EV Insurance Premiums in the UK Surge Compared to Conventional Car Coverage ...Middle East

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EV Insurance Premiums in the UK Surge Compared to Conventional Car Coverage
source : OILPRICE ( Middle East ) () 35
Insurance premiums for electric vehicles (EVs) have surged in the UK in the past year to cost twice as much as coverage for gasoline and diesel-fueled cars, according to data from UK insurance broker Howden Group Holdings cited by Bloomberg. The premiums that EV owners pay have been rising faster than those for conventional internal combustion engine (ICE) cars, which has narrowed the pool of potential buyers who can afford the cost of having an electric vehicle. This could also pose a challenge to government plans for a faster adoption of EVs.…

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