How to Keep Electric Vehicles Running Smoothly While Avoiding Costly Repairs
Electric vehicles are very popular due to their eco-friendliness, energy efficiency, and long-term cost savings. Modern EVs can cover over 400 miles on a single charge, which significantly reduces the “range anxiety” associated with all-electric vehicles.
However, it is essential to acknowledge that, like their internal combustion engine (ICE) counterparts, EVs also require mechanical repairs over time due to use and breakdown of parts. While demanding less maintenance overall, EV repairs are more complex and expensive than traditional combustion engine cars.
First, drivers must keep the battery maintained. Ensure the upkeep and optimal condition of an electric vehicle’s lithium-ion battery by diligently following the guidelines provided by the manufacturer. This entails consistently maintaining the battery’s charge level within the recommended range and safeguarding it from temperature variations that will affect its efficiency and lifespan.
Just like traditional vehicles, the other components of EVs require routine maintenance. Remind customers to follow the recommended service intervals for tire rotations, brake inspections, and fluid checks to ensure optimal performance and identify potential issues before they escalate. Mechanical issues that could have been prevented by routine maintenance are often the hardest ones to repair.
Most electric vehicles on the road today are like computers on wheels, and thus, they require over-the-air updates as frequently as once per month. Inform customers about software updates provided by the EV manufacturer, as these include performance improvements, bug fixes, and enhanced features. Keeping software up-to-date ensures that customers benefit from the latest advancements and minimizes the risk of potential software-related issues.
How EV Repairs Can Cost More than a Combustible Engine Car
While EVs generally require less maintenance than traditional vehicles, their mechanical repairs can be costly. The specialized nature of EV technology contributes to higher repair expenses. Here are some examples of potential EV repair costs:
- Battery Replacements
Electric vehicle batteries are crucial components representing a significant portion of the vehicle’s value. If a battery fails or degrades over time, replacing it can be expensive. Battery replacement costs vary widely depending on the make and model of the EV, but they range from several thousand to tens of thousands of dollars. For instance, changing a Tesla Model 3’s battery costs about $16,000, the same price as a used Toyota Corolla! - Specialized Components
EVs use intricate systems and specialized components that require expert technical knowledge and specialized equipment for repairs. Electric motors, inverters, and controllers are less common or serviced than combustion engine counterparts. Therefore, repairing or replacing these components requires the expertise of trained technicians, leading to generally higher repair costs. - Limited Repair Network
The availability of repair facilities and technicians trained to work on EVs is often limited. On the other hand, repair shops for traditional fuel-powered vehicles are much more common and conveniently located. As a result, EV owners may need to travel further or rely on specialized repair centers, which can increase repair costs and inconvenience.
The Perks of a Vehicle Service Contract
To safeguard against unexpected repair costs and provide peace of mind, EV owners should consider investing in a vehicle service contract offered by their dealership. Buying a vehicle service contract typically happens when the factory warranty expires. By purchasing a vehicle service contract (VSC), EV owners can enjoy the following benefits:
- Financial Protection: According to the National Automobile Dealers Association, electric vehicle repairs cost an average of $1,712. A VSC covers the cost of mechanical repairs, minimizing the financial burden on the vehicle owner. Instead of paying out of pocket for expensive repairs, a VSC covers the costs, providing financial protection and predictability.
- Peace of Mind: Knowing that a VSC covers repairs can alleviate worries associated with potential breakdowns or failures. EV owners can drive with confidence, knowing that their vehicle is protected against unforeseen, expensive repair costs.
- Convenience: With a VSC, EV owners can access an extensive network of authorized repair facilities and technicians specializing in EVs. This ensures that repairs are performed by trained professionals who understand the intricacies of electric vehicles, maintaining their integrity and reliability.
- Long-Term Savings: Over the lifespan of an EV, repairs can accumulate and become costly. A VSC can save owners a significant amount of money, especially when repairs involve specialized components such as batteries, electric motors, inverters, and controllers.
When considering a VSC, it’s essential to review coverage details, including the duration of coverage, covered components, and any deductibles or exclusions with customers. When a customer purchases coverage from your dealership, they should feel that they are choosing a reputable provider with a track record of reliability and excellent customer service.
Marketing Vehicle Service Contracts for Electric Vehicles
As the electric vehicle market expands, understanding the impact of extended coverage becomes paramount for EV owners and automotive industry professionals. While EVs may offer long-term cost savings and environmental benefits, it’s crucial to acknowledge the potential for higher repair costs due to specialized components and limited repair networks. By investing in a vehicle service contract, EV owners can protect themselves against unexpected mechanical repair expenses, ensuring peace of mind and long-term financial stability.
At Automotive Product Consultants, we offer automotive post-sale marketing programs at no-cost to dealers. These programs market to your customers and educate them about the benefits of buying additional coverage from your dealership, including information about coverage on electric vehicles.
We encourage dealers and agents to contact us to learn how Automotive Product Consultants can power a post-sale vehicle marketing program that will drive sales and revenue for your dealership. Reach out to us today for a free program demo.
Contact Us Today
"*" indicates required fields
FAQ’s About Automotive Product Consultants
Customer Loyalty, Data Security, Dealership, Direct Mail, Marketing, Parts and Service, Safeguards, Sales, Service DriveWith over 24 years of experience in the field, we are well-equipped to help you with more than dealership marketing. These are some of the common questions potential clients ask us.