Skip to content

Is EV ownership becoming too expensive for young adults? 

The accelerated timeline for electrification could inadvertently be making it difficult for young people to own an EV. By Stewart Burnett 

Electric vehicles (EVs) may be the future, but young adults throughout Europe are facing disproportionate challenges affording them. Only 21% of all EVs owners in the UK were under 25, according to 2021 data from Statista. This does not reflect a lack of interest in sustainability—according to a 2020 study by First Insight, 73% of Gen Z is willing to spend a little extra to ensure a product is eco-friendly.  

Subscribe to Automotive World to continue reading

Sign up now and gain unlimited access to our news, analysis, data, and research

Subscribe

Already a member?

https://www.automotiveworld.com/articles/is-ev-ownership-becoming-too-expensive-for-young-adults/

Welcome back , to continue browsing the site, please click here