When do you think you will buy a 100% pure electric vehicle?
- Thread starter dmclone
- Start date
I think, like nearly everything else in this topic, it varies wildly for every situation/individual.
Do they care what trade in is? If not and they expect it to be worth a couple grand in 5 years, then no. If they expect it to hold 75% (or so) of its value when they trade, then yes; very much.
Asking these questions because I don't know and I don't want to look it up.
How much does a replacement battery cost?
Does insurance cover a battery replacement after so many years?
If you trade in or sell your EV after 6-7 years, what do you do about the battery? Do you replace it before you sell it? Do you sell the car a a lower cost knowing the battery will need to be replaced? How does that work? What about the batteries themselves? What does it take to make a battery? Are they recyclable? Reusable at all? Thanks.
How much does a replacement battery cost?
Does insurance cover a battery replacement after so many years?
If you trade in or sell your EV after 6-7 years, what do you do about the battery? Do you replace it before you sell it? Do you sell the car a a lower cost knowing the battery will need to be replaced? How does that work? What about the batteries themselves? What does it take to make a battery? Are they recyclable? Reusable at all? Thanks.
A strong correlation to whether one has skepticism or prejudice
You don’t see a discussion on a Porsche vs BMW based on which one is marginally cheaper to own
From what I've seen generally they are around 15k installed, give or take a couple grand.
For used vehicles, the batteries will be the big question. Some of the articles I read starting mentioning you can get 1,000 charges out of the batteries before they are degraded pretty heavy. I don't know if it's like laptop batteries and if you leave it plugged in the whole time that it hurts the battery. I saw that fast charges are hard on the battery, also so that taking them to 100% is supposed to be also harder on the battery. A lot of conflicting information right now. I think the next 5-10 years we will learn a lot more about EV batteries.
Well, the typical Porsche owner is not the typical BMW person either. Are you saying if a EV owner decided to buy an ICE that they would routinely be in the BMW or Porsche market? I think you are not comparing typical markets in your comparison.
On the recycling, the salesman who sold me my solar panels said that solar panels are basically never recycled because the cost to pull the lithium and other materials out is more expensive than new production. Is it cheaper with the batteries?
I haven't looked into it with any real depth. I just now there are very few parts of the batteries that can't be recycled. The lithium isn't easy to recycle but there's probably more in a battery than in a solar panel (just a guess though) so it's probably more worth your while to go through the trouble.
Does insurance cover a battery replacement after so many years? Just like the motor in your car, if it was in an accident.
If you trade in or sell your EV after 6-7 years, what do you do about the battery? Just like the motor in your car, you probably leave it in the car.
Do you sell the car a a lower cost knowing the battery will need to be replaced? Just like the motor in your car, if it's about ready to die, you'll get less for the car.
How much does a replacement battery cost? For a Tesla Model Y. $0 if 8 years or 120,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period. After 120k miles, they have been costing Tesla owners that have had to replace them around $13k in their $100k Teslas. Keep in mind that so far,those 10 year old Teslas have had a replacement rate around 8.5%, which includes the ones that were replaced for free. This means that 91.5% of 10 year old teslas have not had to replace a battery. So in that case $0. They've also not had to replace the oil, transmission, spark plugs, timing chain, camshaft, catalytic converter, head gasket, fuel pump, fuel injectors, clutch, turbo, etc.
Are they recyclable? Reusable at all? Not sure on this one, I didn't do a lot of research. I figured it was the next guys problem when I sold it.
So, why would anyone buy a used EV if they are more than likely going to have to fork over another 15-25 grand for a new battery after a few years? If they try to sell the used EV after 3 or 4 years, why would anybody buy it when it's even closer to needing a new battery?
Like a car with a motor, the majority run fine after 3-4 years. Where are you getting "When it's even closer to needing a new battery"? Do you say this when you buy a used car with a gasoline motor?
About 77k people a year in the U.S. spend over $100k on a car every year. Also, they no longer cost this much(The Model S). I've never personally spent over $52k on a car and that was painful to do. I would have to have a net worth north of 10 million to justify a $100k vehicle and I doubt I would then.
So most BEV's (and hybrids) have a 10 year/150k mile warranty on them. A 3-4 year old BEV isn't anywhere close to those numbers so you'll get a new battery under warranty if it fails before then. Engines and transmissions go out all the damn time in gas powered cars way under that mileage and nobody get's too concerned about buying a 4 year old car with 60k miles on it that the engine is going to blow any minute.