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Joined 11 months ago
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Cake day: October 25th, 2023

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  • Most of the comparisons in this video are to a year ago, which was the peak of the supply crunch. You can see in one of the charts that a 2020 Taycan had risen in value above the original sale price after two years of ownership, in 2022, and then crashed afterwards, now it’s 40% below the sale price. The media is full of stories of EV’s depreciating, but they are just reverting to the normal outcome. A car losing 40% of its value over 4 years of ownership does not seem high to me.


  • All of this generation of EVs will depreciate like crazy as battery technologies will improve a lot over the next few years and become somewhat more affordable.

    Batteries and the tech becoming obsolete is one reason for EVs depreciating a lot

    The Taycan gets 260 miles at 75mph in summer and recharges in just over 20 minutes, it’s not obsolete, that’s still one of the best available on the market.

    According to the AA, the average car doing 10k miles a year loses 60% of its value after 3 years, battery improvements do not happen quickly enough to make a big difference, and even if the battery halved in cost, it’s not as if the price of a Porsche is suddenly going to be cheap, the new price might drop from £85k to £75k, that is not enough to make a big impact on used car prices.

    It’s just the same as always, new cars lose value quickly.






  • Yes, but it’s not about manufacturers making batteries, it’s about China’s dominance of the supply chain as a country. China refines 95% of the battery materials and makes 75% of the batteries. Much of that is because the Chinese government has subsidised battery manufacturing to put themselves in a dominant position, on average Chinese battery factories are running at half utilisation which is not viable for western companies. Also, they have much reduced labour and environmental protections and they ignore IP (the LFP patents which just expired).



  • It isn’t more popular looking at the sales figures. ID.4 and Ioniq 5 both sold 10-11k units last quarter in the US, in Europe the ID.4 is the third best selling EV this year, the Ioniq 5 is about the 15th.

    There are plenty of good reasons to prefer the Ioniq 5 to the ID.4, but the ID.4 gets excessive criticism online and by reviewers, I think because it is a less exciting design and appeals to ordinary people, because people dislike VW because of dieselgate, and because VW were seen as challenging Tesla, so Tesla fans got defensive. The software also was not very good, and these perceptions remain even though the issues seem to have been solved. The new version of the ID.4 actually has software features that I’d like to see others adopt, like an ability to manually precondition the battery, and an ability to see the car’s current maximum charge speed potential.

    If you’re looking at the ID.4 I’d make sure to get the new version with the v4 software. The worst issues with the ID.4 are that the OTA system hasn’t worked, and the old cars can’t get the new software.