
You can buy an EV in China. But can you afford to insure it?
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Challenges and Changes in EV Insurance in China
This chapter explores the surge of electric vehicles in China's ride-hailing market, revealing that 87% of new vehicles in 2023 are EVs. It addresses the challenges faced by insurers concerning the higher costs and complexities of repairing EVs, and investigates the evolving landscape of EV insurance and its anticipated growth.
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