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No one wants used EVs, making new ones a tougher sell too

kobayashiGT

By kobayashiGT,
in General Car Discussion

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Ct3833

Ct3833

Supersonic
On 12/27/2023 at 8:56 AM, inlinesix said:

Taycan starts from GBP79k without any option in UK.

There is 2 battery size, 79kwh or 93kwh for Taycan.

Taycan is in a different class completely, but look at those Tesla, Nissan and Hyundai, cant imagine the battery replacement cost can be so expensive.

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Tianmo

Tianmo

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I think buying an EV here has to first adjust our mindset to drive till scrap, or drive to scrap. Zero resale value, then the motivation will be a different one. The mindset of buying an used EV will also has to be adjusted to that of buying an used mobile phone, or any electric/electronic devices that runs on a battery. Buy a used past season model cheaply, but the battery likely need replacement, so budget for it. 

For me, the only thing that is holding me back is the charging infrastructure and the charging time, otherwise, a new car lifespan with me is max 4.5 yrs, so battery dying is not really an issue with me. [laugh][laugh][laugh]

Save the world is lagi not my problem. [laugh][laugh][laugh]

 

 

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Stratovarius

Stratovarius

Turbocharged
On 12/26/2023 at 11:41 PM, bsswan said:

That's a very common figure I see coming up. One guy was quoted GBP60k for a Tycan replacement battery.

Tesla is typically over 35k.

You imagine one minor scratch on the battery casing after just a few years, the car's a write-off already. Hardly environmentally friendly!

They write off here, repair and sell to other countries as refurbished units.

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Beregond

Beregond

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(edited)
On 12/27/2023 at 9:23 AM, Tianmo said:

I think buying an EV here has to first adjust our mindset to drive till scrap, or drive to scrap. Zero resale value, then the motivation will be a different one. The mindset of buying an used EV will also has to be adjusted to that of buying an used mobile phone, or any electric/electronic devices that runs on a battery. Buy a used past season model cheaply, but the battery likely need replacement, so budget for it. 

For me, the only thing that is holding me back is the charging infrastructure and the charging time, otherwise, a new car lifespan with me is max 4.5 yrs, so battery dying is not really an issue with me. [laugh][laugh][laugh]

Save the world is lagi not my problem. [laugh][laugh][laugh]

 

 

There is actually quite a huge used EV market in China.

I won't make any judgement to say no 1 will buy used EV in SG. Because its simply too early to judge.

maybe like another 7-8 years down the road then we can really see.

Depend alot on gov policy also.

And technology development.  

Edited by Beregond
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RadX

RadX

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On 12/27/2023 at 9:35 AM, Stratovarius said:

They write off here, repair and sell to other countries as refurbished units.

Machiam laptop😂
 

next time SimLim square be EV trading Centre😀

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Voodooman

Voodooman

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I have concerns over resale value of EV as EV technology may still be evolving with cost declining. Who wants to buy a old iPhone 10 when there is an iPhone 15 with better features, longer lasting battery and is cheaper when new? 

10% battery degradation over 10 years is actually quite acceptable (based on Tesla data). A 8 years old ICE cars will probably give me more headache than an old EV.  With 10 years COE and 20k km a year usage mileage, impact here is probably lesser. 

Still waiting for Mr Tan to sell me an i4 at paper value.  😂

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Lala81

Lala81

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On 12/27/2023 at 10:05 AM, Voodooman said:

I have concerns over resale value of EV as EV technology may still be evolving with cost declining. Who wants to buy a old iPhone 10 when there is an iPhone 15 with better features, longer lasting battery and is cheaper when new? 

10% battery degradation over 10 years is actually quite acceptable (based on Tesla data). A 8 years old ICE cars will probably give me more headache than an old EV.  With 10 years COE and 20k km a year usage mileage, impact here is probably lesser. 

Still waiting for Mr Tan to sell me an i4 at paper value.  😂

Depends mostly on the charging history?

If someone is using mostly the DC fast chargers at workplace, your battery will be have significant degradation by the end of the 1st or max 2nd user. The fast chargers are meant to maximise the availability of the charger (time to get a new customer vs cost incurred in fast charging). So it's not vis a vis same as petrol stations. 

Have to take into account that the vast majority of owners in bigger countries, use home overnight charging which is slow, but is the one which maximises the battery. 

Probably still fine in SG with very short ranges unless u like to get stuck in customs jams on the 2nd link/causeway. 

Will just be a trade off that u have to accept. And 100% u won't know the battery degradation on that few minute test drive u get at the 2nd hand dealer. 

 

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Lala81

Lala81

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(edited)

Given that every company has different standards and electrical systems to utilise the cells in the batteries, the day whereby car batteries are swappable like the battery packs in taiwanese e-scooters is very far. 

Those small scooters, the battery packs each are 10+kg. And they only last 100+km per charge. Lol good workout when u are changing it at the recharge stations. 

But in SG, the road doesn't have much debris so it's still fine. 

Edited by Lala81
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Tianmo

Tianmo

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On 12/27/2023 at 9:36 AM, Beregond said:

There is actually quite a huge used EV market in China.

I won't make any judgement to say no 1 will buy used EV in SG. Because its simply too early to judge.

maybe like another 7-8 years down the road then we can really see.

Depend alot on gov policy also.

And technology development.  

I also won't say no one will buy an used EV yet, but if gov policy is any indication, the right in our face message is carlite, so SG gov is not going to help sell a used EV. 

Technology development is already showing. 2 yrs ago most EV can only run 300km, now many are going in the range of 400-500km, in the next 2 yrs, I won't be surprised to see ranges of 600-700km, maybe even close to 1000km on paper which may also require lesser charging time on most EVs. So if there is no change in charging infrastructure, and depreciation is close, would you buy a new EV of 700km range, or a 4 yrs old used EV running on a discounted 300km range?

The EV market in China, USA and SG are all different. The motivation behind the support of EV by CCP is a need, whereas in USA it is not a priority. Both very much link to oil reserves and imports, as well as industrialation, solar power development and in china pollution. 

In china, the huge used EV market is basically the used EVs replacing the old ice cars. If every new car sold is an EV, then every used car in the market will be an used EV, that's logic. If I read correctly, as of 2022, 70% of new cars sold in china now is an EV, and a local brand, local made. Which again brings us back to the motivation behind the support from their gov, which is a need.

If 70% of new cars sold in the market is an EV, then obviously the used EV market will be huge. 

SG is totally different here. [laugh][laugh][laugh]

 

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