Electric Vehicles and Insurance
From combustion engine to electric mobility – what this means for insurance and risk managementSouth Africa's electric vehicle (EV) market is surging in 2026, driven by a wave of affordable new models and buyer interest. According to data from the Automotive Business Council (Naamsa), South Africans are choosing new energy vehicles (NEVs) such as hybrids (HEVs), plug-in hybrids (PHEVs) and fully electric cars (BEVs) at pace, with 3,045 NEVs sold in June 2026 – a 104.2% increase compared to the 1,491 units sold in the same period in 2025.[1]As more motorists make the move from internal combustion engines to hybrid…
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