Affordable Chinese EVs hit Australia, but come with insurance costs 43% higher than petrol cars.

Affordable Chinese electric vehicles (EVs) are entering Australia's market, but owners may face higher insurance costs, which are about 43% more expensive than for petrol cars. The increased costs stem from the specialized technology and the need to import specific parts. Despite this, EV owners in Brisbane and Sydney could save up to $1,536 and $897 annually on running costs, respectively.

November 25, 2024
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