"Separate Battery, Separate Insurance": New Energy Vehicle Insurance Pilots Accelerate Toward Dual-Model Approach

Spurred by policy guidance and active efforts from insurers, the exploration of commercial auto insurance for new energy vehicles (NEVs) under the "vehicle-battery separation" model is accelerating. This approach involves insuring the vehicle and its battery separately and has the potential to reduce consumers' vehicle purchase and insurance costs in specific usage scenarios. However, industry insiders note that this new model places higher demands on insurers in terms of risk identification, precise pricing, and claims settlement services. Currently still in the pilot phase, widespread adoption will take time. In the future, the NEV insurance market may evolve into a dual-track structure featuring both "integrated vehicle-battery" and "separated vehicle-battery" models.