As the automotive industry accelerates towards sustainable solutions, the popularity of electric vehicles (EVs) and hybrid cars is on the rise. According to government data, as of August 2023, the number of electric vehicles registered in India this year has reached 847,439. With the government providing various incentives, this number is set to rise.
Many insurance companies are also now providing specialised policies for EVs and hybrid cars. Electric vehicle (EV) insurance is generally compared to traditional car insurance, but it has some unique features that make it different.