EV Insurance Market Outlook 2028 By Demand, Share, Revenue Analysis
Increasing commercialization of the EV industry and the development of new EV insurance products and services are factors driving the global EV Insurance market in the forecast period 2024-2028. According to TechSci Research report, “ Global EV Insurance Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global EV Insurance Market stood at USD 53.34 billion in 2022 and is anticipated to grow with a CAGR of 15.38% in the forecast period, 2024-2028. Global EV insurance is an evolving sector within the insurance industry, shaped by the rapid growth of electric vehicles (EVs) worldwide. Insurers are adapting to the unique risks and needs of EV owners, offering specialized coverage for components like batteries and charging equipment. Innovative policies, including usage-based insurance and incentives for eco-friendly driving, promote sustainability and responsible behavior among policyholders. Insurers are forming partnerships with automakers ...