State Farm Removes EV Chargers Due to Fire Risk
You’ve heard us talk about many times the used and new electric vehicle market and what are the risks. Well, here is something that’s flying under the radar, but this is a very significant development. State Farm Insurance is one of the largest Automotive personal lines insurance companies in the country, if not the largest. One of the perks they had for their employees was they had electric vehicle charging stations at their offices. So, if you were an EV owner and you worked at State Farm, you pull into work, you plug in your EV, and you get charged up for free during your workday.
State Farm’s Risk Assessment on EV Charging
Well, State Farm should know a few things about the risk of electric vehicle fires. So, what they’ve done is they’re removing EV chargers at its hubs across the country—not just one place, but all across the country. State Farm, according to the article, said the removal was due to an Enterprise risk assessment that found fire risks.
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EV Charging Station Removal: Insurance Company’s Perspective
So, here’s an insurance company who is getting rid of their EV chargers because of fire risk—an insurance company. If anybody should know what the actual risk is, it should be an insurance company. The article said studies have found that EVs tend to set fires less than gas cars, but they’re more expensive and harder to put out. State Farm didn’t specify the amount of risk, but they said they’re pulling these EV chargers. So, this is kind of interesting: here’s an insurance company that had this perk for employees to get free EV charging while you’re at work, and now they’re yanking out all these charging stations.
What Does This Mean for EVs?
What do you think about this? Is this an indication that EVs are dangerous, or is it just an insurance company being overly cautious? I mean, obviously, they don’t have gas stations on-premises, so maybe that’s not a fair comparison, but it is a significant development that indicates that there might be danger in charging up an EV on the premises of a business or even at home.
