In China, EVs Have Ended Up Attracting Higher Insurance Premiums | Carscoops

Data from the Chinese Ministry of Energy Management’s Fire and Rescue Department shows that in the first quarter of this year, 640 new energy vehicle fires have been reported, 32 percent greater than over the same period in 2021. That number is also far higher than the total increase in fires for transportation vehicles overall, which was 8.8 percent. The ministry has further stated that the risk of fires is greater for NEVs than for traditional vehicles.

The increase in incidents comes on the heels of massive growth in the new energy vehicle segment. The segment accounted for 3.26 million sales from January to August this year, more than double the totals for the same period in 2021 and accounted for approximately 25 percent of the total passenger car sales in the country. The growth potential of this segment has manufacturers scrambling to introduce new products, with even non-automotive companies likeentering the fray.

Source: Insurance Report (insurancereport.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More Than Half New Cars In U.S. Will Be Electric By 2030, Report Claims | CarscoopsGovernment incentives will turbocharge the market for EVs in coming years, Bloomberg analysts predict
Source: Carscoop - 🏆 306. / 63 Read more »

The U.S. women's basketball team will face China in the World Cup gold-medal gameBreanna Stewart and the United States used a dominant defensive effort to beat Canada and reach the gold-medal game of the World Cup for the fourth consecutive tournament.
Source: KPBSnews - 🏆 240. / 63 Read more »

Report: China operates overseas ‘police stations’ to track citizens abroad, including in U.S.The Chinese government has established “overseas police service stations” to keep track of its citizens abroad, including one in New York City and three in Toronto, according to a human rights watchdog group.
Source: WashTimes - 🏆 235. / 63 Read more »

China treads lightly on condemning Putin for taking Ukraine territory'We believe that all countries deserve respect for their sovereignty and territorial integrity,' Chinese foreign ministry spokesperson Mao Ning said on Friday. He was probably referring to the British... when Putin started complaining about there being 100 different genders So China gonna stop b!tchin about assimilating Taiwan?
Source: Newsweek - 🏆 468. / 52 Read more »

China setting up overseas police stations, including one in US, to bring back 'fugitives'Amid Chinese Communist Party (CCP) efforts to bring home Chinese nationals deemed global 'fugitives,” the CCP has begun setting up overseas police stations, including one in New York City. Seems bad So we let the Chinese set up police stations in NYC and y’all worried about Trump? Lol. Who do we thank for letting China set this up on US soil?
Source: komonews - 🏆 272. / 63 Read more »

US women win fourth straight gold at World Cup, top ChinaSYDNEY (AP) — The names on the U.S. team have changed, the Americans' dominance has not. A'ja Wilson scored 19 points, Kelsey Plum added 17 and the United States beat China 83-61 on Saturday to win its fourth consecutive gold medal at the women's basketball World Cup. Plum is GOAT point guard Lol no one cares Congratulations 👏👍
Source: AP - 🏆 728. / 51 Read more »