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

By Public Technologies
  • 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.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.