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U.K. EV values fall off a cliff

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29 minutes ago, Cardano said:

Yep got to agree Utter Tosh!

 

Yep got to agree what you post is Utter Tosh

 

Not supported by by any first hand experience or even basic research 

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  • Electric vehicles........best marketing campaign and biggest con in the last 10 years, even the idiots in government fell for it!

  • Yea, I'm so stupid and fell for it hard.   I hate saving 40k-50k THB a year energizing my POS BEV that out performs all ICEV that I've owned, and cost less to maintain & operate.    That

  • Me? Well, I'm not in Thailand but in the UK. Bought a new Mercedes-Benz V-Class diesel just 3 months ago. Range of 650 miles on a 5 minute fill-up to full. 41 miles per gallon. Same purchase price as

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16 hours ago, Cardano said:

Electric vehicles........best marketing campaign and biggest con in the last 10 years, even the idiots in government fell for it!

Approx 10 posts a month for 40 months and now 15 in 48 hours. Just saying like.

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1 hour ago, Cardano said:

Well at least they have an asset that doesn't lose 80% of its value after 4 years and their insurance premiums are very reasonable and actually decrease YoY, unlike your EV's.

The insurance on my EV is 600bht.

2 hours ago, Bandersnatch said:

 

@Cardano Never checks his facts before posting thinks no one will fact-check him :clap2:

 

BYDParts.jpg.98bcee80fdc77fd5137f522bfaf13419.jpg

 

MGParts.jpg.a4a7924ed7a66c7b877bd71b06bc385f.jpg

 

Psychologists term people posting clapping emoji's as having Narcissistic traits....seems appropriate to the EV owners who cannot come to terms with the facts that they fell for the hype and are left with a contraption that nobody will buy.

2 hours ago, Bandersnatch said:

 

Yep got to agree what you post is Utter Tosh

 

Not supported by by any first hand experience or even basic research 

Not stupid enough to fall for the hype, although know several who did and now wish they hadn't.

3 hours ago, Bandersnatch said:

 

All new cars fall in value as soon as you buy them. My EVs come with 8 years warranty on the car and the traction battery so I don't plan to sell them until then.

All 8 year old cars in Thailand are worth the same - practically nothing.

 

As for the "80% of its value after 4 years" 

 

You have any evidence to support that or did you just pull that number out of your ...?

 

Price new 

 

Official_Price_MG_EP_PLUS_2022-copy.jpg.a05673b5376b7652202496ddc8f3bd6e.jpg

 

2021 car:

 

Screenshot_20250804_110744_Chrome.jpg.14203561f054cbde3dd681ab72d6ce84.jpg

 

 

 

@Cardano doesn't own an EV

 

@Cardano has never purchased insurance for an EV

 

@Cardano thinks EV insurance doesn't reflect the replacement cost of the car

 

@Cardano thinks EV insurance doesn't decrease each year as the car's value decreases :cheesy:

 

 

@Cardano doesn't own an EV - he's not that stupid to fall for the hype!

 

@Cardano has never purchased insurance for an EV - see above!

 

@Cardano thinks EV insurance doesn't reflect the replacement cost of the car - Example; 2021 Mazda 2 1.3S, Roojai 2025 1st class premium B6,000, vehicle sum insured B400,000 vs 2023 Neta V Roojai 2025 1st class premium B9,500, vehicle sum insured B200,000, Battery replacement sum insured B200,000......go check it yourself.

 

@Cardano thinks EV insurance doesn't decrease each year as the car's value decreases - don't think anything of the sort and never mentioned this, however it is a well document fact that insurance premiums for EV's are dramatically increasing worldwide, even a major Thai insurer not long ago announced it was actually looking at pulling out of the EV insurance market due to excessive repair costs driving premiums beyond an acceptable range.

3 hours ago, Bandersnatch said:

 

@Cardano Never checks his facts before posting thinks no one will fact-check him :clap2:

 

BYDParts.jpg.98bcee80fdc77fd5137f522bfaf13419.jpg

 

MGParts.jpg.a4a7924ed7a66c7b877bd71b06bc385f.jpg

 

Opening parts centers to placate their customers fears is all well and good, providing they've actually got parts in stock!

2 hours ago, saintdomingo said:

Approx 10 posts a month for 40 months and now 15 in 48 hours. Just saying like.

on a rooooooooll

2 hours ago, BritManToo said:

The insurance on my EV is 600bht.

what is it a ride on mower? 

What is the reality behind the Toyota and Honda announcements in the past weeks in 'hydrogen ICE nearing reality'?

Is this likely soon?  Is it a threat to the emerging EV market? Or will they coexist? 

4 hours ago, Cardano said:

You'll come to understand given enough time!

I can only think of 1 better car at a better price point.   That would be it's replacement when discontinued.  The MG S5, pretty much same specs, but only ฿719k (promo now) & MSRP ฿739.9K.   Only because it comes with life time battery warranty.

 

We don't need any more range, as 3-4 hrs on the road is more than enough.  There is no ICEV I'd even consider at that price point.   That would restrict you to under performing, JP badged, 'made in TH' POS.

 

NO THANKS

14 minutes ago, PMZ said:

What is the reality behind the Toyota and Honda announcements in the past weeks in 'hydrogen ICE nearing reality'?

Is this likely soon?  Is it a threat to the emerging EV market? Or will they coexist? 

Been hearing the same thing since 2006, when GM had the EV1, with a waiting list for people to lease. 

 

Still pushing the same BS, keep people thinking they should wait till ... well, when ever, as been 20 years already, and still nothing.

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4 hours ago, Bandersnatch said:

All 8 year old cars in Thailand are worth the same - practically nothing.

You were doing rather well up to this point, 2nd hand car prices in Thailand are very high. So saying  they are worthless is just tosh.

 

It will be interesting to see how an 8 year old EV compares with the same aged ICE. For me that will be the proof of the pudding. 

4 hours ago, Cardano said:

Well at least they have an asset that doesn't lose 80% of its value after 4 years and their insurance premiums are very reasonable and actually decrease YoY, unlike your EV's.

My past 2 renewals of insurance were the same or cheaper than my last preimium on the ICEV verson of same car.  The first year, the insured value was more than the cost.  2nd year, it was 10 or 20k less than the price or a new one.  

20 hours ago, Cardano said:

idiots in government

only idiots can achieve a post there. They don't have any experts. They schould ask you!!! The only expert in the world. Hurrah😁

2 hours ago, Cardano said:

Psychologists term people posting clapping emoji's as having Narcissistic traits....seems appropriate to the EV owners who cannot come to terms with the facts that they fell for the hype and are left with a contraption that nobody will buy.

 

You claimed all EV parts come from China. You are wrong again.

 

If you don't know what you're talking about best to keep quiet.

2 hours ago, Cardano said:

Opening parts centers to placate their customers fears is all well and good, providing they've actually got parts in stock!

 

And you would know nothing about that

2 hours ago, PMZ said:

What is the reality behind the Toyota and Honda announcements in the past weeks in 'hydrogen ICE nearing reality'?

 

Honda and Toyota have been pushing H2 for years as an alternative to EVs.

 

The economics don't make any sense. Currently the majority of hydrogen (∼95%) is produced from fossil fuels by steam reforming of natural gas. The downside to this process is that its by-products are major atmospheric release of CO2.

 

Green hydrogen produced through electrolysis using renewable power costs US$10-15 per kg - once it has been transported to the filling station the selling price will be much more and make filling up a tank prohibitively expensive. 

 

Screenshot_20250804_171022_Google.jpg.82b71102c4ab9da18d952710e83d92ad.jpg

 

Burning H2 rather than using a fuel cell will suffer from the same problems of cost and availability of H2

 

22 hours ago, 3NUMBAS said:

pretty large falls ,good for buyers 

to get a discount

 

https://www.bodyshopmag.com/2025/news/used-electric-vehicle-values-falling-off-a-cliff/
 

 

Why would you buy an EV though? The CEO of BYD himself has said that the Hybrid is their new strategy. The Hybrid with a range of 2000 km will be the future, the EVs with their range problem will be cheap also-rans, once the Hybrid takes its crown.

1 hour ago, sungod said:

2nd hand car prices in Thailand are very high. So saying  they are worthless is just tosh.

 

I agree 2nd hand prices are high here.

 

I was responding to a comment suggesting that EVs lose 80% value after 4 years.

 

My point was that after 8 years my EV would not be worth much but that would be the same for an equivalent ICE car

 

Screenshot_20250804_172808_Chrome.jpg.336a01599fb3385fd8d9edf948667164.jpg

 

7 hours ago, Cardano said:

Well at least they have an asset that doesn't lose 80% of its value after 4 years and their insurance premiums are very reasonable and actually decrease YoY, unlike your EV's.

This one Neta V 2023 model price new B549,000 

Mileage: 19,000

Recently up for sale B157,000

Depreciation over 2 years 71.4%

https://www.facebook.com/groups/thaiev2car/posts/1255725505748155/

3 minutes ago, BritManToo said:

It's been crashed on both sides.

 

ad states 

Home car, one owner, very beautiful.

- Used very little, no accidents, just driven around the house

3 minutes ago, vinny41 said:

ad states 

Home car, one owner, very beautiful.

- Used very little, no accidents, just driven around the house

Look at the photos, bends on 3 of the 4 corners, broken tail light, mismatched filler cap.

FB_IMG_1754307396778.jpg

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My favorite thing about EVs are it gives people something else to fight about

1 hour ago, Cameroni said:

 

Why would you buy an EV though? The CEO of BYD himself has said that the Hybrid is their new strategy. The Hybrid with a range of 2000 km will be the future, the EVs with their range problem will be cheap also-rans, once the Hybrid takes its crown.

 

Hybrids have a tiny 1kWh battery and don't really make sense economically as they have to have an electric drivetrain the cost of which is rarely covered by increased fuel efficiency.

 

A PHEV with 70-100km of EV only range does mean that regular commuting is covered and longer trips are done with the ice.

 

Having owned a PHEV and 2 full EVs, the EVs win hands down. 

18 minutes ago, BritManToo said:

It's been crashed on both sides.

 

Looks like all 4 corners been dinged :coffee1:

11 minutes ago, Bandersnatch said:

 

Hybrids have a tiny 1kWh battery and don't really make sense economically as they have to have an electric drivetrain the cost of which is rarely covered by increased fuel efficiency.

 

A PHEV with 70-100km of EV only range does mean that regular commuting is covered and longer trips are done with the ice.

 

Having owned a PHEV and 2 full EVs, the EVs win hands down. 

 

Clearly you don't know what you're talking about. From the CEO of BYD:

 

"BYD’s chairman Wang Chuanfu unveiled the fifth generation of the hybrid technology that achieves a record low fuel consumption of 2.9 liters per 100 km (62.1 miles) on depleted batteries at an event in Shaanxi province’s capital Xian.

 

With a fully charged battery and a full gasoline tank, the technology can ensure a driving range of 2,100 kilometers, Wang said in the city where the company’s first automaking factory was located."

 

So even BYD is now betting on the Hybrid engine, and conceding that Toyota was right all along. Hardly surprising:

 

"Plug-in hybrids priced from 79,800 yuan have made up the bulk of BYD’s sales in the past three years, with an accumulated 3.6 million such cars sold by the company."

 

So even BYD made most of its profits from hybrids, not EVs.

 

https://www.cnbc.com/2024/05/28/byd-unveils-new-hybrid-tech-as-battle-with-gasoline-rivals-heats-up.html

49 minutes ago, BritManToo said:

It's been crashed on both sides.

 

and it’s Pink

1 hour ago, Cameroni said:

Clearly you don't know what you're talking about.

 

Clearly you don't know the difference between a HEV and a PHEV

 

BYD.jpg.6ca8a25f3345db807a98ed1b54e277e1.jpg

 

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