Core Viewpoint - The high insurance premiums and refusal to insure electric vehicles (EVs) have become significant issues for both EV owners and insurance companies, leading to dissatisfaction on both sides [1][2][7]. Group 1: Insurance Premiums and Trends - The insurance premiums for electric vehicles are notably high, with examples showing first-year premiums for various models: 5,500 yuan for Leap B10, 8,000 yuan for Avita 06, and 8,900 yuan for Tesla Model Y L [1][6]. - In 2023, the average insurance premium for electric vehicles was approximately 21% higher than that for gasoline vehicles, with pure electric vehicles costing an average of 1,687 yuan more annually [6][7]. - The insurance industry reported a loss of 57 billion yuan from insuring 31.05 million electric vehicles, despite generating 140.9 billion yuan in premium income [7][10]. Group 2: Refusal to Insure and Market Dynamics - Insurance companies are increasingly refusing to insure electric commercial vehicles, citing that it is a loss-making business [2][8]. - The refusal to insure extends to both commercial and passenger electric vehicles, with some companies not offering coverage for operational vehicles at all [2][3]. - The insurance market is facing a mismatch between vehicle usage and insurance pricing, leading to inadequate premium coverage for high-risk vehicles [9][12]. Group 3: Factors Influencing High Premiums - High repair costs for electric vehicles, particularly for components like batteries and integrated parts, contribute to elevated insurance premiums [8][9]. - The higher accident rates among younger electric vehicle owners, who tend to have less driving experience, further exacerbate the situation [8][9]. - The lack of standardized data and risk assessment for electric vehicles complicates the pricing and underwriting process for insurers [9][14]. Group 4: Industry Responses and Future Outlook - Some insurance companies, like China Ping An and China Pacific Insurance, have reported profitability in their electric vehicle insurance segments by selectively choosing clients and business [10][12]. - Regulatory bodies have introduced measures to improve the insurance landscape for electric vehicles, including a new platform to facilitate easier access to insurance [13][14]. - The industry is exploring solutions such as improved collaboration between automakers and insurers, standardization of parts, and alternative repair methods to reduce costs [14].