"UK Insurers' Bias Against Chinese Electric Cars: A Hidden Cost for Drivers? Research has uncovered a concerning trend among UK insurers, who are more likely to charge higher premiums or even refuse to cover certain hybrid and electric vehicles (EVs) from China. Despite some Chinese-made EVs offering significant cost savings to drivers, the study suggests that these vehicles may be less appealing to insurers due to concerns over their safety, reliability, or manufacturing quality. As a result, drivers who opt for these eco-friendly cars may find themselves with limited insurance options, making their purchase decision even more complicated. With the UK government pushing for a greener transportation sector, this bias could have significant implications for the adoption of electric vehicles in the country."
Firms do not offer cover for some models, or charge more than for equivalent petrol cars, research findsUK insurers are more hesitant to cover some hybrid and electric vehicles (EVs) from China than cars from other countries, research suggests.While some drivers can save money by buying cars made in China, they may have more limited options to get insurance than those buying electric, hybrid and petrol cars from Europe, the US and South Korea. Continue reading...
