Why insurance premiums differ for the same car
Two South Africans can drive the same make and model of car yet pay very different monthly insurance premiums.
- Industry News
- 23 April 2026
Ascend Elements, a US-based engineered materials and lithium-ion battery recycling company, recently released consumer survey results on electric vehicles (EVs) and EV-battery recycling.
Some of the most surprising finds were that nearly half of US consumers mistakenly believe EV batteries aren’t recyclable. Another widely held misconception by more than 37% of Americans is that they do not know that recycled lithium-ion battery materials can be used to make new EV batteries.
From the survey, it has also transpired that American consumers have increasingly become more positive about EVs over the past three years. 46% say EVs will outsell gasoline-powered cars in their lifetime, 59% say EVs are better for the environment than fuel-powered cars and 59% say EVs will save them money over the lifetime of the vehicle.
Other interesting finds that were reported include:
Supporting the Pope on Africa soil in or on vehicles assembled on the continent, is the story of OPAIA Motors.
Two years ago, the cheapest mainstream electrical vehicles (EVs) in South Africa were mostly premium products priced well above R700 000.
Geely Auto has lifted the curtain on a new hybrid technology that it believes can redraw the balance of power in a segment dominated for decades by Japanese brands.