Group 1 - The average insurance premium for electric vehicle owners in the UAE has decreased by 9.5% over the past year, now averaging around 5,270 dirhams [1] - The decline in insurance costs is seen as a significant factor in boosting the sales of new electric vehicle models in the UAE [1] - The insurance market is evolving as more Chinese manufacturers enter the market, leading to a diversification in pricing, risk assessment, and premium structures [1] Group 2 - Despite concerns over insurance costs, electric vehicle sales in the UAE continue to grow, with increasing sales of new Tesla and BYD models [2] - Chinese electric vehicles are gaining market share through extended warranties and after-sales support, which help alleviate buyer concerns regarding annual insurance fees [2] - Currently, electric vehicle owners are paying insurance costs that amount to approximately 4.5% of the vehicle's value, significantly higher than the average for traditional fuel vehicles [2]