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EV batteries remain major challenge for insurers – UK’s Thatcham

EV batteries remain major challenge for insurers – UK’s Thatcham

by AIP Online Bureau | Jul 5, 2023 | International News, Non-Life, Reinsurance

Batteries can make up half of an EV’s cost and Thatcham found a replacement battery can cost more than the used price of the vehicle after only one year, making replacing them uneconomical LONDON: A lack of data on electric vehicle (EV) batteries continues to...

Lohum and ACKO partner to recycle and reuse batteries covered under EV extended battery warranty insurance

by AIP Online Bureau | May 2, 2023 | Non-Life, Reinsurance, Technology

The exclusive partnership is a significant milestone for the EV industry, as it marks the first timeĀ  of an association for EV battery insurance in the country to include provisions for reusing andĀ  recycling of the batteries Bengaluru: Lohum, India’s largest...

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

by AIP Online Bureau | Oct 24, 2022 | Data, Eco/Invest/Demography, International News, Technology

To support that unprecedented level of EVs, carmakers and their battery partners are planning to install 5.8 terawatt-hours of battery production capacity by 2030, according to data from Benchmark Mineral Intelligence and the manufacturers The world’s top...

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