Significant for consumers, charging habits are likely to dictate the cost of your EV over its lifetime.
To extrapolate the battery life to the EV lifetime, a key consideration to take into account over its internal combustion engine (ICE) competitor is the number of moving parts. A Tesla powertrain has 18 moving parts, whereas an ICE vehicle has hundreds.
An implication of this is maintenance costs, while again studies are less than comprehensive, one can take a logical approach. The one substantial value of the EV is the replacement of a battery, essential to note the cost per kWh is declining all-the-time. According to a presentation delivered by the American Chemical Society, it is quite reasonable to estimate to the lifetime of a battery pack of an EV to be up to twenty years. And quote “That’s good news when you consider that some estimates put the average life expectancy of a new car at about eight years.” ICE vehicles have hundreds of ‘weak’ points. Timing belts are recommended to be replaced between 60 and 100k; other possible expenses include converter and transmission failures.