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The resale value plunge that EVs take (especially Teslas) suggest that the market is skeptical of these longevity claims.
by jordanb 2y ago
The resale value plunge that EVs take (especially Teslas) suggest that the market is skeptical of these longevity claims.
- FeloniousHam 2y agoI think you're correct about the market skepticism: there simply isn't enough long-term real world data to know how long an electric car's battery (the critical piece) or integrated systems will last. There's also the issue of rapid technological advancement, like in the smartphone/computer early days. We're still learning about the fundamentals, eg. battery composition, the seller pays for the risk the same dollar gets more (and better) miles. I'm quite confident ICE will very soon be a niche power source, I will boldly say the tipping point is 2030 :) https://www.teslarati.com/tesla-leads-vehicle-longevity-mileage-study-finds/#:~:text=The%20study%20revealed%20that%20electric%20vehicles%2C%20in,with%20an%20average%20lifespan%20of%2016.8%20years. https://www.teslarati.com/tesla-leads-vehicle-longevity-mile...