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Customers choose electric vehicles over their gas- and diesel-powered counterparts for a variety of reasons, including fuel efficiency and environmental friendliness.
While purchasing an electric car may offer a number of advantages, one may also want to take into account some of the contrasts, such as purchasing electric vehicle insurance as opposed to traditional auto insurance. Understanding the best way to insure an electric car can help you save money and make sure you have the right coverage for your new purchase.
An electric vehicle typically costs more to insure than a regular car does. This is largely because electric vehicles are more expensive to buy and require more frequent repairs, especially ones with pricey technical features.
The Mexico 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.
The Zurich Group joined the EV100 project as the first insurance business, and the company’s branch in Mexico announced the acquisition of 42 hybrid vehicles for claim adjusters. Zurich México also plans to replace the whole fleet with hybrid cars.
The corporation argues that committing to this program was crucial, particularly in Mexico City, which is one of the cities in the world with the highest pollution emissions because of its vast population and desire for mobility.
For this switch to hybrid vehicles, the firm purchased Toyota Priuses and Chevrolet Beats. For Mexico City and Puebla, Zurich Mexico has acquired a total of 42 cars. Due to Mexico’s continued lack of EV charging infrastructure, the firm chose to purchase hybrid vehicles.
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