nc10
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The rise of brand new, second hand electric vehicles
(this story is posted both at Wired and ArsTechnica)
No surprise in this forum, 2nd hand EV's are popular. Some semi-interesting quotes:
David Cottrell got his $39,999 Tesla Model Y last February. The compact electric hatchback was a fantastic car, he says..................... By June they had sold for $51,000—a tidy profit.
Things have gotten extra strange in electric vehicle land, where used cars seem to be getting newer. Figures tracked by Recurrent, a company that follows the battery health of EVs, and the data firm Marketcheck suggest that last year, the majority of used electric cars for sale were four or five years old. Today, just under a third of used EVs are three years old.
Carvana, a company that buys and sells used cars online, says 90 percent of its electric vehicles are in the process of being purchased, compared to 45 percent just over a month ago.
The rise of the new used car started with the microchip shortage, which began to seriously affect car production in 2021. Today’s vehicles use at least 100 chips each to control their complex electronic systems, and electric vehicles, which are especially complicated, can use as many as 1,000.
Also hitting home on this forum:
"And here’s the big problem for electrics: Some new cars that were supposed to enter the market in 2020 and 2021 were never made. That means fewer used cars trickling down the market this year, and next year, and the next. "
(this story is posted both at Wired and ArsTechnica)
No surprise in this forum, 2nd hand EV's are popular. Some semi-interesting quotes:
David Cottrell got his $39,999 Tesla Model Y last February. The compact electric hatchback was a fantastic car, he says..................... By June they had sold for $51,000—a tidy profit.
Things have gotten extra strange in electric vehicle land, where used cars seem to be getting newer. Figures tracked by Recurrent, a company that follows the battery health of EVs, and the data firm Marketcheck suggest that last year, the majority of used electric cars for sale were four or five years old. Today, just under a third of used EVs are three years old.
Carvana, a company that buys and sells used cars online, says 90 percent of its electric vehicles are in the process of being purchased, compared to 45 percent just over a month ago.
The rise of the new used car started with the microchip shortage, which began to seriously affect car production in 2021. Today’s vehicles use at least 100 chips each to control their complex electronic systems, and electric vehicles, which are especially complicated, can use as many as 1,000.
Also hitting home on this forum:
"And here’s the big problem for electrics: Some new cars that were supposed to enter the market in 2020 and 2021 were never made. That means fewer used cars trickling down the market this year, and next year, and the next. "
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