"Understanding the Higher Crash Rate of Teslas Compared to Gas-Powered Cars"
A report from LexisNexis Risk Solutions suggests that drivers switching from gas-powered cars to electric vehicles, particularly Teslas, experience a 14.3% increase in insurance claims frequency and a 14.5% rise in payout amounts. The unfamiliarity with EV features, such as instant readiness to drive, fast acceleration, and one-pedal driving, contributes to the higher crash rates. Repair costs for EVs are also higher due to complex features. The data supports Hertz's decision to sell off a significant portion of its EV fleet, mainly comprised of Teslas, due to expensive repairs.