In what being billed as one of the most expensive auto recalls in history, Hyundai is recalling 82,000 vehicles. By recall standards, this is a relatively modest number. But the recall is costing a hefty amount – estimated at $900 million.
The electric vehicles are being recalled due to battery defects that could cause the batteries to catch fire. The fix is to replace the entire battery, at a cost of approximately $11,000 per vehicle. CNN.com reports that this is the equivalent of having to replace an entire engine in a gasoline-powered car, a situation that has rarely occurred in automotive recall history.
For the sake of comparison, General Motors reportedly spent $1.2 billion recalling 7 million vehicles with Takata airbags in recent years. That’s a cost of under $200 per vehicle on average.
Despite the danger of the batteries catching fire, no one has been reported injured as a result of the defect.
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