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Will Insurance Costs Derail The EV Revolution?

Interesting article about insurance and Electric Vehicles. It's not only the EV's completely burning down to the ground in a chemical battery fire, but minor accidents can also total your already expensive EV. They are much more susceptible to damage. Higher insurance costs besides investing in home charging equipment and upgrading electrical boxes on top of the already more expensive EV's may backfire on sales.

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https://www.zerohedge.com/political/will-insurance-costs-derail-ev-revolution

Darryl 🇳🇿 2y ago

nostr:npub1azknckv754uk29p35ydkes8gqv443ea8470jkqpauf2n6wl5kefq7wlv23 That is a problem with the overly complex design of the vehicles. Too many gadgets and sensors. Too many clusters of complex electrical stuff.

The designs could be more simple, but when you are buying a new vehicle one or two standard deviations over the mean price, you will want a nice car for that price. That will resolve.

People in 230V countries, largely don't need any special home wiring upgrade to charge an EV. Except people with long commutes, or taxi drivers.

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02c67180... 2y ago

nostr:npub10agh7hm20ydq9t9xgyfexhhvfzyvg2gl9ujypfr4tkj2uytmpvlqtrtdly

It's like the article explains, like those batteries are easily damaged also and often total the car right away. Fire departments have to keep them a week under water in large containers until the chemical fires finally stop. That doesn't help any repairing those either.