Why EVs cost more than ICE vehicles to repair and insure

EV Crash — A number of factors can make collision damage to EVs more expensive to repair than for ICE vehicles. EVs are more likely to be fixed than written off — driving up the average cost — and there’s little supply of lower priced aftermarket and salvage parts. (ANGEL GRAUR/Getty Images/iStockphoto)

September 29, 2023 01:25 PM

The transition to electric vehicles is not without complications, including higher repair costs for collision-damaged EVs, and stiffer insurance premiums.

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