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A bit more than that "The lifetime of a recoverable energy storage system (RESS) is a key determinant in its long term viability. Chemical batteries can typically be cycled (charged and discharged) about a thousand times before they must be disposed of or recycled." - http://www.f1technical.net/features/11805


So that's effectively 1000 laps - so I'm guessing maybe 2 battery packs per season - on the upside they are a lot smaller than systems used on something like a Prius (which only last about 5 years - so don't buy a 7 year old Prius)


Which team is Lewis Hamilton driving for in 2025?
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