Yes, first 20k mile service is free. At 40k it won't be, but I won't have the car by than as the lease will be over in Jan 2025. Wipers are $200 btw, as they are the type that has the fluid nozzles built into them

 

If Hyundai corporate is setting the prices of the batteries, it's on them. For now, almost all the Ioniq5 sold are most likely still under warranty. Insurance premiums will be adjusted accordingly if those cars have to be totaled all the time. Consumers' behavior will change if/when there are more battery replacements after the warranty expires and higher insurance cost. The market always determines winners and losers based on consumers' behavior.

If you own an EV, enjoy it for what it is. If you're in the market for one, it all depends on what your risk tolerance is. ICE cars have their own issues also. Most of the consumers might just feel that they have options other than the dealers if the car needs repairs especially after the warranty expires.

 

anecdote: going from ice santa fe to ioniq 5 (both top models and the ioniq 5 costs more), my insurance went DOWN.

 

I love it when that happens! Score!

 

Well, my insurance went up and now I know why.

The rest of us are paying for the batteries.


 

I'm sure they made up for it with you Homeowner's ins.

 

nobody lets you replace battery cells alone, thats why you have 3rd party repair shops.

but this whole thing is just poorly done by Hyundai. I cant believe nobody thought about repair costs when they started sales in the market, thats crazy.

 

The problem is dealerships in America, and it looks like Canada as well have way to much power. At this point, any repairs needed for our Ioniq 5 (other than tires and maybe brakes) have to be done at the dealership. As long as the car is under warranty, it's not an issue, but once it's out of warranty, there are no third party repair shops that can replace the battery pack

 

Nothing you said is correct.

Dealerships do not set part pricing whatsoever, it is corporate that controls the price. Sometimes you might see the discounts, but generally you dont see dealerships marking the repair costs, and also you can actually get a quote from another dealer. If the repair was $20k, it would still be $7-$8k profit for the dealer.

Also, for Tesla, yes you can repair your battery at 3rd party repair shops. I would assume the same for anyone else that has the enough vehicles to make it interesting.

Additionally, it has nothing to do with warranty, you might have collision that your insurance will not cover, and if you have to repair it at $50k, then you are done.

 

Can't argue with that

 

in short, it is Hyundai Canada corporate that does not want to sell this car seriously, and then also whoever their principal is, does not care.

Thats a problem with ice brands, BEVs are tiny portion of their sales and they dont care, they have other problems to deal with right now.

 

That defeats the purpose of having insurance, doesn't it? If you have full coverage, it doesn't matter if you're at fault or not, the insurance company is obligated to make you whole. Whether it be repaired or totaled if the cost exceeds certain threshold.

 

If you have full coverage. A lot of people don't have full coverage. Also having ridiculous repair costs will eventually drive cost of coverage up.

There is a lot of talk about Teslas being expensive to repair, most of people here don't understand that Teslas have dirt cheap parts, probably on purpose to combat this.

Battery is a big though, comparable to this vehicle, Model 3 LR battery is between 9k and 12k, it is still huge cost but way less than 50k.

 

Full coverage can be declined - commonly due to things like lapse in payment (sometimes life gets too busy), some one in your family/extended family drives your car and they are not covered under policy, speeding (such as exceeding the speed limit - easy to do) etc.

 

Yeah, if your policy lapses, no one is covered. However, anyone you authorize to drive is covered. At least in the US.

Can someone not on your insurance drive your car?
You can lend your car to someone else. How car insurance coverage works for a borrowed vehicle can vary, however. Contrary to popular belief, car insurance typically follows the vehicle, not the driver. This means if you lend your car to someone else, your insurance will be the primary coverage in the event of an accident

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