As I mentioned before, I has focused on the trend of the next generation vehicle electric cars[EV] and fuel-cell electric cars[FCV] recently. EVs have been attracting a lot of attentions so far, but I came across an article about the insurance for EVs the other day.
The article said the insurance for EVs has gone up by 70% over the past one year in England. On the other hand, conventional cars such as gasoline and diesel ones went up to about 30%. It reported that EVs accounts for almost 20% of new cars sales in the UK and they are spreading among people. Car related nonprofit organization, the Thatcham Research states there are several reasons for this.
1)The EVs insurance cost asked for is 25% higher than conventional engine cars' one when an accident happens.
2)It takes 14% longer to fix EVs than to fix conventional cars
3)It costs higher to store damaged EVs safely
4)The price of batteries for replacement is way too high than EV's market price after one year
There is a strong likelihood that high insurance cost for EVs is caused by them above. To overcome those issues, car makers needs to design EVs immediately to repair them easier and to secure supply ability of parts. This is unfortunate, but I look forward to affordable EVs with low insurance cost in the future.