Electric Vehicles are attaining immense adoration over the world. Also in India, the firms like Tata, Hyundai, and Mahindra are selling EVs in the market.
Among the reasons, the most important reason for the adoption of electric vehicles is because of their low running price when related to petrol or diesel engine cars.
As per the report, if you met with an accident and if the batteries undergo minor damage, you may have to just throw out your car.
No Way To Repair Your Electric Vehicle !!
Credi:google
According to Reuters, for a lot of Electric Vehicles, there is no any way to repair or avail of the battery pack after the accident as the maker does not provide battery data with insurers.
It is noteworthy that this applies to the Electric Vehicles that are made with a battery pack as a structural unit. For example, Tesla Model Y, BYD Atto 3, Kia EV6, and Hyundai Ioniq come with a battery pack as a structural unit.
Credit: Google
Also, the forthcoming Born Electric range by Mahindra has an identical design structure for batteries. This tearing policy has now become an issue for insurance givers in the United Kingdom.
They are forced to tear the Electric vehicle in these cases and refer to the car as a total loss. The reason for this is due to the battery as a part of an electric vehicle shows up to 50% of the car’s cost and changing the battery becomes a costly matter.
This clearly states that if you get small damage over your battery pack, you may have to tear the car.
The Best Way To Deal With The Problem
Credit:google
Also, many EV makers are not providing you the option to repair the battery pack which leads to things getting more difficult for the insurance offerers. This thing has resulted in insurance premiums for higher EVs.
Tesla, the biggest electric car maker in the world had not mentioned any issue with insurers writing off electric vehicles.
Although, in January, the chief executive officer, Elon Musk revealed premiums from third-party insurance firms “in some areas were absurdly high.”
Credit:google
In India, the best way to deal with this problem is by choosing Return To Invoice cover for the vehicle. This permits the owner to get compensation similar to the car’s invoice value.
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This purport is applicable when a car is either stolen or damaged after repair. Tesla has revealed that it is working on a new design for its EV to draw the repair cost as well as the insurance premiums.
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