With soaring fuel prices and growing awareness of the environmental impact of fossil fuels, more and more South Africans are considering the switch from internal combustion engine (ICE) cars to electric vehicles.
With annual sales in the dozens of units, electric vehicles accounted for just 0.046% of the new cars sold in South Africa in 2021. But with soaring fuel prices and growing awareness of the environmental impact of fossil fuels, more and more South Africans are considering the switch from internal combustion engine cars to electric vehicles.
Ernest North, the co-founder of the fully digital Naked Insurance platform, said there has also been a recent increase in the number of insurance quotes and policies sold on electric cars. He said an insurer takes a cluster of variables into account when pricing your car’s insurance premium. However, there may also be cases where premiums will be lower if the data shows that drivers of a particular electric vehicle model have fewer accidents because of vehicle safety features or because they are more careful drivers.
The premiums above reflect the risk profile of a typical 28- and 48-year old driver, but actual quotations can be obtained on the Naked website or mobile app.
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