Replacing an EV battery may cost less than fixing a gas engine by 2030

The potential high cost of EV battery replacements is a major worry for new-car shoppers, but that likely won't be the case for long, according to battery-analysis firm Recurrent. Recurrent, which produces battery health reports for used EVs, predicts that plummeting new-battery prices will make replacing a battery pack cheaper than repairing a...

Dec 2, 2024 - 09:00
Replacing an EV battery may cost less than fixing a gas engine by 2030
2024 Chevrolet Equinox EVThe potential high cost of EV battery replacements is a major worry for new-car shoppers, but that likely won't be the case for long, according to battery-analysis firm Recurrent. Recurrent, which produces battery health reports for used EVs, predicts that plummeting new-battery prices will make replacing a battery pack cheaper than repairing a...

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