You aren't comparing apples to apples. Both sides are right .... and both sides are wrong dependent on many variables. You can get cheap power ... you can get expensive power, You can get expensive fuel ... and very expensive fuel (Yay). who know what the future will bring. Power will absolutely increase in price (renwables not yet paid for), but fuel could be remarkably cheap ... or destructively expensive.... we have no control over which as a country. We do have control over our power costs. We know they will increase considerably in the near future, but it shouldn't double overnight like fuel can.
different cars are cheaper to insure, new cars are generally cheaper to insure ... older cars get more expensive and are mostly written off. More easily stolen cars are more expensive. There is no point comparing an old VW to a new car. Try a Tesla and equivelant 4 door passenger sedan in the same suburb. Now we are comparing apples to apples. Only still we are not, I consider a tesla a high performance vehicle (though I doubt insurers do). You really need to compare something like an MG throw-away to an MG with a wheezy petrol engine. Like for like.
I have no doubt the electric vehicle MUST be more expensive, simply because there is rules and regulation that must be followed for accident repair on one (it is what it is). Then again, who would want to steal one? So it might work out even. The insurance industry will work this out in time and adjust there premiums to match.
Lets just hope the morons stealing and burnings cars don't work out what a spectacular bonfire EV's make if they start torching them off
That topher guys did a phenominal overview on the overview of power in australia and why its so expensive. The reason is the batteries are setting the price 26% of the time. And given they can only output a pathetic miniscule amount of power for a tiny period of time, they set the entire markets pricing when used. Its just mind boggling the insanity of it. Nothing runs efficiently as everything has to work around the intermittant power available from the renewables.
Renewables appear to be great, but we should have capped them at 20% so they work efficiently with the existing infrastructure.
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