Do New Energy Vehicles Need Insurance?

[EllianaAnn]

New energy vehicles need insurance. Auto insurance is divided into two types: Compulsory traffic insurance and commercial insurance. Compulsory traffic insurance must be purchased, while commercial insurance is voluntary for car owners. It includes vehicle damage insurance, third-party liability insurance, passenger liability insurance, and comprehensive theft insurance, along with their corresponding additional coverages. Points to note when purchasing insurance for new energy vehicles: There are significant differences between new energy electric vehicles and fuel-powered vehicles, so the choice of insurance for electric vehicles should also differ. Compulsory traffic insurance must be 100% purchased, as it is a mandatory requirement by national regulations. Every car owner must purchase this type of insurance; it is compulsory.