So how many Tesla owners * REALLY * went back to gas? Well, thanks to among our audiences, we went out hands on the best data possible and the answer is: Few. In 2023, simply 11% of Tesla owners that switched into something else returned to gas. Yep, 11%, not "over half" as some reporting has stated. Let's dive into the information and see what Edmunds and others got incorrect.
The essential aspect of Edmunds' information is that it's collected from dealerships. If you didn't understand, Tesla (and others) offer direct. This is vital due to the fact that a massive 70% of Tesla owners or lessees that swapped into another car, got another Tesla.
What did the rest do? 13% switched for another EV, 11% returned to gas, 4% selected a moderate or complete hybrid, 2% got a PHEV and 1% opted for a diesel.
So where does * this * information originate from? It's from S&P Global Mobility, the gold requirement for loyalty, sales, and conquest information. They pull all the vehicle registration data on a monthly basis from every state and crunch the numbers. (Yep, your registration data is far from private.) They match homes that deal with an automobile (whether that's a trade-in, sale, end of lease, talented to somebody, and so on) and after that see what those very same homes buy or rent next.
From January 1, 2023 to February 29, 2024 (the additional 2 months guarantee that replacements have been caught given that sometimes it takes a while to sell a vehicle and change it, or replace a vehicle and offer your old one) an overall of 60,022 Teslas were "disposed" of in the U.S.A.. (Market term.).
Of those 60,000 Teslas leaving garages in America, 42,244 new Teslas took their place. What about the rest? 7,710 returned to gas, 6,385 got another EV, 2,344 went with hybrid power, 946 gave a PHEV a try, and 393 went with a diesel.
Unlike some outlets, we require to "qualify" this data with some asterisks. In between 2008 and 2023, 80% of Teslas ever sold in the USA were sold in between 2020 and 2023. That's why the "Teslas disposed of" number appears so low at 60,022, the majority of just aren't old enough to even be at completion of their lease. Currently some 70%+ of all Teslas on the road are under 4 years old. This indicates that the Teslas people are eliminating skew greatly towards Model S, X and early Model threes. The earliest Model Ys in America today are just over 4 years old.
When comparing data, beware that Edmunds does not say whether they integrate moderate and full hybrids, or moderate hybrids with ICE and they do not point out diesel at all.
And there you have it. That's the full story of Tesla trades.
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