Toronto, Ontario — According to Mitchell’s Plugged-In: EV Collision Insights 2023 Year in Review, electric vehicle (EV) repairable claims frequency has increased more than 40 percent from 2022.
Specifically, 2023 ended with EV repairable claims frequency at 1.97 percent in the United States and 2.86 percent in Canada. When compared to 2020, the frequency of claims for repairable EVs has more than tripled, the report noted.
Moreover, in terms of claims severity, for 2023, EVs continued to exceed vehicles with an internal combustion engine (ICE). Last year in Canada, average repairable severity was $6,795 (CAD) for all EVs and $5,122 (CAD) for ICE vehicles.
The U.S. presented similar data with average repairable severity for EVs coming in at $6,018 and $4,696 for ICE alternatives.
In Canada, year over year severity in 2023 was approximately eight percent for both EVs and ICEs versus in the U.S. which saw a five percent decrease for EVs and a 3 percent increase for ICEs.
The report also noted that EV repair estimates are approximately 50 percent more likely in both regions to include some kind of operation associated with the sensors than those for 2020 model year and newer ICE automobiles—as based on 2023 data. Thus there is an increased likelihood that ADAS calibrations will be required to safely return a vehicle to the road.
When looking at the top North American EV markets based on repairable claims frequency, British Columbia comes first at 5.35 percent followed by California at 4.42 percent and Quebec at 3.51 percent.
Comparatively, the top five EV model frequencies in Canada are the Tesla Model 3 at 40.75 percent; the Tesla Model Y at 21.31 percent; the Nissan Leaf at 5.60 percent; the Hyundai Kona EV at 5.44 percent; and the Chevy Bolt at 5.22 percent.
In the United States, similar EV preferences emerged in 2023 with the Tesla Model 3 coming in first in terms of EV model frequencies at 34.53 percent and closely followed by the Tesla Model Y at 23.85 percent. However, following this, the U.S. diverges from Canada with the Tesla Model S coming in third at 7.48 percent; the Ford Mustang Mach E in fourth at 7.01 percent; and the Tesla Model X in fifth at 4.76 percent.
To read the full report, click here.
The post Plugging Into 2023: EV repairable claims frequency increases 40 percent from 2022 claims Mitchell’s 2023 Plugged-In: EV Collision Insights appeared first on Collision Repair Magazine.
