A lack of standards for repair and replacement of EV battery packs may lead to higher insurance premiums, according to a recent Reuters report (via Automotive News). Battery packs can represent up to 50% of an EV's price tag, often making it uneconomical to replace them, according to the report. And while there is no standard procedure for... Report: EV battery repair hurdles may inflate insurance premiums
A lack of standards for repair and replacement of EV battery packs may lead to higher insurance premiums, according to a recent Reuters report (via Automotive News). Battery packs can represent up to 50% of an EV's price tag, often making it uneconomical to replace them, according to the report. And while there is no standard procedure for...