New report shows more EV buyers are embracing affordability ...Middle East

The Orange County Register - News
New report shows more EV buyers are embracing affordability
source : The Orange County Register ( Middle East ) () 103
More and more consumers are prioritizing affordability when it comes to electric and hybrid vehicles, tilting momentum away from luxury EV brands, according to a new report. Experian’s Automotive Consumer Trends Report: Q2 2024 reflects an ongoing transformation in electric vehicle sales driven by technological advances, increased competition and government incentives. As a result, EVs and hybrids are becoming more accessible to a broader range of consumers. The 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 […]

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