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.

How much does a lithium ion EV battery cost?

According to the DOE, the cost of a lithium-ion EV battery was 89 percent lower in 2022 than it was in 2008, and this trend is continuing as production volume increases and battery technology advances. Still, even with the drop in costs for EV battery packs, the cost to replace a battery pack could range from around $7,000 to nearly $30,000.

How much does an electric car battery pack cost?

Battery pack type and capacity: Some automakers have designed their electric car battery packs with a modular design, meaning that some portions of the battery pack can be replaced without having to replace the whole thing. In these cases, an individual module can cost anywhere from $1,000 to upward of $3,000 depending on its size.

Do you need a new battery for an EV?

While the odds of replacing the battery in your electric vehicle are low, issues that require a replacement can still occur. Older batteries will eventually degrade to the point of being untenable for use in an EV – a problem more likely with buying an older used EV than with a newer model.

How much will EV batteries cost in 2025?

According to this study, the price of lithium-ion EV battery packs could fall from $500-$600 per kilowatt hour today to around $160 by 2025 due to a rise in EV sales and a drop in component prices. So far, we have only talked about the replacement battery cost through the manufacturer. But third-party batteries could cost less.