Know These Top 5 Tips Before You BUY A Used Electric Scooter Or Car | Facts To Know Before Buying A Second-Hand EV
The upfront cost of owning an Electric Vehicle is very high compared to ICE vehicles. If you have budget constraints, you can opt for a Pre-owned or used electric vehicles at a slightly cheaper price. However, you have keep in mind some points while buying a second-hand electric vehicle.
Why used EV?
Whether you buy a new EV or a used EV neither of them produce pollution, on the other hand if a person buys a 1 year old petrol scooter, it may not be in a good condition. In addition if a 10 years used petrol scooter is bought, it will create huge pollution. Moreover, Compared to the ICE vehicles, the depreciation value of EV’s is also slower. According to some reports – An electric vehicle loses around 20% of it’s value as soon as the consumer buys it which is however low than that of petrol vehicles.
The important factor to consider when buying a used EV is the battery health. There are also some startups which help you determine the battery health of the EV. However, used EVs with good battery health are very common to find. Still, you should check the remaining battery life before spending the money.
The range of an EV depends on the battery capacity. The larger the battery capacity is, the longe range the EV will offer. However, it also depends upon the driving habits, for how many times the battery is charged, the range claimed by the company and actual range. Hence, before buying a used EV, always test drive the vehicle as per your driving habits to see the difference between the actual range and claimed range.
If compared to home charging network, the fast charger can ruin the battery capacity faster. Thus, It is not recommended to 100% depend on fast charging. Always prefer to have charging setup at your home or office, so the battery will last longer. If you do frequent long drives, look for the fast charging options beforehand and plan your route. While quite a few companies like Tata Power and Fortum are setting up more and more fast chargers, the limited availability in the current state might add some delay to your trips.
Cost of Ownership
The cost of ownership includes the cost of purchase and the overall cost of maintenance during the lifecycle of the EV. In the long run, the cost of ownership with lower maintenance costs and lower electricity prices. Hence, will make an electric vehicle value for money than the ICE vehicle. However, if you are worried about the high battery pack prices, almost all the electric cars on sale in India come with around 8-year warranty for the battery pack.