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Study: EV, Plug-in Hybrid Battery Replacements Rare

18 May 2024 | Abstracted from Kelly Blue Book

"Just 1.5% of electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs) have needed their batteries replaced since 2011, according to a new study.

"Batteries have grown more reliable in recent years. The Energy Department explains, “replacement rates due to failure were well under 1%” for cars from model years 2016 and later.

"The battery is the most expensive part of any electric vehicle, and many potential EV buyers have cited fears about battery replacement costs as a reason to hold back."



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