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Friday, 24 September 2021 22:21

CCC Forecasts Future of EVs and How It Will Impact Auto Body Shops

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Senior Director/Industry Analyst Susanna Gotsch from CCC Intelligent Solutions Inc. recently published a report, "Electric Vehicles Go Mainstream, Implications for the P&C Insurance Economy." Senior Director/Industry Analyst Susanna Gotsch from CCC Intelligent Solutions Inc. recently published a report, "Electric Vehicles Go Mainstream, Implications for the P&C Insurance Economy."

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When it comes to repairing EVs, there are auto body shop owners out there who look at them differently.

Some view EVs as something to invest in with little chance of making a profit. Others believe they represent a golden opportunity for shops to differentiate themselves from the pack.

 

With any new technology, there will be those shops that will embrace it, but many will drag their feet or reject it altogether.

 

The time to decide whether or not to jump into the EV game is now. Despite a recent ramp up in sales in the U.S., there are still only a small number of EV auto claims and repairs out there, with the majority being in California and other Western states.

 

The latest CCC Intelligent Solutions Trends Report, "Electric Vehicles Go Mainstream, Implications for the P&C Insurance Economy," analyzes emerging trends in electric vehicles.

 

Senior Director/Industry Analyst Susanna Gotsch from CCC is the keeper of invaluable data and this report is surely no exception.

 

This year, the U.S. has joined numerous countries using the pandemic as an impetus to shift their vehicles in operation from internal combustion engine vehicles to electric vehicles (EVs). Driven by new federal requirements from the Biden Administration, as well as competition with China’s aggressive goals to move to an electric vehicle fleet, automakers and many of their suppliers have announced they will be making significant investments in electric vehicles and battery technologies.

 

Consumer acceptance of EVs is expected to grow, and sales in the U.S. have already begun to ramp up, according to CCC’s Trends Report.

 

EVs are only a small part of our national fleet, but those numbers are climbing. Over the four quarters ending Q2 2021, EVs accounted for...


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