In contrast to fuel-fired vehicles, new energy vehicle insurance is specifically labeled to include "fire and burn" liability in case of an accident. The insurance mainly includes new energy vehicle damage insurance, new energy vehicle third party liability insurance, and new energy vehicle occupant liability insurance.
As EV adoption surges, insurers are venturing into new frontiers like battery life insurance, which protects against degradation and replacement costs, and cybersecurity insurance, which mitigates risks associated with hacking connected vehicles.
As China leads the EV boom, innovative insurance models are reshaping the industry, says Zhang Lei, CEO at Cheche Group. China’s unparalleled leadership in the electric vehicle (EV) market is bringing about more than just environmental benefits – it’s fundamentally transforming the auto insurance industry.
Insurance technology providers like Cheche Group foster a vibrant environment for developing bespoke plans that adjust premiums dynamically based on EV autonomous driving features and provide a fully transparent selection of quotations. The wealth of real-time data is ushering in an era of hyper-personalized insurance premiums.
In the first half of this year, new energy vehicle registrations accounted for 7.80 percent of new vehicle registrations. S&P expects China's new energy vehicle sales to continue to rise
The depreciation coefficient for plug-in hybrid and fuel cell new energy vehicles is not differentiated by vehicle price, but is 0.63 percent per month. By the end of June, China's new energy vehicle fleet stood at 6.03 million, accounting for 2.06 percent of the total number of vehicles, according to the Traffic Administration Bureau.
Article 6 of the New Energy Vehicle Loss Insurance points out that during the insurance period, the insured or the insured new energy vehicle driver (hereinafter referred to …
The technological standards for new energy vehicle industry in China are not consistent and perfect as different automotive companies adopt different production …
Electric vehicle (EV) sales are forecast to grow 30% annually up to 2030, and the market for EV insurance is growing rapidly with it. Estimates place the global market size …
BEIJING, Dec. 19 (Xinhua) -- The Insurance Association of China has released insurance clauses tailor-made for new energy vehicles (NEVs). Besides traditional traffic accidents, NEVs face …
The lack of insurance provisions specifically for new energy vehicles (NEVs), a factor that has deterred some from purchasing such vehicles, is going to be eliminated. After …
As EV adoption surges, insurers are venturing into new frontiers like battery life insurance, which protects against degradation and replacement costs, and cybersecurity …
The Battery Network has learned that the new energy vehicles referred to in the New Energy vehicle Model clauses (trial) refer to vehicles that use new power systems …
The Battery Network has learned that the new energy vehicles referred to in the New Energy vehicle Model clauses (trial) refer to vehicles that use new power systems …
The clause introduces a number of additional insurance policies exclusive to new energy vehicles, including external grid failure loss insurance, self-use charging pile loss insurance, self-use charging pile liability insurance, …
New energy vehicles (NEVs) are considered to ease energy and environmental pressures. China actively formulates the implementation of NEVs development plans to …
Power batteries are the core of new energy vehicles, especially pure electric vehicles. Owing to the rapid development of the new energy vehicle industry in recent years, …
Replacement of new energy vehicles (NEVs) i.e., electric vehicles (EVs) and renewable energy sources by traditional vehicles i.e., ... Life cycle prediction assessment of …
The diffusion of new energy vehicles (NEVs), such as battery electric vehicles (BEVs) and fuel cell vehicles (FCVs), is critical to the transportation sector''s deep decarbonization.
Battery life is one of the biggest concerns for (potential) electric vehicle owners. Could you give us a brief overview of the potential risks introduced by lithium-ion batteries? Yes, battery life …
566 G. Ruan et al. 2. Research status at home and abroad 2.1. Degree of research on the safety of new energy battery packs In the history of research on automobile power battery packs, …
With the rapid advancement of battery technology and the demand for environmental sustainability, new energy vehicles (NEVs) are becoming more and more popular. This research paper delves into the impact …
Road Accidents: The insurer will provide coverage for loss or damage coming out of a road accident.; Replacement & Repairing: The insurer will pay for the replacement and repairing of …
The Chinese government''s New Energy Vehicle Industry Development Plan (2021-2035) outlines an equally ambitious plan focusing on battery energy vehicles (BEVs). …
Besides traditional traffic accidents, NEVs face new risks including battery fires, demanding innovation in insurance service, the association said, adding that the …
The clause introduces a number of additional insurance policies exclusive to new energy vehicles, including external grid failure loss insurance, self-use charging pile loss …
The Chinese government''s New Energy Vehicle Industry Development Plan (2021-2035) outlines an equally ambitious plan focusing on battery energy vehicles (BEVs). According to the China Association of …
With the continuous improvement of environmental awareness and the rapid development of technology. New energy vehicles have become a popular choice for modern travel. New …
On December 14, the China Insurance Industry Association officially released the "Exclusive Clauses for Commercial Insurance of New Energy Vehicles (Trial)", which has …