The Japs have lost Chinks now rule the world!

[Leongsam]

 

[winners]

If EVs do take off eventually, I foresee China is going to dominate the world. Of course, tariffs and import controls will deter China to some extent but unless the West and the Japs can make an equally cheap and reliant EV as China's, be prepared for more Tiong EVs everywhere eventually.

Forget about FSD because the majority won't utilize nor want to depend on it for fear of their own safety concern. Besides, if FSD were to take over completely, where's the fun of driving then? Might as well call Grab.

 

[eatshitndie]

If EVs do take off eventually, I foresee China is going to dominate the world. Of course, tariffs and import controls will deter China to some extent but unless the West and the Japs can make an equally cheap and reliant EV as China's, be prepared for more Tiong EVs everywhere eventually.

Forget about FSD because the majority won't utilize nor want to depend on it for fear of their own safety concern. Besides, if FSD were to take over completely, where's the fun of driving then? Might as well call Grab.

tiongs will cum out with their version of fsd: free sex drive (or while driving).

 

[bigozt]

One belt and road to rule them all and in the darkness bind them.

 

[Leongsam]

Forget about FSD because the majority won't utilize nor want to depend on it for fear of their own safety concern.

Valid comment and you're entitled to your opinion but let's revisit this in a year's time. Bookmarked for later reference.

The internet never forgets.

 

[syed putra]

I've said this all along.people with best women will eventually dominate others.

 

[syed putra]

Forget about FSD because the majority won't utilize nor want to depend on it for fear of their own safety concern. Besides, if FSD were to take over completely, where's the fun of driving then? Might as well call Grab.

This may negate the need for a car. It will be like a commuter service. You walk down and at every corner of a block lies FSD taxis just waiting. No need to call. No need to buy a car. Just WhatsApp the destination and away you go

 

[Hypocrite-The]

Ev sales in kangaroo land has stalled n there are Ev incentives in kangaroo land. Tariffs etc r minimal as compared to Yankee n Europe lands. Toyota RAV4 4 lumpar 1 selling car ...so how can Nip cars be in the way out? In SEA apart from singkiesland which has an EV mandate...so how can Nip cars be out? In other SEA etc...charging infrastructure etc are in place to support EVs?

 

[Hypocrite-The]

 

[syed putra]

Look at this Chinese guy dancing

 

[Leongsam]

Ev sales in kangaroo land has stalled n there are Ev incentives in kangaroo land. Tariffs etc r minimal as compared to Yankee n Europe lands. Toyota RAV4 4 lumpar 1 selling car ...so how can Nip cars be in the way out? In SEA apart from singkiesland which has an EV mandate...so how can Nip cars be out? In other SEA etc...charging infrastructure etc are in place to support EVs?

What do you mean by "stalled"?

 

[Eisenhut]

If EVs do take off eventually, I foresee China is going to dominate the world. Of course, tariffs and import controls will deter China to some extent but unless the West and the Japs can make an equally cheap and reliant EV as China's, be prepared for more Tiong EVs everywhere eventually.

Forget about FSD because the majority won't utilize nor want to depend on it for fear of their own safety concern. Besides, if FSD were to take over completely, where's the fun of driving then? Might as well call Grab.

I see you still at "If EV do take off" denial stage.

It has already taken off 2 yrs ago. Biggest EV market going 100% EV, Scandinavia , Australia, large part of South east asia like Indonesia following suit.

Its a mega trend that cannot be reverse. Once u invest to build charging stations, its done. The trend is fixed

 

[winners]

I see you still at "If EV do take off" denial stage.

It has already taken off 2 yrs ago. Biggest EV market going 100% EV, Scandinavia , Australia, large part of South east asia like Indonesia following suit.

Its a mega trend that cannot be reverse. Once u invest to build charging stations, its done. The trend is fixed

Don't forget that Trump is not an advocate of green energy, but he's more favorable to fossil fuels.

Apart from China, which has indirectly forced its population to switch to EVs (as the few major manufacturers are heavily incentivized with government subsidies and they are now even unrealistically imposing OBDII fault failures for ICE vehicles and thereafter getting rid of these vehicles off the roads after 5 failed attempts, which is ridiculous because even new ICE cars will have much difficulty to comply with their passing requirement), most other countries' EVs population are mere percentage compared to ICE vehicles. Another exception is Norway, which again is artificially induced due to their government's excessive rebates.

In addition, those who had bought many of those smaller Chinese brands (both in China and abroad) will soon have to curse themselves because these brands are folding up rapidly. Out of the approximately 40 EV brands currently in China, many are predicting that only about less than 10 major brands will be left eventually within the next 2 to 3 years.

If you say that the EV charging infrastructures are fast increasing, you must compare this against the conventional fossil fuel (petrol and diesel) gas stations. EV charging stations are again incomparable to the vast amount of conventional gas stations worldwide. If they really want to be successful, each present gas station should be made mandatory to have an equivalent EV charging point vis-a-vis their gas dispensing point, but this is impossible due to lack of available space and infrastructure.

I've just been to Vietnam and their Vinfast is drastically failing abroad. They could still thrive in Vietnam because of their large scale charging networks, which can only be used for their own vehicles. Other brands are out of bounds. Furthermore, Vinfast has a nationwide taxi company and it uses, as expected, only its own fleet of Vinfast EVs and nothing else. Otherwise, how is Vinfast still in existence today?

Don't forget that those major European and American brands are heavily scaling back their EV productions and those Japanese manufacturers have all along been sceptical on pure EVs. Their preference is still with the HEVs instead. Did they see something which you don't see?

 

[worcer]

If EVs do take off eventually, I foresee China is going to dominate the world. Of course, tariffs and import controls will deter China to some extent but unless the West and the Japs can make an equally cheap and reliant EV as China's, be prepared for more Tiong EVs everywhere eventually.

Forget about FSD because the majority won't utilize nor want to depend on it for fear of their own safety concern. Besides, if FSD were to take over completely, where's the fun of driving then? Might as well call Grab.

its like saying if DVD take off, china will become very rich....

 

[winners]

its like saying if DVD take off, china will become very rich....

This video should explain half the story:

 

[Devil Within]

CCP EV will all go bankrupt. They are losing money for every EV they sell. See who is the last one standing.

 

[Hypocrite-The]

What do you mean by "stalled"?

Less EVs are being sold...

Battery-powered electric vehicle sales plunge by 25% as Australian drivers choose hybrid models
A hybrid logo on a car
Quarterly vehicle sales data reveals EV sales declined by 25% in the three months to 30 September while hybrid sales jumped by 3.3%. Photograph: gyro/Getty Images/iStockphoto
This article is more than 1 month old
Australian Automobile Association analysis notes hybrids are exempt from fringe benefits tax until 1 April 2025

Battery-powered electric vehicle sales fell sharply last quarter and may have temporarily peaked as consumers turn to hybrid models that attract tax concessions, according to new analysis.

Quarterly vehicle sales data released by the Australian Automobile Association on Monday reveals petrol-powered cars continued to decline in popularity, with sales falling by 9.16% in the three months to 30 September.

During this same period, electric vehicle sales declined by 25% from 25,353 to 18,990, with market share falling from 8.10% to 6.57% – the lowest since 2022.

According to the AAA, hybrid sales increased from 46,727 to 48,282 – a 3.3% jump to a total 16.70% market share. While plug-in hybrids – which have a battery that can be charged externally to limit reliance on petrol – increased by 56%, taking the market share to 2.5%.

“There have been significant quarterly fluctuations over the past seven quarters, but sales figures over that period confirm a clear trend of growth for hybrids, while battery electric vehicle market share appears to have peaked for now,” the AAA analysis said.

“In the first half of 2023, battery electric vehicles outsold hybrids, but since then hybrids have outsold battery electric vehicles in five consecutive quarters.

The officer is squatting to look at charred wreckage
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“Hybrids are now outselling battery electric vehicles even in the ACT, which has long been Australia’s strongest market.”

The analysis noted plug-in hybrids were exempt from fringe benefits tax until 1 April 2025, which could save consumers thousands of dollars on new cars under a novated lease.

“Many jurisdictions still offer stamp duty and registration discounts for battery electric vehicles, but government rebates for [these] purchases have now ceased in all states and territories, except Western Australia,” it said.

“That state had the lowest September 2024 quarter decline in battery electric vehicle market share among all jurisdictions (-0.58% compared to -1.53% nationally).”

The analysis found medium SUVs remained the most popular cars on the market with 73,111 sold in the third quarter. Half of these sales were petrol-powered cars, almost a third were hybrids, 8% were plug-in hybrids and another 8% were electric.

 

[Hypocrite-The]

‘We’ve seen this before’: Used electric vehicle prices and sales hit rock bottom
If you're in the market for a second-hand EV, now could be the time to pull the trigger as battery-powered cars have significantly dropped in value.

Ethan Cardinal
28
‘We’ve seen this before’: Used electric vehicle prices and sales hit rock bottom
+ 2 Photos
As Australia’s new car market braces for an electric vehicle onslaught coming from both new brands and established ones, battery-powered cars in the second-hand market have fallen to record-low numbers.

According to the latest monthly Automotive Insight Report (AIR) – which gathers used car sales data from private sellers and dealerships across Australia – second-hand electric vehicles (EVs) are taking longer to sell, while losing a large chunk of their original value in comparison to traditional petrol- and diesel-powered cars.

For context, the November 2024 report – collated by the Australian Automotive Dealer Association (AADA) and Autograb – revealed that EVs took an average of 61.6 days to sell for the month, a decrease from the peak of 67.3 days recorded the month prior.

Of most concern for sellers is the decreased retention value of battery-powered vehicles – which means how much of the car’s original retail price you'd be able to get back if it was sold today – with one- to three-year-old EVs retaining 75.5, 67.2 and 62.6 per cent of their value respectively.

When going by the retention metric, a Tesla Model 3 – the best-selling EV in the used car market – sold in January 2023 would sell for approximately $48,244 – or 75.5 per cent – of its original $63,900 retail price (before on-road costs) if it was sold in November 2024.

However, depreciation is further compounded among four- to five-year-old battery-powered cars, with EVs in that age bracket losing approximately half of their original retail sticker price, recording retention values of 50.9 and 48.5 per cent respectively.

Despite an overall drop in value and sales across the board, petrol and diesel cars are still the overwhelming favourite among used car buyers in Australia, accounting for 94 per cent of used car sales in November 2024.

For comparison, a two- to four-year-old Toyota Corolla – the top-selling second-hand passenger car in November – retains 96.4 per cent of its original value while taking 39.4 days on average to sell.

Fuel TypeNovember 2024October 2024Percentage Change
Petrol124,614126,622Down 1.6 per cent
Diesel61,55263,886Down 3.6 per cent
Hybrid87638913Down 1.7 per cent
Electric21542349Down 8.3 per cent
Plug-in Hybrid300324Down 7.4 per cent
LPG269281Down 4.3 per cent
November 2024 used car sales broken down by fuel type. Source: AADA/Autograb

“Rapid depreciation is naturally a concern for people buying EVs, but many EV owners will comfort themselves by thinking of the fuel [and] taxation savings, and potential incentives,” James Voortman, the AADA CEO, told Drive.

“The reality is that we have seen this before, when hybrid vehicles were first rolled out decades ago.

“They [hybrid vehicles] also struggled to retain their value, and now that the technology is trusted and accepted values are holding up,” Voortman added.

To make matters worse, used electric vehicle sales in November experienced the largest drop at 8.3 per cent, followed by plug-in hybrids at 7.4 per cent, then LPG at 4.3 per cent.

Despite the downward sales trend, it's worth noting that the AADA only started reporting on EV retention value in the past couple of months.

Additionally, the dealer industry body previously said the pricing volatility of used electric cars is indicative of a smaller sample size in the domestic second-hand car market in comparison to other fuel types such as petrol, diesel and hybrid.

‘We’ve seen this before’: Used electric vehicle prices and sales hit rock bottom
+ 2 Photos
Why are used electric vehicles going down in value?
Experts have pointed to the influx of brand-new affordable EVs coupled with aggressive discounting in the new car market as a major catalyst for the large depreciation of second-hand battery-powered cars locally.

“The low retained value for five-year-old EVs is due to a combination of factors, primarily the growth in affordable new EV options and significant discounting,” Voortman explained.

“There is also a healthy supply of used electric vehicles, where listings have almost doubled in number compared to the same time last year.

“[EV] demand declined in almost every state and used EVs are also taking longer to sell on average compared to their ICE (internal combustion engine) counterparts, which may influence a seller’s willingness to drop the price of a vehicle for a sale,” he added.

Additionally, the competitive retail pricing of new electric cars, coupled with the rush of several Chinese brands looking to establish a foothold in the domestic market, has made upgrading to a new EV more appealing to Australian drivers.

Speaking at a recent inquiry into Australia's transition to electric vehicles, John Khoury, Industry Policy Advisor at the Victorian Automotive Chamber of Commerce (VACC), said:

“We’re seeing some companies decrease prices, really sweeping discounts – some might call it price war. It’s the likes of Tesla, BYD and others, [have] significant price reductions. If I’m a consumer, I might be waiting for another one.”

For context, the cheapest electric car four years ago was the MG ZS EV SUV, which was priced at $43,990 drive-away. Flash-forward to November 2024 and the title belongs to the GWM Ora in its standard range variant, which starts from $35,990 before on-road costs.

According to Voortman, the competitive pricing of new cars has led to an increased supply but decreased demand in the second-hand car market, regardless of fuel type.

“This trend is likely to persist as more affordable new vehicles enter the market, prompting buyers to upgrade sooner and increasing the supply of used cars, which will affect price sensitivity,” Voortman said in a written statement.

YEARNovemberOctoberPercentage Change
202375.5 per cent75.8 per centDown 0.4 per cent
202267.2 per cent67.2 per centNo change
202162.6 per cent62.5 per centUp 0.2 per cent
202050.9 per cent50.0 per centUp 1.8 per cent
201948.5 per cent50.9 per centDown 4.7 per cent
The average retention value of electric vehicles between November and October across five years. Source: AADA/Autograb

Outside of industry trends, the decreasing consumer demand for battery-powered cars in the new and used domestic car market has played a significant part in their depreciating value.

For reference, new electric vehicle sales dropped by 24 per cent in November 2024, spearheaded by Tesla's 36 per cent plunge in deliveries, with the US electric pioneer experiencing a sales slump in nine months of this year.

In terms of the used car market, AADA's 2023 report identified that EVs accounted for 0.7 per cent of the total market share last year, with 13,748 second-hand electric cars reported as sold.

Meanwhile, used hybrid vehicles had a 3.1 per cent market share in the domestic used car market, with 61,443 second-hand hybrids reported as sold in the entirety of 2023.

As a comparison, petrol and diesel cars accounted for approximately 96 per cent of the entire second-hand car market with 1.3 million and 625,357 sales respectively.

How are car brands protecting consumers from EV depreciation?
In response to the dwindling customer demand amid declining value and pricing, some car makers such as Volvo, Polestar, Kia, and Hyundai offer a Guaranteed Future Value Program (GFV) on their electric vehicle offerings.

While manufacturers have their own specific terms and conditions, generally speaking, the financing program works by the customer and brand agreeing on the minimum future market value of the car.

Once the leasing term for an EV ends, under the GFV, a customer either has the choice to own the car outright by paying the minimum agreed value, or alternatively that deferred balloon payment can be applied towards a new car's leasing contract.

MORE:

 

[Leongsam]

https://www.carexpert.com.au/car-ne...s-how-theyre-shaping-up-as-2024-nears-its-end

 

[eatshitndie]

hybrid that runs on avocado oil.