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Leasing Batteries Reduces Life Costs Of EVs

According to a study conducted by Glass’s, who is the leading valuations expert in United Kingdom, leasing the batteries for an EV can offer whole life costs superior to other alternatives. The data was revealed at an RAC Foundation at the beginning of this month.

You probably know that it is a very crucial time for the electric vehicles market and probably one of the most important factors that a customer has to take into consideration is the cost. The battery is the most expensive component of an EV and at the same time it is a part of the car that we can’t be sure of its reliability, durability and residual value.

This situation makes things considerably more difficult for electric car manufacturers as they don’t know whether they should sell these cars with the batteries included or they should lease them. The study shows that for the Nissan Leaf, the purchase cost (including the battery), retains 35% of its value after 36 months and 36,000 miles, compared to a similar EV in size for which the owner has to lease the batteries, and should retain 54% of its value over the exact same period.

As far as a range-extender car that drives using only electric power and in which the battery is charged by a gasoline power unit, it will hold 43% of its value. For a diesel, the Glass’s study shows that after 36 months and 36,000 miles, the car will retain 44% of its value.

The depreciation costs of these EVs are calculated to be 16,765 pounds for the Nissan Leaf; 16,570 pounds for the range-extender and 8,275 pounds for an electric vehicle with a leased battery; while a diesel model will lose 9,750 pounds of its value over three years. The costs per mile are: 0.49 pounds for the Nissan Leaf; 0.52 pounds for the range-extender and 0.39 pounds for the diesel. The winner here is the EV with a leased battery – 0.33 pounds per mile.

Source: Glass’s via NextGreenCar


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