How much does it cost to insure an electric car in the country’s main cities?

How much does it cost to insure an electric car in the country’s main cities?

The sale of electric cars in it Uruguay It is a trend that has been on the rise for approximately four years, so insurance prices are an important factor to take into account when purchasing one of these vehicles.

The trend of the electric cars is already an indisputable fact in the automotive sector. However, the high prices of insurance have not yet been a topic addressed within the incentives that have been provided by the government to further encourage the purchase of these vehicles.

Among the amenities that the State are found: the investment promotion lawwhich allows for the reduction of a significant portion of taxes; the exemption of Imesi, exemption from the 23% external tariff on imports and halving the value of the patent.

The difference in values ​​within departments

It is known that insurance prices for combustion vehicles and electric vehicles are very different. However, another phenomenon also occurs: the difference in prices between municipalities within Uruguay itself, according to a report by Segurarse..

In that sense, Montevideo It is one of the representatives of the greatest disparity, which ranges between $11,239 and $35,044 difference between insurance policies, 74.76% more expensive.

In second place is Cologne, with a cost difference of approximately $15,000, which represents a disparity of 51% between insurance for combustion and electric vehicles.

Meanwhile, in third place is East Point with much cheaper costs and a difference between insurances of $6,000, 22.57% in comparison.

The electric vehicle fleet could triple by the end of the year

During the first quarter of the year, worldwide sales of electric cars increased by 25% year-on-year during the first quarter of this year, while in Uruguay In 2023, its sales soared by 80.92%.

With this as a premise, during the Sustainable Uruguay Expo that took place at the beginning of last month at the ANTEL Arena, the president of the National Administration of Power Plants and Electric Transmissions (UTE), Silvia Emaldi, He commented during a shared presentation with the president of Ancap, Alejandro Stipanicic, that the electric vehicle fleet would triple by the end of the year.

“The reality is that the offer increased by 54 percent and there are more brands present. The specialists of the Automotive Chamber indicate that this year Uruguay will have 9 thousand electric vehicles,” explained the official.

For his part, at the beginning of May, the director of Electric Energy of the Ministry of Industry, Energy and Mining (MIEM), Christian Nieves, He said that since 2020, the sale of electric cars has increased fivefold. He also said that the country has more than 7,000 plug-in hybrids, to which electric trucks and buses continue to be added.

This way, Uruguay, like Costa Rica, became one of the countries with the highest penetration in the sale of electric cars of Latin America. In this regard, the general manager of the Automotive Trade Association (ACAU), Ignacio Pazstressed that both countries managed to position themselves based on their characteristics.

Source: Ambito

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