The rise of electric vehicles in New Zealand's insurance market

An Insurance Business Magazine article.

As New Zealand starts to transition to a low-carbon economy, an increasing number of electric vehicles (EVs) have been hitting its streets, and insurers are already noticing the demand for EV policies shooting up rapidly.

Demand for EV insurance is also increasing globally, with the UK seeing an 80% increase in demand over the past year. Meanwhile, Canada saw a whopping 146% rise in enquiries for EV cover over the same time period, and Tower Insurance said that New Zealand is not far behind.

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