|
|
|
|
|
by WorldMaker
862 days ago
|
|
> But since they don't want to be in the business of making undesirable vehicles with short lifespans that require expensive maintenance The average BEV is lasting just as long as any other car on the road and the used market is not filled with "broken EVs requiring expensive maintenance". The opposite seems to statistically be the case: the used market for EVs is "barren" because the cars don't need expensive maintenance and often stay with their first owners for longer and when they do move to new owners don't often go through the traditional used market because they don't need as much maintenance. You've been lead to believe some interesting misinformation. Toyota themselves have been a source of some of that misinformation, which is further unhelpful. |
|
- the used car industry is just barren post-pandemic. Prices are up and inventory is super low [1]
- EVs are generally not that old! Why put a BEV up as a used car when it's just a few years old? The average age of a used car is 6.1 years (according to CBC in Sep-2023) [2]. Further, that 'used car' age is up from 4 years, which further indicates the first point that the used car market is very short on supply. Most of Tesla's sales have been in just the last 4 years [3], Tesla represents a lot of BEV car sales in the US (going from memory, it was about 75% and is down to around 55%). In such a short amount of time, most BEVs are essentially still brand new. Thus, BEVs not being in the 'used' market is somewhat expected since they are half the age of the average used car, most of them are under 4 years old.
Thus, their lack of presence in the used car market could easily be more a function of their age (relatively brand new) compared to: "don't often go through the traditional used market because they don't need as much maintenance."
[1] https://www.cbtnews.com/the-state-of-used-car-prices-why-are...
[2] https://www.cnbc.com/2023/09/26/3-things-to-consider-when-bu...
[3] https://cleantechnica.com/2023/04/22/tesla-just-passed-4-mil...