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 8 hours ago by vinny41
add

[KhunLA]

2 hours ago, vinny41 said:

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

Apparently the insurance company uses a different calculator.

฿1.189M - ฿960k = ~19%

฿960k - ฿840 = another ~13%

 

Or

฿1.189M - ฿840k = ~30% ÷ 2 = ~15% per year

another 15% when renewal this month = ~฿655k

 

I hope not, although irrelevant, as keeping it till it dies 

Although, at ฿655k, if total loss, only ฿174k for a new one

฿655k only ~20% less than new ฿829k price, so <7% per year 

 

 

Edited 6 hours ago by KhunLA

[vinny41]

1 hour ago, KhunLA said:

Apparently the insurance company uses a different calculator.

฿1.189M - ฿960k = ~19%

฿960k - ฿840 = another ~13%

 

Or

฿1.189M - ฿840k = ~30% ÷ 2 = ~15% per year

another 15% when renewal this month = ~฿655k

 

I hope not, although irrelevant, as keeping it till it dies 

Although, at ฿655k, if total loss, only ฿174k for a new one

฿655k only ~20% less than new ฿829k price, so <7% per year 

 

 

Not sure why you keep quoting the B829K price when your wife was told by a MG dealer that the B599K price is valid and correct

And as for insurance compaines and Capital amount there appear to be changes happening as quoted here

“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 sourcehttps://www.prachachat.net/finance/news-1598803

 

[KhunLA]

15 minutes ago, vinny41 said:

Not sure why you keep quoting the B829K price when your wife was told by a MG dealer that the B599K price is valid and correct

And as for insurance compaines and Capital amount there appear to be changes happening as quoted here

“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 sourcehttps://www.prachachat.net/finance/news-1598803

 

599k is even better, but still skeptical how many are still out there.

 

Hoping someone steals ours, and we get a pay out of 840k, then we can hopefully find one of them, for 599k, or even 829k, and start again with -0- kms 😁

 

Even better, just buy one of them Pick ups when available.  Though the wife isn't giving up the ZS ... no way.   I'll have to sneak the pick up home, and say ... oops, honey, I thought you wanted one.

 

After the first camping trip, she'll warm up to it.  Like the BEV, after selling the 'red' one.   Almost paid extra 70k just for a red BEV, but really didn't want the extra electronics & sunroof.   Though great value & upgrade for only 70k, if wanting.

Edited 4 hours ago by KhunLA

[vinny41]

11 minutes ago, KhunLA said:

599k is even better, but still skeptical how many are still out there.

 

Hoping someone steals ours, and we get a pay out of 840k, then we can hopefully find one of them, for 599k, or even 829k, and start again with -0- kms 😁

The B599K price is because they want to clear stock before the replacement MG ZS EV arrives

Don' think anyone would buy at the B829K price if they are aware that MG is selling for B599K

Likewise I can't see anyone paying B599K or higher for a used MG ZS EV

2022 model MG ZS EV are advertised on Facebook for B469K

There are no 2022,2023 or 2024 models advertised on one2car

[KhunLA]

16 minutes ago, vinny41 said:

The B599K price is because they want to clear stock before the replacement MG ZS EV arrives

Don' think anyone would buy at the B829K price if they are aware that MG is selling for B599K

Likewise I can't see anyone paying B599K or higher for a used MG ZS EV

2022 model MG ZS EV are advertised on Facebook for B469K

There are no 2022,2023 or 2024 models advertised on one2car

 Definitely the bargain of the year @ 599k.   Can't see buying anything else if looking for a good B-class SUV for the family car.  Checks off all the boxes for us, and should for most people.  Quite the step up from JP badged 'made in TH' offerings here / TH. and less expensive than any of the 1.5L ICEVs.

 

Prejudice is keeping a lot of people away from an all around much better vehicle, IMHbiasO

 

You can't fix ignorance 

Edited 3 hours ago by KhunLA

[Bandersnatch]

I feel sorry for AN posters who just bought a non electric vehicle.

 

 

Many will probably be looking to sell them towards the end of the decade. All of this talk about EV depreciation today is pretty irrelevant, what we should be discussing is depreciation in 5 or 6 years time when we will be living in a very different world than today.

 

In 2022 less than 10,000 EVs were registered in Thailand in 2023 it was over 76,000

 

 

 

 

To get a glimpse of what the world will look like at the end of the decade we only need to look at Norway where 94% of new car sales are full EVs and over 50% of all cars on the road are full EVs and it’s not just Norway that is expecting dramatic transformation.

 

Diesel sales in London have fallen 40% in the past 4 years expect diesel pumps to start closing very quickly.

https://ecofriend.com/sale-of-diesel-fuel-in-london-drops-40-in-four-years.html

 

 

 

Who is going to buy your old Internal Combustion Vehicle when there is nowhere to fuel it? It’s not like you can make the fuel at home like you can with an EV.

 

To get a graphic example of this just look at what it’s like to own a Hydrogen car in California.

 

 

 

 

 

 

 

[vinny41]

29 minutes ago, Bandersnatch said:

I feel sorry for AN posters who just bought a non electric vehicle.

 

 

Many will probably be looking to sell them towards the end of the decade. All of this talk about EV depreciation today is pretty irrelevant, what we should be discussing is depreciation in 5 or 6 years time when we will be living in a very different world than today.

 

In 2022 less than 10,000 EVs were registered in Thailand in 2023 it was over 76,000

 

 

 

 

To get a glimpse of what the world will look like at the end of the decade we only need to look at Norway where 94% of new car sales are full EVs and over 50% of all cars on the road are full EVs and it’s not just Norway that is expecting dramatic transformation.

 

Diesel sales in London have fallen 40% in the past 4 years expect diesel pumps to start closing very quickly.

https://ecofriend.com/sale-of-diesel-fuel-in-london-drops-40-in-four-years.html

 

 

 

Who is going to buy your old Internal Combustion Vehicle when there is nowhere to fuel it? It’s not like you can make the fuel at home like you can with an EV.

 

To get a graphic example of this just look at what it’s like to own a Hydrogen car in California.

 

 

 

 

 

 

 

In the same article it states 

"“A new car remains in the Dutch fleet for an average of 19 years. The last petrol and diesel cars will come onto the market in 2034 and will stay on the road until approximately 2053."

https://www.dutchnews.nl/2024/07/half-of-petrol-stations-expected-to-close-in-next-decade/

And this article indictaes that the use of Diesel fuel in the UK is on the increase 

https://www.racfoundation.org/data/volume-petrol-diesel-consumed-uk-over-time-by-year

Edited 2 hours ago by vinny41
add

[Gweiloman]

19 hours ago, josephbloggs said:

I answered you, yet you ignored me. Your silence is deafening.

Not sure what you are trying to prove. Generators are common. Someone has brought to market a temporary generator that can charge EVs in temporary or very remote locations. Temporary. It is not a permanent charging station. Temporary. Are all EVs being charge by diesel generators?

Read the tech spec or is that too much trouble? Posting the actual link was clearly too much trouble for you - seems you can only deal in pictures.

Another good thing about EVs is that if you’re stranded in the middle of Nakhon Nowhere, a farmer can come along with his generator and get you going, albeit after a while. Run out of petrol in your ICE? Might be a long walk to the petrol station and back. 

[Korat Kiwi]

1 hour ago, Gweiloman said:

Another good thing about EVs is that if you’re stranded in the middle of Nakhon Nowhere, a farmer can come along with his generator and get you going, albeit after a while. Run out of petrol in your ICE? Might be a long walk to the petrol station and back. 

Run out of petrol in your ICE? A farmer can come along with a jerry can of fuel and get you going too. 

 

Probably more chance that a farmer has petrol than a generator.