Quote:
Originally Posted by Martinjlm
Actually this is likely to be a big problem, at least for a little while. Insurance companies are quick to total an EV that’s been involved in an accident. Even if it has damage similar to damage that would be repaired on an ICE vehicle. That drives up the price of insuring EVs. The assumption seems to be that repairing the EV, even if there is no damage to the battery, costs more than just totaling it.
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As bad as it was/is with ICE vehicles, this seems considerably worse. Is there no system or plan to repair EVs at all? Are insurance companies flying blind an unaware of repair costs, or that EVs are unrepairable?
Damage to a battery is one thing that is new territory, but other damage seems to indicate that EV designs are unrepairable at all and to a far greater degree than ICE vehicles. Perhaps being totaled is due to no mechanism in place with parts and know-how to effectively repair even existing.
P.S. Curious as to the total loss value. Any depreciation, or any Blue Book? Probably not much resale history to go by to aid in determining total loss value.