Become An Electric Car Batteries Refurbisher - Business Ideas

Become An Electric Car Batteries Refurbisher - Business Ideas
Become An Electric Car Batteries Refurbisher

Electric vehicle refurbishing involves repairing the failed battery so it can be placed back in the vehicle or sold as a second-hand EV battery.

EV refurbishing offers electric vehicle owners a cheaper option compared to the cost of replacing the failed battery. As electric vehicles become popular, the demand for battery refurbishing services will increase because not every EV owner might afford battery replacement.

Therefore, starting the EV battery refurbish business might offer significant profit margins.

Becoming an electric car batteries refurbisher requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell electric car batteries refurbishing, or selling electric car batteries refurbishing online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$162M
starting costs
$18K
gross margin
90%
time to build
270 days

Startup Costs

Min Startup Costs Max Startup Costs
Employee & Freelancer Expenses $151 $252
Website Costs $223 $7,015
Business Formation Fees $600 $4,700
Vehicle Expenses $0 $10,000
Retail Business Expenses $1,250 $6,650
Advertising & Marketing Costs $75 $3,986
Software Expenses $162 $2,720
Office Space Expenses $0 $100
Specific Industry Expenses $0 $500
Total Startup Costs $2,461 $35,923

Successful Businesses

Business URL Rank
LUCID lucidmotors.com #60,441
Proterra proterra.com #281,912
MYEV.com myev.com #358,338
ElectricScooterParts.com electricscooterparts.com #408,524
DIY Electric Car Forums diyelectriccar.com #442,282
ClipperCreek clippercreek.com #509,750
Schumacher Electric batterychargers.com #550,915
Greentec Auto greentecauto.com #854,999
Custom Golf Carts and Accessories, and eMoke electric cars shipped nationwide ckdgolfcarts.com #1,205,530
Battery Reconditioning Lab batteryreconditioninglab.com #1,439,357
Home tampahybrids.com #1,534,304

Pros & Cons

Pros Description
Little startup costs required The cost to start a electric car batteries refurbisher costs significantly less money than most businesses, ranging anywhere from 62 to 35,923.
Rewarding work Starting a electric car batteries refurbisher can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Pick & choose the clients you work with Electric Car Batteries Refurbisheres have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!
Control of workload With becoming an electric car batteries refurbisher, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.
Gain exposure and experience This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A electric car batteries refurbisher can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Work can be inconsistent As a electric car batteries refurbisher, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Lack of benefits With a electric car batteries refurbisher, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Taxes As a electric car batteries refurbisher, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.
No safety net Typically, as a electric car batteries refurbisher, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.

Pat Walls,  Founder of Starter Story
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