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Electric cars risk becoming uninsurable
Telegraph ^ | 10/20/23 | Mattie Brignal

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 ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: automotive; electric; electriccar; electriccars; ev; evs; insurance; scam; uninsurable
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To: MortMan

fire pits are toxic air pollutants.
see military fire pit/ va.


81 posted on 10/22/2023 6:36:30 AM PDT by Terry L Smith
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To: GOPJ

The problem with that route is your mortgage holder if you have one. I can see PMI going up for homeowners with electric vehicles and/or in areas where weather can be a problem.


82 posted on 10/22/2023 6:44:05 AM PDT by Gaffer
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To: Mouton

Rifle is cool, and the Rifle Falls are a wonder. Spectacular scenery, this part of the state is like being back in time. I love living with Ranchers and farmers and buying my produce with the dirt still on it. The Maybell horse drive is an annual great event, the buffalo roundup is really something to see. There’s the Lavendar Festival, the Bee festival, Peach festival, Wine festival and on and on. Out here the real animals are dangerous instead of the human animals in urban areas. And if you look stuck on the side of the road, someone will stop pretty quick and ask if you are OK.


83 posted on 10/22/2023 7:38:37 AM PDT by SaxxonWoods (“99% of failure comes from people who make excuses.” -George Washington)
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To: GOPJ

“Liability insurance is really cheap.” They call those policies “balloons”. I have $2mm in coverage for $42.33 a month. One million is about $33 a month, IIRC. And you don’t have to be worth a million to get sued for $2mm.


84 posted on 10/22/2023 7:42:01 AM PDT by SaxxonWoods (“99% of failure comes from people who make excuses.” -George Washington)
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To: Elsie
One of the reasons lithium based batteries are typically not recycled by operations similar to the picture that you have provided is that they have a nasty habit of catching on fire or even exploding when mishandled. Lithium reacts violently with MOISTURE, WATER or STEAM - producing heat along with flammable Hydrogen gas and toxic Lithium Hydroxide. They do not have to be crushed to explode.


85 posted on 10/22/2023 8:02:45 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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To: ProtectOurFreedom

Man! The blush sure came off that rose in a hurry.


86 posted on 10/22/2023 8:43:53 AM PDT by JJBookman (Democrats = Party of puffed batteries )
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To: SaxxonWoods; Keyhopper
“Liability insurance is really cheap.” They call those policies “balloons”. I have $2mm in coverage for $42.33 a month. One million is about $33 a month, IIRC. And you don’t have to be worth a million to get sued for $2mm.

You're right about liability insurance... thanks for the numbers - keyhopper will like that. Also, you live in Paradise. Sounds like you've got things together Saxxon.

87 posted on 10/22/2023 8:51:15 AM PDT by GOPJ (The reason Biden won't protect our border is he wants cash kickbacks for doing it. )
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To: bigbob
"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."

The short Mercedes AA Class video explains how Mercedes does just that. It's worth watching.

Introducing the Mercedes AA Class


88 posted on 10/22/2023 8:54:18 AM PDT by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: GOPJ

Thanks. I’ve moved in retirement because a place that was great became not-so-great (too close to Denver). I think this current location will work for the duration since the duration is much shorter now.


89 posted on 10/22/2023 9:00:50 AM PDT by SaxxonWoods (“99% of failure comes from people who make excuses.” -George Washington)
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To: Gaffer
I can see PMI going up for homeowners with electric vehicles and/or in areas where weather can be a problem.

Salt water can start EV batteries on fire... imagine living in Florida and dealing with storm surge. You take your gas car to evacuate and minor flooding causes your home to burn down from the EV fire in the garage.

That said, I don't have a mortgage - but still every year I consider and then put off taking the risk of self insuring. Younger people with years to 'make up for the loss' are more likely to try it. Unfortunately much higher insurance rates are going to push lots of us into taking the risk... if we want to or not.

One more reason to hate Biden and his goons (or just to vote against them) - the flippant way they allowed massive inflation... and the damn illegals that will cost us a fortune to educate, provide health care for etc etc etc. Yeah, Biden's choices help white liberal elties steal more of the country's life - but they sure hurt the rest of us.

90 posted on 10/22/2023 9:07:06 AM PDT by GOPJ (The reason Biden won't protect our border is he wants cash kickbacks for doing it. )
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To: SaxxonWoods

Take care of your health - we need your voice here.


91 posted on 10/22/2023 9:58:14 AM PDT by GOPJ (The reason Biden won't protect our border is he wants cash kickbacks for doing it. )
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To: SaxxonWoods

All the reasons I like the place except the power company.


92 posted on 10/22/2023 9:59:28 AM PDT by Mouton (US Home to one party rule)
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To: Sequoyah101

RE: Here they get insurance long enough to tag the car
Been wondering when the EVs would not be insurable.


When that practice was first popular I couldn’t figure out why billboards and signs on the types of insurance offices next to nail salons and check cashing places said “Auto Insurance Deals on Two Week Plans.” Just enough satisfy the state.

As to EVs, I wonder if there is a coverup. We’ll find out later if a lot of EVs were burned up and we didn’t know.

When the early Ford rollover accidents were found to be from a design problem along with Firestone tire tread separation problems there were multiple lawsuits involved. One amazing document in court was a letter from an office filing cabinet at Ford saying “Don’t let anybody know we found out this is our fault. Keep the results away from the public.”

They made a big push saying dozens of times in letters to accident victims “No one but you has had a complaint about this problem. While we are sorry about the accident it was caused by driver error, not a flaw in our vehicle.”

They were sued big time.

One summary:

More than 200 deaths and 700 injuries in the United States were blamed on Ford Explorers rolling over after the tread separated on Firestone tires.

In 1978, Firestone recalled 14.5 million tires—the largest tire recall in history— because the excess application of the adhesive that binds the rubber and steel had caused 500 tread separations and blowouts. Firestone paid a $500,000 fine for concealing safety problems.


93 posted on 10/22/2023 10:39:58 AM PDT by frank ballenger (“My job is to inform, not to convince.” St. Bernadette Soubirous )
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To: Keyhopper

Well, this all depends on your own personal financial situation.

If the worst happened, can you afford to rebuild or just buy another house from your own savings?

If so, then you can “self insure” so to speak. For people without substantial outside assets, who would depend on insurance to rebuild a house, going without insurance is risky.


94 posted on 10/22/2023 10:54:20 AM PDT by Dilbert San Diego (.)
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To: GOPJ

I thank you, with humility.


95 posted on 10/22/2023 12:17:30 PM PDT by SaxxonWoods (“99% of failure comes from people who make excuses.” -George Washington)
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To: Gaffer

Yes, though PMI goes away once your loan to value ratio falls below 80%. Simon Lagree your mortgagee will often ignore that, in which case you make a written request.


96 posted on 10/22/2023 12:22:28 PM PDT by SaxxonWoods (“99% of failure comes from people who make excuses.” -George Washington)
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To: All

This article discusses the pros and cons of different EV battery chemistry. LFP batteries are less prone to thermal runaway, but don’t have the energy density of LI batteries

https://www.recurrentauto.com/research/lfp-battery-in-your-next-ev-tesla-and-others-say-yes


97 posted on 10/22/2023 12:32:48 PM PDT by EVO X ( )
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To: Mouton

“All the reasons I like the place except the power company.”

Is it good old XCEL?! Hah, yeah a minor annoyance, but they can get under your skin. I have a friend who served on a PUC commission once. Most of his take on the exercise was unprintable if you get my drift. There’s a little co-op (GVA) on the Grand Mesa where I have some recreational/bugout land with electric service and they are good to deal with and reasonable.


98 posted on 10/22/2023 12:36:04 PM PDT by SaxxonWoods (“99% of failure comes from people who make excuses.” -George Washington)
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To: frank ballenger

I read claims that Ford got off easy. Videos of Explorer behavior after blowouts are scary to watch. Some engineers claimed they shouldn’t have become so uncontrollable from a blowout. I had total blowout at highway speed in a ‘69 Chevy C10 and it was nothing, I just pulled over to the shoulder. Heck of bang though.


99 posted on 10/22/2023 12:41:38 PM PDT by SaxxonWoods (“99% of failure comes from people who make excuses.” -George Washington)
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To: SaxxonWoods

Yup. I think they have a plant in rifle.


100 posted on 10/22/2023 1:17:07 PM PDT by Mouton (US Home to one party rule)
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