Feel sorry for AN posters who bought electric

[Shmo]

On 9/30/2024 at 10:41 AM, Celsius said:

 

A especially if Chinese cars start popping up everywhere like Thai coffee shops.

Spontaneous combustion, add a yearly flood cycle, people could be shocked how much the electric repair will be, drive up insurance rates, lots of parts available soon!

[ElwoodP]

A series of childish posts by several posters removed.

Please be polite and civil to each other or face sitting alone in the naughty corner for a day.

[CLW]

On 10/1/2024 at 12:14 PM, CallumWK said:

 

Yes indeed, the only difference is that NEW Chinese EV cars are on fire sale.

 

So do you think that someone who buys a new EV at price X, and next year the same car cost new 20% less, that the second hand value of the 1 year old car is calculated on the price he paid 1 year ago, or the current new price?

The market creates the second hand value and nothing else. Of course you can use some lists or calculations or whatever. But in the end you need to make a price that someone is willing to buy your car. 

[vinny41]

48 minutes ago, NoDisplayName said:

 

It's a 2024 model.

It has 5,xxx km on it.

It has depreciated about 50%!

 

Meaning YOUR link to a 2022 anecdote that is older than the 2024 anecdote depreciating about 50% is much worser as a comparison.

 

It actually "proves" that ICE vehicles depreciate TWICE as fast as EV's.

It was built sometime in 2023 it was registered in February 2024

I seen 2013 cars built in 2013  advertised on one2car as 2022 model because the owner drove around on red plates for 9 years

due to the dynamic pricing of EV insurance compainies are planning to reduce the capital value of EV by 30% each year instead of the current 10%

“Now each insurance company is reducing the insurance capital of new EV cars and it is expected that the insurance capital in the future will decrease by 30% per year, not just 10% anymore because the price of EV cars is quite dynamic. Every company has to think and act again because if the insurance capital of EV cars is more expensive than the second-hand price, there will be fraud,” said the source https://www.prachachat.net/finance/news-1598803

[JBChiangRai]

I think there’s a translation error, I think when they say your existing car will have a trade-in value of a maximum of ฿240,000, they actually mean a minimum of ฿240,000.

[Captain Flack]

I have removed a post that has translated a quote and then posted it, not in English. Please ensure that the full post is in English as per forum rules.

[AndreasHG]

On 9/30/2024 at 10:29 AM, Celsius said:

Not because they are bad, but because the prices will keep dropping.

 

 

Nothing new: it happens anytime a new technology is introduced. Early adopters always pay a premium price for a product due to become pretty soon obsolete and surpassed by the latest novelties.

 

[Lacessit]

10 hours ago, richard_smith237 said:

 
 

I’m really interested in carbon recapture - which I believe is cleaner than battery tech. Also hydrogen power & I expect to see some significant in H2 power along with an increased dependence on biofuels. 

 

Carbon capture and storage is an exercise in thermodynamic implausibility.

 

AFAIK there is not a single CCS facility which is operating to its design parameters. Even one of the CCS's most vocal proponents, Professor Tim Flannery, has admitted the technology does not work.

 

CCS is a scientific hoax, like Piltdown Man and cold fusion. The fact billions have been spent on it does not make it any less of a con by the fossil fuel industry.

[Lacessit]

Nobody seems to be asking the question what happens if an EV gets flooded. Perhaps our EV owners can comment on the potential for electrocution.

[josephbloggs]

34 minutes ago, Lacessit said:

Nobody seems to be asking the question what happens if an EV gets flooded. Perhaps our EV owners can comment on the potential for electrocution.

Sadly no one can answer you as it rained last night and they've all been electrocuted.

[KhunLA]

3 hours ago, Lacessit said:

Nobody seems to be asking the question what happens if an EV gets flooded. Perhaps our EV owners can comment on the potential for electrocution.

Can't answer about being flooded, as on high ground, but we just had heavy rain tonight.

 

And well, we all know EVs can't get wet, as they explode.   So I guess we'll be looking to get a Celerio this week.  I just hope the insurance covers the EVs, and they don't consider it an act of GOD / BUDDHA 

[vinny41]

12 hours ago, NoDisplayName said:

 

It's a 2024 model.

It has 5,xxx km on it.

It has depreciated about 50%!

 

Meaning YOUR link to a 2022 anecdote that is older than the 2024 anecdote depreciating about 50% is much worser as a comparison.

 

It actually "proves" that ICE vehicles depreciate TWICE as fast as EV's.

If we look at MG ZS EV 2022 with no subsidy and no price reductions

Price was B1,189,000 

we assumed standard rate of depreciation 10% per year

March 2022 price B1,189,000 

March 2023 value should be B1,070,100

March 2024 value should be B963,090

March 2025 value should be B866,781

now if we take into account subsidy of  B240,000 and further price reductions totalling B350,000 

Current price of MG ZS EV Model D is B599,000

Combined subsidy and price reductions total is B590,000

That is a drop in value over 2 years of 49.6% or 24.8% per year

Best solution for current owners is to keep their car rather than give it away due to price reductions by the Brand

 

 

Edited 1 hour ago by vinny41
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