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How much is an electric car battery?
It’s about time to replace the battery in my EV, but it’s something that I’ve never had to do before. So I’m wondering, how much is an electric car battery? Are there different options, or am I stuck at one price?
Jason Crosby · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Electric car batteries can be priced at different levels, but one thing’s for certain: if it’s not included under warranty, they’re definitely expensive. While prices can vary, expect to shell out around $5-7,000 on average for a new electric car battery.
Consider, though, you’re technically replacing the “engine” of your car, which would be about the same amount of money (or more) to do in a traditional vehicle, depending on the model.
Larger vehicles, like the Mercedes EQB SUV, are going to be more expensive, because they’re simply larger. Similarly, performance EVs, like the Tesla Model S or X, are going to be even more expensive to replace the batteries in—it takes a lot of electricity to power a performance car.
Some of the other factors that make EV batteries more expensive are the heavy metals that are required to make them. This includes cobalt, nickel, lithium, and manganese.
Before batteries can make their way into your EV, these rare and precious metals have to be mined and processed into high-purity chemical compounds, which costs producers a lot of dough to manufacture.
Thankfully,** most electric car batteries typically last 10-20 years** before they need to be replaced, and with the extra fuel savings that you’ll be able to skip on annually, it would be prudent to start saving for a battery replacement if you own an EV.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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