Insurance Companies Realize What Is Happening with EVs – Things Could Soon Get Expensive. Oh my, yet another problem with electric vehicles. We can’t blame them for the extraordinary costs to repair them, or how easily they’re totaled out. Toss in a shortage of charging stations, a battery range that doesn’t live up to what is advertised, and we have to ask why is anyone going for this nonsense.
Market Watch added that coverage for EVs are “anywhere from 10 percent to 135 percent” higher than the national average depending on which EV you want to insure.
While there are fewer components at risk of breaking down in an EV, the parts that do require repair or replacement are much more expensive. This is especially true if an EV’s battery pack is damaged. ConsumerAffairs found that the average cost to replace an EV battery ranges from about $4,500 to nearly $18,000.
“EV owners also face a shortage of qualified repair shops and technicians,” Market Watch reported. “The specialized training required to repair electric vehicles means fewer available options and higher charges for customers when repair needs arise. All of these factors drive up insurance costs for EV drivers.”
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Boy oh boy all those who bought into the EV craze are finding out just what PT Barnum saying about a sucker being born every minute. So when they are all sitting beside the road or in driveways guess the leftards will get what they want, everyone walking as they all zoom by.
Meanwhile it turns out the manufacturers aren't making any money on the stupid things either:
Ford set to lose $4.5 billion on electric vehicles this year, despite increased revenue (msn.com)
Without government subsidies artificially lowering the prices, nobody would buy one, and even with subsidies the manufacturers can't make any money on them. Add those financial handicaps to the fire danger, the difficulty and high cost of repairs, and the lack of convenience, and you have pretty much the epitome of a liberal idea.
The linked article mentions everything except the fire threat from these idiotic things. I find that peculiar. No matter how many fires you read about, that cannot be extinguished because the cascading failure of battery cells keeps them burning, the national media seems to ignore the whole problem. And yet in local news you constantly read about EVs that caught fire and took five, seven, or even more days to extinguish. Fire departments drag them into an open space and understand they will have to return daily to re-extinguish the fire after the car starts burning again. That HAS to affect insurance rates, right? And how long before insurance companies start putting riders on their policies stating that homeowners are not allowed to park the stupid things in attached garages? Or how long before municipalities make the same rule? if I lived in a duplex or condominium situation where a neighbor was parking an EV in his attached garage, I would be pitching a fit and demanding legislation from the local municipality, because THAT car in HIS garage is a threat to my life.