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Values Of Used EVs Plummet, As Dealers Stuck With Unsold Cars
Watts Up With That? ^ | 9/24/2023 | Paul Homewood

Posted on 09/24/2023 10:21:05 PM PDT by fireman15

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To: minnesota_bound
With a used gas car you can repair an engine but not an electric battery powered one.

Well, in EVs defense (and I can't believe I'm doing so) the motors on an EV are stone simple and are unlikely to ever need repair. It's the batteries. There is just no way to pack enough power into current battery designs in a way that is efficient, safe, and dependable.

Maybe one day when they discover Unobtanium batteries and have nuke plants in every metropolitan area, they'll start to make a little bit of sense. That or Mr. Fusion.

41 posted on 09/25/2023 3:08:38 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: irishjuggler
Good post. I suspect the biggest factor in declining values for used EVs is the age of the vehicle technology itself.

A 2018 model EV is more like a five year-old computer than a five year-old car — in that functional obsolescence plays a bigger role than physical deterioration in the loss of value. And anyone in the business world who used to donate old computers to schools will tell you that you can’t even give a five year-old computer away these days.

42 posted on 09/25/2023 3:14:57 AM PDT by Alberta's Child (“Freedom is just another word for nothing left to lose.”)
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To: fireman15
Your numbers are no longer accurate in the current used car market...

We have a 1998 SUV. Five years ago the blue book value was $1200. Two years ago, the value was up to $1500. Today, the 1998 SUV value is $2000.

43 posted on 09/25/2023 3:17:31 AM PDT by NautiNurse
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To: webheart

You’re the niche buyer.

Good for you.

L


44 posted on 09/25/2023 3:30:28 AM PDT by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is. )
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To: webheart

ok sparky, we get it. Got solar panels to?


45 posted on 09/25/2023 3:56:52 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: webheart
Plus I drive it around town about 1000 miles a month and charge at work for 6 dollars a month.

$6 per month? Subsidized electricity.

46 posted on 09/25/2023 3:59:41 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: epluribus_2

It is not just the ongoing cost of en ev for a 10 to 15 yr lifecycles. What is staggering is the tutcurrent up front cost. 50k to 80k depending on the model

Whoever is buying these things must have disposable income. The cars are also on the small side imho.


47 posted on 09/25/2023 4:03:31 AM PDT by reviled downesdad (Some of the lost will never believe the Truth and will hate you for it.)
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To: fireman15

Interesting stats at this link...

https://ampo.org/electric-vehicles-are-out-of-reach-for-most-u-s-consumers/


48 posted on 09/25/2023 4:08:54 AM PDT by mewzilla (Never give up; never surrender!)
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To: Tolerance Sucks Rocks

Paid 2k to replace a tranny in a 09 chevy I got for free. Still driving it.


49 posted on 09/25/2023 4:11:36 AM PDT by reviled downesdad (Some of the lost will never believe the Truth and will hate you for it.)
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To: Sirius Lee

Dnb battery tech. Dynamic nuclear battery, never needs to be charged.


50 posted on 09/25/2023 4:16:04 AM PDT by reviled downesdad (Some of the lost will never believe the Truth and will hate you for it.)
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To: mewzilla

On an EV related note...

https://insideevs.com/news/681712/general-motors-bev-rollout-plan-2023h2/

Be sure to read the comments.


51 posted on 09/25/2023 4:17:41 AM PDT by mewzilla (Never give up; never surrender!)
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To: fireman15

Used EVs price go down but repair cost have skyrocketed on these POS.


52 posted on 09/25/2023 4:21:28 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: webheart

At some point, you will have to replace the battery. It won’t be cheap.


53 posted on 09/25/2023 4:25:28 AM PDT by kabar
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To: NautiNurse

Yes.
I had an old Chevy with many miles on it. I paid like $6000 for it new (do not remember, but it was pretty basic and cheap)? Five years ago, I could get maybe $500 for it.
I was hit recently, they totaled the car, and I got $4000 for it.


54 posted on 09/25/2023 4:28:29 AM PDT by AZJeep
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To: mewzilla

The comment section tells it all. As an electronic tech by trade, i can only say to those buying EV good luck, none for me.


55 posted on 09/25/2023 4:29:19 AM PDT by exnavy (Grow your faith, and have the courage to use it.)
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To: webheart

Your car still has brake pads and they need to get changed out. They run off electricity but have hydraulic back up. The transmission,though different, i.e gearbox with single gear although some have 2 or 3 still uses a transmission fluid. You also have a cooling system for your battery. Any mechanical moving parts require lubrication. They maybe sealed but require lubrication.

Only $6.00 a month to charge your EV is pure BS.


56 posted on 09/25/2023 4:39:53 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: webheart

Your battery warranty is not lifetime either it’s 10 years 100k and requires you do a lot in order for that to warrantied.

https://caredge.com/guides/ev-battery-warranties


57 posted on 09/25/2023 4:47:03 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: dennisw

44 miles ????? What a joke.


58 posted on 09/25/2023 4:57:08 AM PDT by Baldwin77 (Be not deceived, God is not mocked)
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To: webheart

“Plus the mild weather in California means I don’t have the extreme weather issues.”

Good for you. Parachutes work well for paratroopers, not so much for submariners. Your ideal situation is not shared by everyone and EV’s don’t make sense for a large section of the population yet somehow they are being really pushed like they do.


59 posted on 09/25/2023 4:57:56 AM PDT by EandH Dad (sleeping giants wake up REALLY grumpy)
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To: webheart

At 10-15 cents/KV-Hr and assumming 220v charger, it probably costs $6/hr to charge your toy. No way a one hour charge per month gives your toy a 1,000 mile range!! LOL....


60 posted on 09/25/2023 5:03:23 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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