Cheap, pre-owned EVs are about to flood the market. Is that a good thing?
Cheap, pre-owned EVs are about to flood the market. Is that a good thing?
The electric vehicle market could get a huge influx of cheaper cars — but not fresh from the factory. In its latest EV intelligence report, consumer research firm J.D. Power projects that a massive amount of EVs returning off leases in the US will provide a large supply of EVs for sale.
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A used EV sound like a great deal. For one they tend to depreciate a lot. But on top of that it looks like there is a lot less risk to buy something that wasn't properly maintained and/or beaten up, since EVs are much more idiot proof in those aspects.
Depends on how much mileage the battery's had, as replacing it can double the range but also cost of the used car.
Edit: they're better than I thought! I expected 80% after 500 cycles, like phones, but they're closer to 90% after 3000 cycles!
More recent research on batteries in EVs is showing that the batteries will outlast the cars. Whether you realize it or not, you are spreading misinformation from the oil and gas industry.
https://cars.usnews.com/cars-trucks/advice/how-long-do-ev-batteries-last
That's not quite what the articles say.
The truth is that today's EV batteries will inevitably need replacing in the future.
But yes, they show that batteries last longer than I expected. I imagine the light use by my European family will cover 2 decades if the battery has at least 300-km range.