EVs can attract higher insurance premiums due to replacement parts and skilled labour being more expensive, plus they may be in higher car insurance groups than comparable ICE (internal combustion engine) vehicles. When it comes to insurance, some EV policies offer breakdown cover should the battery run flat while on the road. Should I buy or lease an EV battery? But that means we need to see acceleration in the number and distribution of charging points so that drivers can enjoy easy access to the power they need. “When it comes to insurance, drivers switching to an electric car should hopefully not experience too much of a shock.

Source: Forbes January 23, 2022 08:04 UTC