Why are electric cars so expensive to insure in California?
Historically, insurance rates for evs have been higher than ice vehicles because they can be more expensive to repair and replace. Replacement battery packs, for example, can be pricey. Motortrend reports that a 75-kwh tesla battery pack costs $5,999 while a 100-kwh pack costs as much as $15,500. On average, ev batteries degrade at a rate of 2. Ev after about 10 years – or after the car has been driven for 100,000 miles.Fortunately, modern EV battery packs should prove problem-free for nearly the first decade of use—possibly even longer. By the time today’s EVs will need a replacement battery pack, it’s likely the manufacturing and material costs will be far less than they are today.EV battery warranties typically cover at least 8 years and 100,000 miles, and automakers will replace the battery in the case of catastrophic failure, or a reduction in capacity (usually to 70% of the original or less).