Many drivers and fleet owners are now considering buying electric vehicles.
However, the cost to replace the battery can be cost prohibitive. For example, a new battery pack for a Chevrolet Bolt Electric Vehicle (“EV”) is reportedly priced well in excess of $15,000. However, if it’s properly cared for, an electric car’s battery pack should last for well in excess of 100,000 miles before its range becomes restricted. Consumer Reports estimates the average EV battery pack’s lifespan to be at around 200,000 miles, which is nearly 17 years of use if driven 12,000 miles per year.