My observations, which certainly don't reflect the current state of the tech (although if I'm buying a used EV, I'm not buying the current tech). But that's my bias nonetheless. I do think I overemphasized this, though, because while this is what makes me shy away from the idea of used EVs, it's not the reason why I avoid buying cars that are too new (which includes pretty much all EVs).
Here's the truth based on an observation: Tesla's battery capacity degrades 12% after 200k miles. Source: https://insideevs.com/news/664106/tesla-battery-capacity-deg...
200k miles is effectively the lifetime of a car. Average US person drives 10k miles so that's 20 years of driving.
Tesla's warranty "guarantee at least 70 percent retention of battery capacity over 8 years and 100,000 miles or more". Source: https://www.motortrend.com/features/tesla-battery-warranty/
And latest chemistries are even better. In 2020 Jeff Dahn (who leads battery research group in Canada funded by Tesla) published a paper about million mile battery. Source: https://www.electrochem.org/dahn-unveils-million-mile-batter...
Since Tesla funds Dahn's research, they get the IP. This is just in the lab but those advancements are trickling, over time, to Tesla's battery making (and not just Tesla: every battery maker does research to make batteries cheaper and last longer).
Key word: WAS
Of course, modern EVs, and basically all Teslas, have bigger batteries with better cooling, so it's no longer an issue. But the belief won't die, just like how people still make memes about Java being slow as if it's still 1998.
With an electric car, how can one tell if the pack has been charged all the way up to 100% all the time (vs. the much better 40-70% range)?
This is the "term premium" of batteries it seems, and I honestly don't know if there's a reliable answer.
I'd feel a lot better about the state of the battery if I bought one used, rather than the state of the ICE. It's possible to borescope it, but you have no way of telling how long the previous owner went between oil changes, if they flogged it out to redline regularly, etc.
Getting into the technician menus on Teslas is well documented, they also report a ton of data and can do a lot of diagnostics on the battery.
So if you're looking for a car with the least amount of battery degradation between purchase and EOL, buying a used EV rather than new is actually the better decision.
Batteries last a LONG time assuming the vehicle manufacturer has put proper heat and SoC management into the battery controller (ie, not a Nissan Leaf).
I thought my 7 year old Ford Focus EV would be half the range of its 110mi battery by now but it still posts near-perfect range (it's lost about 5%).
-At 50k miles; EVs $600, Plug-in $1,050, ICE $1,400.
-100k miles; EVs $2,000, Plug-ins $2,600, ICE $4,400.
-200k miles; EVs $6,300, Plug-ins $5,900, ICE $12,300.
EVs use about 30kWh to go 100 miles [3] and at the US national average for electricity [4], that would be about $ 9,978 to drive 200k miles. ICE vehicles vary, but 35 mpg combined is pretty average for compact cars. At the US national average for gasoline [5], that is $ 17,548 to drive 200k miles. Plug-in hybrids use about 29kWh to go 100 miles and about 48 mpg. Just assuming 50/50 driving on gas or electric, that’s about $11,220 to drive 200k miles.
So maintenance and fuel cost over 200k miles would be roughly:
-EVs $18,852
-Plug-in Hybrids $17,120
-ICE $29,848
[0] https://thedriven.io/2024/09/19/new-study-finds-vast-majorit...
[1] https://www.caranddriver.com/research/a32758625/how-many-mil...
[2] https://arstechnica.com/cars/2020/10/owning-an-electric-car-...
[3] https://www.perchenergy.com/energy-calculators/electric-car-...