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Trouble Insuring Electric Vehicles Threatens Green Shift, Experts Warn

03 Oct 2023 | Abstracted from CityAM

"Uncertainty over the rising cost of repairing EVs, particularly damaged batteries, has caused some insurers to back out of providing policies for electric car makes over the last year.

"A July report from the automotive risk intelligence company Thatcham Research found EVs cost around a quarter more to repair when compared with petrol or diesel counterparts...EV drivers will be paying substantially more for their insurance in the future"



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