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EV batteries lack reparability leading some insurers to junk whole cars after even minor collisions
FOX Business ^ | March 20, 2023 | By Lawrence Richard

Posted on 03/20/2023 5:55:02 AM PDT by Oldeconomybuyer

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."

These battery packs can also cost tens of thousands of dollars, representing as much as 50% of an EV's price tag. This also makes replacing batteries uneconomical.

These cars also pile up in scrapyards, usually with low mileage, exacerbating the problem.

According to Reuters, EV salvage sales in the U.S. and Europe includes low-mileage Teslas, Nissan Motor Co, Hyundai Motor Co, Stellantis, BMW, Renault and others.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: automotive; batteries; electric; evs; vehicles; wrecks
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1 posted on 03/20/2023 5:55:02 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

EVs....NOT GREEN


2 posted on 03/20/2023 5:56:14 AM PDT by 2banana (Common ground with islamic terrorists-they wacnto die for allah and we want to arrange the meeting)
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To: Oldeconomybuyer

The politicians want to force us into EVs so they can achieve total control over our lives.


3 posted on 03/20/2023 5:59:50 AM PDT by I want the USA back (News media and democrats are pond scum. My pronouns: Haha, heehee, hoho, hoo )
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To: Oldeconomybuyer

Swap a chevy small block in there for $5000 and you’re back on the road.


4 posted on 03/20/2023 6:00:35 AM PDT by DaxtonBrown
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To: Oldeconomybuyer

Where are the idiots that only want battery driven cars?


5 posted on 03/20/2023 6:00:47 AM PDT by George J. Jetso
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To: I want the USA back

The ChiComs want us in EVs to limit our freedom. US energy independence is a danger to ChiCom long term plans.


6 posted on 03/20/2023 6:03:51 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Oldeconomybuyer

Great for parts.


7 posted on 03/20/2023 6:07:51 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Federal-run medical care is as good as state-run DMV.)
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To: DaxtonBrown

https://www.youtube.com/watch?v=x-6kHjF1U1E


8 posted on 03/20/2023 6:09:39 AM PDT by chrisser (I lost my vaccine card in a tragic boating accident.)
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To: Oldeconomybuyer

EVs are a DEAD-END


9 posted on 03/20/2023 6:10:52 AM PDT by butlerweave
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To: central_va

“The ChiComs want us in EVs to limit our freedom. “

So do progressivies.


10 posted on 03/20/2023 6:11:40 AM PDT by dljordan
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To: dljordan
So do progressivies.

Who do you think instigates our progressives? The ChiComs....

11 posted on 03/20/2023 6:13:05 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: butlerweave

EV pushers are doing the bidding of thr ChiComs and progressives.


12 posted on 03/20/2023 6:16:06 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: George J. Jetso
Where are the idiots that only want battery driven cars?

They are called Communists.

13 posted on 03/20/2023 6:16:50 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: DaxtonBrown

Ooh. Gee. $ign me up.


14 posted on 03/20/2023 6:16:52 AM PDT by one guy in new jersey
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To: 2banana

EV’s are going to cost the American Taxpayer billions to reclaim, repair and support in general.


15 posted on 03/20/2023 6:16:58 AM PDT by chopperk ( )
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To: Oldeconomybuyer

EV’s are a long-term environmental disaster.


16 posted on 03/20/2023 6:19:46 AM PDT by FreedomForce
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To: George J. Jetso
Where are the idiots that only want battery driven cars?

In Karenville. A suburb in Anystate USA.

17 posted on 03/20/2023 6:19:59 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Oldeconomybuyer

This is terribly misleading coverage. You can absolutely replace an EV battery pack. And Tesla does it frequently. The grain of truth behind this false assertion is this: Tesla will replace the entire battery pack during its 8-year warrantee. AFTER those 8 years, Tesla will not service the packs, and their service centers will instead recommend replacing the pack, which can cost up to $20,000. Most insurers are contractually obligated to use manufacturer-approved service centers, so if the value of car is less than $20,000, the car may be considered “totaled.”

HOWEVER, there ABSOLUTELY are ways that a Tesla driver can have his battery pack repaired for FAR, FAR less.

So this is strange and expensive. While it’s true that it kinda sucks, why would Tesla do this? Well, any time a Tesla catches fire, it makes global headlines. Maybe rebuilding a damaged battery pack can lead to unsafe conditions; maybe it won’t. It hasn’t been demonstrated that it does, but Tesla isn’t willing to risk their reputation based on local service centers’ repair skills.


18 posted on 03/20/2023 6:25:14 AM PDT by dangus ( )
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To: 2banana
EVs....NOT GREEN

Well! You can wrap a Tesla in a green color and then it’s green….. 🤣🤣🤣🤣🤣🤣

19 posted on 03/20/2023 6:34:09 AM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: Oldeconomybuyer

They can make swappable and repairable batteries. Cell phones used to have them.

But that was long ago in a time where the consumer had some pull.


20 posted on 03/20/2023 6:34:23 AM PDT by redgolum (If this is civilization, I will be the barbarian. )
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