Keyword
electric vehicle
Are your clients concerned about electric vehicle insurance costs?
January 31, 2024 by Jason ContantConsumer 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 LowestRates.ca. While 43% of polled Ontario drivers said they were considering making an EV…
Why claims frequency is trending for electric vehicles
May 16, 2023 by Jason ContantRepairable 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…
Which policyholders want EVs — and why it will cost them more in premiums
December 15, 2022 Alyssa Di SabatinoCanadian 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…
Delays for new hybrid, electric cars reach years – not months – amid supply crunch
November 14, 2022 Brett Bundale - THE CANADIAN PRESSWhen 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…
How supply chain is leading to repair challenges for electric vehicles
November 3, 2022 by Alyssa DiSabatinoThe 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,…
Are electric vehicles cheaper to insure?
October 18, 2022 by Jason ContantInsuring 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…
Ontario cheers U.S. bill proposing EV tax credits, but still no local incentives
August 22, 2022 Holly McKenzie-Sutter THE CANADIAN PRESSPlans 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…
Unifor calls for national auto strategy, dedicated ministry to capture EV potential
August 12, 2022 Ian Bickis - THE CANADIAN PRESSTORONTO – 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…
Territory working to develop electric vehicle-charging corridor
August 2, 2022 Emily Blake - THE CANADIAN PRESSYELLOWKNIFE – 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…
Consumers increasingly concerned with EV insurance
July 28, 2022 by Alyssa DiSabatinoCanadians 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…
Will electric vehicles increase the severity of motor vehicle injuries?
September 12, 2021 by Jason ContantOccupants 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…
Feds says all new cars, light-duty trucks will be zero-emission vehicles by 2035
June 29, 2021 Stephanie Taylor - THE CANADIAN PRESSOTTAWA – 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…