ANALYSIS: Cost of EV Battery Replacement May Come as a Shock

As Ottawa mandates selling electric vehicles (EVs) and with an increasing number of offerings for consumers, the potentially major issue of battery replacement remains uncertain. It’s been said that an EV is its battery and then everything else. In a video uploaded Dec. 12, automotive journalists Andrea and Zack Spencer of the Motormouth Youtube channel, told the story of Kyle Hsu, a 2022 Hyundai Ioniq 5 owner who faced a $60,000 bill to replace its battery. That was more than the $55,000 cost of the car brand new. Thus was a can of worms opened for Mr. Hsu on confirming damage to the battery; identifying what role the dealer, head office, and manufacturer have to play; and determining the insurance impact given the loss of his clean driving record....