Way back in the mid-1980s, communist Yugoslavia exported the Yugo, a compact car that sold for around $4,000.
Fast forward to today, and a new class of cars has a similar problem.
As Reuters reported recently, "For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents," which means the only viable option is to replace the battery, which represents about half the cost of the car.
One expert told Reuters that Tesla's Model Y has "Zero repairability" because its battery is built into the structure of the car.
Insuring an electric car is already 27% more expensive, on average, than a gasoline-powered one.
You can bet that the environmentalists pushing electric cars will soon start complaining that insurance companies are "Discriminating" against EVs and demanding that they spread those costs around more widely - forcing owners of conventional cars to subsidize EVs.
Car companies are pouring money into electric cars only because the government is holding a gun to their heads, saying build EVs or die.
https://issuesinsights.com/2023/03/28/evs-are-the-yugo-of-the-21st-century/
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