Electric Cars Could Last Much Longer Than You Think
WiredEVs are practically worthless secondhand, because the huge batteries will need expensive replacement after a few years. “There is an immense amount of consumer concern around the state of the battery that you buy in a secondhand vehicle,” says James Wallace, cofounder of Fortescue’s battery intelligence division Elysia. “Using that we can estimate at any given time what the total battery capacity is in that vehicle's life,” says Argue. In the most recent study, we looked at over 5,000 vehicles, and many trips.” Geotab saw that the average degradation rate was just 1.8 percent per year. “This most recent study didn't have as many of the early-gen vehicles,” says Argue, “telling us that battery management systems are getting better, and batteries are lasting longer.” If this 1.8 percent annual degradation continued in a linear fashion, after 10 years an EV would still have 82 percent of its battery capacity, much more than the 70 percent most batteries are warrantied for after eight years.