Loading ...Not ESG-Friendly: Insurers Junk Entire EVs For Minor Accidents
It’s a surprise that Reuters has published an article revealing that the electric vehicle revolution might not be as environmentally friendly as automakers claim. Furthermore, a scratched or slightly damaged battery pack could lead insurance companies to scrap the entire car.
“We’re buying electric cars for sustainability reasons,” Matthew Avery, research director at automotive risk intelligence company Thatcham Research, said.
Avery pointed out, “an EV isn’t very sustainable if you’ve got to throw the battery away after a minor collision.”
A Tesla battery pack costs tens of thousands of dollars and represents a large percentage of the vehicle’s price tag. Insurance companies have found that it’s uneconomical to replace battery packs if damaged.
https://www.zerohedge.com/technology/not-esg-friendly-insurers-junk-entire-evs-minor-accidents