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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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