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EV financing likely to double in next five years

Electric and hybrid vehicles accounted for 6.7% of vehicle financing in Q420

Amanda Harris

The share of electric and hybrid vehicle financing could reach double digits within the next five years. Electric and hybrid vehicles accounted for 6.7% of cars financed in the fourth quarter of 2020, more than doubling from 3% during the same reporting period in 2016, according to Experian. With a growing emphasis on electric and […]

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