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Ten Cents Mile Battery Replacement Penalty

Krypto profile picture
Krypto's Blog
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  • Batteries always die.
  • Lithium-Ion batteries rarely exceed 10 years of life.
  • Their death and replacement kill the BEV economy argument.

Let's be generous and say the average BEV gets 200,000 miles on its batteries. I think it is likely less, but stick with me here.

Let's assume such a 100KwH battery costs $20,000 to replace with a nice new one.

That's ten cents per mile to drive a BEV. ICE cars use less in gas expense per mile if they exceed 25 MPG and gasoline is less than $2.50 per gallon.

Analyst's Disclosure: I am/we are long TPL.

I do not own NIO stock nor am I shorting it.

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