EV Insurance Market By Size, Share and Forecast 2028 | TechSci Research

Global EV Insurance Market was valued at USD 53.34 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 15.38% through 2028. Global electric vehicle (EV) insurance is a rapidly evolving segment within the insurance industry that addresses the unique needs and challenges associated with electric vehicles. As the adoption of EVs continues to surge worldwide, insurers are adapting their offerings to cater to this growing market. One of the primary considerations in global EV insurance is the specialized coverage required for EV technology. This includes coverage for battery damage, which can be costly to repair or replace.

Key Market Players

Esure Group plc
Lemonade, Inc.
Allstate Insurance Company
Acko General Insurance Limited
Progressive Casualty Insurance Company
Allianz SE
Bajaj Allianz General Insurance Company
HDFC ERGO
AXA
Beinsure Digital Media
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