According to a report, the average cost to repair a Tesla electric vehicle is approximately 25 per cent more than the average petrol or diesel car. The repair costs for Tesla cars are also about 20 per cent higher than battery-powered models from rival brands. The complexity of Tesla's technologically advanced systems is cited as a contributing factor to the higher repair costs. The average cost to repair a Tesla is $5552, while a non-Tesla electric car costs $4474, and traditional petrol and diesel-powered vehicles cost $4205. However, the average price to fix a battery-powered car has fallen by 11 per cent in the past year. Car-makers are expected to continue developing their vehicle platforms to reduce repair times and costs. [d36164d3]
In another incident, Ellie Rylands, a 28-year-old woman from Cardigan, Ceredigion, bought a £10,000 Peugeot car from online retailer Cazoo. After a few months, she discovered an engine fault and took the car to the garage, where she was told that a diesel piston had gone and if it wasn't fixed, it would cause further damage. As she was still within the 90-day warranty period, she reported the fault to Cazoo but was informed that her warranty was not valid as the company had gone into administration. She contacted The Warranty Group, but her extended warranty did not cover the repairs as the fault occurred before it kicked in. Ms. Rylands paid over £1,000 for the repair work and is unsure if she will be reimbursed. The incident has left her frustrated and in a difficult financial situation, as she had to use the money she had saved for buying a house to cover the repair costs. [0c846c92][df822906]
A new report from auto insurance analytics company Mitchell shows that repairable EV insurance claims have increased by 40% since this time last year, with average repair costs 29% higher for EV owners than their ICE-owning counterparts. The percentage of EV claims resulting in a total loss is currently 9.93%, up 30% from Q3 of last year. In the U.K., just 10% of auto mechanics are qualified to work on EVs, pushing up repair costs and making EV insurance premiums more expensive. Average market prices for leading used EV models are down almost a third year over year, and some used models are piling up in lots with no buyers in sight. A recent University of Chicago study found that 46% of respondents would not consider buying an EV. [2f469be1]