EV battery health can vary by more than 13%, study finds
Compiled by ADME Newsroom from 1 source
First reported by AutoTalk Australia ·
Image: AutoTalk Australia
The quick read
- Battery health can vary significantly between used electric vehicles of the same model
- Differences of up to 13.5% in battery health have been recorded
- This variation can impact the vehicle's performance, range, and overall customer satisfaction
- Dealers need to assess battery health accurately to avoid overpricing or underpricing used EVs
For dealers: Accurate assessment of battery health is crucial to avoid overpricing or underpricing used EVs and to maintain customer trust and profitability
AI-assisted summary of the coverage below — check the original reporting before relying on specifics.
ADME commentary
The ADME angle
Australian dealers need to rethink their used EV pricing strategy due to the significant variation in battery health between models of the same make
This 13.5% difference in battery health can result in a substantial difference in the vehicle's overall value, affecting the resale price and the dealer's profit margin
Understanding Battery Health
The study's findings highlight the importance of assessing the battery health of used EVs accurately, as it can impact the vehicle's performance, range, and overall customer satisfaction
Dealers who fail to account for this variation may end up overpricing or underpricing their used EVs, leading to lost sales or reduced profitability
Impact on Stock and Ordering
To mitigate this risk, dealers should consider implementing a thorough battery health assessment process for all used EVs in their inventory, using data from the study to inform their pricing and stocking decisions
This will enable them to make more informed decisions about which models to stock, how to price them, and how to market them to customers
Taking Action
This week, dealers can take a decisive step by reviewing their current used EV inventory and assessing the battery health of each vehicle, using this information to adjust their pricing and marketing strategies accordingly
Full coverage
EV battery health can vary by more than 13%, study finds
Battery health can vary significantly between used electric vehicles of the same model, with differences of up to 13.5% recorded in a new study of more than 500,000 battery tests. Independent…
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