Anytime we see examples of EV battery replacement costs, we always like to feature them here. Here’s an article from Green Cars, another source of valuable data. While we have quoted some other resources before, this is a new source discussing the cost of replacing an EV battery.
Real-World Examples of Replacement Costs
The article provides real-world examples of replacement costs, citing the Prius at $2,700 and a Tesla at $20,000. This wide range in prices emphasizes the variability in costs across different electric vehicle models. It’s noted that the price of lithium-ion battery packs has declined since 2007, a positive trend for EV owners.
Tesla Model S 2020 and Future Projections
Discussing specific models, a Tesla Model S in 2020 would cost $16,000 before labor. However, there is optimism that future production cost reductions might bring this down to $7,000 for the part alone. The article mentions a current cost of $89 per kilowatt-hour, with projections suggesting it could drop to $56 in the next decade.
Average Cost Trends and Variability
As of 2020, the average cost for a kilowatt-hour was $137. This information underscores the potential for significant cost reductions in the coming years. The article highlights that a typical EV battery with 40 kilowatt-hours could be priced around $5,000 to $6,000, while some batteries may reach $13,000. Labor costs are also mentioned as an additional expense.
Used Market and Pricing Variations
Exploring the used market, eBay serves as a source for second-hand EV batteries. Specific examples include a Nissan Leaf at $6,200, a Chevy Bolt at $16,000, and a BMW i3 with a $13,500 battery. The considerable range in prices illustrates the diversity in costs when obtaining a replacement battery for various electric vehicles.
Availability and the Future Challenge
The article raises concerns about the availability of batteries, particularly for older electric vehicles. Some models may face challenges in finding replacement batteries as they age. The question of availability becomes crucial, as once a vehicle reaches below 70 percent capacity, the factory warranty may not cover replacement.
Planning for Battery Replacement
For electric vehicle owners facing decreasing battery capacity, the article suggests planning ahead. Once capacity falls below 70 percent, the factory warranty might come into play. However, for those still above this threshold and not yet covered by warranty, exploring the used battery market is recommended, especially considering that certain batteries are already out of production.
Call for Real-World Experiences
The article concludes with a call to action for the audience, urging those who have replaced their electric vehicle batteries to share their experiences. Readers are invited to comment below, providing details such as the cost and, if available, a copy of the receipt. This encourages a community exchange of real-world examples and insights into electric vehicle battery replacement costs.