EVs are an evolution on Motability, the tiny cars arrive first, then progressively larger cars.
EVs are also an evolution with the insurance industry, they see the power output & immediately put the cars into the same groups that they’d put a petrol car of the same. They don’t factor in the power to weight ratio, which is probably what they should do, but the flip side is the way EVs drive at low speeds; very quickly off the mark.
I can’t see the insurance groups groups dropping either, not as long as the insurance industry execs in their fossil BMWs, Audis & Mercs, keep losing out off the mark to EVs at every traffic light & roundabout. However, once those same people get EVs themselves, then the insurance groups will fall.
Cost of the cars doesn’t help, EV prices are currently artificially high as the fossil companies cash in using their repurposed fossil designs with an EV drivetrain shoe-horned in. Once we see more EVs designed to be only EVs, the costs will be much lower & the price to prop up the fossil industry will disappear.