How much does it cost to replace an electric car battery?

The data at this time is limited, as only a small number of EV models have been on the market long enough to warrant a battery replacement. On average, you can expect the replacement cost of an electric car's battery to run from $5,000 to upward of $15,000, according to an article from Consumer Reports.

How much does a car battery cost?

In these cases, an individual module can cost anywhere from $1,000 to upward of $3,000 depending on its size. Other automakers chose to use an integrated battery pack, meaning that if some cells in the battery fail, the entire battery will need to be replaced. In this scenario, you'd pay the full price of the battery pack.

Should a BEV owner pay for a replacement battery?

There is no expectation for the battery to be replaced at the owner’s expense as the vehicle ages. For many reasons, replacing the battery is not a practical thing for BEV owners to do. Future designs may be different, but for now, there is no scenario in which an owner is expected to pay for a replacement battery in the BEV they own.

Are EV batteries worth replacing?

North American mainstream media is fraught with anti-EV sentiment, especially when it comes to their battery packs and the cost of replacing them. There’s no doubt that the high voltage battery is the most expensive component of an electric vehicle, so it’s natural to worry about its longevity and eventual replacement cost.

How much does it cost to replace a Hyundai battery?

Both owners took their vehicles to their local authorized Hyundai dealer to get an estimate to have the battery replaced using their insurance policy. The prices ended up being about $60,000 Canadian, roughly equal to the price of the vehicle when new.

How much does an EV battery cost?

The average size of an EV battery pack is around 40-43 kWh worldwide, but in the US it’s closer to 60-75 kWh. That puts the estimated average replacement cost for an EV battery between $8,340-$10,425 in the US.