Services
PriceProtect™
DriveShield™
GarageGuard™
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Home Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Recent Studies
Comprehensive Data Reports
Reviews
About
FAQ
MenuIcon
BACK

What is the most expensive part of an electric car?

I’ve heard that EVs are expensive to build, which is why they cost so much. What is the most costly part of an electric car?

avatar
Chanice Boyd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The expensive parts needed to build an EV are a big part of why they cost so much for consumers. The batteries are the most expensive single component of an electric car, costing upwards of $20,000.
The reason is simple. To pack more energy into your
electric car
, manufacturers need to find and extract expensive materials like cobalt, lithium, and manganese. Electric vehicles are sold for more money to make up for these high initial costs.
As expensive as electric cars and their batteries are to make, their prices have fallen over the years. An EV today is much cheaper than it would have been five years ago.
If you’re interested in buying an electric car, you have plenty of room to reduce your spending. You could take advantage of federal and state tax credits or save money on your car insurance. Download the
Jerry
 app and see how much you can save. The average Jerry user saves over $800 a year on car insurance.
MORE:
Affordable electric cars
Electric Cars
View full answer 
Jerry user testimonial avatar
rating primary
“My experience with Jerry has been absolutely incredible. It took my car insurance from about $400/month to about $80. The entire experience is seamless.” - Gregory R.
Lower my car insurance too
WHY YOU CAN TRUST JERRY
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.

Join 4M+ members in lowering their car insurance

Find insurance savings

You Might Also Be Interested

card cover

What Is The Most Expensive Tesla?

Tesla is known for making expensive, luxurious electric cars. But which one is the priciest? Here’s a look into the pricing and specs of Tesla’s most expensive vehicle: the Model X.
avatar
Hannah DeWitt
card cover

Cheap Electric Car Insurance

Electric vehicle (EV) insurance costs about 25% more, but EVs are typically more affordable to own in the long run.
avatar
Bonnie Stinson
card cover

How Much Does It Cost to Make a Tesla?

Ever wondered, “How much does it cost to make a Tesla?” Well, wonder no more. We’ve got the scoop on the reduced costs and high profits of America's top EV company.
avatar
Elaine Duvet

Read Advice From Car Experts At Jerry

card cover

What Happens to My Car Insurance after a DUI in Virginia?

You’ll still be able to get car insurance in Virginia after a DUI, but you’ll need to file an FR-44 through your provider—and it won’t be cheap!
avatar
Drew Waterstreet
card cover

How to Get a Utah Handicap Placard (and Who’s Eligible)

Drivers with disabilities will need to display disabled parking placards or license plates to park in restricted or reserved spaces in Utah.
avatar
Mary Alice Morris
card cover

2013 Nissan Altima Radio Replacement

To replace your 2013 Nissan Altima radio, first remove the upper dash vent assembly, pull out the receiver/climate control unit, and unscrew the brackets.
avatar
Kathryn Mae Kurlychek

What Others Are Asking

Does my Cadillac have adaptive cruise control?
I currently own a newer model Cadillac. However, I’m still not familiar with all of the features quite yet. A friend of mine told me that my car may have adaptive cruise control, but I’m not sure how to figure it out. How do I know if my Cadillac has adaptive cruise control?
avatar
Eric Schad
How do I smoke in my car without leaving a smell?
I like to smoke in my car while I’m driving to and from work, but I just bought a new car. If possible, I’d like to keep smoking without my car smelling like ash. Is there a way to smoke in my car without leaving a smell?
avatar
Eric Schad
Will a car dealer purchase my car if I still owe money on the car loan?
"Will the car dealer still purchase my car if I owe money on it? I owe about $7,500 on a car loan, but I want to get a new vehicle."
avatar
Eric Schad
Browse All Questions

Browse More Content

Car Repair Resources

Insurance for Your Car

Insurance in Your State

    Insurance In Your City

    Easiest way to compare and buy car insurance

    √
    No long forms
    √
    No spam or unwanted phone calls
    √
    Quotes from top insurance companies
    Find insurance savings
    Car Insurance by Make
    Audi
    BMW
    Dodge
    Ford
    GMC
    Honda
    Hyundai
    Jeep
    Kia
    Lexus
    Mercedes-Benz
    Mitsubishi
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Model
    Chevrolet Silverado
    Chevrolet Malibu
    Ford Escape
    GMC Sierra
    Honda Accord
    Honda Civic
    Hyundai Tucson
    Jeep Cherokee
    Jeep Wrangler
    Kia Forte
    Mazda 3
    Nissan Altima
    Subaru Outback
    Subaru Crosstrek
    Toyota Camry
    Toyota Corolla
    Toyota Tacoma
    Toyota Highlander
    Toyota Rav4
    Volkswagen Jetta
    View all
    Car Insurance by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Insurance by City
    Austin, TX
    Boston, MA
    Charlotte, NC
    Chicago, IL
    Columbus, OH
    Dallas, TX
    Denver, CO
    Houston, TX
    Indianapolis, IN
    Jacksonville, FL
    Las Vegas, NV
    Los Angeles, CA
    Nashville, TN
    New York, NY
    Philadelphia, PA
    Phoenix, AZ
    Portland, OR
    San Antonio, TX
    San Francisco, CA
    Seattle, WA
    View all
    Car Loan by Make
    Audi
    BMW
    Chevrolet
    Ford
    GMC
    Honda
    Hyundai
    Kia
    Lexus
    Nissan
    Mercedes-Benz
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Company
    AAA
    Allstate
    Aspire Advantage
    Assurance America
    Bristol West
    Commonwealth
    Dairyland
    Encompass
    Infinity
    Kemper
    Mapfre
    Mercury
    National General
    Nationwide
    Plymouth Rock
    Progressive
    Safeco
    State Auto
    Travelers
    Car Loan by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Repair by Service
    AC Compressor Replacement Cost
    Battery Replacement Cost
    Fuel Injector Replacement Cost
    Fuel Pump Replacement Cost
    Ignition Coil Replacement Cost
    Oil Change Cost
    Oil Pan Replacement Cost
    Power Steering Fluid Service Cost
    Rotate Tires Cost
    Spark Plugs Replacement Cost
    Timing Belt Replacement Cost
    Valve Cover Gasket Replacement Cost
    Water Pump Replacement Cost
    Wheel Bearings Replacement Cost
    View all