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Emil Frey Schweiz

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news - May 31, 2024 - 11:10

Swiss Re on electric vehicle sales

The International Energy Agency (IEA) forecasts electric vehicle (EV) sales will grow at 30% annually until 2030, with the global market projected to surpass $200 billion by 2030. EVs are expected to account for half of all new car sales by 2035, with 73 million units sold by 2040. Regional adoption rates vary significantly, with Nordic countries leading at over 50% and China at 38%. The EV insurance market is growing rapidly, but insurers face challenges like higher accident rates, repair costs, and new risks from EV technology. Premiums for EV insurance are 81% higher in China and nearly double in the UK compared to standard vehicles.

insurancebusinessmag.com

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    Emil Frey Schweiz offers cars for sale online, including options for leasing and insurance. The company features a wide selection of vehicles and has a network of garages in Switzerland.