News eCin29 Jun 2018

Insurance premiums for new energy vehicles forecast to exceed US$70 bln by 2030

| 29 Jun 2018

Demand for insurance of new energy vehicles is growing rapidly along with the sales of such vehicles. In 2017, the number of new energy vehicles insured reached 1.717 million, an increase of 47.0% year-on-year; while the volume of premiums was CNY10.16 billion ($1.53 billion), an increase of 50.4% year-on-year, according to data from the China Insurance Information Technology Management Co.

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