Buy Used Electric Cars Can Be Big Profits, As Long As You Know How

JAKARTA The price of used electric cars has indeed decreased significantly compared to cars with internal combustion engines (ICE) in the global market. This is due to the high production and competition in the electric car market, which has an impact on the price of new electric cars continuing to decline, which has an impact on the resale value of used cars. For example, data from Auto Traders in the UK shows that the price of used electric cars fell 20.7 percent year-on-year in June 2023, while ICE cars also experienced a decline, but not that big.

With high production, the supply of used electric cars has also increased rapidly, especially in markets like Europe, where eight out of ten people buy used cars. This causes oversupply, which suppresses prices further. In fact, according to the IEA (International Energy Agency), the used car market is very important for the mass adoption of electric cars, especially as new cars remain expensive.

However, it is important to note that this trend can change over time, especially with increased battery life, government incentives, and increased charging infrastructure, which can help stabilize or even increase the value of used electric cars in the future.

Well, there is an interesting story about buying used electric cars like the first generation of the Tesla Model S. Reported by InsideEVs, Monday, July 28, the price of the early generation Tesla Model S in the United States starts at 6,000 US dollars or the equivalent of Rp. 98.3 million. Unfortunately, many do not know that repairing high-voltage batteries can cause repair costs of more than 20,000 US dollars (equivalent to Rp. 327 million). However, for those who understand, it turns out that the Tesla Model S can be changed to be more powerful and efficient in the pockets.

It was Alex from Out of Spec Renew, a special EV workshop that leaked it. He provides a smart solution by replacing the old battery with a used battery with a capacity greater than the newer Tesla model.

For example, Alex's Tesla Model S 2015. Initially using a 70 kWh battery, this car has traveled more than 470.000 miles (756.391km). Now, the battery is exchanged for a 100 kWh version from another Tesla, only at a cost of around 12.000 US dollars (equivalent to IDR 196 million).

The result? Is much more efficient and powerful. The 15-minute Supercharger charge used to only add 15 kWh of energy and 66 kilometers of distance (41 miles), can now absorb 29 kWh of enough for 122 kilometers (76 miles). That is, an increase of up to 85 percent!

Although there is a slight decrease in efficiency by about 5 percent due to heavier battery weights, the benefits remain much greater. The cheaper cost of buying a new electric car, the longer reach, and the higher performance" prove that buying used electric cars is not just saving, but can also be very profitable if you know tricks and solutions.