In 2024, we performed a new analysis and the results indicate that EV batteries have improved significantly, degrading at 1.8 percent per year on average,” said the firm in t

Among the many myths surrounding EVs is that, given the cost of the battery, the car will need throwing away after a few years, when the battery fails. This misconception was among the first to be addressed in the ‘Little Book of EV Myths’ published earlier this year by FairCharge.

New research shows that electric car batteries have a significantly longer lifespan than many previously feared. A study from the Canadian company Geotab reveals that modern electric vehicle batteries degrade 22 percent slower than older battery technologies.