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While EV Sales Slow, Insurance Claims Rise

Brake & Front End

Although BEV sales have slowed in 2024, sales of mild and plug-in hybrid automobiles remain strong,” Ryan Mandell, director of claims performance for Mitchell, said. However, with both an ICE and small electric battery, mild hybrids are remarkably similar to gasoline-only powered automobiles when it comes to claims severity.”

Insurance 130
article thumbnail

While EV Sales Slow, Insurance Claims Rise

Tomorrow's Technician

Although BEV sales have slowed in 2024, sales of mild and plug-in hybrid automobiles remain strong,” Ryan Mandell, director of claims performance for Mitchell, said. However, with both an ICE and small electric battery, mild hybrids are remarkably similar to gasoline-only powered automobiles when it comes to claims severity.”

Insurance 130