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High Insurance Premiums Are the Latest Thing Weighing on China's EV Market

24 Jul 2024 | Abstracted from Insurance Journal

"According to S&P Global Ratings, that means the premiums for electric cars can range from 20% higher to double fuel-powered vehicles...Finding it more difficult or more costly to get insurance for an EV will likely become another thing that weighs on consumers’ minds in China...Higher insurance premiums for EVs also aren't unique to China - drivers in the US and the UK have seen a similar trend."

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