Geotab, a global leader in telematics, in its study has revealed that electric vehicle (EV) batteries are far more durable than previously assumed, offering significant implications for both global and Indian markets.
Its new report draws on data from nearly 10,000 fleet and private EVs globally, representing 1.5 million days of telematics data, to assess battery longevity and degradation.
This comprehensive analysis updates Geotab’s 2019 study of 6,300 EVs and highlights advancements in battery technology that could reshape perceptions of EV reliability and cost-effectiveness, particularly in markets like India, where EV adoption is rapidly growing.
The Geotab study reveals that modern EV batteries can last 20 years or more, challenging concerns about high replacement costs and limited lifespans compared to internal combustion engine (ICE) vehicles.
Key data points include:
- The average battery degradation rate is 1.8 per cent per year, a 22 per cent improvement from the 2.3 per cent reported in 2019.
- At this rate, a battery retains over 80 per cent capacity after 10 years and approximately 64 per cent after 20 years.
- For a 150-mile range EV, this translates to a loss of just 13.5 miles after five years, sufficient for most daily driving needs.
- Specific models demonstrate varied performance: the 2017 Chevy Bolt degrades at 1.45 per cent per year, the 2015 Tesla Model S at 2.3 per cent, and the 2015 Nissan Leaf at 4.2 per cent.
- Battery failure rates are remarkably low, below 0.5 per cent.
The Geotab study identifies key factors influencing EV battery degradation, focusing on battery chemistry and management practices.
It examines three lithium-ion battery types: Lithium Nickel Manganese Cobalt Oxide (NMC), Lithium Iron Phosphate (LFP), and Nickel Cobalt Aluminium Oxide (NCA).
Degradation rates vary due to these chemistries and the vehicle’s thermal management system, with liquid cooling outperforming air cooling. The study highlights that frequent DC fast charging (DCFC), high temperatures, and maintaining high states of charge (SOC) accelerate battery wear.
To extend battery life, Geotab advises:
- Limiting DC fast charging to reduce heat-related stress.
- Maintaining SOC between 20 and 80 per cent to minimise chemical strain.
- Using advanced thermal management, such as liquid cooling, to regulate battery temperature.