Unlike traditional internal combustion engine (ICE) vehicles that rely on dozens of moving parts in their engines, electric vehicles function primarily with their battery, electric motor, and inverter, which significantly cuts down the potential points of failure. With fewer moving parts and simplified systems, EVs often lead to reduced upkeep and cost savings over time. Here’s what EV owners can anticipate:
1. Lower Maintenance Requirements
EVs eliminate the need for oil changes, spark plug replacements, and exhaust system repairs due to their simpler mechanical design. This reduction in components leads to fewer potential failures and less frequent maintenance visits. Studies indicate that EV owners experience approximately 40% lower maintenance costs compared to ICE vehicle owners, primarily due to:
2. Common EV Maintenance Tasks
While EVs require less maintenance, certain areas still need regular attention:
3. Battery Life and Replacement Costs
Modern EV batteries are engineered to last over 200,000 kilometers, with manufacturers typically offering warranties covering 8 years or 160,000 kilometers. Advancements in battery technology have made replacements increasingly rare. Data shows that EV batteries degrade at an average rate of 1.5% per year, meaning a battery would retain over 80% of its capacity after 12 years.
While battery replacement is infrequent, it may become necessary if capacity diminishes below acceptable levels or due to unforeseen failures. If needed, replacement costs vary by vehicle model and battery size, ranging from around $7,500 CAD for smaller batteries to over $25,000 CAD for larger ones.
4. Tips for Minimizing EV Maintenance Costs
By adhering to these practices, EV owners can enhance the cost-saving benefits and longevity of their vehicles, making EVs a practical and sustainable choice for long-term ownership.
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