Will the batteries of EVs be expensive to replace?

At some point in the future, the batteries on electric cars will need to be replaced. I have yet to see any indication of the cost of this. I expect it to be expensive and must surely impact on the second-hand value of electric cars? Can you shine any light on this?

Asked on 23 August 2019 by

Answered by Andrew Brady
The average lifespan of a car is around 14 years. A recent study reveals that a Nissan Leaf with the original 24 kWh battery pack loses about 20 per cent of its capacity on average over five years so it's not inconceivable that many will outlast a typical petrol or diesel car without needing a replacement battery. If you do want to replace the battery in an EV, it will cost around £5000 depending on the model.
Similar questions
When we are all forced to go electric for new cars the batteries will not last forever, so what has been decided what happens with all the old car batteries?
I have noticed that many EV charging points are installed on the outside of houses, and not inside the garage. Is there a problem with charging in a garage?
Does fast charging reduce the life of a rechargeable battery by reducing the number of charging cycles it can go through?
 

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 12% on GAP Insurance

Use HJ21 to save on an ALA policy

See offer