EV Battery Life Exceeds Expectations in Study of 15,000 Electric Cars
Recurrent, the car industry's leading analyst of electric vehicle (EV) range and batteries, today reveals new data showing that only 1.5% of EV batteries have been replaced in its community of 15,000 owners. The data is a testament to EV durability that helps to dismantle consumer fears about maintenance cost and resale value.
Battery replacements for popular EV models can cost from $5,000 to $20,000 based on numerous factors. If a vehicle is within its manufacturer warranty – typically eight years and 100,000 miles – a battery can be replaced at no extra cost to the owner as long as minimum range or state of health thresholds are reached. That makes EV range and battery transparency essential for people who are buying or selling a used EV.
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"Used EV shoppers worry that the car battery will degrade quickly like a mobile phone battery, and not be able to hold a charge within a few years," said Liz Najman, lead researcher at Recurrent. "That is not a good comparison because EV packs are complex technology with battery management systems that carefully regulate things like charging and temperature. This research shows that batteries are holding up better than expected and replacements are not an automatic surprise expense for owners at 101,000 miles."
Edited by Victoria Watcher, 28 March 2023 - 05:43 AM.