Stay updated with breaking news from Michael Willvonseder. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A race is on to certify battery health and performance in used electric vehicles, with a clutch of startups scrambling to help buyers work out how much a second-hand EV is really worth.
One of them is Altelium, a UK startup that has a developed an EV battery state-of-health test and certificate launching this year in more than 7,000 U.S. car dealers and over 5,000 UK dealers through dealer service providers including Assurant and GardX. Austrian startup Aviloo, which has developed a test for dealers and private individuals, has found that after 100,000 kilometres (62,140 miles) EV battery health can vary by up to 30%. According to EV battery tracking startup Recurrent, U.S. used EV prices in September were down 32% year-on-year, versus a 7% drop for fossil-fuel mo...