Financial expert explains: Use of advertising tracking by third parties vs. PUR subscription for 4.99 euros/month

Financial expert explains: Use of advertising tracking by third parties vs. PUR subscription for 4.99 euros/month

According to a report by www.augsburger- Allgemeine.de, owners of e-scooters without insurance must expect high fines. This regulation affects numerous users because many have no knowledge of the insurance requirement.

As an economic expert, it is important to analyze the impact of this regulation. E-scooters are becoming increasingly popular as an environmentally friendly and practical alternative in urban transport. However, compulsory insurance could lead some users to decide against purchasing an e-scooter because the additional costs are a deterrent. This could lead to a decline in e-scooter sales and slower market penetration.

In addition, the insurance requirement could cause existing e-scooter owners to no longer use or sell their vehicles. This in turn would have financial implications for companies that rent or sell e-scooters.

For consumers, compulsory insurance means higher costs that many have not planned for. This could lead to the use of e-scooters becoming less attractive as a cost-effective mobility solution.

Overall, compulsory insurance for e-scooters could lead to the market for these means of transport in Germany temporarily stagnating or even shrinking before consumers get used to the new regulations and take out appropriate insurance.

It remains to be seen how the insurance industry will respond to this development and whether e-scooter insurance costs may decrease in the future to encourage demand.