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22 Mar 2024

Costly repairs could mean higher premiums for EV drivers: report

Author: admintech | Filed under: Finance/ Money
A man is pictured in front of his car parked in the driveway.

A couple in Ontario’s Niagara Region are worried their insurance premiums will go up following a long and expensive ordeal to repair their damaged EV. A recent report by credit rating agency Morningstar DBRS says a higher uptake of electric vehicles could lead to higher insurance premiums.