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Home World Australia

Fires, parts make EVs cost more to insure in Australia – but that may change

23 May 2024
in Australia
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Fires, parts make EVs cost more to insure in Australia – but that may change
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Australian EV owners pay higher insurance rates compared to petrol and diesel car owners, but this trend may change soon.

The Insurance Council of Australia released a report on EV insurance challenges and how the industry can adapt to shifting car preferences.

Research confirms that insuring an EV is currently more expensive than a traditional combustion engine vehicle.



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Tags: AustraliaChangecostEVsfiresinsureparts
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