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Depending on your locale, EV batteries last about 8-15 years[1], not five. EVs are cheaper to maintain and run than ICEs[2]. I think right now, it's a toss-up w
by coldpie 3y ago
Depending on your locale, EV batteries last about 8-15 years[1], not five. EVs are cheaper to maintain and run than ICEs[2]. I think right now, it's a toss-up which will come out cheaper after 20 years when including a battery replacement. But EV components will only go down in price as we massively scale up manufacturing, so I expect EVs will be the clear price winner within the next 5-10 years, which is about when you'd maybe start thinking about replacing the battery if you purchased an EV today.
[1] https://www.edmunds.com/electric-car/articles/electric-car-battery-replacement-costs.html https://www.edmunds.com/electric-car/articles/electric-car-b...
[2] EV maintenance costs are about 60% of ICE https://www.energy.gov/eere/vehicles/articles/fotw-1190-june-14-2021-battery-electric-vehicles-have-lower-scheduled https://www.energy.gov/eere/vehicles/articles/fotw-1190-june...
and fueling costs are about 50% of ICE https://www.caranddriver.com/shopping-advice/a32494027/ev-vs-gas-cheaper-to-own/ https://www.caranddriver.com/shopping-advice/a32494027/ev-vs...