Page 32 - Insurance Times July 2024

The charging infrastructure is still being developed, and the Regenerative braking system
stations are not evenly distributed. While more charging
stations are available in urban areas and places where Another important component of EVs is the regenerative
affluent communities live, they are sparse in rural areas and braking system (RBS), also known as kinetic energy recovery.
places where low-income communities reside. This could This system operates when the driver applies the brakes or
lead to charging anxiety, a feeling of uncertainty regarding eases off the accelerator. The electric motor operates as a
charging station availability, and potential overcrowding, generator to convert the vehicle's kinetic energy into
resulting in extended wait times. In areas with limited electric energy, and this energy is sent back to the vehicle's
charging options, there's a risk of racial segregation and storage for future use. The challenge with RBS is that a
discrimination for drivers. significant drag occurs when the driver applies the brakes

Figure 2 Evolution of EVs and Insurance

The Insurance Times July 2024 29