"According to Mitchell, claims frequency for repairable, collision-damaged EVs reached 3.21% in the U.S. in the previous quarter, an all-time high and a 4.2% increase year-over-year. Despite all of this, the average cost for collision repair went down 2.4% compared to the second quarter and is now at the lowest level since the beginning of the year. That's great news for anybody who was apprehensive about getting an EV because of high repair costs."
"A lot of EVs hit the streets of the United States in the third quarter of this year, as car buyers rushed to take advantage of the $7,500 federal tax credit that expired on September 30. Sales of EVs in the United States jumped 36% in Q3 compared to the same period last year, and as a result, the number of EV owners going to repair shops to have their cars fixed also went up."
Collision repair prices for electric cars declined 2.4% from the second quarter and reached their lowest level since the beginning of the year. U.S. EV sales jumped 36% in the third quarter as buyers rushed to claim a $7,500 federal tax credit that expired on September 30, increasing the number of repair-shop visits. Claims frequency for repairable, collision-damaged EVs hit 3.21%, an all-time high and a 4.2% year-over-year rise. Average claim severity for EVs is $6,185, higher than plug-in hybrids, mild hybrids and combustion vehicles. Parts availability remains a major factor keeping EV repair costs elevated.
Read at insideevs.com
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