Are EVs a fire risk for insurers?

Most EV batteries are considered a low fire risk and rigorous standards apply, however a perception persists among media and the public that EVs are a high fire risk, some insurance stakeholders say.

That’s according to Insurance Business Australia which quotes an International Union of Marine Insurance (IUMI) source after the Fremantle Highway car carrier fire as saying EV fires are not more dangerous than internal combustion engine (ICE) fires and just need to be addressed differently.

IUMI has published a best practice guide for transporting EVs on ships with research about EV fires.

An accompanying release suggests shipping community concerns are growing about fires on car carriers but says research shows fires in battery EVs are not more frequent or more dangerous than ICE fires.

Go to AutoTalk Australia for more on this story.