That's a very good point. We will have a lot of "second cars" playing a role in the household which is very different to a commuter car that can serve both grid and house. Actually, why buy a home 5 kWh home battery for £4K when you can get a Leaf with 3-4 times that capacity for the same price.

Thanks! As long as there are companies finding they can create more value from used than from new batteries that will indeed happen. But it's a thin line.

This will undermine everything from the repair market to insurance and finance which in itself may dampen the EV enthusiasm in several industries causing further delays.

Indeed. I think the general direction is clear. We are going electric. But in a time when car makers try to squeeze out more from hybrids and the general narrative becomes more ”wait and see“ we might see low values over several years not least as larger cohorts of lease vehicles hit the market.

No it will never happen of course but with OTA updates and timeless design things could be better. Just like smartphones hold better values than feature phones did. But first we just need EVs to at least keep up with ICE which they don’t.

Which is great for buyers but if you think about it, a disaster for the industry. And drives export meaning original markets don’t enjoy the full benefits of an electrified fleet. Ideally cars should retain values as houses. Then it doesn’t matter if they are expensive as credit would be cheaper.

www.circularenergystorage.com/post/why-low...

I also agree that the batteries, or rather the perception of the batteries is the problem. But also that private persons buying 2-3 years don’t need to follow a company‘s ESG policy. They (or we, I usually buy 3-4 y cars) simply represent another segment that somewhat have their own adoption curve.

To me the biggest problem with EVs, no matter where they are made, is low residual values. European car makers collect a big chunk of their profits from captive finance. Making EV ownership more attractive will increase demand, improve top line revenues, net profit and save jobs in the whole market.

Echo....
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But in Europe they were down in 2024. Not only the growth rate but the actual volumes. Which means that this year's increase of around 25% actually not even takes it back to the expected trajectory. It's high in China and ROW. Great for you if you mine copper. Not so much if you are CPO in Germany.

Nice size! And price. I was also surprised to see Maxis bring more muscle cars to 🇬🇧.

I think Vienna lost its position mainly due to the terror threat and subsequent cancelation of Taylor Swift's concerts but the electric postal service is indeed a nice feature. A lot of Maxus vans and my favourites the small three wheel scooters.