Wednesday, 11 October 2023

One of the main EV issues possibly overlooked …

… by quite a few people … but not by insurance companies. First though, screenshots of snippets from the net:





All that is so … or at least has a strong case for it … my mate today was asking … he wondered if insurance companies fully understood the implications of the carpark fire.

Because if, say, an EV caught on fire and others did too … all those cars are insured, right? For a start, there’s the cost of the vehicle, damage to goods inside, the infrastructureof the carpark itself, the distress caused let alone all the Woke isms breached.

The insurers of the first vehicle to catch on fire is liable for compensation claims from all the other vehicles which went up in flames or fell to the crumbling floors below … in short, there’s a massive class action suit in the offing.

How is this concern going to affect:

# premiums
# the willingness of companies to further insure?

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