Bike
The Role of EV Charging Infrastructure in Insurance Costs
India has seen a significant growth in the adoption of electric vehicles, accounting for a whopping 7.5% of total sales in 2024. With the government’s push for greener transportation, India aims to achieve 80% EV adoption in bikes and three-wheelers by 2030. However, the dream of a greener tomorrow comes with challenges, too. That includes high cost of batteries, repair risk and specialised infrastructure, which in turn affect the cost of insurance.
Take the case of Ram, an MNC professional in Pune, who finally decided to buy an EV bike this year, thinking that he could save more on fuel. However, what caught his attention and added to his worry was the bike insurance cost. He discovered that the premium for the EV version is almost 50% more than that of its petrol version. This case raises a question about the impact of EV adoption on insurance costs. Let us explore how EV charging infrastructure impacts the electric bike insurance coverage and cost.