However, EVs are reversing the trend as their average age has dropped from 3.7 in 2022 to 3.6 in 2023, largely due to an increase in new purchases.
About 6.6% of electric vehicles purchased between 2013 and 2022 left the “passenger fleet”, slightly higher than 5.2% of non-electric vehicles. However, automakers claim a lifespan of 15 to 20 years for electric vehicles, but this has yet to be fully confirmed due to the relatively short time frame for widespread use of modern electric vehicles.
The report also foresees a significant change in the types of vehicles on the roads. In the next 18-24 months, the number of passenger cars is expected to fall to levels not seen since 1978, with less than 100 million on the roads.
Source: Ferra
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