Insurers Raise Concerns Over Fire Risks from Electric Vehicles on Ships

The transport of electric vehicles (EVs) on ships has introduced new fire risks that are significantly different from those posed by traditional fuel cars, leading to growing concerns among insurers. Recent incidents have highlighted the unique dangers associated with EV fires onboard, which are harder to extinguish and can lead to more severe consequences. This situation has prompted calls for EV manufacturers, including Mullen Automotive Inc. (NASDAQ: MULN), to address these challenges proactively. The insurance industry's apprehension underscores the need for innovative solutions to ensure the safe transport of EVs, as the sector continues to expand globally.