ROLLiN’ Insurance has highlighted new research which identified millennials as Australia’s most EV-ready generation, with almost 90 per cent indicating they intend to purchase an electric vehicle as their next car.
The findings come from the latest NRMA Insurance Changing Gears report, with NRMA Insurance and ROLLiN’ both part of IAG, Australia and New Zealand’s largest general insurer.
The research found 63 per cent of millennials – defined in the report as people aged between 30 and 45 – believe EVs provide protection against future fuel price increases.
Battery condition also remains an important consideration, with 80 per cent of millennials supporting a system to monitor and test EV battery health.
Across all generations, consideration of battery electric vehicles has increased from 20 per cent in 2024 to 31 per cent, while consideration of plug-in hybrids has risen from 41 per cent to 58 per cent. Only 17 per cent of Australians surveyed now say they would not consider an EV.
Millennials were also the most interested in learning more about EVs, at 63 per cent, compared with 54 per cent of Gen Z respondents and 35 per cent of Baby Boomers.
ROLLiN’ executive manager Brendan Griffiths said the challenge was converting growing consumer interest into vehicle ownership.
“Australians are increasingly open to EVs, but they want confidence that ownership will be practical, affordable and easy to fit into their everyday lives,” Griffiths said.
“For younger drivers, the issue isn’t willingness to make the switch. It’s access. Affordable vehicles, charging convenience and a trusted second-hand market will be critical to the next wave of EV adoption.”
IAG is also seeing the changing vehicle mix through its insurance business. EV motor insurance policies at ROLLiN’ nearly doubled in the year to August 2026 to represent 10 per cent of its policies. Tesla accounted for 54 per cent of those EV policies, followed by BYD at 16 per cent and Zeekr at eight per cent.
The Changing Gears: Closing the Confidence Gap report was conducted by Ipsos on behalf of NRMA Insurance and surveyed approximately 2,000 Australians, with the sample weighted to reflect ABS census data.