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. Nissan guarantee their batteries against defects for 96 months or 160,000 kms (whichever occurs earlier) and capacity loss for 5 years or 96,500 kms (whichever occurs earlier). The average kms per annum for Australian motorists is approximately 15,000kms so an owner will expect to replace the batteries about every 7 years. To allay owners fears of hefty replacement costs, vehicle manufactures are coming up with novel, inexpensive replacement plans – for example a replacement battery for the Nissan Leaf will cost owners US dollars $100 per month.
“Owners can opt in at any time. When they opt into the program, they will receive a new battery pack with the latest available technology that is compatible with their vehicle. Then, Nissan provides assurance that the replacement pack will maintain 9 bars or more capacity for the time that they own their car and make monthly payments. If their battery drops below 9 bars, we will repair or replace the battery pack.” Brian Brockman Nissan’s senior manager of corporate communications. This cost is transferable to the new owner if the car is sold. This gives peace of mind to owners that they will not be slugged with a major payment when the battery needs replacing.
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 7 year period. Difficult to quantify but in a word substantial.