1 00:00:00,160 --> 00:00:04,040 Speaker 1: I've mentioned this before where in Canada and you can 2 00:00:04,080 --> 00:00:09,160 Speaker 1: google this. It's in reputable newspapers, not just a Facebook post, 3 00:00:09,240 --> 00:00:14,520 Speaker 1: but a Hoo and Die ionic car Knew in its 4 00:00:14,520 --> 00:00:18,880 Speaker 1: first year suffered some relatively minor battery damage under the 5 00:00:18,920 --> 00:00:22,640 Speaker 1: car and the whole car was written off because it's 6 00:00:22,720 --> 00:00:24,840 Speaker 1: cheaper to do that for the insurance company than try 7 00:00:24,840 --> 00:00:27,840 Speaker 1: to replace the battery in the car or under the car. 8 00:00:28,440 --> 00:00:30,200 Speaker 1: It was a little corner of the battery. It must 9 00:00:30,200 --> 00:00:33,240 Speaker 1: have hit a rock or something underneath and damaged the 10 00:00:33,280 --> 00:00:37,879 Speaker 1: battery slightly. Car gone. You can imagine what that's going 11 00:00:37,920 --> 00:00:41,640 Speaker 1: to do to premiums in the future. What about battery fires? 12 00:00:41,680 --> 00:00:44,400 Speaker 1: And I understand here in Australia we've only had seven 13 00:00:44,680 --> 00:00:49,480 Speaker 1: car fires ev car fires, but they are a thing. 14 00:00:50,040 --> 00:00:51,800 Speaker 1: They take a long time to put out and a 15 00:00:51,800 --> 00:00:54,400 Speaker 1: lot of energy and resources to put out. What does 16 00:00:54,440 --> 00:00:57,640 Speaker 1: that mean for insurance premiums? Not to mention and there's 17 00:00:57,680 --> 00:01:04,840 Speaker 1: been certainly cases of phones catching a light East scooters 18 00:01:04,840 --> 00:01:08,920 Speaker 1: have started fires when they're being charged and presumably because 19 00:01:08,959 --> 00:01:11,880 Speaker 1: either the battery overheats or the wrong charging equipment is 20 00:01:11,959 --> 00:01:14,720 Speaker 1: used and away we go. What's that going to do 21 00:01:14,760 --> 00:01:18,280 Speaker 1: to insurance premiums. It's a question being asked by many people, 22 00:01:18,319 --> 00:01:21,520 Speaker 1: including Frank Pangelo, Upper House MP here in State Parliament. 23 00:01:21,560 --> 00:01:24,959 Speaker 2: Frank, good morning, Good morning Matthew, good warning to your listeners. 24 00:01:24,959 --> 00:01:27,280 Speaker 2: And just going back to what you were talking about 25 00:01:27,319 --> 00:01:33,160 Speaker 2: with the ev fires and only seven there. Sure they 26 00:01:33,200 --> 00:01:38,000 Speaker 2: are low risk, but they have to point out will 27 00:01:38,080 --> 00:01:42,400 Speaker 2: not do they happen They've actually happened on container ships 28 00:01:43,640 --> 00:01:46,199 Speaker 2: where the container ships I think one actually went down 29 00:01:46,920 --> 00:01:50,400 Speaker 2: as a result of a fire caused by them, So 30 00:01:50,440 --> 00:01:54,760 Speaker 2: it gives you an idea of the combustibility of these batteries. 31 00:01:55,080 --> 00:01:58,800 Speaker 2: You might also recall back ten or so years ago 32 00:01:59,200 --> 00:02:01,800 Speaker 2: the popularity of those hover boards. Do you remember those 33 00:02:01,840 --> 00:02:04,520 Speaker 2: hover boards that all the kids were having. I do 34 00:02:05,360 --> 00:02:07,960 Speaker 2: remember that, and all the fires are causing your homes 35 00:02:07,960 --> 00:02:12,000 Speaker 2: that it forced the federal government to ban them, So 36 00:02:12,919 --> 00:02:15,680 Speaker 2: that gives you an idea because they were using lithium 37 00:02:16,200 --> 00:02:21,040 Speaker 2: in their battery, so it is a highly combustible material 38 00:02:21,120 --> 00:02:24,880 Speaker 2: that is in there. Now that you know, the government 39 00:02:25,840 --> 00:02:30,320 Speaker 2: here South Australia has legislatable though it hasn't gone through yet. 40 00:02:30,320 --> 00:02:34,880 Speaker 2: By the way, Matthew, on the e scooters or personal 41 00:02:34,960 --> 00:02:39,440 Speaker 2: mobility devices, it's now deadlocked at the moment because when 42 00:02:39,480 --> 00:02:43,560 Speaker 2: we're in Parliament, a couple of weeks ago, the Liberals 43 00:02:43,600 --> 00:02:47,840 Speaker 2: through ben Hood, successfully moved an amendment to that bill 44 00:02:47,880 --> 00:02:56,200 Speaker 2: that required that compulsory third party insurance you know, personal 45 00:02:56,440 --> 00:03:05,600 Speaker 2: liability insurance be included CDP as in allowing those powered 46 00:03:05,600 --> 00:03:08,200 Speaker 2: motor vehicles on the road. So now there's a deadlock 47 00:03:08,360 --> 00:03:12,280 Speaker 2: and the government and mister Hood are at loggerheads as 48 00:03:12,320 --> 00:03:15,000 Speaker 2: to as to that aspect of the bill because they 49 00:03:15,040 --> 00:03:18,080 Speaker 2: don't want to have the government doesn't want people to 50 00:03:18,120 --> 00:03:25,320 Speaker 2: be paying for that cover, that CTP cover, And I 51 00:03:25,639 --> 00:03:28,440 Speaker 2: voted in support of that, by the way, because you 52 00:03:28,560 --> 00:03:32,919 Speaker 2: need to have protection for individuals who maybe struck or 53 00:03:33,000 --> 00:03:37,520 Speaker 2: ringe it, whether it's the writer, other road users or 54 00:03:37,600 --> 00:03:40,080 Speaker 2: even people on foot paths. You know, they need to 55 00:03:40,120 --> 00:03:43,720 Speaker 2: have a level of protection from injury. And we know 56 00:03:43,840 --> 00:03:46,960 Speaker 2: how you know how bad that The. 57 00:03:46,920 --> 00:03:49,680 Speaker 1: Minister says that will that will push up premiums by 58 00:03:49,920 --> 00:03:51,920 Speaker 1: thirty to forty bucks for your ct. 59 00:03:52,160 --> 00:03:53,840 Speaker 2: Bad well, bad luck. 60 00:03:55,240 --> 00:03:55,520 Speaker 1: Living. 61 00:03:56,440 --> 00:03:58,800 Speaker 2: Well, you're going to have hundreds of these things on 62 00:03:58,840 --> 00:04:03,040 Speaker 2: the road. Should the thought of that before allowing it 63 00:04:03,080 --> 00:04:03,560 Speaker 2: to happen? 64 00:04:03,640 --> 00:04:06,920 Speaker 1: Should they be should they have a redgo number? 65 00:04:07,440 --> 00:04:08,600 Speaker 2: Well, they might need to. 66 00:04:09,960 --> 00:04:11,760 Speaker 1: Why don't we do the same for bikes because they're 67 00:04:11,760 --> 00:04:13,040 Speaker 1: allowed to be on footpaths. 68 00:04:13,480 --> 00:04:17,520 Speaker 2: Well, the pushbikes don't really cause the amount of injuries 69 00:04:17,560 --> 00:04:21,000 Speaker 2: that these these howered vehicles are likely to do. But 70 00:04:21,120 --> 00:04:23,640 Speaker 2: you need to review that, right you know we're talking 71 00:04:23,680 --> 00:04:26,919 Speaker 2: about there will be hundreds of them, on thousands, I 72 00:04:26,960 --> 00:04:31,200 Speaker 2: would say, because many have been privately bought already and 73 00:04:31,279 --> 00:04:34,720 Speaker 2: still used illegally on our roads and it's just going 74 00:04:34,760 --> 00:04:37,680 Speaker 2: to create another hazard. And it also you need to 75 00:04:37,720 --> 00:04:42,560 Speaker 2: protect users on those roads or on the footpaths from 76 00:04:42,600 --> 00:04:46,440 Speaker 2: any injuries. Now, I've had people come to me who've 77 00:04:46,520 --> 00:04:51,280 Speaker 2: been badly heard being hit by these these these scooters 78 00:04:52,040 --> 00:04:55,719 Speaker 2: and went nowhere. They couldn't do anything because the higher 79 00:04:55,800 --> 00:05:02,680 Speaker 2: companies had these insurance in insurance cover that allows them 80 00:05:03,080 --> 00:05:08,560 Speaker 2: to basically not be liable or any damages that are caused. Now, 81 00:05:09,480 --> 00:05:12,000 Speaker 2: I'm okay to have these vehicles mate on the roads, 82 00:05:12,000 --> 00:05:14,080 Speaker 2: but you need to have added protections. And the other 83 00:05:14,160 --> 00:05:18,120 Speaker 2: thing they don't have is a proper standard because you 84 00:05:18,160 --> 00:05:22,400 Speaker 2: can get any type of rubbish being imported into the country, 85 00:05:22,880 --> 00:05:25,800 Speaker 2: or even people buying them online and bringing them into 86 00:05:25,839 --> 00:05:30,240 Speaker 2: the country. You don't know what the standard or the 87 00:05:30,320 --> 00:05:32,960 Speaker 2: quality of the build of that device is. 88 00:05:33,000 --> 00:05:35,960 Speaker 1: Shouldn't it come down to import standards, say we've got 89 00:05:35,960 --> 00:05:37,719 Speaker 1: to have those, don't we in Australia. 90 00:05:37,320 --> 00:05:41,960 Speaker 2: Absolutely rules, Absolutely, this is what I've been calling for that. 91 00:05:42,240 --> 00:05:44,279 Speaker 2: You know, if you want these things on our roads, 92 00:05:44,560 --> 00:05:46,640 Speaker 2: well they have to meet a standard, just like no 93 00:05:46,880 --> 00:05:49,040 Speaker 2: vehicles have to meet a standard. 94 00:05:49,240 --> 00:05:51,239 Speaker 1: David on the text line makes a really good point. 95 00:05:51,279 --> 00:05:53,480 Speaker 1: Premium should be based on the level of risk. If 96 00:05:53,480 --> 00:05:55,479 Speaker 1: I build a house on a floodplane, I should be 97 00:05:55,520 --> 00:05:58,560 Speaker 1: expected to pay higher premiums. And people who live near 98 00:05:58,600 --> 00:06:01,400 Speaker 1: creeks and the Adelaide foothills pay a high premium as 99 00:06:01,400 --> 00:06:02,000 Speaker 1: a result of that. 100 00:06:02,160 --> 00:06:02,920 Speaker 2: Well are they ready do it? 101 00:06:03,000 --> 00:06:05,479 Speaker 1: Yeah? If I buy an electric car, my premium should 102 00:06:05,480 --> 00:06:08,040 Speaker 1: be different to someone who has a conventional car, obviously 103 00:06:08,120 --> 00:06:10,719 Speaker 1: higher as a result, and they probably will be higher 104 00:06:10,760 --> 00:06:13,520 Speaker 1: sooner than later. Given that example of Canada and that 105 00:06:13,880 --> 00:06:15,600 Speaker 1: Hendi ionic. 106 00:06:16,040 --> 00:06:18,600 Speaker 2: Well exactly. Look, there was a tesla that actually went 107 00:06:18,680 --> 00:06:23,200 Speaker 2: up in Melbourne recently as well and caused extensive damage 108 00:06:23,240 --> 00:06:25,000 Speaker 2: to a house. In fact, I'll be interested to hear 109 00:06:25,080 --> 00:06:27,799 Speaker 2: from any of your listeners who may be driving teslas 110 00:06:28,240 --> 00:06:31,120 Speaker 2: just to see what their insurance premium is because I 111 00:06:31,200 --> 00:06:33,400 Speaker 2: understand that they're actually fifty percent. 112 00:06:33,160 --> 00:06:35,560 Speaker 1: High compare them others. 113 00:06:35,600 --> 00:06:39,880 Speaker 2: But going back to just going back to fires. Now, 114 00:06:40,080 --> 00:06:43,400 Speaker 2: you know you mentioned the seven fires with EVS, but 115 00:06:44,040 --> 00:06:47,920 Speaker 2: under a freedom of information that I received, the Metropolitan 116 00:06:48,000 --> 00:06:51,839 Speaker 2: Fire Service attended more than one hundred and fifty fires 117 00:06:52,800 --> 00:06:55,760 Speaker 2: that caused thirty three million dollars in damage that had 118 00:06:55,839 --> 00:06:59,120 Speaker 2: been ignited by overheating lithium batteries over the past five 119 00:06:59,200 --> 00:07:02,640 Speaker 2: years in Southern State. One fire caused twenty million dollars 120 00:07:02,760 --> 00:07:06,280 Speaker 2: damage at Winfield, So we know that there is a 121 00:07:06,360 --> 00:07:10,640 Speaker 2: risk here. And look, unfortunately, what's going to happen once 122 00:07:10,680 --> 00:07:12,720 Speaker 2: they are on the road. Not only are we talking 123 00:07:12,720 --> 00:07:17,080 Speaker 2: about CTP, but we're also talking about household insurance and 124 00:07:17,520 --> 00:07:20,600 Speaker 2: it won't be long before the insurance companies are now 125 00:07:20,640 --> 00:07:23,880 Speaker 2: going to be asking you when you renew your premium, 126 00:07:24,000 --> 00:07:26,360 Speaker 2: do you drive an electric vehicle? Where's the park? Do 127 00:07:26,440 --> 00:07:30,440 Speaker 2: you have any vehicles that are powered by liftingum batteries? 128 00:07:30,440 --> 00:07:33,280 Speaker 2: Where do you put those? Because they'll want to know that, 129 00:07:34,320 --> 00:07:37,720 Speaker 2: and your premiums are going to be based on what 130 00:07:37,880 --> 00:07:41,240 Speaker 2: you declare, and I expect that premiums will actually go 131 00:07:41,400 --> 00:07:42,480 Speaker 2: up as a result of it. 132 00:07:42,680 --> 00:07:45,960 Speaker 1: I don't doubt that. Franklin. Appreciate your time this morning. 133 00:07:46,000 --> 00:07:47,760 Speaker 2: Thank you, Thank you. Matthew. 134 00:07:47,920 --> 00:07:49,720 Speaker 1: I think he's right. I think premiums will go up 135 00:07:49,760 --> 00:07:53,640 Speaker 1: as a result of battery vehicles, whether they be scooter, 136 00:07:53,760 --> 00:07:57,080 Speaker 1: and you'd be charging that at home, and so the 137 00:07:57,120 --> 00:08:00,120 Speaker 1: insurance company will be asking you about that because the 138 00:08:00,240 --> 00:08:03,360 Speaker 1: risk is certainly there, and that's based on experience.