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Although there is currently a small market for electric cars (EVs) in South Africa, this is set to change as the government moves quickly to develop a strong local EV sector and as EV demand across the world soars.
The country may quickly transition to the electrification of private and public transportation vehicles thanks to the government’s ambitious plans to promote the sale of new energy cars and build a thriving manufacturing economy for EVs and their components.
Because they are more expensive than ordinary vehicles and require more repairs than regular automobiles, EVs would be more expensive to insure. Given that EVs will be challenging to steal and difficult to dispose of, the theft risk for one may decrease with time, but notably in the early stages of EV adoption.
The South Africa 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.
A new electric mobility solution has been included in the roadside support operations of Allianz Partners, a global leader in roadside assistance and services.
Allianz Partners will benefit from the “ev-Move” platform created by BeNomad in meeting the requirements and demands of the growing number of EV drivers.
In the case of a dead battery, ev-Move makes it simple to locate nearby, compatible charging stations. In order to guide the client or the repairman till they arrive at the charging station, the operator might then send an SMS to them immediately.
A new electric mobility solution has been integrated into Allianz Partners’ roadside help operations. Allianz Partners is a global leader in roadside assistance and services.
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