Analysis

Electric vehicles prompt drive for data as underwriters define approach

By Jon Guy 2021-09-02T10:55:00

electric vehicle (2)

The appeal of electric vehicles is on the rise - as are the numbers of these cars on the roads – but a lack of data and expensive repair costs are testing the industry’s response

At the start of 2020, just 0.7% of cars in the UK were electric vehicles (EVs), according to vehicle research centre Thatcham Research. However, that figure is rising rapidly and the insurance industry is having to accelerate its ability to meet the needs of policyholders.

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