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The market for electric vehicles is expanding as gas costs increase and global awareness of the effects of climate change rises. The role of insurers in guiding their clients through the challenges and possibilities presented by electric cars is crucial.
Global efforts to promote sustainable development will shift industry attention to electric cars, combined with customer demand for more environmentally friendly transportation options. And all the above factors will push the EV insurance market to steady increase.
The change for the insurance sector is in reimagining conventional indemnity-based solutions as cutting-edge offers that assist in defending the interests of the customer—not simply their assets.
The Latin America EV Insurance Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
It’s critical that dealers have a thorough understanding of green vehicles given the rising demand for them and the outstanding examples of fully electric cars that are already on the market.
The newly introduced EVA program, which was formally introduced, pushes dealers to make sure that each of these factors—along with their maintenance abilities—meets minimal requirements in order to receive the designation of “Electric Vehicle Approved.”
The recognition of companies with expertise, capacity, and dedication to electric vehicles through the accreditation will assist to persuade more motorists to convert to a more environmentally friendly option.
EVA authorized dealers are equipped with the skills and information required to guarantee that their clients have a satisfying and informed experience when purchasing new or old plug-in vehicles. fostering customer confidence and promoting the expanding use of zero and ultra-low-emission automobiles.