Electric Vehicle Insurance Costs?
After reading various articles, Is it time for the government to take action on electric vehicle insurance costs?
With technology and safety features advancing over the years, you’d expect insurance rates for EVs to be going down, right? But the reality might surprise you. Despite all the advancements in road safety, claims costs for electric vehicles are on the rise.
In recent years, we’ve seen a significant drop in the number of claims due to improved technology and safer road conditions.
Yet, insurance rates for EV owners continue to climb, even when claims are decreasing.
This raises important questions:
Should the government consider capping insurance costs for EVs to make them more accessible?
How does this affect businesses considering an EV fleet?
Join the conversation and let us know your thoughts in the comments. Let’s work together to find a solution to make EVs a more viable option for all.
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