Insurance introduced for battery degradation
MotorEasy has introduced electric car warranties to cover degradation of the drive battery.
It’s understood this is the only warranty covering drive battery capacity loss in the country.
MotorEasy’s founder and CEO, Duncan McClure Fisher said: “It is surprising that electric cars have been around for so long, yet until now, no warranty company has offered a fully comprehensive extended warranty. “EVs and HEVs are increasingly popular and manufacturers continue to evolve and improve the technology, however, few motorists could afford to replace the drive battery. An inclusive warranty will be a ‘must’ for EV and Hybrid owners now and in the future.”
He added: “The cost of replacing an EV’s drive battery is a major consideration for anybody contemplating a long-term purchase of a used vehicle. The MotorEasy EV Warranty has been launched to directly combat this fear and make vehicle ownership as simple, cost-effective and stress-free as possible.”
