See Sabrina Rivet’s report in the video linked to the article.
“The biggest increases usually will be around 25% of the previous year’s bonus. For high-value electric vehicles, we break the bank,” notes the president of the Louis Cyr insurance firm, Louis Cyr.
Several reasons can explain this increase, according to the latter.
First, the electric car industry has faced supply issues, particularly during the pandemic. This may impact the replacement of auto parts.
The aspect of autonomous driving is also to be considered. “Autonomous driving cannot be done without having installed around the edges of the vehicle all kinds of electronic device elements which are excessively expensive to replace,” explains Louis Cyr.
Finally, manufacturers encourage caution when it comes to electric vehicle batteries. “When the battery suffers an impact, we unfortunately have guidelines saying that after a certain mileage, even if the battery seems intact, we must remove it from the vehicle and declare it a total loss,” explains the president of the insurance firm Louis Cyr.
A new battery must then be provided, the cost of which the insurers will have to cover. This can represent an amount between a third and half of the value of an electric car, according to Mr. Cyr.
For the full report, watch the video linked to the article.
2023-10-23 20:09:10
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