Mitchell Releases Report on EV and ICE Claims
Mitchell has released its Q2 2023 report, titled ‘Plugged-In: EV Collision Insights,’ according to a press release.
The report displays increases in the frequency of repairable electric vehicle (EV) claims, citing an increase to 1.49% in the U.S. and to 2.64% in Canada in the last quarter.
Though claims severity for repairable EVs has outnumbered that of internal combustion engine (ICE) vehicles, recent data has shown EVs to be more likely to be drivable following an accident, explained Mitchell’s Director of Claims Performance Ryan Mandell. This is credited to EVs having fewer moving parts.
The report includes average claim severity, which was $983 higher for EVs in the U.S. and $1,328 higher in Canada than ICE vehicles. When looking solely at Tesla models, those numbers grow to $1,589 and $1,600, respectively.
EV parts were found more likely to come directly from the manufacturer, with 90.75% of EVs using OEM parts, contrasted with 66.50% for ICE automobiles.
Average refinish hours are accounted as a large factor in collision claim expenses, with the process often accounting for 40% of the total labor time for an average repair order. Q2 saw an average of 8.51 in refinish hours for EVs, versus an 8.02 average for ICE vehicles.
