DiscoverDaybreakYou can buy an EV in China. But can you afford to insure it?
You can buy an EV in China. But can you afford to insure it?

You can buy an EV in China. But can you afford to insure it?

Update: 2024-12-30
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*This episode was originally published on September 24, 2024

Half of the world’s electric cars are on China’s roads, thanks to a wave of smart incentives for both consumers and manufacturers, such as tax breaks and purchase subsidies. The payoff is tangible: the smog that once shrouded some major cities has lifted, and road noise has dropped significantly.

But it brought unexpected costs and challenges that nobody saw coming. 

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Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

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You can buy an EV in China. But can you afford to insure it?

You can buy an EV in China. But can you afford to insure it?

The Ken