A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday.
The British automotive risk intelligence company cited a “concerning lack of affordable or available repair solutions and post-accident diagnostics” in a report entitled “Impact of BEV Adoption on the Repair and Insurance Sectors” the UK Government’s innovation agency Innovate UK funded to examine differences between EVs and fossil-fuel models.
Adrian Watson, Thatcham’s head of engineering research, said in an ideal world insurers could make informed decisions about whether to repair EVs or write it off based on access to data on its state of health after an accident.
“The reality is that’s not the situation we’re in at the moment,” he told Reuters. “The diagnostics we have do not enable you to really know what the status of the battery is.”
Only around 1.65% of cars on Britain’s roads are electric, but Thatcham said EV-related insurance claims are already 25.5% more expensive than for fossil-fuel equivalents and take 14% longer to repair.
Due to their potential fire risk, damaged EVs awaiting repair must be stored outside at least 15 metres (49 ft) from other objects.
