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electric vehicle

Electric vehicle charging station
News InsuranceTechnology

Are your clients concerned about electric vehicle insurance costs?

January 31, 2024 by Jason Contant

Consumer interest in electric vehicles (EVs) in Ontario appears to be waning as drivers raise concerns over costs and charging infrastructure, said a new survey from While 43% of polled Ontario drivers said they were considering making an EV

Technician working on lithium-ion rechargeable battery
News ClaimsClaims CanadaInsuranceTechnology

Why claims frequency is trending for electric vehicles

May 16, 2023 by Jason Contant

Repairable claims frequency for electric vehicles (EVs) in Canada and the U.S. continues to increase slightly with each passing quarter, albeit very slowly, according to a new report from Mitchell, an Enlyte company. EV repairable claims frequency increased 2.41% in

Man in a button-down white shirt and blue jeans holds a blue electric car charger near the charging port of a white car
News BrokersClaimsInsurance

Which policyholders want EVs — and why it will cost them more in premiums

December 15, 2022 Alyssa Di Sabatino

Canadian male policyholders are more interested in electric vehicles (EV) than female policyholders, according to a Deloitte survey — and this could affect their already pricier insurance rates, said RatesDotCa.  Of the Canadians buying a vehicle in the next three

Woman using a mobile phone while charging an electric car
News Climate ChangeInsuranceTechnology

Delays for new hybrid, electric cars reach years – not months – amid supply crunch

November 14, 2022 Brett Bundale - THE CANADIAN PRESS

When Jesse Chiasson called a car dealership last month to buy a new vehicle, he ended up paying $1,000 to be put on a waitlist instead. “The salesman was pretty vague but hinted it could be 2024 by the time

A man wearing a blue jacket and orange pants charges an electric car
News AdjustersBrokersClaimsInsurance

How supply chain is leading to repair challenges for electric vehicles

November 3, 2022 by Alyssa DiSabatino

The semiconductor chip shortage — a byproduct of the demand for advanced electric vehicle (EV) technology — has caused repair challenges for car rental services, says one expert at the Insurance Brokers Association of Ontario (IBAO) Convention in Toronto.  However,

Electric vehicle in Canada
News InsuranceTechnology

Are electric vehicles cheaper to insure?

October 18, 2022 by Jason Contant

Insuring an electric vehicle (EV) may be cheaper than a gasoline vehicle, but it depends on a multitude of factors that varies for each consumer and the vehicle they’re comparing, according to rate comparison site RatesDotCa. “Many EVs come with

News Climate ChangeTechnology

Ontario cheers U.S. bill proposing EV tax credits, but still no local incentives

August 22, 2022 Holly McKenzie-Sutter THE CANADIAN PRESS

Plans to expand a proposed U.S tax credit on electric vehicle purchases to cover North American-made cars is a boon for Ontario’s auto sector, but the province isn’t planning any buyer incentives for local drivers. Ontario’s economic development minister, Vic

Electric vehicle at a charging station
News Insurance

Unifor calls for national auto strategy, dedicated ministry to capture EV potential

August 12, 2022 Ian Bickis - THE CANADIAN PRESS

TORONTO – Unifor is calling for a national auto strategy, and a dedicated federal government ministry to lead it, at a time of “significant and uncertain change” in the industry amid the transition to electric vehicles. The recommendations are contained

An electric vehicle charging station in Yellowknife, NWT
News Insurance

Territory working to develop electric vehicle-charging corridor

August 2, 2022 Emily Blake - THE CANADIAN PRESS

YELLOWKNIFE – Electric vehicles are a rare sight in Canada’s North, with challenges such as frigid winter temperatures and limited infrastructure. The Northwest Territories is hoping to change that. The territorial government plans to develop a vehicle-charging corridor between the

A row of electric vehicles lined up beside a charging station
News BrokersInsuranceMarkets / Coverages

Consumers increasingly concerned with EV insurance

July 28, 2022 by Alyssa DiSabatino

Canadians are becoming increasingly interested in getting an electric vehicle (EV) for their next purchase on one hand, but consumers also seem concerned about the cost of insuring electric vehicles, according to data from rate comparison site My Choice.  Seventy-seven per cent

News Insurance

Will electric vehicles increase the severity of motor vehicle injuries?

September 12, 2021 by Jason Contant

Occupants in electric vehicles (EVs) and hybrid models are less likely to be injured in a crash than people in similar gas-powered vehicles, according to a new report. Lithium-ion batteries is the primary power source for today’s EVs. This means

News Insurance

Feds says all new cars, light-duty trucks will be zero-emission vehicles by 2035

June 29, 2021 Stephanie Taylor - THE CANADIAN PRESS

OTTAWA – The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric. Transport Minister Omar Alghabra announced Tuesday that by 2035 all new cars and light-duty trucks