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Gen Z and Millennials Favor EVs, Survey Shows - What Does That Mean for the Future of Gas-Powered Vehicles?

10 Aug 2023 | Abstracted from GoBankingRates

"...recent J.D. Power survey revealed that Gen Z is the fastest-growing segment for EV consideration, with millennials leading in overall consideration at 72%

"Younger generations are highly conscious of social justice and willing to pay more for products aligned with their values. They understand the severe impact of climate change and prioritize avoiding gas-powered vehicles...While gas vehicles won't vanish overnight, the rapid growth of EVs is likely to cause a decline in the popularity and sales of gas-powered vehicles."



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