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More than one out of five U.S. drivers aspire to purchase an electric vehicle (EV) when the time comes for a new car, according to Forbes.
At least some of those drivers, however, may pause on that decision once they learn that electric vehicles tend to be more expensive to insure than traditional cars and trucks. Bankrate.com says the reason for higher electric-vehicle premiums is that these coveted, sustainable automobiles are often more expensive to build and repair than traditional vehicles.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
