Episode Show Notes / Description
- Buying a Used Electric Vehicle? Think Twice About the Battery!
- Just like checking brakes and shocks on a gasoline car, checking the battery is crucial for EVs.
- A buyer purchased a 2014 Ford Focus EV with 60,000 miles for $11,000—seemed like a good deal.
- The Costly Surprise
- The car stopped working and required a new battery.
- The replacement battery cost? $14,000—not including installation.
- Worse yet, the battery wasn't even available.
- Why EV Batteries Are a Big Deal
- Unlike gasoline engines, EV batteries aren’t interchangeable.
- The battery is part of the vehicle's structure—each model has a unique design.
- Once a car model is discontinued, finding a replacement battery can be nearly impossible.
- Depreciation & Resale Struggles
- The dealership offered only $500 to buy back the car.
- This highlights the risk of high repair costs and low resale value for used EVs.
- EV Market Concerns
- Some manufacturers are not supporting older EV models with replacement parts.
- Similar to smartphones—once the battery fails, the car may become useless.
- High heat, cold, and fast charging can reduce battery lifespan.
- Final Takeaway
- Do your research before buying a used EV!
- Ensure battery availability and potential replacement costs.
- Let us know your thoughts—are EVs a smart investment or a risky purchase?
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