CAR INSURANCE
How electric vehicles will affect your premiums
In time an EV could be cheaper to insure than a conventional car
31 October 2019 - 05:07
In SA, electric vehicles (EVs) currently command a marginally higher insurance premium. This is largely because, for the time being, insurers do not have enough accident, repair and other claims history on EVs as there are still estimated to be less than 1,500 of them on our roads.
However, as numbers of battery-powered vehicles increase, the cost of EV cover should in a short time align with — and eventually beat — the cost of cover for internal-combustion engine vehicles...
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