The logical follow on from this is that EV owners should have cheaper car insurance. With far fewer moving parts they will also have much cheaper maintenance costs. Added to that EVs are cheaper to buy. China has reached the point where 50% of new car sales are EVs much quicker than anyone expected. Most people thought that was years away, but we’re already there. How soon before people start talking about a “death spiral” when it comes to gasoline cars?
Relevant Data
Per 1,000 vehicles of 3 year old cars
ICE 6.4
BEV 2.8
The ADAC even noted a growing lead for electric cars in recent years. The analysis was based on the more than 3.5 million call-outs made by ADAC breakdown services last year