I wonder what effect this will have on the resale value of second-hand electric vehicles?
So far they have not been performing as well as ICE cars. EV cars from even three years ago are seen as technologically behind today’s models, particularly when it comes to battery technology.
Theoretically the second hand EV market should be vibrant in future. EVs have much simpler engines, require much less maintenance when they are older, and should hold their value longer than ICE cars.
I had a conversation with someone the other day about getting a used EV. I want one (tho the spy-on-wheels aspect isn’t something I’m fond of), and specifically I want a used one because they are stupid cheap.
I’m convinced that people are actively trying to talk themselves out of getting one rather than doing even the basic look into the whole thing…
Person I was talking to was like “yeah but if the batteries go you’d be spending $28k to replace them!”
Dumbfuck, I’m not going to spend more than 10k on this used EV, which is only a few grand more than my current car is supposedly worth (which I’ll easily save in gas in just a few years)… I’m not going to replace the batteries if it’s expensive. I’d replace the car with another cheap used one, and trade in the busted battery one.
That’s to say nothing of the fact that If the battery goes within roughly a decade from manufacture, probs under warranty, and if not, well my ICE vehicle wouldn’t be worth shit for trade-in if the engine cracked or something, so what’s the difference?
Looking forward to driving a contraption that nobody can fix, that slowly gets worse range over time, and that totals itself when the battery goes. Gone are the times of poor people scraping by with cheaply repaired transportation. They will either have nothing or bankruptsy–no in-between.
We need standardized replaceable battery packs, right to repair, and even better; public transit.
I wonder what effect this will have on the resale value of second-hand electric vehicles?
So far they have not been performing as well as ICE cars. EV cars from even three years ago are seen as technologically behind today’s models, particularly when it comes to battery technology.
Theoretically the second hand EV market should be vibrant in future. EVs have much simpler engines, require much less maintenance when they are older, and should hold their value longer than ICE cars.
I had a conversation with someone the other day about getting a used EV. I want one (tho the spy-on-wheels aspect isn’t something I’m fond of), and specifically I want a used one because they are stupid cheap.
I’m convinced that people are actively trying to talk themselves out of getting one rather than doing even the basic look into the whole thing…
Person I was talking to was like “yeah but if the batteries go you’d be spending $28k to replace them!”
Dumbfuck, I’m not going to spend more than 10k on this used EV, which is only a few grand more than my current car is supposedly worth (which I’ll easily save in gas in just a few years)… I’m not going to replace the batteries if it’s expensive. I’d replace the car with another cheap used one, and trade in the busted battery one.
That’s to say nothing of the fact that If the battery goes within roughly a decade from manufacture, probs under warranty, and if not, well my ICE vehicle wouldn’t be worth shit for trade-in if the engine cracked or something, so what’s the difference?
Looking forward to driving a contraption that nobody can fix, that slowly gets worse range over time, and that totals itself when the battery goes. Gone are the times of poor people scraping by with cheaply repaired transportation. They will either have nothing or bankruptsy–no in-between.
We need standardized replaceable battery packs, right to repair, and even better; public transit.
Count me out until then.