Yet, whenever you expose it to light, it will immediately show you the current time. So, it can prevent unnecessary power consumption. Your Seiko solar timepiece will automatically stop operating. Therefore, if you left the watch uncharged for a longer time, you dont need to worry. Get a used car inspection with a brand specialist or a local EV mechanic.Besides, Seiko claims that they provide a power-saving function into the rechargeable battery of their solar watch.Calculate whether the indicated range was mostly accurate by subtracting the final range from the maximum range.Check the remaining range at the end of the test drive.Take the car for an extended test drive with the air conditioning on and simulate your typical style of driving.Check the EV’s mileage gauge to see the indicated range of the fully charged battery.Ask the seller to have the vehicle’s battery fully charged prior to a test drive.Note the maximum range of the EV as listed on the manufacturer’s site.The potential range can be checked by taking these steps: Since an EV has fewer moving parts, the buying process is actually much more transparent, Toprak says. Additionally, because EVs use a braking system that recaptures energy to charge the battery, brake pads wear out slowly. Maintenance: EVs do not require oil changes and have less likelihood of repairs that ICE cars are prone to because there are fewer systems to check on an EV.Cost of gas: Depending on how much you pay for electricity, charging an EV is less expensive than gas.Incentives and rebates: Some state and federal incentives might effectively reduce the price of a used EV.While the purchase price is higher than a gas car, Toprak says EVs save money in the long run due to:
But a 4-year-old EV costs an average of $30,400. Drury says recent Edmunds data shows that EVs less than 2 years old - a market dominated by Teslas and car flippers - are listed for an average price of $58,179. But in actuality, a Tesla Model 3 battery was built to deliver power for over 300,000 miles, he says.Īnother factor stopping more people from buying used EVs is their high purchase price compared to ICE cars. He thinks the anxiety comes from people thinking of an EV battery as being like a cell phone battery that degrades quickly. Looking at the car’s original battery warranty can help you determine when you might see some battery degradation - but that doesn’t mean the battery is near death.įears of battery failure “are a bit overstated,” Toprak says. How quickly, how much?Ĭonsumers should expect EV batteries to last 10 years or longer, according to Recurrent Auto, an EV research and analytics firm focused on the used-vehicle market. But as the range decreases, the car is, in a sense, less valuable.
This means that the range will gradually begin to decrease.īattery degradation doesn’t happen overnight, and it won’t leave you stranded by the side of the road. But with a battery, after a number of recharging cycles, it begins to lose the ability to fully charge. The lithium ion battery in an EV is comparable to the motor in an ICE car. Here’s a look at the key differences and how they change the buying equation. For example, he says driving an EV could save as much as $5,000 in gas costs in one year.īuying an EV is different in many ways from purchasing an ICE vehicle. While used EVs cost more than gas-powered internal combustion engine, or ICE, cars - with the average transaction price at about $41,000 - you have to look at the total cost of ownership, says Jesse Toprak, chief analyst for Autonomy, an EV subscription service. But if you buy an EV that is being flipped at a premium that doesn’t qualify for a tax credit, it could be a trap. If you can find an older EV with a battery in good shape, it could be a bargain, says Ivan Drury, senior manager of insights for auto site. This answer is, it depends - it depends on the condition of the EV you choose and how much you pay for it. Fears of battery failure, limited range and high purchase prices might make you wonder if buying a used EV is a smart decision. ( NerdWallet) – You’ve probably heard the horror stories of crazy-high battery replacement costs for electric cars.
Editor’s note: This article has been updated to accurately reflect the characterization of Recurrent Auto.
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