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It will be interesting to see where EVs fit into the used car market, as the battery is a wear item and is responsible for a significant amount of the price of
by ndiddy 3y ago
It will be interesting to see where EVs fit into the used car market, as the battery is a wear item and is responsible for a significant amount of the price of the car (i.e. what the price will be on a 10 year old EV that will require an $8000 replacement battery).
- thinkcontext 3y agoAgreed. Perhaps a saving grace will be that run down EV batteries can be used for stationary storage on the electric grid. There's significant value there, but I haven't seen repurchase programs advertised. Maybe there just aren't enough used batteries available yet.
- vel0city 3y agoYeah, it'll be an interesting to see in a decade. Maybe we'll have a healthy market of salvage/rebuilt/recycled batteries driving down the costs to "rebuild" an EV. Maybe we'll find out recycling batteries isn't what we thought. If batteries drop in price, even like 20%, a "rebuilt" used EV could be incredibly cheap as its operating costs and risks of drivetrain failure could be incredibly low. Coupled with reduced energy costs if charging gets ubiquitous for non-homeowners, it could be really nice.