Replacing a battery is a costly repair under the wrong circumstances
The true cost of replacing an electric vehicle battery—in this case a Tesla Model 3—can be a lot higher than people might realize. While most automakers offer warranties for their electric vehicle batteries for up to 8 years or 100,000 miles, those not covered by warranty can get very pricey, very quickly.
While a cursory search for battery replacement costs will produce results ranging anywhere between $3,000 and $7,000, the true cost can be much more.
That’s the case for one person’s Tesla Model 3 that underwent a battery replacement in 2020 caused by physical damage to the battery itself, enough to render it inoperable. The culprit? Some kind of large rock—which is something warranties don’t normally cover.
The actual cost to replace a Tesla battery
The cost to replace a Tesla battery depend largely on the warranty coverage.
Warranties can be funny things. If the rock had caused the battery to catch fire, it would be covered by Tesla’s warranty. Instead, it had to be covered by insurance, which is why the manufacturer detailed the cost of replacement in an invoice that the customer would usually not see for warranty work.
Out of pocket, Tesla owners can expect costs of around $10,000 to $13,000 for the battery itself, depending on the model. Of course, there will also be an extra $100 or so for other parts, plus a few extra hundred dollars in labor costs—and that's a lower estimate.
Does the cost of batteries make owning an EV out of the question?
It depends on if the damage caused to your battery is covered by the warranty. Again, most automakers offer longer warranty periods for EVs than they do for their gas-powered vehicles.
When a battery is as expensive to replace as a Tesla’s, potential customers need assurance that they’ll be covered in the event of a catastrophic failure that bricks the vehicle.
Most EV drivers will never have to worry about replacing their car’s batteries. If they do, it will likely be covered by the manufacturer’s warranty.
Save on insurance with Jerry
Tesla vehicles can be costly to insure; Tesla owners sometimes pay more for car insurance due to high repair costs (including the battery). That’s why it pays to shop around for insurance—and Jerry can help with that.
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