Electric vehicles, long praised for their low cost of use and their reduced impact on CO2 emissions, are now at the heart of a financial problem likely to slow down their expansion. Beyond their high purchase price, a new challenge looms on the horizon: the cost of insurance. Recently, concern has been growing among insurers … Read more
The Chinese electric car manufacturer, BYD, managed to dethrone Tesla from its first place as the world's largest exporter thanks to its competitive prices. But it may well be that this advantage of Chinese models will be short-lived. British insurance companies are increasingly reluctant to insure vehicles made in China, and they continue to increase … Read more
From waiting weeks for a simple bumper repair to being denied coverage outright, electric cars often face growing problems when it comes to repairs and insurance. Hertz recently had to part with its fleet of Model 3 rental vehicles, citing not only poor timing of purchase and resulting rapid depreciation, but also repair costs and … Read more