BEIJING – China’s national financial regulator unveiled the first-ever insurance guidelines for electric vehicles (EVs) and plug-in hybrids on Friday.
The guidelines aim to lower maintenance costs for new energy vehicles and explore the creation of a risk classification system for insurance models.
They also address the influence of rapidly evolving smart driving technologies and the constant updates in vehicle models, as the risk factors in car insurance have shifted from human-related elements to issues like technology, software, and cybersecurity.
