September 30, 2023

Most EV batteries are thought-about a low fireplace danger and rigorous requirements apply, nevertheless a notion persists amongst media and the general public that EVs are a excessive fireplace danger, some insurance coverage stakeholders say.

That’s based on Insurance Business Australia which quotes an Worldwide Union of Marine Insurance coverage (IUMI) supply after the Fremantle Freeway automobile service fireplace as saying EV fires are usually not extra harmful than inside combustion engine (ICE) fires and simply should be addressed in a different way.

IUMI has printed a best practice guide for transporting EVs on ships with analysis about EV fires.

An accompanying launch suggests delivery neighborhood issues are rising about fires on automobile carriers however says analysis reveals fires in battery EVs are usually not extra frequent or extra harmful than ICE fires.

As an example, whereas media hypothesis initially pointed to an EV contributing to the Fremantle Freeway fireplace, Insurance coverage Enterprise Australia says newer information stories say the hearth trigger continues to be unknown.

From March 2024, the Worldwide Maritime Organisation (IMO) will contemplate methods to cut back fireplace dangers involving delivery.

The Insurance coverage Council of Australia (ICA) has beforehand mentioned any fireplace dangers round EVs normally concern their charging stations or areas the place batteries are saved, including insurers have seen an increase in claims associated to such incidents.

Insurance coverage Enterprise Australia is looking for suggestions on the hearth difficulty.