TCOR
TREECON RESOURCES INC
stockOTC

Didn't call out that it was only EV's causing the increase. Also the article is from last year. Looking at something more recent: [https://www.cnbc.com/select/electric-car-insurance-what-you-need-to-know/](https://www.cnbc.com/select/electric-car-insurance-what-you-need-to-know/) >According to the [National Association of Insurance Commissioners,](https://content.naic.org/cipr-topics/electric-vehicle-insurance-rates) insuring an EV can cost up to 20% more than a gas-powered car.  I think just the general trend of cars getting more expensive just also means that insurance is going to get more expensive and cars getting more technological adding to costs: [https://www.cccis.com/news-and-insights/posts/what-is-vehicle-complexity-really-costing-us](https://www.cccis.com/news-and-insights/posts/what-is-vehicle-complexity-really-costing-us) >According to CCC’s collision and liability data, the total cost of repair (TCOR) for vehicles manufactured in 2021 with autonomous emergency braking (AEB) and [Level 2 ADAS](https://cccis.com/news-and-insights/insights/the-adas-effect-on-vehicle-diagnostics-and-repair-in-2023/) technology ranged from **15% to 19% higher** than vehicles manufactured in 2015 that weren’t equipped with these technologies. Insurers factor in these additional costs when calculating premiums, resulting in higher rates. >Growth in vehicle complexity is also driving the need for collision repairers to make more significant financial investments in tooling, training, and, of course, labor. Thus far in 2023, 47.4% of non-comprehensive claims include mechanical labor, which now has an average hourly rate of $115.15 (+8.6% vs. 2022). **(Figures 3 and 4)** And as shops incur higher costs to attract, train, and retain talent, we might expect to see continued increases in labor rates within this highly competitive market.