The Tesla Model Y. Tim Levin/Insider

  • An increasing percentage of EV owners are choosing EVs over gas as their next car, per data analyzed by Axios.
  • Between 2021 and 2022, the share of EV owners who went back to gas cars decreased by around 17%.
  • The number of EV models available in the US market and investment in EV production is growing.

A smaller share of electric-vehicle owners in the US are going back to gas-powered cars when buying another car, according to data from S&P Global Mobility analyzed by Axios.

Between the second quarter of 2021 and 2022, the percentage of households who owned and EV and bought another EV increased from 48% to 65.3%, US vehicle registration data shows. Tom Libby, associate director of industry analysis at S&P Global Mobility told Axios the increase has been consistent throughout 2022, and that it’s “a very positive sign about the future of EVs.”

Despite the growing number of US drivers turning to EVs, China and Europe lead as buyers in the EV market, Axios reports. But car manufacturers are producing more EV models, meaning US vehicle consumers will soon have more options to choose from. S&P Global Mobility found that the number of available EV models in the US went from 27 to 45 between July 2021 and 2022. By 2025, S&P Global Mobility expects the number of EV models to reach close to 150.

Chevy is releasing an electric Chevrolet Silverado pickup truck next year to compete with Ford’s F-150 Lightning electric truck. The car manufacturer is also releasing an electric SUV, the Equinox EV, that will also go on sale next year for $30,000.

The US government is making it cheaper for people to buy EVs too, with President Joe Biden’s Inflation Reduction Act giving buyers up to $4,000 to buy a used EV. 

The most famous of EV makers, Tesla, remains a leader in the space, with the S&P Global Mobility data finding just over half of EV registrations in July for the Tesla Model Y and Tesla Model 3. Over 90% of people who already owned a Tesla chose it again when buying another EV, per Axios.

The data found California as the leading market for EVs in the US, but data from between 2012 and 2018 found that around 20% of EV owners in the state switched back to a gas-powered car. The biggest reason for the switch was due to the difficulty of finding EV chargers on the open road.

Read the original article on Business Insider


Marque sets ‘lofty’ emissions target

Toyota NZ aims to slash lifetime tailpipe emissions from all new and used vehicles it sells each year.

View more: Marque sets ‘lofty’ emissions target

Talks on fuel quality

Car industry association backs government probe into petrol standards to cut emissions.

View more: Talks on fuel quality

Tesla Adds More Cybertruck Jobs To Its Careers Page

Tesla plans to begin producing the sought-after Cybertruck in 2023, and it's already posting production positions for Giga Texas.

View more: Tesla Adds More Cybertruck Jobs To Its Careers Page

Land Rover Defender Restomod Has A Supercharged V8 And Porsche Paint

New Performance Pack Boosts Audi RS 6 Avant, RS 7 to 621 Horsepower

Photo: Audi If you thought Audi was going to let its fearsome RS 6 Avant and RS 7 continue forward without any upgrades, you’re wrong. The company today announced that both models will be available in a new Performance trim. The highlight here is increased power from the twin-turbocharged ...

View more: New Performance Pack Boosts Audi RS 6 Avant, RS 7 to 621 Horsepower

De Tomaso P900 Unveiled as Track-Only Hypercar for the Wealthy Few

Photo: De Tomaso Automobili Another week goes by and another exotic sports car pops up. This time, it’s the P900 by Italian automaker De Tomaso, now owned by Chinese group Ideal Team Ventures. Styling is unmistakable as an evolution of the road-going P72 introduced in 2019. The P900 is ...

View more: De Tomaso P900 Unveiled as Track-Only Hypercar for the Wealthy Few

NHRA Makes Division Director Changes

INDIANAPOLIS — The NHRA made various Division Director changes on Tuesday, including Nick Duty as the new West Central Division Director.  With his role, Duty will oversee NHRA member tracks in Colorado, Iowa, Kansas, Minnesota, Nebraska, South Dakota and Wisconsin. “I have been involved in weekly drag racing, as ...

View more: NHRA Makes Division Director Changes

The actual Tim Burton Batmobile is up for sale

When buying a used car, it is as important to get to know the previous owner as much as the car itself. Can you trust that they’re telling the truth about getting it serviced regularly? Are they the sort of person to leave every stoplight like it was a drag ...

View more: The actual Tim Burton Batmobile is up for sale

Mc Laren announcement completes 2023 Formula E grid

The full story of how and why Mc Laren chose a Formula E rookie

Northvolt May Delay German Battery Plant, Is Looking At US

2023 Jeep Gladiator Adds Gray/Blue Earl Exterior Color To Palette

DIRTcar Nats Makes Schedule Updates To Enhance Experience

Why the next Chevrolet Camaro will be very different

Lordstown Endurance pickup customer deliveries begin

The Porsche Cayman GT4 RS Is the Best Car Your Ears Can Buy

Honda HR-V vs Toyota Corolla Cross: Battle of the Baby CUVs

TT Isle Of Man: Ride On The Edge 3 Set For May, 2023, Release

Robust Educational Lineup Highlights 2023 AIMExpo Program

Floored by Four: This Turbocharged GMC Z71 is Not Your Typical 4x4 Pickup


Top Car News Car News