BEIJING, Dec. 19 (Xinhua) -- The Insurance Association of China has released insurance clauses tailor-made for new energy vehicles (NEVs).
Besides traditional traffic accidents, NEVs face new risks including battery fires, demanding innovation in insurance service, the association said, adding that the provisions were released after a study that lasted over a year.
The clauses provide targeted insurance policies exclusive to NEVs, including self-use charging pile loss insurance and self-use charging pile liability insurance.
This is the first time that auto insurance has underwritten external fixed auxiliary equipment, the association said.
As for risks in the charging process, NEV users have access to external grid failure loss insurance.
At the end of September, China's NEV fleet stood at 6.78 million, accounting for 2.28 percent of the total number of vehicles, according to the Ministry of Public Security. From January to September, NEV registrations stood at 1.87 million, up 178.49 percent from the same period last year. Enditem
