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Generational Unveils EV Battery Health Tool for Used Car Market

Generational introduces a new EV battery health assessment tool, helping dealers and buyers evaluate used electric vehicles with transparency. Learn how it impacts the market.

The used electric vehicle market is experiencing rapid growth, but one major challenge remains: the uncertainty surrounding battery health. UK-based startup Generational has introduced an innovative solution aimed at increasing trust in this segment—a battery health assessment tool for EVs, accessible via a mobile app.

The technology enables dealers to quickly and accurately assess the key component of an electric vehicle: its battery. By connecting to the OBD port, the device retrieves data and compares it against the manufacturer’s original specifications. This isn't just a simple diagnostic scan but a comprehensive analysis that evaluates the actual battery capacity and its impact on real-world driving range.

For buyers, this means greater transparency. For sellers, it translates into faster transactions and improved profitability. Carbase, one of the early adopters, reported a 300% increase in EV listing views, demonstrating strong demand for verified electric cars.

The growing number of used EVs on the UK market further underscores the relevance of such solutions. In 2024, used EV sales surged by 57.4%, reaching 188,382 units sold—a record high. However, the increased supply has also led to price drops, with some models losing up to 50% of their value within the first year. This makes battery health verification not just an added benefit but a crucial factor in determining fair market pricing.

Beyond dealerships, Generational is expanding its technology into the leasing sector. By assessing battery health, leasing companies can more accurately predict residual values, making EV resales more predictable and financially viable.

Ultimately, Generational’s technology is not just a convenient tool—it’s a step toward establishing a new standard of transparency in the EV market. With used EV sales continuing to rise and price volatility remaining a concern, solutions like this could play a pivotal role in fostering confidence among both buyers and sellers.

Source: am-online.com

Mark Havelin

2025, Feb 18 13:09

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