EV Collision Insights Report for Q2 2024

This report presents an analysis of collision claims related to battery electric vehicles (BEVs) and hybrid vehicles for the second quarter of 2024. It details the increase in claims frequency for repairable, collision-damaged BEVs, which rose to 2.5% in the U.S. and 3.94% in Canada, marking significant year-over-year increases. The report outlines the decline in BEV sales, attributing it to factors such as market saturation and consumer behavior. In contrast, hybrid vehicle sales showed robust growth, with notable increases in plug-in hybrid electric vehicle (PHEV) registrations. The report also compares claims severity between BEVs, mild hybrids, and internal combustion engine (ICE) vehicles, noting that mild hybrids have similar claims severity to ICE vehicles in the U.S. but are costlier to repair in Canada. Additionally, it discusses the total loss frequency for BEVs and newer ICE vehicles, highlighting similarities and differences in repairability and structural damage during collisions.