What challenges are Electric Vehicles posing to the Insurance sector?

By GlobalData

The global electric vehicle (EV) market is expected to grow ten-fold from $49 billion in 2020 to over $500 billion in 2033. However, the global rise in popularity of EVs is providing challenges for the Insurance sector due to this being a relatively new, unknown, and rapidly evolving technology. GlobalData’s Electric Vehicles and the Future of Motor Insurance free report focuses on the development of motor insurance policies that provide cover for electric vehicles and the corresponding challenges for insurers. The report looks at the potential size of EV insurance markets in three primary regions of EV uptake – these being Europe, North America, and Asia. This allows you to identify where the most profitable markets are expected to emerge. This reports key findings include:

Forecasting of the global EV market size from 2020-2033
Challenges facing insurers regarding supply chains, repair networks, and charging stations
Details on leading insurers in the top markets and their strategic partnerships
Competitive outlook by benchmarking companies such as Tesla, Toyota, and Volkswagen

Understand the challenges electric vehicles pose to the broader Insurance market. Download the report now.

Enter your details below to view the free Report

By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their Privacy Policy

Visit our Privacy Policy for more information about our services, how GlobalData may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.