The Barefoot Investor Says Chinese Electric Vehicles Will Take Over Australia
the most famous investment advisor in Australia by a long shot. He’s easily the most famous investment analyst guru called the barefoot investor. He’s weighed in to the global automotive industry EV disruption race and he’s saying something which is fascinating. I’ve never really thought about it like this before. You’ve got to hear what he said because it might change your way of looking at things. When you go right to buy your electronics, your TVs, your music systems, your whatever it is, you go to your local store, right? And a lot of the brand names you probably never heard of 20 years ago. Well, he says that’s what’s happening now. That actually EVs will take over. They’re getting better every year and cheaper every year. And the companies doing this, making this happen, are the Chinese brands. Therefore, they will be the future. Hello, my friends. Welcome to the channel. I’m Sam Evans. You’re watching the Electric Viking. If you get value from the channel, please subscribe or support the channel by clicking on the link in the description to become a YouTube member. Thanks for your support. Here in Australia, uh, EVs have just hit their biggest sales month in history. and the barefoot investor Scott Pap he’s delivered a warning to legacy automakers and really he’s saying actually this is the future by recorded its best ever month of sales in Australia. Tesla had a great month as well actually and the Chinese brand is now selling more cars in Australia than Tesla and in fact it’s actually selling more cars than Kia and Mitsubishi too. That’s only going to increase as well. As more customers buy them, buy these cars, they’re going to get used to it. More people, basically, more people will feel confident to buy one, too. Pape’s warning was sparked by his father buying a new car. He said to his dad, “Okay, Dad, you got to buy a new car. Um, here’s my advice. Buy a Tesla Model Y or something like that.” his dad being an older gentleman and more afraid of change uh he said he wasn’t a fan and he wasn’t didn’t want to do it. He said it’s not practical to buy an EV. Um where is he going to charge it uh at his house at a charging station? How much would it cost to fix? Uh not lot a lot to fix. And what would it be worth in a few years? Well, obviously you can say exactly the same things to an internal combustion car, can’t you? Anyhow, Pabe said cars have always been a terrible investment. You don’t buy a car as an investment. I mean, unless it’s actually a work truck, it’s not an investment. So, get that idea out of your head, Dad. And EVs, he also said, EVs just let you feel morally superior while you do it. They also let you save a lot of money. Cars are a depreciating asset, though, and that means they decline in value over time. That’s inevitable. There’s nothing you can do. But you can do one thing and that is get rid of having to pay for petrol, gasoline or diesel. So he also mentioned this cheap electric cars from China are flooding the market and they are. They’re going to take over the market said P. And prices are only going one way. In China, the world’s biggest EV maker recently slashed its local car prices by 34% overnight, said P in his weekly column. Now that’s not actually accurate. It was between 11 to 34% for I think 22 different models, but they have a lots more than 22 models. So, they slashed the prices by between 11 to 34% for 22 models, not for everything. He goes on, I grew up choosing between a Ford or a Holden, okay, and Toyota and Mazda. I’m convinced that for my kids, cars will be like shopping for a TV at JB Hi-Fi. lots of weird sounding Chinese brand names that get better and better and cheaper and cheaper every year. In other words, it’s an electric race to the bottom with no one at the wheel. Now, I guess um he has a point. I don’t agree with everything he said, but it’s a race to the bottom. There’s no question it’s a race to the bottom. And you can see the price war going on in China, that’s being replicated here in Australia. And that will heat up over the next few years as more cars go on sale here and more market players, more brands are coming to Australia as well. The cheapest EV for Australia in Australia right now is $30,000. It’s cheaper than a Toyota crawler. That’s $20,000. Yeah, actually, actually less. It’s about $19,000 and it’s actually quite good. It’s a BD Dolphin. There’s a range of other cars around that price as well. There’s got to be more and more of them coming. um you know by 2030 there’ll be the cheapest cars in Australia to buy won’t be internal combustion they’ll be EVs. RSV said that these uh confidence in EVs was lacked because of doubts over owners ability to find qualified EV technicians and concerns about the viability and safety of secondhand EV parts. Do those things sound real to you? Qualified EV technicians to do exactly what I don’t know. um and concerns about the viability and safety of secondhand EV parts. Why would you buy secondhand EV parts? Just buy new EV parts if you need new EV parts. I mean, I don’t really get that. Obviously, car warranties um minimum 5 years these days. Some of them are 10 years. Anyhow, BYOD, they just recorded their best month of sales in Australia in June and more than they delivered more than 8,000 vehicles, which was growth of 368% versus June last year. That’s just wild. That means that um not that far to Toyota. Toyota sold 20,000 cars. They have a bit of a monopoly on the car market in Australia, but Toyota had 15% market share in Australia. The same month last year, Toyota had close to 20% market share. So these Chinese brands, yeah, they are taking market share from Toyota. There’s no question about that on a statistical basis. I mean, put it this way, Ford second in Australia. They sold 10,000 cars. BD sold 8,000. Give it another year, B is going to be second in Australia. I don’t think there’s any question about that. Mazda was 9,400. Hyundai was 8,400. Basically, they equal Hyundai. So driving be’s growth is the launch of the beard shark which has become one of the bestselling utes in the country behind the Ford Ranger and the Toyota Hilux. The Shark I think when they give it 3.5 ton towing and potentially upgraded a little bit, put some locking diffs on there, I think it’ll be the bestselling ute pickup truck in Australia. Build are very aggressive. They’re willing to sell at prices well below their rivals. And let’s be honest, the vehicles are pretty good, too. The car retails for $57,000, right? That means it’s like nearly $30,000 cheaper than the Ford Ranger plug-in hybrid, which has a quite a small battery. With each month, you can see just how popular BD vehicles are becoming in Australia be because you can see them on our roads, said BD chief operating officer Steven Collins. As we can transition to a fully factory-backed operation, we commend the foundation blah blah blah. Okay, marketing speak. But yeah, let’s be honest, guys. The automotive industry is heading in only one direction, and that is to being EV only eventually. In Australia, it’ll take longer, but Europe and China will be EV only within 10 years. Plug-in hybrids, all those, they’re going to disappear. There’s no purpose to having a plug-in hybrid. When you’ve got a battery that can deliver you all the range you need when you you can get 600 miles of range or 1,000 km of range from an EV battery, and it’s affordable, there would be no reason for internal combustion or plug-in hybrids or any kind of hybrid. whatsoever. So the future of the automotive industry that includes Australia is fully electric. Now if the future of the automotive industry is fully electric, here’s the problem for legacy automakers, Toyota and all those big brands. They don’t make a profit selling EVs, right? And the Chinese, well, they make EVs at much lower cost than legacy automakers. They have dedicated massive production facilities, very efficient. Their workers work incredibly hard and therefore they have huge advantages. How can you compete with that? And that’s the point that Scott is making. The barefoot investor is saying you can’t compete with them. That’s why it’s inevitable as they get better and cheaper, that’s where the market will go. Now, will it look like JB Hi-Fi? Probably not, but the analogy kind of makes sense. Let me know your thoughts in the comments. Bye-bye. [Music]
The Barefoot Investor Says Chinese Electric Vehicles Will Take Over Australia
Tesla’s dominance in Australia is waning as Chinese-made EVs—especially BYD—rapidly gain market share. Tesla’s brand conversion rate in Australia dropped from 44% to 31%, while BYD now tops with 63%, signaling a major shift driven by affordability, variety, and high-tech showrooms.
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👇Reference to the news/charts & videos used in this video:
https://au.finance.yahoo.com/news/electric-vehicle-warning-as-byd-records-biggest-month-of-sales-in-australia-race-to-the-bottom-235305809.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALpwtnm_iMfotNwZwD70ciLHOZLwU_VndLBMN9nA2ZN99nFg8K6X_mMxBvIavReZ3n3hHfyOsx9DwsfxIw6lO_GdFl2Gytt8vUmyj_Jb3ijCozaY0A65FhrCipgqMiZ4OtaGeJNv82ZPdRrgV40WqtR53ph1a60svW9AG7_ciZti
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