{"id":333330,"date":"2024-06-20T09:50:20","date_gmt":"2024-06-20T07:50:20","guid":{"rendered":"https:\/\/climatescience.press\/?p=333330"},"modified":"2024-06-20T09:50:23","modified_gmt":"2024-06-20T07:50:23","slug":"not-the-transition-they-expected-people-paying-thousands-more-for-second-hand-petrol-cars-rather-than-equivalent-used-evs","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=333330","title":{"rendered":"Not the Transition they expected: People paying thousands more for second hand petrol cars rather than equivalent used EVs"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From JoNova <\/a><\/p>\n\n\n\n

By Jo Nova<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The cost problem is solved (for all the wrong reasons), but it\u2019s still not enough<\/h3>\n\n\n\n

Around the world, governments are trying to force people to buy electric vehicles because they are nice people who are worried about polar bears. And since drivers out there all believe in climate change, according to all the pollsters, it shouldn\u2019t be a big ask. (Who wouldn\u2019t want to save the Earth?)<\/p>\n\n\n\n

Supposedly, just 10 years from now, they told us, we wouldn\u2019t be able to buy a new combustion engine car at all.  Instead, not only are sales of new EV slowing rapidly, to the point where there is a glut, but as prices fall for used cars customers are not rushing out to pick up the cheaper second hand EVs either.<\/p>\n\n\n\n

Look at how fast the turnaround in this market has been in the last year \u2014 a 25% price premium\u2013 gone:<\/p>\n\n\n\n

Used EVs are now selling for thousands of dollars less, on average, than comparable gas-powered vehicles.<\/a><\/h4>\n\n\n\n

Kaya Ginsky, CNBC<\/strong><\/p>\n\n\n\n

The difference between the price of a used Tesla Model 3 and BMW 3 Series shows how a \u201cpremium\u201d associated with EVs in the initial boom has been erased, according to an analysis from iSeeCars.<\/p>\n\n\n\n

The decline has been dramatic<\/a> over the past year. In June 2023, average used EV prices were over 25% higher than used gas car prices, but by May, used EVs were on average 8% lower than the average price for a used gasoline-powered car in U.S. In dollar terms, the gap widened from $265 in February to $2,657 in May, according to an analysis of 2.2 million one to five year-old used cars conducted by iSeeCars. Over the past year, gasoline-powered used vehicle prices have declined between 3-7%, while electric vehicle prices have decreased 30-39%. <\/p>\n\n\n\n

And all leading indicators are down. Fewer people have plans to buy an EV, and the pool of people who won\u2019t even consider buying one is growing:<\/p>\n\n\n\n

A Gallup poll of Americans in April found ownership of EVs increasing by 3%<\/a> annually, but an equal percentage decline in consumers who indicated serious interest in buying an EV, down from 12% to 9%. Overall, 35% of Americans said they might consider buying an EV in the future, down from 43% last year.<\/p>\n\n\n\n

In Germany, the formerly great industrial empire, EV sales are down 30% compared to this time last year, but sales of petrol engines are up 2% and diesel cars are up<\/em> 3%.<\/p>\n\n\n\n

Pierre Gosselin at NoTricksZone<\/strong><\/a> tells us the German Federal Motor Transport Authority (KBA)<\/a> reports a 30.6% fall in registration of new electric cars compared to May a year ago.<\/strong><\/p>\n\n\n\n

CO2 emissions of new German cars also rose 3.3%\u2026indicating the green transition has stalled and is reversing.<\/strong><\/p>\n\n\n\n

Hat-tip: Blackout News<\/a><\/p>\n\n\n\n

The KBA also adds that 89,498 passenger cars were equipped with a gasoline engine \u2013 an increase of 2.1 percent compared to the same month last year.<\/p>\n\n\n\n

44,893 new cars were diesel-powered, an increase of 3.2 percent compared to the same month last year.<\/p>\n\n\n\n

History books will be written about the crazy political EV bubble.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Around the world, governments are trying to force people to buy electric vehicles because they are nice people who are worried about polar bears. And since drivers out there all believe in climate change, according to all the pollsters, it shouldn\u2019t be a big ask. (Who wouldn\u2019t want to save the Earth?)<\/p>\n

Supposedly, just 10 years from now, they told us, we wouldn\u2019t be able to buy a new combustion engine car at all. Instead, not only are sales of new EV slowing rapidly, to the point where there is a glut, but as prices fall for used cars customers are not rushing out to pick up the cheaper second hand EVs either.<\/p>\n","protected":false},"author":121246920,"featured_media":333333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818056,691818076,691821977,691818154],"class_list":{"0":"post-333330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-climate-change","9":"tag-co2","10":"tag-electric-vehicles-evs","11":"tag-net-zero","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/OIG-2023-11-10T201424.721.jpeg?fit=1024%2C1024&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1oIi","jetpack-related-posts":[{"id":280277,"url":"https:\/\/climatescience.press\/?p=280277","url_meta":{"origin":333330,"position":0},"title":"Values Of Used EVs Plummet, As Dealers Stuck With Unsold\u00a0Cars","author":"uwe.roland.gross","date":"24\/09\/2023","format":false,"excerpt":"The average cost of second hand electric cars is plummeting by a \"phenomenal amount\" as they sit for \"months on end\" without any buyers.","rel":"","context":"In \"cheap PCPs\"","block_context":{"text":"cheap PCPs","link":"https:\/\/climatescience.press\/?tag=cheap-pcps"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0EVsDirect-Posts3.jpg?fit=1200%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0EVsDirect-Posts3.jpg?fit=1200%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0EVsDirect-Posts3.jpg?fit=1200%2C360&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0EVsDirect-Posts3.jpg?fit=1200%2C360&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/0EVsDirect-Posts3.jpg?fit=1200%2C360&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":289625,"url":"https:\/\/climatescience.press\/?p=289625","url_meta":{"origin":333330,"position":1},"title":"ECIU\u2019s Disinformation About\u00a0EVs","author":"uwe.roland.gross","date":"02\/12\/2023","format":false,"excerpt":"From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood This week\u2019s disinformation from the ECIU propaganda unit! Ahead of the Government\u2019s Zero Emission Vehicle Mandate\u2019s being debated in Parliamentary committee tomorrow,\u00a0Colin Walker, Head of Transport at the Energy & Climate Intelligence Unit, said, The Government\u2019s impact assessment for\u2026","rel":"","context":"In \"CO2\"","block_context":{"text":"CO2","link":"https:\/\/climatescience.press\/?tag=co2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-2023-11-10T201424.721.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-2023-11-10T201424.721.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-2023-11-10T201424.721.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-2023-11-10T201424.721.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":287160,"url":"https:\/\/climatescience.press\/?p=287160","url_meta":{"origin":333330,"position":2},"title":"New study finds electric vehicles are driven less than gas cars","author":"uwe.roland.gross","date":"08\/11\/2023","format":false,"excerpt":"A new study from researchers at the George Washington University suggests that emissions savings from electric vehicles (EV) might be overestimated. In one of the largest studies on EV mileage to date, researchers at GW and the National Renewable Energy Laboratory examined odometer data from 12.9 million used cars and\u2026","rel":"","context":"In \"battery electric vehicle (BEV) cars\"","block_context":{"text":"battery electric vehicle (BEV) cars","link":"https:\/\/climatescience.press\/?tag=battery-electric-vehicle-bev-cars"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-38.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-38.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-38.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-38.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 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