21 Nov 2023

Overseas insurers reconsidering cover for EVs

From Afternoons, 1:15 pm on 21 November 2023

The lure of investing in an EV is starting making more financial sense for many motorists as the price of petrol keeps going up and congestion charges for Auckland drivers nearing reality.

But there's been some alarming research on the electric and hybrid vehicles around the world, with insurers reconsidering whether they will cover them due to the cost of repairs and the increased fire risk in lithium ion batters.

Kevin Norquay from Stuff who has been looking at the potential pit falls of EV ownership and what the overseas experiences could mean for us. Kevin speaks to Jesse.

Transport Minister Simon Bridges announced a package in May last year to encourage a widespread switch to electric cars.

Transport Minister Simon Bridges announced a package in May last year to encourage a widespread switch to electric cars. Photo: 123RF