Streamed from the official YouTube channel Out of Spec BITS .
EV REPAIRS ARE NOW AS CHEAP AS ICE REPAIRS! HERE'S WHAT THE DATA SAYS
Out of Spec BITS
Content Quality Score
EV Channels Review
The Out of Spec Podcast, featuring Isaiah, delves into recent data from Mitchell, a collision repair software provider, revealing that the average repair cost for electric vehicles (EVs) is now comparable to that of internal combustion engine (ICE) vehicles. While EV claims frequency has increased, the average repair severity for repairable EVs ($623 USD) is close to that of newer ICE vehicles ($612 USD). The analysis highlights that increased total loss rates for EVs are largely driven by rapid depreciation and the insurance industry's approach to high-voltage battery repairs, rather than inherently higher repair costs for minor damages. The podcast also touches on the growing complexity of modern ICE vehicles, suggesting they are also becoming more intricate to repair. Despite the data, the speaker notes that some insurance adjusters may still be hesitant to work with EVs due to their newer technology. Overall, the episode concludes that EV repair costs are becoming more aligned with ICE vehicles, a positive sign for EV adoption.
Vehicle Specs
| Model | Model Y, Model 3, Mustang Mach-E, Hyundai Kona, Chevy Bolt, Tesla Model S, Tesla Model X, Rivian R1T |
|---|---|
| Year | 2024 |
