EVs written off less often than ICE vehicles, Cap HPI says

Petrol and diesel cars are written off at more than double the rate of EVs, according to research by Cap HPI.

The automotive data firm said that between 2015 and August this year, 0.9% of EVs under five years old had been written off, compared with 1.89% of petrol and diesel vehicles.

Cap HPI said a similar gap also existed for one-year-old vehicles, where the percentages were 0.2% for EVs and 0.4% for petrol and diesel.

Cap HPI identification director Jon Clay said: “The study challenges one of the many misconceptions about electric vehicles. The data shows that EVs are written off at half the rate of petrol and diesel vehicles. 

“We work hard to provide an accurate picture of the automotive sector to the industry and consumers alike, from valuation data to provenance checks and trend analysis. The motor industry has to collectively address the wave of misinformation around EVs that is present online to enable consumers and fleet customers to make informed and well-balanced decisions about their next vehicle.”