New EV Deemed Total Loss After Battery Replacement Costs More Than Car Itself

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A man in Canada was shocked when he discovered that it was going to cost him more than what he originally paid for his electric car just to replace the vehicle’s battery pack.

Kyle Hsu bought a brand new Hyundai IONIQ 5 in 2022 at a cost of about $55,000 Canadian (about $41,583 in U.S. dollars).

Less than a year later, he had a small accident that led to some gouges and warping of the battery protector cover on the car’s undercarriage. That small amount of damage led to a shocking and disheartening situation for the car owner that is costing him thousands.

Hsu took the car to the dealership where he purchased the car and asked them to assess the damage. What they told him amazed and infuriated him and should serve as a warning to anyone looking to buy an EV.

The story is going viral after a couple who host the Motormouth video podcast, Zack and Andrea Spencer, posted a video about the EV owner’s wretched experience, according to the Vancouver Sun.

The dealership told Hsu that the damage to the undercarriage meant that his battery pack constituted a hazard and that the battery was under threat of exploding, so it had to be replaced.

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