EVs Are Great, Just Don't Buy The Battery
After one year of ownership we would expect EV residual values to be above the segment average expressed in terms of pound values. But, if the battery is owned rather than leased, and lacks the appropriate extended warranty, the value of the typical EV will then fall dramatically until the vehicle is five years old, at which point the car will have a trade value little more than 10 per cent of the list price
So says Andy Carroll, managing director of the British car-buying bible, Glass’s Guide. He tells BusinessCar that Nissan and other firms launching EVs in Britain should take out the battery cost and lease it to customers with minimum monthly performance clauses. This, he says, would dispel concerns, drive sales, and transform the resale picture. It’s also what Project Better Place is doing, albeit in a complete regional package with battery-swap stations and charging infrastructure.
OEMs should take notice: almost everyone has had a bunk battery in a cell phone or laptop at one point or another. And losing performance or range in a car is a lot different than having to plug in your phone every 12 hours. Besides, BMW got 450 people to pay $850 per month for MINI E “test” leases (and yes, their range went down in the cold). When the earlier adopters will pay enough each month to lease a CRV, Odyssey, Insight and Fit only for an electric MINI with less room (sorry mate, need room for the batteries), why not keep leasing? The luxury market runs on leases, why wouldn’t the EV market?