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← Newsroom/EVs & hybrids

New study of more than 500,000 used EVs shows battery health is doing much better than most people think

Compiled by ADME Newsroom from 1 source

First reported by The Driven · 11 September at 8:33 am

Who's covering this — 1 article

EV specialists
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Image: The Driven

The quick read

Full coverage

The Driven·EV specialists·11 September at 8:33 am

New study of more than 500,000 used EVs shows battery health is doing much better than most people think

Used EVs battery health testing giant shares key state of health insights after testing 500,000 EVs around the world. The post New study of more than 500,000 used EVs shows battery health is doing…

Read at The Driven →

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The quick read

  • A study of over 500,000 used EVs shows that battery health is better than expected.
  • The study's findings could lead to increased demand for used EVs and impact new EV sales.
  • Dealers may need to adjust their ordering strategies to meet increased demand.
  • The value of used EVs may increase as their battery health is seen as more durable.

For dealers: Australian dealers who adapt quickly to the changing perception of EV battery health will be well-positioned to capitalize on the increased demand and stay ahead of the competition.

AI-assisted summary of the coverage below — check the original reporting before relying on specifics.

ADME commentary

The ADME angle

The battery health of used EVs is a major concern for potential buyers, and this study's findings could directly impact showroom traffic as Australian consumers become more confident in the durability of EVs.

A key insight from the testing of 500,000 EVs is that battery health is not degrading as quickly as expected, which could lead to increased demand for used EVs and a subsequent impact on new EV sales.

Understanding Battery Health

The study's results show that used EVs are retaining their battery health better than most people think, which could lead to a shift in consumer perception and increased interest in EVs as a whole.

This shift in perception could lead to increased competition in the EV market, as more consumers consider purchasing an EV, and dealers will need to be prepared to handle the increased demand and provide accurate information about battery health.

Impact on Stock and Ordering

Dealers who stock a range of used EVs could see an increase in sales as consumer confidence in battery health grows, and may need to adjust their ordering strategies to meet the increased demand.

The study's findings also have implications for pricing and margin, as the value of used EVs may increase as their battery health is seen as more durable, and dealers will need to adjust their pricing strategies accordingly.

Taking Action

This week, dealers can take the decisive action of reviewing their current stock of used EVs and adjusting their pricing and marketing strategies to reflect the new information about battery health, and be prepared to handle the potential increase in demand.

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