SIXT ditches Tesla cars for BYD in its electrification push citing abysmal depreciation and repair costs - NotebookCheck.net News
SIXT ditches Tesla cars for BYD in its electrification push citing abysmal depreciation and repair costs
This article is more about how insane the EV market was during covid than anything else.
They're discussing how a Tesla ordered in 2022 has had its price cut by 30% in the last year. Most people here are probably aware of Tesla's massive discounts since their covid peak.
EV depreciation is also a weird topic on the whole. I bought an EV in the last year and received a 7500 tax credit. To make the numbers round let's say I bought a 50k ev. That's the price that gets reported. If I were to sell that car today I'd get around 45k for it. That's a 10% depreciation in the first year
However, with the tax credit I effectively paid 42,500. If I sold the car today I would make 2,500. The sales records don't include the tax credit in either of those transactions.
Tesla cutting their prices massively did hurt companies or people who paid pandemic prices. That said, arguing EVs should be more expensive is ridiculous. They should be as cheap and as plentiful as possible.
FUCK OFF !
As if a rental company give a flying toss about depreciation !
Idk, but until the infrastructure is more solid, fuck renting an EV. Most of the time, you're in a foreign place, so God knows where the chargers are. To top it off, you're typically spending your most cherished time when renting a car... Your vacation time. No one wants to spend up to 4 hours of their vacation charging an EV. If a rental car agency offered to "upgrade me to a Tesla at no extra cost, I would politely decline.
so God knows where the chargers are.
You don't need religion, just use the maps. They'll take you right there, even when you don't know the way. Maps aren't new, and GPS is commonplace.
No one wants to spend up to 4 hours of their vacation charging an EV.
WTF EV takes 4 hours to fast charge? And if you're charging on Level 2, it's because you've parked somewhere you're already stopping so who cares how long it takes. This point makes it sound like you don't really know about electric cars.
Edit: Just a couple links from a single site showing resale values, several of which are seriously skewed based on real world data collected by Tesla fans.
Popular brands: https://caredge.com/ranks/depreciation/popular/5-year/best
Luxury brands: https://caredge.com/ranks/depreciation/luxury/5-year/best
Scroll down to the long list of models on these pages, and compare Tesla's best resale price of around 74%, then look at the popular vehicles. You're down at number 86 on the list before you reach the resale value of a Model X, which is the lowest production Tesla that there is.
And here's a list from 2023 showing not great resale prices at all. https://www.iseecars.com/cars-that-hold-their-value-study
My guy, not everywhere has fast charging readily available. Take for instance, Kauai which as of my last visit when I almost rented a Tesla had 0 superchargers. I know plenty about EV's. You're not guaranteed to be staying at a place that has charging, and if you do, they could be all taken up, and then you have to waste your time scoping it out to see if it's open. Let's also add that they probably want you bringing back a full charge like they do a full tank for an ICE vehicle. A 5 minute stop for gas before getting on a plane is nbd. Waiting 30 mins for a supercharger (or more if they're all taken)(or even more for a slow charger) on the day you're going to go wait in security, wait for the plane to board, wait on the runway, and then get on a plane for 5 hours is not something I am willing to do. When I go on vacation, I'm not trying to add chores to my day. It's simply not practical for a rental car. Also, I like to rent cars for long trips. I have no desire to add 30 mins or more depending on how many stops I need to make to charge along the way. I want to spend the least amount of time in the car as possible. I work remote, and drive a hybrid. If I still was going to the office, I'd probably be in an EV by now. It was my plan 5 years ago, but I'm not driving every day, and it's wasteful to just get rid of a fully functioning car that I barely drive to begin with.
Why would you wait with the car while it charged? Also why would you try and charge it to full?
Someone who doesn’t know how EV work and doesn’t use a smart phone to look things up like chargers.
Tesla’s depreciation is almost identical to that of every other car model
Not at all. You might be okay with how fast yours depreciated, but that doesn't mean it's in line with other brands.
And BYD is a newcomer
They aren't- They've been making cars since before Tesla was incorporated. And they make more BEVs than Tesla, more battery cells than Tesla, and tesla uses BYD cells in some of their cars.
Just say that you don’t like Teslas
Okay. I liked my Performance Model 3 for the first 9 months, then it had serious problems. By the time I traded it, I hated it.
and/or Elon Musk
Great. Musk is a piece of shit. That's secondary, but still related to how abysmal Tesla's repair shops are, how few there are, and how long you need to wait for parts.
or that China is giving you money.
I wish. Yo, China. I'm willing to take money, and in exchange I'll promote BYD as an EV brand. If anybody in China with the authority to make this happen, DM me for wiring instructions. $500k USD a year, access to engineers internally so I can ask questions, and we've got a deal.
If you bought a Tesla during the peak of covid prices, the depreciation has been pretty brutal. (Edit Although i imagine its brutal for other vehicles as well.)
I'm not sure what people were expecting there though. Those prices weren't exactly natural.
I don't think outside of that event, theybe been as bad as they're made out to be.
BYD isn't exactly better... But I guess this will be cheaper. You lose out on the really handy supercharging network tho... Don't know how this will work out...
Supercharger is much less important outside the US where companies are actually building charging networks.
They’re rental cars. They don’t care how customers charge them. They get bonus penalties if you bring them back with less charge than when you picked them up.
Yeah, outside the US, all of us in Europe use CCS2 for DC fast charging, and Tesla stations are like all other brands, open to whatever car shows up.
Are BYD not switching to NACS like the rest of the automakers?
Its safe to assume sixt will probably use BYD cars outside of the US. Not sure why Americans think everything revolves around them.