88V8 wrote:Howard wrote:A major part of the cost of insuring cars is the cost of repairs and this is a major problem for Tesla because of the complexity of their cars.
The insurance on one of my ICE cars has gone up a third this month 'due to the increased cost of repairs'.
I wonder if I am subsidising the increased cost of repairing Tesla and other EVs.... no doubt there are stats somewhere.
A cursory search gives this
inter alia
..." many BEVs are often deemed irreparable, leading to premature write-offs because of high battery cost and the lack of value the UK ecosystem can recover from them.”
Currently, the cost of a replacement HV battery is causing a significant increase in the risk of ‘total loss’ or write-offs.
... BEV incident claims are currently 25.5% more expensive than their ICE equivalents and can take 14% longer to repair, suggests Thatcham.
So not only the increased cost of repair, but the hire cars, as previously discussed.
V8
My house insurance has gone up over 15% this year & loads of other things are well ahead of last years price.
It looks to me like everybody selling has realized that folk are prepared to pay more & are sellers are sending prices up until they eventually feel some resistance to higher prices.
Politicians may like to say how wicked inflation is, but they are happy to see the huge debts they have created being eaten away with inflation. As of now interest rates are having no effect as those who have to pay them are able to raise prices to cover their higher repayments. At some point folk stop buying & price rises stop, but we seem some ways from that point.
Regards,