this post was submitted on 11 Jun 2024
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Electric Vehicles
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Not surprising. I've honestly absolutely loved my Ioniq 5 (SEL AWD for those curious). My city operates fairly cheap chargers on the ChargePoint network ($0.21/minute) that are basically my saviour since I don't have a charger installed in my condominium.
I want one. My worry is what to do once the battery needs replacing? I wonder what it would cost?
You have conservatively at least 10 years before needing to replace a battery. Even with a greater upfront cost compared to combustion cars, EVs are considerably less expensive over a 10 year period because of the lower energy and maintenance costs. The only regular maintenance most EVs should need are tire rotations and replacements of consumables like the cabin air filter, windshield wipers, brakes, and tires.
Yeah, but then I wonder if the cost of replacing the battery would exceed the cost of an ice vehicles maintenance?
You got Hyundai trying to charge more than what the car is worth new, for a replacement battery pack.
EV batteries don't typically catastrophically fail, they gradually degrade in max capacity. And many combustion cars also have expensive repairs needed near the 10-15 year mark. My Ioniq 5 has 300 miles of range now, and we really only need about 120 miles for a week of commuting for my wife. So we could afford a 50% hit before needing to do something about it, which should be quite a long while from now. We just couldn't take it on long road trips. So at least for me, the battery replacement cost in 10-15 years is not a big concern. We'd probably lean towards replacing the the whole car before just the battery.
For comparison, our combustion car is 11 years old at this point. It's in rough shape and could be replaced, but my commute is short. Hoping to hold off on replacing it for another ~4 years unless there's an expensive repair needed. The EV battery tech is evolving so rapidly these days that I expect cars with 500+ miles of range will be on the market by the time we buy a second EV.