The market for pre-owned electric vehicle batteries is reportedly growing increasingly in-demand, a trend Tesla manager Michael Oates says may be the future of EV viability.
Data from the Society of Motor Manufacturers and Traders noted that pre-owned EV battery sales increased 81.8% during the second financial quarter, reaching a 1.7% market share.
According to Oates, used EV batteries could be the make or break affordability factor in inspiring traditional combustion engine drivers toward switching toward electric.
“That’s why I believe that used cars are absolutely pivotal to ensure that as many people as possible can experience the sheer joy of owning and driving an electric car,” said Oates.
