Here's Why Electric Cars Prices Are Set To Fall

It's not just EV's that are too expensive, it's the whole car market in general.

In Australia the courts ruled that EV's cannot be advertised as zero emissions because it is a flat out lie.

It’s not just electric, petrol and diesel cars are too expensive to buy new! Too many manufacturers have adopted the “low volume, high margin” strategy

Problem about EV depreciation is not the factual battery degradation over 5-10 years, it is the belief that batteries have a very short lifetime and degrade quickly. It will take time to fix up this belief with facts. We first need transparency on the battery health when buying a used EV. It needs to be testable and consultable in the OS of the car.

“And that Jag is still covered by their manufacturer’s warranty” - that’s reassuring said no one, ever !

Am I the only person who doesn't care about their vehicle's depreciation? I drive my vehicle until the wheels fall off. Then I fix it up and drive it for a few more years.

Prices have been crashing for more than a year. Picked up a Mercedes EQC pre reg for just 43k. 15 months ago 79k. Same for all of the other desirable marques. Only issue now if that if you do not have a home charger it makes no sense as public charging is mor expensive than petrol

They're that cheap second hand because no-one wants them. Simple. Those examples have sat there for months and the price keeps tumbling because they can't sell them.

Depreciation quicker than their 0-60 times

ZEV Mandate does not say 22% of a manufacturers range has to be EV this year, it's 22% of their SALES

What this video doesn’t capture is how many people (like myself) have had an EV and decided it was too much hassle and gone back to a petrol or diesel.

Now, if only they could fix the shitty charging infrastructure..

Ive watched hundreds of videos featuring EVs... and almost ALL of them come to the same conclusion....the cars are great, the charging network is utterly horrendous. Chargers not working, chargers not accepting payment methods or certain cards, chargers running painfully slow, chargers slots all full and people having to wait up to an hour just to get on one if they're lucky... And as for the 'i charge at home' squad....good for you. I saw a video only last week that stated only 22% of British car users have access to driveway parking. And not everyone has the luxury of waiting over an hour just to 'fill up'. The cars are good (not great), but the infrastructure just doesn't exist. And nobody seems to be doing anything about that.

Sounds good. I will wait until after the prices have nose dived. I will also wait until they can be fixed at reasonable cost by the standard garages; don't cost a bomb on insurance and there is fast charging available everywhere.

No mention of insurance and repair costs.

Car makers are about to hit a perfect storm, Main dealers do not want to take in second hand EVs as part exchange, reason they do not want them on the lot, they have to sell new EVs or face fines of £15,000 per car they miss the target, so by November/ December they will be discounting new EVs to reach the target, the more they discount the faster second hand prices will fall. Next year will be even worse because they have to sell more EVs than this year. It is a downward spiral how do you stop it when its all in free fall. Even Motability is pushing EVs ,the deposit on a Toyota Corolla touring has Doubled in 2 years now over £1200 (cost new car just over £30,000) The Toyota B4ZX (cost over £42,000 ) you can have for £174.

Who wants to be stranded with their family in an EV when they can't charge it? I want a zero emissions mandate on all govt officials, employees and agencies. Problem solved.

I saw a BMW IX, 73 plate with hardly any miles reduced from £73k to £55k 😮😮😮......Unfortunately I haven't got £55k 😅😅😅.

Was good to see you on The Apprentice.

I have just purchased a 10 month old VW ID5 with only 7k miles on the clock.. The purchase price was 40% below the original cost of just over 50k. It came with a 7 year battery warranty or 100k miles. So I think the prices are already starting to go down. My previous EV was a MK 1 Leaf and was 11 years old and still had an 90% charge when I sold it. I must admit, it only ever had 1 Chademo charge. It was always charged at home on a 7kw wall charger.