When buying a used EV is a smart move—and when it’s not
You’ve probably heard the horror stories of crazy-high battery-replacement costs for electric cars. Fears of battery failure, limited range and high purchase prices might make you wonder if buying a used EV is a smart decision.
This answer is, it depends — it depends on the condition of the EV you choose and how much you pay for it. Buying an EV is different in many ways from purchasing an ICE vehicle. Here’s a look at the key differences and how they change the buying equation. Fears of battery failure “are a bit overstated,” Toprak says. He thinks the anxiety comes from people thinking of an EV battery as being like a cell phone battery that degrades quickly. But in actuality, a Tesla Model 3 battery was built to deliver power for over 300,000 miles, he says.Battery costs and warranties But what if the battery does degrade to the point where it has to be replaced?Nearly all new EV batteries are warrantied for at least eight years or 100,000 miles.
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