Australian fuel efficiency standards aimed at cutting petrol bills, 'catching up' with US

[Sprintey]

"The significant growth in new electric vehicle (EV) sales has seen the values of used EVs plummet in many countries around the world, including Australia.

Here, resale values of EVs declined by more 21 per cent in the 12 months to January 2024 – meaning a used EV depreciates more than its internal combustion engine (ICE) equivalent."

https://www.carsales.com.au/editoria...xperts-144507/

That's 3 days ago, Australian media.

Interesting to raise insurance-oil links, that would be worth investigating. I think if used prices are falling heaps the insurance companies would want to protect themselves at any rate.

In Harry's video, at 13:30ish there was a mention of Bjorn Nyland (iirc) who has kept records of different brands of EV and how their batteries deteriorate - again, Tesla does well. That was useful to see, too.

[kypez]

Originally Posted by Sprintey

"The significant growth in new electric vehicle (EV) sales has seen the values of used EVs plummet in many countries around the world, including Australia.



Here, resale values of EVs declined by more 21 per cent in the 12 months to January 2024 – meaning a used EV depreciates more than its internal combustion engine (ICE) equivalent."



https://www.carsales.com.au/editoria...xperts-144507/



That's 3 days ago, Australian media.



Interesting to raise insurance-oil links, that would be worth investigating. I think if used prices are falling heaps the insurance companies would want to protect themselves at any rate.



In Harry's video, at 13:30ish there was a mention of Bjorn Nyland (iirc) who has kept records of different brands of EV and how their batteries deteriorate - again, Tesla does well. That was useful to see, too.

Again. Australian media will follow the hype. Yes, resale has fallen as supply has increased. People were flipping Raptors and Rav4's for $10k profits as were people with EVs. That is gone. That doesn't mean it's fallen rather than the inflated market has been restored.

[Franco Cozzo]

Originally Posted by kypez

Again. Australian media will follow the hype. Yes, resale has fallen as supply has increased. People were flipping Raptors and Rav4's for $10k profits as were people with EVs. That is gone. That doesn't mean it's fallen rather than the inflated market has been restored.

Price of the meth-mobile of choice (SS Commodore) has significantly fallen now too.