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CloseHow to improve the residual value of electric vehicles
Discover how battery-electric vehicles are transitioning from early adopters to the mass market and how you can protect residual values whilst considering pricing all in one place.
Learn why maintaining battery health is crucial for the long-term value of your portfolio.
HOW VEHICLE UPGRADES MAINTAIN RVS
Understand how software updates and hardware improvements can keep your EVs valuable.
CREATE A SOLID RESALE STRATEGY
Discover the best practices for pricing and marketing for your EV portfolio in the used car market.
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Why battery health is integral to maintaining the residual value of your vehicle
Maintaining good battery health is essential for your EV portfolio, as battery degradation affects market desirability.
The battery is a crucial EV component, affecting performance, range, and residual value. To manage and extend the health of an EV’s battery, you must:
- Avoid over-charging the battery – keep it between 20% and 80%
- Park in shaded areas and avoid extreme climate
- Regularly update vehicle software
- Schedule regular maintenance check-ups for your EV portfolio
By managing your portfolio’s battery health, you can maintain higher RVs and strengthen profit margins.
We provide the most recent information on EVs, including battery details such as demand and cell chemistry. Get EV Volumes today to gain insights into the evolving trends in EV batteries and access the latest specifications.
How vehicle upgrades improve the resale value of your EVs
To boost resale value, the electric vehicles in your portfolio should have the latest software updates and hardware upgrades. Consistent updates lead to enhanced performance, user experience and residual values.
Newer EV models receive over-the-air software updates and hardware upgrades, enhancing their resale value and competitiveness in the used-car market.
EVs in your portfolio that adapt to regulations surrounding emissions, safety and autonomous driving are more likely to remain relevant in the market.
With EV Volumes, you can see how the market and technology are developing to ensure you stay on track. With access to raw electric vehicle data and future roll-outs, you can create up-to-date sales strategies and stock the most profitable vehicles.
Why good pricing and marketing strategies can enhance an EV’s residual value
Due to increasing consumer demand and selectivity, selling an electric vehicle requires careful strategic planning with a unique approach to pricing and marketing.
EVs typically depreciate faster early on, which should be considered when you price for warranties and upgrades.
Overpricing or under-pricing an EV can damage your brand and the vehicle’s residual value. To fairly price an electric vehicle, you need accurate data covering batteries, software and infotainment system. Factors like the car’s battery, software, or infotainment system could also enhance its value.
Our data-driven tool Car To Market gives you access to our team of 750 experts, helping you build a better brand and vehicle. For up to four years before launching your new EV, Car To Market can help strengthen residual values for more profits across 20 countries.