EV pricing woes continue
As the UK government revives electric vehicle purchase grants and confirms new investment in the charging infrastructure, David Humphreys from LexisNexis Risk Solutions says the insurance sector still faces the challenge of accurately pricing and underwriting EVs, largely due to a lack of claims history data.
While EV premiums have come down and it’s now possible to insure a small electric car for around £518, they generally remain higher than their internal combustion engine (ICE) equivalents. This is in
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