The great EV markdown is here: resale prices plunge, squeezing fleets and early adopters

[wiyosaya]

I know some people with early Gen Prius's and let's just say, they're no longer Hybrid's at this point nor did it evolve into an all out EV.

Early Hybrid Prius were NEVER intended to be EV only. To think that a car with a maximum battery only range of 2 miles could "evolve into an EV" is ludicrous. I know. I owned an 06 when it was new, until I traded it in on a 24' Prius Prime. It had NO problems with the battery when I traded it in. And there are instances of people having gone 300,000 miles in that generation of Prius and having NEVER replaced the battery.

Working in the automotive industry for 18 years, I have seen a lot. The older both Hybrids and EV'S get, the worse they will fair. End of story.

With your comment about an early generation of a Prius "evolving into an EV," I find your assertion of "being in the industry" for 18-years rather specious. You SHOULD know early generation Hybrid Prius were never intended to be EV only. That did not happen until much later when the Plug-in Prius came along.

End of story.

 

[wiyosaya]

If you have friends or family who want to buy a used EV, teach them how batteries age. Teach them to check the average life of a specific battery that goes into the car they are wishing to buy.
It is a reality that a lot of people are not interested in how stuff works.
It might be a shock for some to find out how much batteries cost to replace.

Another load. Most people will never have to replace the battery.

 

[wiyosaya]

The "stuff" has gotten rather thick in this thread.

 

[Eldrach]

Coming from Norway - All I can say is - EV is 100% infrastructure.

When it comes to battery life - the average modern EV can easily do 200k miles without serious battery issues.
And when you eventually swap it (around 8k in Norway) - you're good for another 200k miles..unlike a combustion engine which has around 200 moving parts that can fail and the costs of repair can cost as much as a new car at that point.

But fact remains, your EV experience will be crap if you can't reliably find a charger whenever you need it. I live in a fairly small town of 60 000 people, and we easily have 500+ charging points within 10 minutes from eachother -> Which is the same for 90% of Norway (way up North the distances between chargers are more of an issue, but hardly anyone lives there)

 

[Plutoisaplanet]

There are almost no first or second gen EV's on the roads here due to low quality and battery death. Salt is the least of your worries when it comes to EV's.


I have yet to see an EV that lasts more than a few years, due to low quality construction and low quality batteries that only reach 1000KM as long as they're not turned on.

Also, every day I see videos of people getting barbecued in their cars because batteries decide to explode for the lulz. Unsafe and unreliable technology.

Meanwhile here I am with a 10 year old 138k mi Tesla and the battery is not a problem at all. Other electronics in the car (associated with luxury vehicles) are what fail.

 

[ChrisH1]

Not saying any of this is terribly worng, but - when comparing depreciation, use two cars that cost the same amount when new, not greatly different in type and price. Have a look at what a $48k BMW does, for example.

Secondly, depreciation can also be because the cost of the base car goes down. Tesla has been cutting the price of cars all the time. I remember when they dropped the price of the Model S Performance by $60,000 in Australia ... all Model SP's went down in value.

 

[Mr Liberty]

The premise of this article is false. Real-world data shows EV battery packs typically last 200,000–300,000 miles or more, with Tesla packs often retaining strong performance well beyond 300,000 miles, and up to 500,000 in some cases, before any significant range reduction.

The real driver of EV price depreciation isn't battery failure, it's the plummeting manufacturing costs from massive production scale and batteries following a predictably steep downward cost curve.

Imagine shelling out $5,000+ for a flat-screen TV back in the day, only to gripe about "depreciation" as prices tanked. EVs now have a lower total cost of ownership than equivalent gas cars, thanks to rock-bottom fuel and maintenance expenses, no oil changes, no engine or transmission headaches (because, well, they don't exist).

FYI, the Tesla Model Y remains one of the world's top 5 best-selling cars of any kind in 2025.
Remember the horse: "Here to stay."

 

[axiomatic13]

The "stuff" has gotten rather thick in this thread.

It's the usual Fox News / Sinclair Media watchers giving these crap takes on EV's. I can only imagine why they would subject themselves to such BS news exclusively.

 

[wiyosaya]

It's the usual Fox News / Sinclair Media watchers giving these crap takes on EV's. I can only imagine why they would subject themselves to such BS news exclusively.

I've heard its possibly because they like to be told what to think.

 

[wiyosaya]

FYI, the Tesla Model Y remains one of the world's top 5 best-selling cars of any kind in 2025.
Remember the horse: "Here to stay."

For now.

 

[wiyosaya]

Seems on topic -- https://www.bloomberg.com/news/arti...st-13-000-evs-over-risk-of-battery-power-loss

 

[mbk34]

I did a quick google and it said the average American car depreciates by 60% so I guess 42% depreciation is actually quite good.

 

[Liranan]

Meanwhile here I am with a 10 year old 138k mi Tesla and the battery is not a problem at all. Other electronics in the car (associated with luxury vehicles) are what fail.

220k (138k miles) KM over 10 years isn't much, I've done 200k KM's on my bikes in 6 years.