No, the odometer is accurate (in my Leaf at least) - over the 5km odometer test on the Southern motorway my odometer was out by less than 100 meters - which is <2%, so it doesn't have a corresponding inflation of the range. I was fully expecting it to be out by 0.6km given the lacklustre performance on the speedo.
Perfectly legal doesn't mean it is perfectly useful to the driver nor perfectly considerate to other road users. It is also perfectly legal to have no rear seat belts in an old 1950's car, but it doesn't mean it is a good idea.


