Electric vehicle surge drives insurance market highs: Swiss Re

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Reinsurance News - Jun 24, 2024

In a recent report, the reinsurance company Swiss Re forecasts a 30 percent annual growth in global electric vehicle (EV) sales until 2030, propelling the EV insurance market to surpass USD 200 billion by 2030, up from USD 51 billion in 2022. This surge in the market is influenced by shifting EV dri...

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