A system and method for management of vehicle battery life is disclosed. The system is communicatively coupled to a vehicle and receives information associated with the vehicle. Based on the received information, the system determines a user of the vehicle as one of a lessee of the vehicle or an owner of the vehicle. The system sets a limit that is applicable on a consumption of charge cycles from a current cycle life of a battery unit of the vehicle. The limit is set based on the determination that the user is the owner of the vehicle. The system detects a connection of the vehicle with an electrical system of a built environment associated with the user and controls a transfer of electric power from the battery unit to the electrical system based on the detection and the set limit.