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I wonder what the value of a 10 year old EV will be. I wonder how you would even start to predict it. So much can happen in 10 years. At the moment second hand EV prices are inflated by scarcity. But if they become more common, or the new price falls ? If technology does advance, could they become about as desirable as a 10 year old PC ? And the battery is so much of the cost, will it ever be worth replacing the battery, or does a significantly degraded battery make it scrap value only ? Like phones and other tech, perhaps they will become a throw away item.I think it is quite likely that second hand ICE vehicles in good condition may be worth quite a premium at some point in the future. Except that the government will probably heavily load taxes onto them. Once they are gone, the tax breaks for EV's will not last long.
I wonder what the value of a 10 year old EV will be. I wonder how you would even start to predict it. So much can happen in 10 years. At the moment second hand EV prices are inflated by scarcity. But if they become more common, or the new price falls ? If technology does advance, could they become about as desirable as a 10 year old PC ? And the battery is so much of the cost, will it ever be worth replacing the battery, or does a significantly degraded battery make it scrap value only ? Like phones and other tech, perhaps they will become a throw away item.
I think it is quite likely that second hand ICE vehicles in good condition may be worth quite a premium at some point in the future. Except that the government will probably heavily load taxes onto them. Once they are gone, the tax breaks for EV's will not last long.
