Insurance Requirements for Electric Fleets

Cold Chain Federation member Marsh Commercial, and Development Leader Joe Tracey, have shared a recent article all around EV fleet insurance risks. Joe comments, “The move to EV risks changes the profile of fleet assets and operations. Insurers will be looking closely at the implications for risk and insurance. Firms planning on an EV future should take note.”

The growing presence of electric cars on our roads, as the UK moves toward a total ban on new petrol and diesel car sales, is well known and gathering pace. In fact, electric vehicle (EV) car sales grew by 76.3% in 20211 – but similar pressures and trends in the haulage sector are less well known.

As part of its net zero strategy, the UK government has committed to phasing out new, non-zero emission heavy goods vehicles weighing 26 tonnes and under by 2035, with all new HGVs sold in the UK to be zero emission by 2040.Meanwhile, last mile delivery fleets fall under a separate commitment to phase out petrol and diesel cars and vans before a total ban on new sales comes into force in by 2030.3

Read the full article from Joe here:

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