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EV claims 14% costlier than ICE cars: Policybazaar study

Posted on October 9, 2026
By Financial Express
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1 min read

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EV claims 14% costlier than ICE cars: Policybazaar study

Data reveals EV repair claims in India are 14% higher than ICE cars (₹41,543 vs ₹36,185), driven by battery costs and component imports. Monsoon floods spike claims to ₹65,000, while Tier-2 cities lead in claim frequency.