TLDRs; Chinese insurers lost $802M on EV policies in 2024, with repair costs and claims outstripping premiums. EV owners, often younger, file claims nearly twice as often as gasoline car drivers, driving up insurer losses. Regulators are pushing new rules for data sharing, standard policies, and repair cost reductions to ease the crisis. Automakers like [...] The post EV Insurance Market in China Faces $802M Deficit appeared first on Parameter.
