Kelley Blue Book: How long you can expect an electric car to last

by | Sep 1, 2023 | Stock Market

An electric car will last as long as a car with an internal combustion engine (ICE), if not longer, because electric vehicles don’t have all the mechanical components of an ICE vehicle. In other words, there are more things that can wear out or go wrong in an gas car than in an EV. The nationwide average age of a car is now 12.5 years. It’s a number that has been steadily rising for the past few years. Electric cars are a recent enough development that we don’t have a deep well of data to draw from. However, there is no reason to believe that an EV won’t last as long as an ICE vehicle if taken care of. Read on to learn more about EV battery life.

Check out: This EV company has a bigger market cap than Ford or GM. But you may not have heard of it.Electric car battery life Since the introduction of hybrids more than 20 years ago, battery replacement may well top the list of concerns for the electric-curious. This concern has only deepened with the proliferation of fully electric vehicles with larger, costlier batteries. Experts place the percentage of the battery cost of a new EV at an average of 30% to 40% of the car’s total cost. According to Digital Trends, you can expect to pay between $4,000 and $20,000 for a replacement battery. For example, a replace …

Article Attribution | Read More at Article Source

Share This