Why electric cars cost more to insure - and what's being done about it
Electric vehicles are facing higher insurance premiums due to significantly higher repair costs and longer service times compared to traditional combustion engine cars. Industry researchers are investigating why minor accidents often lead to total write-offs for EVs.
Why it matters
Highlights a growing barrier to EV adoption as insurance costs become a significant factor in the total cost of ownership for consumers.
By Theo Leggett International Business Correspondent Published 1 hour ago It's hot and bright beneath the high intensity lights in a cavernous crash and safety testing laboratory, hidden away in a business park outside Newbury.
The report relies on industry data and technical testing to explain a market trend without taking a stance on EV policy.
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