reports that by 2025, the goal is to increase standards for mileage to 5%, then up it one or two percent higher for 2026. By 2030, President Biden aims to, at minimum, halve all greenhouse gas emissions from the U.S.
So how might this ultimately affect you and your insurance rates?
explains, certain electric models can add as much as 45% to your premium, though this does appear to be changing somewhat. Some EVs do cost less to insure than similar gas-powered alternatives, but this is not the norm.
Genevieve holds a BSc in Psychology from the University of Victoria in British Columbia, Canada, but her first and forever loves are writing and editing. She is passionate about creating transportive experiences for readers and feels most at-home in the literary world. When she's not writing about finance or car insurance, you can probably find Genevieve watching a good film, looking for sushi, or putting on her chef's hat in the kitchen.