{"version":"1.0.0","episode":{"title":"Here's Why EVs Are Depreciating Quickly","url":"http://getcarcurious.com/episodes/here-s-why-evs-are-depreciating-quickly","audioUrl":"https://traffic.megaphone.fm/VERTICALSCOPEINC1383309309.mp3","description":"Hello and welcome to The Truth About Cars podcast! I am Tim Healey, the managing editor, and this week we discuss EV depreciation with analyst Karl Brauer. We also talk about impact wrenches and Cleetus McFarland’s efforts to join the NASCAR circuit.\n\nWe thank Karl Brauer and Matthew Guy for their time, and we thank Matt Posky for editing. Most of all, we thank you for listening!\n\nWe’ll see you next time!\nLearn more about your ad choices. Visit megaphone.fm/adchoices"},"annotations":[{"startTime":15.5,"endTime":20.2,"type":"concept","title":"EV depreciation","url":"/glossary/ev-depreciation","quote":"and this week we discuss EV depreciation with analyst Carl Brower. We also talk about impact\nwrenches and Cleetus McFarlane's efforts to join the NASCAR circuit.","canonicalId":"concept:ev-depreciation","priority":0.9,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"EV depreciation is how quickly an electric vehicle loses value over time. In practice, it’s driven by factors like battery/technology perceptions, changing incentives, supply-demand shifts, and how new EVs are priced versus older ones.","simplifiedExplanation":"EV depreciation just means how much an electric car’s price drops as it gets older. The episode is about why that drop can be faster than people expect."}},{"startTime":94.9,"endTime":106.8,"type":"concept","title":"MSRP","url":"/glossary/msrp","quote":"We go back five years, and we look at the MSRP of vehicles, and then we look at their current value. Now, a lot of people\nare like, well, why do you use MSRP versus,","canonicalId":"concept:msrp","priority":0.9,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"MSRP (Manufacturer’s Suggested Retail Price) is the sticker price a car is launched with. In depreciation analysis, MSRP is often used as a consistent “starting point,” even though real-world transaction prices can differ.","simplifiedExplanation":"MSRP is the price the manufacturer lists for the car when it’s new. The episode uses MSRP because it’s the same reference point across vehicles."}},{"startTime":146.56,"endTime":154.92,"type":"car","title":"Nissan Leaf","url":"/cars/nissan/leaf","image":"https://upload.wikimedia.org/wikipedia/commons/6/62/2017_Nissan_LEAF_%28ZE0_MY17%29_hatchback_%282018-11-02%29_01.jpg","quote":"and compared to their MSRP, the car with the highest depreciation was the Nissan Leaf at 63.1%.","canonicalId":"car:nissan:leaf","priority":0.5,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Nissan Leaf is an early mass-market EV and is often used as a benchmark for EV depreciation. In this segment, it’s cited as having the highest depreciation versus MSRP, illustrating how quickly some EVs can lose value after purchase.","simplifiedExplanation":"The Nissan Leaf is a popular electric car. Here, the host is saying it lost a lot of value over five years, which helps explain why some EVs depreciate faster than expected.","imageAttribution":"EurovisionNim (CC BY-SA 4.0)"}},{"startTime":168.52,"endTime":174.72,"type":"car","title":"Infiniti QX80","url":"/cars/infiniti/qx80","image":"https://upload.wikimedia.org/wikipedia/commons/c/c6/INFINITI_QX80_%28Z62%29_China.jpg","quote":"But that was 63%. The next one was the QX80... because... that car was like 15 years old and now there's a new one out.","canonicalId":"car:infiniti:qx80","priority":0.5,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Infiniti QX80 is a large luxury SUV, and it’s used here to show that depreciation can be driven by product-cycle timing. The segment links its big drop to it being “15 years old” and then facing a new generation release, which typically resets buyer expectations.","simplifiedExplanation":"The Infiniti QX80 is a big luxury SUV. The point here is that when a vehicle is near the end of its life cycle and a newer version is coming, the older one often drops in value.","imageAttribution":"Dinkun Chen (CC BY-SA 4.0)"}},{"startTime":196.2,"endTime":209.5,"type":"car","title":"Volkswagen ID4","url":"/cars/volkswagen/id-4","image":"https://upload.wikimedia.org/wikipedia/commons/0/02/2020_Volkswagen_ID.4_Pro_%28Netherlands%29_front_view.jpg","quote":"But then third was the Volkswagen ID4 lost 62.1%.","canonicalId":"car:volkswagen:id-4","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Volkswagen ID4 is a compact electric SUV, and it’s included among the worst five-year depreciation performers in this segment. Its placement supports the broader claim that many EVs have been losing value quickly in the used market.","simplifiedExplanation":"The Volkswagen ID4 is an electric SUV. Here it’s mentioned because it also lost a lot of value over five years.","imageAttribution":"Dennis Elzinga (CC BY 2.0)"}},{"startTime":239.1,"endTime":249.0,"type":"car","title":"Ford Mustang Mach-E","url":"/cars/ford/mustang-mach-e","image":"https://upload.wikimedia.org/wikipedia/commons/a/a5/Ford_Mustang%2C_Classic_Days_2019%2C_Berlin_%28CDB90099%29.jpg","quote":"The Ford Mustang Mach-E was number eight.","canonicalId":"car:ford:mustang-mach-e","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Ford Mustang Mach-E is an EV crossover, and it’s listed as having significant five-year depreciation. Its inclusion broadens the pattern beyond Tesla and shows other mainstream EVs can also lose value quickly.","simplifiedExplanation":"The Ford Mustang Mach-E is an electric SUV/crossover. The host is saying it also lost a lot of value over five years.","imageAttribution":"Matti Blume (CC BY-SA 4.0)"}},{"startTime":437.4,"endTime":442.0,"type":"car","title":"Toyota Tundra","url":"/cars/toyota/tundra","image":"https://upload.wikimedia.org/wikipedia/commons/8/83/2007-Toyota-Tundra-DC-1.jpg","quote":"Then you had the Toyota Tacoma and [437.4s] Toyota Tundra that did really well. Toyota Trucks, surprise, surprise, great for holding value.","canonicalId":"car:toyota:tundra","priority":0.9,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Toyota Tundra is Toyota’s full-size pickup, and the speaker credits it with strong value retention. It’s grouped with other Toyota trucks as examples of vehicles that depreciate less than average.","simplifiedExplanation":"The Toyota Tundra is Toyota’s larger pickup truck. In this discussion, it’s mentioned because it doesn’t lose value as quickly as many other vehicles.","imageAttribution":"IFCAR (Public domain)"}},{"startTime":444.0,"endTime":447.0,"type":"car","title":"Subaru BRZ","url":"/cars/subaru/brz","image":"https://upload.wikimedia.org/wikipedia/commons/6/6a/SUBARU_BRZ_%28ZD8%29_China.jpg","quote":"[442.2s] Honda Civic was number six, Subaru BRZ 7, Toyota GR Supra 8, Toyota Rev4 9, Toyota Corolla Hatchback","canonicalId":"car:subaru:brz","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"The Subaru BRZ is a sports coupe known for being relatively affordable and fun to drive. In this segment it’s cited as one of the cars that holds value well, contrasting with EVs that depreciate more.","simplifiedExplanation":"The Subaru BRZ is a small sports car. The speaker is saying it’s one of the models that doesn’t lose value as fast as many other cars.","imageAttribution":"Dinkun Chen (CC BY-SA 4.0)"}},{"startTime":512.4,"endTime":525.0,"type":"concept","title":"five-year depreciation","url":"/glossary/five-year-depreciation","quote":"So we looked at just overall vehicle segments and versus kind of the industry average. The industry average for five-year depreciation is 41.8 percent. If you take all cars and average it, they lose 41.8 percent of their value after five years.","canonicalId":"concept:five-year-depreciation","priority":0.9,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Five-year depreciation” is how much a vehicle’s value drops after five years of ownership. The speaker compares the industry average to different powertrain types (hybrids, SUVs, trucks, and EVs) to argue that EVs are losing more value over that period.","simplifiedExplanation":"Five-year depreciation means how much a car’s resale value drops after about five years. The episode uses this to compare EVs versus gas and hybrid vehicles."}},{"startTime":1036.9,"endTime":1042.6,"type":"term","title":"cordless impact wrenches","url":"/glossary/cordless-impact-wrenches","quote":"This week, we're talking about cordless impact wrenches. And the reason why I want to talk about them is that at this time of year, a lot of gear heads are switching over their tires, right?","canonicalId":"term:cordless-impact-wrenches","priority":0.9,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A cordless impact wrench is a handheld tool that uses a hammering mechanism to quickly loosen or tighten fasteners like lug nuts. Compared with a standard hand wrench, it delivers much more effective turning force with less effort.","simplifiedExplanation":"An impact wrench is a power tool that helps you remove and tighten lug nuts faster. “Cordless” means you don’t need an air hose or compressor—just charge the battery and go."}},{"startTime":1052.4,"endTime":1057.2,"type":"term","title":"winter tires","url":"/glossary/winter-tires","quote":"You know, you got to have a really good set of winter tires if you're living in the snow belt in order to be safe and tackle the winter properly.","canonicalId":"term:winter-tires","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Winter tires are designed with softer rubber compounds and tread patterns that improve grip in cold temperatures and on snow or ice. They’re commonly recommended for drivers in snowy regions during the winter season.","simplifiedExplanation":"Winter tires are made to grip better when it’s cold and snowy. They usually have a different tread pattern and rubber that stays flexible in low temperatures."}},{"startTime":1186.1,"endTime":1217.6,"type":"term","title":"cordless ecosystem","url":"/glossary/cordless-ecosystem","quote":"But a lot of these are in the same sort of ecosystem as other cordless tools... So if you got a cordless drill... a lot of them except the same sort of battery, just kind of goes into the bottom of the handle.","canonicalId":"term:cordless-ecosystem","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A cordless ecosystem is a brand’s set of tools that share the same battery platform, so batteries and chargers can be reused across multiple tools. This reduces cost and makes it easier to expand your tool collection over time.","simplifiedExplanation":"Some tool brands use the same battery system across many tools. If you buy one tool, you can often use the same battery in other tools too."}},{"startTime":1210.8,"endTime":1217.6,"type":"brand","title":"Makita","url":"/glossary/makita","quote":"whether it's a brand like Makita or Milwaukee, Ryobi, a lot of those things, you can really grow your arsenal of tools.","canonicalId":"brand:makita","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Makita is a major power-tool brand known for its wide lineup of cordless tools and battery platforms. In the segment, it’s used as an example of a brand ecosystem and is also tied to higher torque models.","simplifiedExplanation":"Makita is a well-known brand for cordless tools. People often choose it because the batteries can work across many different tools."}},{"startTime":1230.3,"endTime":1240.0,"type":"brand","title":"DeWalt","url":"/glossary/dewalt","quote":"And the one that I was using was DeWalt brand. The value of those are pretty good.","canonicalId":"brand:dewalt","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"DeWalt is a major cordless tool brand, and the speaker says they were using a DeWalt impact wrench. The segment frames DeWalt as offering good value for the money compared with pricier options.","simplifiedExplanation":"DeWalt is a popular brand of cordless tools. In this segment, the speaker is saying they like DeWalt because it’s a good value."}},{"startTime":1259.2,"endTime":1269.8,"type":"term","title":"torque","url":"/glossary/torque","quote":"And that's for a reason, because it has a huge amount of torque. I just find that those Makita ones... is really heavy.","canonicalId":"term:torque","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Torque is the twisting force that an impact wrench delivers to turn fasteners. The segment connects torque to performance differences between brands and battery/tool configurations.","simplifiedExplanation":"Torque is the “turning strength” of the tool. More torque generally means it can loosen or tighten stuck bolts more effectively."}},{"startTime":1339.8,"endTime":1381.8,"type":"term","title":"lug nuts","url":"/glossary/lug-nuts","quote":"...especially on lug nuts, you get that... If you're not holding on to it properly, especially if those lug nuts are really, really tight...","canonicalId":"term:lug-nuts","priority":0.9,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Lug nuts secure a wheel to the vehicle’s hub. Proper tightening matters for safety and wheel retention; incorrect torque can lead to loosening, vibration, or damage to the wheel/hub.","simplifiedExplanation":"Lug nuts are the nuts that hold your wheel onto the car. If they’re not tightened correctly, the wheel can loosen or cause problems."}},{"startTime":1485.5,"endTime":1576.22,"type":"term","title":"NASCAR","url":"/glossary/nascar","quote":"Just about every week here on the Truth about Cars podcast, we do some NASCAR chat. Now, just a quick note to our listeners. You may have missed or may have noticed that we missed NASCAR chat last week.","canonicalId":"term:nascar","priority":0.5,"confidence":0.95,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"NASCAR is a major American stock-car racing series known for oval track racing and close competition. It has its own culture, rules, and race-weekend rhythms that many fans follow closely.","simplifiedExplanation":"NASCAR is a popular American racing series where cars race on tracks, often ovals. Fans follow the races and the teams week to week."}},{"startTime":1723.7,"endTime":1780.0,"type":"company","title":"O'Reilly Auto Parts","url":"/glossary/o-reilly-auto-parts","quote":"Like in trucks and now in O'Reilly Auto Parts, I mean, he he acquitted himself really well...","canonicalId":"company:o-reilly-auto-parts","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"O'Reilly Auto Parts is a major U.S. automotive parts retailer that sponsors racing events and series. In this segment, it’s referenced as the venue/series context for Ty Dillon’s and Cletus’ performance.","simplifiedExplanation":"O'Reilly Auto Parts is a big car-parts store chain. They sponsor racing, so you’ll hear their name tied to events and series."}},{"startTime":1735.3,"endTime":1745.2,"type":"concept","title":"brown pants moment","url":"/glossary/brown-pants-moment","quote":"...he did have a brown pants moment, but he certainly he caught the car.","canonicalId":"concept:brown-pants-moment","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"“Brown pants moment” is a slang phrase for a sudden scare or near-mistake during driving—often when the car gets loose, nearly spins, or the driver has to save the situation. In racing commentary, it highlights that even skilled drivers have moments of stress."}},{"startTime":2045.3,"endTime":2051.3,"type":"concept","title":"rookie mistake","url":"/glossary/rookie-mistake","quote":"And again, he might make rookie mistakes, you know, every driver who's new to a series does.","canonicalId":"concept:rookie-mistake","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"A “rookie mistake” is an error made by a new driver in a series—often from misjudging pace, braking points, or how to manage traffic. The key idea is that some mistakes are expected when learning the series’ rhythm and rules."}},{"startTime":2085.8,"endTime":2093.4,"type":"brand","title":"Michael Jordan","url":"/glossary/michael-jordan","quote":"...especially with Michael Jordan being a team owner and his cross sport appeal.","canonicalId":"brand:michael-jordan","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Michael Jordan is referenced as a NASCAR team owner, showing how celebrity involvement can influence a sport’s mainstream reach. The episode uses his name to connect racing with broader pop-culture attention.","simplifiedExplanation":"Michael Jordan is a famous sports figure who’s also involved in racing as a team owner. The point here is that big-name celebrities can help bring new attention to NASCAR."}},{"startTime":2293.7,"endTime":2321.4,"type":"brand","title":"Cletus McFarland","url":"/glossary/cletus-mcfarland","quote":"I remember seeing his Cletus's interview afterwards... And I think that's a good thing... bring a lot of new viewers to the race there at Rockingham.","canonicalId":"brand:cletus-mcfarland","priority":0.5,"confidence":0.93,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Cletus McFarland is a well-known motorsports YouTuber and racing personality whose content often brings attention to grassroots racing. In this segment, the discussion is about how his fame and resources can influence who gets opportunities.","simplifiedExplanation":"Cletus McFarland is a popular racing YouTuber. The conversation here is about how his visibility and money can affect chances for other drivers."}},{"startTime":2344.2,"endTime":2353.7,"type":"concept","title":"go karting","url":"/glossary/go-karting","quote":"But I wish I had the chance when I was young to try my hand at go karting or legends racing or something.","canonicalId":"concept:go-karting","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Go-karting is a common entry point for aspiring racers because it’s relatively affordable and teaches core driving skills like braking, cornering lines, and racecraft. Many professional drivers start here before moving to higher-level series.","simplifiedExplanation":"Go-karting is usually where people start racing. It helps you learn how to drive fast and race with other drivers before stepping up to bigger cars."}},{"startTime":2473.4,"endTime":2479.4,"type":"concept","title":"Talladega","url":"/glossary/talladega","quote":"one of the reasons he ran this race was so that he could run Talladega later on. And it was part of a license.","canonicalId":"concept:talladega","priority":0.5,"confidence":0.9,"source":"hybrid-fuzzy+gpt-5.4-nano","data":{"explanation":"Talladega refers to Talladega Superspeedway, a famous NASCAR track known for high speeds and pack racing. The speaker suggests the driver’s schedule included Talladega later, implying it’s a key event they were working toward."}},{"startTime":2509.0,"endTime":2517.2,"type":"concept","title":"GT Academy","url":"/glossary/gt-academy","quote":"when we were kids, you heard about the Grand Turismo, right? The GT Academy, right? 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