Companies such as hybrid2go and offer full-service battery replacement with lifetime warranties. But third-party batteries could cost less. So far, we have only talked about the replacement battery cost through the manufacturer. According to this study, the price of lithium-ion EV battery packs could fall from $500-$600 per kilowatt hour today to around $160 by 2025 due to a rise in EV sales and a drop in component prices.Īlso keep in mind that EV manufacturers are turning to solid-state battery packs which are less expensive, last longer, and are capable of taking consumers over 500 miles on a charge.ĮV Battery Replacement Costs: Third-Party Batteries A recent report by McKinsey & Company suggests that EV batteries could drop a further 70 percent in price by 2025. The Department of Energy’s Vehicle Technologies Office estimates the cost of electric vehicle lithium-ion battery packs have declined 89 percent between 20, using 2022 constant dollars. The price you would pay today will be more than it would be if you replaced the battery ten years from now when it is showing signs of age through battery degradation. So, consider that the cost of batteries will continue to drop as more people purchase EVs. For instance, replacing the battery in a Prius might only cost you $2,700 while replacing the battery pack in that Tesla could set you back up to $20,000.Īs of this writing, battery replacements are fairly rare and there isn’t much information out there on costs to replace EV batteries. The batteries used in hybrid cars such as the Toyota Prius are smaller and less expensive to replace than the big heavy battery packs found in vehicles such as the Ford F-150 Lightning pickup truck or Tesla Model S. It could also cost as little as $2,500 to replace the battery.
#ELECTRIC CAR BATTERY REPLACEMENT COST FREE#
Depending on the EV you drive, replacing the battery pack could be free if your car is still under warranty, or it could cost up to $20,000 depending on the make and model of car.
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