The Expert Podcast

…Here's another reason why it's crucially important. To evaluate the health of an electric vehicle battery If you're buying a used Ev. This is a repair. Estimate…for an electric vehicle that was purchased. By a customer. That very shortly after the purchase needed a new battery and the battery cost $26,000. You had labor taxes of a total of 29 and some change rounded off Call it 30. So how old is the vehicle We'll look right here to mileage 70,000 miles And you might say, well wait a minute. Don't these cars have. A warranty on the battery They do. But the battery warranty normally expires at a hundred thousand miles or eight years. Well guess what. This car is a 2014 It's past the eight year timeframe. So now in order to. Have this car working again? You have to pay $29,000. Well the car is probably not even new Chevy bolt or Chevy volt…Or a year a new E V for not much more. So the question is are electric vehicles going to go the way of like cell phones, where once the battery wears out you just get a new phone. You don't replace the battery and your cell phone, you don't replace the battery in your electric vehicle. What's that going to do for the car market? Is that going to change the way people buy and sell cars? Is it going to make it more expensive? If you're somebody who buys cars and keeps them for a long time? To lower your automotive expense. Is that going to throw a new expense into the mix? Put the comments below let us know what you think.