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 ...
Time for a posse to get to the truth and bring them to justice.
“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.”
Hear! hear!
Force the manufacturers to insure them, outside of government subsidies.
That would be really scary, for sure. If you have a mortgage, the bank requires insurance.
Our daughter in CA just had her policy cancelled. Many companies are no longer writing CA policies. All because of poor forest management pushed on the state by the envirokooks.
In one of the videos I watched a British battery researcher said battery technology is in the wild wild west stage..
Oversized electric golf cart fanbois will not be pleased.
No need for government subsidies. However it is handled the fascists make companies pay for it who then raise prices to cover their costs. We end paying for it somehow.
“”The feds have no authority to....””
When has that ever stopped them?
Also, the damage done to the battery when fast charging is not talked about much. It reduces the total life of the battery, and probably other damages. Most EV buyers already have 1-2 autos. Some have labeled EVs toys for the well-off. One of the problems is that we are all paying for someone who already has $$$ to buy an EV. The subsidies and tax credits, State and Federal, are the taxpayers’ $$$. Rush often mentions that if you go next door, or down the block, and ask the neighbors to pay for your health care, they will probably decline. But the Leviathan can pick the pockets of everyone to fund their insanity.
That and non-permanent (i.e. welded) connections between modules would have lower reliability, higher resistance, more fire danger, weigh more, and take more space..
I can’t afford these high gas prices. I’m going to have to buy a $60,000 EV!
I must be in the lowest insurance area of the USA. House value: $630k, annual insurance cost, $1,319.
Some years back lots of insurance companies left Florida too... and the State came up with their own insurance for people who couldn’t get insurance. It’s called CITIZENS. Maybe California will do something like that and your daughter will still be covered - it’ll cost more - but it’ll be a safer bet than California waking up and realizing they need to manage their forest as if people mattered as much a some liberal’s concept of what a free form forest should look like...
I don’t have mortgages on my homes... My plan is to buy liability insurance cheap and bank what I pay for insurance. Every year I consider it - every year I think ‘what if this is the year a hurricane hits’ and put the decision off for another year. I should have done this twenty years ago.
I am curious if any FREEPERS with EV’s are noticing any insurance rate hikes.
Don’t let the curmudgeons around here discourage you from speaking up.
I posted about this on Facebook months ago. In addition to the problem with damage to the vehicles, I predict that liability rates will be affected because of the high speeds EVs are capable of in just a few seconds. They will take some time for drivers to accommodate to the speeds that a light tap on the accelerator will cause.
How do you self-insure?
They should sell them and buy an ICE vehicle. I'm not against EVs but it would be a long transition. I would call it "EV 2050". We have to build nuclear power plants. Establish tesla supercharger stations. But we are not really doing any of that. So the middle class will be priced out and we will have to use public transportation or uber to get around. Which is what the elites in DC want.
Drive through more than an inch of water and the batteries get flooded. That’s a $20,000 to $30,000 repair not covered under warranty. You hit a pothole and two new tires and rims will cost $2,500. This is the same pothole you hit everyday without problem in your previous car.
You are so blessed... My flood insurance runs a little over $2,000 a year on the home I live in and my agent said that’s grandfathered in and to keep that policy. My other home insurance is higher than that... I’m so jealous of you...
Deep State likes the sound of that.
EV policy isn’t about saving the planet any more than CoupFlu policy is about protecting public health.
It’s all about annihilating the middle class.
By any and all means available.
And not just here.
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