Australian (ASX) Stock Market Forum

Electric cars?

Would you buy an electric car?

  • Already own one

    Votes: 10 5.1%
  • Yes - would definitely buy

    Votes: 43 21.8%
  • Yes - preferred over petrol car if price/power/convenience similar

    Votes: 78 39.6%
  • Maybe - preference for neither, only concerned with costs etc

    Votes: 37 18.8%
  • No - prefer petrol car even if electric car has same price, power and convenience

    Votes: 25 12.7%
  • No - would never buy one

    Votes: 14 7.1%

  • Total voters
    197
It's poor people's taxes that will pay to upgrade the grid, to cope with the night time peak of charging of the EVs of stockbrokers and bankers.

So poor people ..stump up $50k (minimum) for an EV ..or tough luck. We stockbrokers, bankers and pollies in the leafy suburbs are alright.

I would never have believed that Rederob would be such an elitist, and so dismissive of the plight of under privleged people...

Great finance deal from Nissan

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Great finance deal from Nissan

View attachment 138860

I would say they are trying to sign people up, before the wave of new Chinese EV's arrive. The Leaf is getting long in the tooth 40Kwh battery is pretty small and costing from $50k - $60k, the BYD and Nio cars will make it hard for Nissan to move the Leaf's IMO.

 

Electric vehicle conversions take off amid soaring petrol prices​


Typical ABC BS considerating delays to get batteries etc..and the fact the oil price crisis is less than a month old
but yes it will act a bit that way..or for people with a bit less money to burn, swap the monster suv for the car you need....
 
Typical ABC BS considerating delays to get batteries etc..and the fact the oil price crisis is less than a month old
but yes it will act a bit that way..or for people with a bit less money to burn, swap the monster suv for the car you need....

I would have thought it would be a massive employment opportunity, and as usual we have let our trades decline so that there are too few electricians to go around.

If our politicians have any nouse, they will take this up and announce large investments in electrical trade apprenticeships.
 

Electric vehicle conversions take off amid soaring petrol prices​


I suppose if you can only afford $20k to make the conversion and it's what you want, then go for it.
But unless it's to do up a classic to keep it running, it's not a good investment. Alternatively, run it into the ground to get your money's worth.
Some reasons not to:
  1. Unless an EV is built from dedicated architecture its road handling will be comparatively poor
  2. its wiring will be a dog's breakfast
  3. the drivetrain channel cuts into internal space
  4. boot space will be less unless the fuel tank is remove and reconfigured
  5. the electronic wizardry of modern EVs will not be included
  6. unless its an LFP battery you might overcharge and discharge the battery at rates that lead to significant degradation
  7. older cars will have legacy mechanical issues
  8. resale values for other than classic cars will be comparatively low.
They were off the top of my head, as I am sure I missed lot of other negatives, like lacking a low aerodynamic drag coefficient, that make the idea limited in value.
 
I suppose if you can only afford $20k to make the conversion and it's what you want, then go for it.
But unless it's to do up a classic to keep it running, it's not a good investment. Alternatively, run it into the ground to get your money's worth.
Some reasons not to:
  1. Unless an EV is built from dedicated architecture its road handling will be comparatively poor
  2. its wiring will be a dog's breakfast
  3. the drivetrain channel cuts into internal space
  4. boot space will be less unless the fuel tank is remove and reconfigured
  5. the electronic wizardry of modern EVs will not be included
  6. unless its an LFP battery you might overcharge and discharge the battery at rates that lead to significant degradation
  7. older cars will have legacy mechanical issues
  8. resale values for other than classic cars will be comparatively low.
They were off the top of my head, as I am sure I missed lot of other negatives, like lacking a low aerodynamic drag coefficient, that make the idea limited in value.

This may all be true, but it may not be relevant to those that do low mileage trips around town and have another vehicle for long trips or to carry more people.
 
This may all be true, but it may not be relevant to those that do low mileage trips around town and have another vehicle for long trips or to carry more people.
The next biggest effect will be the difficulty buyers will find replacing all the cars that were destroyed in the NSW and Queensland floods.
The vehicles will be written off ok, but where are they going to find replacements, whether they be EV, hybrid or ICE?
Mick
 
The next biggest effect will be the difficulty buyers will find replacing all the cars that were destroyed in the NSW and Queensland floods.
The vehicles will be written off ok, but where are they going to find replacements, whether they be EV, hybrid or ICE?
Mick

Watch the dodgy backyard dealers pick up those flood damaged vehicles and make them look pretty :mad:
 
This may all be true, but it may not be relevant to those that do low mileage trips around town and have another vehicle for long trips or to carry more people.
I am strongly pro EV, but I believe your example is not cost effective.
To save money on fuel you need the car to do more mileage, not less.

I would say they are trying to sign people up, before the wave of new Chinese EV's arrive. The Leaf is getting long in the tooth 40Kwh battery is pretty small and costing from $50k - $60k, the BYD and Nio cars will make it hard for Nissan to move the Leaf's IMO.
Dead right.
My new BYD on road and comprehensively insured will cost under $48K. Compare that with the Redbook price of a 3 year old Leaf, uninsured:

1646866996063.png
 
I am strongly pro EV, but I believe your example is not cost effective.
To save money on fuel you need the car to do more mileage, not less.

Whatever, the market will make the call.

There may be people doing a relatively low daily mileage, home-school-work or home-school-railway station , and then shopping on the weekends but doing it every day so it all adds up, then there is the inconvenience of filling up the tank.

Are you trying to sell more Chinese BYD's therefore degrading local content ? :cool:
 
Whatever, the market will make the call.

Are you trying to sell more Chinese BYD's therefore degrading local content ? :cool:
If I could afford it I would buy a Tesla with LFP battery, made in Shanghai.
Some in Australia prefer the ICE Mercedes, Audis, VW and Volvos made in China.

In relation to a shares site, however, I do regard BYD a better stock to buy for appreciation than Tesla, but it's not possible unless I were living in China.
 
BYD AIMING NEAR THE TOP OF THE CHARTS

For perspective, behind Tesla’s 12,000 Model 3 sales, was the MG ZS – of which 1388 were sold in 2021.

Luke Todd, boss of EV Direct the distributor of BYD vehicles in Australia spoke glowingly of the number of pre-orders the company had received for their first model in Australia, the Atto 3, saying “The number of orders we’ve actually received with people putting down deposits and readying themselves for delivery in July has been outstanding, we’re comfortably now the second highest selling EV brand in Australia.”

That statement suggests they’re in the territory of MG’s ZS figures, and when questioned about that being around 1,500 cars, Mr Todd said “I can’t give out the exact number until we start delivering and show our actual numbers on VFACTS but that’s getting close to the number already“

A simple statement like that confirms something that many will wonder in the months ahead – just how well is BYD going.....


 
Whatever, the market will make the call.

There may be people doing a relatively low daily mileage, home-school-work or home-school-railway station , and then shopping on the weekends but doing it every day so it all adds up, then there is the inconvenience of filling up the tank.

Are you trying to sell more Chinese BYD's therefore degrading local content ? :cool:
Let's just hope the market will make the call, not a distorded set of subsidies, taxes and regulations
 
Let's just hope the market will make the call, not a distorded set of subsidies, taxes and regulations

Agreed, however if the market demands more EV conversions but there aren't enough tradies to fill the demand, then that would require government investment in apprenticeships ? You wouldn't call that a 'subsidy' I presume ?
 
Agreed, however if the market demands more EV conversions but there aren't enough tradies to fill the demand, then that would require government investment in apprenticeships ? You wouldn't call that a 'subsidy' I presume ?
There is always filling of market gaps unless you tweak things with licensing, quotas etc
I think it would be premature to form tradies specifically to EV conversion.which may never happen
Just provide proper education..
Education overall should be enough.and that is no subsidy,but specifically EV conversion...probably not.
get mechanical and electrical tradies who can work on solar ev or hydrogen plants as well as coal mines in the next 30y?
 
As we said quite a while back, the legacy auto makers are going to stop selling bargain basement ICE cars, this will close the gap between the price of ICE cars and equivalent EV's.
like I said at the time, let the manufacturers sort it out, allowing the Government to use taxpayers money to distort the market just subsidises the manufacturers which is stupid as it will cause distorted outcomes that don't mirror the natural market. As the legacy manufacturers get more profit from the higher cost of their ICE range, they will cross subsisies and develop their EV range.


If all of a sudden due to Government EV subsidies, next month 40,000 new cars sold in Sydney are E.V's, that could be challenging for the electrical distribution system, especially if a lot are from a single suburb.

It is imperative the infrastructure keeps pace with the E.V up take, unlike fuel where another tanker full can be ordered, the electrical supply is imbedded into our domestic electrical supply, so an increase in demand isn't as simple as just ordering a truck of extra electricity. It is complex, it is multi faceted and it affects everyone.
Anyway, we will probably have to wait until the next election before Federal EV subsidies come in, so time will tell.


Volkswagen has become the latest new-car brand to ditch the sub-$20,000 market in Australia, increasing the price of the cheapest 2022 Volkswagen Polo city car by nearly $6000 – to $25,250 before on-road costs, or close to $30,000 drive-away.
Due in showrooms in May, the facelifted Polo city car range comprises three variants, Life, Style and GTI – priced between $25,250 and $38,750 before on-road costs, up $5960 when comparing base models, or $5860 when comparing GTI variants.
 
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Agreed, however if the market demands more EV conversions but there aren't enough tradies to fill the demand, then that would require government investment in apprenticeships ? You wouldn't call that a 'subsidy' I presume ?
EVs are coming off production lines in less than a minute, built from the ground up to be EVs.
Conversions are fiddly hodge podges and take weeks.
Simply put, conversions are false economy (unless you are reinvigorating a classic).
Then again, Scomo might be stupid enough to fall for the idea.
 
All of a sudden, due to EV subsidies next month 40,000 new cars sold in Sydney are E.V's, that could be challenging for the eletrical distribution system, especially if a lot are from a single suburb.
I read that NSW will only subsidise the first 25K to register for their $5300 all up subsidies.
As to the grid, a lot will depend on when people are choosing to recharge. From anecdote in this thread it's really easy for Tesla owners to select times when their supplier offers cheapest rates. I don't know what technology comes with the BYD I have ordered but with my typically short trips I would be lucky to need to plug in more than once a fortnight, and then on a weekend.
I think most EV buyers will be savvy enough to work out that recharging in peak hours isn't a smart move.
 
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