This is part of a series on EV batteries and degradation. If you want to go deeper, here's an article that follows an EV battery replacement from start to finish. Show
When it comes to electric vehicles and plug-in hybrids, many shoppers wonder how long it will be until they have to replace their battery. Then what will it cost to replace that battery? We know that batteries degrade as a result of a phenomenon called “calendar aging.” Like human aging, calendar aging is a baseline of decline over time. Other types of battery performance loss are tied to use and exposure. We wrote an entire article on battery degradation. I go through the details and cite examples for each EV model, but here is a quick overview of the vehicles that I cover in this article.  How Much Does an EV Battery Cost to Replace?Replacement ranges from $0 to $20,000 based on dozens of factors. If a battery is within its manufacturer warranty, typically 8 years and 100,000 miles, then you should get a replacement battery at no extra cost. But what
if it is out of warranty? Battery replacements are still rare so up-to-date data on costs can be difficult to find. As battery prices continue to decline, the price you would pay today is different than the price you would pay next year or in 5 years. in 2019, the Mack Institute for Innovation Management at the Wharton School for Business aggregated data found across academia, news, search engines, experts within the industry, and public statements by manufacturers. They found a 16% decline in battery pack cost between 2007 and 2019. The authors estimated in 2019 that the average cost of battery packs was $161/kWh. With that estimate, in 2019, the cost of an out-of-warranty 100 kWh battery, as is common in Tesla long range vehicles, would be at least $16,100 before labor, taxes, etc. If the trend in battery price reduction stays constant, then by 2025 the price in 2019$ should be ~$56/kWh, or $5,600 to replace a 100 kWh battery. That’s a big change in overall cost. How does this compare to other aggregators of battery costs? According to an April 2019 report by the
International Council on Clean Transportation (ICCT), the projected cost by 2025 should be $120/kWh to $135/kWh. This is less generous than the Wharton analysis, suggesting by 2025 a 100 kWh battery replacement out of warranty may cost up to $13,500. The ICCT report does note that battery cost forecasting has consistently underpredicted actual battery cost reduction. They provide a caveat that if a slightly rosier analysis is performed, battery pack-level costs could be $89/kWh by 2025 and
$56/kWh by 2030. According to the latest forecast from Bloomberg New Energy Finance (BNEF), in Dec 2020 the average price of battery capacity was $137/kWh, with an expectation of average price close to $100/kWh by 2023, seven years sooner than Bloomberg NEF models suggested in 2016. Cited within the 2019 ICCT report,
the BNEF models estimate that by 2030, average battery pack level costs will be $62/kWh. A 100 kWh pack may cost at least $6,200 to replace by 2030. Back in 2016, McKinsey reported that the average battery pack price was ~$227/kWh, with projections estimating average EV battery pack prices below $190/kWh by the end of 2020. Those expectations were clearly exceeded as demonstrated by the 2020 Bloomberg NEF report just described. Join the Monthly EV Data Newsletter Real-world Replacement Cost ExamplesThe limitations of this analysis is that it doesn’t include the labor costs, tax policy, business models, and other externalities related to a battery replacement. It doesn’t cover any business profits and markups nor if a car bought in 2017 will
benefit from battery pack cost reduction in 2030. Additionally, this analysis does not consider the possibility of replacing only parts of battery packs that have gone bad, which may be covered by warranty. Furthermore, it is difficult to anticipate the development of third party battery replacement services independent of the original manufacturers. However, in order to get a glimpse into some real world examples of battery replacement costs that EV drivers have experienced, I
found some helpful examples. Overall, it doesn’t appear that EV owners are benefiting from the Bloomberg reported average of $137/kWh price. Here is what I found on the following electric vehicles.
There is lots more on each one of those vehicles. Keep scrolling to see the details! BMW i3 Battery Replacement Cost
Chevy Bolt Battery Replacement CostAs you may be aware, currently all Chevy Bolt batteries are set to be replaced under a
recall for a manufacturing defect in their batteries. Perhaps it can help you get a sense of when the pre-recall Chevy Bolt batteries may no longer have met your needs and may need a battery replacement. Below are some examples of Chevy battery replacements costs prior to the recall.
Chevy Volt Battery Replacement Cost
Hyundai Ioniq PHEV Replacement CostA replacement battery for a 2018 or 2019 Hyundai Ioniq Hybrid has an MSRP of $2,853.53 as of August 2021. With a battery size of 1.56 kWh
in a Hyundai Ioniq HEV, that equates to ~$1,829/kWh, approximately 1335% larger than the 2020 $137/kWh average cited above. Nissan Leaf Battery Replacement CostWe also wrote an entire LEAF guide to battery replacement. While it has some of the same info, it could be helpful to dive a bit deeper. According to a post in the MyNissanLeaf.com forum, as of Jan 30, 2020, the cost of labor and replacement of a 24 kWh battery in a Nissan Leaf is $5,500. It appears the battery itself would cost $4,500, placing the $/kWh at $187/kWh, which is 36% above the quoted 2020 $137/kWh price.
Tesla Model 3 Battery Replacement CostCurrent Automotive posted the 2020 receipt of one customer’s replacement of a remanufactured 75kWh battery in a Tesla Model 3:
This equates to $180/kWh which is about 31% higher than the Bloomberg cited average of $137/kWh. Since Tesla Model 3s are so new, there is likely very little data on repair costs in the public domain. However, there is the occasional accident that requires a battery replacement in a Model 3. Based on data we've seen for more recent, accident-related replacements, the total amount has come down to $10 -
$12,000, with 80-90% of that going for the battery itself. However, it is encouraging that the total price has dropped, landing the cost between $133/kWh - $161/kWh. This is more in line with the Bloomberg estimate. Tesla Model S Battery Replacement CostWe wrote an article dedicated to Tesla battery replacements, but you can get the summary here.
VW e-Golf Battery Replacement CostA replacement battery for a 2017 to 2018 VW e-Golf is quoted as $23,442.91 by Pignataro VW as of August 2021. Given that the 2017 e-golf battery pack is 35.8 kWh, that equates to $654/kWh, a whopping 477% more expensive than the average 2020 price. Battery Monitoring to Avoid ReplacementIt should not be a surprise that treating your battery nicely can expand its life and delay replacement. Here are some tips on how to give your battery the TLC it needs.
Are you an EV owner? Join the Recurrent EV community for free personalized reports on your vehicle. Not only do you get reports that offer insights into how well your EV is doing, but you contribute to a fast growing community of EV drivers who want to help others benefit from EVs, too! Can Nissan Leaf battery be upgraded?For Leaf owners with a heavily degraded battery pack wanting a significant increase in overall capacity (range), we feel that a complete battery replacement or upgrade is the best option. The high-voltage battery pack is the heart of any electric vehicle.
How much does it cost to put a new battery in a Nissan Leaf?The LEAF battery itself costs about $4,500, placing the price per kWh at $187/kWh, which is 36% above the quoted 2020 $137/kWh price. Based on discussions with LEAF owners and endlessly scrolling through owner forums, the replacement cost 24 kWh battery in a Nissan Leaf is $5,500 including labor.
How much is a 40kwh battery for a Nissan Leaf?Affordable upfront, but there's a sting in the tail
While the Leaf can be had for under $20k, the cost of a replacement 40 kWh battery ranges in price from $6,500 to $7,500 (via Recurrent Auto). That works out at around 37.5% of the price of an all-new model.
How much does it cost to replace a 2012 Nissan Leaf battery?Nissan Leaf Battery Replacement Cost
It appears the battery itself would cost $4,500, placing the $/kWh at $187/kWh, which is 36% above the quoted 2020 $137/kWh price.
|
How much does it cost to upgrade Leaf battery?
Related Posts
Copyright © 2024 SignalDuo Inc.
