Yes he does. And I have been saying this for a long time. If you get in a minor fender bender that would not impact a combustion engine, you could ruin an electric car and pay $20,000 to replace the battery pack. Makes no sense.
There was a push years ago where you buy no fault insurance where if your in a wreck, you take care of your repairs, medical etc. The idea is that if you want to own a Porsche, you need to make sure your protected. EVs may make this a reality.