{"id":281425,"date":"2023-10-01T20:05:33","date_gmt":"2023-10-01T18:05:33","guid":{"rendered":"https:\/\/climatescience.press\/?p=281425"},"modified":"2023-10-01T20:05:35","modified_gmt":"2023-10-01T18:05:35","slug":"john-lewis-stops-insuring-electric-cars-over-repair-cost-fears","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=281425","title":{"rendered":"John Lewis stops insuring electric cars over repair cost\u00a0fears"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

h\/t Paul Kolk<\/p>\n\n\n\n

And in yet more bad news for the EV rollout<\/strong>:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

John Lewis<\/em><\/a> has stopped offering insurance to electric car drivers amid fears over the cost of repairs.<\/em><\/p>\n\n\n\n

The department store\u2019s lending business John Lewis Financial Services has put a temporary pause on customers taking out cover or renewing existing policies on battery-power vehicles while its underwriter, Cov\u00e9a, analyses risks and costs.<\/em><\/p>\n\n\n\n

Insurers are facing rising costs for vehicle repairs, which are eating into profits. According to the Association of British Insurers (ABI), vehicle repair costs rose 33pc over the first quarter of 2023 compared to 2022, helping to push annual premiums to record highs.<\/em><\/p>\n\n\n\n

Electric cars can be particularly expensive to repair, costing around a quarter more to fix on average, compared to a petrol or diesel vehicle, according to Thatcham Research, the motor industry\u2019s research centre.<\/em><\/p>\n\n\n\n

Particular worries surround the batteries<\/em><\/a>, which are commonly mounted on the floor of the vehicle. This placement can make it more likely that it will be damaged even in a minor accident such as mounting a kerb.<\/em><\/p>\n\n\n\n

According to Copart, an auction platform, around half the low-mileage electric vehicles it has salvaged have suffered minor battery damage.<\/em><\/p>\n\n\n\n

The battery is also generally the most expensive part of an electric car and can account for as much as 50pc of the vehicle\u2019s value, costing between \u00a314,200 and \u00a329,500.<\/em><\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/money\/bills\/insurance\/john-lewis-stops-insuring-electric-cars\/?WT.mc_id=e_DM212108&WT.tsrc=email&etype=Edi_Cit_New_v2&utmsource=email&utm_medium=Edi_Cit_New_v220231001&utm_campaign=DM212108<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood h\/t Paul Kolk And in yet more bad news for the EV rollout: John Lewis has stopped offering insurance to electric car drivers amid fears over the cost of repairs. The department store\u2019s lending business John Lewis Financial Services has put a temporary pause on […]<\/p>\n","protected":false},"author":121246920,"featured_media":281430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"And in yet more bad news for the EV rollout","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691821977,691818740,691823182,691823181,691823183],"class_list":{"0":"post-281425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-electric-vehicles-evs","9":"tag-ev-batteries","10":"tag-insurance","11":"tag-john-lewis","12":"tag-john-lewis-financial-services","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/0arrow-211_image-1-scaled-1.jpg?fit=2560%2C1920&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1bd7","jetpack-related-posts":[{"id":281647,"url":"https:\/\/climatescience.press\/?p=281647","url_meta":{"origin":281425,"position":0},"title":"EV\u2019s suddenly become uninsurable (unless you are rich)","author":"uwe.roland.gross","date":"03\/10\/2023","format":false,"excerpt":"From JoNova By Jo Nova Shuets Udono Remember how we predicted insurance costs would rise when people realized that almost brand spanking\u00a0new EV\u2019s were being written off for scratches, because no one could test their battery and be sure it would not ignite? 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From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood h\/t\u2026","rel":"","context":"In \"CO2\"","block_context":{"text":"CO2","link":"https:\/\/climatescience.press\/?tag=co2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-13.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-13.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-13.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-13.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":281545,"url":"https:\/\/climatescience.press\/?p=281545","url_meta":{"origin":281425,"position":2},"title":"EV Owners Facing Soaring Insurance\u00a0Costs","author":"uwe.roland.gross","date":"02\/10\/2023","format":false,"excerpt":"From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood My heart bleeds for this planet saving hero!! Driving an electric car should be a win-win, saving money and the planet. So David* was shocked when the insurance on his Tesla Model Y came up for renewal, and\u00a0Aviva\u00a0refused to\u2026","rel":"","context":"In \"cost rocketed\"","block_context":{"text":"cost rocketed","link":"https:\/\/climatescience.press\/?tag=cost-rocketed"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/00tesla-model-y-blue-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/00tesla-model-y-blue-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/00tesla-model-y-blue-2.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/00tesla-model-y-blue-2.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/00tesla-model-y-blue-2.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":282497,"url":"https:\/\/climatescience.press\/?p=282497","url_meta":{"origin":281425,"position":3},"title":"Will EV mandates decide the 2024 election?","author":"uwe.roland.gross","date":"08\/10\/2023","format":false,"excerpt":"From \u00a0CFACT By\u00a0Duggan Flanakin\u00a0 Let\u2019s see just how long this auto workers\u2019 strike lasts. 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