Why electric cars cost more to insure - and what's being done about it

Electric cars often come with higher insurance costs due to their advanced technology and higher repair costs, which can deter potential buyers. Insurance companies factor in these risks, leading to pricier premiums. Efforts are underway to address these concerns, including initiatives to improve battery safety and develop more standardized repair protocols. While these measures aim to make electric vehicles more affordable to insure, it remains a challenge that could influence consumer decisions and the broader market's adoption of electric vehicles.