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Insurance is one of the largest expenses for trucking fleets and it’s business built on trends and historical data - a couple key items that we don’t have on electric trucks. So, there’s really no reason to expect the premiums carriers pay now to look anything like the premiums they will pay when they go electric.
Batteries are expensive and the training it takes to work on electric vehicles is sophisticated, and it’s not like there’s a BEV junkyard out there if you’re in the market for cheap aftermarket replacements.
Kristy Neal, Head of Enterprise Growth at Cover Whale, joins the 10-44 this week and she’s got some expensive news as it relates to paying for vehicle damage.
You can read more at
www.ccjdigital.com/
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Contents of this video
00:00 10-44 intro
00:29 Electric trucks and insurance premiums
01:13 Higher purchase price for EV’s
01:53 Carrier risk profile
04:51 Safe driver behavior and vehicle maintenance
06:54 Truck technology and insurance