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EV Battery concerns

i would like to know now that EVs are becoming more plentiful how their battery life affects their trade in value. how much does it cost to replace the batteries. should a buyer be reluctant to by a used EV knowing that in a few years he will have to replace the batteries

Do your own research using the web because that is what we would have to do to answer that . And you can put vehicles in the Kelly Blue Book site to see values.

Why are you posting this under 2014 Porsche Boxster?

Anyway… The perception of battery life affects their trade value is as does the mileage and age of ANY used car. Just because it is an EV, doesn’t mean there isn’t wear and tear on the car. Keep in mind, EV’s still have a LOT of systems that are exactly like regular cars and break just the same. Actual battery life has been pretty good on most EV’s. Wandering around EV forums or specific car forums will expose that fact.

The trade in value also reflects the demand for that used EV like it does for any car. Used Mercedes in my town go cheap. Why? There are lots OF them and they are VERY expensive to service long term. That drives down the value. A Nissan Leaf, the first generation especially, has very low trade as a used car because NO ONE wants a used version. They are known to have issues with diminishing range even when only 2-3 years old.

Only 2 EVs have a resale value. Seriously, EVs have dramatically lower resale value than do mainstream vehicles. Part of that is due to the massive taxpayer subsidies that new EVs enjoy, and that used ones do not. The Model S and X have done pretty well, but there are reports that Tesla is sitting on a lot of used inventory and it is getting older. As you research your favorite model, read the real-world reports from owners on battery degradation. Your concern is valid. Which is why I recommend leasing to most folks considering EVs. The leases are artificially supported by the automakers and the incentives are still there, just handled differently. At the low end of the market, used Leafs and other EVs are a hard deal to ignore.

EV batteries are a ‘life of the car’ thing. They cost tens of thousands to replace.

Look at hybrids to estimate how EVs will depreciate. They have large batteries to power the vehicle, though not as large as those in an EV.

Hybrid (not plug-in hybrid) batteries are less than a tenth the capacity of EV batteries. Prius is around 1.5 kW-Hr, Tesla 3 is about 80 kW-Hr.

Hybrids are the only thing that comes close to EVs, in that they have large, high density batteries that are expensive to replace. If it’s all there is, it makes sense to at least look at hybrid depreciation. Maybe the Model S has been around long enough to get an idea of early depreciation.

Well here’s one example. Car won’t go up hills anymore. $3000 for battery. Value with good battery at about $2000.