Scratched EV Batteries Could Force Insurers to Write Cars Off: What You Need to Know
As electric vehicles have become more popular in recent years due to their eco-friendliness and cost-effective operation, the potential risks and challenges facing EV owners and insurers are also emerging, specifically when it comes to battery damage caused by accidents.
According to a recent report by CTV News, many electric vehicles have no way of repairing or assessing even minor battery pack damage post-accident, which forces insurance companies to write off cars with few miles, leading to higher premiums for owners, and undercutting the gains from going electric.
With a growing number of electric vehicles on the road, the issue of battery pack scratching is increasingly becoming a pressing concern for drivers and insurers alike. Here's what you need to know about scratched EV batteries and their impact on the auto insurance industry.
Scratched EV Batteries Explained
When an electric vehicle is involved in an accident, the high-powered batteries that power the vehicle can become damaged in the process. Scratches to the battery cells themselves or damage to the connectors that bond cells together can result in a reduced capacity to store and supply energy, which can quickly render the car undrivable.
However, the problem is not just the immediate impact on the car's performance. Potentially dangerous situations could also arise when a car with a damaged battery pack is inadvertently "repaired" with no attention to the battery by technicians who may not be adequately trained in dealing with EV batteries.
Why Scratched EV Batteries are a Problem for Insurers
One of the most significant issues insurers face when it comes to scratched EV batteries is the inability to accurately assess and repair the damage, which ultimately has the potential to increase premiums for electric car owners.
In comparison to gasoline or diesel-powered vehicles, electric car batteries have more complicated battery management systems and require specific training and equipment to ensure they are repaired and maintained correctly. However, with so few technicians well-versed in dealing with EV batteries, writing off a car with a damaged battery can become the only option for insurers.
Due to the high cost of replacing the battery – which can amount up to $30,000 or more – insurance companies are simply unable to repair the battery and instead decide to pay out the car's worth in cash or settlements to car owners.
What Can Electric Car Owners Do?
As the popularity of EVs continues to rise, it is essential for owners to ensure that they have the right insurance coverage in place to protect their vehicles in the event of an accident involving the battery.
Apart from insurance, owners may also want to consider other factors when purchasing their next electric vehicle, including the manufacturer and their warranty, as well as battery repair and replacement costs in case an accident occurs.
One recommendation would be for electric car manufacturers to make battery repairs more accessible by offering more options for repairs and using modular battery designs that can reduce costs and minimize the total impact of battery scratches and damages.
Ultimately, there is a growing need for better insurance options for electric vehicles that cover scratched battery packs, as well as EV battery specialists who can help repair damages and prevent exorbitant replacement costs.
That said, as an established and reputable mobile battery manufacturer, Huizhou Kara Manda Electronic Co. can provide reliable and high-quality batteries that have passed various international certifications. We specialize in mobile batteries and accessories, including those for Apple and other cell phone brands. To learn more about our products and services, please contact us today.