According to data from Cap HPI, Electric vehicles (EVs) are not being scrapped at a higher rate than internal combustion engine (ICE) vehicles, despite concerns over higher repair costs.

The data indicates that petrol and diesel cars are being written off and scrapped by insurers at twice the rate of EVs.
These findings follow industry calls to analyse EV scrappage rates amid suspicions that EVs were being scrapped at higher volumes than petrol and diesel vehicles.
Cap HPI’s analysis compared two scenarios: pure electric vs. ICE and electric and hybrids vs. ICE.
Pure Electric vs. ICE
- One year and under: 40 EVs (0.01%) scrapped out of 334,525 on the road, compared to 701 ICE vehicles (0.03%) out of 2,026,146.
- Three years and under: 782 EVs (0.09%) scrapped out of 912,341, compared to 10,300 ICE vehicles (0.18%) out of 5,788,617.
- Five years and under: 1,433 EVs (0.13%) scrapped out of 1,130,581, compared to 33,700 ICE vehicles (0.33%) out of 10,278,745.
Electric and Hybrid vs. ICE
- One year and under: 203 EVs and hybrids (0.02%) scrapped out of 960,902, compared to 544 ICE vehicles (0.04%) out of 1,406,637.
- Three years and under: 2,356 EVs and hybrids (0.10%) scrapped out of 2,389,352, compared to 8,726 ICE vehicles (0.20%) out of 4,311,606.
- Five years and under: 4,635 EVs and hybrids (0.15%) scrapped out of 3,057,881, compared to 30,528 ICE vehicles (0.37%) out of 8,351,445.
These findings suggest that the longevity of EVs is comparable to, if not better than, that of ICE vehicles, alleviating concerns about their higher repair costs leading to increased scrappage rates.
Jonathan Clay, Cap HPI identification director, said:
“It’s essential that the industry has an accurate picture of emerging trends as the EV market continues to develop. With repair costs for EVs running up to 29% higher than ICE vehicles, according to a Solera study, it’s important to understand the impact on scrappage rates.”
Source www.am-online.com


