Lol. More than the car.

Insurance claims aside, could be worthless in the second hand market outside of warranty.

 

Thank God we have 10 year/120k battery-drivetrain warranties. The battery pack is the most expensive component of BEV's. Motors and other components are cheap

 

Nothing new with insurance companies, unfortunately. This is something that will improve with more EV adoption and data over time.

https://www.reuters.com/business/aut...ar-2023-03-20/

 

It's interesting how the media twist the news: "While some automakers like Ford Motor Co (F.N) and General Motors Co (GM.N) said they have made battery packs easier to repair, Tesla Inc (TSLA.O) has taken the opposite tack with its Texas-built Model Y, whose new structural battery pack has been described by experts as having "zero repairability."

They didn't mention that they are 100 percent recyclable, Munro Live did a few videos on battery recycling, and several videos on the 4680 Structural Battery Pack. If they just did a tiny bit more work trying to write this story. Sigh......

 

I guess you didn't read the article. This was a dealership scam. If you consider 300K miles on a vehicle to be disposable, than most cars are disposable, as most EV's battery packs easily last over 300k. And no battery pack is $60k. in addition, battery packs are well protected, so to get a scratch, you have to have gotten into a major accident or smashed into a really big rock lol. I had a friend who changed his Model S battery pack....$7500. He paid $40k on a high mileage Model S and changed the battery pack out of caution, now he owns a car originally bought for over $90k for $47k....a bargain for a 600 hp high performance car.

You should really analyze the article, it's really easy to figure out they didn't do their research

 

It's a bit like that Rivian and all the articles about the supposedly 41K repair after a minor fender bender. Which didn't, of course, end up actually being a 41K repair when you looked into it - but one of those two things drives far fewer clicks than the other...

 

Well, those clickbait article work. People looking for any negative news on EV's have only to turn to news articles from writers that leave facts out, or just don't do basic research

 

For people shopping for used cars, it's not just mileage

Time is a killer and can be just as hard as mileage.

It's good if a battery can go 300k but it will need to stand the test of time and make it like 20 Years

What good is a car that's 20 years old and it's only got 100k but the battery is toast because of age.

This will be the Achilles heel for used car EV values. People will need to see the value of buying one after a number of years and miles.IMO

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If it wasn't under warranty, I wouldn't get it done at a Tesla service center the same way I never took my Toyota and Lexus car's to dealerships after the warranty expired. In Southern California there are several Tesla shops that install and repair battery packs with warranty, which is what my friend did. Here's an example:

https://www.evsrepublic.com/battery-...hoC5HEQAvD_BwE

This feedback says it all why I wouldn't take any car out of warranty to a Tesla service center or if I had a non Tesla, to a dealership:




A battery pack will never cost you $50k or $60k unless you are being completely ripped off which the dealership was clearly doing. A battery pack is covered from failure 8 to 10 years and 120K miles. If a battery is every damaged, it's usually from an accident, as they are besides the passenger cabin the most reinforced part of the car. They are than covered by insurance. I've had EV's since 2020, and now have four, and the cost of insurance is not that much more than my regular cars. My Model Y is the most expensive to insure, and that's because it has so much double pane glass, including a giant glass roof.

Do EV's have a higher repair cost than ICE? I'm not going to lie to you, they do, battery packs aren't cheap. But like everything else, cost will go down over time. A Tesla Model Y today is $20k cheaper than this same time last year

 

Do you think the mfg's will start taking the used car values more serious if the resale value on ev's takes a hit because of battery cost and repairs?

 

First of all, most BEV owners don't even have to worry about battery packs, they come with 8 to 10 year warranties up to 120k miles. If a battery pack fails, the manufacture has to replace it. The second way a battery pack fails is if the car is in an accident, the structural integrity of the battery is damaged. This is then covered by your insurance.

The next thing I want to bring up is battery price of battery packs. From 2008 to 2022, the cost of BEV battery packs declined 89 percent:



https://www.energy.gov/eere/vehicles...s%20per%20year.

The price of battery packs will continue to decline, like everything else does, please see Tesla.

For your last question, for sure as the battery pack in an EV gets older, this will affect the price of the car. But in 5 or 10 years when the costs of battery packs drop another 89 percent, replacing them will be cheaper. I watched a battery pack replacement, and it's much simpler and faster than an engine. The guy disconnected all the wires, unbolted the battery pack, lowered it, put in the new pack and reconnected everything. Took an hour for removal and an hour to reinstall the new battery pack

 

Thank you @AMIRZA786, that's good to hear!

Many people don't think resale is important down the line because they lease or buy new but it is huge important. IMO

Also, some people may think that only New Car Sales matter but nothing can be further than the truth,

The car has to be built with resale value in mind.
Another words, if the car was made to be "disposable" and there is nobody who wants the cars- the end of low payment leases are OVER. lol

Somebody will have to absorb the cost of making a car that is too expensive to repair because the used car market will reject it and the cars will have very low resale value aka high depreciation. IMO

 

I totally get that. I can tell you that Tesla's were not built to be disposable. People are still driving 2014 Model S's here. In fact, used Tesla's had a huge resale value until Tesla started doing price cuts earlier in the year, so regardless of age, used Tesla's only took a hit because of price cuts of new models at the top. The whole used car market took a hit from Tesla's price cuts. Once Tesla is done with price cuts, the market will normalize again.

The same thing will happen with all BEV's, once they have established themselves, they will do well in the used market. Just save this post and show it to me in a few years, you'll either be telling me I'm on spot, or full of it

 

This thread was about the Ioniq 5 in Canada and yes the battery pack is $60k standalone End of story.

They come from Korea and the pricing is set by corporate. I don’t expect the price to be much different in the US.

Insurers will set the premium accordingly because any damage to the under carriage will be an instant write off.

 

I run into this in my field a lot.

Situation where a replacement part costs as much as a new unit.

It's like a big middle finger in the face. Lol
Have to scap it and buy new.