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6 Facts Most Expensive Electric Car In India | Why electric cars are expensive to insure

  • While the BYD e6 electric MPV was technically launched in late 2021, the carmaker has only just begun offering it to private buyers. The big draw for this EV MPV isn’t its performance as the single electric motor only develops 95 hp and 180 Nm, rather it is the impressive 520 km claimed city range (WLTC cycle), the large 71.7 kWh lithium-ion battery provides. The e6 makes use of DC fast charging as standard (full charge in 90 minutes), though anyone looking for the option of AC fast or slow charging will have to opt for the more expensive GLX trim. - Source: Internet
  • While electric cars come with fewer moving parts than petrol or diesel-powered vehicles, the most expensive part is the lithium-ion battery. They account for more than 50% of the cost of the car. Repairing or replacing batteries is costly, which is one reason why insurance premiums are higher. - Source: Internet
  • A reduction in the cost of EVs will lead to a decrease in insurance costs. Whether it is expensive or not, insuring your vehicle helps reduce financial implications in case of third-party liabilities or damages to the car. Ensure that your EV is insured at all times to avoid unforeseen financial losses. - Source: Internet
  • The longest range, most expensive and the most powerful electric car in India 2022 is the Mercedes AMG EQS 53 4Matic+. This is the car that we are going to talk about in this article. For Mercedes this is their first AMG car in an electric version in India. - Source: Internet
  • Electric cars are becoming far more practical and affordable, and their popularity has inspired more people to own them. Despite becoming more affordable, electric cars are still expensive to insure compared to petrol or diesel-powered vehicles. But why are electric cars expensive to insure compared to their counterparts? Read ahead to learn about the costs associated with electric car insurance and why they are expensive to insure. - Source: Internet
  • Electric cars require a high level of maintenance because of expensive and highly complex car parts. Repairing EVs requires highly skilled mechanics to service or repair the vehicle. Currently, the talent pool is relatively low compared to conventional car mechanics. Hence, the labour cost for the repair or replacement can be higher due to the high cost involved in employing a specialised mechanic. - Source: Internet
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