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Battery 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
by WorldMaker 3y ago
Battery 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.