Topic
electric cars
Finance Why electric cars cost more to insure – and what's being done about it
Electric vehicles cost 30% more to repair than petrol or diesel models, leading to insurance premiums 10-25% higher, according to Thatcham Research. Tests on a Dacia Spring show a minor crash can cause £4,000 in hidden damage, often resulting in a write-off. Industry experts call for design changes to reduce repair costs and boost EV adoption.
Manufacturing Bentley Torcal EV Enters a Luxury Electric Market in Crisis as Rivals Retreat
Bentley has revealed its first fully electric car, the Torcal SUV, with a range over 300 miles. The launch arrives amid a severe downturn in luxury EV demand, with competitors like Lamborghini, Ferrari, and Audi scaling back or cancelling electric models.
Manufacturing GM's EVs to Power Homes and Grids with New Tech
General Motors is enabling its electric vehicles to power homes and the electrical grid through bidirectional charging. This initiative, supported by GM Energy, aims to enhance the value of EVs and promote sustainability.