Quote:
Originally Posted by Chrome383Z
I have big concerns on the EV used car market. I read an article the other day a guy bought a used EV with like 200k and the battery went out. $14k to replace it. He just trashed the car and bought a used ICE. That’ll be tough for the lower even some middle class incomes.
Granted early Gen domestic EV (forget model) and hopefullly there is some standardization in the future. But it is an obstacle to think about.
You can limp along an old ICE vehicle with repairs here and there… if a battery dies just like an iPhone. It’s done.
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Agreed. EVs are more like iPhones in this sense. They typically offer a good 8 year 100-120k mile warranty on the battery and electric motors, but the current price of a Model 3 battery with installation is like $16k. On the flip side the EV drive units tend to last a long time. Folks claim they will go for a million miles.
One must assume that batteries prices would decrease over time as they scale up production but so far it seems to be going in the wrong direction. Furthermore mining the metals for batteries is messy process. I think the industry is banking on battery recycling technology to help offset cost and protect the environment. For example, let’s say, you need a new battery and it costs $10k, you may be able to trade your old battery and get like $5k for it since all the raw materials are still intact. It just needs recycling to be used to make new batteries.