Electric Car Battery Replacement Cost in India – All you Need to Know

Are you planning to buy an electric car? Butt is worried about battery replacement costs and other things? If that is your concern, you have stumbled upon the right webpage. In this article, we are going to talk about electric car battery replacement costs in India. Also, you can check out the average electric car battery life, and more things about electric car batteries.

So, without any further ado, let’s get started –

Electric Car Battery Replacement Cost in India

Electric vehicles use batteries to obtain energy that ultimately helps drive your vehicle. While there are different types of batteries available in the market.

The ones that can be used in these electric vehicles are lead-acid batteries, nickel-metal hydride batteries, and lithium-ion batteries. The most popular ones are obviously lithium-ion ones.

Lithium-ion batteries offer a longer lifespan, high energy density, low self-discharge rate, and require pretty low maintenance. Plus, lithium-ion batteries are very eco-friendly and quite lightweight and compact compared to other types of batteries. These are the reasons the majority of electric vehicles use lithium-ion batteries for energy.

The good thing here is that the pricing of lithium-ion batteries is falling. According to a report released by Bloomberg New Energy Finance (BNEF) in 2021, the prices of lithium-ion batteries have dropped from an average of $1,160 per kWh to $132 per kWh in 2021.

Moreover, the prices of lithium-ion batteries are likely to fall under $100 per kWh by the end of 2024. Even companies like Ford and Renault have officially announced that they are targeting to offer lithium-ion batteries at $80 per kWh by 2030. 

Considering that electric batteries account for almost 40-50% of the cost of the vehicle currently, it will significantly bring down the overall price of the vehicle. Plus, EV battery replacements would become much cheaper than before.

electric car battery replacement costs in india
electric car battery replacement costs in India

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Electric Vehicle Battery Life

Electric vehicle batteries, especially lithium-ion ones, are proven technology that can easily last for years without any issue.

The overall lifespan of lithium-ion batteries depends on the number of charge cycles. However, a lithium-ion EV battery is expected to last at least 8 to 10 years.

Many electric vehicle manufacturers such as Tesla, Nissan, and others warrant that their electric batteries will last at least eight years or 160,000 KMs.

Definitely, you will get a better battery life than this, especially if you charge your batteries the right way.

However, the battery life of electric vehicles depends on many things. But the most important one of these is charge cycles. A charge cycle for batteries means charging your battery from 0 to 100. The good thing is that a lithium-ion battery can easily last about 1000 to 1500 full charge cycles.

nexon ev battery replacement cost in india
Tata Nexon EV Battery

Now, the charge cycle only counts when your battery is discharged to flat and then recharged to 100%. But if you use your battery until it reaches 75% capacity and then plug it to charge, it won’t count as a full charge cycle. This way, you can significantly increase the lifespan of the battery.

Even though it is a great habit to top up your batteries periodically instead of charging them from flat to full, it is pretty tough to follow.

That’s why EV manufacturers design their vehicles in a certain way that restricts drivers from using the full amount of power of the battery.

This reduces the number of charge cycles of the battery, giving you a better battery lifespan.

Additionally, EV manufacturers use other techniques such as smart cooling systems to increase the lifespan of batteries.

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Electric Car Lithium-ion Battery Replacement Cost in India

At first, you don’t have to be concerned about the replacement cost. Most electric car manufacturers provide at least 5 to 8 years of warranty on batteries. But what if the warranty period is over or something terrible happens that requires you to replace the battery? 

Currently, the approximate cost of a lithium-ion battery is $132 per kWh or about INR 12,000 – INR 15,000 per kWh in India. Suppose your electric car runs on a 40 kWh lithium-ion battery pack.

In that situation, you have to pay around $5,500 or somewhere around Rs 4.5-5 lakh in India to replace the battery of your car. However, you have to pay this amount only if you already own an EV that needs a battery replacement.

But, if you are buying an electric car right now, you will get at least 5-8 years of warranty on your battery. Considering that the pricing of lithium-ion batteries is falling and it is expected that by 2030. It will go below $80 per kWh, the battery replacement cost will be drastically reduced.

According to the same calculation we did before, a 40 kWh lithium-ion battery pack will cost somewhere around $3200 or Rs 2.5-3 lakh.

However, you have to understand that this is an estimated electric car battery replacement cost in India. The actual price will vary from state to state and manufacturer to manufacturer.

Closing Comments

There you have it – a detailed guide on electric car battery replacement cost in India.

In India, you have to pay approximately Rs 12-15K per kWh for lithium-ion batteries. The good thing is lithium-ion battery prices are falling, and by the end of 2030, the prices will reduce to the extent where you have to pay around Rs 7-10K per kWh. This will significantly reduce the replacement cost of the battery and the overall price of the vehicle.

The good thing is many manufacturers are researching how these lithium-ion batteries can be recycled. Currently, the best idea that manufacturers have come across is using these batteries that have reached retirement age in EVs to power buildings and offices.

It is believed that the time when a battery needs to be replaced in an EV is just the beginning of the battery’s life. Even after removing them from cars, the batteries can be used for years to store electricity.

Volkswagen has recently announced that they are setting up a battery recycling plant. The brand is expecting to recycle up to 97% of battery components of batteries that have reached the end of their lifespan. All these things will significantly help reduce the price of batteries. Also, we can expect that car battery replacement will be much cheaper in the future.