Could Rising Insurance Premiums Jeopardize The Car Industry

11/4/2024 2:05:20 PM

(MENAFN- Investor Brand Network) The recent rise in auto insurance rates could
potentially jeopardize
the vehicle industry's transition to battery electric vehicles (BEVs) before it truly begins. Even if electric cars finally become as affordable as internal combustion engine (ICE) vehicles, high insurance premiums could still discourage drivers from replacing their fossil fuel cars with EVs.

Aside from inflation, rising rates of...

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