Electric vehicle batteries are designed to be more robust, as they carry a heavier load and last much longer. Of course, they`re also a little more expensive than your average Iphone Battery.
It`s no secret that batteries represent a large chunk of EV change, and are presumed to be one of the bigger stumbling blocks to EV ownership.
Of course, cell prices and battery pack prices are two different entities. A battery pack includes individual cells, supporting structure, a cell cooling system and a battery management system.
To understand what impacts a battery`s life, it`s important to first understand how it works. EV batteries are lithium based – when they are charged and discharged once, it`s called a cycle. A battery`s capacity will degrade as the cycle number increases. And battery life is measured in those cycles, with the industry standard of cycles close to 80 percent considered a benchmark.