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New Report Shows More EV Buyers Are Embracing Affordability

13 Oct 2024 | Abstracted from San Diego Union Tribune

"[Experian's] report found that non-luxury EVs are slowly making up more of the market, growing from 22.7% last year to 26.6% in Q2 2024. Nearly 60% of EV buyers cited affordability as a key factor in their decision-making...the percentage of exotic and luxury models declined from 77.3% to 73.4% year-over-year

"EVs continued to make significant gains...accounted for more than 3.5 million, an increase from approximately 2.7 million..."

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