Why Electric Vehicles Are Hitting the Junkyard Faster Than Gas Cars
Download MP3In this episode, we dive into the rising concerns surrounding electric vehicle (EV) insurance claims and why EVs are often deemed a total loss after seemingly minor damages. Key points covered include:
- Challenges in EV Repairs:
- Electric vehicles are being totaled due to minor collisions or damages that affect the sensitive battery pack.
- Even impacts that don't directly strike the battery can cause internal damage due to jostling.
- Comparisons to electronics: Just like dropping a cell phone or computer can harm internal components, EV batteries are vulnerable to similar types of damage.
- Key Differences Between EVs and Gasoline Vehicles:
- Traditional gasoline engines are compact and located under the hood, making them less likely to sustain damage in minor collisions.
- EV batteries, on the other hand, are flat and extend beneath the entire vehicle, increasing their exposure to side and undercarriage impacts.
- Insurance Implications for EVs:
- EV batteries are costly, often accounting for up to half the value of the vehicle, with replacement costs ranging from $20,000 to $30,000 or more.
- For insurers, it’s often more economical to total the vehicle than to replace the battery.
- Manufacturer Restrictions:
- Some automakers restrict access to battery repair information, citing proprietary technology, which further complicates repairs and raises costs.
- Environmental Concerns:
- Disposing of EVs prematurely negates the environmental benefits they are supposed to offer.
- EVs need to stay on the road for 10–15 years to offset the environmental impact of their production.
- Unexpected Risks:
- Vibrations, bumps, or curbs can potentially damage EV batteries internally, even if the vehicle shows no visible external damage.
This episode unpacks the complexities of EV design, repair challenges, and the implications for insurance, manufacturers, and the environment. Tune in to understand how these factors shape the future of EV ownership and sustainability.
