Blimey - according to https://thedriven.io/2024/01/25/worlds-largest-ev-battery-maker-set-to-cut-costs-in-half-by-mid-2024/ the world's largest battery manufacturer, China's CATL will be halving the price of its Lithium Iron Phosphate batteries this year. "This means the price of an average 60 kWh battery pack will have dropped from $US6,776.00 to just $3,388.00 in just 12 months, saving EV manufacturers over $3,000 per vehicle."
Our #BEV (MG4 Excite) has a 51kWh pack... So we could replace a future (post 7yr warranty) failed pack for well under US$3k... #BatteryTech
For perspective, the average ICE car costs NZ$3-4k in petrol per year... or maybe US$2k - so replacing the entire battery pack, good for 7+ years driving, would cost about as much as a year's worth of petrol. That's in the worst case. These batteries are predicted to last much longer than that, perhaps 2-3 times.
@lightweight Another thing to consider is that your replacement battery pack is likely to have a greater capacity than your old one as technology progresses.
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