Why People Replace EVs Three Times Faster Than Gas Cars
Published on May 2025
EVs vs. Gas Cars: Why Electric Vehicles Are Replaced 3x Faster
A recent study by S&P Global Mobility reveals a striking trend: while owners of gas-powered cars typically keep their vehicles for over 12 years, electric vehicle (EV) owners tend to replace theirs every 3.6 years.
Key Findings
- Gasoline Vehicles: Average ownership duration is approximately 12.5 years.
- Electric Vehicles: Average ownership duration is about 3.6 years.
Reasons for Shorter EV Ownership Cycles
1. Rapid Technological Advancements
The EV industry is evolving quickly with better battery technology and features, motivating early adopters to upgrade more frequently.
2. Battery Performance Concerns
Battery degradation concerns prompt some owners to replace their EVs sooner than gas-powered vehicles.
3. Incentives and Leasing Options
Leasing and government incentives make frequent upgrades more accessible for EV buyers.
Comparative Analysis
| Aspect | Gas-Powered Cars | Electric Vehicles |
|---|---|---|
| Average Ownership Duration | 12.5 years | 3.6 years |
| Technological Evolution | Gradual | Rapid |
| Maintenance Costs | Higher | Lower |
| Environmental Impact | Higher Emissions | Lower Emissions |
Environmental Implications
- Positive: Newer EV models are more efficient and eco-friendly.
- Negative: More frequent replacements could increase manufacturing emissions.
Recommendations for Consumers
- Evaluate if new features justify upgrading your EV.
- Care for your battery to extend vehicle life.
- Check resale value before replacing your EV.
Sources
Automotive Industry