electric motor and battery and that's it- they are WRONG- that is why their EVs are so bad and have a low re-sale value. And its their fault coz Tesla has put into the Public Domain its Patent Portfolio for others to see what and how they are producing their Tesla models. What I know is that I will never go back to drive and being a slave of ANY JUNK ICE cars again!!!! And I am just waiting for the delivery of my Cybertruck, perhaps the most advanced, reliable, best performance, safest and powerful EV ever. It can even beat Porsche, Ferrari, Ford F-150/250/350, Bugatti and anything else on the So for sound advice, about EVs, I will look elsewhere, this video is FUD.

[LukeOth]

9, 300 miles Tesla S Plaid 2021 sold for 70k on cars and bids yesterday

[PastTime]

I watched a video of a government meeting where someone in Florida asked what they're supposed to do when a hurricane is coming and they have to leave with gridlocked highways. How would those people charge their vehicles with so many looking for a charger? The government person said to hitch hike a ride on a gas powered car. The other thing one would need is a good EV shop. I just watched of video of a shop in California that takes EVs apart and fixes the batteries and motors. It's not cheap, but it can be done. Until private EV shops become main stream, I would not buy one, because the dealer will always say you need a new battery pack, when the problem is a few cells.

[brianpreval]

oh no their not - dealers can't shift them!

[mynameis]

Besides depression, if the owner of EV clashes the car. Hard enough to break the batteries. These batteries will burst into flames and burn everything down into ashes. The passengers only manage to escape if they can open the doors without any problems. But sometimes, they can't.

Insanely high voltage from the batteries ranging from 400V to 800V will most likely to electrocute all passengers onboard during collision.

[davidmwood]

In my 60 years of driving; I have only ever bought 2 new cars; a 1973 Ford Capri 3000E and a 2018 Toyota C-HR. In both cases I kept the car for 3 years. Both cars suffered some depreciation in that time of course, averaging around 31%. The Capri today would be worth 15 times its new price and the Toyota would still be worth its 2021 value.
Habitually, I have always bought used cars, mainly classics, simply because they never depreciate, instead becoming more valuable, so it makes financial sense.
Tesearch shows that EVs are an environmental disaster! Due to their appalling residual collapse, restricted range and general inconvenience; it is impossible for any EV to achieve either carbon or environmental neutrality, EVER!
In my opinion, EVs represent the perfect example of an insane concept, disastrously applied, with no redeeming qualities whatsoever. They are, I believe, nothing more than an exercise in restrictive control. A true representation of the application of worldwide tyranny!

[carlsmith]

With fully fueling once a month, (once a month) and taking me 3 to 5 minutes and not 20 minutes or 20 hours and a range of 570 miles, I'll keep my jaguar XJl. At 41 thousand dollars it's paid off and i dont have to contend with all the complexities of all that computer crap. Quiet, smooth and a full size luxury automobile which tesla dosent even make, i enjoy the drive and a car payment free life. Sometimes it better to leave well enough alone....

[aardvaark]

Does this depreciation data include the fact that Tesla has falsified its range limits, messed deliberately with software to mislead owners, and refused to put the software issues right when reported by owners.