As the pressing need for sustainable transportation becomes more prevalent, global initiatives have been underway to promote the adoption of electric vehicles (EVs). The goals of conserving fossil fuels and building toward a net-zero emissions future have led to remarkable growth of EV usage worldwide. There has also been a lot of speculation around the change in risk profile for EVs, and any new risk is treated with caution until there is sufficient evidence to help understand the new risk profile.
This briefing, Analysis of Electric Vehicle (EV) Accidents, considers claims history for EV and ICEV (internal combustion engine vehicles) and provides analysis for frequency and severity of loss, particularly when considering variations in driver characteristics and technological factors.