EVs Only for the Wealthy

Do you remember how the leader of the World Economic Forum, Klaus Schwab, told us we will own nothing and be happy?

It was all part of his great reset of the global economic and geopolitical norms to entrench a form of crony capitalism.

Capitalism controlled by a cadre of elites who know what's best for the rest of us.

That plan includes global governance, central bank digital currencies, climate controls, eating crickets instead of meat and 15 minute cities.

The one saving grace was that you could buy an electric vehicle to publicly signal your virtue in the hope that you'd be the last one they come for.

Of course charging that vehicle with a government controllable electricity grid might be a problem but if you've got an electric car you have already signed up to the climate change scam they are using to control the world.

But it turns out there's another pesky problem with the pious Prius or the virtuous Volt.

Apparently insurance is becoming a bit of a problem due to the tendency of electric vehicles (EV) to ignite or explode.

Under government guidelines, if an EV is damaged, they are required to spend a couple of days in quarantine, parked a minimum of 15 metres from other cars.

That means that your local crash repairer will have only two EV in a space that could normally house around 100 regular cars.

The isolation requirements may account for some of the reason that EV cost 25 per cent more than petrol cars and take 14 per cent longer to repair.

But it gets worse than that.

The cost of insuring these environmental disasters on wheels is skyrocketing as insurers realise what a liability they are.

Some insurance companies are refusing to cover EVs at all which has prompted those that will to massively hike premiums.

The Guardian reports that in the UK, one vehicles annual premiums went from around AUD $2500 to more than AUD $10,000!

In the Facebook group, members share stories of horror renewal quotes, with increases ranging from 60% (up to £1,100) to a staggering 940% (a jump from £447 to £4,661, according to a screengrab shared by one driver).

In the case of a Tesla model Y, the insurance cost was more than 10 per cent of the new vehicle purchase price.

The premium is explained by Mathew Avery, director of auto risk company of Thatcham Research .

“We’re buying electric cars for sustainability reasons but an EV isn’t very sustainable if you’ve got to throw the battery away after a minor collision.”

There is no way to repair or assess even slightly damaged battery packs after accidents for many EVs. This forces insurance companies to write off cars with relatively low mileage.

That results in a pile up of toxic batteries creating a brand new environmental landfill threat.

So not only are EVs a new tool of control, insuring them will soon be affordable by only the wealthy.

They are just another step toward a world where you will own nothing...although I'm not so sure that will make you happy.