Did you know 6.6 million plug-in electric vehicles will be sold globally in 2021? It’s true.
Electric vehicles are becoming more and more popular each year. If you already own one or are considering buying one, you might wonder what charging, driving range, and what would be the maintenance costs?
Read the guide below to learn about electric vehicle maintenance costs.
The battery is one of the most expensive components of an electric vehicle. It requires special care and attention. Most EV batteries have a lifespan of around 8-10 years, after which they need to replace. Replacing an EV battery can range from $5,000 to $15,000.
Note that battery prices have decreased over time, and some EV manufacturers offer warranties covering battery replacement costs for several years. Battery servicing can cost around $200 to $500, depending on the type of service required.
Electric vehicles are generally heavier than traditional gasoline-powered cars due to the battery pack. As a result, EV tires experience more wear and tear, and you may need to replace them more frequently. Tires for EVs can cost $100 to $300 or more per tire, depending on the make and model of the vehicle.
Electric vehicles use regenerative braking to recharge the battery. It means that the brake pads experience less wear than in classic cars.
But, it’s still necessary to inspect and service the brake system regularly to ensure it is functioning. Brake system servicing and repairs can cost anywhere from $300 to $1,000.
Cooling System Maintenance
The battery and other components in an electric vehicle generate heat. It’s crucial to have a cooling system that keeps them at an optimal operating temperature. Cooling system maintenance costs can range from $100 to $500 or more, depending on the type of service.
Electrical System Maintenance
Electric vehicles rely on a complex electrical system. It’s essential to ensure that all components are functioning. Know how to repair your vehicle from the automotive repair facilities training services.
Regular electrical system servicing can prevent issues before they become more serious. It reduces the likelihood of breakdowns or other costly repairs.
Inspections and servicing of the electrical system can cost anywhere from $100 to $500 or more. It depends on the vehicle’s make and model and the electrical system’s complexity.
Warranty and Insurance
Consider the cost of warranties and insurance when calculating your hybrid vehicle maintenance costs. Many EV manufacturers offer extended warranties for their batteries. It can provide peace of mind and protect you from expensive repairs.
It’s essential to ensure adequate insurance coverage to protect your investment in your electric vehicle. Extended warranties for electric vehicle batteries can cost around $1,000 to $2,000 or more. It depends on the manufacturer and the length of the contract.
Insurance costs for electric vehicles can also vary depending on several factors, such as driving habits, location, and coverage level.
Know the Electric Vehicle Maintenance Costs Today
Your electric vehicle maintenance costs will vary depending on your driving habits, climate, and the vehicle model you choose. Overall, electric vehicles are an excellent option for a more fuel-efficient and eco-friendly mode of transportation while being more cost-effective in the long run.
If you’re considering making the switch, pay attention to the maintenance costs – take the time to research and find the best vehicle that suits your lifestyle and budget.
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