Other Vehicle Cost Factors
The cost savings calculator does not factor in any costs that may be incurred in battery replacement charges nor does it factor in the additional costs associated with internal combustion engine (ICE) servicing. So let’s consider those.
Batteries wear out and a replacement battery will eventually be needed. Tesla Model S or Model X is protected by a 4 year, 80,000 km limited warranty and an 8 year or unlimited kilometre Battery and Drive Unit Limited Warranty. However real world experience is indicating that expected battery useful life spans are greater than expected and with improving battery technology it’s not unreasonable to assume batteries will last 10 – 12 years before replacement is necessary. In 10 – 12 years the price of battery replacement will be insignificant in comparison to today. The average kms per annum for Australian motorists is approximately 15,000kms so an owner will expect to replace the batteries about every 10 years.
Now how about the servicing costs associated with ICE vehicles. Every car owner knows the expense of servicing and replacement parts. Hefty! With EVs there is relatively little servicing and of course no expensive exhaust systems, starter motors, fuel injection systems, radiators and a myriad of other parts that simply aren’t needed with an EV. What are those cost savings over a 10 year period. Difficult to quantify but in a word, substantial.