Recently, during discussions with several car enthusiasts, a common complaint emerged: the insurance premiums for new energy vehicles are rising, and repair costs have become exorbitantly high. Initially, many believed that purchasing an electric vehicle would save them money on fuel, only to find themselves facing hefty insurance and maintenance expenses instead. What is driving this shift?
First, let’s address the issue of insurance premiums. Some insurance companies have categorized certain new energy models as “high-risk,” leading to premium increases of several thousand yuan. Even more frustrating for loyal customers is that many face renewal rates significantly higher than those of new buyers. This situation exemplifies the phenomenon known as “big data pricing,” where loyal customers end up paying more.
Regulatory bodies need to step in to regulate this practice. When issues are identified with specific companies, they should face strict penalties to deter such tactics.
Many people focus solely on the impressive parameters of power and range when buying a car, neglecting the subsequent costs of ownership. My cousin is a prime example. He purchased a popular electric vehicle to cut down on fuel costs, yet found that his insurance for the first year was 30% higher than that of comparable gasoline vehicles. Additionally, a minor collision resulted in over ten thousand yuan in repair costs for a single part replacement. Now, he often advises others, “Before buying a car, make sure to gather insights from current owners. Long-term costs like insurance and repairs are often more critical than the initial purchase price.”
Theoretically, advancements in technology should benefit consumers. However, the current reality shows a significant disconnect between car manufacturers, insurance companies, and consumers. Automakers are focused on promoting specifications while neglecting the convenience of after-sales services. Conversely, the insurance industry appears to be relying on “overcharging loyal customers” to maintain profits, disregarding user satisfaction. If this trend continues, the reputation of new energy vehicles will inevitably suffer.
Some individuals in my circle have already reconsidered their choices. Friends who once strongly supported new energy vehicles have reverted to gasoline cars after calculating the costs. They realized that the savings on fuel do not compensate for the rising insurance and repair costs, making each accident feel like a significant financial blow. Who would want to pay extra for so-called “smart and eco-friendly” options under these conditions?
In this ongoing struggle, there are no winners. To break the deadlock, it is essential to dismantle information barriers and re-establish industry standards. Automakers must enhance their after-sales service systems, insurance companies need to abandon unreasonable practices, and regulatory authorities should strengthen oversight. Only by genuinely allowing consumers to enjoy the benefits of technological progress can the journey of new energy vehicles advance further and more steadily. We must not let what should be a “money-saving” story turn into a “money-burning” nightmare.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/rising-insurance-and-repair-costs-spark-controversy-over-electric-vehicle-ownership/
