Wow. I live in a northern state that has more than its fair share of potholes. So I guess every bump in the road means a potential EV battery replacement.
I just hope this bus wasn’t an EV.
Posted on 01/02/2024 8:56:15 AM PST by fireman15
This is a Motormouth couple car video discussing the cost to replace the battery in 2022 Hyundai IONIQ 5. After finding out that his battery protection cover was scratched, the owner was told the battery needed to be replace for more than he paid for the car brand new. Over $60,000, so he decided to make a claim on his insurance and have the car written off.
This is a cautionary tale to not only EV owners and potential owners but also other manufacturers, that these kinds of casts are out much more than consumers are expecting to pay. Hyundai Canada was eventually notified to the customers concerns but only after the car had been written off by the insurer. Watch this story and decide for yourself.
(Excerpt) Read more at youtu.be ...
The young man apparently had no idea that there was any damage to the underside of his car. The dealership told him that his battery warranty was no longer in force and that he needed a new battery. They said that since there was some type of impact to the battery protection cover that they could not guarantee that the battery was not damaged and the car might explode. The estimate to replace the battery was $60,000 Canadian.
The kid turned it into his insurance company and they "totaled" the car and said that the damage was his fault. Since the claim is so high he was told that he will now have to pay twice as much for car insurance for the next ten years.
So regardless of how you feel about electric cars and whether or not you feel that they are going to save the planet... there are other considerations that could hit you in the pocketbook in unexpected ways.
SURPRISE!
It sure seems that there are many problems with electric cars.
Which is another reason why we should all be concerned that government officials, and assorted liberal types , are intent on force feeding electric cars on us.
everyone paying car insurance is paying for all the low-mileage EV’s that are ‘TOTALED’ after a minor accident. My car/home insurance (State Farm) bill went up 20% in 2023
And the thing still won’t go 50 miles in the cold Canadian winter.
As predictable as the sun rises every day.
Wow. I live in a northern state that has more than its fair share of potholes. So I guess every bump in the road means a potential EV battery replacement.
I just hope this bus wasn’t an EV.
I have said before I would but an electric car when:
1. There are charging ports at every gas station.
2. There is a lifetime free battery replacement program.
3. There are built in fire suppression systems.
4. It all costs under $60K.
IOW, I won’t be buying one.
Less with the skid plate the electric SUV should have had.
A friend of ours in California wrecked his 1990’s vintage Dodge Viper and kept the car while replacing it with a then-new Tesla.
He ‘bricked’ the Tesla and effectively totaled it.
Getting clever he put the perfectly fine V10 drivetrain from the Viper into the perfectly fine chassis of the Tesla.
Result: A V-10 Tesla that’s exempt from smog rules. (-:
Just thinking this is something other people can do with their totaled electric cars.
Our combined auto and home insurance (Texas AAA) went up 27% in 2023. Homeowners went up 14%, while auto insurance went up 35%. The latter for two drivers with no infractions in the 5+ years we've been in Central Texas, and low overall mileage.
I haven’t seen any actuarial figures on EV batteries (replacement cost, probability of failure, and age at failure), but one would think manufacturers of EVs would build insurance into the original price (or at least offer it as an after-market option).
Definitely worthy of a 2nd opinion. Never trust dealership service centers.
RoosterRedux wrote: “I haven’t seen any actuarial figures on EV batteries (replacement cost, probability of failure, and age at failure), but one would think manufacturers of EVs would build insurance into the original price (or at least offer it as an after-market option).”
If you build insurance into the original price, you will only further price EV out of the market.
If you offer that insurance as an after-market option, you will be signalling to buyers just how expensive EV mantenence can be.
A surprise $60K battery expense a wee bit down the road has already priced this EV out of the market.
Nuclear Diamond batteries (life > 5730 years !) are the future. But don’t expect them anytime soon.
The 60,000 is in Canadian dollars. So the US dollar cost is a mere $45,000. No big deal.
$45,000 isn’t a big deal?
Seriously?
I think Blennos is notorious for understated sarcasm.
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