EV Repairs Are Now As Cheap As ICE Repairs! Here's What The Data Says

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3M ago 18:29

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In this episode of the Out of Spec Podcast, Isaiah breaks down the latest data showing that EV repair costs are now as cheap as fixing ICE cars! According to new insurance reports, the average repair bill for an electric vehicle in 2024 was nearly identical to newer ICE vehicles. We’ll dive into the numbers, discuss why total loss rates for EVs have increased, and explore what this means for EV adoption and markets.

Read the data yourself: https://www.mitchell.com/insights/article/auto-physical-damage/plugged-in-ev-collision-insights-2024-year-review

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