What are the implications of purchasing an electric vehicle (E.V.)? Let’s find out.
A new full-size E.V. capable of traveling about 300 miles with a single charge currently sells for about $60,000. Typical E.V. battery replacement after 3–5 years of normal use sells for $10,000–$15,000. This type lithium battery replacement is handled only by an authorized dealership. On the other hand, a new full-size gas vehicle (G.V.) sells for approximately $40,000. Typical battery replacement for the same normal use sells for $100–$150 and can be replaced and installed by the individual owner.
