Quote:
Originally Posted by officedweller
... and if you had bought a new EV 5 years ago it would be about 5 years away from needing new batteries(?)
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You shouldn't unless you drive a lot more than the average. In BC the 'average' driver goes 13,100 km (8,140 miles) a year. (source Natural Resources Canada, Office of Energy Resources).
Consumer Reports estimates the average EV battery pack’s lifespan to be at around 200,000 miles (321,869 km). So that's just under 25 years before an average driver would have to switch a battery pack.
If you do have to replace it, it should be under $10,000 - over the past 10 years battery prices have fallen from $1,160 per kWh in 2010 to $137 in 2020. With the Tesla 3, Elon Musk claimed in 2019 that current Model 3 battery modules should last much longer - 300,000 to 500,000 miles, which is the equivalent of 1,500 cycles. After this, the battery modules could be replaced, at a cost of roughly $5,000 to $7,000 US. Tesla Canada warranty batteries on a Model 3 standard for 8 years or 160,000 km (further on the performance or long range models).
So it should still be way cheaper to own an operate an EV even if you have to replace the battery pack.