Premium is the top consideration while picking insurance, claims a recent ICICI Lombard survey on electric vehicles.

Source: ICICI Lombard ‘Eco-Friendly Evolution: Electric vehicle adoption and its impact on motor insurance ’ study by Hansa Research . The survey was conducted among 539 respondents, in May 2024, in metro cities.

Why did you switch to/buy an electric vehicle? In which areas does EV need improvement? Long charging time is top irritant Fuel cost savings top reason for Bengaluru Ease of charging a big factor for buying compared to a year ago Which of the following add-ons did you opt for? Roadside help top insurance add-on What are the top factors while considering EV insurance ? Premium remains main consideration while buying EV insurance