According to our data, the simple answer is that the vast majority of batteries will outlast the usable life of the vehicle and will never need to be replaced. If an average EV battery degrades at 1.8% per year, it will still have over 80% state of health after 12 years, generally beyond the usual life of a fleet vehicle.
Geotab's findings indicate that electric vehicle batteries are now degrading only 1.8% per year on average, suggesting significant improvements since 2019 when the rate was 2.3%.
With advancements in technology, companies are exploring sustainable solutions for end-of-life batteries, emphasizing the recycling of valuable materials instead of disposal in landfills.
Redwood Materials aims to create a closed-loop system for battery recycling, highlighting the industry's potential for sustainability and reducing waste once electric vehicle batteries reach their end of life.
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