Posted on 10/21/2023 10:49:14 AM PDT by RomanSoldier19
lectric cars risk becoming effectively uninsurable as analysts struggle to put a price on battery repairs, the researcher for the car insurance industry has said.
Jonathan Hewett, chief executive of Thatcham Research, the motor insurers’ automotive research centre, said a lack of “insight and understanding” about the cost of repairing damaged electric car batteries was pushing up premiums and resulting in some providers declining to provide cover altogether.
(Excerpt) Read more at msn.com ...
Living in California is worse. House insurance policies are being cancelled everywhere and it’s hard to find a new insurer. Now you can’t insure your EV.
What a great situation.
You can see the Biden Solution coming right up — government insurance.
No problem. The feds will step in and force insurance companies to cover EVs. That will raise premiums on everyone but they don’t care.
Right.
And “uninsured motorist” fee on state insurance requirements will go up on all policies to have us pay for the electric vehicle accident costs.
sure! so Jobama is trying to foist unproven teechnology on Americans, just like Obama did with healthcare!
the unproven technology is thre stamina of the EV car bxattery. sure they could make it. sure it moves the car.
the EV battery, then installed, must endure all the environments thrown at it, and this is where they fail.
where are we to warehouse all the old ones?
Home insurance is so high in Florida I’m thinking of going the self insured route. It would be scary for the first few years...
Easy solution...in an accident with an EV vehicle, the person without the insurance is given a week to prove they have insurance or face execution.
Cause and effect. In the long run if EVs are mandated, so will insurance coverage be mandated. After this point NO ICE cars will be insured. The insurance companies will refuse to insure ICE cars even if they are still being used.
EV batteries should have been designed so individual small modules could be replaced at reasonable cost as they fail, rather than the entire battery all at once.
“Home insurance is so high in Florida I’m thinking of going the self insured route. It would be scary for the first few years...”
Look into Bonds... Many states now allow this as “proof of financial liability” on autos. Could be an option to replace home insurance also depending on the financial institution if it is not paid for.
That’s not a bug, that’s a feature.
Making personal transportation unaffordable for the masses.
𝘕𝘰 𝘱𝘳𝘰𝘣𝘭𝘦𝘮. 𝘛𝘩𝘦 𝘧𝘦𝘥𝘴 𝘸𝘪𝘭𝘭 𝘴𝘵𝘦𝘱 𝘪𝘯 𝘢𝘯𝘥 𝘧𝘰𝘳𝘤𝘦 𝘪𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘵𝘰 𝘤𝘰𝘷𝘦𝘳 𝘌𝘝𝘴. 𝘛𝘩𝘢𝘵 𝘸𝘪𝘭𝘭 𝘳𝘢𝘪𝘴𝘦 𝘱𝘳𝘦𝘮𝘪𝘶𝘮𝘴 𝘰𝘯 𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 𝘣𝘶𝘵 𝘵𝘩𝘦𝘺 𝘥𝘰𝘯’𝘵 𝘤𝘢𝘳𝘦.
After which the democrats will use high insurance premiums as something they can rile up their ignorant base with. Republicans can also promise their trusting, naive base that in exchange for a vote they’ll do something about the premiums as well, then later when elected they’ll do nothing.
Just another minor infrastructure problem; good thing California will get all this stuff worked out by 2034, just in time for their government-mandated all EV world.
The design was likely necessary in order to cool the battery packs. The liquid filled cooling strips are interwoven between the batteries. I've seen some videos that battery designers are trying to make them more modular with a different cooling method.
The feds have no authority to dictate insurance rates in the individual states. They have no power to regulate insurance for liability or property damage, this is one of the powers reserved to the states under the Tenth Amendment.
State legislatures should be fighting any such attempt tooth and claw, giving no quarter whatsoever.
I am sure the Biden Dept of Trans(whatevers) will simply order the insurance companies to cover the EVs. See, problem solved
Yes, seen that also. Evidently the discipline of FMEA has become obsolete as this would/should have been a show stopper.
Great. Another tax because of retarded consumers.
The premiums on our auto policies in Texas went through the roof this year as insurance companies deal with the fact that a sizable portion of Texans drive without insurance. So, the rest of us deal with exploding costs for uninsured motorists.
What pisses me off is you can't pass a yearly state inspection in Texas without proof of insurance. So, either those individuals are forging proof of insurance, getting auto insurance for a short window of time required for the inspection before requesting a refund, or they aren't having their vehicles inspected.
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