Mitchell Report Highlights Increase in EV Collision Claims

Mitchell Report Highlights Increase in EV Collision Claims

The report shows both the U.S. and Canada saw a rise in repairable claims frequency in the first quarter of 2023.

Mitchell, a technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, has reported that electric vehicle (EV) repairable claims frequency increased in Q1 2023 to 1.13% in the U.S. and 2.41% in Canada. The data was featured in the company’s latest Plugged-In: EV Collision Insights publication, which provides up-to-date EV claims and market information to the auto insurance and repair industries.

“EV sales broke records in 2022 and the combination of high gas prices, government incentives and increased vehicle production helped drive consumer demand,” said Ryan Mandell, director of claims performance at Mitchell. “With more EVs on the road, there will naturally be more EV collision claims. That puts a strain on auto insurers, who must balance policyholder expectations with higher-than-average vehicle repair costs and cycle time. It also puts a strain on collision repairers tasked with properly and safely restoring these automobiles to OEM standards.”

According to the International Energy Agency (IEA), global EV sales are expected to grow another 35% this year and reach 14 million by the end of 2023. If the latest IEA projections are met, the share of EVs in the overall car market will have risen from approximately 4% in 2020 to 14% in 2022 and 18% in 2023. Additionally, Cox Automotive reports that the U.S. recorded a record-breaking first quarter with EV sales surpassing 250,000 and 7.2% of total new vehicle sales—setting the expectation that EV sales growth will surpass that of the industry for the foreseeable future.

To highlight the impact of electrification on automotive claims, Mitchell compared data from Q4 2022 to Q1 2023, showing that EV:

  • Average repairable severity has decreased to $4,749 in the US and $6,406 in Canada but remains higher than for internal combustion engine (ICE) vehicles  
  • OEM parts usage and the percentage of parts repaired increased to 90.76% and 12.68% respectively
  • Refinish time is nearly an hour more than for ICE automobiles, adding to claim costs
  • Models new to the market are now entering U.S. collision repair facilities for the first time

The report also includes data on EV claims frequency by geographic region as well as vehicle make and model. To download the current issue, visit www.mitchell.com/plugged-in. You can also subscribe to future issues by completing the web form.

You May Also Like

Honda Launches Fuel Cell Electric Vehicle in Ohio

Production of the 2025 CR-V e:FCEV fuel cell EV, the only FCEV made in America, begins at Performance Manufacturing Center in Marysville, Ohio.

Honda-Launches-Fuel-Cell-Electric-Vehicle-in-Ohio-1

Honda celebrated the start of production of the all-new CR-V e:FCEV fuel cell electric vehicle (FCEV) at the Performance Manufacturing Center (PMC) in Ohio. It is the only FCEV made in America, as well as the first production1 hydrogen FCEV in the United States to combine an all-new U.S.-made fuel cell system with plug-in EV charging capability, according to the latest press information.

Cummins, Daimler Truck and PACCAR Form Joint Venture

The completed joint venture is now known as Amplify Cell Technologies.

GreenPower Launches EV Star Utility Truck

The EV Star Utility Truck is purpose-built and fully customizable to fit a range of vocational applications and utility use cases.

GreenPower-Launches-EV-Star-Utility-Truck
Automotive, Mining Sectors Meet for Battery EV Conference

The 2024 BEV In-Depth conference explored the EV battery supply chain and zero-emission vehicle advancements.

Automotive-Mining-Sectors-Meet-for-Battery-EV-Conference
Highland Named One Of TIME’s Most Influential Companies

Highland was recognized in the category of Pioneers.

Highland Named One Of TIME's Most Influential Companies

Other Posts

Automechanika: Moving Toward Zero-Carbon Transportation

More companies than ever before will be presenting products and solutions in the field of electromobility at the upcoming Automechanika in Frankfurt, the organization said.

Automechanika EV
Modine Helps Fortify Zero-Emission Bus Fleet in Wisconsin

Racine transit system zero-emission buses are equipped with Modine EVantage to increase longevity and range.

Mullen Announces Development of Mobile EV Charging Truck

New PowerUP mobile charging system provides increased versatility and 100% zero emissions power generation capable of delivering on demand, mobile DC fast-charging.

Mullen-Announces-Development-of-Mobile-EV-Charging-Truck
SKF Partners with EPWR on Next-Gen Electric Touring Cars

The Scandinavian Touring Car Championship will premiere the world’s first 100% electric national touring car championship June 8-9, in Gothenburg, Sweden.

Hansen-Motorsport-SKF-Align-for-2024-World-RX-Season-1