Scarce parts availability and a lack of repair procedures are driving up the rates to insure Chinese EVs.
Chinese vehicles may be a hot-button issue in the United States, but they're already taking root in Europe. Automakers BYD, Great Wall Motors, MG, and more have attracted buyers due to pricing, value, and surprisingly good quality, but not all that glitters is gold. But reports from several sources allege that the high insurance costs of new Chinese EVs are scaring off some price-conscious buyers, and the reasons why aren't surprising.
In other cases, repairs that would be somewhat routine on any typical European or Japanese brand, have straight-up totaled out a Chinese car. That’s not great news for the insurance rates of Chinese EV models. Thus, some insurance companies are simply opting not to insure these vehicles at all. When drivers can find insurance, the quotes are far more expensive than a typical gas-powered vehicle of the same size and prestige.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
High Insurance Costs On Chinese EVs Are Scaring Away UK BuyersScarce parts availability and a lack of repair procedures are driving up the rates to insure Chinese EVs.
Weiterlesen »
28 Stylish Things Under $30 With Great ReviewsProof high style and high ratings don't have to come with a high price tag.
Weiterlesen »
Raimondo says it's 'possible' for Chinese EVs to one day be on U.S. roadsChinese electric cars can one day drive on U.S. roads if there are enough government controls on software and sensors, U.S. Commerce Secretary Gina Raimondo told CNBC.
Weiterlesen »
Mercedes Boss Pleads With EU To Reduce, Not Increase, Tariffs On Chinese EVsThe executive does not believe in protectionism and says his company did not ask for the probe
Weiterlesen »
Tariffs Aren’t Enough To Save U.S. Manufacturers From Chinese EVsClean Tech News & Views: EVs, Solar Energy, Batteries
Weiterlesen »
UK promises ‘robust measures’ on Chinese EVsSecretary of state for transport Mark Harper said plans revolve around creating a level playing field
Weiterlesen »