Ordinary Guy
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- Jul 16, 2021
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EV batteries lack reparability leading some insurers to junk whole cars after even minor collisions
Unless reparability in EV batteries is addressed and fixed, the pile-ups will increase — and so too, will premiums, expert says
A scratched or slightly damaged electric battery might be enough for some insurers to write off entire cars, as for many electric vehicles there is no way to repair battery packs after collisions.
As a result, the consumer — who likely acquired an electric vehicle wanting to reduce monthly costs — faces higher premiums and some countries are starting to see electric vehicle batteries piling up in scrapyards, according to Reuters.
Matthew Avery, research director at automotive risk intelligence company Thatcham Research, said the goal of electric vehicles was sustainability, but a lack of reparability is creating a whole new problem.
"We're buying electric cars for sustainability reasons," Avery said, Reuters reported. "But an EV isn't very sustainable if you've got to throw the battery away after a minor collision."
https://www.foxbusiness.com/markets/...nor-collisions
What a way to create more junk liberals!
Unless reparability in EV batteries is addressed and fixed, the pile-ups will increase — and so too, will premiums, expert says
A scratched or slightly damaged electric battery might be enough for some insurers to write off entire cars, as for many electric vehicles there is no way to repair battery packs after collisions.
As a result, the consumer — who likely acquired an electric vehicle wanting to reduce monthly costs — faces higher premiums and some countries are starting to see electric vehicle batteries piling up in scrapyards, according to Reuters.
Matthew Avery, research director at automotive risk intelligence company Thatcham Research, said the goal of electric vehicles was sustainability, but a lack of reparability is creating a whole new problem.
"We're buying electric cars for sustainability reasons," Avery said, Reuters reported. "But an EV isn't very sustainable if you've got to throw the battery away after a minor collision."
https://www.foxbusiness.com/markets/...nor-collisions
What a way to create more junk liberals!