EVs Cost Twice as Much to Insure as Fuel-Burning Cars in UK bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The soaring cost of insuring EVs – which already tend to be more expensive than comparable fuel-burning models – is bad news for an industry that’s exhibiting signs of a slowdown.
British drivers have to fork out twice as much to insure electric vehicles as they do for combustion-engine models, adding to hurdles to make the switch