Boost Car Resale Value with EV Conversion

If you’ve been keeping up with automotive trends in the slightest, you know that the industry is steering hard into EVs. This is leaving a bitter taste in the mouth of gasoline car nationalists and vintage body loyalists. No matter which party you’re a member of, you don’t have to let your prized possession depreciate into dust. There’s a way to revitalize it and bring it into the fold of modernity: converting it into an electric vehicle. We know, we know, it’s sacrilege and all that. But pick your jaw up off the floor and let’s dive into the game-changing benefits of EV conversion, the steps to get it done, and why an EV conversion kit could be your smartest investment yet.

The Benefits of EV Conversion Kits

Imagine turning that old jalopy sitting in your garage into a one-of-a-kind electric-powered beast that buyers can’t resist. An electric conversion project is exactly that: a completely unique, revitalized vehicle that’s feeding a market hungry for green vehicles. The allure of conversion projects lies not only in their cutting-edge tech in a vintage body, but the cold, hard savings that they offer the buyer. EVs require less maintenance due to the reduced amount of moving parts, and electricity trumps gasoline in cost.

Beyond the wallet, there’s the planet to consider. EVs emit zero emissions, meaning you’ll be sleeping better at night. In fact, a conversion project produces a 10X lower carbon footprint than buying a brand new EV. When you put that bad boy on the market, you’re not just selling a car; you’re selling eco-consciousness in the shape of a car. Many states smile on that sort of thing, and they offer tons of incentives for EV conversions, from tax credits to rebates, which can significantly soften the blow to your buyers bank account.

Steps Involved in EV Conversion

First things first. Not every vehicle is a suitable candidate for conversion. Size up your ride and make sure it has the space and structural integrity to house the necessary components. We have a guide on the most suitable candidates for conversion here, but if you’re still not sure you can get in touch with us about your idea here. Once you’re ready to rock, it’s time to dive into the world of EV conversion kits, or EV swap kits. These bundle everything you need—from the electric motor, to batteries and controllers, to fancy auxiliary tech—into a nice, pretty package. Compatibility with your vehicle's specs here is paramount.

Next, it’s time to roll up your sleeves—or better yet, hire someone who actually knows what they’re doing. This isn’t a project to be undertaken lightly. In fact, if you’re unfamiliar with high-voltage electric components, do not do this yourself. But, if you are, be prepared for long nights in the garage. The old ICE engine and all its components need to go. This includes the engine (of course), its exhaust system, transmission (sometimes), starter and alternator, oil system, and fuel tank. Then, you install the EV conversion kit in its place—including the electric motor, batteries, and all supporting components.

Once the new system is in place, rigorous testing is a must, obviously. But be careful not to fall in love with this machine. You might decide against selling it. Finally, navigate the bureaucratic maze of getting your conversion project certified and registered. You’ll need to register your new specimen at the DMV and start applying for insurance. This can be a slightly convoluted process, but it’s necessary for making sure your ride is up to scratch. Because you can only truly hit the road once Uncle Sam gives you the green light.

The Damage: How Much to Convert a Car to Electric?

Converting a car isn’t cheap, but consider it an investment. The truth is, the cost can range anywhere from ~$16,500 to over $110,000 depending on your component choices. This includes the kit, labor, and other necessary parts of the project. We have a complete breakdown of the cost here. When you’re weighing the pros and cons of this project, think of the long-term savings, improved resale value, and price comparison in relation to a brand-new car and it’s clear this investment is a worthwhile consideration.

How Much Can EV Swap Add to Resale Value?

Here’s where it gets interesting. Conversion can jack up your car’s resale value by 20% to 50%. This can be huge for your beloved asset. As the market shifts to appreciate sustainability, buyers are willing to shell out extra for vehicles that align with that—not to mention the brownie points for a completely original car. Add that to the reduced operating costs and government incentives, and your converted EV becomes a hot commodity, commanding top dollar in the used car market.

Step into the shoes of a buyer for a moment. Would you prefer a gas-engine original VW Bug from the 1980s that could bottom out every time you take it out? Or, would you spend a little bit more for the same, classic body with a reliable electric engine that you could use as a daily driver? A wise man once said, “you can’t put a price on peace of mind.”

To wrap up, converting your car to electric can be a masterstroke for asset management. In a world that’s increasingly going green, making the switch boosts your vehicle's value in the marketplace significantly. By understanding the benefits, following the proper steps, and weighing the costs, you can transform your gasoline-powered relic into a future-proof asset.