Electric Vehicles & Insurance Considerations

• Adroit Insurance and Risk
• - June 11, 2025

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Electric vehicles (EVs) are transforming corporate fleets, offering environmental benefits such as lower emissions, along with cost advantages like reduced fuel and maintenance expenses.

Operating EVs requires careful consideration of unique factors, such as operational range, potentially higher costs for parts, and battery recharging coverage.

1. Repair and Replacement Costs – EV parts and repairs are generally more expensive than those for traditional vehicles. Repair times may also be longer due to the limited availability of parts.
2. Battery-Specific Risks – EV batteries can be damaged by rough roads, accidents, or improper charging. This could result in costly repairs or even a battery fire, making regular maintenance essential.
3. Charging Infrastructure – Installing on-site charging stations requires a risk assessment. While public charging stations are becoming more widespread across Australia, both options help extend vehicle range and usability.

These factors can also impact your insurance cover. Stay ahead of the curve by consulting your insurance adviser about your plans – they can provide guidance on potential insurance implications and costs.