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Electric vehicles & the future of collision claims

With more EVs expected to be on the road in the future, should insurers be concerned about potential changes to collision claims for high-tech wheels?

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“As long as technicians are following our repair procedures and safety protocols relative to electrification, those repairs should be able to be handled as they have been in the past, from a structural standpoint,” said GM’s John Eck. (Credit: Diego M. Radzinschi/ALM) “As long as technicians are following our repair procedures and safety protocols relative to electrification, those repairs should be able to be handled as they have been in the past, from a structural standpoint,” said GM’s John Eck. (Credit: Diego M. Radzinschi/ALM)

Accounting for around 2% of global car sales in 2019 and just 1% of global car stock, electric vehicles are anticipated to make up more than half of all passenger vehicle sales by 2040, according to Bloomberg. Will this shift lead to headaches for insurance professionals and collision repairers as they see more of these sophisticated vehicles?

While advanced safety systems are resulting in lower collision frequency, the cost of dealing with higher technology is becoming an issue, according to John Eck, collision manager, wholesale dealer channel for General Motors customer care and after-sales.

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Steve Hallo

Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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