The Used EV Timebomb
MAY 1, 2024
tags: Electric Cars
By Paul Homewood
Money Mail can today reveal a timebomb looming in the second-hand market for electric vehicles (EVs).
Our investigation found that many EVs could become almost impossible to resell because of their limited battery life.
Experts said that the average EV battery guarantee lasts just eight years. After this time, the battery may lose power more quickly and so reduce mileage between charges.
Many EVs will lose up to 12 per cent of their charge capacity by six years. Some may lose even more.
Yet the cost of replacing an EV battery is astonishingly high, our research found.
A five-year-old Renault Zoe costs £9,100 but a new battery will set you back £24,124
https://notalotofpeopleknowthat.wordpress.com/2024/05/01/the-used-ev-timebomb/
