Mitchell Publishes EV Collision Insights Report

Mitchell Publishes EV Collision Insights Report

New report highlights the electric vehicle (EV) trends impacting auto insurers and collision repairers.

Mitchell, an Enlyte company and leading technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, announced in a press release the availability of its latest trends publication: “Plugged-In: EV Collision Insights.”

The new quarterly report provides auto insurance and collision repair executives with up-to-date information on electric vehicle claims and market data.

In 2022, EV sales hit a tipping point, representing 5.6% of all new vehicles sold according to Kelley Blue Book.

As consumer adoption increases, vehicle manufacturers including Audi, GM and Volvo are pledging to go all-electric in the future — putting more of these automobiles on the road and, potentially, in a collision repair shop.

“EVs introduce some unique challenges to both insurers and repairers,” said Ryan Mandell, director of claims performance at Mitchell. “Their more complex, interconnected electronic systems and reliance on lightweight materials can complicate the repair process and increase claims costs. With the release of our new report, we hope to provide the industry with the information it needs to prepare for this growing segment of the car parc and the impact it will have on auto insurance claims.”

Based on data from Q4 2022, the inaugural issue of Plugged-In: EV Collision Insights documents an increase in the:

  • Number of EV repairable claims of 1.1% in the US and 2.26% in Canada
  • Average percentage of EV parts repaired, suggesting that collision facilities may be improving their ability to repair the lighter weight substrates that are common in these automobiles
  • Average number of mechanical hours on EV estimates of 1.7 as compared to labor time listed on collision damage appraisals for vehicles with internal combustion engines

The report also features current claims data on EV average repairable severity, repairable claims frequency by market, and frequency by vehicle manufacturer and model.

To access the report, visit www.mitchell.com/plugged-in.

You May Also Like

Research Finds That Caffeine Boosts Platinum Electrode Performance

This discovery has the potential to reduce platinum requirements, making fuel cells more affordable and efficient, the researchers said.

Research Finds That Caffeine Boosts Platinum Electrode Performance

In a study published in the journal Communications Chemistry on Feb. 3, Professor Nagahiro Hoshi, along with Masashi Nakamura, Ryuta Kubo and Rui Suzuki, all from the Graduate School of Engineering at Chiba University, Japan, have found that adding caffeine to certain platinum electrodes can increase the activity of the oxygen reduction reaction (ORR). This discovery has the potential to reduce platinum requirements, making fuel cells more affordable and efficient, the researchers said.

Home Charging Satisfaction a Bright Spot among EV Owners, J.D. Power Finds

Bidirectional charging allows the vehicle to send energy for use by other devices in the home, or it can be potentially returned to the grid to offset consumer energy costs.

home electric vehicle charging
Cox Automotive Deploying VIN-Specific EV Battery Health Solution

The solution uses Manheim’s LotVision technology to quickly assess the battery in each vehicle and transmit battery health information to condition reports and vehicle detail pages.

Cox Automotive’s VIN-specific solution, developed by its EV Battery Solutions team, uses Manheim’s LotVision technology to quickly assess the battery in each unique vehicle and automatically transmit in-depth battery health information to condition reports and vehicle detail pages (VDPs) on Manheim.com.
New York Dealership Deploys Microgrid to Power EV Charging Stations

Through the islanded microgrid, the dealership will be able to power the EV charging stations, ensuring electric vehicles can charge at the dealership in the event of a grid outage.

Vail Buick GMC dealership in Bedford Hills, New York.
Fermata Energy, BorgWarner Partner on Bidirectional EV Charging

Together, the companies are accelerating ongoing efforts to integrate bidirectional charging capabilities with a variety of automotive OEMs.

Fermata Energy, BorgWarner Partner on Bidirectional EV Charging
Other Posts
Autel Releases AC Elite G2 Charging Series 

The charger can be used in various settings, such as public commercial parking areas, residential areas, hospitals and service areas.

Autel Releases AC Elite G2 Charging Series
Elywhere launches in North America

Elywhere said its chargers can be configured to support power in the 1 MW range, providing solutions for electric fleets.

Elywhere launches in North America
Back to the Future: Hybrids Offer Alternative to Electric Vehicles

A collaborative effort could not only revitalize consumer interest in hybrids but also position auto dealers as advocates for a greener future.

Hybrids Offer Alternative to Electric Vehicles
Toyota Invests in Kentucky Facility to Increase EV Assembly

Since 2021, Toyota has announced new investments totaling $17 billion into U.S. manufacturing operations supporting electrification.

Toyota Invests in Kentucky Facility to Increase EV Assembly