There's an interesting piece at Business Week regarding the EV industry vs. battery warranties vs. consumers.
According to EV experts the EV industry should be considering alternative ownership schemes for the battery take a look at what it means to warranty a battery pack or they could be stuck replacing said batteries over and over.
Right now, automakers tend to offer "an odometer-based warranty," but that may be a poor choice...
From Business Week:
One idea from experts includes offering the battery under a separate leasing agreement, especially since right now, EV batteries are widely expected to degrade down to 80% of their original storage capacity after just 8 years on the road.
What consumers will think about replacing batteries after eight years is another story.
Learn more at Business Week.
According to EV experts the EV industry should be considering alternative ownership schemes for the battery take a look at what it means to warranty a battery pack or they could be stuck replacing said batteries over and over.
Right now, automakers tend to offer "an odometer-based warranty," but that may be a poor choice...
From Business Week:
Quote:
If electric vehicle batteries—the most expensive part of the car—are used to provide grid services, the battery will deplete due to all the charging and discharging, not just mileage. So if the battery gets used up faster, and it's within the warranty period, the automaker could get stuck paying to replace it.
One idea from experts includes offering the battery under a separate leasing agreement, especially since right now, EV batteries are widely expected to degrade down to 80% of their original storage capacity after just 8 years on the road.
What consumers will think about replacing batteries after eight years is another story.
Learn more at Business Week.
