Surging UK insurance premiums for electric vehicles pose a risk to their widespread adoption, analysts have warned.
Some providers have become hesitant to offer cover for battery-powered cars due to the difficulties in underwriting the cost of replacement or repair of their components, exacerbated by a shortage of specialist technicians.
These factors have added extra challenges for insurers in a market where the wider inflationary pressures have driven the price of motor insurance for all vehicles to an all-time high.
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