Do electric cars have a higher chance of catching fire? Probably not. But when they do, battery fires last longer, resulting in a more damaged car and delayed discovery of the root cause. Under those ashes, lies the true cost of electrification.
A string of fires and recalls has drawn fresh attention to the risks of batteries. GM has recalled 142,000 cars and Hyundai 82,000, both due to the risk that the batteries can, in unusual circumstances, burst into flames.
Unlike components of traditional petrol cars, the world’s automakers source all their electric car batteries from a handful of Asian companies. Of them, just four — LG, Samsung SDI, Panasonic and CATL — supply high-end batteries. They are all running at close to full capacity.
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