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Transitioning to Electric Vehicles: Building Confidence is Key to Electric Dreams

Customized Car Insurance by Income Insurance's eDrivo, designed to streamline shifts with personalized security measures.

Transitioning to Electric Vehicles: Building Confidence to Make the Changeover
Transitioning to Electric Vehicles: Building Confidence to Make the Changeover

Transitioning to Electric Vehicles: Building Confidence is Key to Electric Dreams

In a practical and forward-looking move, community nurse Kelvin Chan has recently switched to an electric vehicle (EV) for his daily duties, family trips, and occasional journeys to Johor Bahru. This decision, driven by the demands of his job and family responsibilities, adds to the growing number of Singaporeans supporting the national goal of promoting cleaner energy.

According to the Singapore Green Plan, the city-state aims to promote cleaner energy, with nearly three in four car owners supporting the national target for all vehicles to run on cleaner energy by 2040. This shift towards EVs is not only environmentally friendly but also addresses the concerns of many drivers, as one in five non-EV drivers would be more likely to go electric if EV-specific insurance were available.

Kelvin Chan uses Income's eDrivo Car Insurance, a policy tailored for EV owners. This insurance offers various benefits, including Emergency Mobile Rescue, coverage for damage to charging points on private property (available as an add-on), and unlimited battery replacement if damaged in an accident. The Emergency Mobile Rescue coverage extends to Singapore and selected areas in Malaysia, including Kuala Lumpur and Penang.

Income's eDrivo Car Insurance also provides cyberhacking coverage for damage or loss caused by cyberattacks on the vehicle's systems. This add-on is especially useful for homeowners with their own charging set-up.

However, the switch to EVs is not without concerns, especially among older drivers. They express worries about cost-related factors such as battery replacement and resale value, battery safety, and charging speeds. Younger drivers, on the other hand, have concerns about charging accessibility, high maintenance costs, and range anxiety when considering switching to electric vehicles.

Interestingly, Kelvin Chan did not express concerns about these factors when considering his switch to an EV. This could suggest a growing confidence in the reliability and affordability of EVs, especially among those with demanding lifestyles.

Despite the increasing popularity of EVs, nearly a third of current EV drivers worry about the lack of tailored protection. Income's eDrivo Car Insurance aims to address this concern by offering comprehensive coverage for EV owners.

As more Singaporeans, like Kelvin Chan, make the switch to EVs, it becomes clear that the future of transportation in Singapore is electric. With the support of insurance providers like Income, this transition could be smoother and more accessible for all.

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