IAG report shows millennials lead Australia’s EV adoption intent, with nearly 90% eyeing EVs as next car

IAG analysis in NRMA Insurance’s Changing Gears report flagged rising Australian EV intent, led by millennials with nearly 90% targeting an EV next. BEV consideration rose to 31% from 20% since 2024; PHEV consideration increased to 58% from 41%. Millennials showed the strongest demand signals, with 63% seeking more EV information; 80% backed battery health monitoring and testing. Adoption headwinds centered on ownership confidence, with resale value confidence dropping to 56% from 76%. ROLLiN’s EV motor policies reached 10% by August 2026, nearly doubling year-on-year, indicating accelerating insured EV penetration. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IAG — Insurance Australia Group Limited published the original content used to generate this news brief on September 24, 2026, and is solely responsible for the information contained therein. (C)