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What’s the most expensive component of an electric car?
I’m thinking about buying a new electric car, but I want to be prepared for any major expenses that might come my way. What is the most expensive component of an electric car?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
One of the biggest perks to buying an
electric car
is that they tend to be less expensive to repair over time than your traditional gas-powered car. By far, the most expensive component of an electric car, and also the reason that they tend to cost more than gas-powered cars, is the rechargeable battery.Right now, a replacement battery for an electric car can cost upwards of $10,000. Thankfully, with most new electric cars, you shouldn’t need to replace that battery any time soon. Electric car batteries are federally mandated to be under warranty for the first eight years or 100,000 miles of use, whichever comes first.
To ensure that your car is always taken care of, getting on the right
car insurance
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- Gregory R.
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