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 The dealership told him that his battery warranty was no longer in force and that he needed a new battery.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!
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.
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.
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.
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.
The root problem is that Hyundai simultaneously decided that a scratch meant that the whole battery needed to go and that they weren’t going to honor their warranty.
IOW they hosed this guy and he let them, throwing the cost on everyone by way of the insurance company.
Read that cost of driving an EV is equivalent to paying $17 per gallon for gas.
No way.
Thank you for summary
Just like that $39.99 printer
. . .
And it’s Ink Cartridges
P T Barnum said it best, one born every second.
The goal is NOT to force everyone to drive EVs. Even the most leftist coolaid drinking true believers know that our power grid could never handle adding millions of EVs, even before they ban all coal and natural gas power plants.
The goal is to force everyone to give up their private vehicles and ride mass transit. This will of course require that most people move to high density democrat controlled cities. EVs are just an interim means to that end.
No one will buy a ‘used’ 2022 Hyundai IONIQ 5... No one...
Cell phones, tablets and notebook PCs all used to have replaceable batter. Now the batteries are soldered into the motherboards. Battery won’t hold a charge after 3 to 5 years? No problem. Throw away your now useless device and buy a new one. Same principle but on a larger scale.