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The EV Baby and Its Bathwater Gone

(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
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Scratched EV battery? Your insurer may have to junk the whole car

LONDON/DETROIT โ€“ 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 โ€“ 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...
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INSIGHT-Scratched EV battery? Your insurer may have to junk the whole car

But in January CEO Elon Musk said premiums from third-party insurance companies "in some cases were unreasonably high." Unless Tesla and other carmakers produce more easily repairable battery packs and provide third-party access to battery cell data, already-high insurance premiums will keep rising as EV sales grow and more low-mileage cars get scrapped after collisions, insurers and industry experts said.
United States United Kingdom West Berkshire Michael Hill Andy Keane Peter Gruber

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