Once priced at nearly €110,000, this now six-year-old e-tron 55 sold used for €36,000 and it still has most of its original range left.
The proliferation of used electric vehicles reaching their six-year mark allows for real-world data collection on battery degradation, challenging initial perceptions and market valuations.
This data provides crucial insights into EV battery longevity, influencing consumer confidence, resale markets, and future battery technology development.
The perceived longevity of EV batteries is improving, potentially shifting consumer reluctance regarding expensive replacements and impacting depreciation curves for used EVs.
- · Used EV market
- · EV battery manufacturers
- · Early EV adopters
- · Consumers seeking affordable EVs
- · Resale value pessimists
- · ICE vehicle manufacturers (relative gain)
- · Short-term EV lessors
The resale value of electric vehicles may stabilize or increase as battery durability becomes more evident.
Increased demand for used EVs could accelerate fleet electrification and reduce the total cost of EV ownership.
Longer battery life could lead to less frequent battery recycling or second-life applications, impacting nascent recycling industries.
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Read at InsideEVs