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Electric Vehicle Insurance-Global Market Insights and Sales Trends 2025
Synopsis
The global Electric Vehicle Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Electric Vehicle Insurance in various end use industries. The expanding demands from the Battery Electric Vehicle and Plug-in Hybrid Electric Vehicle, are propelling Electric Vehicle Insurance market. With Personal Accident Cover, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Without Personal Accident Cover segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Vehicle Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Vehicle Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Vehicle Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Vehicle Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Vehicle Insurance covered in this report include Liverpool Victoria, Admiral, U K Insurance Limited, Hastings Insurance Services Limited, ACKO, Zurich Insurance plc, pluginsure, The Automobile Association and carwow Ltd., etc.
The global Electric Vehicle Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Liverpool Victoria
Admiral
U K Insurance Limited
Hastings Insurance Services Limited
ACKO
Zurich Insurance plc
pluginsure
The Automobile Association
carwow Ltd.
AXA
Allstate Insurance Company
PICC
PING AN INSURANCE (GROUP) COMPANY OF CHINA ，LTD.
Global Electric Vehicle Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Vehicle Insurance market, Segment by Type:
With Personal Accident Cover
Without Personal Accident Cover
Global Electric Vehicle Insurance market, by Application
Battery Electric Vehicle
Plug-in Hybrid Electric Vehicle
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Electric Vehicle Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global Electric Vehicle Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Electric Vehicle Insurance in various end use industries. The expanding demands from the Battery Electric Vehicle and Plug-in Hybrid Electric Vehicle, are propelling Electric Vehicle Insurance market. With Personal Accident Cover, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Without Personal Accident Cover segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Vehicle Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Vehicle Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Vehicle Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Vehicle Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Vehicle Insurance covered in this report include Liverpool Victoria, Admiral, U K Insurance Limited, Hastings Insurance Services Limited, ACKO, Zurich Insurance plc, pluginsure, The Automobile Association and carwow Ltd., etc.
The global Electric Vehicle Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Liverpool Victoria
Admiral
U K Insurance Limited
Hastings Insurance Services Limited
ACKO
Zurich Insurance plc
pluginsure
The Automobile Association
carwow Ltd.
AXA
Allstate Insurance Company
PICC
PING AN INSURANCE (GROUP) COMPANY OF CHINA ，LTD.
Global Electric Vehicle Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Vehicle Insurance market, Segment by Type:
With Personal Accident Cover
Without Personal Accident Cover
Global Electric Vehicle Insurance market, by Application
Battery Electric Vehicle
Plug-in Hybrid Electric Vehicle
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Electric Vehicle Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Electric Vehicle Insurance
1.1 Electric Vehicle Insurance Market Overview
1.1.1 Electric Vehicle Insurance Product Scope
1.1.2 Electric Vehicle Insurance Market Status and Outlook
1.2 Global Electric Vehicle Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Electric Vehicle Insurance Market Size by Region (2018-2029)
1.4 Global Electric Vehicle Insurance Historic Market Size by Region (2018-2023)
1.5 Global Electric Vehicle Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Electric Vehicle Insurance Market Size (2018-2029)
1.6.1 North America Electric Vehicle Insurance Market Size (2018-2029)
1.6.2 Europe Electric Vehicle Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Electric Vehicle Insurance Market Size (2018-2029)
1.6.4 Latin America Electric Vehicle Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Electric Vehicle Insurance Market Size (2018-2029)
2 Electric Vehicle Insurance Market by Type
2.1 Introduction
2.1.1 With Personal Accident Cover
2.1.2 Without Personal Accident Cover
2.2 Global Electric Vehicle Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Electric Vehicle Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Electric Vehicle Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Electric Vehicle Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Electric Vehicle Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Electric Vehicle Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Electric Vehicle Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Electric Vehicle Insurance Revenue Breakdown by Type (2018-2029)
3 Electric Vehicle Insurance Market Overview by Application
3.1 Introduction
3.1.1 Battery Electric Vehicle
3.1.2 Plug-in Hybrid Electric Vehicle
3.2 Global Electric Vehicle Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Electric Vehicle Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Electric Vehicle Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Electric Vehicle Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Electric Vehicle Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Electric Vehicle Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Electric Vehicle Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Electric Vehicle Insurance Revenue Breakdown by Application (2018-2029)
4 Electric Vehicle Insurance Competition Analysis by Players
4.1 Global Electric Vehicle Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electric Vehicle Insurance as of 2022)
4.3 Date of Key Players Enter into Electric Vehicle Insurance Market
4.4 Global Top Players Electric Vehicle Insurance Headquarters and Area Served
4.5 Key Players Electric Vehicle Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Electric Vehicle Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Liverpool Victoria
5.1.1 Liverpool Victoria Profile
5.1.2 Liverpool Victoria Main Business
5.1.3 Liverpool Victoria Electric Vehicle Insurance Products, Services and Solutions
5.1.4 Liverpool Victoria Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Liverpool Victoria Recent Developments
5.2 Admiral
5.2.1 Admiral Profile
5.2.2 Admiral Main Business
5.2.3 Admiral Electric Vehicle Insurance Products, Services and Solutions
5.2.4 Admiral Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Admiral Recent Developments
5.3 U K Insurance Limited
5.3.1 U K Insurance Limited Profile
5.3.2 U K Insurance Limited Main Business
5.3.3 U K Insurance Limited Electric Vehicle Insurance Products, Services and Solutions
5.3.4 U K Insurance Limited Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Hastings Insurance Services Limited Recent Developments
5.4 Hastings Insurance Services Limited
5.4.1 Hastings Insurance Services Limited Profile
5.4.2 Hastings Insurance Services Limited Main Business
5.4.3 Hastings Insurance Services Limited Electric Vehicle Insurance Products, Services and Solutions
5.4.4 Hastings Insurance Services Limited Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Hastings Insurance Services Limited Recent Developments
5.5 ACKO
5.5.1 ACKO Profile
5.5.2 ACKO Main Business
5.5.3 ACKO Electric Vehicle Insurance Products, Services and Solutions
5.5.4 ACKO Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 ACKO Recent Developments
5.6 Zurich Insurance plc
5.6.1 Zurich Insurance plc Profile
5.6.2 Zurich Insurance plc Main Business
5.6.3 Zurich Insurance plc Electric Vehicle Insurance Products, Services and Solutions
5.6.4 Zurich Insurance plc Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 Zurich Insurance plc Recent Developments
5.7 pluginsure
5.7.1 pluginsure Profile
5.7.2 pluginsure Main Business
5.7.3 pluginsure Electric Vehicle Insurance Products, Services and Solutions
5.7.4 pluginsure Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 pluginsure Recent Developments
5.8 The Automobile Association
5.8.1 The Automobile Association Profile
5.8.2 The Automobile Association Main Business
5.8.3 The Automobile Association Electric Vehicle Insurance Products, Services and Solutions
5.8.4 The Automobile Association Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 The Automobile Association Recent Developments
5.9 carwow Ltd.
5.9.1 carwow Ltd. Profile
5.9.2 carwow Ltd. Main Business
5.9.3 carwow Ltd. Electric Vehicle Insurance Products, Services and Solutions
5.9.4 carwow Ltd. Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 carwow Ltd. Recent Developments
5.10 AXA
5.10.1 AXA Profile
5.10.2 AXA Main Business
5.10.3 AXA Electric Vehicle Insurance Products, Services and Solutions
5.10.4 AXA Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 AXA Recent Developments
5.11 Allstate Insurance Company
5.11.1 Allstate Insurance Company Profile
5.11.2 Allstate Insurance Company Main Business
5.11.3 Allstate Insurance Company Electric Vehicle Insurance Products, Services and Solutions
5.11.4 Allstate Insurance Company Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Allstate Insurance Company Recent Developments
5.12 PICC
5.12.1 PICC Profile
5.12.2 PICC Main Business
5.12.3 PICC Electric Vehicle Insurance Products, Services and Solutions
5.12.4 PICC Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 PICC Recent Developments
5.13 PING AN INSURANCE (GROUP) COMPANY OF CHINA ，LTD.
5.13.1 PING AN INSURANCE (GROUP) COMPANY OF CHINA ，LTD. Profile
5.13.2 PING AN INSURANCE (GROUP) COMPANY OF CHINA ，LTD. Main Business
5.13.3 PING AN INSURANCE (GROUP) COMPANY OF CHINA ，LTD. Electric Vehicle Insurance Products, Services and Solutions
5.13.4 PING AN INSURANCE (GROUP) COMPANY OF CHINA ，LTD. Electric Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 PING AN INSURANCE (GROUP) COMPANY OF CHINA ，LTD. Recent Developments
6 North America
6.1 North America Electric Vehicle Insurance Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe Electric Vehicle Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Electric Vehicle Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Electric Vehicle Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Electric Vehicle Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Electric Vehicle Insurance Market Dynamics
11.1 Electric Vehicle Insurance Industry Trends
11.2 Electric Vehicle Insurance Market Drivers
11.3 Electric Vehicle Insurance Market Challenges
11.4 Electric Vehicle Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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