Worried About Used EV Batteries?

  • April 9, 2024
  • 2 min read

The Costly Nature of EV Batteries
We are seeing tremendous developments in the electric vehicle and hybrid markets for batteries. Now, keep in mind that hybrid vehicles and electric vehicles are different, but they both have a separate drive-motor battery. It’s not like the 12-volt battery you see when you pop the hood of your gas car; these are batteries that exist underneath the vehicle. They’re very expensive, and it’s extremely important to have them checked out anytime you’re buying a new vehicle.

The Importance of Battery Checks
New cars typically come with a warranty, so you’re going to be fine in most cases. But if you’re buying a used car, just as you’d have the brakes or transmission checked in a used gasoline car, you should also have the electric vehicle battery inspected. Brakes on your car might cost $500 to $1,000 to replace if they’re bad, but electric vehicle batteries can cost five figures, $10,000 or more.

The Risks of Ignoring Battery Health
If the battery goes bad, it can be a significant financial hit. Batteries can cost upwards of $110,000 or even more, making them the most expensive part of an electric car. Remember, your electric car doesn’t have a gasoline motor, which is the expensive part of an ICE (internal combustion engine) car.

Understanding battery degradation
When these batteries start to degrade, they don’t necessarily fail all at once. They can lose range or fail to charge fully over time. It’s crucial to ensure that your battery is in good shape when you buy it and to test it regularly to see if it’s deteriorating before the warranty runs out.

In conclusion, the electric vehicle market is evolving rapidly, but batteries remain a critical component. Whether you’re buying a new or used electric vehicle, ensuring the health of the battery is paramount. With costs potentially soaring into six figures, neglecting battery health could lead to significant financial consequences down the road. Be proactive and prioritize battery checks to ensure a smooth and cost-effective ownership experience.

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