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# EVs Are Not Doing Well
- URL: https://goodoil.news/evs-are-not-doing-well/
- Published: 2026-09-11T00:30:48.000Z
- Updated: 2026-09-11T00:30:47.000Z
- Description: Someone who plopped down $160,000 on an EV is not a Luddite. He tried, and failed, and now wants an ordinary ICE Porsche.
- Author: Reproduced with permission
- Tags: Business, Transport, Technology, Energy

[**Tom Hunter**](https://nominister.wordpress.com/2026/09/10/no-brrrm-brrrms-are-not-doing-well/?ref=goodoil.news)  
*No Minister*

[Man’s $160,000 Porsche Taycan is now ‘worthless’](https://medium.com/@h.pater878/mans-160-000-porsche-taycan-is-now-worthless-as-dealership-refuses-to-take-it-back-bf3c758f1c2c?ref=goodoil.news):

> A man who spent $160,000 on a[ Porsche Taycan](https://www.eimearworld.com/2026/08/mans-160000-porsche-taycan-is-now.html?ref=goodoil.news) tried to trade it in for a used 911 and was told the dealership did not even want it back.  
> …  
> After finally deciding he had had enough, he took the car to be valued and discovered what many EV owners are now finding out the hard way.

He’s getting offers of $35,000, $59,000 and obviously zero in the case of the dealership for a 2021 model. He must have been a believer in EVs because he bought a second, next-generation one in 2025 without trading in the old one. Big mistake:

> This is not a problem with him. It is a Taycan problem, and increasingly it is an EV problem across the board.  
> …  
> Taycan deliveries dropped 49 per cent from 2023 to 2024, falling from over 40,000 to around 20,800\. In 2025, the number dropped again to 16,339\. Fewer people want the car new. Even fewer want it used.

Porsche’s profitability has dropped by an incredible 90 per cent between 2024 and 2025, mainly because EVs are more expensive to build than ICE (Internal Combustion Engine) cars and that cost doesn’t decline even as the sales numbers do.

The article does try to argue that one factor is that EV tech is advancing so fast that people don’t want even a three-year old car, but the truth is that car markets have always relied upon the used sector in order for the whole system to work. It had long been expected that used EV’s wouldn’t sell very well for a variety of reasons; this is just one more, and possibly not as much a negative as the expected life of a used battery.

Across the Atlantic Audi North America are offering lessees of their EVs [a buy-out incentive of up to $10,000](https://www.autoblog.com/news/audi-offers-ev-lessees-up-to-10000-to-keep-their-cars?ref=goodoil.news) for certain models so they can take full ownership of them. That article sells it as being a positive, a deal for people who love their EVs. But it should be noted that this also removes from Audi the burden of taking back an EV at the end of the lease and having to re-sell it – now that’s the owner’s problem.

Meantime in Britain poor old [Jaguar confirms it will slash 4,000 jobs](https://order-order.com/2026/09/07/jaguar-land-rover-confirms-it-will-slash-4000-jobs/?ref=goodoil.news#comments), most of them in the UK.

> *These actions will support continued investment of £15bn-18bn over the next five years in electrification, digital technologies, advanced manufacturing and enhanced customer experiences.*

![](https://talk.hyvor.com/media/website/14037/q49wKeVG7BVoM8twNeX2Q1kZfNwJs22qCgEVcEVN.png)

Yeah, yeah. I covered [their problems a year ago](https://nominister.wordpress.com/2025/07/04/fridays-quick-hits/?ref=goodoil.news#brand-image-jaguar') in the wake of their awful Woke advertising campaign, which, although hilariously cringe, was not as serious a blow as the insane idea to stop making ICE vehicles before the company had fully transitioned to manufacturing their new electric bricks.

![](https://talk.hyvor.com/media/website/14037/MIs0k6QR9dQ9rSw9dqy6S6qL8snYshGR6ARd6ATx.jpg)

Looks like their great turn to being a 100 per cent EV company is not turning out too well.

Of course trying to compete against all those Chinese EVs made with cheap coal-fired electricity while your British factories struggle with expensive wind and solar power, was always going to be challenging in the first place, even before you got to making dramatic changes in your brand that burned off your traditional customers.

A new Jaguar I-Pace electric car costs £70k–80k. The Chinese made electric BYD model that looks much the same costs between £18k–£49k.

It’s the same story in Germany where the vaunted capital-labour cosiness in their manufacturing sector is coming to an end:

The brutal truth is that all these companies are trapped between government mandates massively increasing their energy costs, government mandates pushing them towards producing EVs, and customers who have tried EVs and don’t like them. Someone who plopped down $160,000 on an EV is not a Luddite. He tried, and failed, and now wants an ordinary ICE Porsche.

This article was originally published by [No Minister](https://nominister.wordpress.com/2026/09/10/no-brrrm-brrrms-are-not-doing-well/?ref=goodoil.news).