> 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 not

> 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/