UK insurer Legal & General warns that investors underestimate the energy transition pace, which affects auto insurance pricing as electric vehicle adoption accelerates faster than expected, potentially impacting coverage costs for US drivers.
electric vehicles
Rivian Electric Trucks Face Safety Probe Over Steering
Federal regulators launched a safety investigation into nearly 115,000 Rivian electric trucks and SUVs after reports of steering component failures that caused vehicles to swerve into traffic and crash.
German EV Subsidies Boost Electric Car Adoption Rates
German EV adoption hit a record 7.5% in Q1 2024 as new government subsidies up to $6,967 drove electric vehicle purchases. The trend highlights how financial incentives can accelerate EV transitions, offering lessons for US drivers watching similar policy developments.
Hybrid Car Insurance Claims Jump 25% in 2026
Insurance claims for mild hybrid electric vehicles jumped 25% in the U.S. and 33% in Canada year-over-year, creating new challenges for insurers and repair shops while potentially affecting future car insurance rates for hybrid owners.