Video Summary
Here is the requested summary of the video:The Porsche Taycan has become infamous for heavy depreciation.
Porsche has announced that the all electric 718 Boxter/Cayman is in production.
Sales of all-electric cars have been rising exponentially.
Porsche’s change to predominantly electric has shaken the industry.
Governments now require companies to go all-electric soon.
Electric car sales are not where they should be, resulting in an equation where 2+2 does not equal four.
Governments and media have created a confusing and misunderstood perspective on electric vehicles.
A Tesla is very different to drive from a sports car.
A Porsche Taycan Turbo S cost £159,563.
To fuel a V12 Ferrari costs £1.50 a litre, getting four to five miles.
High tax breaks, especially in London and Norway, are a factor to electric car buying.
High end EV's of recent years are plummeting off a depreciation cliff.
There are multiple tax breaks for the wealthy to buy electric and write them off as businesses.
These tax breaks will eventually be cut, because they are not designed to last.
Manufacturers are spending billions on research for electric cars that are not being bought in required quantities.
This makes the expensive write off harder to justify as a business.
Engine improvements and technology have been stifled over the last couple of years for combustion engines, but no one knows the next step.
The Porsche GT cars have some crazy depreciation.
Many people buy these cars to get on an allocation list.
A Porsche GT car has limited allocations. If you don’t have a relationship, you won’t get it.
The cheapest Porsche Taycan Turbo S on AutoTrader is £57,950.
With only 6,500 miles, the Porsche Taycan sold after 18 months for £138,000, a loss of £21,563.
The loss would have been £100,000 if the car had stayed with the owner.
Many fear battery degradation and a large potential replacement cost.
As more people buy Teslas, the lower they lose value.
High end used EV's are flooding the market as ICE cars can now be resold at lower prices.
