What’s Happening: J.D. Power, a global leader in data analytics and consumer intelligence, has teamed up with Motorq, the leading connected vehicle analytics and infrastructure company, to measure real-world electric vehicle (EV) battery health. The two companies will use data from the vehicle itself to provide an independent measurement of an individual EV battery’s health, compared to its stated health when new. The information will help EV owners and potential buyers assess the health of their battery and make informed decisions.
Why It Matters: Electric vehicle shoppers are concerned about range and battery longevity. For used EVs, the range can be affected by a number of factors, including how the vehicle has been driven and charged, and the temperature where it is being operated. J.D. Power and Motorq’s new product will provide transparency into an area where it is difficult for the consumer to make their own assessment. This information will give used EV shoppers greater confidence that they are buying a high-quality vehicle at a fair price.
Key Points:
- J.D. Power and Motorq have formed a strategic alliance to measure real-world electric vehicle battery health.
- The first product from the alliance will provide an independent measurement of an individual EV battery’s health, compared to its stated health when new.
- The information will help EV owners and potential buyers assess the health of their battery and make informed decisions.
- J.D. Power and Motorq will use thousands of measurements taken from the vehicle over time to assess how an individual EV battery is performing.
- The two companies are in active discussions with vehicle manufacturers and other industry participants to bring empirical EV battery health to the marketplace.
Bottom Line: J.D. Power and Motorq’s new product will help EV owners and potential buyers make informed decisions by providing an independent measurement of an individual EV battery’s health. The information will give used EV shoppers greater confidence that they are buying a high-quality vehicle at a fair price. J.D. Power and Motorq are in active discussions with vehicle manufacturers and other industry participants to bring empirical EV battery health to the marketplace.
