Although electric car purchases have declined slightly since 2019, drivers worldwide remain interested in this energy-efficient transportation option, which is why insurance professionals who cater to personal lines clients should be prepared to talk EVs with current and prospective policyholders.
Lower gas prices and tax credits can sweeten the deal for consumers who are considering an electric car, but Value Penguin says that insurance for an electric car can be roughly 23% higher than coverage for traditional automobiles.
One of the most common questions consumers have when considering electric cars has to do with their range as well as the accessibility of nearby charging stations. And regardless of whether or not a car is electric, nearly all vehicle shoppers remain concerned with automobile value and style.
That’s what researchers with LawnStarter® determined when they looked at the most and least popular U.S. cities for electric car ownership in 2021. The website devoted to streamlining lawn care services deduced that some states have embraced EVs more than others.
The slideshow above reveals the best places in 2021 to own an electric car based on such factors as EV laws and incentives, average insurance premiums, and the number of charging stations per capita.
Electric car ownership exploded between 2017 and 2018, according to McKinsey. The trend has been on the decline in the U.S. since 2019, although consumers in Europe remain keen on EVs.
In the U.S., the lion’s share of EV owners reside in California, a state that may be more sensitive to climate change patterns given its increasingly ferocious annual wildfire season. Bloomberg New Energy Finance says that by 2030, there will be roughly 4 million electric cars in California, where Gov. Gavin Newsom recently signed an executive order requiring all new vehicles sold in the state to be emission-free by 2035.