NO such thing as Climate Change?

Originally posted by birdman29: ↑

Investing.com -- China’s automotive industry has been artificially boosting sales figures through a government-supported grey market that registers new vehicles as "used" for export purposes, according to a Reuters investigation published on Tuesday.
These "zero-mileage" cars, which have never been driven, are reportedly being shipped to markets including Russia, Central Asia and the Middle East as used vehicles, allowing Chinese automakers to report growth while disposing of excess inventory that would be difficult to sell domestically.
The practice gained national attention after the head of Chinese automaker Great Wall Motor criticized the sale of zero-mileage used cars within China in May. On June 10, the People’s Daily newspaper condemned the domestic sale of these vehicles, calling for "tough regulatory action" to restore market order amid an ongoing price war.
While domestic sales of such vehicles face criticism, the export of zero-mileage used cars is actively encouraged by regional governments across China. Reuters claims it identified 20 local governments, including major export hubs like Guangdong and Sichuan, that have publicly documented their support for this practice.

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EVs Lose Two Thirds Of Value In A Year
June 24, 2025
tags: Electric Cars

By Paul Homewood

h/t Philip Bratby

When will they get the message? Nobody wants to buy these utterly useless vehicles?
The Mail report:

Some electric cars are worth as little as a third of their initial price – the equivalent of shedding £26,000 – after just 12 months, with This is Money revealing the 20 models with the most appalling residual values.

EVs in general have suffered catastrophic depreciation since the end of 2022 when a cocktail of issues sent used prices into a downward spiral.
This perfect storm hit almost simultaneously, involving a cost-of-living crisis, rocketing energy prices, hard-hitting media coverage of EVs, an oversupply of vehicles entering the second-hand market, and Tesla slashing new model prices.
It quickly brewed into a destructive tornado for used electric car values.
Three years later, this punishing depreciation is still hitting EV values – and to the tune of tens of thousands of pounds for owners who bought them outright and leasing and financing companies burdened with undervalued vehicles, according to data shared with This is Money and MailOnline.
Full story here.
This is a warning for anybody stupid or naive enough to buy an EV.
The problem will only get worse as more EVs appear on the second hand market.
Three years ago 267,000 BEVs were sold in the UK. Last year that had risen to 381,000.
But there is no evidence that demand for second hand EVs has risen in the meantime.
The laws of supply and demand cannot be altered. In a year’s time, you will be lucky to give away an electric car.