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☆ $20,000 repair bills and other hidden costs that could sneak up on EV buyers
▼ + stars: | 2023-10-21 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

The switch to electric vehicles is still hampered by the high cost compared to gas cars. The higher upfront costs don't consider several less obvious costs that can hit after buying an EV. AdvertisementAdvertisementThose premiums are driven by higher repair costs. According to Mitchell, a collision repair software company, the average repair cost for a non-Tesla EV is $269 higher than the average for all vehicles. If people interested in used EVs are worried about replacing an expensive battery, the resale value will take a big hit.

Persons: —, Johnny Bacigalupo, Sandy Munro, Bankrate, Mitchell, Mark Matousek, Kevin Tynan, Davis, Power Organizations: Service, Edinburgh, EV, Washington Post, Insurance, Anderson Economic Group, Ford, Bloomberg, Toyota, University of California Locations: Scotland, skyrocket, Canada, Edmunds

☆ A Tesla owner says his 'heart missed a beat' when he received a $20,000 bill after the battery was damaged by rain
▼ + stars: | 2023-10-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

One of the owners, Johnny Bacigalupo, told Edinburgh Live that the bill was "absolutely obscene." AdvertisementAdvertisementA Tesla owner said he was "flabbergasted" when he and his partner were hit with a hefty bill to fix their electric vehicle. When I first got the call I thought we would get a bill for £500 or £1,000," Bacigalupo told Edinburgh Live. Elon Musk said in 2019 that it could cost between $5,000 and $10,000 to replace a Tesla battery , J.D. Recurrent, which reports on EV battery health, said battery replacement could cost anywhere from $5,000 to $20,000.

Persons: Johnny Bacigalupo, —, Rob Hussey, Bacigalupo, Elon Musk, Hussey, couldn't, Tesla, Mario Zelaya, Zelaya Organizations: Tesla, Edinburgh, Service, Scottish, Tesla Edinburgh, Fox Business Locations: Canadian, Europe

☆ A Tesla owner says his 'heart missed a beat' when he received a $21,000 bill after the battery was damaged by rain
▼ + stars: | 2023-10-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

One of the owners, Johnny Bacigalupo, told Edinburgh Live the bill was "absolutely obscene." When I first got the call, I thought we would get a bill for £500 or £1,000," Bacigalupo told Edinburgh Live. Power quoted Elon Musk saying in 2019 that it could cost $5,000 to $10,000 to replace a Tesla battery but added that the figures were different in 2023. Recurrent, which reports on EV battery health, said battery replacement could cost anywhere from $5,000 to $20,000. I was flabbergasted and couldn't really find my words," Bacigalupo told Edinburgh Live, adding that he asked the Tesla representative how the couple was at fault.

Persons: Tesla, Johnny Bacigalupo, —, Rob Hussey, Bacigalupo, Power, Elon Musk, Hussey, couldn't, Mario Zelaya, Zelaya Organizations: Edinburgh, Service, Scottish, Tesla Edinburgh, Fox Business Locations: Canadian, Europe

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