Finshots Daily What happens when EVs flood the used market?
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Aug 11, 2025 The discussion dives into the fate of electric vehicles as they hit the second-hand market. It tackles the challenges posed by battery degradation and its effect on resale values. The need for a robust second-hand battery economy is highlighted, emphasizing potential policy changes. With rising EV adoption in India, the conversation sheds light on exciting opportunities and hurdles in fostering a sustainable market for electric vehicles.
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India Hits 5% EV Registrations
- Electric vehicles hit over 5% of registrations in July, adding about 180,000 new EVs.
- Two-wheelers led growth while cars and investments like WinFast and Tesla signalled momentum.
Battery Drives Second-Hand Value
- The battery can represent 50–60% of an EV's resale value.
- If the battery is written off, the car's resale value can collapse and replacements may be uneconomical.
Heat And Fast Charging Accelerate Degradation
- EV batteries degrade about 1.8% per year in ideal conditions.
- In hot climates with frequent rapid charging, they can lose roughly 5.4% annually, cutting range and value.