Attractive government incentives, falling prices and a global focus on decarbonisation is resulting in an ever-increasing demand for electric vehicles (EVs), with the United States and Europe in particular seeing significant growth in sales.  In an attempt to meet this demand, new entrants to the EV manufacturing market are using developing technologies to produce EVs quickly and at significantly reduced prices.  Production of EVs (and EV parts) is likely to remain predominantly in Asian jurisdictions such as China, Taiwan and South Korea, requiring them to continue to balance this high demand against the increasingly stringent safety standards of the West. While the EV manufacturing market continues to develop rapidly, we anticipate an increase in product recalls and product liability claims, particularly in the United States and Europe. With many EV manufacturers supplying parts to multiple car manufacturers, the risk of significant claims arising out of a product defect substantially increases. In light of this rise in EV-related product recalls and product liability claims, we are seeing insurers taking a more cautious approach to risk by offering higher premiums or different terms for those products sold to the United States and Europe.