An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville/File Photo
Insurers have complained that many EVs have no way to repair or assess even slightly damaged battery packs after accidents, forcing them to write off cars with low mileage - leading to higher premiums and undercutting gains fromBatteries can make up half of an EV's cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical.
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