Market Overview Of The Electric Vehicle Insurance Market
The global market for Electric Vehicle Insurance estimated at USD 61.10 Billion in 2022 is projected to reach a revised size of USD 285.05 Billion by 2030, growing at a CAGR of 21.23% over the period 2023-2030.
Electric vehicle insurance is a type of motor insurance referred to as a legal contract between the electric car owner and the insurer. Through this contract, electric vehicle owners protect their vehicles from several potential damage and losses. This damage occurs due to natural calamities, accidents, theft of the vehicle, or fire. In recent years, electric cars are becoming popular thus electric vehicle insurance buyers are also increasing. The electric vehicle insurance also provides financial insurance for the purchase of the new electric vehicle. Owing to the higher cost of the batteries, and limited repair networks, electric vehicles becoming more expensive, thus the high cost required for the replacement or repair of any part of the electric vehicle. Electric vehicle insurance offers financial support with other various benefits such as quick damage recovery, and insurers paying for repairing or replacement of the damaged part, they also provide coverage for loss or damaged vehicles in road accidents. The growing concern about global warming governments supports the use of electrical vehicles. They also support insurance-providing companies. Most people prefer electric vehicles over vehicles which are run on fuel because fuel prices rising continuously in recent years. By considering the growing demand for electric vehicles, several insurance providers have engaged in launching electric vehicle-specific insurance product that helps the growth of the market.
Market Dynamics And Factors Of The Electric Vehicle Insurance Market
Drivers:
- Growth in Demand For Electric Vehicle
Restraints:
- Electric Vehicle Insurance Premiums are High
Opportunities:
- Insurance Companies Focused on Development Of the Various Policies
Key Industry Developments In The Electric Vehicle Insurance Market
In October 2022, Large insurers, such as Bajaj Allianz General and HDFC ERGO announced that they will offer specialized services for electric cars as also information to prospective electric car buyers. They will focus on protection aspect.
COVID-19 Impact On The Electric Vehicle Insurance Market
During Covid-19 the demand for electrical vehicles significantly dropped. The fear of the spread of the virus decreased outdoor activities. The outbreak of the covid-19 pandemic has had adverse effects on the automotive industries around the world. The pandemic disrupted the supply chain and stopped the manufacturing facility. Due to the government traveling restriction and increasing cost of raw materials the supply chain had disturbed while lack of the labor and the social distancing rule of the government, and the manufacturing of electric vehicles had stopped. With the increased spread and the strict government regulations, people around the globe faced financial problems that reduced the sale of electric vehicles. Henceforth the covid-19 negatively impacted the Electric vehicle insurance market.
Key Players For The Electric Vehicle Insurance Market
- Allianz
- Allstate
- Aviva
- AXA
- Direct Line
- Ford
- General Motors
- Hyundai
- Mercedes-Benz
- Ping An Insurance
- Stellantis
- Tesla
- Toyota
- Travelers
- Volkswagen
- Zurich Insurance
- Zhejiang Geely
Global Electric Vehicle Insurance Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data : |
2017 to 2021 |
Market Size in 2021: |
USD 61.10 Bn. |
Forecast Period 2023-30 CAGR: |
21.23% |
Market Size in 2028: |
USD 285.05 Bn. |
Segments Covered: |
By Insurance Plan |
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By Vehicle Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Insurance Plan
3.2 By Vehicle Type
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Electric Vehicle Insurance Market by Insurance Plan
5.1 Electric Vehicle Insurance Market Overview Snapshot and Growth Engine
5.2 Electric Vehicle Insurance Market Overview
5.3 Third Party Plan
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Third Party Plan: Geographic Segmentation
5.4 Comprehensive Plan
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Comprehensive Plan: Geographic Segmentation
5.5 Zero Depreciation Plan
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Zero Depreciation Plan: Geographic Segmentation
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Geographic Segmentation
Chapter 6: Electric Vehicle Insurance Market by Vehicle Type
6.1 Electric Vehicle Insurance Market Overview Snapshot and Growth Engine
6.2 Electric Vehicle Insurance Market Overview
6.3 2 & 3-Wheeler
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 2 & 3-Wheeler: Geographic Segmentation
6.4 Passenger Car
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Passenger Car: Geographic Segmentation
6.5 Light Commercial Vehicle (LCV)
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Light Commercial Vehicle (LCV): Geographic Segmentation
6.6 Heavy Commercial Vehicle (HCV)
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Heavy Commercial Vehicle (HCV): Geographic Segmentation
6.7 Others
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2016-2028F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Others: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Electric Vehicle Insurance Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Electric Vehicle Insurance Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Electric Vehicle Insurance Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 ALLIANZ
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 ALLSTATE
7.4 AVIVA
7.5 AXA
7.6 DIRECT LINE
7.7 FORD
7.8 GENERAL MOTORS
7.9 HYUNDAI
7.10 MERCEDES-BENZ
7.11 PING AN INSURANCE
7.12 STELLANTIS
7.13 TESLA
7.14 TOYOTA
7.15 TRAVELERS
7.16 VOLKSWAGEN
7.17 ZURICH INSURANCE
7.18 ZHEJIANG GEELY
7.19 OTHER MAJOR PLAYERS
Chapter 8: Global Electric Vehicle Insurance Market Analysis, Insights and Forecast, 2016-2028
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Insurance Plan
8.2.1 Third Party Plan
8.2.2 Comprehensive Plan
8.2.3 Zero Depreciation Plan
8.2.4 Others
8.3 Historic and Forecasted Market Size By Vehicle Type
8.3.1 2 & 3-Wheeler
8.3.2 Passenger Car
8.3.3 Light Commercial Vehicle (LCV)
8.3.4 Heavy Commercial Vehicle (HCV)
8.3.5 Others
Chapter 9: North America Electric Vehicle Insurance Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Insurance Plan
9.4.1 Third Party Plan
9.4.2 Comprehensive Plan
9.4.3 Zero Depreciation Plan
9.4.4 Others
9.5 Historic and Forecasted Market Size By Vehicle Type
9.5.1 2 & 3-Wheeler
9.5.2 Passenger Car
9.5.3 Light Commercial Vehicle (LCV)
9.5.4 Heavy Commercial Vehicle (HCV)
9.5.5 Others
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Electric Vehicle Insurance Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Insurance Plan
10.4.1 Third Party Plan
10.4.2 Comprehensive Plan
10.4.3 Zero Depreciation Plan
10.4.4 Others
10.5 Historic and Forecasted Market Size By Vehicle Type
10.5.1 2 & 3-Wheeler
10.5.2 Passenger Car
10.5.3 Light Commercial Vehicle (LCV)
10.5.4 Heavy Commercial Vehicle (HCV)
10.5.5 Others
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Electric Vehicle Insurance Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Insurance Plan
11.4.1 Third Party Plan
11.4.2 Comprehensive Plan
11.4.3 Zero Depreciation Plan
11.4.4 Others
11.5 Historic and Forecasted Market Size By Vehicle Type
11.5.1 2 & 3-Wheeler
11.5.2 Passenger Car
11.5.3 Light Commercial Vehicle (LCV)
11.5.4 Heavy Commercial Vehicle (HCV)
11.5.5 Others
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Electric Vehicle Insurance Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Insurance Plan
12.4.1 Third Party Plan
12.4.2 Comprehensive Plan
12.4.3 Zero Depreciation Plan
12.4.4 Others
12.5 Historic and Forecasted Market Size By Vehicle Type
12.5.1 2 & 3-Wheeler
12.5.2 Passenger Car
12.5.3 Light Commercial Vehicle (LCV)
12.5.4 Heavy Commercial Vehicle (HCV)
12.5.5 Others
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Electric Vehicle Insurance Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Insurance Plan
13.4.1 Third Party Plan
13.4.2 Comprehensive Plan
13.4.3 Zero Depreciation Plan
13.4.4 Others
13.5 Historic and Forecasted Market Size By Vehicle Type
13.5.1 2 & 3-Wheeler
13.5.2 Passenger Car
13.5.3 Light Commercial Vehicle (LCV)
13.5.4 Heavy Commercial Vehicle (HCV)
13.5.5 Others
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Electric Vehicle Insurance Market |
|||
Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data : |
2017 to 2021 |
Market Size in 2021: |
USD 61.10 Bn. |
Forecast Period 2023-30 CAGR: |
21.23% |
Market Size in 2028: |
USD 285.05 Bn. |
Segments Covered: |
By Insurance Plan |
|
|
By Vehicle Type |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC VEHICLE INSURANCE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC VEHICLE INSURANCE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC VEHICLE INSURANCE MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC VEHICLE INSURANCE MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC VEHICLE INSURANCE MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC VEHICLE INSURANCE MARKET BY INSURANCE PLAN
TABLE 008. THIRD PARTY PLAN MARKET OVERVIEW (2016-2028)
TABLE 009. COMPREHENSIVE PLAN MARKET OVERVIEW (2016-2028)
TABLE 010. ZERO DEPRECIATION PLAN MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. ELECTRIC VEHICLE INSURANCE MARKET BY VEHICLE TYPE
TABLE 013. 2 & 3-WHEELER MARKET OVERVIEW (2016-2028)
TABLE 014. PASSENGER CAR MARKET OVERVIEW (2016-2028)
TABLE 015. LIGHT COMMERCIAL VEHICLE (LCV) MARKET OVERVIEW (2016-2028)
TABLE 016. HEAVY COMMERCIAL VEHICLE (HCV) MARKET OVERVIEW (2016-2028)
TABLE 017. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 018. NORTH AMERICA ELECTRIC VEHICLE INSURANCE MARKET, BY INSURANCE PLAN (2016-2028)
TABLE 019. NORTH AMERICA ELECTRIC VEHICLE INSURANCE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 020. N ELECTRIC VEHICLE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE ELECTRIC VEHICLE INSURANCE MARKET, BY INSURANCE PLAN (2016-2028)
TABLE 022. EUROPE ELECTRIC VEHICLE INSURANCE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 023. ELECTRIC VEHICLE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 024. ASIA PACIFIC ELECTRIC VEHICLE INSURANCE MARKET, BY INSURANCE PLAN (2016-2028)
TABLE 025. ASIA PACIFIC ELECTRIC VEHICLE INSURANCE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 026. ELECTRIC VEHICLE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA ELECTRIC VEHICLE INSURANCE MARKET, BY INSURANCE PLAN (2016-2028)
TABLE 028. MIDDLE EAST & AFRICA ELECTRIC VEHICLE INSURANCE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 029. ELECTRIC VEHICLE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 030. SOUTH AMERICA ELECTRIC VEHICLE INSURANCE MARKET, BY INSURANCE PLAN (2016-2028)
TABLE 031. SOUTH AMERICA ELECTRIC VEHICLE INSURANCE MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 032. ELECTRIC VEHICLE INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 033. ALLIANZ: SNAPSHOT
TABLE 034. ALLIANZ: BUSINESS PERFORMANCE
TABLE 035. ALLIANZ: PRODUCT PORTFOLIO
TABLE 036. ALLIANZ: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. ALLSTATE: SNAPSHOT
TABLE 037. ALLSTATE: BUSINESS PERFORMANCE
TABLE 038. ALLSTATE: PRODUCT PORTFOLIO
TABLE 039. ALLSTATE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. AVIVA: SNAPSHOT
TABLE 040. AVIVA: BUSINESS PERFORMANCE
TABLE 041. AVIVA: PRODUCT PORTFOLIO
TABLE 042. AVIVA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. AXA: SNAPSHOT
TABLE 043. AXA: BUSINESS PERFORMANCE
TABLE 044. AXA: PRODUCT PORTFOLIO
TABLE 045. AXA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. DIRECT LINE: SNAPSHOT
TABLE 046. DIRECT LINE: BUSINESS PERFORMANCE
TABLE 047. DIRECT LINE: PRODUCT PORTFOLIO
TABLE 048. DIRECT LINE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. FORD: SNAPSHOT
TABLE 049. FORD: BUSINESS PERFORMANCE
TABLE 050. FORD: PRODUCT PORTFOLIO
TABLE 051. FORD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. GENERAL MOTORS: SNAPSHOT
TABLE 052. GENERAL MOTORS: BUSINESS PERFORMANCE
TABLE 053. GENERAL MOTORS: PRODUCT PORTFOLIO
TABLE 054. GENERAL MOTORS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. HYUNDAI: SNAPSHOT
TABLE 055. HYUNDAI: BUSINESS PERFORMANCE
TABLE 056. HYUNDAI: PRODUCT PORTFOLIO
TABLE 057. HYUNDAI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. MERCEDES-BENZ: SNAPSHOT
TABLE 058. MERCEDES-BENZ: BUSINESS PERFORMANCE
TABLE 059. MERCEDES-BENZ: PRODUCT PORTFOLIO
TABLE 060. MERCEDES-BENZ: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. PING AN INSURANCE: SNAPSHOT
TABLE 061. PING AN INSURANCE: BUSINESS PERFORMANCE
TABLE 062. PING AN INSURANCE: PRODUCT PORTFOLIO
TABLE 063. PING AN INSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. STELLANTIS: SNAPSHOT
TABLE 064. STELLANTIS: BUSINESS PERFORMANCE
TABLE 065. STELLANTIS: PRODUCT PORTFOLIO
TABLE 066. STELLANTIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. TESLA: SNAPSHOT
TABLE 067. TESLA: BUSINESS PERFORMANCE
TABLE 068. TESLA: PRODUCT PORTFOLIO
TABLE 069. TESLA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. TOYOTA: SNAPSHOT
TABLE 070. TOYOTA: BUSINESS PERFORMANCE
TABLE 071. TOYOTA: PRODUCT PORTFOLIO
TABLE 072. TOYOTA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. TRAVELERS: SNAPSHOT
TABLE 073. TRAVELERS: BUSINESS PERFORMANCE
TABLE 074. TRAVELERS: PRODUCT PORTFOLIO
TABLE 075. TRAVELERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. VOLKSWAGEN: SNAPSHOT
TABLE 076. VOLKSWAGEN: BUSINESS PERFORMANCE
TABLE 077. VOLKSWAGEN: PRODUCT PORTFOLIO
TABLE 078. VOLKSWAGEN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. ZURICH INSURANCE: SNAPSHOT
TABLE 079. ZURICH INSURANCE: BUSINESS PERFORMANCE
TABLE 080. ZURICH INSURANCE: PRODUCT PORTFOLIO
TABLE 081. ZURICH INSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. ZHEJIANG GEELY: SNAPSHOT
TABLE 082. ZHEJIANG GEELY: BUSINESS PERFORMANCE
TABLE 083. ZHEJIANG GEELY: PRODUCT PORTFOLIO
TABLE 084. ZHEJIANG GEELY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 085. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 086. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 087. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC VEHICLE INSURANCE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC VEHICLE INSURANCE MARKET OVERVIEW BY INSURANCE PLAN
FIGURE 012. THIRD PARTY PLAN MARKET OVERVIEW (2016-2028)
FIGURE 013. COMPREHENSIVE PLAN MARKET OVERVIEW (2016-2028)
FIGURE 014. ZERO DEPRECIATION PLAN MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. ELECTRIC VEHICLE INSURANCE MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 017. 2 & 3-WHEELER MARKET OVERVIEW (2016-2028)
FIGURE 018. PASSENGER CAR MARKET OVERVIEW (2016-2028)
FIGURE 019. LIGHT COMMERCIAL VEHICLE (LCV) MARKET OVERVIEW (2016-2028)
FIGURE 020. HEAVY COMMERCIAL VEHICLE (HCV) MARKET OVERVIEW (2016-2028)
FIGURE 021. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 022. NORTH AMERICA ELECTRIC VEHICLE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. EUROPE ELECTRIC VEHICLE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. ASIA PACIFIC ELECTRIC VEHICLE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. MIDDLE EAST & AFRICA ELECTRIC VEHICLE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. SOUTH AMERICA ELECTRIC VEHICLE INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Electric Vehicle Insurance Market research report is 2023-2030.
Allianz, Allstate, Aviva, AXA, Direct Line, Ford, General Motors, Hyundai, Mercedes-Benz, Ping An Insurance, Stellantis, Tesla, Toyota, Travelers, Volkswagen, Zurich Insurance, Zhejiang Geely, and other major players.
The Electric Vehicle Insurance Market is segmented into Insurance Plan, Vehicle Type, and region. By Insurance Plan, the market is categorized into Third Party Plan, Comprehensive Plan, Zero Depreciation Plan, Others. By Vehicle Type, the market is categorized into 2 & 3-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
Electric vehicle insurance is a type of motor insurance referred to as a legal contract between the electric car owner and the insurer. Through this contract, electric vehicle owners protect their vehicles from several potential damage and losses. This damage occurs due to natural calamities, accidents, theft of the vehicle, or fire. In recent years, electric cars are becoming popular thus electric vehicle insurance buyers are also increasing.
The global market for Electric Vehicle Insurance estimated at USD 61.10 Billion in 2022 is projected to reach a revised size of USD 285.05 Billion by 2030, growing at a CAGR of 21.23% over the period 2023-2030.