Think electric vehicles (EVs) are more expensive to repair after a flood? According to the General Insurance Association of Malaysia (PIAM), data shows that EVs recorded significantly lower average flood-related losses compared to conventional petrol and diesel vehicles.
Based on figures shared by PIAM, EVs recorded an average flood-related loss of RM8,404, compared to RM34,000 for internal combustion engine (ICE) vehicles. That’s roughly four times higher for petrol and diesel vehicles.
PIAM CEO Chua Kim Soon attributed the difference partly to EVs’ protected electrical systems and high-voltage isolation technology. Other contributing factors include lower flood exposure and higher adoption of flood insurance among EV owners, who are predominantly based in urban areas.
