GLGT... BYD is another Evergrade in the making....

[Itsthatguy]

Byd is pyramid scam. XI going all in on automotive shows he doesn't understand modern economics. His lack of education plainly show here.

The auto industry is a sickle industry. It means some years there are strong sales, some years there are very weak sales numbers. That because cars last for a very long time. Also used cars take away from new car sales.

There are reports that they made it difficult for ICE vehicles to pass annual inspections, trying to force the switch over. Don't know how true.

 

[Ethan_]

So only good for 5 years?

LTA should come up with COE category for EV only 5 years.

Not sure exact. That number was supposed from that 'quoted' insider in the trade.

But doubt the lifespan of battery will be up to 10 years also if really tekan the car. Saw online got put something like up to 10 years or more, or 100k miles or more. Which is about 160k km. But usually that is theoretical, in reality the lifespan is much shorter for many due to usage.

Some more nowadays local the way drive think its not uncommon to see vehicle few years hit 100k to 200k also. So, probably will see some drastic drop in efficiency or failure of the batteries one bah, before the 10 year is up.

Thus think if see the mileage is high for ev. High risk of battery change needed. Will have to really consider slashing the price drastically if want to buy it as used car. Cause if need to change the whole set of battery, maybe buy new car better. If its a former phv car, then probably a big no to buy, cause mileage will be scary.

Even if the battery can last the 10 years of COE. After that think is straight to scrap also. One time use. As more likely a change of batteries is required, and it not one or two, but safer to change the whole set inside which think maybe cost tens of thousand also not surprising bah.

 

[PaulLevesque]

Build your dream

 

[byfun]

TBH if EV cannot succeed in SG where got infra and govt support....i doubt it can succeed anywhere else

Obviously u know nothing about EV pricing in sg. Did u know the road tax is very expensive and will get more expensive ?

What if even 30 to 40% of car is EV in SG and you dont live in landed ? You know hdb charging point take 8 to 9 hrs to fully charge ? Do you know if u live in landed and charge the rate is cheaper than hdb charging rate ? It mean when EV is popular in SG, gov can suka charge for more for ev charging rate becos 90% of sinkies dont live in landed.

In SG unless u drive a lot getting an EV is not cheaper plus u cannot go msia to pump cheap fuel.

Of cos now BYD with their competitve pricing vs ICE the savings quite huge compare to ICE car. Just their Atto3 $170k.. while a similar grade ICE car of at least $210k. Its a 40k difference minus off the ex road tax for 10 yrs still got 30k difference. But trade off you have to consider esp charging time.

So it depend on one needs and usage pattern ..etc.

Everything is about dollar and sense in SG and unique to SG due to gov tax structure on cars... if the conditions are even more favourable for EV and lower pricing more sinkies will also buy EV just purely for price value.

 

[Level42]

EVs are alot heavier than ICE vehicles......means they wear down road surfaces alot more than ICE vehicle per km travelled.....hence higher roadtax is justified.

EVs can’t be heavier than dump trucks right ? By this argument of road damage, dump trucks, buses and trailers should pay higher road tax.

 

[Medicated Oil]

Maybe they can give it for free to their residents.

 

[bakuten]

Obviously u know nothing about EV pricing in sg. Did u know the road tax is very expensive and will get more expensive ?

What if even 30 to 40% of car is EV in SG and you dont live in landed ? You know hdb charging point take 8 to 9 hrs to fully charge ? Do you know if u live in landed and charge the rate is cheaper than hdb charging rate ? It mean when EV is popular in SG, gov can suka charge for more for ev charging rate becos 90% of sinkies dont live in landed.

In SG unless u drive a lot getting an EV is not cheaper plus u cannot go msia to pump cheap fuel.

Of cos now BYD with their competitve pricing vs ICE the savings quite huge compare to ICE car. Just their Atto3 $170k.. while a similar grade ICE car of at least $210k. Its a 40k difference minus off the ex road tax for 10 yrs still got 30k difference. But trade off you have to consider esp charging time.

So it depend on one needs and usage pattern ..etc.

Everything is about dollar and sense in SG and unique to SG due to gov tax structure on cars... if the conditions are even more favourable for EV and lower pricing more sinkies will also buy EV just purely for price value.

it's all about the infra.
you can have cheap EV if no infra also LLST.
SG's EV infra is as gd as it gets.
and as you have described....is still woefully lacking.
so....imagine how it is like in other countries.

 

[bakuten]

EVs can’t be heavier than dump trucks right ? By this argument of road damage, dump trucks, buses and trailers should pay higher road tax.

yeah, but dump trucks accomplish commercial purposes, where the companies already pay corporate taxes.
whereas most EV main purpose mostly still private usage.

 

[Level42]

yeah, but dump trucks accomplish commercial purposes, where the companies already pay corporate taxes.
whereas most EV main purpose mostly still private usage.

If they damage the roads more, they should compensate accordingly. That is if road tax is really for roads. The reason given for EV $700 AFC is

Full EVs are charged an Additional Flat Component of S$700 on top of the annual road tax, to partially cover the fuel excise duties paid by equivalent internal combustion engine vehicles.

In another words, the high EV road tax is unjustified.

Source: https://www.channelnewsasia.com/tod...charger-infrastructure-costs-big-read-4477561

 

[bakuten]

If they damage the roads more, they should compensate accordingly. That is if road tax is really for roads. The reason given for EV $700 AFC is



In another words, the high EV road tax is unjustified.

Source: https://www.channelnewsasia.com/tod...charger-infrastructure-costs-big-read-4477561

perhaps can justify saying govt $$ used to install those charging stations ba?

 

[raintr33]

i stlil went n invest in their stocks...........

Bro, you buy hkse or sgx depository?
This could be a good entry price to consider.



Read HWZ Forum Rules!

 

[Medicated Oil]

Build your dream

More like -
Buy Your DOOM.

 

[Itsthatguy]

Same as my group of acquaintances. All praising tiong EVs and planning to change to tiong EVs. Got one guy been saying want to change since maybe 2 years ago but until today still talking nia

Maybe that's why your friend is still alive

 

[Jirachi]

All made in China.

So is hard to tell. ESR brand also still around actually. Just not that battery. Bought Dec 2023

So far I also have INIU and ANKER. Ok so far.

ESR seems fine to me. It’s among the Anker, UGREEN, Aukey in no particular order

 

[cyke69sg]

ESR seems fine to me. It’s among the Anker, UGREEN, Aukey in no particular order

Well it was the ESR battery that caught fire for me.

 

[rodimus_prime]

More like -
Buy Your DOOM.

or Buy You Die…

 

[kgluong]

Think the danger is in the subsidy given to businesses to push certain market. If not carefully vetted. There will be loophole(s) where businesses can make use of to skirt around it without seriously producing any concrete result. Thus giving false impression of success. Its not that uncommon in many places.

Vaguely reminded read story about last time how one ang-mor brand grow big on failures. Cause think the ang-mor ruling try to boost the economy of sort, thus give money for businesses set up. Therefore think its goes something like that brand expanded at a rapid rate using the money the ruling given from the past businesses to set up the next. Without really needing to come out much money of own. So, even if the business wasn't good at first, the expansion sort of pushed the brand up also. That was how the brand gain success initially of sort.

See local the lifelong learning thingy. Think there is not short of story about how people just set up lame courses to get to that money. But impression from many comments, seems like they don't really give as much value to the learner.

The problem is the CCP and Xi has no experience and education running capitalist business. Anything they think is shiny they throw money at it. EV and AI are two examples of the lack of education and experience the CCP have in those fields. It's why over 30 millions Chinese died when the CCP great leap forward which was more like a great leap backwards.

The car industry is sickle. It means no countries can support 500 car manufacturers. It means good year is when there a high numbers of cars that their owner need to replace. In bad years there are a lot of cars running well.

Xi picked the wrong industry. Instead of giving tax incentive to Chinese car buyers, he gave the money to car manufacturer. The more car the manufacturers produce the more money they get from the Chinese government. That basically destroyed China car industry. It also shows the lack of education and corruption in the Chinese government.

Tesla rapid grow was due to tax incentives for buyers and not for EV manufacturers. Consumer get iirc $5,000 or $10,000 tax credit for purchasing an EV. This prevented car manufacturers overproducing. The subsidy went to the consumer and not the car manufacturers.

 

[cyke69sg]

The problem is the CCP and Xi has no experience and education running capitalist business. Anything they think is shiny they throw money at it. EV and AI are two examples of the lack of education and experience the CCP have in those fields. It's why over 30 millions Chinese died when the CCP great leap forward which was more like a great leap backwards.

The car industry is sickle. It means no countries can support 500 car manufacturers. It means good year is when there a high numbers of cars that their owner need to replace. In bad years there are a lot of car running well.

Xi picked the wrong industry. Instead of giving tax incentive to Chinese car buyers, he gave the money to car manufacturer. The more car the manual produce the more money they get from the Chinese government. That basically destroyed China car industry. It also shows the lack of education and corruption.

Tesla rapid grow was due to tax incentives for buyers and not for EV manufacturers. Consumer get iirc $5,000 or $10,000 tax credit for purchasing an EV. This prevented car manufacturers overproducing. The subsidy went to the consumer and not the car manufacturers.

Very good points.

Strange that China a communist country being so capitalistic and only giving money to cooperations. Irony.

 

[kgluong]

Flood the market with products using other people money, and individual/s control the OEM parts supply after company toh. Text book based, happens everywhere.

Yep and it destroyed Chinese auto industry. Chinese consumer will buy used 0 km BYD EV ten years from now. They won't buy new Chinese made cars. Chinese will still buy foreign made cars because there not many in the used market

US and Western manufactures doesn't over produce. They use "just in time manufacturing" which prevents over production and waste. The system was developed by Toyota and saved lots of manufacturers from different industries from going bankrupt.

 

[kgluong]

Very good points.

Strange that China a communist country being so capitalistic and only giving money to cooperations. Irony.

Yeah it's ironic.

What you really want is to give money to the consumers so it benefits both the consumers and the sellers.

Tesla is in the top 10 biggest corporations in the world. 9 out of the top 10 are US corporation. The top 9 US corporation is bigger than the entire Chinese economy.

https://companiesmarketcap.com/