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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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To: EandH Dad

countries are starting to see electric vehicle batteries piling up in scrapyards, according to Reuters.”

Just wait til that dumpster fire starts.

/\

If the EPA is fine with burning 3 rail cars worth of vinyl chloride in an open burn pit

,, pretty sure they will be fine with it.

(unless a citizen is burning them )


41 posted on 03/20/2023 7:25:56 AM PDT by cuz1961 (USCGR Veteran )
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To: central_va

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

Ours have been at it for 100 years.


42 posted on 03/20/2023 7:26:19 AM PDT by dljordan
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To: Roadrunner383
Thanks for citing facts. A lot of stories are posted on FR just to generate outrage.

Ain't that the truth! Apparently some people can't make it through the day without a big ol' cup of outrage to get them worked up.

43 posted on 03/20/2023 7:27:29 AM PDT by fidelis (👈 Under no obligation to respond to rude, ignorant, abusive, bellicose, and obnoxious posts.)
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To: EandH Dad

I’m in that industry. It is a problem. No one wants the batteries. Yards have also had ones that were damaged months earlier combust in the yard. One yard owner joked “I hope the whole pile bursts in to flames. Then I won’t have to pay 4 dollars a pound to get rid of them”

I thought Tesla had their own recycling program but at this point we do not accept anything with a lithium ion or nickel metal hydrate battery at our yard.


44 posted on 03/20/2023 7:28:23 AM PDT by cableguymn
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To: DaxtonBrown

LOL.
And an entire drive train, cooling system, brakes, lubrication system, etc etc etc.


45 posted on 03/20/2023 7:31:47 AM PDT by Kozak (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TV)
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To: SJackson

I didn’t know that!

Great idea.


46 posted on 03/20/2023 7:37:04 AM PDT by redgolum (If this is civilization, I will be the barbarian. )
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bookmark


47 posted on 03/20/2023 7:37:23 AM PDT by volunbeer (We are living 2nd Thessalonians)
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To: 2banana

Pretty much every car maker has committed to all EV within 7 years. The stupidity of this is painful.


48 posted on 03/20/2023 7:40:37 AM PDT by iamgalt
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To: cuz1961
countries are starting to see electric vehicle batteries piling up in scrapyards, according to Reuters.” Just wait til that dumpster fire starts. /\ If the EPA is fine with burning 3 rail cars worth of vinyl chloride in an open burn pit . mail . ,, pretty sure they will be fine with it. (unless a citizen is burning them ) .
49 posted on 03/20/2023 7:41:50 AM PDT by cuz1961 (USCGR Veteran )
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To: iamgalt

So are they going to make our tanks and fighter planes EVs too?


50 posted on 03/20/2023 7:41:57 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Oldeconomybuyer

One of my wife’s friends decided to keep her ten year old Prius and is on her third battery. The two battery replacements have totaled almost $15,000. While so far the engine and other components have held up it is only a matter of time when these will have problems. I fail to see the economics of replacing these batteries.

I expect that car insurance for EVs will become very costly due to repair costs and of course the potential fire hazard. Buying a used EV especially one beyond any warranty for battery replacement will be in my opinion quite a financial risk.


51 posted on 03/20/2023 7:45:57 AM PDT by The Great RJ
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To: Oldeconomybuyer
Ev's. The "green machines" that are powered by coal or natural gas. And a teeny tiny bit by nuclear.


52 posted on 03/20/2023 7:48:16 AM PDT by upchuck (When you never took the vaccine or boosters: Still alive and healthy with no chance of side effects.)
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To: SJackson

The worst thing about Better Place was that it only worked on a Renault.


53 posted on 03/20/2023 7:49:26 AM PDT by Fresh Wind (Trump: "I am Batman!")
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To: DaxtonBrown
It would take more than $5000, but I get your point. Could you imaging a Tesla with a blower sticking out of the hood?


54 posted on 03/20/2023 8:00:38 AM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: moovova

A Tesla funny car?


55 posted on 03/20/2023 8:08:43 AM PDT by Fresh Wind (Trump: "I am Batman!")
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To: 2banana

Insurance companies already are doing a ‘total’ when the air bags get deployed.

Apparently, reinstalling new ones is also VERY Expensive.

I always thought air bags should be an option.


56 posted on 03/20/2023 8:20:56 AM PDT by ridesthemiles
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To: chrisser

Wow. That was fun.


57 posted on 03/20/2023 8:21:22 AM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: Fresh Wind

“A Tesla funny car?”

...with a wheelie bar.


58 posted on 03/20/2023 8:26:26 AM PDT by moovova ("The NEXT election is the most important election of our lifetimes!“ LOL...)
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To: CodeToad

It is not liberal propaganda.

Describing observations of Tesla disruption is business.

GM, Ford and Chrysler are struggling while Tesla is not only thriving but growing. Tesla recently had a day long meeting for investors that can be considered propaganda but since it was actuality mostly reality, the messages regarding all the various aspects of Tesla innovation that is real and present, the legacy manufacturing competition sees doom.

I can’t see the future but believe it is Tesla and Toyota.


59 posted on 03/20/2023 8:31:47 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day )
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To: dangus
This is terribly misleading coverage. You can absolutely replace an EV battery pack. And Tesla does it frequently.

That is not very good advertising for Tesla. Joking aside, it makes sense that they wouldn't want unknown third parties making battery warranty repairs. If they have to replace a bad battery under warranty, they do it with a factory refurbished battery.

60 posted on 03/20/2023 10:03:23 AM PDT by EVO X ( )
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