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.  

It’s time to log in (or subscribe).

Not a member? Subscribe now and let us help you understand the future of mobility.

Pro
£495/year
or £49.50/month
1 user
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
no
OEM Tracker
no
OEM Model Plans
no
OEM Production Data
no
OEM Sales Data
no
Pro+
£1,950/year
or £195/month
1 user
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes
Pro+ Team
£3,950/year
or £395/month
Up to 5 users
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes
Pro+ Enterprise
Unlimited
News
yes
Magazine
yes
Articles
yes
Special Reports
yes
Research
yes
OEM Tracker
yes
OEM Model Plans
yes
OEM Production Data
yes
OEM Sales Data
yes

Related Content

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