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Ownership Costs

All articles tagged with #ownership costs

EV Batteries Survive the Long Haul: Real-World Data Defies Early Fears
technology1 month ago

EV Batteries Survive the Long Haul: Real-World Data Defies Early Fears

Real-world data shows modern EV batteries degrade far slower than feared, with many cars retaining most of their original range after hundreds of thousands of miles (e.g., a five-year-old Tesla Model 3 hitting 247,000 miles). Recurrent estimates tell us battery replacements are now rare (about 0.3% for 2022+ EVs). Improvements come from advances in battery chemistry, thermal management, and battery-management software, though frequent high-power fast charging accelerates wear. Some automakers now design packs with modular repair options to cut long-term costs, addressing consumer concerns that persist despite growing reliability and expected sales growth into the late decade.

Record-High Car Prices Drive 84-Month Loan Boom for New Cars
business5 months ago

Record-High Car Prices Drive 84-Month Loan Boom for New Cars

With December 2025’s average new-car price at a record $50,326, buyers are increasingly financing for longer terms: 20.8% of loans were 84 months or longer and the average payment reached $722, while down payments dipped to about $6,228. The total cost of ownership has risen roughly 48% since 2019. A January dip to around $49,191 is not yet a trend. Longer loan terms also raise the risk of negative equity if car values fall.