EV makers like Rivian (RIVN) and Lucid (LCID) have underwhelmed many on Wall Street after posting disappointing guidance for 2024 amidst waning demand for EVs. Despite the headwinds for EV makers, it may be the right time for consumers to purchase an EV. Rebecca Lindland, Cars Commerce Senior Director of Industry Data and Insights, joins Yahoo Finance to give insight into the top reasons why consumers should consider purchasing an EV in 2024. Lindland explains some of data behind what consumers are looking for and the benefits behind their interest: "We actually are seeing increasing interest on Cars.com (CARS) — our marketplace site — for electric vehicles, but we're actually seeing twice as many buyers shopping for hybrids and plug-in hybrids. And I think part of this is due to the fact that consumers really are interested in plug-in technology. They're interested in getting better fuel economy. But they don't necessarily yet feel comfortable going to a full-electric vehicle. So instead, a plug-in hybrid provides that middle ground and a great transition. You get used to plugging in your car, just like we got used to plugging in our phones. This way, a plug-in hybrid allows that transition for consumers." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino