Millennials are showing the most interest in purchasing an electric or autonomous vehicle over other age groups, according to a recent study conducted by Chase Auto Finance.
Chase found that 43% of millennials are likely to purchase an electric vehicle, as compared to 37% of consumers ages 35 to 44; 20% of consumers ages 45 to 54; and only 11% of consumers 55 to 64.
“It’s not surprising that millennials are early adopters of electric vehicles given how they’ve grown up with technological innovation,” Jim Manelis, Chase Auto Finance’s head of direct lending, told Auto Finance News. “As prices come down, I wouldn’t be surprised that more people migrate toward them as technology gets cheaper.”
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