00:00It's Benzinga, bringing Wall Street to Main Street.
00:02EV battery reliability is improving as newer models retain range longer and require fewer
00:07replacements, according to the Wall Street Journal. Recurrent said the average EV can
00:12still drive up to 95% of its original range after five years, while only 0.3% of EVs
00:18built
00:19from 2022 onward have had battery replacements. Analysts said consumer concerns remain a barrier,
00:25with Edmonds noting continued buyer trepidation and auto-pacific finding battery replacement fears
00:31are the top reason shoppers avoid EVs' London School of Economics researcher Viet Nguyen Tien said
00:37newer EV lifespans are comparable to gasoline vehicles, helped by better chemistry,
00:42battery management systems, and thermal regulation. Alex Partners expects EV share to
00:47keep growing globally by 2030. For all things money, visit Benzinga.com.
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