‘EV batteries will outlast the vehicle’
Geotab, a global company in connected transportation solutions, has released new data that indicates electric vehicle (EV) batteries will now last 20 years or more… longer than the design life of a vehicle.
The company analysed the battery health of almost 5,000 fleet and private EVs, representing nearly 1.5 million days of telematics data, to explore how the latest battery technology holds up to the rigours of daily use. The data highlighted how batteries degrade, on average, by 1.8% per year – compared to 2.3% when Geotab last performed a wholesale analysis of EV battery health in 2019, and generally more slowly than internal combustion engine (ICE) drivetrain components.
“With these higher levels of sustained health, batteries in the latest EV models will comfortably outlast the usable life of the vehicle and will likely not need to be replaced,” said David Savage, Vice President for the UK and Ireland at Geotab.
“However, we still see battery reliability being used as a stick to beat EVs with. Hopefully, data like ours can finally put these myths to bed. The fact is that a 1.8% decline in battery health is unlikely to have a significant impact on most driver’s daily vehicle needs, and this number will only come down further with new EV models and improved battery technology. People should feel confident that many current EVs are suitable and cost-effective to replace a range of light, medium and heavy-duty ICE vehicles.”