Do New Energy Vehicles Need Insurance?

[Jamie]

New energy vehicles need insurance. Introduction to Compulsory Traffic Accident Liability Insurance: The full name of Compulsory Traffic Accident Liability Insurance is "Motor Vehicle Traffic Accident Liability Compulsory Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, or property losses of victims (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. Nature of Compulsory Traffic Accident Liability Insurance: Compulsory Traffic Accident Liability Insurance is China's first mandatory insurance system implemented by national law. The premiums are uniformly priced nationwide, as stipulated by the state. However, the prices vary depending on the vehicle model, with the main influencing factor being the "number of vehicle seats."