No one wants used EVs, making new ones a tougher sell too

[Lethalstrike]

  On 3/25/2025 at 2:14 AM, tjyand said:

Everyone makes a huge deal of how EVs allow huge savings on petrol. Thing is, govt reclaims to lost fuel duties through substantially higher road taxes.
 

If you don’t have your own charging, you also pay markups for the charging at public chargers. Much higher depreciation as well due to ev technology improving at a much faster rate (kind of like how new iPhone model is released every year). Almost zero parf rebate due to ev incentives netting off against parf value. 
 

with all these factors, wondering what is the plus point of EVs? Maybe the gurus here can share. 

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You're right on every point. There is practically no cost savings but unless you have a home charger, then at least you are paying 30 cents per kWh which is cheaper than outside. 

Plus points of EVs are the tech & connectivity, the driving experience (instant torque, quiet etc) and utility (it isn't that hard for an EV to liberate more useful passenger space compared to an ICE counterpart of roughly the same size). 

Drive to JB also nobody will want to steal an EV because there is no demand for it's parts! 😂

[Stratovarius]

  On 3/25/2025 at 8:25 AM, Voodooman said:

We have already assumed total loss for a EV in any fire. 

Not trying to argue for the sake of arguing but with ICE cars 61 times more likely to catch fire based on real world statistics (1530/25=61.2), based on your logic, every EV fire will need to result in 61 times more damages to third parties to justify the same insurance premium. 

The gap cannot be explained by collateral damages. 

Source: Data from the National Transportation Safety Board (NTSB) indicates that EVs are involved in approximately 25 fires per 100,000 vehicles sold, while gasoline-powered vehicles have a rate of about 1,530 fires per 100,000. 

 

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I din read the report. It will be true if the sample population of cars taken are of similar age, mileage and stocked. If the sample taken are just numbers of the internet then it is greatly skewed against ice. ice cars are around much longer, zhgned more and higher in mileage.

[Voodooman]

  On 3/26/2025 at 11:54 AM, Stratovarius said:

I din read the report. It will be true if the sample population of cars taken are of similar age, mileage and stocked. If the sample taken are just numbers of the internet then it is greatly skewed against ice. ice cars are around much longer, zhgned more and higher in mileage.

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There could possibly be some statistical bias but by definition alone, ICE (C for combustion) fire risk should be higher.

I don't doubt the findings although 61 times may seem a little on the high side.

Based on the same study, hybrid has the highest fire risk. If you think about it, and we don't need statistics for it, it is to be expected... Combustion, volatile fuel plus thermal runaway, especially in an accident.

Edited March 26 by Voodooman

[Stratovarius]

  On 3/26/2025 at 1:18 PM, Voodooman said:

There could possibly be some statistical bias but by definition alone, ICE (C for combustion) fire risk should be higher.

I don't doubt the findings although 61 times may seem a little on the high side.

Based on the same study, hybrid has the highest fire risk. If you think about it, and we don't need statistics for it, it is to be expected... Combustion, volatile fuel plus thermal runaway, especially in an accident.

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I don't disagree with that. Just that reports like that are extremely lazy and often misleading. Accident aside, a properly maintained engine will not cause fire that easily. So far, I only know one acquaintance whose engine got burnt down coz of modification. If the statistics includes accident fire, of coz possibility of engine fire is higher as there are more ice cars than ev now.

Ice more likely to burn? Yes. 61 times more? Highly unlikely. 

[inlinesix]

  On 3/26/2025 at 2:11 PM, Stratovarius said:

I don't disagree with that. Just that reports like that are extremely lazy and often misleading. Accident aside, a properly maintained engine will not cause fire that easily. So far, I only know one acquaintance whose engine got burnt down coz of modification. If the statistics includes accident fire, of coz possibility of engine fire is higher as there are more ice cars than ev now.

Ice more likely to burn? Yes. 61 times more? Highly unlikely. 

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Since there are more ICE than EV, if ICE is 61 times more, nothing much can be said.

 

Edited March 26 by inlinesix

[Beanoyip]

https://www.abc.net.au/news/2025-03-27/donald-trump-auto-tariffs/105101440

 

UP LORRY already

[RadX]

  On 3/26/2025 at 1:18 PM, Voodooman said:

There could possibly be some statistical bias but by definition alone, ICE (C for combustion) fire risk should be higher.

I don't doubt the findings although 61 times may seem a little on the high side.

Based on the same study, hybrid has the highest fire risk. If you think about it, and we don't need statistics for it, it is to be expected... Combustion, volatile fuel plus thermal runaway, especially in an accident.

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For now we stick to what’s best

 

if fire, has to be EV… period!😂

 

@Tianmo say one

[Battledome64]

  On 3/26/2025 at 10:27 PM, Beanoyip said:

https://www.abc.net.au/news/2025-03-27/donald-trump-auto-tariffs/105101440

 

UP LORRY already

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This is for vehicles sold in USA. For vehicles made elsewhere and doesn’t pass USA, probably no impact 

[Beanoyip]

  On 3/27/2025 at 1:29 AM, Battledome64 said:

This is for vehicles sold in USA. For vehicles made elsewhere and doesn’t pass USA, probably no impact 

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Mostly the european markets will be smashed.. 

[mersaylee]

  On 3/25/2025 at 3:47 AM, Voodooman said:

Just trying to find out if he is richer than you.  😂

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He's reached oredi...no need to consider the math...just see where is the nearest shop to change new tyres and the rest of the car at one go...😁

[mersaylee]

  On 3/26/2025 at 10:50 PM, RadX said:

For now we stick to what’s best

 

if fire, has to be EV… period!😂

 

@Tianmo say one

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Tiagong wowo hybrick also...got recall on many models...fire risk = fire sale? 😂

[Tianmo]

  On 3/26/2025 at 10:50 PM, RadX said:

For now we stick to what’s best

 

if fire, has to be EV… period!😂

 

@Tianmo say one

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KNN, if not EV, then WHO?!!!! DIU!!! 

[ER-3682]

  On 3/27/2025 at 3:30 AM, Beanoyip said:

Mostly the european markets will be smashed.. 

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Go & Grab German Auto Industries Shares.

[Voodooman]

  On 3/27/2025 at 7:37 AM, ER-3682 said:

Go & Grab German Auto Industries Shares.

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Will this be nail in the coffin for Nissan? They only produce <20% of US vehicle sales in the US. Jialat.

[Tohto]

  On 3/27/2025 at 8:33 AM, Voodooman said:

Will this be nail in the coffin for Nissan? They only produce <20% of US vehicle sales in the US. Jialat.

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I thought Japanese like Nissan are mainly made in US for their market. 

[Voodooman]

  On 3/27/2025 at 2:32 PM, Tohto said:

I thought Japanese like Nissan are mainly made in US for their market. 

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They have plants all over the world and each plant is tooled for different models. Think they have also shifted some production to Mexico to take advantage of lower cost and Mexico is also not exempted.

Think the European makers will be badly hit.  

If I am Americans, I will be going out today to buy a new highly sought after import, they are going to get really expensive.  

[Tohto]

  On 3/27/2025 at 2:40 PM, Voodooman said:

They have plants all over the world and each plant is tooled for different models. Think they have also shifted some production to Mexico to take advantage of lower cost and Mexico is also not exempted.

Think the European makers will be badly hit.  

If I am Americans, I will be going out today to buy a new highly sought after import, they are going to get really expensive.  

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Many Americans made car are so outdated in designed and boring. 

At the end is their own people suffering.

Well done,  they elected their own president. 

My girl is in NYC and already see the increased in supermarket food prices. 

[Tohto]

Charging station at a big public car park at 千岛湖 China.