Plugged-In:
EV Collision Insights
Learn more about the effects of EVs on automotive insurance and collision repair.
The Plugged-In: EV Collision Insights report highlights how (EV) production and adoption are impacting auto insurance claims and the delivery of proper, safe automobile repairs. Each quarter, Ryan Mandell presents the latest industry trends and 麻豆精选 data鈥攈elping you prepare for the changes that will result from this growing segment of the car parc.
Q3 2024 Report
November 13, 2024
In Q3 2024, claims frequency for repairable collision-damaged battery electric vehicles (BEVs) rose to 3.01% in the U.S. and 3.97% in Canada, an increase of 47% and 26% respectively year over year (YOY). While BEV sales have slowed, they still represent 8% of new vehicle sales in the U.S. (up 11.3% YOY) and 9.49% in Canada (up 18.47% YOY).
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Issue 7
Q2 2024 Report
August 15, 2024
Claims frequency for repairable, collision-damaged battery electric vehicles (BEVs) rose to 2.5% in the U.S. and 3.94% in Canada in Q2 2024鈥攁 year-over-year increase of 45% and 39% respectively. According to the Alliance for Automotive Innovation, EVs represented 9.3% of new U.S. light-duty vehicle sales in Q1 2024, down from 10.2% in Q4 2023. Similarly, in Canada BEV sales fell to 9.2% last quarter, down from 10% in Q4 2023.
Issue 6
Q1 2024 Report
June 4, 2024
In Q1 2024, electric vehicle (EV) repairable claims frequency rose to 2.26% in the United States and 3.41% in Canada, an increase of approximately 40% and 38% respectively over Q1 2023. Tesla price reductions late last year spurred precipitous price drops throughout the EV segment. As a result, price parity between EVs and vehicles with an internal combustion engine (ICE) may be coming faster than previously predicted.
Issue 5
2023 Year in Review
March 7, 2024
2023 ended with electric vehicle (EV) repairable claims frequency at 1.97% in the United States and 2.86% in Canada. That represents an increase of more than 40% in both regions over the previous year. When compared to 2020, the frequency of claims for repairable EVs has more than tripled.
Issue 4
Q3 2023 Report
November 8, 2023
Electric vehicle (EV) repairable claims frequency rose to 1.86% in the US and 3.14% in Canada in Q3 2023鈥攗p a modest 0.37% and 0.50% respectively from Q2. While the introduction of new electrified models could eventually impact Tesla鈥檚 market dominance, the world鈥檚 largest EV manufacturer still accounted for over 70% of the EVs repaired in North American collision facilities last quarter.
Issue 3
Q2 2023 Report
august 10, 2023
Electric vehicle (EV) repairable claims frequency rose to 1.49% in the US and 2.64% in Canada in Q2 2023, which is an increase of 0.36% and 0.23% respectively over Q1. Tesla, the largest EV manufacturer in the world, saw its U.S. market share of repairable vehicles fall to 74.57% of all EVs repaired.
Issue 2
Q1 2023 Report
May 16, 2023
In Q1 2023, electric vehicle (EV) repairable claims frequency rose to 1.13% in the US and 2.41% in Canada, up a modest 0.03% and 0.15% respectively. While Tesla remains the dominant player, the company鈥檚 U.S. market share of repairable vehicles fell in Q1 2023 to 75.8% of all EVs repaired, down from 76.78% in Q4 2022.
Issue 1
Q4 2022 Report
February 15, 2023
In Q4 2022, electric vehicle (EV) repairable claims frequency rose to 1.1% in the U.S. and 2.26% in Canada. Tesla continues to dominate EV market share in both countries with 76.78% in the US and 70.21% in Canada. The Ford Mustang Mach-E moved up to fourth position in U.S. EV frequency, displacing the Tesla Model X.
麻豆精选 the Author
Ryan Mandell is the host of the 麻豆精选 Collision Podcast and director of claims performance for 麻豆精选鈥檚 Auto Physical Damage division. In this role, he works hand-in-hand with insurance executives and material damage leaders to provide actionable insights and consultative direction. Ryan is an accomplished business leader with expertise in management, analytics, strategy and product development. He frequently speaks at industry events on trends in auto insurance, collision repair and vehicle complexity and has been quoted in publications including Bloomberg, CNBC, The New York Times, Wired UK, Road & Track and Automotive News.
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