Part 6/9:
Ongoing advancements in battery technology have also contributed to improved longevity. New lithium-ion cell chemistries and smarter battery management systems are evolving with time, allowing newer EV models to experience degradation rates as low as 1.8% annually, a significant drop from 2.3% in 2019. Studies indicate that many batteries still maintain over 80% of their capacity after several years — proving that the initial fears regarding battery lifespan were perhaps overly inflated.