EV batteries can’t survive a scratch — Reuters
If cost and range anxiety weren’t enough of a problem, EV collisions will be costly
After losing power for 10 of 14 days between the ice storm of late February and the thundersnow of early March, Cathleen Russ of Royal Oak testified to Michigan lawmakers that she “would not accept an EV right now if you gave me one.”
Russ lost two refrigerator loads of groceries and had to inconvenience friends by sleeping at their homes during the outage. An electric vehicle would have compounded her problems, she told lawmakers. With no reliable way to charge the vehicle, she would have been paying for Uber rides to and from work.
A report in Reuters last week points toward another problem for the electric vehicle: durability after a crash. Specifically, the electric vehicle’s battery is a problem.
“We've recently learned that Ford will lose $3 billion on EVs this year, on top of $2 billion in losses last year,” Hayes said. “Those losses are happening even with profits on Ford’s far more reliable internal combustion engine vehicle sales and massive infusions of federal cash. For its part, GM is laying off hundreds of white-collar employees as it hemorrhages enormous amounts of capital into EVs and watches overall vehicle sales drop in this inflation-plagued economy.”
Hayes noted that “range anxiety,” or the fear that an EV won’t be able to get to Point B without recharging, along with the high price of the EV, is a barrier to mass adoption.
“If that’s not bad enough, customers are now having to face the fact that a minor fender bender could lead to the loss of their entire vehicle,” Hayes said. “Who knows what this is going to do to insurance rates? At what point will we admit this was a bad idea and stick with reliable and effective technologies?”
Gov. Gretchen Whitmer wants two million EVs on Michigan roads by 2030, and she has enlisted both the Michigan Public Service Commission and the Department of Environment, Great Lakes and Energy to advance that goal.
Michigan had 17,500 EVs registered in 2021, per the U.S. Department of Energy.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.