welcome to Highway Herald your road map to the latest in Auto today we're diving into the heart of California a state known for its wealth population and pioneering Spirit especially when it comes to environmental initiatives this is particularly true in the realm of electric vehicles EVS where California has been leading the charge with EVS now making up nearly a quarter of the new car market but even in this EV Paradise there are signs of trouble Brewing let's delve into the top five indicator
s that suggest California's EV adoption is hitting some speed [Applause] bumps starting with indicator number five a dip in EV sales for years California's EV Market has been accelerating faster than the rest of the US culminating in EVS claiming a whopping 21% of California's new car market last year this is a remarkable feat especially when you consider that the national average is a third of this but these figures have been years in the making and the landscape changed dramatically last year
in a surprising twist sales began to decline for the first time in years during the third and fourth quarters of 2023 the first hint of this downward Trend came when the third quarter wrapped up revealing a total of just over 101,000 EV sales a slight 2% drop from the nearly 103,000 EVS sold in the second quarter this minor dip barely registered on the radar of Industry experts but then the fourth quarter numbers rolled in showing fewer than 990,000 new EVS sold this 10% drop set off alarm Bells
leading many to question the feasibility of California's ambitious goal to phase out new internal combustion cars by 2035 while two quarters of declining sales aren't enough to hit the panic button they do raise eyebrows they suggest that after years of rapid growth California's eveve adoption is showing signs of fatigue if this trend continues into 2024 it may be time to rethink think the strategy before we continue if you're new to Highway Herald hit that subscribe button your support fuels o
ur passion to bring you more content like this now let's shift gears and move on to indicator number four even Tesla is feeling the strain for years traditional automakers have been in a Relentless pursuit of Tesla striving to match its technological prowess and sales figures but with limited success globally the texas-based EV giant remains a formidable Force boasting record-breaking syst sales in 2023 with over 1.8 million units sold the story was similar in California where Tesla saw a substa
ntial 25% growth over 2022 however a closer look reveals a different narrative the first half of 2023 was a period of significant growth but the tide began to turn by the end of the last quarter Tesla experienced a considerable 10.5% drop compared to the same period the previous year and while Tesla seems to be plateauing competitors are gaining ground Tesla lost about 10% of its market share in 2023 while Legacy automakers like Mercedes-Benz and BMW made gains despite having only one EV in its
lineup Toyota Remains the top selling brand relying primarily on hybrid and gasoline only Vehicles industry experts attribute Tesla's slowdown to several factors it's not just about competitors catching up Tesla's lack of significant updates to its lineup is also a contributing factor apart from the new model 3 most of Tesla's vehicles have remained unchanged for several years despite this Tesla models continue to lead the pack among electrified Vehicles sold in California with the model Y and m
odel 3 taking the top two spots followed by the recently discontinued Chevy bolt and the plug-in hybrid Jeep Wrangler moving on to indicator number three shifts in federal tax credits California a state known for its affluence and early adopters has been at the Forefront of the EV transition this rapid shift has been fueled by Nationwide government incentives including including a $7,500 discount for new EVs and up to $4,000 for used ones recent tax rule changes allow for immediate claims and a
new Statewide program offers up to $112,000 for residents to replace older cars with cleaner Alternatives however changes to the federal tax credit have introduced new challenges to safeguard its economy and reduce Reliance on China for batteries and crucial minerals the new act has raised the bar for eligibility requiring a higher percentage of components from America or trade Partners this change has led to over 20 electric vehicles including popular models like the Tesla Model 3 and Nissan Le
af losing their eligibility for this incentive this leaves only 14 vehicles that currently qualify for the $7,500 tax credit potentially impacting the growth of EV popularity in California experts predict this number will increase as manufacturers adjust their supply chains to meet the new rules but the timeline remains uncertain indicator number two challenges at charging stations California's rapid growth in the EV Market can be attributed in part to substantial investments in charging network
s with thousands of stations California boasts the most extensive charging Network in the US however the user experience is far from perfect take Electrify America's charging Network as an example despite investing over $2 billion and installing over 4,000 Chargers across the country many of which are in California only 72.5% of fast Chargers were operation last year with one in five charging attempts failing it's clear that customer satisfaction leaves much to be desired issues range from broke
n screens and faulty Payment Systems to damaged cords and slow charging rates for potential EV buyers these problems could be a deal breaker while EVS have certain advantages over internal combustion cars the lack of seamless charging makes them less convenient the reality of owning an EV is more complex than it seems especially considering that many California residents live in apartments and and can't charge their EVS at home the inconvenience associated with charging is proving to be a bigger
hurdle than initially anticipated it's not just about the time it takes to charge it's also about the unreliability of public Chargers we used to think EV drivers suffered from range anxiety but it turns out the real issue is charging anxiety moving on to indicator number one EVS remain Out Of Reach for average drivers while there are many factors contributing to the decline of the EV Market in California cost is the primary barrier the era of wealthy early adopters is over and EV manufacturers
are now targeting average consumers however for many EVS remain an unaffordable investment in essence EVS have yet to offer enough benefits to be considered a viable alternative to internal combustion cars despite significant discounts and generous government incentives EVS still cost more on average Beyond impressive acceleration they offer little else in return as previously mentioned range and charging anxiety can make owning an EV quite inconvenient then there's the cost of ownership which
is often higher than expected due to higher insurance premiums and repair costs recent reports indicate that EVS are 80% less reliable than gas-powered cars with issues ranging from charging and battery performance to infotainment systems Advanced Drive Assist systems and build quality additionally the potential cost of battery replacement which can account for most of the vehicles value and the fact that electric cars depreciate at a much higher rate than internal combustion cars add to the ove
rall cost on average electric cars lose half of their value over 5 years significantly more than gas powered and hybrid vehicles so even if the EV Market starts to rebound the growth is unlikely to be substantial this suggests that the transition to ev's will take longer than anticipated and the goal of making all new cars electric by 2035 seems somewhat optimistic thank you for joining us on this journey through the world of EVS don't forget to subscribe to Highway Herald to stay updated on the
latest vehicle news and upcoming videos see you next [Music] time
Comments
EVs are not the way to go. The battery is a huge liability.
The biggest hazard of buying an EV today is neither range anxiety nor high cost. It is the risk of being an early adopter. EVs are computers with four wheels. When technology evolves, the "new" EVs of today will become obsolete soon. It's similar to the Betamax video tape replaced by VHS. Then the VHS tapes replaced by CD/DVD/Blu-ray discs, etc. All these planned obsolences translate to much higher costs to the owners of EVs.
Lithium is so NOT the right path. The pollution from its extraction, refinement and eventual recycling vastly outweighs any possible benefit.
Resale value is crap. Who wants to risk buying a used EV when the cost of replacing the battery is so expensive? The charging network has a long way to go before long distance road trips are feasible. When an EV catches fire and is billowing toxic smoke & the fire department must use thousands of gallons of water to extinguish the fire, is the EV still environmentally friendly at that point?
I’m not even sure that EV’s are more environmental than ICE vehicles; they r more expensive to buy, use rare and explorative materials in their batteries, there is a very poor and very scattered charging options, (esply in UK), accidents can b far more expensive to repair, hence the Insurance is far higher than ICE vehicles. Also the depreciation of EV’s is astoundingly fast and can become almost worthless years, prhps even decades, before ICE cars. And finally charging an EV at home, again especially in the Uk, is completely impractical for the majority of people who don’t have a driveway, which makes EV ownership both impractical and more far expensive than it was / is for early adopting richer folk. // Great to see a video expounding these disadvantages.
On top of everything else, EVs are much heavier than ICE vehicles; they are tearing up our roads. We'll have to raise taxes to repair the roads! The gift that just keeps giving!
If there is one thing, humanity will never ever be able to change climate, no matter how hard they try. In fact, by reducing CO2, which the trees need to live as they scrub the air, there will be no oxygen available to breathe if we keep killing trees by killing CO2. I suggest humanity does research on this, and they will find that this is true.
EVs are garbage!
EV ,s are crap!!
How to make EV's the car of choice. Range over acceleration. The former is far more important to most people. sub 5 second to 60 performance is less important than a 5-600 mile range for a full charge that you can use with the vehicle full of your family and all they need to carry and on a day where you might need the heater on, the wipers and the lights on. Second thing is the charging. I don't want to spend hours waiting for an available charger and then wait the same time to charge the thing. If it won't do it in 10 minutes then it is not a viable answer. Third thing is the waste in technology. Yes its very pretty to put in all those dumb screens but people want simplicity and sooner or later those screens will be banned as they are not a suitable solution when your concentration should be on the road not looking at a screen to find how to turn the heated seats off. Prices need to shrink to that of an average petrol vehicle for them to be taken up by everyone. Its quite simple that if you want to sell lots of units to people who can just about afford a new car you don't make them far more expensive and have a smug buyer issue for those that can afford them. Fire! We know that they burn really well. Thing is for most combustion engine vehicles a fire is not likely going to be the end of things but in an EV it most certainly will be. When it goes bang it will be a lethal weapon not only from a flames point of view as that thermal run away cannot be stopped and of course it might just lock you in so you can't open the doors too but also how do you get out of the thing when the battery is sending flames at over 1000 degrees from under the thing and you need to run through it to get away. And what about the very non green issue of the poison that goes into the atmosphere from the smoke when they burn. And of course the final idiocy is where this electricity comes from. If you just tap into the normal power lines how do you know where that current is coming from. A windmill, a solar farm or perhaps that coal burning power station. Sort all of that out and then it might be almost a viable solution.
Another major problem with EVS - EVs have. 80% more maintenance issues then ICE vehicles.
Why would anyone buy EV when it harms the environment before and after its life in general. Is it because it’s not infant and center for the American buyers the damage it causes on the country that we get the raw parts that makes up EV parts?
BEV companys payed a great effort to establish BEV market. However, I must say it was the reckless challenge from the begining. BEV is just an alternative and BEV does not reduce co2 at all. In the first place, BEV has a lot of issues such as range degradation in winter, very long charging duration, deterioration of batteries you had already experienced in smart phones, no repairbility in the car accident, explosion or firing risk of batteries, huge wearing of tires due to significant heavy weight of BEV and very low resail value. Moreover, BEV has to charge the electricity from power plant. The power plant burns petroleum to boil water and turns a turbine to generate electricity, as a result, BEV is ingecting a lot more co2 rather than ICE cars. How come, people is believing BEV is good for environment? I do not understand. I have a confession to make I am not working for oil company, I am not even an engneer, I am just an unsilent majority.
This is whole thousand of people are levering California ever the rich and famous people levering the wok of state
EV’s… 🔥🔥🔥🔥🔥🤣🤣🤣🤣🤣
The wonderful EV dream is turning into the massive EV Nightmare haha
What California is not buying EV? Cali you guys wanted this go buy it this your crap seat in it
No desire to buy a stupid EV EVER, not falling for this BS......
Quite agree with all your comments, a few years ago did consider buying an EV as were stated to be the best thing since sliced bread however now so glad I opted instead to get a Mercedes (W247) 2019 Registered B200 CDi AMG 8 Speed [Diesel] with 81 miles on the clock (ex Demo) with all the latest tricks etc - and got a massive discount of nearly 10k from list price. This has absolutely amazed me, so so quiet, incredible range and over 35 mile journey (A6/A46) to Newark in Eco Mode [Freewheels when lifting throttle] did nearly 90 mpg - hit traffic near end. This car will no doubt still be running in 20 years time and still giving good sensible practical use. I don't make many journeys outside most EV's Range, but during summertime take generally a trip every week of between 150-300 miles Cotswolds, Wales or Cromer - I start to RangeAnxiety when see only have 60 Miles left in tank and warning light comes on ! UCkszU2WH9gy1mb0dV-11UJg/b8IfY7zOK9iVkNAP_I2A-AYUCkszU2WH9gy1mb0dV-11UJg/HvgfY93GEYmqvwLUuYDwAQ