Automotivetestdrivers.com’s Post

Teslas crash more than gas-powered cars. Here’s why CNN  —  Hertz recently announced it was selling 20,000 electric cars out of its fleet, and replacing them with gasoline vehicles. One reason the company gave was that drivers kept crashing the cars. Hertz CEO Stephen Scherr noted that the costs of repairs of an electric vehicle are also much higher. And Hertz’s step back from EV sales indicate a broader problem for the EV industry. Researchers at LexisNexis Risk Solutions looking at insurance data have found that, evidently, rental car drivers aren’t the only ones having issues keeping EVs in one piece. Scherr’s statements echoed findings by insurance analysts at LexisNexis who found that, when vehicle owners switch from gasoline-powered cars to electric cars, they tend to crash more. Drivers also tend to crash somewhat more when switching to gas-powered vehicles, too, but the increase is more pronounced with EVs. The frequency of insurance claims rises by about 14.3 https://lnkd.in/gZqfqF3d

Electric cars will be cheaper to make than gas vehicles but with much higher repair and insurance costs The maintenance cost and future price advantages of electric vehicles before gas-powered cars could be more than offset by their rising insurance…: … to outright coverage denial, electric cars are often faced with mounting … few years, even when electric cars hit production cost parity … that by the time electric vehicles are expected to become … repair costs of its electric vehicles when faced with insurer … #car #cars #awesome

🇨🇳 China’s largest auto insurance company SunCar reported yesterday a 55 per cent revenue increase in its EV-Insurance business for the first half of the year. Total revenue rose 27 percent to $203.1 million for the period from January to June. Over the same period, Chinese sales of battery electric vehicles (BEVs) rose 12 percent year-over-year to 3.02 million units, while sales of plug-in hybrid electric vehicles (PHEVs), including those with extended-range electric powertrains, surged 85 percent year-over-year to 1.92 million units. ✍️ Story by Cláudio Afonso https://lnkd.in/d2eHdm2Y #SunCar #ElectricVehicles #Automotive

Electric cars cost twice as much to insure as petrol vehicles - as average cost soars by 50%: … Headlines email Drivers of electric vehicles (EV) are paying … price index. Drivers of electric vehicles (EV) are paying more … electric cars are set to fall this year as Chinese electric car … in 2024, which means electric vehicles. This percentage will steadily … #car #cars #awesome

Your Car Is Tattling on You: Major Automakers Share Driving Data with Insurance Giants: … has revealed that several major automakers are covertly sharing detailed driving … the shared driving data. The automakers and data brokers involved claim … regulator launching an investigation into automakers’ data collection practices, and Senator … #car #cars #awesome

𝐈'𝐦 𝐧𝐨𝐭 𝐬𝐨𝐥𝐝. 𝐖𝐡𝐚𝐭 𝐝𝐨 𝐲𝐨𝐮 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤❓❔❓ 🚗💨 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐀𝐮𝐭𝐨 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐦𝐚𝐲 𝐛𝐞𝐜𝐨𝐦𝐞 𝐨𝐛𝐬𝐨𝐥𝐞𝐭𝐞 𝐰𝐢𝐭𝐡𝐢𝐧 𝟐𝟎 𝐲𝐞𝐚𝐫𝐬! According to a new report by Morningstar, the rise of self-driving cars could shift liability from drivers to manufacturers, eventually making traditional auto insurance unnecessary. Key factors include the pace of autonomous vehicle adoption and evolving legal frameworks. Insurers like Progressive could be significantly impacted, while companies with broader portfolios, like Travelers, may weather the storm better. Read more below👇

Greentech Auto: High workshop costs for electric cars – “Giga-Casting” increases repair prices: … Higher policies – although electric cars have fewer claims These … electric cars have fewer claims. In motor vehicle liability insurance, electric cars … motors. Greentech Mobility: Electric cars have higher repair … Repair costs for electric vehicles are 30 to … #car #cars #awesome

𝐈'𝐦 𝐧𝐨𝐭 𝐬𝐨𝐥𝐝. 𝐖𝐡𝐚𝐭 𝐝𝐨 𝐲𝐨𝐮 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤❓❔❓ 🚗💨 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐀𝐮𝐭𝐨 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐦𝐚𝐲 𝐛𝐞𝐜𝐨𝐦𝐞 𝐨𝐛𝐬𝐨𝐥𝐞𝐭𝐞 𝐰𝐢𝐭𝐡𝐢𝐧 𝟐𝟎 𝐲𝐞𝐚𝐫𝐬! According to a new report by Morningstar, the rise of self-driving cars could shift liability from drivers to manufacturers, eventually making traditional auto insurance unnecessary. Key factors include the pace of autonomous vehicle adoption and evolving legal frameworks. Insurers like Progressive could be significantly impacted, while companies with broader portfolios, like Travelers, may weather the storm better. Read more below👇

𝐈'𝐦 𝐧𝐨𝐭 𝐬𝐨𝐥𝐝. 𝐖𝐡𝐚𝐭 𝐝𝐨 𝐲𝐨𝐮 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤❓❔❓ 🚗💨 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐀𝐮𝐭𝐨 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐦𝐚𝐲 𝐛𝐞𝐜𝐨𝐦𝐞 𝐨𝐛𝐬𝐨𝐥𝐞𝐭𝐞 𝐰𝐢𝐭𝐡𝐢𝐧 𝟐𝟎 𝐲𝐞𝐚𝐫𝐬! According to a new report by Morningstar, the rise of self-driving cars could shift liability from drivers to manufacturers, eventually making traditional auto insurance unnecessary. Key factors include the pace of autonomous vehicle adoption and evolving legal frameworks. Insurers like Progressive could be significantly impacted, while companies with broader portfolios, like Travelers, may weather the storm better. Read more below👇

𝐈'𝐦 𝐧𝐨𝐭 𝐬𝐨𝐥𝐝. 𝐖𝐡𝐚𝐭 𝐝𝐨 𝐲𝐨𝐮 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤❓❔❓ 🚗💨 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐀𝐮𝐭𝐨 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐦𝐚𝐲 𝐛𝐞𝐜𝐨𝐦𝐞 𝐨𝐛𝐬𝐨𝐥𝐞𝐭𝐞 𝐰𝐢𝐭𝐡𝐢𝐧 𝟐𝟎 𝐲𝐞𝐚𝐫𝐬! According to a new report by Morningstar, the rise of self-driving cars could shift liability from drivers to manufacturers, eventually making traditional auto insurance unnecessary. Key factors include the pace of autonomous vehicle adoption and evolving legal frameworks. Insurers like Progressive could be significantly impacted, while companies with broader portfolios, like Travelers, may weather the storm better. Read more below👇