6 ms·

Probably more than a "few" I think that you will be looking at 5-7 for the cars to fall to under a third of new value. Although that depends on your definition

Probably more than a "few" I think that you will be looking at 5-7 for the cars to fall to under a third of new value. Although that depends on your definition of "a few"* I guess. * https://www.grammarphobia.com/blog/2010/05/how-much-is-a-few.html https://www.grammarphobia.com/blog/2010/05/how-much-is-a-few...

davidwren 7y ago
Conventional wisdom seems to be that at best electric cars will depreciate at the same rate as ICEs or at worst their values will fall off a cliff, the reality is very different, at least in the short run * obviously this will change as production of newer cars ramps up. * https://fullycharged.show/blog/surprisingly-positive-news-on-electric-vehicle-depreciation/ https://fullycharged.show/blog/surprisingly-positive-news-on...
- anentropic 7y ago
  The thing I'm curious about is how they will age I would guess the mechanical components, motors etc will potentially be more reliable than ICE But I worry about the batteries, if my laptop is anything to go by it seems like they will eventually die and will be expensive to replace
  - bluGill 7y ago
    Today's ICEs are very reliable and generally outlast the car body - assuming your follow the maintenance schedule. All the wear on the body will be the same: pot holes, salt, accidents... Motors won't have nearly as much maintenance (you still need to lube bearings), but the car will die based not on the method of motor power in most cases even if you don't do the maintenance. Batteries are a worry. Price has come down, but used electric cars are very cheap compared to the ICE cars because of this very reason. Until the market figures out how to replace the batteries at scale, and then buyers figure out how to account for the battery this will not change.
pjc50 7y ago
Used Nissan Leaves seem to fall off a cliff. 2016 ones are already visible on ebay for under £10k.
- Gibbon1 7y ago
  Yeah they have two things not going for them. Limited range and battery degradation issues. Also EV's tend to have rebates and tax write offs that reduce their actual purchase price significantly. Which probably also depresses resale prices.
- serpix 7y ago
  Not having thermal management on the batteries does not work for an EV.

davidwren 7y ago

Conventional wisdom seems to be that at best electric cars will depreciate at the same rate as ICEs or at worst their values will fall off a cliff, the reality is very different, at least in the short run * obviously this will change as production of newer cars ramps up. * https://fullycharged.show/blog/surprisingly-positive-news-on-electric-vehicle-depreciation/ https://fullycharged.show/blog/surprisingly-positive-news-on...

anentropic 7y ago
The thing I'm curious about is how they will age I would guess the mechanical components, motors etc will potentially be more reliable than ICE But I worry about the batteries, if my laptop is anything to go by it seems like they will eventually die and will be expensive to replace
- bluGill 7y ago
  Today's ICEs are very reliable and generally outlast the car body - assuming your follow the maintenance schedule. All the wear on the body will be the same: pot holes, salt, accidents... Motors won't have nearly as much maintenance (you still need to lube bearings), but the car will die based not on the method of motor power in most cases even if you don't do the maintenance. Batteries are a worry. Price has come down, but used electric cars are very cheap compared to the ICE cars because of this very reason. Until the market figures out how to replace the batteries at scale, and then buyers figure out how to account for the battery this will not change.

pjc50 7y ago

Used Nissan Leaves seem to fall off a cliff. 2016 ones are already visible on ebay for under £10k.

Gibbon1 7y ago
Yeah they have two things not going for them. Limited range and battery degradation issues. Also EV's tend to have rebates and tax write offs that reduce their actual purchase price significantly. Which probably also depresses resale prices.
serpix 7y ago
Not having thermal management on the batteries does not work for an EV.