AD #3392 – Used EV Prices Soaring; Got a Tesla Share? Now You Have 3; California Bans ICEs in 2035

August 25th, 2022 at 12:03pm

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Listen to “AD #3392 – Used EV Prices Soaring; Got a Tesla Share? Now You Have 3; California Bans ICEs in 2035″ on Spreaker.

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Runtime: 11:04

0:07 Got a Tesla Share? Now You Have 3
0:50 California Bans ICEs in 2035
1:55 And Hainan Bans ICEs in 2030
2:25 South Korea & EU Oppose U.S. EV Incentives
4:01 Hyundai Invests in Chip Maker
4:24 The Opel Van That Opel Never Knew Existed
5:14 Mercedes EQE Rolling Down the Line in China
5:38 Brabus Aero Kit Gives EQS More Range
7:01 Used EV Prices Soaring
7:54 Wey PHEV Goes Full Retro
8:51 Toyota’s Hitchless Towing

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30 Comments to “AD #3392 – Used EV Prices Soaring; Got a Tesla Share? Now You Have 3; California Bans ICEs in 2035”

  1. George Ricci Says:

    The California Air Resources Board (CARB) has tried numerous times over the years to set overly ambitious rules for the percentage of Zero emissions vehicles which have failed miserably. Deloitte 2022 Global Automotive Study found more than two-thirds (69%) of Americans said their next vehicle won’t have any kind of electrification. Most auto analysts are saying that by 2030 EV sales will only be somewhere in the 20′s percent range.

  2. Lambo2015 Says:

    Anyone want to guess what will happen to the used ICE market in Cali over the next 10 years? Those that do not want EVs will hold onto their gas cars and those that need a car are going to be faced with used ICEs that cost as much as a new EV. But I suppose that’s what they want to happen. Either way they will pay much more for a vehicle in the coming years.
    So can you buy a ICE out of state and still register it in Cali after 2035?

  3. Kevin A Says:

    The Wye PHEV looks more like one of those old VW bug based kit cars. Just needs a fake Rolls Royce grill!

  4. Buzzerd Says:

    The WEY car looks to me like a love child between a HHR & vintage Volkswagen Bug.

  5. Jim Haines Says:

    Another reason of thousands to avoid California and it’s spread to free America

  6. GM Veteran Says:

    @2 In his report, Sean said that California would still allow new ICE vehicles purchased out of state to be registered there.

    Finally, a car company is selling vehicles with unique styling. Thanks WEY! It may not be everyone’s cup of tea, but it may spur other automakers to sacrifice a little efficiency in the name of attractive styling.

    I think the term towing isn’t really appropriate for this new technology. The platooning label seems more accurate. And, who says platooning is only for trucks on limited access highways? That is just the first example of the concept.

  7. Michael Shipley Says:

    No Wey , for me!

  8. Wim van Acker Says:

    @3, 4, 7 WEY. The vehicle for people who do not want to make anybody envious.

  9. Bob White Says:

    Tesla’s growth story is about to hit a brick wall. Europe is in a recession and China is quickly deteriorating. I predict that Tesla stock will be double digit in the next 8 months. That explains why Elon Musk has already dumped over 30B in stock and continues selling. HGe knows…

  10. Lambo2015 Says:

    6 Thanks must have missed that comment. So do you suppose California dealers might have an issue with people flocking to Oregon, Nevada and Arizona to buy their new cars while their hands are tied to only selling EVs? I mean if California is actually serious about banning ICE why would they allow residents to even buy out-of-state ice’s? Cali has the 6th largest economy in the world. Doesn’t seem like this is a smart move. Pretty sure they’ll back peddle this mandate once those sales all go out of state. Sure Cali still gets the sales tax but any profit goes to the dealership in the surrounding states.

    The WEY is very reminiscent of the 1970′s VW square back wagon and the beetle. Either way not much of an original design. Typical Chinese knock off/ripoff designs.

  11. Kit Gerhart Says:

    The WEY looks great! No, I’m not serious, but it’s a lot more interesting than the ~200 CUVs in the US market that all look alike.

    10 I’m guessing CA might allow only used ICErs from out of state, and not new ones. That comes to mind with the selling of my 2004 Jetta TDI wagon. It went from Florida to California. That vintage of 1.9 TDIs did not meet California emissions rules to be sold there new, but could be imported into the state used. I don’t know what the rules were, but mine was about two years old with ~30K miles.

  12. XA351GT Says:

    Is anyone really naive enough to think if Cali is going ban brand new ICE which are and will be more efficient than older engines ever were that they won’t ban those also? just going to slip the noose over you and then give it yank. This pie in the sky BS will have us looking like Venezuela soon . The only green these politicians care about is money , yours. Unless you are holding EVERY country (looking at you China and India) to the same standards this is nothing more than a theft of wealth.

  13. Kit Gerhart Says:

    3 I remember the Rolls-Royce grilles on bugs, and also ’32 Ford looking front ends. WEY probably didn’t use a Rolls grille, because that would be too pretentious, or more likely, they’re saving that for a future, larger car.

  14. XA351GT Says:

    Lambo , what has California done that has actually been smart since Newsom has been in office?

  15. Kit Gerhart Says:

    9 The rate of growth seemed unlikely to go on forever with new competition, but yeah, a near-global recession, would greatly slow the growth.

    How do you find out about Elon’s stock dealings? Is that published somewhere, or do you have access to info as a stock holder?

  16. Kit Gerhart Says:

    14 Something Newsom hasn’t done is to inject culture wars and book bans into the public schools, as in Florida.

  17. Lambo2015 Says:

    14 True! Its just sad because other states see what Cali is doing and think “we too should also be foolishly green”. They somehow think California is the brainchild of great ideas.
    I guess they can set a high expectation and roll it back when they realize the error of their ways. Just sad that it will likely come at a cost to the working man.

  18. Lambo2015 Says:

    11 I’m not appalled by the design that much other than its a copy. I saw somewhere some plans for a 4 door retro bug and after looking at it again that’s real similar. Really surprised it still has chrome plated steel bumpers. That’s unheard of anymore and really makes the design look dated. Not like it was even a freshened up throwback. It looks like its right out of the 1960-70s.

  19. merv Says:

    Tesla is in the news almost everyday for something either with stock news,space news or any manner of things and the amount of money involved. Amazing what Mr Musk has been able to do.

  20. Kit Gerhart Says:

    19 A non-SpaceX rocket should be making the news. The first test flight of the Artemis rocket to the moon is to go Monday morning, with a launch window of 8:33-10:33 AM EDT.

  21. Roger t Says:

    The Toyota hitchless tow – what happens when someone cuts in between? Don’t see this being deployed without a driver in each car

  22. merv Says:

    20 yes that has been getting big press around here. Can you see it from where you are?

  23. Kit Gerhart Says:

    22 Where are you?

    I’m in Indiana for the summer, so I can’t see it from here, but I could see it from my place in Florida, about 18 miles from the launch site.,-80.8690551,11z/data=!4m22!1m16!4m15!1m6!1m2!1s0x88e0a7956705bdd5:0x83ffa3c9473b2ed1!2s5803+North+Banana+River+Boulevard,+Cape+Canaveral,+FL+32920,+USA!2m2!1d-80.608971!2d28.371547!1m6!1m2!1s0x88e0bbb3caf4ea65:0x5b7fc6372378346d!2sKennedy+Space+Center+Launch+Complex+39b,+Kennedy+Space+Center,+FL!2m2!1d-80.6204703!2d28.6263826!3e0!3m4!1s0x88e0bbb3caf4ea65:0x5b7fc6372378346d!8m2!3d28.6263826!4d-80.6204703

    I’ll watch TV news in the next day or two and see if they mention it.

  24. merv Says:

    22 i knew you had a place in Florida, I’m on the West coast of Canada,but the news feeds around here are keeping up on the launch.

  25. Kit Gerhart Says:

    24 It looks like you’ll need to be up early, 5:33 am to follow it live.

  26. wmb Says:

    Sean, with all due respect, I have to disagree with you on foreign OEMs stance of the federal tax credit. As I understand it, what they seem to be saying is that, the US government has no right to require US citizen derived tax money, can be given to US citizens, to only be used on vehicles built, in whole or in part, in US! What right does any our nation, or national interest, have to dictate how another country uses their tax funds on their citizenship?! It’s like if parents invite the neighborhood children over to enjoy the birthday party they are throwing for their child. Not only do the other parents and children not have to bring gifts, but they can play and enjoy all the games, food, balloons, face painting, candy and fun that their child will enjoy. The only exception, will be a small personal birthday cake, that they had specially prepared JUST FOR HIM! What right do the other children and their parents having, to attempt to force these parents to give a special cake to their children as well??? It’s not their home, they’re not paying for the party in any way and it’s not like all the other children are being excluded from any of the other activities at the party! More importantly, they can do the same thing with their own children, in their own homes, if they care to. It would be like a group of kids that come over to play video games, at their friends house. While they’re playing, the father of the child whose house are there over, brings his child a new video game that he purchased. Then the child’s friends get mad at the father, for he did not bringing each one of them a similar video game. This is what I’m getting at, with the protests of the foreign OEMs and their country’s leaders. While there may be a free trade agreement in place, no one is saying that they can’t sell their vehicles in the US. As far as I know (and I don’t know much), no where in that agreement, is there anything saying that a government in that agreement, can’t reward OEMs that build there vehicles locally. Matter of fact, most of what is built here by the Big Three, doesn’t qualify to receive the tax credit either. From what I have seen and herd about the new/proposed law, it seems to level the playing field, with a bend toward those (anyone!) who build locally, to get the tax credit! Not to get all geo-political, but when you consider the trade deficit that exist between US and some of the countries that are up in arms about the tax credit, it becomes a little bet of a head scratcher. For it seems, if you look at it side ways, that the US is only doing, what their governments have been doing to benefit those foreign automakers in their home markets, for years! Consider this too, while these vehicles may not qualify for the ‘federal’ tax credit, there are a number of individual states and municipalities, who are giving tax relief for buying an EV! I get it that they feel that the incentives, will give vehicles made here and advantage, but they can fix this buy building their vehicles here! The thing is, how is it fair that they get to build a vehicle in a off shore plant at a much lower wage then those built locally (to save the OEM money), then get mad when the local federal government gives incentives to buyer who purchase a vehicle that was made locally?! Unless there is more to the law that I am unaware of (and there probably is), I don’t see where the consternation lies, or where the US is wrong for taking their citizens tax money and using it to give them a tax break, for buying something that was built here!

  27. Kit Gerhart Says:

    26 It may be up to the WTO to decide what international law says.

    To us, it’s partly philosophical. The credits are, ostensibly, to encourage purchase of EVs, but in the current form, also to produce US employment. Also, the credits favor huge vehicles over more luxurious smaller ones, and they favor farly wealthy people over less wealthy. I don’t like those last two aspects.

    In the scheme of things, the tax credits don’t cost much. Even if a few million people use the full $7500 credit, it will cost a fraction of what that rocket launch Monday will cost.


    9) The recession is going to hurt all OEMs and it will not be limited to Europe/China although those countries will be hit the hardest. The USA is going to feel some serious pain in this recession as well. It will effect manufacturers that make vehicles in the 60-100K range the most as consumers switch to cheaper vehicles. Rich people can afford cars during a recession, but most truly rich people focus all their cash on appreciating assets that they can buy cheap. Cars don’t make the cut and they will simply drive their 2 year old Mercedes another 3 years instead of replacing it.

  29. Kit Gerhart Says:

    28. The truly rich continue to buy Rolls-Royces, Ferraris, and Lamborghinis, as they bought Duesenbergs during the great depression.

  30. Lambo2015 Says:

    26 I agree with what your saying and that the incentives do not leave out any foreign automaker just as it does not specifically include domestic manufacturers. The requirements are the same for everyone and I see it as no violation to free trade. We are placing a tariff on anything and we are not favoring one manufacturer over another. They all need to meet the same guildlines. Have US content and have a % of US manufacturing. All OEMs can easily take advantage of these stipulations just like back when China required anyone opening a plant in China had to have a partnership with a Chinese firm. They required % content on labor and parts and everyone wanted in on the Chinese market and rushed to agree to the terms to hesitation. Yet when the US wants to offer (NOT A REBATE, NOT CASH) but a tax break to any American that buys a vehicle that meets the criteria they have a problem with it. Id say too bad and if that means breaking the free trade agreement then so be it.