Rising interest rates pushing EVs out of reach for Canadians: KPMG poll

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Rising interest rates pushing EVs out of reach for Canadians: KPMG poll
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Cost is clearly on Canadians’ minds as 80 per cent told a KPMG poll that interest rates have priced EVs out of their budget. Read on

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“With expectations of a recession and sharply higher financing rates, our poll research shows consumer sentiment has shifted to pragmatism over ‘the machine of a dream’,” Peluso said. KPMG also cited delays in delivery, “charger anxiety,” limited availability, long-wait times and skepticism over battery technology as some of the reasons why Canadians are putting off buying an EV.

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