Electric 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.
The risk of getting this wrong risks a fire, which is not only dangerous, but could be very very expensive if the car is in a car park with 1600 cars (Luton airport fire recently).
An electric car has to do over 77000 miles before its greener than a diesel or petrol car. Is this really going to happen, on average?
More information here: Electric cars risk becoming uninsurable (msn.com)