Insurance Companies Have Decided to Write Off Tesla EVs

People have always had the right to get their self-owned vehicles repaired, under the Right to Repair law. Although the law states that no insurance company can deny their services to a vehicle owner, are people really willing to spend a load of money on getting a fault fixed? Well, other people might but for Tesla owners, things might not be the same anymore. With the rise in the repair cost of Tesla electric vehicles, the repair charges have hit the roof, which is why people have started claiming heavy insurance covers too. But are insurance companies ready to pay all that money? Well, let’s find out.

The Repair Costs

According to a news report from Reuters, the cost of fixing the majority of 120 Model Y vehicles is almost the same as buying a new one. In the report, they explained the situation with an instance that might blow your mind. The repair charges of a Model Y Long Range EV, when faced with a front collision, were more than $50,000. Wondering how much a new one costs? $61,000! That’s right. This is why insurance companies have decided to write off such electric vehicles.

What Are Insurance Companies Offering?

In order to make sure that the companies fix the problem for the owner, Tesla’s insurance side business is working together with the automaker so that they can reduce repair costs in the future. In fact, during an earnings call, Elon Musk, the CEO of Tesla, told Reuters that before now, they were not really aware of the situation as most of the costs were covered by other insurance companies. However, when brought to notice, they were as shocked as the EV owner himself after looking at the figures. Now, the company is working with its team to change its vehicle designs and even offer spare parts in order to make the repair costs a little less.

Busting The Myth That Electric Vehicles Raise Carbon Emission Levels

Many organizations question if electric vehicles are really “greener” than their fossil fuel counterparts. Their fear is that electric cars actually increase the levels of carbon emission. This myth, however, is incorrect and truly damaging as it misleads people.

New and extensive research by the universities of Cambridge, Exeter, and Nijmegen – in The Netherlands, shows that in 95% of the world, driving an electric vehicle is better for the environment and climate.

electrical vehicle charge
Busting The Myth That Electric Vehicles Raise Carbon Emission Levels

Significant Drop in Lifetime Emissions

The conducting experiments prove that average “lifetime” carbon emission levels from electrical cars are up to 70% lower than petrol vehicles in countries such as France and Sweden where most of the electricity is generated through nuclear and renewable sources.

The studies project that by 2050 every second car in the world would be electric. This will reduce CO2 emissions by up to 1.5 gigatonnes per year. This is equivalent to the number of carbon emissions generated currently by Russia alone!

carbon emissions
Busting The Myth That Electric Vehicles Raise Carbon Emission Levels

Electric Cars Won’t Solve the Carbon Emission Problem

Replacing every second fossil-fuel vehicle with an electrical car won’t solve all transportation-related environmental problems.

To attain the desired objective, society and automative manufacturers must overcome several hurdles, such as:

  • Shifting the global car fleet to electric by 2050.
  • Finding ways that won’t put a huge strain on facilities used for the generation and supply of clean energy.
  • Reducing pollution caused by the tire abrasion while braking.

Researchers believe that a major social change would be necessary to effectively impact the current levels of carbon emission.

zero emission
Busting The Myth That Electric Vehicles Raise Carbon Emission Levels

While electrification is necessary, it won’t be enough. To meet the set climate goals, travel demand reductions of at least 20% are required. Also, people must shift away from the car and use other means of transportation when possible.

Reducing CO2 emissions isn’t a climate inconvenience but an emergency that must be taken seriously and dealt with immediately.