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Buying a 3-year-old EV with 120,000 km on the odometer might be a better investment than a 6-year-old vehicle with only 50,000 km, due to the superior condition of the battery and technology.
The notion that batteries substantially degrade over time is becoming outdated. The progressive improvements in battery management systems and manufacturing quality are extending vehicle longevity.
Industry-Wide Improvements in Battery Technology
The advancements in battery technology and management systems over recent years are crucial drivers behind these impressive numbers. Earlier generation EVs often faced challenges with battery degradation, but modern EVs benefit from: