Q1 2023 Electric Vehicle Collision Insights Report

This report presents the findings from the Q1 2023 Electric Vehicle (EV) Collision Insights, focusing on repairable claims frequency in the US and Canada. In Q1 2023, the frequency of repairable claims for EVs rose to 1.13% in the US and 2.41% in Canada, reflecting modest increases from the previous quarter. Tesla continues to dominate the market, although its share of repairable vehicles decreased to 75.8%. The report details the performance of various EV models, noting that the Ford Mustang Mach-E is gaining market share. It also highlights the complexities involved in EV repairs, which require more labor and refinish hours compared to internal combustion engine vehicles. The report discusses the implications for collision repairers and insurers, emphasizing the need for additional training and equipment to meet OEM standards. Furthermore, it outlines the expected growth in EV charging infrastructure in both countries to accommodate the rising demand for electric vehicles.