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| Economy |
| Scratched EV battery? Your insurer may have to junk the whole car |
| 2023-03-21 |
| LONDON/DETROIT, March 20 (Reuters) - For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles - leading to higher premiums and undercutting gains from going electric. And now those battery packs are piling up in scrapyards in some countries, a previously unreported and expensive gap in what was supposed to be a "circular economy." "We're buying electric cars for sustainability reasons," said Matthew Avery, research director at automotive risk intelligence company Thatcham Research. "But an EV isn't very sustainable if you've got to throw the battery away after a minor collision." |
| Posted by:Besoeker |
| #4 the wait list... Or talk to the local chop shop about where you park your car leaving the keys and a case of beer. |
| Posted by: Skidmark 2023-03-21 11:50 |
| #3 the wait list to get into any collision repair center here in Florida is unreal. ...suggesting an employment opportunity for those with skills and interest in part- or full-time work. |
| Posted by: trailing wife 2023-03-21 11:33 |
| #2 Insurers have lowered the bar for "totalling" ICE powered cars too. Not this low, but still much lower than it used to be. That said, the wait list to get into any collision repair center here in Florida is unreal. |
| Posted by: M. Murcek 2023-03-21 08:24 |
| #1 A hit piece on Tesla. |
| Posted by: Too Old To Work 2023-03-21 08:20 |