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