What?
A recent study by Recurrent Auto analyzed over 20,000 electric vehicles (EVs) and found that only 2.5% of them had their batteries replaced. The study highlighted how the need for battery replacement is significantly lower in EVs built after 2015, with rates dropping to 1% or less for vehicles manufactured in 2016 or later. Older EVs, especially those built before 2015, have higher battery replacement rates, some as high as 13%.
Why does it matter?
For EV owners concerned about the high cost of replacing batteries (often exceeding $20,000), this study brings reassuring news. The analysis indicates that newer EV models experience slower battery degradation and have lower chances of needing a battery replacement compared to older models. Factors such as battery chemistry, thermal management systems, and overall technological advancements contribute to the longevity of EV battery packs.
With the rapid growth in battery capacity over the years, newer EVs are equipped with larger battery packs, enabling them to maintain functionality for longer periods before requiring replacements. Additionally, ongoing advancements in thermal management systems and battery chemistry are expected to further extend the lifespan of EV batteries. The study underscores the importance of considering the age of the EV and the corresponding improvements in battery technology when assessing the likelihood of battery replacement.
How is it going to shape the future?
The findings of the study provide valuable insights for current and prospective EV owners. As technology continues to evolve, future EV models are expected to offer even better battery performance, reduced degradation, and longer lifespan. The trend towards improved battery capacity and efficiency suggests that concerns about battery replacement costs may diminish over time.
With ongoing research and development in battery technology, including the potential breakthroughs in solid-state batteries, the future looks promising for EV sustainability and affordability. As manufacturers and suppliers work towards enhancing battery durability and performance, EV owners can look forward to more reliable and long-lasting battery solutions, ultimately shaping a more efficient and cost-effective EV market.
Source: https://insideevs.com/news/720398/study-battery-replacement-rates-evs/