I wonder what effect this will have on the resale value of second-hand electric vehicles?
So far they have not been performing as well as ICE cars. EV cars, from even three years ago, are seen as technologically behind today’s models, particularly when it comes to battery technology.
Theoretically the second hand EV market should be vibrant in future. EVs have much simpler engines, require much less maintenance when they are older, and should hold their value longer than ICE cars.
SufficientSoft3876 on
I got the cheapest new-ish EV I could last year when someone totaled my car.
I got a 2023 Chevy Bolt EV (no U) for $16k off Carvana. (Carvana isn’t as nice as it used to be…)
Point of saying “cheapest” is that this thing drives like a dream, it feels like I’m on a DisneyWorld ride. The maintenance schedule is hilarious – every 20k miles rotate & check cabin filter, at 150k miles change coolants. (skipped the “check things” mentions). So seeing articles like this really sets the stage for the adoption rate to continue. And if this is a cheap one – how great are nice ones?!
My other car is a Minivan, and I’ll admit it’s the “long roadtrip” comment on still preferring gas. But that won’t last forever either.
cashew76 on
Article says: 195k more miles. Apparently the previous estimate was around 320k miles and now more like 500k miles (38% greater)
Neoliberal_Nightmare on
I’ve known this from electric bikes for a while. The catch is the old battery, while still having good range, is basically weak and slow as shit, and feels like a torture at times.
4 Comments
Submission Statement
I wonder what effect this will have on the resale value of second-hand electric vehicles?
So far they have not been performing as well as ICE cars. EV cars, from even three years ago, are seen as technologically behind today’s models, particularly when it comes to battery technology.
Theoretically the second hand EV market should be vibrant in future. EVs have much simpler engines, require much less maintenance when they are older, and should hold their value longer than ICE cars.
I got the cheapest new-ish EV I could last year when someone totaled my car.
I got a 2023 Chevy Bolt EV (no U) for $16k off Carvana. (Carvana isn’t as nice as it used to be…)
Point of saying “cheapest” is that this thing drives like a dream, it feels like I’m on a DisneyWorld ride. The maintenance schedule is hilarious – every 20k miles rotate & check cabin filter, at 150k miles change coolants. (skipped the “check things” mentions). So seeing articles like this really sets the stage for the adoption rate to continue. And if this is a cheap one – how great are nice ones?!
My other car is a Minivan, and I’ll admit it’s the “long roadtrip” comment on still preferring gas. But that won’t last forever either.
Article says: 195k more miles. Apparently the previous estimate was around 320k miles and now more like 500k miles (38% greater)
I’ve known this from electric bikes for a while. The catch is the old battery, while still having good range, is basically weak and slow as shit, and feels like a torture at times.