EV batteries don’t typically catastrophically fail, they gradually degrade in max capacity. And many combustion cars also have expensive repairs needed near the 10-15 year mark. My Ioniq 5 has 300 miles of range now, and we really only need about 120 miles for a week of commuting for my wife. So we could afford a 50% hit before needing to do something about it, which should be quite a long while from now. We just couldn’t take it on long road trips. So at least for me, the battery replacement cost in 10-15 years is not a big concern. We’d probably lean towards replacing the the whole car before just the battery.
For comparison, our combustion car is 11 years old at this point. It’s in rough shape and could be replaced, but my commute is short. Hoping to hold off on replacing it for another ~4 years unless there’s an expensive repair needed. The EV battery tech is evolving so rapidly these days that I expect cars with 500+ miles of range will be on the market by the time we buy a second EV.
Yeah, but then I wonder if the cost of replacing the battery would exceed the cost of an ice vehicles maintenance?
You got Hyundai trying to charge more than what the car is worth new, for a replacement battery pack.
EV batteries don’t typically catastrophically fail, they gradually degrade in max capacity. And many combustion cars also have expensive repairs needed near the 10-15 year mark. My Ioniq 5 has 300 miles of range now, and we really only need about 120 miles for a week of commuting for my wife. So we could afford a 50% hit before needing to do something about it, which should be quite a long while from now. We just couldn’t take it on long road trips. So at least for me, the battery replacement cost in 10-15 years is not a big concern. We’d probably lean towards replacing the the whole car before just the battery.
For comparison, our combustion car is 11 years old at this point. It’s in rough shape and could be replaced, but my commute is short. Hoping to hold off on replacing it for another ~4 years unless there’s an expensive repair needed. The EV battery tech is evolving so rapidly these days that I expect cars with 500+ miles of range will be on the market by the time we buy a second EV.