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Research reveals: The battery replacement rate for electric vehicles from 2011 to 2024 is only 2.5%

Jun 01, 2024 pm 01:49 PM

News on May 28 showed that according to the latest research by Recurrent, the replacement rate of electric vehicle batteries is generally at a low level. Excluding high-profile recalls such as the Chevrolet Bolt EV, only 2.5% of battery packs in electric vehicles produced from 2011 to 2024 have undergone replacement. This discovery breaks the common perception that electric vehicle battery replacement is expensive.

Research reveals: The battery replacement rate for electric vehicles from 2011 to 2024 is only 2.5%

While critics of electric vehicles often point to the high cost of battery replacements as a reason to question their economics, Recurrent research data shows that battery replacements are actually less common. . Although manufacturers such as General Motors and Hyundai have experienced battery recalls in the past few years, the vast majority of electric vehicles' batteries remain in their original vehicles. Especially Tesla, as the leader in the US electric vehicle market, its battery performance highlights this point.

Based on my understanding of the original content, this paragraph mentioned that excluding large-scale recalls, the battery replacement rate for all years and models is only 2.5%. The increase compared with last year was mainly due to an increase in older models. Specifically, for older models before 2015, the battery replacement rate is 13%, while for new models in 2016 and later, the battery replacement rate is less than 1%. This is a data discussion on battery replacement rates, slightly tuned as requested.

The current events related to battery recalls have not brought excessive economic pressure to consumers. Recurrent's research found that so far, the cost of battery replacement during the warranty period has been mainly borne by the automakers, without consumers bearing too much financial burden.

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