Costly repairs could mean higher premiums for EV drivers: report

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.

Costly repairs could mean higher premiums for EV drivers: report
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.