LV= General Insurance has launched ElectriX, a one-stop shop offering drivers everything they need to get on the road with an electric car – from leasing a vehicle, through to buying a home charger and getting electric car insurance.
Leasing
The electric car market is taking off, with battery electric cars accounting for 11.6% of all UK car registrations in 2021 and 16% of new car sales in June 2022. Many drivers are interested in making the switch, but are potentially confused or put off by upfront costs, the fear of the unknown when it comes to range anxiety and battery life, or the challenges of charging while on the road.
ElectriX helps solve these issues by demystifying the buying experience and making it easy to make the switch by providing everything in one place. From finding the right car through vehicle leasing experts CBVC Vehicle Management, providing a home charging solution via leading provider Indra, and offering bespoke insurance from LV= as well as useful guidance and advice, ElectriX is designed to give drivers confidence in electric cars.
Smart home charging
The home charging solution with Indra gives drivers the chance to buy a Smart PRO home charger, which is compatible with all electric cars. The charger is designed to help drivers charge their car from home when it is cheapest and most convenient for them, with speeds up to 7.4kW boosting an electric car’s range by 30 miles in an hour. Prices start at £1,149 and include free installation with a standard 5-metre cable and the option of having a 15-metre cable at no extra cost. The charging package also includes a series of smart features, including a personal charging schedule, solar compatibility, automatic software updates and home fuse protection.
Insurance
LV= General Insurance is one of the leading providers of electric car insurance in the UK and launched the first bespoke product back in 2019. The insurance provides tailored cover to meet the specific needs of electric car owners and includes cover for home charging cables and wall boxes, the supply of electric or hybrid courtesy cars and access to a network of specialist electric car repairers across the country. It also covers drivers if they run out of charge, either via a 30-minute charge at the roadside or transportation to the nearest charging unit as well as a 90-day quote validity and LV= Britannia Rescue breakdown cover.
Gill Nowell, head of EV communications at ElectriX, commented: “Electric cars are our future and are rapidly gaining in popularity as being great cars to own and drive. The tide is turning in favour of zero tailpipe emission vehicles, with battery electric cars making up 16% of car sales during the first half of 2022, but we still have a long way to go. This is where ElectriX comes in. We want to take the hassle out of electric car ownership which is why we’re giving drivers who are thinking about making the switch access to useful information, products and services, demystifying some of the common jargon used and be a source of truth when it comes to zero tailpipe emission driving.”