Arval, the vehicle leasing company and subsidiary of BNP Paribas, has released an analysis of over 8,300 battery health certificates for used electric vehicles (EVs) from 30 brands, sold across eight countries between March 2023 and November 2024.
This study aims to address common concerns surrounding the range and longevity of electric vehicle batteries, offering greater transparency to potential buyers.
The findings suggest that EV batteries retain much of their performance over time, with average battery health recorded at 93%. The research revealed that the vast majority (98%) of the vehicles tested maintained a battery health of over 80%. Even after 70,000 km, the average health of an EV’s battery was 93%, and after 200,000 km, it remained close to 90%.
Arval’s initiative highlights the relatively slow degradation of EV batteries, challenging the misconception that battery performance diminishes too quickly. The study underscores the importance of reassuring buyers and promoting transparency, particularly as the battery represents between 20% and 30% of an EV’s purchase price.
The findings are part of Arval’s broader efforts to foster trust in the used electric vehicle market. By offering battery health certificates, Arval aims to help customers make informed decisions and build confidence in used EV purchases. The certificates, which include a QR code for easy access, offer an in-depth view of battery capacity relative to its new state, as well as potential range estimates under different driving conditions.
As a pioneer in offering these certificates, Arval works with Moba and Aviloo, two companies that specialise in battery evaluations. Both companies are approved by the Car Remarketing Association Europe (CARA), which provides independent certification of battery health. Currently, there is no European standard for battery health evaluation, but Arval’s approach helps standardise the process and ease concerns over resale values.
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
sample
Thank you!
Your download email will arrive shortly
We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form
By GlobalData
“By providing these insights, we help remove barriers to the resale of electric vehicles and promote a transparent approach to building consumer trust,” said Bart Beckers, Chief Commercial Officer of Arval. “This is a vital step in accelerating the energy transition and stimulating growth in the used EV market.”
Arval’s study, which covers eight countries including the UK, France, and Germany, included 77% battery electric vehicles (BEVs) and 23% plug-in hybrid electric vehicles (PHEVs), all sold by the company between March 2023 and November 2024.
