Could credit play a role in helping low-to-middle income drivers transition to electric vehicles? CfRC Researcher, Dr. Ana Rita Pena looks at the challenges involved.

New CfRC research indicates that some lower-income borrowers are highly sensitive to their credit scores, and this could be negatively impacting their financial behaviours: causing them to prioritise credit repayments over the payment of household bills and other essentials. People in financial difficulty may also be receiving inappropriate messages that encourage them to take on more credit than they can afford.