EV batteries remain major challenge for insurers - UK's Thatcham

An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville/File Photo

LONDON (Reuters) -A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday.

The British automotive risk intelligence company cited a "concerning lack of affordable or available repair solutions and post-accident diagnostics" in a report entitled "Impact of BEV Adoption on the Repair and Insurance Sectors" the UK Government's innovation agency Innovate UK funded to examine differences between EVs and fossil-fuel models.