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EV consumer credit profiles mirror luxury ICE borrowers

New EV market share is expected to reach about 40% by 2031

Riley Wolfbauer

Consumers financing electric vehicles (EV) display similar credit qualities as borrowers financing luxury internal combustion engine (ICE) vehicles, providing a glimpse into credit profile trends as EV adoption continues to gain traction.  Many EV consumers have high FICO scores and low delinquency rates, earning loans with low annual percentage rates (APR), in line with trends […]

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