It's been written many places that electric vehicle (EV) and Hybrid vehicle batteries are expensive to replace. The good news is that the car manufacturers usually have an 8 year, 100,000 warranty on the batteries. The bad news is that if the battery fails after the warranty expires it could cost anywhere from $3,000 to nearly $20,000 to replace. Yowza!
Many people drive their vehicles way over the 100,000 mileage mark. I met a person the other day with a Honda Civic (internal combustion engine) that had over 160,000 miles. The person plans to drive the car for many more years. Vehicles with internal combustion engines can also encounter major costs such as an engine rebuild. An internal combustion engine rebuild can cost anywhere from $2,500 to $4,000 or more depending on the car, based on a search of the Internet.
Then there is the issue of recycling and disposal of old EV and Hybrid batteries.
If batteries past their prime supply the ingredients for new ones, electric cars, trucks and vans would become more affordable and environmentally sustainable.
...batteries pose their own problems. Raw materials can be hard to mine, are often found in countries with poor human rights records and require processing that leaves behind noxious waste.
Fortunately, those battery ingredients are also highly reusable. And now a race is on to collect and recycle used lithium-ion batteries.
A lot will have to change between now and when EVs and Hybrid vehicles will be the norm. It's a good start, though.
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Rule of thumb
It doesn't do much good to upgrade only part of one's life to renewables. Right now, the smart move is to exchange the batteries out and add the old battery to one's solar and wind collectors.
I kind of feel like George Jetson here.
The average spend on petrol
The average spend on petrol is $2000 to $3000/year
The average cost of electrons for an electric car is ~$800- $1000 per year
Replacing the batteries every 8 to 10 years for $5000 seems like a good deal to me. Especially when you factor in Oil change and Combustion engine parts replacement costs. I'm sure that battery costs are going to come down.
Electric Vehicle Myths
Electric Vehicle Myths