Financial News
Stanford Study Suggests Current EV Battery Lifespan Could Be 40% Longer
A recent study from Stanford University Precourt Institute for Energy and the SLAC National Accelerator Laboratory has found that the average lifespan for electric vehicle batteries could be 40% longer than manufacturers expected. Researchers at the SLAC-Stanford Battery Center, a joint initiative between the SLAC National Accelerator Laboratory and the Precourt Institute for Energy found that existing EV batteries could remain functional for much longer than initially forecasted, suggesting that EV drivers may spend less on battery repairs and replacements.
On average, an electric vehicle battery will cost…
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