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EV buyers are younger, more affluent than hybrid shoppers

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Nissan Leaf

If you’re a real estate broker and see someone pulling up to your listed property in a Nissan Leaf, you should probably pay attention, because there’s a pretty good chance that the driver of the very quiet car will be able to score a mortgage. According to data from Experian Automotive, EV owners tend to be both younger and more affluent than buyers of hybrid vehicles. Additionally, those EV buyers have excellent credit, says Experian, whose expertise is keeping track of these things.

The average credit score of someone who leased an EV last year was 747, compared to the 729 average for hybrid lessees. Age wise, about a quarter of EV buyers are at least 56 years old, compared to 45 percent of hybrid buyers (something not lost on this reporter, whose parents both drive hybrids).

On the money front, EV buyers borrowed an average of $2,000 more than hybrid buyers (almost $27,000 vs. $29,000) but their interest rates were a tenth of a point lower. Good credit has its privileges. As for relative riches, 21 percent of EV buyers had a household income of at least $175,000, whereas just 12 percent of hybrid buyers live in that rarified air. Check out Experian’s press release below.

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EV buyers are younger, more affluent than hybrid shoppers originally appeared on AutoblogGreen on Mon, 28 Apr 2014 07:54:00 EST. Please see our terms for use of feeds.

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