Although government subsidies can sometimes reduce the cost, electric cars are by and large more expensive than petrol or diesel cars – at least when considering the cost to your savings, not the environment. A study by the Allianz insurance company has shown that electric cars have higher repair costs on average than combustion engines. While electric cars do not sustain more damage on average than cars with petrol or diesel engines, the repairs are nevertheless typically more expensive, the insurance company has found. The average claims expenditure for fully comprehensive insurance is 10% higher for purely electric cars, and even 50% higher for plug-in hybrids, according to Allianz. After collisions, the repair costs of pure electric cars are on average 30% more expensive.

Source: The Star September 26, 2021 00:56 UTC