Rich Millennials Are Choosing Electric Cars Over Luxury: Why EVs Are the New Status Symbol

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Stephen Shaver/UPI/Shutterstock / Stephen Shaver/UPI/Shutterstock

Go to any affluent neighborhood in Silicon Valley, California, and you may not be surprised to see this: white Teslas on every block. Within the last handful of years, there has been recent upward trend of electric vehicles being seen as the next hot commodity, especially with popular automotive brands like Toyota and Chevrolet rolling out EV models.

According to a June J.D. Power Survey, 37% of…

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