Gen Z Has a Hilariously Simple Reason for Wanting To Drive EVs
Gen Z likes electric vehicles, but not for the reason you may think. What’s the appeal?
Written by Andrew Kidd
Reviewed by Kathleen Flear
Zoomers like electric vehicles—but not for the reason you may think.
Members of Gen Z were the only demographic group surveyed by
Jerry
whose primary motivation to drive EVs wasn’t the environmental factor; interestingly enough, 32% of Gen Z respondents say they’d drive one simply because they’re cool.Generation Z
is the demographic cohort following Generation Y (popularly referred to as Millennials). Gen Z, colloquially known as “zoomers,” are typically the children of Generation X parents.Surprisingly, it was the Baby Boomers—parents of Gen Y and some late Gen X—who chose their concern for the environment as their top motivation to purchase an EV, with 38% compared to 37% of boomers citing gas expense savings as their main reason.
Are EVs finally cool?
EV ownership is on the rise, with major automakers shifting to incorporate electrified powertrains in their line-ups as legitimate offerings. And to the benefit of us all, these aren’t the milquetoast hybrid EPA compliance cars of yesteryear.
When EVs don’t look like hot garbage, they’re more likely to grab the attention of prospective buyers, including the current “it” generation.
Who can blame them for appreciating the cool factor of contemporary EVs when they can choose from vehicles like the Tesla Model S, the Ford Mustang Mach-E and the
Porsche Taycan
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Cool, but not yet the most popular
Despite EVs having a glow-up, less than 1 in 10 Americans (8%)
surveyed by Jerry
at the end of 2021 owned an EV. Today, Gen Z drivers are most likely to be behind the wheel of an EV (18%), followed by millennials (11%), Gen X (4%) and Baby Boomers (1%).As automakers and
governments invest in EVs
for 2022 and beyond, it isn’t unreasonable to expect half of cars on the road to be EVs in 10 years.Potential savings at the pump also drive interest in electric cars
The number one reason Americans are interested in buying an EV as their next car is the savings at the gas pump.
While many Americans support green initiatives, the financial impact of rising gas prices takes priority, with 63% of those surveyed saying rising gas prices impact how frequently or how far they drive.
EVs aren’t cheap, either. EV prices were on average $11,000 higher than full-sized gas-powered cars in 2021. While EVs may save drivers on gas expenses, Jerry data indicated that EV drivers may pay more in other areas, such as the cost of car insurance.
Why are electric vehicles more expensive to insure?
EVs are notoriously expensive to insure compared with gas guzzlers, as electric powertrains typically offer more instantaneous torque off the line. They’re also pretty advanced, with fewer mechanics qualified to fix them.
That means higher premiums; in 2021, EV drivers paid on average $214 per month for car insurance versus $156.50 per month to insure gasoline-powered vehicles.
Let Jerry do the legwork for you
No matter what type of car you drive, you can save money on car insurance.
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customers save an average of $887 a year to insure their vehicle. If you’re deterred by the work of gathering quotes and you’d rather leave it to someone else, the Jerry app collects quotes from over 50 top insurance companies, like Nationwide, Allstate, Safeco, Progressive, and Travelers, in seconds! Jerry even helps cancel your old policy once you’ve made your pick.Once you download Jerry, just answer a handful of questions that will take you roughly 45 seconds to complete and you’ll immediately get car insurance quotes for coverage similar to your current plan.
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