The cost of replacing the batteries in a Nissan LEAF has dropped to just £2,000, thanks to a new Nissan scheme to offer refabricated batteries in Japan.
The price of batteries for electric cars has been such a big part of the cost of an EV that, ignoring range issues, electric cars have struggled to compete against ICE cars.
But as economies of scale – and advances in technology – start to make their mark, battery costs for EVs continue to drop making EVs more affordable, more profitable for car makers and more appealing on the used market.
A good example is the cost of a replacement battery pack for the Nissan LEAF, which cost £20,000 just seven years ago, but which had dropped to £5,000 three years later.
But now, as Nissan in Japan launches a refrabricated battery replacement option with 4R Energy Corp, the price of getting a refabricated 24kWh battery pack drops to just £2,000 – a 90 per cent drop in cost in just seven years.
You can still buy new battery packs from Nissan, with prices (in Japan) for the 24kWh at £4,300, 30kWh at £5,300 and the 40kWh at £5,450. But if, as Nissan are planning, the refabricated battery range is extended to all battery pack sizes, then even a refabricated 40kWh battery pack should cost around £2,500.