Matthew Enderby

Intelligent Motoring launches new EV dealer warranty plans - Bringing revenue and retention opportunities to independent garages nationwide

Intelligent Motoring has launched comprehensive Electric Vehicle (EV) and Hybrid Electric Vehicle Warranty plans to its Warranty Assist portfolio.

Posted on Feb 15, 2023 by Matthew Enderby

Reading 15th February 2023 – To ensure its 2000 strong network of independent dealers keeps pace with the UK’s adoption of electric vehicles, Intelligent Motoring has launched comprehensive Electric Vehicle (EV) and Hybrid Electric Vehicle Warranty plans to its Warranty Assist portfolio.

The addition of EV specific policies follows Intelligent Motoring's first-to-market launch of a direct-to-consumer extended warranty, through its Direct to Customer (D2C) business, MotorEasy.

Duncan McClure Fisher, Intelligent Motoring CEO, said, “Analysis of MotorEasy extended warranty quotes for 2022, revealed an 86% year-on-year increase* in EV and hybrid plans, confirming significant demand by EV owners for financial peace of mind against the unexpected. With some common repairs 400% higher for EVs than their combustion engine counterparts, it’s not surprising that consumers are seeking reassurance that they can afford the ownership costs that come with making the switch from petrol or diesel to EV.”

Designed specifically for the used car market, the new dealer extended warranty plans provide the UK’s highest level of dealer support both online and offline, including dedicated specialist account management and access to a remote digital portal for claims and policy renewals. The EV and Hybrid warranties cover repairs from £250 up to the purchase price and is available for vehicles up to ten years old and with mileage of up to 100,000 miles. They can be purchased through Intelligent Motoring partner dealers as 3, 6, 12 or 24-month plans.

Duncan McClure Fisher continued, “It is vital our independent dealer partners can capitalise on the UK’s EV transition, providing a comprehensive extended warranty alternative to franchised dealers who currently dominate the market when it comes to warranty repair and maintenance on alternative fuel vehicles. By offering a dedicated EV extended warranty, our network now has the confidence it can boost customer acquisition, enhance their experience and build loyalty, in turn strengthening financial resilience for the long term.”