It has been argued that electric vehicles are more affordable to own and use than gasoline-powered vehicles, which, however, are becoming more complex. Insurance records reveal that EV drivers are now paying much more in premiums, and Nissan has officially ended the chapter of the gasoline-only GT-R. Meanwhile, China has unveiled the extent of electricity its EV charging infrastructure will use, and the figures are fast-crazy.
EV Insurance Premiums Cost Nearly 50% More Than Gas Cars
Insurify has published a new study showing that the cost of insuring an electric vehicle is 49% higher than that of a driver of an internal-combustion car. EV owners, on average, are paying more than $3,442 a year, or $286 a month, whereas gas cars cost $2,320 a year, or $193 a month. That is over $1,100 additional yearly to insure an EV. Tesla’s vehicles already have a tracked record of hiking insurance prices, mainly from vandalism.
The causes boil down to repair, labor, and replacement value. Mitchell, in his EV Collision Insights report, has indicated that EV repairs are estimated to be 22% pricier than gas car repairs and also take approximately two times the amount of man-hours to fix. The fact that a significant number of EVs use manufacturer-specific parts does not allow insurers to count on a broad availability of low-cost aftermarket or recycled parts.
Factor in the expensive nature of advanced driver assistance systems (ADAS) and the danger of battery damage, and the bill to repair a minor collision can be quickly inflated. A minor incident that could cost someone $2,500 to repair a Toyota Corolla would cost over $20,000 on an EV in the event the battery pack is damaged.
Tesla is the most expensive car to insure EVs, with the Model X making an average of almost $4,800 as an annual premium. Although analysts forecast the insurance rates will stabilize as EVs gain more widespread usage and repair networks become widespread, in the meantime, EV ownership is more costly in terms of insurance coverage.
Nissan Retires the Gasoline-Only GTR
One of the most recognizable performance cars ever to be built in Japan, the Nissan GT-R has officially passed the gasoline-only phase. An R35 GT-R in Midnight Purple Premium Edition T-Spec was the final car to leave the assembly line in what was almost 18 years of manufacturing.
Nissan makes it clear that it is not all over with the GT-R. The CEO, Ivan Espinosa, assured that the badge will be reintroduced, but he requested the fans to bear with them as the company reinvents the platform in the future.
There have been hints shown by executives during the 2025 New York Auto Show that the next-generation GT-R, probably the R36, will have hybrid technology. Even the BMW CEO declares that an EV-only strategy is a dead end. Although a fully electric GT-R is a scenario that cannot be seen in the near future because of performance constraints, Nissan is looking at a twin-turbo V6 with a hybrid system. The electrified future of cars could be shaped with the help of solid-state battery technology, which is likely to be deployed in 2028.
China’s EV Charging Usage Reaches 7.7 TWh in Just One Month
China is well ahead of other global EV adoption and infrastructure. In July 2025 alone, the enormous charging system in the country provided 7.7 terawatt-hours of electricity to electric cars.
That is a near fantasy. It is 192 times the yearly production of Tesla at Gigafactory Nevada, or one Tesla Model 3 that drives 1.7 billion miles. In other words, it is about as much electricity as the State of New York imported from Canada in the whole year of 2024.
There are over 25 million battery-electric cars on the road and approximately 16.7 million charging stations throughout China – about two chargers per five vehicles. The U.S. is, by comparison, currently providing one public charger per 18 EVs.
The rate of expansion is astounding: almost 3.9 million new chargers have been installed in the first seven months of 2025, and EVs’ electricity consumption increased by over 40% over the past year.
