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Most ICE cars that age are either falling apart or long retired to the junk yard. They get nowhere near the fuel economy they might have had when they left the
by jillesvangurp 4y ago
Most ICE cars that age are either falling apart or long retired to the junk yard. They get nowhere near the fuel economy they might have had when they left the factory. Also, cumulatively the amount of maintenance, parts, and hours tinkering with the vehicle adds up.
A battery replacement is an economical choice for an EV. You could buy a new vehicle or buy a life extension of another decade plus. That's how long the battery lasts and there's very little else in the vehicle that is very likely to start falling apart. Electrical engines last a long time. Drive trains are much simpler. And parts for that are relatively cheap. So even if the engine were to fail, replacing it would be pretty straightforward and cheap probably.
E.g. a Nissan Leaf battery replacement will set you back around 7000 dollars. A lot of money for sure. But it will last quite long and when there's really nothing else wrong with the vehicle, it's a perfectly rational decision to make. Lots of original Nissan Leafs from 12 years ago are still driving around and quite a few will survive into their second and third decade. As it is one of the older EV models available, that's a great benchmark. We're talking first generation technology. The batteries and drive train were more primitive. Cooling and battery management were not a thing yet. Etc. Just great little vehicles. And a 7K battery doubles their original range (from 20kwh to 40kwh).
- bb88 4y ago> E.g. a Nissan Leaf battery replacement will set you back around 7000 dollars. A lot of money for sure. But it will last quite long and when there's really nothing else wrong with the vehicle, it's a perfectly rational decision to make. Lots of original Nissan Leafs from 12 years ago are still driving around and quite a few will survive into their second and third decade. This is better than Tesla which charges $12-20k + labor + parts to change the battery pack. But $7k is still a big chunk of change. That will set a price cliff on the car. Basically if it is worth $13k, but you're going to need a battery change in the next year, the true price of the car will be worth $6k on the market. Cars that are less than $7k become effectively worthless as the new buyer will be guaranteed to have to replace the battery pack on them. This happens with home sales. Like if a house needs a new roof, the buyers will ask the home owners to discount the price of the new roof off the house. https://www.way.com/blog/tesla-battery-replacement-cost/ https://www.way.com/blog/tesla-battery-replacement-cost/