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Tuesday 13 September 2022
Recurrent and Black Book aim to make used EV values more precise
What determines the value of a used car? For ICE vehicles, the odometer reading is a major factor, but for EVs, the health of the battery may be more important, as the battery is the most expensive part of the vehicle, and it naturally degrades over time.
However, there’s little in the way of data on battery aging to guide buyers and sellers.
Seattle-based startup Recurrent aims to change that, by providing independent reports on the condition of used EV batteries. Now the company is collaborating with the vehicle data and analytics firm Black Book to create an EV-specific valuation system that’s influenced by battery condition.
Read the whole story on chargedevs.com