Posted on 12/25/2023 7:19:12 PM PST by Oldeconomybuyer
BERLIN – The shift away from cars with dirty combustion engines is running into a new hurdle: Drivers do not want to buy used electric vehicles (EVs), and that is undermining the market for new ones, too.
In the US$1.2 trillion (S$1.6 trillion) second-hand market, prices for battery-powered cars are falling faster than for their combustion-engine cousins. Buyers are shunning them due to a lack of subsidies, a desire to wait for better technology, and continued shortfalls in charging infrastructures. A fierce price war sparked by Tesla and competitive Chinese models are further depressing values of new and used cars alike, threatening earnings at rivals like Volkswagen (VW) and Stellantis.
Because most new vehicles in Europe are sold via leases, automakers and dealers who finance these transactions are trying to recover losses from plummeting valuations by raising borrowing costs. That is hitting demand in some European markets that were in the vanguard of the shift away from fossil fuel-powered propulsion. Some of the biggest buyers of new cars, including rental firms, are cutting back on EV adoption because they are losing money on resales, with Sixt dropping Tesla models from its fleet.
“When a car loses 1 per cent of its worth, I make 1 per cent less profit,” said Mr Christian Dahlheim, who heads VW’s financial services arm. The issues with second-hand EVs, he added, have the potential to destroy billions of euros in earnings for the broader industry.
The problems are expected to intensify in 2024, when many of the 1.2 million EVs sold in Europe in 2021 will come off their three-year leasing contracts and enter the second-hand market.
(Excerpt) Read more at straitstimes.com ...
Yeah for that price(and the truck) might as well get a generac system
>Heck, I’ve got 16 cores on mine and the only time I really max out the CPU is when I rip DVDs,
You’re clearly not the target market for the latest CPUs and GPUs. My kid is running a 3xxx processor and 760 GPU both circle 2014, which is more than enough to run the games she likes. Also, as per my statement above, it’s not like I could sell the parts to someone and get enough money to make the selling worth the trouble, much less to build her a better one. It’ll run until it doesn’t.
Talk to the guys running games on triple 4k monitors or 5k VR sets, or the PCs sitting on cloud server farms. That’s why I made the comparison; really EVs are like cutting-edge home computer tech in that they’re for specific use cases or bragging rights.
The problem comes when government (stop the sentence there, it’s perfect).
The problem for EVs comes when government and business collude to try and force developing tech on everyone. Imagine Brandon teaming up with Zuck to mandate that everyone buy a 4080-class GPU and Ryzen 9 or Intel 14xxx processor because Everyone Must Have VR By Mandate In Five Years. Of course Five Years from now those things will be outdated and outclassed and unsellable albeit usable in the same way a 150-mile range used EV still works if you already own it, but you can’t pawn it off on anyone.
For how LONG is it going to do this?
You are not the typical working class American. A 1%er.
If you have to run a whole home generator for more than couple of hours you might as well go to a hotel and order room service. Same cost.
It’s also a lie. Per Deep State...
“...New passenger vehicles are 98-99% cleaner for most tailpipe pollutants compared to the 1960s.
Fuels are much cleaner—lead has been eliminated, and sulfur levels are more than 90% lower than they were prior to regulation.
U.S. cities have much improved air quality, despite ever increasing population and increasing vehicle miles traveled...”
How ‘bout that.
That is what I would do, but there are people that need generators or solar capable of running off grid. California comes to mind when the power companies cutoff power for days at a time for Santa Anna winds.
Agreed, then again, most folks aren't really the target for these systems either. The average computer user would not have any particular reason to upgrade until parts start failing, unless MS-Windows weren't designed to continually slow your system down over time. A modern computer should easily last your average user for at least ten years. Hell, I'd still be using my last system build today if one of the programs I use for work - VMWare Workstation, hadn't forced me to upgrade since they no longer supported the i7 cpu after an upgrade. I was pretty pissed at those bastards. Probably should have just switched to BusyBox. I did manage to get a bit over 9 years of use out of the system.
I agree with that although Apple doesn't. If you are lucky, you might get 8 years or so of OS upgrades and patches. I replaced my 11 year old Mac-Mini a couple of months ago with a new one. I have a 8 year old Dell laptop I don't use very much. I'll keep using it for travel when Windows 10 reaches EOL. It isn't upgradable to a newer version of Windows.
5 minutes? LOL!
Suddenly and Unexpectedly!
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