Government policies on climate change and consumer demand could see the number of electric cars reach 100 million by start of next decade compared with seven million today. / New risk challenges to manage for automotive industry and their insurers: potential defect and performance issues; more complex and costly repairs; new fire and cyber threats; and even sustainable sourcing and disposal of critical components and raw materials. / Increasing complexity of supply chains and use of new technology will have a strong impact on product liability insurance in the commercial insurance segment.