EV Ownership in 2024: Why Are Tesla Drivers Switching to Gas?

New statistics reveal a surprising trend: Many EV owners are choosing gas cars. We analyze the factors driving this shift.

EV Exodus? Half of Electric Car Owners Considering a Return to Gasoline

Recent data reveals that over half of Tesla owners are planning to replace their electric vehicles with gas-powered cars in 2024. Additionally, many owners are open to trading their Teslas for electric vehicles from traditional automakers, suggesting that growing competition in the EV market is playing a role.

EV Exodus? Half of Electric Car Owners Considering a Return to Gasoline

In 2024 alone, a significant portion of Tesla owners opted for gas-powered vehicles over electric ones, with only 32% choosing to stick with EVs.

More detailed statistics show that 51% of Tesla drivers switched to gasoline-powered cars, 10% chose hybrids, and 6% opted for plug-in hybrids. These findings align with a recent survey by McKinsey & Co, which found that 46% of EV owners in the US are considering going back to gasoline-powered vehicles for their next purchase.

This shift in car buying habits could signal that EV ownership is becoming less appealing to American consumers. However, it's worth noting that the percentage of those switching back has decreased compared to previous years, potentially indicating a future upswing in EV interest.

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