Switching to an EV can be a huge consideration, and trying to take in all the necessary factors to make your decision can be stressful.
As it turns out, leasing an EV can be the perfect way to alleviate the stress of making the switch! Here are 5 aspects to keep in mind if you’re on the fence about leasing an EV.
1. Consider battery degradation.
Electric vehicle batteries degrade over time, which can affect the range of the car. If you’re leasing an EV, you’ll typically be responsible for any battery degradation that occurs beyond normal wear and tear. This could result in a fee at the end of your lease.
According to this article, the average battery loses 2.3% of its capacity per year. However, degradation is not linear, and battery technology is only getting better with time, meaning future EV batteries will degrade less. By following tips like avoiding extreme temperatures, maintaining moderate battery charge levels, and using DC fast charging sparingly, you can minimize degradation and avoid excess wear and tear charges at the end of your lease.