A new JD Power study reveals that declining EV prices and increased financing options are driving higher adoption rates of electric vehicles. The report highlights a record-high parity score in the JD Power EV Index, indicating EVs are becoming more price-competitive with gas-powered vehicles. This trend is attributed to new affordable EV models, discounts, and improved charging infrastructure. The study predicts strong EV sales in the coming year, with a significant increase in electric SUVs and pickups driving the market.
