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Will it grow? If the battery packs are trash, there wont be an affordable used car market, as no one is going to drop $10k to replace the pack in a used car.
by nickthegreek 3y ago
Will it grow? If the battery packs are trash, there wont be an affordable used car market, as no one is going to drop $10k to replace the pack in a used car.
- elil17 3y agoPeople might accept a reduced range. I have no use for a range over ~150 miles and I could easily make do with 50 if I had to, so I would gladly buy a car with a "trashed" battery.
- falcolas 3y agoAgreed. Even 50% of 300 miles is reasonable for commuting.
- falcolas 3y agoWell, battery packs generally have about the same lifespan as an engine, give or take. And with used cars will come used/refurbished battery packs for less than new ones.
- WorldMaker 3y agoBattery packs don't seem to be the problem at all in the used market. The number of used EVs that have entered the market that needed a battery pack replacement is statistically insignificant for most models. In fact, the current argument is that battery packs are "too good": The used market doesn't seem to be growing at the same rate of ICE turnover because of fewer maintenance costs over car lifetime. The median EV owner is keeping their car for 7+ years, which is an incredible jump compared to the historic 3- year first owner lifecycle of ICE. We are just about past the "early adopters naturally have higher attachment rates" line and there are some interesting questions if the used EV market will always look weirder than the used ICE market.