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High insurance costs threaten EV boom as the sector pivots to smart tech
May 18, 2026
< 1 min read
by Hania Humayun
for CryptoPolitan
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Families across Europe are feeling the squeeze from soaring car costs, with insurance premiums up 37% since 2021 and repair and maintenance expenses rising 20–30% as vehicles become more complex and parts like batteries grow pricier. This hit to household budgets could reduce discretionary spending and weigh on crypto and DeFi adoption and market activity, highlighting consumer risk and potential market impact.
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Families across Europe are struggling to keep up with soaring car prices, which have been a significant drain on household budgets since the epidemic. Insurance premiums have risen by 37% since 2021, while repair and maintenance expenses have risen by 20% to 30% as vehicles have become more complicated and parts such as batteries have...
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