Still want an EV?

[Car-Addicted]

Originally Posted by gblansten

I don’t see BMW surviving this transition.

BMW Group is a global company so I really doubt this is the end of the road for them. As Germany goes BMW is third behind Volkswagen Group and Mercedes Benz. I suspect that this is the Ghost of Angela Merkel at play. Germany's Green Grift is behind BMW's domestic EV worship.

Interesting stats and graphs.
https://cleantechnica.com/2024/01/08...ght-coalition/

[Car-Addicted]

Hertz Is Now Selling Tesla Cars At Bumper Discounts After Announcing A Scale Back On EVs.
January 9, 2024

The lowest price for a Tesla vehicle from Hertz’s inventory is $20,700 for a 2021 Tesla Model 3 Standard Range with solid black exteriors. The vehicle has traveled 86,929 miles and is located in Florida.

The lowest-priced Model Y available for purchase is a 2022 Model Y Long Range which has traveled 85,490 miles and is priced at $31,100.

While the battery warranty on the Model 3 Rear-Wheel Drive is applicable until 100,000 miles, the warranty on other versions of Model 3 and all available versions of the Model Y is up to 120,000 miles.
https://www.benzinga.com/news/24/01/...le-back-on-evs

[gblansten]

Originally Posted by Car-Addicted

BMW Group is a global company so I really doubt this is the end of the road for them. As Germany goes BMW is third behind Volkswagen Group and Mercedes Benz. I suspect that this is the Ghost of Angela Merkel at play. Germany's Green Grift is behind BMW's domestic EV worship.

Interesting stats and graphs.
https://cleantechnica.com/2024/01/08...ght-coalition/

Thanks for the article. I’m just not sure that BMW can retain market share AND make profitable EVs during this huge new paradigm. I think they might get left out and not survive.

[Car-Addicted]

Originally Posted by gblansten

Thanks for the article. I’m just not sure that BMW can retain market share AND make profitable EVs during this huge new paradigm. I think they might get left out and not survive.

If Germany and the rest of the European Union in general allows BYD to continue to sell EV's in their markets, BMW will not be the only company taking a big hit. Not that we have not seen politicians do amazing stupid things in the name of the Green Grift.

BYD boosts battery EV sales and plans localisation in Europe
03 January 2024
Chinese electric vehicle maker BYD Auto reported global sales of more than 526,400 pure battery electric vehicles (BEVs) in 2023. Of that BEV sales figure, 13,000 units were sold in Europe in November alone, led by the Atto 3 model. The vehicle maker is now looking to localise passenger BEV production in Europe to increase its market share and has announced plans to build a passenger car factory in Szeged, Hungary.
https://www.automotivelogistics.medi.../45052.article

[eugenebmw]

Originally Posted by freakystyly

It's kind of old knowledge that the nordic countries are the top buyers of EVs (Norway, Denmark, Sweden, Finland, etc.). I'm sure there aren't human popsicles on the roadside... there also aren't a lot of nordic people on these forums to chime in. I'm sure they do fine in cold temperatures for whatever their use case may be.

I am pretty sure that guy from the picture still alive but for how long? At least he has a choice and hopefully he grow wiser. Our gov. doesn't give us a choice to adapt to EV.

[KRS_SN]

Originally Posted by gblansten

Thanks for the article. I’m just not sure that BMW can retain market share AND make profitable EVs during this huge new paradigm. I think they might get left out and not survive.

BMW offers diesel petrol phev ev and also (potential) hydrogen cars I'd say that Unlike one trick ponies whose shine wears off after the initial hype bmw are well placed to survive.

[M5Rick]

Originally Posted by freakystyly

It's kind of old knowledge that the nordic countries are the top buyers of EVs (Norway, Denmark, Sweden, Finland, etc.). I'm sure there aren't human popsicles on the roadside... there also aren't a lot of nordic people on these forums to chime in. I'm sure they do fine in cold temperatures for whatever their use case may be.

Or they just suffer in silence, I read those countries are highly taxed with liberal gubments.

[gblansten]

Originally Posted by KRS_SN

BMW offers diesel petrol phev ev and also (potential) hydrogen cars I'd say that Unlike one trick ponies whose shine wears off after the initial hype bmw are well placed to survive.

I’m definitely rooting for BMW. I’m aware of their offerings.

[crAbb]

Yep....

[freakystyly]

Originally Posted by M5Rick

Or they just suffer in silence, I read those countries are highly taxed with liberal gubments.

It's true... high taxes. High happiness, high income (to be able to afford the EVs in the first place), high alcohol consumption (because of the depressing darkness and cold?)...

I'm not from there, just saying they don't necessarily deserve the bad rep.

[Car-Addicted]

Originally Posted by KRS_SN

BMW offers diesel petrol phev ev and also (potential) hydrogen cars I'd say that Unlike one trick ponies whose shine wears off after the initial hype bmw are well placed to survive.

These graphs show the diverse fuels of cars registered in Germany. Still a lot of diesel.

https://cleantechnica.com/2024/01/08...ght-coalition/

[M5Rick]

Originally Posted by crAbb

Yep....

Don't know why those 3D reg plates are chosen, all they do is make the reg more recognisable to cops and speed cameras with the sharper numbers and letters.

[eugenebmw]

Originally Posted by M5Rick

Don't know why those 3D reg plates are chosen, all they do is make the reg more recognisable to cops and speed cameras with the sharper numbers and letters.

I think in their thick heads, there is no such thing called common sense.

[eugenebmw]

Am I surprised? Another Canadian got screw

[gblansten]

Originally Posted by eugenebmw

Am I surprised? Another Canadian got screw

He is an inclined plane wrapped helically about an axis with that one.

[carseatsm5]

Hertz Global Holdings, Inc. has made the strategic decision to sell approximately 20,000 electric vehicles from its U.S. fleet, or about one-third of the global EV fleet.

These vehicle dispositions, which were initiated in December 2023 and are expected to take place in an orderly fashion over the course of 2024, will cover multiple makes and models.

The company said that it expects to reinvest a portion of the proceeds from the sale of EVs into the purchase of internal combustion engine vehicles to meet customer demand.

[M5Rick]

Originally Posted by carseatsm5

Hertz Global Holdings, Inc. has made the strategic decision to sell approximately 20,000 electric vehicles from its U.S. fleet, or about one-third of the global EV fleet.

These vehicle dispositions, which were initiated in December 2023 and are expected to take place in an orderly fashion over the course of 2024, will cover multiple makes and models.

The company said that it expects to reinvest a portion of the proceeds from the sale of EVs into the purchase of internal combustion engine vehicles to meet customer demand.

This should set a precedent as it dawns on other car hire firms also.

[KRS_SN]

In the US, the used price of Tesla Model X, the worst performer, dropped 36 per cent compared to a year earlier. While a second-hand Model X would fetch $75,798 in December 2022, by last month this had fallen to $48,511 for an equivalent vehicle.

Other best sellers fell sharply, including Ford’s F-150 Lightning pick-up truck, which dropped 30 per cent from $90,245 to $62,540, and the Chevrolet Bolt, which fell 32 per cent from $26,325 to $17,901.

In the UK, resale values for the Nissan Leaf and Renault Zoe — both older models — fell by a quarter, while the Porsche Taycan fell 21 per cent and the BMW i4 dropped 18 per cent

The resale value of best-selling electric vehicles fell almost a third in the US last year, amid a wider slowdown in the growth of EVs across the developed world.

The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show.


In the UK, the value of used EVs fell about a fifth in the UK, far higher than the overall market where resale values dropped only 3.7 per cent, according to the bank which referred to Auto Trader data.

https://www.ft.com/content/d8ffbdd9-...a-f22095083714

[gblansten]

Originally Posted by carseatsm5

Hertz Global Holdings, Inc. has made the strategic decision to sell approximately 20,000 electric vehicles from its U.S. fleet, or about one-third of the global EV fleet.

These vehicle dispositions, which were initiated in December 2023 and are expected to take place in an orderly fashion over the course of 2024, will cover multiple makes and models.

The company said that it expects to reinvest a portion of the proceeds from the sale of EVs into the purchase of internal combustion engine vehicles to meet customer demand.

As someone who thoroughly enjoys his Tesla as a DD I still wouldn’t have much interest in renting an EV nor even a Tesla specifically. If the place I was staying had level 2 charging easily available then I might consider it. For some of my types of trips out west with long drives and being in the middle of nowhere then zero interest in renting one.

[Alfisti]

Originally Posted by KRS_SN

In the US, the used price of Tesla Model X, the worst performer, dropped 36 per cent compared to a year earlier. While a second-hand Model X would fetch $75,798 in December 2022, by last month this had fallen to $48,511 for an equivalent vehicle.

Other best sellers fell sharply, including Ford’s F-150 Lightning pick-up truck, which dropped 30 per cent from $90,245 to $62,540, and the Chevrolet Bolt, which fell 32 per cent from $26,325 to $17,901.

In the UK, resale values for the Nissan Leaf and Renault Zoe — both older models — fell by a quarter, while the Porsche Taycan fell 21 per cent and the BMW i4 dropped 18 per cent

The resale value of best-selling electric vehicles fell almost a third in the US last year, amid a wider slowdown in the growth of EVs across the developed world.

The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show.


In the UK, the value of used EVs fell about a fifth in the UK, far higher than the overall market where resale values dropped only 3.7 per cent, according to the bank which referred to Auto Trader data.

https://www.ft.com/content/d8ffbdd9-...a-f22095083714

To be fair this is all TESLA'S doing. They had huge margins, were being threatened so dropped prices in a huge way and this has had a massive ripple effect.

[dfox]

Originally Posted by gblansten

As someone who thoroughly enjoys his Tesla as a DD I still wouldn’t have much interest in renting an EV nor even a Tesla specifically. If the place I was staying had level 2 charging easily available then I might consider it. For some of my types of trips out west with long drives and being in the middle of nowhere then zero interest in renting one.

Agreed. I enjoy my EV DD, particularly because my use case is well defined. When you're out of town, spontaneity increases. EV's would make for a terrible rental. Hybrid or PHEV, fine, but no EV. That was a bad business decision. I know people who justify an EV only household, noting that they'll just rent when they need to go on a road trip. Imagine renting and showing up and they hand you a tesla...

[KRS_SN]

Originally Posted by Alfisti

To be fair this is all TESLA'S doing. They had huge margins, were being threatened so dropped prices in a huge way and this has had a massive ripple effect.

Many people did buy at those inflated rates before they dropped the price. They've shot their own kind in search of maintaining market share to keep the share price high.