"At the same time, the expanding range of affordable EV models is giving motorists a clearer understanding of the day‑to‑day cost savings EVs can deliver."
rn
IAG is the country's largest general insurer and home to NRMA Insurance, RACQ, RACV, WFI, CGU and ROLLiN'. While EVs currently represent around 2% of IAG's motor portfolio, this is projected to grow to 10% by 2030 as uptake continues to strengthen.
rn
Mr Ticehurst says Teslas make up 60% of the EVs insured by IAG, with strong momentum from emerging EV brands including BYD, MG, Kia and BMW.
rn"}}">
"It's clear consumer sentiment towards EVs is shifting. We are seeing a clear spike in the number of Australian drivers looking to EVs amid the most significant oil price shock in decades and ongoing concerns about petrol supply.
"At the same time, the expanding range of affordable EV models is giving motorists a clearer understanding of the day‑to‑day cost savings EVs can deliver."
IAG is the country's largest general insurer and home to NRMA Insurance, RACQ, RACV, WFI, CGU and ROLLiN'. While EVs currently represent around 2% of IAG's motor portfolio, this is projected to grow to 10% by 2030 as uptake continues to strengthen.
Mr Ticehurst says Teslas make up 60% of the EVs insured by IAG, with strong momentum from emerging EV brands including BYD, MG, Kia and BMW.
