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Auto Physical Damage

Plugged-In: EV Collision 黑料社区 Q2 2023

August 10, 2023
3 MIN READ

Ryan Mandell

Director of Claims Performance, Auto Physical Damage, Mitchell, An 黑料社区 Company

Electric vehicle (EV) repairable claims frequency rose to 1.49% in the US and 2.64% in Canada in Q2 2023, which is an increase of 0.36% and 0.23% respectively over Q1. Tesla, the largest EV manufacturer in the world, saw its U.S. market share of repairable vehicles fall to 74.57% of all EVs repaired. This is down from 75.8% in Q1 2023, signaling that ongoing growth in the number of available EV models is affecting the types of vehicles repaired in collision facilities. The most notable movement was in the repairable claims frequency of the F-150 Lightning, Ford鈥檚 new battery electric light-duty truck. It saw more than double the volume in Q2 2023 compared to Q1, rising from 1.25% to 3.05% of EV repairable claims in the US. In Canada, however, Tesla鈥檚 market share actually increased to 70.67%, up from 67.87% in Q1, with the Model S reappearing in the top 5 list of most frequently repaired EVs in the country.

EV Frequency of Repairable Claims Volume Q2 2023

Analysis of Q2 2023 claims data shows that EVs tend to be designated non-drivable at a lower frequency than their (ICE) counterparts. In Q2 2023, only 10.31% of EVs were classified as non-drivable compared to 13.11% of ICE vehicles. The relative lack of moving parts means that an EV鈥檚 critical powertrain is less likely to be compromised during an accident. While certain ADAS components may be disrupted due to an advanced level of interconnectivity, the vehicle still has a higher likelihood of remaining drivable. EVs are, however, more apt to be considered non-drivable after a rear-end impact (10.87%) than ICE automobiles (9.72%). This is primarily due to the presence of powertrain components in the rear of the vehicle鈥攕uch as an electric motor鈥攖hat are lacking in ICE automobile design.

As it relates to average severity for repairable vehicles, EV costs continue to exceed those of ICE automobiles. For Q2 2023, severity costs were higher for EVs by $963 in the US and $1,328 in Canada. However, when looking at just Teslas compared to ICE vehicles, the cost differential jumps to $1,589 and $1,600 respectively in each region. OEM parts utilization and average refinish hours also remain higher for EVs (by 24.25% and 0.49 hours in Q2) while the percentage of parts repaired is lower (by 5.71%) than for ICE-powered alternatives.

As it relates to average severity for repairable vehicles, EV costs continue to exceed those of ICE automobiles. For Q2 2023, severity costs were higher for EVs by $963 in the US and $1,328 in Canada.

The recently released showed a dramatic increase in the number of U.S. consumers (48% or nearly half) considering an EV or plug-in hybrid for their next vehicle purchase (up from 29% in 2022). GM reported that more than doubled in Q2 2023 compared to Q2 2022. In addition, both during the second quarter as well. Automakers continue to push toward a more electrified future with an ever-broadening lineup of EV offerings. For example, Stellantis鈥攈aving found success with the Jeep 4xe platform鈥攔ecently announced the release of the Jeep Avenger. The Avenger is the first full EV in the manufacturer鈥檚 lineup to make its debut and the the company plans to use to reach its goal of 50% EV sales in the US by 2030.

EV Q2 2023 Statistics

EV Average Repairable Severity Q2 2023

By the Numbers

Top North America EV Markets Based on Repairable Claims Frequency Q2 2023

Top EV Model Frequency by Region Q2 2023

*Difference between Q2 2023 and Q1 2023.

 

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