"The more electrified a vehicle becomes, usually the costs become higher and the systems become more complicate and interconnected," Ryan Mandell of Mitchell says. "As you remove that internal combustion engine from a vehicle, you now have things that are being accomplished solely by semiconductors and digital communications." (Credit: National Transportation Safety Board)
As electric vehicles (EVs) increasingly make up a larger share of vehicles on the road, and in turn a larger share of cars involved in accidents, the impact on repair shops and auto insurers will be indelible.
And it won't only be felt on the claims side, according to Ryan Mandell, director of claims performance for auto physical damage at Mitchell, an Enlyte company. The shift to EVs will be felt in underwriting as well, he says, adding this will impact the entire lifecycle of a policy.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
