Drive towards Sustainable Energy

AXA Gulf Launches the First Insurance Solution for Electric Vehicles in the UAE

 

By Shereen Shabnam

 

AXA Gulf is offering the first insurance solution of its kind in the region for electric vehicles in the UAE. The drive is initiated to encourage the consideration of eco-friendly vehicles and support the UAE to achieve its target of at least 34,000 of vehicles of hybrids and EVs by 2020 while targeting 20% of the vehicle market to be eco-friendly by 2030. Third-party property damage coverage increased to AED 3.5 million for Tesla Club Scheme

 

As one of the leading international insurers in the region, AXA Gulf is commitment to support sustainability and the insurance solution for electric vehicles covers customers under the Tesla Club Scheme in the UAE and the Gulf region.

 

The announcement was made during the first Emirates Electric Vehicle Road Trip (EVRT) whereby AXA Gulf participated as the official insurance sponsor and is provided commercial coverage for the Tesla Model X and Tesla Model S as they journeyed over 700 kilometers, unveiling charging stations in Ras Al Khaimah, Fujairah and Abu Dhabi with eight other electric vehicles.

 

Dubai is the first city in the region to express its desire to achieve green mobility, having set targets to reduce carbon emissions by 16 percent by 2021. The aim is to have a target of 20 percent eco friendly vehicles in place of all new cars purchased between 2016 and 2030. Furthermore, Dubai Electricity and Water Authority (DEWA) also recently announced that it installed 100 electric chargers across the emirate in key locations such as Dubai Airports, Dubai Municipality, RTA, shopping malls, petrol stations, hotels and various parking areas in an attempt to promote the use of electric cars.

 

AXA’s new insurance plan will include: own damage cover, third party bodily injuries, third party property damage which is increased to AED 3.5 million, natural perils cover, Oman extension cover with all comprehensive policies, free roadside assistance and more with each policy.

 

It is indeed refreshing to see organisations investing in green energy. AXA strongly believes that through new technologies and innovative approaches, insurance solutions that are adapted to the emerging renewable energy risks will be key to securing investments in sustainable and green energy for the future.

 

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