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You may have heard a story about a Hyundai IONIQ 5 owner that damaged his battery in an accident and the car was written off because a new battery was going to cost almost $60,000 cdn How likely is this to happen and if you own not just a Hyundai EV but any electric vehicle, should you be worried?

I’ve said this from the start, batteries are expensive but the chance of a battery needing to be replaced other than in an accident where it’s covered by insurance is almost nil. Even off warranty, these batteries are designed for thousands of cycles meaning hundreds of thousands of miles before they show any significant loss of range. By the time anyone should need a non- warranted battery serve or replacement, battery technology would have advanced to the point of much lower costs to repair or replace with much higher power density and the ability to rapid individual cells.

Are electric cars the ultimate solution right now? For some yes but for many the infrastructure still isn’t there especially for those that need to rely solely on public charging.