Automakers Have Big Hopes for EVs; Buyers Aren't Cooperating
wsj.com
wsj.com
That said, I do see 7 of them used within 50 miles of Maryland zip 21278, I'm sure one of them would at least let you sit in one and probably drive it.
I'm a big Audi fan here, who for a variety of reasons moved over to Tesla. Among others, I used to have a B6 variety S4, and it was a thing of beauty. 40v engine was like a German clock. Nose heavy, but still fun on the track. Ran into an RS4 with the aftermarket supercharger at the track, quite lust worthy. They are very fun cars, for sure see if you can get in the seat of one.
(Mostly I moved away from Audis because I was spending so much in maintenance. My A8 had $10K worth of toys that needed repairing (phone bluetooth, a couple door handle buttons, steering wheel motor, slow leak in the air suspension, etc. Nothing that kept it from getting me around. And that 40v engine I knew if there was ever a problem it was going to cost more than the car was worth at that point. I had a throttle position sensor that left me stranded a couple times and put the fear of the German road gods in me :-)
That said, car and driver reports that the yearly costs were about the same for a Tesla because of the price of fixing things like a broken windshield.
But yes, the tires are an added expense compared to what someone might be used to on a Kia Rio.
What is the reason? Extra weight of batteries? Special low resistance tyres? Increased torque spinning wheels from start?
I’ve spent ~ 250 in maintenance on my truck in that time frame.
Note: I had to replace a bent wheel on the Tesla in July due to Portland roads. Then last month a different wheel cracked (also Portland roads). Rather than putting on another pos Tesla OE wheel for $900 I opted to get a nice set of forged wheels (19” vs 21”) for 2k. Gives me more sidewall to hopefully absorb the impacts and not bend the wheels.
The “heavy” conversation is something of a myth. My buddy said that so we looked up his car and it was 400lb heavier.
My mustang made it about 10k miles per set of tires.
Here’s some parts an ICE car has that an EV doesn’t I can think of off the top of my head: - Spark Plugs - Starter - Catalytic Converter - Muffler - Piston Rings - Complicated transmission vs reduction gear
The list goes on. All of these parts will eventually need to be serviced or replaced. Also with no tailpipe emissions, all of those smog check places eventually go out of business as we transition to EVs.
I also harbor a further conspiracy theory that Tesla specifically adopted serialized everything so that they could substitute lower service revenue with "just go buy a new one". Every other automaker getting into EVs has similarly locked down their cars.
They were going to pay all cash expecting the interest rate to be high, but they had a 0% interest promo so ended up financing it. This was a few weeks ago, honestly not sure how they’re still offering 0%.
Edit: this happened in a rural dealership 2 hours away from the nearest large city and 1 hour from the nearest Tesla dealership.
Automakers seem to want to just sell a car and let the private sector figure out charging... Meanwhile in the charging sector, oil companies are buying up charging networks and established ICE vendors are neglecting the networks they were forced to build.
But that’s still not going to be enough to topple the issue that battery cars are $20,000 more expensive than their ICE counterparts, which is more than the whole budget most people have for a car as it is.
I’m not sure where you are, but this is certainly not true in the US broadly speaking.
$10k might be believable… sort of… but that typically doesn’t factor in total cost of ownership. Current EVs have quite a bit lower total cost of ownership for most use cases.
Regarding prices, I got a model y in 2021. It was comparable in purchase price and specs to a Toyota Highlander hybrid, but cost of ownership is lower and resell value may be higher.
I see a 2024 Nissan Leaf on the website. It doesn't sound like Nissan will leave a gap or immediately discontinue the Leaf.
https://www.thestreet.com/electric-vehicles/teslas-latest-al...
GM also confirmed a second-generation Ultium-based Bolt successor.
https://www.caranddriver.com/news/a44639082/chevrolet-bolt-e...
I don't know why you're fixated on that price point, though.
It's not new, but it is the problem: We need to stop subsidizing ICE cars by letting them dump greenhouse gasses into everyone's atmosephere.
https://www.coxautoinc.com/market-insights/kbb-atp-july-2023...
I have a Tesla... you're saying that other EV's charging situation is _even worse_? If I can't charge the thing at home, I just plain can't charge it. If I'm lucky enough to be able to find a charging station, and I'm lucky enough that there are any available charging stations, and I'm lucky enough that the available charging station isn't broken, I have to install some random charging company app on my phone, pre-pay with a credit card, plug my car in for a couple of hours and then come back and hope it worked.
I believe this is what the CEO of Toyota was promoting - emphasizing hybrids as most realistic route for most consumers. He was slammed for it.
Interesting to get slammed for a Hybrid...
https://www.thedrive.com/car-reviews/2024-chevrolet-corvette...
Make a plug-in series hybrid with 100+ mile EV range and I’ll get excited. Parallel hybrids are just fancy ICE.
Toyota can’t get out of their own way with this tech in spite of being easily 10 years ahead of everyone else at one point.
Hybrids haven’t had much success. The market, at least in Europe, is flooded with slightly used PHEVs.
If you can plug in at home an EV is likely viable. If you can't, why would you buy a PHEV rather than a cheaper non-plugin HEV?
Where is data on such things? I'm sure that's true for some and not others, but how many?
There's a reason mr. Toyoda was sent into early retirement a few months ago: their shareholders are starting to get a bit anxious. Hybrids were their past strategy. They'll be milking them for as long as they can get away with but judging from their recent announcements, they no longer believe that to be good enough. They are talking up their battery capabilities a lot lately and they have announced a few EVs to be launched in the next few years. Of course there is still the minor issue of having to build the factories and supply lines to build those.
I'll check again when the 10 year warranty is up and this car has run its life.
> Still, many consumers are reluctant to make the switch, deterred by high sticker prices and the inconvenience of driving a vehicle that has a limited range and needs regular recharging.
I don't see this as consumers being 'uncooperative', it is an incorrect headline fragment. The offerings are not attractive enough to a broader audience.
- Distances that people need to travel are farther in North America. Just like how the smaller cars that sell in Europe and Asia wouldn't sell here, the smaller EVs made for Europe and Asia wouldn't sell here either.
- A more reliable and comprehensive charging network needs to be in place. This is exacerbated by the previous point. In addition to that, my anecdotal experience is that many EV chargers are damaged either by misuse or intentional sabotage.
- Liquid electrolytes are heavy, and the current technology uses too much expensive battery for the distance offered, which matters because in NA, distances are long.
I think that this is unfortunately why Asia is in a virtuous loop with regards to EV adoption, and are slated to enjoy the lower TCO, whereas in North America, we're looking at higher costs for an indefinite period of time. Europe, they were ahead for too long and I guess the present-day conservatism towards technology is having consequences now.
I think there’s a good argument that you still want one ICE car in the household for the annual national park trip or drive 15 hours to grandma’s house or whatever, but for the others electric is very compelling.
As a result, a significant portion of American road traffic is people driving "sport utility vehicles", Ford F-150s, and Escalades to haul their 2.5 children around town. These very large vehicles create problems for everyone else; they are not "crash compatible" and will cause way more damage to smaller cars than smaller cars would do to each other. This means that small cars have to be overbuilt to survive high-speed crashes with cars that shouldn't even be on the road. This can't always be done, especially not without compromising fuel efficiency[0], so entire categories of small cars (e.g. subcompacts, kei trucks, etc) are just plain illegal to sell here.
Of course, the way automakers sold people on more expensive cars that burn more fuel is through culture war shenanigans, and that has trickled down into American car culture. Hence why you get chuds vandalizing Electrify America chargers. Tesla chargers have their own brand of vandalism, where people would park their gas cars in front of Tesla chargers deliberately just to inconvenience people who bought EVs. The reason why a Tesla charger is more likely to be functional is primarily a function of investment on the part of Tesla versus legacy automakers, the latter of whom are investing in EVs very reluctantly because Elon's Musk embarrassed them so much.
Battery weight is a problem for long road trips, which Americans are far more likely to take. However, Americans are also far more likely to buy multiple cars. Most EVs are actually really good second / "city" cars even in America, because you can charge them at home.
[0] The primary way you improve fuel efficiency is by cutting weight. Improving crash survivability increases weight.
The major difference between the EV and gasoline used car market is that viable used models for a wide variety of segments aren't plentiful on the EV market yet.
I can buy a brand-new electric work truck but can't buy a used one from 2018. You bought an Elantra, which is coincidentally comparable to an EV model produced in 2018. But if you had wanted a non-luxury 3-row SUV, a minivan, or a non-luxury large sedan, there would have been nothing used to choose from.
As far as longevity, EVs do much better than most people realize. There is precedent and history, as the Tesla Model S has been on the market for over a decade. Here are some anecdotes from people who have driven the Tesla Model S for over 10 years with 6-digit odometers:
https://www.autoevolution.com/news/how-is-the-battery-degrad...
Being a government protected cartel was great for a while; but now they're all ossified into a mass that's going to sink. Jeepneys and tuktuks are gonna be the thing. I'd love to be in the small engine business about now, there's gonna be a big market for a 40HP to 150HP generic drop in "power unit" things.
Personally, I'm frustrated you can't produce something like a 1990 NA Miata anymore or the tiny pickups that also existed around then like the Ranger or even a Hilux. Oddly enough the EPA is largely responsible for pickups growing into the size of dump trucks lately. They mandate anything vaguely car sized to have very stringent efficiency performance but if you just make the vehicle into a "light truck" those laws don't apply. As a result everything needs to be built like an absolute tank to survive a crash with these behemoths.
Even the less extreme may have doubts about required video systems and breathalyzer ignition interlocks.
What laws are you referring to?
https://www.resources.org/common-resources/how-much-do-regul...
Of course it's completely stupid and counterproductive for governments to set fuel economy mandates in the first place. If they want people to burn less fuel then just increase the tax on fuel and let the free market sort out solutions.
Also, fuel taxes, like all sales taxes are regressive.
I’m going to keep spending 4-6k, cash, on a used car from my local area, which I will spend the next 10-15 years driving into the ground.
My current 99 Subaru is nearing its expiration date, so I’ve been looking, and I can maybe get a used hybrid with 100k miles on it for about $10k.
Electric and hybrid options simply are not cheap enough yet, and automakers are still trying to push brand new cars.
First, it could have better compared the slump to the overall auto market. For example, CarMax stock plummeted at the news of slow sales: https://www.fool.com/investing/2023/09/28/why-carmax-stock-c...
Higher interest rates broadly hurt automotive sales. Taking a quick look online, I see 6.5% loans for Tesla Model Y. That's like increasing the sticker price by almost $9,000 compared to 0% financing. People shop for cars on monthly payment, and high interest rates incentivize shortening loan term length.
Second, the article contrasts Toyota's shortage of hybrids with its inability to move EVs. That's because Toyota's EVs aren't competitive. Nobody should buy the bz4x.
As for why Toyota can't stock enough Hybrids, I have no idea why that is. I also think that anyone buying a Toyota probably should buy a Hybrid. It's kind of a no-brainer for that brand.
I don't think that any of the data shown in the article has a great story around customers being cool on EVs in general.
i would be interested to see some stats on it.
Wouldn’t hybrids be more efficient if the gas/diesel was just generating electricity for an electric drivetrain? They do this for logging and mining trucks.
If it is a plug-in hybrid (PHEV) then for people who have a way to charge overnight it will for many of them have almost the same fuel economy as a battery electric vehicle (BEV), because PHEV electric range nowadays is more than the amount the average driver drives per day.
For example for me a PHEV would almost always be operating entirely in EV mode. For those few times when I actually do take a long trip it would be more convenient than a BEV because a gas pump adds mileage faster than even the fastest EV charges.
Consider a trip from the Puget Sound area to Madras, OR, and back. Using the EV trip planner that someone else recommended in another comment, abetterrouteplanner.com, I find that in a standard range Tesla Model 3 it would be 10 hours on the road, and 1 hour at chargers. With a Chevy bolt it become 2.5 hours at charges.
With my 2006 Honda CR-V I'd need 3 gas stops. With pay at the pump that would be less than 15 minutes spent at gas stops.
A new Honda Civic could do it in one gas stop, so under 5 minutes.
A Prius Prime PHEV could do it with no gas stops, although it would be getting low when it got back to Puget Sound so I'd probably do one gas stop on the way to have a bigger safety margin.
I'll probably get a BEV for my next car, but keep the 2006 CR-V instead of trading it in. That way I've got a BEV for my day to day driving but have the option of taking the CR-V for those rare longer trips where either EV charging might not be readily available or I just don't want long refueling stops.
If the CR-V was not such a reliable car that likely has many more years in it without more than routine maintenance and so I would trade it in and only have one car, I'd seriously consider a PHEV.
They might be more “efficient” from a maintenance point of view, but they will have worse gas mileage then gas/electric. Anytime you have to transform the energy to another form you loose some of power. So ICE > drivetrain will be more efficient then ICE > generator > drivetrain.
Truth is lot of people buying new cars and especially trucks aren't exactly prudent. The sales guy on the lot cares only about next months rent. The dealer is an ass who care only about staying in business the a year from now.
But auto manufacturers have to pay attention to ten year time lines and what they see is they won't be able to sell gas and diesel vehicles in 10-15 years. Big picture 'consumer choice' does not matter at all, they have to buy whats offered and gas/diesel cars and trucks won't be.
If you believe the cartoon version of economics peddled by economists you could believe that consumer choice means gas cars and trucks will still be around in 30 years. Truth is policy makers and the auto manufacturing have negotiated the 2025 as the end of fossil fueled vehicle production. It's a done deal and what the WSJ thinks, auto dealers and consumers want doesn't figure into it.
That was all 40 years ago and before. So you've never seen that happen. I have and I know whats coming. You'll see.
You have no idea who the policy makers will be in 2025. If you think you do, go here and get rich: https://www.betfair.com/exchange/politics/event/30186572/mul...
I can explain to you how it works if it’s too confusing for you. Since you remember the 60s and all.
Some countries and US states have set a goal of 2035. That is somewhat more realistic but still not fully achievable. I guarantee that deadline will be pushed back in some places, especially for hybrid vehicles.
And as I said above the trade publications as opposed to the fish wrap press all show that the transition is something everyone in the industry is planning for. There are something like 17 large battery manufacturing plants planned or being build right now for instance. Just in the US alone.
People who test drive an electric car buy one. That’s why you can’t test drive one, except a Tesla, because only Tesla wants to sell you one.
I've had my 17 year old Prius for 12 years and outside of regular maintenance and parts that are expected to fail periodically, nothing has failed. I bought it used and it needed a muffler so I bought a Toyota one and it lasted 10 years. When the car was 15 years old, I had to replace the 12v battery. Outside of that I've only replaced oil, oil filters, tires, wipers, and light bulbs (not LED). It's been a very inexpensive vehicle to own. The 600v NiMH battery still works fine and still gives me as good fuel economy as when I first got it.
I think Toyota over-engineered the Prius, meaning that when they designed it, they weren't sure how reliable it would be so they ended up making it incredibly reliable. If they'd only put that much thought into EVs.
Once an acquaintance has one, many others in the social circle will follow.
That said, EVs are not for everyone. But also about 40% of US households have a second car and I bet 50% of households rarely drive long distances making EVs viable when people come around to them.
Had I had that, even for longer drives, slight re routes to ensure I can recharge won't be an issue for me. But the reality is that I need to charge this thing and you gotta know the hidden spots where you can in cities. The irony is that electric cars in cities make the most sense but yet make the least sense.
I am terrified of the implication of 2035 when no new ICE vehicles can be sold in new york. Now I hope we solve things, but until then I have no idea what good solutions exist.