Electric vehicles (EVs) are no longer the novelty they once were. They are now a common sight on New Zealand roads.
But for those who are considering investing in an EV, one of the first questions is about how long the batteries last, both in terms of driving range and total lifespan.
In this article, we'll explain everything you need to know about EV battery life in 2024.
Factors that affect both the range and the longevity of EV batteries include:
Almost all modern EV batteries feature lithium-ion technology, like that found in small electronic devices. These batteries are made from more than lithium: they also feature rare earth minerals like nickel, cobalt, manganese and graphite, and metals like aluminium and copper for the structure and wiring of the battery.
The next generation of batteries may feature solid-state technology, where solid electrolytes replace the liquid or gel found in traditional lithium-ion batteries. This technology has the potential for greater energy density, faster charging, and a reduced risk of overheating or leakage.
Good news: you can reasonably expect your EV battery to last 10-15 years. As mentioned above, most manufacturers offer a minimum eight-year warranty on batteries.
But if the lithium-ion battery technology found in EVs is the same as that found in your phone, why don't your EV batteries only last a couple of years like a phone does?
There are a few reasons. EV batteries are bigger, they're charged less frequently and more strategically (using complex battery management systems), are built to better regulate temperature, all of which helps to extend the life of the battery significantly.
Battery degradation is inevitable. A few key ways in which EV batteries degrade include:
Given the reasons for degradation listed above, the following tips can help you extend the life of your EV battery:
The lithium-ion batteries in an EV can usually be charged over 1000 times, and up to 2000 times in ideal conditions before they reach the end of their service life (when they fall to 70% of their maximum charge potential).
This is a far greater number of cycles than the lithium-ion batteries in consumer electronics, which can generally be charged 300-500 times before they reach the end of their service life.
EVs can almost be seen as a battery with wheels attached. The battery is easily the car's largest, heaviest and most expensive component, and they don't come cheap.
The good news is you'll rarely need to replace the whole thing. EV batteries are made up of thousands of individual cells, across several modules. When the battery degrades, you can simply switch out the dead or most degraded cells or modules to give an instant and economical boost to your battery life.
As mentioned above, EV batteries are generally replaced when they fall to 70% of their original capacity. But while they may no longer be suitable for use in cars, they still have plenty of life left in them for other uses, like home and public energy storage.
And if you don't have a use for it, most manufacturers will be happy to recycle the battery for you.
Tesla's lowest battery warranty is "8 years or 160,000 km, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period". But most Tesla batteries will have lifespans of 10-15 years.
A large portion of an electric car is recyclable, including up to 95% of the battery, so a responsible owner can minimise waste at the end of their EV's life.
The information in this blog is of a general nature and does not constitute financial or other professional advice. Policy limits and exclusions apply - refer to the policy wording for full terms and conditions.