Tesla owners saw insurance premiums soar in China after the authorities implemented commercial insurance rules for new energy vehicles at the end of last year.
The exclusive insurance terms took effect on Dec. 27, 2021.
China Specifies Insurance Terms for New Energy Vehicles, Tesla Premiums Surge
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People charge their Tesla vehicles at a charging station inside a mall in Shanghai on October 23, 2017. Chandan Khanna/AFP via Getty Images
By Shawn Lin
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