Real World Battery Health A Critical Variable In Assessing Economics Of EV Ownership via insideevs.com
The Promise of Real-World Data
Based on their experiences with their smartphones and laptops, most consumers expect batteries to degrade over time. But developing an understanding of how quickly that will happen for an individual vehicle is not easy. Adding to the angst is that quotes for EV battery replacements range from $4,000 to more than $20,000, depending on the manufacturer, chemistry type and projections on battery costs in the future., a connected vehicle platform and J.D. Power collaborator, the rate of degradation can vary widely, even within the same EV make and model.
The same real-world battery data that powered this assessment could also be provided to buyers to help them make more informed purchasing decisions. Reducing uncertainty and giving consumers confidence in used EVs will boost resale values and, ultimately, accelerate the EV transition.Shedding Light and Accountability on Battery Health
The EV battery lifecycle challenge is, in short, both complicated and dynamic. Industry leaders will be well-served acting sooner rather than later to provide the next generation of EV buyers with a clear view of the health of EV batteries. They should also ensure that consumers understand the steps that can be taken to minimize degradation and, in turn, protect the resale value of their vehicles, especially as the baton is passed from early adopter enthusiasts to mass market buyers.
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