From the top down: (a) China leads the motor vehicle manufacturing with over 30 million vehicles . produced and 12 million exported (total global market 90 million +) (b) China is the leading EV manufacturer and user of EVs (BEVs PHEVs & HEVs)
To argue against this China led trend is like an elephants tail trying to wag the elephant., mate.
The US & the EC have had to bung massive import tariffs on Chinese EVs.
If EVs are as you contend (not economically viable ...not to mention environmentally viable) then why did the # 2 & # 3 markets in the world bung such high import tariffs on Chinese EVs?
Of course the EC & US tariffs simply mean cheaper Chinese EVs in Aus and that trend is happening now as per my post above.
If it doesn't make sense, then its unlikely untrue; that is unless both the EC & the US are mad!
Re: Depreciation:
The most popular used HEV being auctioned at present is a 4 year old Toyota Corolla (see Manheim and Pickles Weekly Auctions)# The average is 4 years/60,000 kms (These are ex-Gov & ex-fleet cars) and the auction prices are as follows: (a) Corolla Hatch ICE ( fleet price new 2020 $25K) Nov 2024 Auction Price: $17,500 (b) Corolla Hatch HEV (fleet price new 2020 $28K Nov 2024 Auction price :$21K
So in summary The HEVs have maintained their $3 K price difference while offering the owners fuel & maintenance savings
# I have monitored these Auctions over the month of Nov
So rather than calling other posters posts "rubbish" , do yourself a favour and study the global and local markets and then post
PS: We haven't seen the EV/PHEV/HEV light commercials here yet in significant numbers , but, IMO, we'll see alot more of them over the next 3 years .
