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Motor Insurance industry concerns over adoption of BEVs [pdf]
- vixen99 3y agoFrom the report: "Much of the Motor Insurance industry is yet to start to adapt to the challenges ahead and the implications remain unquantified on repair capacity, training and skills, cost, and the lifetime sustainability of BEVs. Despite this, the Motor Insurance industry is already seeing BEVs performing differently in the market. BEV claims are already ~25.5% more expensive than their ICE equivalents and are taking ~14% longer to repair. It is impossible to quantify whether total- loss rates are higher for the current generation of vehicles as there are too many confounding factors."