In this case, the ship is within eyesight of the coastline, and on damage potential/cost....if it were to sink, it’d probably go into the billions.
But two additional problems play out. First, the ship has yet to sink and there’s plans today to move it slowly to a port about 17 km away. I would expect legal challenges to deny the entry into the port. Second, there’s likely to be public questions now over the battery-fire business, and realization that every week or two....somewhere in Europe...a E-car fire erupts. The public will ask why, and if the fires present a major environmental problem as they occur.
Betting-wise, I expect it to be anchored while being denied port entry....then within a week....to start sinking just outside of the port.
Insurance cost increasing for freighters carrying E-cars? More than double or triple in future costs.
I’m not an environmental engineer but I imagine the toxicity of the smoke being spewed into the atmosphere has to be ridiculous. Keeping it in the open ocean, with all the ocean winds, would do a great job of dissipating that smoke, while bringing it closer to shore would definitely spread that smoke over the population. No Bueno.
Right now, insurance companies are either leaving Florida or making it too expensive to continue to live there. A friend of mine that has been in the industry says that for every $1 a company takes in, they’re paying out $1.25. I would love to see what they’re paying out for all the EVs that were destroyed during the hurricane last year. In addition to all the other claims.
Then toss in the fact that even minor accidents will total an EV, that ain’t a winning proposition for the insurance companies.
I foresee a future where insurance companies will provide liability insurance for an EV owner, for injuries and damage, but they will not cover the vehicle itself.
As for these ships, I can’t see Sotheby’s or whoever insures them doing it much longer. Either that or the premiums are so high that no one can afford them anymore, thus the end of the EV unless they are only built and sold in the country of origin. And given that China controls most of the material, they control the industry.
Don’t know if this is all by intent or unintended consequences, but either way it’s a mess brought on by corrupt politicians and their sugar daddies.