Battery

Battery lease

A battery lease separates ownership of an EV battery from ownership of the vehicle, with the driver paying a recurring charge to use the battery. The battery provider retains ownership and the contract can include battery-health guarantees. Early EVs such as some Renault Zoe models were sold under this model to lower the vehicle's purchase price and reduce the buyer's battery-degradation risk. Battery leasing is much less common on current passenger EVs, but it still matters when valuing or buying used vehicles that were originally supplied with a separate battery contract.