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EV Repairs Are Getting Cheaper, But Still More Expensive Than ICE

  • Electric vehicles are becoming cheaper to repair after accidents.
  • The drop comes as more shops gain experience with EVs.
  • However, they cost 15-20% more to fix than ICE-powered vehicles.

New vehicles come with a bit of a learning curve and that’s especially true of EVs. This applies not only to owners, but also to people and companies that service them.

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Unfortunately with anything ‘new,’ costs tend to be high – at least initially. That’s particularly true when it comes to electric vehicle repairs, but prices are starting to fall.

More: EV Crash Claims Jump 38%, And Repairs Are Pricier Than Ever

According to the German Insurance Association (GDV), comprehensive insurance claims for electric vehicles were 20-25% higher than those for comparable combustion models last year. However, the average claim has now dropped to 15-20% higher than ICE-powered models.

The Deputy General Director for the GDV said, “The more electric cars there are on the road, the less their claims differ from comparable cars with combustion engines.” Anja Käfer-Rohrbach went on to explain, “A broader model range reaches a larger customer base, and workshops, towing companies, fire departments, and appraisers now have more experience with damaged electric cars.”

 EV Repairs Are Getting Cheaper, But Still More Expensive Than ICE

She said these developments are helping to drive down repair costs as EVs are becoming the “new normal.” It’s also worth noting the latest study period was from 2021-2023, so EVs are far more common today.

On that note, the GDV said there were approximately 1.65 million electric vehicles registered in Germany at the beginning of the year. That’s a fivefold increase from 2021 and EVs currently account for 3.3% of all vehicles registered in the country.

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 EV Repairs Are Getting Cheaper, But Still More Expensive Than ICE

#Repairs #Cheaper #Expensive #ICE

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