New basic EV truck

[IXLR8]

I have wondered the same thing as we hardly put any miles on our vehicles. Would the battery become useless long before the rest of the vehicle sees wear?

Just like your computer, the battery life has a limited number discharge/recharge cycles. That number is pretty high with the charge control systems in the cars today. If you don't use it, you won't loose it, as far as battery life is concerned.
On the other hand, I seriously doubt that the EV credit will still be available by the time this thing actually hits the market. So I wouldn't be counting on that.

 

[2manyrocks]

It seemed designed to soak up the EV tax credit. If the credit were repealed today, would they even build these?

 

[Jstpssng]

Being that the Maverick is made in Mexico, who knows what the future price will be.

I'm not sure where he finds a Maverick today for $23000. The last time I checked they were over 25, and that was a couple of years ago.

 

[newbury]

If I had to guess probably less than 5% of new car sales are cash sales.

Correction, 12-15% of new car sales are cash; but anyone in the market for a 20k vehicle is likely not going to have 20k sitting around. Edmunds. 2023, 15% cash buyers.

I would guess the cheaper the car, the less cash sales.

A lot of "Harry Homeowners" need just that type of vehicle occasionally.
Easy to put a ladder rack on and carry several 2x4x?? or a few sheets of plywood, or a load of branches or even a ladder.
And as far as "cash sales" - my last 4 vehicles, from about 2010 on, I found it cheaper to take a loan out from my CU rather than draw down my bank accounts because the CU's loan interest rate beat what I was earning on my money in bonds/T-bills by a few %. Borrow from CU at 2%, loan to Treasury at 4%. So I skew the statistics.

 

[ponytug]

So, not Slate specific, more EV question. How does age and/or milage affect resale? I would think miles are less important than age? Would there be a display showing how many charge-discharge cycles are on the battery? Or are all of the current EVs basically disposable after 5-8 years?

I have wondered the same thing as we hardly put any miles on our vehicles. Would the battery become useless long before the rest of the vehicle sees wear?

Every EV that I know reports range, which is a proxy for battery capacity, and there is usually a way to get the data from the BMS about the fraction of battery capacity/ degradation. Even most phones report it somewhere.

As far as resale, from what I have seen, it depends a lot on the vehicle, as some, e.g. Leaf, seem to hold resale values better than others, but battery capacity is definitely key. I have one vehicle where the battery was worth more than the vehicle the last time that I checked. Go figure.

All the best,

Peter

 

[paulsharvey]

I'm not sure where he finds a Maverick today for $23000. The last time I checked they were over 25, and that was a couple of years ago.

The Slate is starting at $27,500 according to everything I've seen. So, yeah for right at $31k, you can get a pretty decent Maverick.

 

[paulsharvey]

A lot of "Harry Homeowners" need just that type of vehicle occasionally.
Easy to put a ladder rack on and carry several 2x4x?? or a few sheets of plywood, or a load of branches or even a ladder.
And as far as "cash sales" - my last 4 vehicles, from about 2010 on, I found it cheaper to take a loan out from my CU rather than draw down my bank accounts because the CU's loan interest rate beat what I was earning on my money in bonds/T-bills by a few %. Borrow from CU at 2%, loan to Treasury at 4%. So I skew the statistics.

Yes, that's my point, as a 3rd vehicle, assuming 2 drivers; and maybe a kid or two that might borrow it; it has to be Cheap to make sense. I mean Cheap. It better be cheaper than a 2015-2020 Colorado/Ranger/Nissian Frontier, or atleast comparable.

At $27,500; I just think there are more capable vehicles in the 2-3 year old range; or close enough in price, with more capabilities/luxuries.

Now, my point was, without the EV check. With that EV check, a price of $20,000 is atleast 25% cheaper than a Maverick.

I dont know if insurance in an EV is more/less or unaffected compared to a traditional vehicle. Tags are same, or a bit more, cause of weight, but not significantly

 

[paulsharvey]

Just like your computer, the battery life has a limited number discharge/recharge cycles. That number is pretty high with the charge control systems in the cars today. If you don't use it, you won't loose it, as far as battery life is concerned.
On the other hand, I seriously doubt that the EV credit will still be available by the time this thing actually hits the market. So I wouldn't be counting on that.

Yeah, but you also have a rapidly evolving battery tech. So, just like a computer or phone, that 5 year old EV might still work, but if in 2031, they have a comparable vehicle with 300 mile range, faster charging, whatever, that 5 year old Slate's value is going to be pretty dang low.

Some searching suggests a traditional light truck resells after 5 years for 65.7% of the original purchase price. I would think EV would take a bigger hit?

 

[paulsharvey]

I'm kinda wondering where this Slate is on the cost vs capabilities bell curve, and that we might be to the point we are removing features for small, small cost savings.

At a certain point, do you want to remove the cup holders to save $50? What did we have with the crank windows, maybe $100?

Some of the big expensive, useless features are mandated, like air bags, and all that. So, we probably have $5000 in mandated BS.

 

[paulsharvey]

In about 30.seconds i found multiple FWD Mavericks, new, from $26,500-28,500; and a couple AWDs, new, for $33,000. With that, you get a radio and some other luxurys, like a glove box and cup holders.

So, the Slate IMO, is a $20,000 vehicle, selling for $27,500; and then the only thing giving it an advantage is the federal $7,500 EV check.

With all that negativity; i do see people working on "how cheap can we build a street legal vehicle" as a good thing.