Than you Canadians are being ripped off. Doesn't really worry me, as long as I don't drill into our Ioniq 5's battery pack on purpose, it's covered under warranty or insurance. The insurance premium I pay on our Ioniq 5 is similar to most other cars I own, maybe $100 more

The car is MSRP $55k, so yeah, someone is being ripped off

 

Indeed, our company runs into this as well being medical device, especially during the pandemic. Middle finger in the face indeed

 

Well, that is $73k Canadian.

 

Haha, I forgot to use the currency translator 🤣

 

Just to make a final post on this, I acknowledge that battery packs are expensive. Damaging them can be potentially costly to the owner. If you are concerned that you personally as an owner may face a stiff out of pocket one day, than that's a legitimate concern, and I respect your decision not to buy a BEV. So far since 2020 I've had zero out of pocket in repair or maint costs for four EV's (other than wiper fluids and cabin filters), but who knows, a day of reckoning may come. I'm willing to take the chance, and hopefully you guys will respect that decision as much as I respect both of yours

 

It wouldn't stop me from buying a Phev or Bev but it would have a big factor if I was buying used so I would just pick a brand with good resale value.

The resale value is usually key, that says whether there is demand.

 

Totally understand that. You have to make whatever you think is the best financial decisions for you and your family. Which is why I'm currently leasing both my Polestar 2 and Ioniq 5. I may though buyout my Polestars lease when it up Jan 2025, but we will see as the time gets closer

 

Hyundai doesnt let you replace battery modules. Or the assembly casing only without batteries. It’s the entire thing or nothing.

Which makes them unserviceable if anything goes wrong.

While we may think that it’s ok as long as it’s covered by insurance. But having a car written off for something minor will get annoying.

Not sure what the deal is with other brands outside of Teslas.

 

Corporate ripping off insurers by fixing the price on the batteries. I hope insurers catch up on this nonsense and jack up the price of the premiums then this will force them to be more inline with the actual costs.

 

One of the reasons I chose leasing over buying with our Ioniq 5. With Tesla, there are a number of established third party shops that will repair or replace the battery pack for a quarter of the cost Tesla charges you from their service centers.

Insurers will get wise to this over time, as they are in business to make money, not lose money

 

Not sure what the deal is in Canada but the battery itself is only $25K in the U.S. Not cheap but par the course for most EV's.

This vehicle has been sold for three years now so I very much doubt insurers are missing collision and repair data. The OP case is a typical example of dealer and insurer incompetence to write off what appears to be a perfectly functional vehicle out of their unfamiliarity with how to diagnose an EV battery.

 

EV's are 100 percent not disposable. You have Tesla Model S going back to 2013 still on the road, lots of Chevy Bolts going back to 2017, and even Nissan Leaf's going way back to 2010. Even if the car is totalled by insurance, it will go to auction where plenty of people are willing to buy it, replace the needed components and resell it. Dead or damaged battery pack is not the end of the line

 

It's funny because the Ioniq 5's battery pack is designed to be easily repairable with cells that can be swapped out if necessary.


The only ones who think EV's are disposable are those who have no understanding of EV's, and would rather just make the problem go away in the most convenient way possible for them. Essentially, the dealership and insurer in the OP.

 

Well, can you blame them? No more oil changes, tune-ups, routine maint, and services they make up like "fuel injection cleaning". Basically in 20K miles, my Polestar has costed me $0 in maint. All the Polestar service center did was change the cabin filter, changed the windshield wipers, added windshield wiper fluid and inspected the car. Whole thing took less than 2 hours.

I asked my mechanic what he was going to do when all his customers go EV, and his answer was: retire

 

they did that inspection service for free, with free filter and wipers? Nice.