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Rich Millennials View EVs as a Status Symbol
Electric vehicles are becoming a status symbol among wealthy millennials in America. While high EV prices have kept a majority of U.S. drivers from purchasing electric cars, the nation’s millennials are taking to EVs despite their often exorbitant prices. According to a J.D Power Survey, 72% of millennials expressed interest in purchasing an EV, with 37% being “highly likely” to buy an electric vehicle as their next car.
A trip to affluent Silicon Valley neighborhoods will reveal white Teslas parked on nearly every block. With 42% of all electric cars in…
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