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Cake day: October 25th, 2023

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  • Important distinctions from new that might make the comparison less relevant.

    ICE cars typically have relatively short warranty periods after which repairs are all on your dime.

    EVs more typically have 8 year 100k+ mile warranties on battery and drivetrain so battery failures at cost haven’t been very prevalent yet. At the same time, the battery reconditioning business hasn’t really needed to expand because most cars haven’t timed out of battery warranties.

    Other important distinction is that the ICE engine reliability is at steady state more or less. EV battery technology has already drastically evolved over the last 5 or 10 year period and should be trending even more reliable every year.