Become An Electric Car Batteries Refurbisher - Business Ideas

Updated: September 15th, 2022
Become An Electric Car Batteries Refurbisher

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

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.