We’re all aware by now that the number of electric vehicles (EVs) is expected to soar in the next few years. It’s an exciting development, providing a feasible opportunity to limit the damage done to the Earth. There are 2.5m on the roads around the world now – this is expected to rise to between 40m and 70m by 2025.
One of the key criticisms levelled at EVs until this point has been their respective ranges. This has led to many companies exploring new battery technology and squeezing every ounce of efficiency from existing technology.
This article focuses on the latest technological developments, their potential impact on the growth of the electronic vehicle market and what this means for insurance.