Video Summary
- Audi E-tron GT EV reportedly caught fire at a US dealership while undergoing servicing. Firefighters contained the blaze; however, lithium-ion batteries can be nearly impossible to extinguish, especially with thermal runaway. Damaged EV batteries may need to be quarantined, posing challenges for service facilities.- Tesla Model 3 is leading the ongoing plunge in used EV prices.
- Used EV values have fallen by 25% in the last year. Gasoline prices, by contrast, have only fallen 4%.
- EVs are selling faster than a year ago, suggesting price drops have increased demand.
- Used EV prices have fallen four times faster than hybrids and six times faster than gasoline cars, losing 24.7% of their value over the year, compared to 6% and 4.4%, respectively.
- Californians are becoming 'ashamed' to drive Teslas due to a shift away from its climate-forwarding appeal.
- Tesla sales in Silicon Valley have fallen 22% in the first six months of this year.
- Labour's proposed ban on petrol cars in the UK may be pushed back from 2030, potentially allowing hybrids until 2035.
- Second-hand electric car prices are falling at a faster rate in the UK. EVs are losing value at an unsustainable rate.
- Fleet operators are having to swallow large losses because of accelerated depreciation. Used EVs are worth about £17,500 after 3 years versus £30,000 for petrol and diesel-powered cars.
- A driver in the Netherlands had an unexpected acceleration event in his electric VW ID.7 and crashed his car into another vehicle.
