One of the biggest concerns for potential electric vehicle (EV) and plug-in hybrid (PHEV) buyers is the high cost of battery replacement. However, a new study suggests that these fears may be overblown.
According to data from Recurrent, a company that tracks battery life, the U.S. Department of Energy reports that less than 1% of EVs from 2016 or later have needed a battery replacement due to failure. Even better, most of those replacements would have been covered under the manufacturer’s warranty.
As EVs and PHEVs continue to grow in popularity, this study could help ease concerns and encourage more drivers to make the switch.
For a deeper dive into the data, check out the original article here.