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2024

The impact of electric vehicles on car insurance policies

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Mumbai (Maharashtra) [India], October 11: Zurich Kotak General Insurance, an insurer in India highlights the impact of electric vehicles on car insurance policies. The automotive industry is witnessing a significant transformation with the growing adoption of electric vehicles (EVs) in India. Electric vehicles are becoming an attractive option for many car buyers in today's world as consumers becoming increasingly environmentally conscious. However, this shift is also having a great impact on the car insurance industry, bringing about changes in risk assessment, coverage plans and premium calculations.