1 Eye-Popping Figure EV investors Need to See

The move to electric vehicles (EV) has been happening slowly for many reasons. One of the points of friction has been the lack of charging infrastructure. But there's one eye-popping number and a tipping point figure that should have EV investors thrilled, not just Tesla investors.

One of the biggest questions outside charging concerns that faced EV early adopters was the inflated price tag that came along with the cars themselves. Now, customers are finally starting to see signs that EVs are ready to go mainstream.

One such sign is that 26% of consumers who financed an EV were willing to commit to a price tag that topped $1,000 monthly, nearly double the rate of those financing a traditional gasoline vehicle, according to Edmunds. Also as of this year, consider that the 14% of gasoline-only vehicle consumers committing to $1,000 or more a month in payments was the highest on record.  

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Source Fool.com