Buying any used car is a bit like buying the proverbial pig in a poke, and for an EV, there are additional questions to ponder: What’s the state of the battery, and how much range can I expect?
These are the questions that Recurrent Reports aim to help car shoppers answer when buying a used EV. Recurrent’s dealership partners are able to offer detailed information about each EV, such as the vehicle’s remaining battery warranty, its maximum expected range, and how that range might change in the future.
Now Recurrent has expanded its coverage to include “most dealerships and over 65,000 used cars nationwide.”
Recurrent Reports estimate range today and in the future by analyzing vehicle history, VIN-specific insights about the battery, and data from some 40 million real-world EV trips. Each report includes a value called Range Score that compares current expected range with the car’s range when new. For example, a Range Score of 97 means that the vehicle should still achieve 97% of its original range.
Recurrent’s dealership partners can take the Recurrent Report one step further through a Range Verification process. Once a vehicle has been physically inspected, a “Range Verified” label will be displayed on the Recurrent Report. Dealerships can use this information to assess EVs offered for trade-in.
Now that some used EVs are eligible for federal tax credits, Recurrent has launched a tax credit eligibility tool. For each used vehicle for sale in the US, Recurrent’s system will analyze the model year, price, battery size, seller and sale history to predict if it is eligible for a used EV tax credit.
Source: Recurrent
Source: Charged EVs