The Expert Podcast

…Okay By now everybody's seen the news where the state of California. Is looking to ban sales of gas powered cars Basically everything has to be electric vehicle has to be an E V. And there's more to it than just. California because you might think what California is only one state. I don't live in California It's not going to affect me Well, Let's take a look. Even though California is technically one out of 50 states. It represents about 15 to eight P 18% of the automotive Beale market So when manufacturers build vehicles they have to make sure they keep California in mind. Because it's a larger than average share of the national vehicle. sales market. In addition there's other states that are doing this the state of Washington has already announced that they're doing this So now you add those two together. There's four or five other states that have either announced they're going to phase out gas powered cars that have either announced they're going to phase out gas powered cars within the next, you know few years 2030 some of them have put in place. Or they're expected to do so very very shortly. If you add up all of the states that have already either announced or certainly will you have about one third of the population of this country living in a state. Where gasoline vehicles will no longer be eligible to be purchased In fact, Some states I will not even allow you to register them in the state of Washington The law says not only can you not buy them but you can't even register them If you already own one, when this law passes, your registration will be rejected when you try to renew it. California It seems we'll let you keep your gasoline car that you already have. It's unclear whether you'd be allowed to buy one in another state and bring it into California. But the writing's on the wall right Electric vehicles writings on the wall, right Electric vehicles are being, shepherded in as a requirement where gasoline vehicles won't be. Look at this point if the states pass these laws, even if. The manufacturers are you as a consumer want a gasoline car It might even be impossible. Because manufacturers aren't going to build. Cars, which are essentially illegal. In a large part of the country. And in addition they're not going to build parts. For cars. That are being phased out So if you have a 10 year old car or five-year old car that needs parts. You know, 10 years from now you might not be able to get parts. A lot of people think well I'll just keep my gas car forever and keep driving it. Good luck with it. You might not be able to continue to maintain that car. In operating condition. If parts aren't available, even things like computer chips. Or electronic parts or. Or electronic parts or collision parts What if the car gets crashed and you need a fender and there are no fenders. Right What if the brakes were out and you can't buy brakes? So you might think well maybe I'll just bite the bullet and buy an electric vehicle Well not so fast at the same time This is happening. Evie prices are going up. According to this article from the verge electric vehicle prices are going up In fact Ford announced. today for a lot of vehicles they're increasing their prices between six and $8,000 for electric vehicles due to what they call production. cost increases. So what does this mean What does it mean for you as a consumer? For the market for the industry. Let's first start with. What are your comments? If you are a consumer? What are your thoughts on the fact that electric vehicles may not be a choice anymore Maybe a requirement. And you might think I'm not in California and live somewhere else. What if your state decided to do the same thing? What if the market realities. Made it so that you couldn't find a gasoline vehicle the manufacturers are not making gasoline vehicles. are you prepared to live a life with electric only vehicle? do you have the capability to charge it? Does your transportation usage? Make…driving long distances require. Extended range. Are you in the automotive industry Are you repair shop? Are you prepared? for. The transition to electric vehicles. Does your shop have the right technology to repair and fix these vehicles? In fact, Our third party repair shops even going to be a thing. Electric vehicles. Might be dealer only repairs Think about this. If you have a cell phone or a computer Most of those things are under warranty or the repairs are done through a download. Or only at the authorized retailer, it may be that third-party repair shops aftermarket parts. You know local garages are not really even needed anymore. Because everything's electronic there are no mechanical parts. Is that industry kind of fade away…What about collision? Repairs Well…Collision of an…Evie, maybe more than just sheet metal. In most cases, the floor pan of a car with basically the underneath of a car. Gets damaged and almost every collision even light impacts damaged the floor pan. That's where the battery is. If the batteries damage that's more than just sheet metal repair that's a mechanical. Item that may have to go back to the dealer. What about. Dealers themselves. Are you in the automotive retailing industry car dealerships. What is this going to do for. The future of automotive retailing. Is it going to change how you run your dealership? What about used car lots? We'll use cars. Be will it be practical to buy and sell used electric vehicles…A five-year-old electric vehicle might have more than a hundred thousand miles. Now your battery is out of warranty Most. Manufacturer's warranty the battery for. Eight years or a hundred thousand miles. Well some people hit a hundred thousand in five years That's only 20,000 miles a year Many many people drive more than 20,000 miles a year. So in five years if that battery is out of warranty, does that make the car worth anything? Is it worth even buying or selling these cars? Because the battery. If it costs $15,000 $18,000. is a five-year old car even worth that. To replace a battery, right. So tell us what your thoughts are This is all brand new This is a new world a new era, all new information. We'd like to hear your feedback on what you think about the transition to electric vehicles. And what these new laws changing…mean for you? And what opinions do you have about this?