Wonder

Log in

Research Outline

Prepared for Thomas G. | Delivered October 28, 2019

Vehicle Lifespan

Goals

To understand the average lifespan for electric vehicles.

Early Findings

  • The majority of press coverage and research surrounds the life span of EV batteries rather than the whole cars.
  • For example, the NREL states that EV batteries typically last around 10-15 years. However, many owners could choose to replace a failed EV battery rather than scrap the whole car.
  • Some batteries are estimated to cost more than the value of the car, so their failure would most likely result in scrapping the car.
  • The average age of a car in the US was 11.6 years. The average lifespan is 13-17 years.
  •  6.9% of cars in the US are predicted to scrapped in 2019. This would be due to accidents, damage and failure.
  •  27 million cars reach the end of their life each year, worldwide.
  • Totalled vehicles represented 19% of auto insurance claim values in early 2019 in the US.
  • In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports that address your goals.