Study finds electric vehicles lose value more quickly than gasoline-powered cars

14 днів тому

In what could be a troubling sign for the electric vehicle market, a recent study found that prices of used EVs dropped far more than comparably aged gas-powered vehicles. NBC News' Christine Romans reports.
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#ElectricVehicle #Automobile #Value

КОМЕНТАРІ: 246

@mendezcreative 11 днів тому

Cars aren’t investments guys. Smh

@UDKUntukDikenang 11 днів тому

Exactly

@mikeshafer 11 днів тому

Thank you!

@PBorn-cm3sj 11 днів тому

Not investment, but you don't want your cars depreciated too fast. 😅

@davidpar2 11 днів тому

That goes double for electric ones

@FrankGallagherr 11 днів тому

Yeah idiots

@cubedtothex 11 днів тому

Mistake #1, buying a car as an investment.

@samgriess438 7 днів тому

how do i deliver for my company then?

@cowarddonnie-ji5yz 2 дні тому

@@samgriess438I don't think you understand accounting

@samgriess438 2 дні тому

@@cowarddonnie-ji5yz i dont think you understand the statement vehicles are investments for COMPANIES

@cowarddonnie-ji5yz День тому

@@samgriess438 again, I'm not sure you even understand basic accounting, vehicles are never listed under INVESTMENTS in ANY COMPANIES on earth.

@samgriess438 День тому

@@cowarddonnie-ji5yz apparently you have never ran a company, you know how to run your ignorant mouth and thats about it

@nickg2561 11 днів тому

"I want to sell it because the value is plummeting" .....that is the stupidest statement I have ever heard.

@occamsrazorblades 11 днів тому

Ah. The buy high, sell low investor. I make good money off of them.

@Anhedonis 11 днів тому

If the value is plummeting, then it is still plummeting, which means it’s better to sell before it hits bottom. Or to put it another way, if your $80 Enron stock plummets to $40, you are still better off selling it at $40 than at $0. Now if the guy said he wants to sell because the asset has hit rock bottom and can’t depreciate any further, then yeah, that would be dumb.

@WindFireAllThatKindOfThing 11 днів тому

It's how I scored my house in '11 for a song. Not gonna lie, I LOVED the sub-prime mortgage crash. Got to watch landlords and flippers lose their arses, and poor people with 2 jobs actually able to make rent for once. The economy didn't 'crash' for you if you made less than 100k then.

@shaider1982 9 днів тому

@@occamsrazorblades perhaps is more like meeting a reasonable cutloss

@kxmode 9 днів тому

Sounds like bitcoin/NFT investor

@bengaltiger96 12 днів тому

Spoiler alert: for the most part, cars are not an investment. Not a good one, anyway.

@dariuszcisowski 11 днів тому

It's an iPhone on wheels 😂🚗

@SLIMRISKY 11 днів тому

Alamo, enterprise, national, hertz, would argue your statement

@kevn33 11 днів тому

Yeah I was thinking the same thing. If that's how this guy is investing his money he's got Big problems.

@guybeingaguy 11 днів тому

UPS, Fed Ex and the entire delivery industry would argue your statement.

@guybeingaguy 11 днів тому

@@dariuszcisowski You’re not wrong. Read my other comment…. What if the car essentially didn’t even have a computer OR battery. Battery is a USB you plug in. Check! Phone has driving apps and Bluetooths to the car and off you go. The car is just like a box on wheels. All the good stuff you brought with you. Don’t want your wife driving your car, EVER? Block her number, car won’t start. Dream big and smoke weed often!

@seattlekarim964 11 днів тому

This needed a study?

@mikeshafer 11 днів тому

On the plus side, the purchase price of used EVs is fantastic !

@Thrawn90 10 днів тому

Did I seriously just hear a full grown adult call his car an investment. 😮‍💨

@Hugo-py2ce 11 днів тому

Im so sick of this news media.

@koda3967 11 днів тому

Bye! 👋🏼👋🏼

@Hugo-py2ce 11 днів тому

@@koda3967 bye bye news media👋👋

@WindFireAllThatKindOfThing 11 днів тому

It's for sale, you know. Pay the right dudes and they'll say whatever you want

@patgnz3690 11 днів тому

😂 he called his car an investment 🤦🏻‍♂️

@LamarA-bq1zz 11 днів тому

Didn't take a rocket scientist to figure that out.

@aavvcc 11 днів тому

The only time I would call a car an investment would be if it was part of a car collectors’ fleet.

@d.carter3850 11 днів тому

In other news, water is wet... and later, we'll answer the question, is ice cold?!

@HarmonixsLoL 11 днів тому

Ice loses it's coldness overtime. As soon as you take it out the freezer, it loses value lol

@georgemaximus694 11 днів тому

Why is buying a car considered an “investment”. Do people buy cars thinking they can sell it for a profit?

@aavvcc 11 днів тому

Probably. They are equating it with real estate.

@olivergoncalves1217 11 днів тому

George, it can be an investment if your buying the right car. In this case, we would have to compare apples to oranges, which no one likes to do. It is however, a long-term investment which you can get more out of if you can do your own basic work, oil, breaks, alternators, belts, etc. It's a long-term bet where the payout isn't huge but can work in your favour in a number of ways.

@derekschneider8922 11 днів тому

But they had the chance to experience the newest technology before anyone else. Pay the price

@almontoya5703 11 днів тому

Once battery becomes on par, that'll change

@PeterSedesse 11 днів тому

" I want to sell my Tesla because the value has dropped so much " This is probably the dumbest thing you can say. Just drive it until the wheels fall off. Warren Buffett was driving 20 year old cars....

@peppermintaviation 11 днів тому

Felipe, you haven't lost anything until you actually sell it. It's like the gains or losses in your stock market portfolio...they are not real/realized until you actually sell the stocks. Also, name any other car that has reliable updates AFTER you buy it...things like the integrated turn signal camera view on your center display...all improvements after you bought the car.

@user-rk3ho3lc5q День тому

That joke of a guy is calling his Tesla an "investment." lol

@fleabag2mr.151 11 днів тому

A vehicle is not an investment so never, ever buy a new vehicle. Buy a 3 year old low mile vehicle instead at half the price.

@guybeingaguy 11 днів тому

Not 100% sure but I thought there was no govt incentive on used EV’s . Only the original buyer gets all the financial “perks”

@Anhedonis 11 днів тому

No, there is, and the battery source is not a factor. But it’s less than half for new, domestic sourced batteries.

@user-jb2om7cm8m 11 днів тому

You nailed it- especially when the original buyers were mainly corporate fleets. Tax write offs, Carbon credits, ESG scores, etc etc... the added value of all the perks, is ultimately what they lose when they sell the car- for whatever people think it's actually worth.

@guybeingaguy 11 днів тому

@@user-jb2om7cm8m I would argue “mainly corporate fleets” Here in Fort Lauderdale/Miami they are EVERYWHERE! The see and be seen, latest fad Starbucks mocha something crowd. Went to Atlanta, same thing. I’d Imagine all the other big metro areas are the same. The only way your claim to have the tiniest chance is if corporations changed the ENTIRE FLEET. I don’t know of ONE that has.

@silvy7394 3 дні тому

No you get a credit for buying a used EV too now.

@Sidicas 11 днів тому

You buy low, sell high. Not buy high and sell low. What you doin, silly people.

@js6728 11 днів тому

and yes, but you need to include a battery exchange in the sale of the vehicle, 1 or 2 of them, when they are eligible.

@silvy7394 3 дні тому

Broh we aint worrying about 30 years later when you need to replace the battery.

@silvy7394 3 дні тому

This is funny given my EV's value over the last 2 years almost doubled. I could sell it for more than I bought it right now. If course I havent because I like it, and my car isnt an investment. I bought it and plan on driving it for the next 40 years until it breaks down.

@hansolo8225 День тому

Cars are depreciating assets. Be smart and buy a reliable used car.

@jaym9846 11 днів тому

Whatever energy is readily available, man will find ways to exhaust it at fast as possible.

@Purple-Shadow916 11 днів тому

I dont buy cars to invest, I buy them to take me to places.

@HomesteadEngineering 10 днів тому

This is a very misleading story. The "loss of value" is mainly due to Tesla reducing their cost and then reducing their prices for NEW cars. That make it look like a loss of value relative to what you paid for it. If you look at the difference between a NEW Tesla and USED Tesla there is very little loss. The point is, EV's are loosing value because NEW EV's are coming down in price. Once the price reduction levels out to a steady state, they will hold their value better than ICE.

@olivergoncalves1217 11 днів тому

Its the battery issue. No one want's to get stuck replacing a 10K battery on an electric car.

@kevn33 11 днів тому

The last first gen Volt battery I quoted was $15,000 and possibly up to a year wait. That's overhauling the battery which only includes the three (brand new) battery sections. Some of the wiring harnesses that get corroded are discontinued and cannot be repaired since the terminals are not available. That pretty much brings the overhaul to a screeching halt. But you'd get your old rusty battery tray back, old modules, old contactor assembly and everything else back. It's not like you're getting a whole complete new battery assembly, that would probably cost $30,000. The worst part about the situation is that the car is only worth about $5,000, but now it's worth next to nothing because it needs batteries. So far the second generation Volt batteries are holding up much better than the first generation.

@heyaisdabomb 11 днів тому

@@kevn33well the volt is the worst of all worlds. In a well built EV, you will get 150,000 to 200,000 miles before you need a battery replacement, while the average ICE car will only last 132,000 miles. So… it’s not the battery cost, it’s all of the FUD that the gas and oil industry has created with mis-information to confuse the average consumer. This was predictable. EV’s are slated to be cheaper to produce than ICE cars by 2026, and we will see a decline from there even further. There are no more ice cars new under $20,000, but we will see sub $20,000 evs in the near future, and batteries will continue to drop. We have a moorse law in reverse happening for battery costs., which is in part why the new car prices keep coming down. They can still make the same profits because they keep getting cheaper to produce. The early adopters in a new technology always pay for the R and D.

@olivergoncalves1217 11 днів тому

@@kevn33 15k, huh? ouch. Apparently electric cars are going to become a big problem for our electrical grid once ownership hits the 30% mark (give or take) as we don't generate enough electricity to charge all these cars. We should be focusing on HYBIRD cars at this time for at least another 20 years or so. Apparently you can't easily extinguish a battery fire either and this is causing problems for firefighters.

@Chad_Max 11 днів тому

It’s batteries, insurance, cost of repairs, etc. The average consumer will never go from $5/gal of gas and $80 oil changes to the thousands of dollars that it costs to fix an EV…

@olivergoncalves1217 11 днів тому

@@Chad_Max Yes. I bought a new combustible jan 2023. was looking at ev's but the dollars to ownership ratio made no sense to me. There was no way an ev was going to save me money, and lets consider how poorly a battery behaves in our cold climate...! We need 10 more years before ev costs are at the right point for mass ownership.

@kennymiles1481 4 дні тому

The lack of retractable sunroof is what turns me away from Tesla. They used to have it and choose to go away from it. I just can't do a car without one.

@scottstevens2752 11 днів тому

Who would buy those piles of crap?

@benben6054 11 днів тому

You don’t need a study you see it

@mitchnn 11 днів тому

Badly flaw report. The depreciation in past year cannot be used as assumption for future devaluation. The large depreciation was mainly cause by manufacturer steep discount price due to the excessive price increase 2-3 years ago.

@jeffperteet2327 11 днів тому

Do better designers

@Timbodacious 11 днів тому

well hmmm replacing an ice engine can be above $6000 plus all of the ice engine maintenance over 15 years. they are just about on the same level

@austintube 8 годин тому

Right! People are asking “how often do you have to replace the battery?” It is the same as asking “how often do you have to replace your engine?”

@geraldkohar День тому

It is a common knowledge that buying a new car has never been an investment. As soon as you take it out of the dealer, the value drop by at least 15%.

@PelosiStockPortfolio 11 днів тому

On one hand they say it is bad that used EV prices drop so much. On the other hand they will say that EVs are too expensive to afford. Just more FUD

@jeraldb2868 11 днів тому

0-60 in 2.9 seconds and $65k-$30k in 2.9 months 😂😂😂

@iancollins8159 2 дні тому

Same with gas cars but the difference is EV's last longer

@retailornothing9210 8 годин тому

@@iancollins8159 EV’s haven’t been on the market that long for you to make that ‘space cadet’ assumption about gas cars. EV batteries are half-life. …and besides, no EV will out last my classic 1992 Toyota.

@iancollins8159 7 годин тому

@retailornothing9210 Dude you drive a 92 toyota!! Who's the "space cadet"???🤣🤣🤣 Gimme a call on your "rotary house phone" so we can discuss this!🤣🤣🤣🤣

@ntsejfamyaj 7 годин тому

A good 1/3 of the cost is the battery. So you'll obviously need to consider depreciation related to battery life and future replacement. Duh? So buying a used EV with a replaced the battery could hilariously be cheaper than a new one.

@therealjayseh 11 днів тому

Study finds people put in place, what people want to put in place 🤪

@johnshen1918 5 годин тому

Battery life affects resale value - duh

@DG-hw8it 11 днів тому

Different charging plugs worldwide don't help neither! 🍔

@HappySMilesforJoy 11 днів тому

Are comments removed just because they may counter this narrative. Is that honest reporting to stop or shape the dialogue the report may induce. It’s funny tho because I often see the same comments so many times and yet click “newest” you get some interesting gaps of commentary. Which is unusual unless it’s a news story that pushes a narrative. Odd that way huh

@Anhedonis 11 днів тому

Red flag warning. In these studies, the comparison is for the transaction price of the vehicle when it is purchased vs when it is sold 3, 4, or 5 years later. The trouble is the tax incentives cut down the price of the vehicle by say, $7500. So these studies should be using the net cost instead of the transaction cost. So EVs purchased for $40,000 and sold years later for $20,000 would show a 50% depreciation, when really it should be more like a 33% depreciation because the car went from 32,500 to 20,000 instead of 40,000 to 20,000.

@brianszymanski2971 10 днів тому

Oh really...

@user-xs7zn6ov5k 11 днів тому

Two words: Nissan Leaf

@WindFireAllThatKindOfThing 11 днів тому

The Edsel of the EV world. My eBike can go further than one of the old Leafs

@silvy7394 3 дні тому

Horary. Now lets talk about the other 200 EV's that vastly outnumber all the leafs in the country and are 100x better.

@RiSkyNick 11 годин тому

Never treat a car as an investment. It's just a necessary evil of modern life...

@andrerodriguez7603 9 днів тому

I sold my 2018 Model 3 last January. I got half my money back in 5 years. I don’t think that was so bad, and that was selling it to a Cadillac dealer. A private sale, I would have gotten 5K more. I bought a fully loaded new inventory 2023 Model Y AWD long range with all the options for 38K out the door here in Southern California. It is now selling for 7K more than what I bought it for. EVs are excellent in holding their value in my opinion. Now if Musk’s dream of making all Tesla’s Robo taxis, and making you income while you aren’t using the car. That will be a game changer. Than owning a car will become an asset, not a liability.

@bolbiitp7850 4 дні тому

It’s only an investment if you buy a 1990camry and install a Buggati engine with Tesla model S battery

@user-wx9nt1fv9z 3 дні тому

Who want a EV. When there are a lot of classic cars.. there are people out there with classic car collecting. Classics car are like art museum.

@flamboyantstudioscom 11 годин тому

Sounds like buying a low mileage EV would be smart.

@koda3967 11 днів тому

🤦‍♀️D'uh. When are you going to sell or trade your #EV? Yep, when it is starting to show signs of needing a new battery: $15-20K. 🤨

@brucewilliams2106 11 днів тому

there was a time when the industry could have stnadardized batteries and made them easy to swap. Repubs killed that idea.

@mikeshafer 11 днів тому

It must be a slow news day if your only video is “new cars lose value fast”. Didn’t everyone learn in middle school that you should never buy a new car? Now I have bought a Tesla and a Rivian - both new - but I could afford them and they are so fast that I would be foolish to suffer with gas. Yet the media brings out one dude who complains about that one road trip he takes to Florida every year and how it will take him an extra two hours to make it, and another dude who wants to sell his Tesla because it’s losing value. Wow. Slow news day indeed.

@mikecleartalk 7 годин тому

Technology development. Tesla can make their car cheaper. First cell phone was like $4000 with a brick size.

@bigdapramirez6157 11 днів тому

I can understand car dealers being mad but isn't this a good thing overall for consumers since prices will be cheaper? Unless these consumers wish to own it and sell it a few years down the road

@trailerhaul8200 4 дні тому

Cars are not investment. But without cars, you can’t go make money to invest

@TAL142 11 днів тому

Last time I sold my gas car. I got $150 for it. Actually this doesn't make sense at all. This is probably another attempt to keep gas car market going.

@BeachcomberNZ 11 днів тому

ICE vehicles usually have a life of at least 15 years and at least three owners over that time period. Current EV's will never have the same operational parameters, which makes them far more of an environmental drain than ICE vehicles. Virtually no current EV will ever get beyond a second owner, if that.

@83dsvhtubb 11 днів тому

But you’re able save money by not buying gas

@antiratrace 11 днів тому

Good, that means I can buy one used in a few years. I'd never buy a new car anyway unless I won the lottery.

@roykim51 12 годин тому

If you are not gonna own for 5-7 year, dont own it. Just lease it

@hpph1744 11 днів тому

Depreciating assets are not investments. ❤

@luiscuba803 11 днів тому

I heard 10k and up just to replace the battery.

@Purple-Shadow916 11 днів тому

My Q50 hybrid cost 16 grand for parts only and the battery is tiny compared to Tesla. SMH

@Anhedonis 11 днів тому

Comes with the territory of being an early adopter. It will continue this way until batteries become dirt cheap.

@delta_glider4362 11 днів тому

@@Anhedonis It wouldn't be dirt cheap and it recicling is so dirty that e-car green energy makes me laugh

@andrewlee6913 3 дні тому

Perhaps more disturbing than EVs "losing value more quickly than gasoline-powered cars" is that the news editor didn't vet this report as worthless. The reason that the price of a used EV has dropped more than a comparable gas car is simply because Tesla has dropped prices, making ALL EVs more affordable than they were just a couple of years ago. This is a good thing for consumers. EVs, especially those from Tesla, are still great cars. For those worried about their car loan being worth more than their car...let that be a lesson...live within your means.

@Alvin_Vivian 11 днів тому

Also you can only fix your Tesla at Tesla. It's a total monopoly where they have TOTAL conflict of interest because they PROFIT off their shoddily-made cars (more service fees if the cars don't run well).

@richardwilliams5842 10 днів тому

Hybrids are the way to go people if you want to go the EV route, the best of both worlds 🤔

@lepidoptera9337 10 днів тому

Yes, especially for the car dealership that charges twice as much for their maintenance. ;-)

@lindaweber5599 11 днів тому

Duh.

@beautifulloser8074 11 днів тому

Why focus on Tesla? It’s not the only maker of electric cars.

@sappysuds4545 4 дні тому

Buying a car isn't an investment. You lose money. Unless you are buying a collector car, you can bet you will lose money on it. It's best to buy a used EV.

@timtim2668 11 днів тому

Of Course. New Technology for transportation. Momentarily. This will reverse soon. One more monumental shift or improvement in technology or battery technologies

@Neimfeltrite 11 днів тому

I don't care if they discount the car 20,000 dollars. If I have to drive something around that will inevitably need a 15,000-50,000 dollar battery replacement at some unknown future date, I wouldn't buy the car for even $2000. We have the technology to get around this issue, but the greed built into the system won't allow for one and done cars.

@dontbanmebrodontbanme5403 3 години тому

If you buy a car as an investment, let’s just say you’re not smart! A car is something to get you from point A to point B. My Tesla Model YLR has been a dream. The only maintenance I’ve had to do so far is rotate the tires and add windshield washer fluid. This seems like an anti EV hot piece.

@yookyum 11 днів тому

Media 😕 😞 just a few years ago, they were promoting ev, green energy etc. Now they talk bad about ev. After hundreds of thousands, people purchased ev.😅

@hotboy3232 4 години тому

We don’t Juan electric

@huntermurray3242 9 днів тому

good time to buy a used one then!!

@pbreedu 11 днів тому

If you call a car an investment you have already messed up. A car is an expense. Stocks, real estate, and sometimes art is an investment. Cars, washing machines, phones and beer are all expenses as you buy them for the short term benefits you get from the despite knowing they will depreciate in value

@drrightwing4435 11 днів тому

Buying a used EV is a way bigger risk than buying an ICE vehicle. That’s common knowledge

@punapeter 11 днів тому

No kidding, no one buys your old VCRs either do they. USED Electronics? LOL I'll stick with my 92 year old 32' Chevy 4x4 Truck. I BUILT. Sewing machine cars? Well you can still use a 100 year tredle Singer too. New is not better, especially DISPOSABLE Tech Electric. I could sell my truck for double what I put into it. Each year it gets older it's worth more. In 8 years on it's 100th year birthday I'll stop driving it and mount it as Art.

@happytrails1963 11 днів тому

they drop so quickly

@WindFireAllThatKindOfThing 11 днів тому

Just like a BMW

@dashawnsmith6010 11 днів тому

That’s only because the value of electric cars are dropping to be more affordable

@FrankGallagherr 11 днів тому

New Tesla Model Y will be the best selling car in the world again! Ha ha EV haters!

@danburns3759 11 днів тому

Ah, maybe because the manufacturers have huge discounts and incentives on new EVs. Demand for new EVs has plummeted, manufacturers are cutting production and laying off EV plant workers. A $7,500 government tax incentive is not getting it done either.

@silvy7394 3 дні тому

Where does it say that? EV sales keep hitting records. Production keeps increasing to attempt to keep up with demand.

@mingfung7777 11 днів тому

Buy a tesla for investment...that is dumb 😅

@GhostKilo36 11 днів тому

You spent money for this type of backward study? Since when are vehicles an investment? Did this study involve P.I. and researchers to compile qualitative data?

@velazquez2009sergio 7 днів тому

Electric vehicles have no value for sale. It cost to maintain

@mattsmith6071 11 днів тому

Obviously bc batteries can only be charged so many times.. #softpeople

@kyungshim6483 11 днів тому

These people want to sell their Teslas so they go ahead and buy another NEW car. 🤣🤣🤣🤣

@lepidoptera9337 10 днів тому

I wouldn't buy a brand new ICE dinosaur, either. I would at most buy a used ICE dinosaur right now. No wonder that prices for used ICE dinosaurs are higher. ;-)

@LocNguyen-kw7vr 11 днів тому

maybe and just maybe that's why govt needs to subsidies the EV so much with tax incentives? bc without it there isn't much demand??? It doesn't take a genius to figure that out. Once the magic dust settled, there isn't a lot of demand for EV unless the govt subsidies and prop it up with tax payers money. Less demand = crappy resale value

@Anhedonis 11 днів тому

It’s mostly the battery that is subsidized. The point is to incentivize scaling up manufacturing of nascent technology to bring the cost down. In the past 10 years, price per kilowatt has fallen more than five-fold. But predictably, when demand is predicated on the technology being new and cutting edge, those attributes are no longer true in the used market, hence less demand and crappy resale value.

@Korloko 11 днів тому

So many of those Teslas were bought when Tesla had the best resale value 😂

@edwinmarquez3768 9 днів тому

I think that Chinese EV or hybrids will take over.

@FLJAMESFL 2 дні тому

And this is why I lease my Tesla’s.

@CRAPO2011 7 годин тому

Was looking @ used teslas they have ford level resale value👎👎

@user-qr7ee2cp4y 2 дні тому

Anti ev propaganda from the big oil crowd

@MrNiceGuy485 11 днів тому

Omg please sell me a used model x or s plaid for a huge discount, please! Will pounce it.

@turtsable 11 днів тому

If you think a car is an investment you deserve this hard lesson…

@duckling4393 11 днів тому

Duhhhhh

@Arid379 11 днів тому

Don’t listen to this news

@therealjayseh 11 днів тому

Car salesman lol I always politely ask them to leave me alone. I tell them I don't care who gets to commission, but I don't need you guys bothering me while I'm trying to figure out what I want to buy.