Why do EVs cost more to insure than hybrids in 2024?
Baua Electric
JUNE 19, 2024
As more data rolls in from the insurance industry, an unfortunate trend has persisted for electric vehicles: They cost more to insure. 2022 Rivian R1T IIHS crash testing As Consumer Reports found last year, EV insurance costs hundreds of dollars more annually versus comparable gasoline models—hybrids included.
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