Quote:
Originally Posted by raptor5244
Correct, it is out of warranty. I guess it just becomes a financial exercise to see what makes more sense. But if you can get 300k miles out of the original battery and electric motors and still going I think you are ahead of the game. Maybe you can push a Toyota Corolla that far but you will need a lot more maintenance even on a cheap Corolla. Oil changes, tunes ups, trans/coolant flushes, differential, brake pads, fuel costs, etc.
The point here is that it illustrates how the simplicity of EVs lowers the TCO. In general, the battery and motor is going to outlast the current tech, suspension, etc.
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I think his point is that the used car market for out of warranty EV is a huge unknown. I think it’s understood for the new car buyer (with a warranty) the TCO for an EV is good (lithium could effect that but another discussion). It’s the latter that IMO could be bad, and have a detrimental effect on the bottom half of the population income wise.
I’ll give an example, I picked up my daughters first car 2011 Elantra for $3k in 2019 before the markets went stupid. A friend deal too so honestly on the actual market let’s say $5k. 8-9yrs old 105k mi I believe.
Worst thing that can happen is the engine and tranny goes. I do all of my own work so unless it’s a catastrophic failure it’s not going to cost much to fix. Worst case junkyard engines are pretty cheap and it could be back on the road for a grand or two. Now you might say I’m an anomaly, most people don’t do that…
Quite the contrary, most folks with low income do a lot (or have a friend) that helps then fix it and get back on the road. They don’t have the money for a brand new Kia (or rebuilt) engine/tranny in most cases. Let alone a $10k battery pack… and let’s be honest old ICE engine run for a long time. Maybe poorly but they run and that’s what those folks need.
Now maybe junkyard batteries will be a thing, idk but not something your AVG DIY can probably do (nor want to do from a safety standpoint) pushing all repairs back to service centers.
I could see the government having to subsidies EV battery replacement for low income folks. Otherwise they’ll just keep driving ICE engines forever.
Also if and I prob will someday own an EV, dump it before the warranty expires on the battery. We really don’t have any data on how resale is going to look yet.
It’ll be interesting for sure.