The True Cost of EV Batteries: What You Need to Know

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Episode Highlights:
  • Importance of checking the battery on a used EV before purchase.
  • Example case: Hyundai Ioniq 5 with a $60,000 battery replacement cost.
  • Multiple stories of the same car model being totaled due to battery failure.
  • Common issue: Inability to obtain a reasonably priced replacement battery.
  • Advice: Always get a thorough EV battery checkup before buying.
Key Points:
  • Batteries can fail for various reasons, including:
    • Excessive fast charging.
    • Exposure to high temperatures.
    • Improper charging habits (e.g., not allowing enough discharge before recharging).
  • Owner's manuals often provide guidelines to maintain battery health.
  • Warranty issues: Battery failures not covered by warranty could lead to significant out-of-pocket expenses.
  • Totaling the car: High battery replacement costs can lead to the vehicle being deemed a total loss.
Additional Resources:
  • Access to live one-on-one consultations with licensed and certified experts.
  • Personalized advisement and options based on your specific situation.
Engage with Us:
  • We value your stories, questions, and feedback.
  • Explore other videos on our channel for more information on related subjects.
Call to Action:
  • Ensure your used EV’s battery is in good condition to avoid costly replacements and potential total loss.
  • Follow the guidelines in the owner’s manual to keep your battery in optimal health.
  • Check out more content on our channel to assist with your EV-related issues.
The True Cost of EV Batteries: What You Need to Know
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