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Industry Insider: Electric cars projected to get less expensive

While battery replacement costs are now about $3,000, they are expected to come down in the near future.
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Battery costs are decreasing, efficiency is increasing and maintenance costs remain great
Andrew McCredie
By Andrew McCredie
Originally published: 1 day ago

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VANCOUVER – Electric vehicles are growing in popularity. I can say that with confidence based on an increase in vehicles sales, the installation of more and more charging stations, and uptake of the Province’s Clean Energy for BC Incentive Program.

The positive side of electric vehicles is more than efficiency and less pollution; they can also be lower maintenance. Because they run on an electric motor, there are no oil changes or muffler tune-ups to deal with, which can save owners time and money.

Some still argue that cost doesn’t outweigh benefit when it comes to battery-powered vehicles, especially when taking batteries into consideration. But many advances have been made in electric vehicle batteries since the first EVs rolled off the line.

According to the Vancouver Electric Vehicle Association (VEVA), the cost of a battery replacement every three-to-five years is about $3,000.

While battery replacement costs are now about $3,000, they are expected to come down in the near future.
thinkstock.com

Battery costs are decreasing, efficiency is increasing and maintenance costs remain great
Andrew McCredie
By Andrew McCredie
Originally published: 1 day ago

Share on email
More Sharing Services

VANCOUVER – Electric vehicles are growing in popularity. I can say that with confidence based on an increase in vehicles sales, the installation of more and more charging stations, and uptake of the Province’s Clean Energy for BC Incentive Program.

The positive side of electric vehicles is more than efficiency and less pollution; they can also be lower maintenance. Because they run on an electric motor, there are no oil changes or muffler tune-ups to deal with, which can save owners time and money.

Some still argue that cost doesn’t outweigh benefit when it comes to battery-powered vehicles, especially when taking batteries into consideration. But many advances have been made in electric vehicle batteries since the first EVs rolled off the line.

According to the Vancouver Electric Vehicle Association (VEVA), the cost of a battery replacement every three-to-five years is about $3,000.
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