Claims rebound in Q3 from Q2 in the U.S. just as expiring government tax incentives prompted record-breaking sales.
Posts tagged as “bevs”
OEM parts remain more frequently used in EV repairs with 83% of the parts dollars represented on estimates versus 63% of parts for ICE alternatives.
Insurers will need to collaborate closely with suppliers and collision repair partners to navigate tariff complexities and prepare for future uncertainty.
New report provides overview of the most notable annual trends in BEV, mild hybrid electric vehicle and plug-in hybrid EV claims.
Lack of appeal of EVs for many pre-owned buyers will boost the long-term internal combustion engine aftermarket into "Golden Age."
As sales of hybrids and EVs have grown over the years, a question faces the industry: where do these buyers go next when returning to market?
Mild hybrids, however, are remarkably similar to gasoline-only powered automobiles when it comes to claims severity.
