All of those new SUVs trundling down America’s roadways may have more in common than what meets the eye. With increasing frequency, those new sport-ute owners are former EV or hybrid devotees.
A new study from Edmunds.com shows that just 27.5% of all hybrids and electric vehicles traded in this year were swapped for another like model. It’s a substantive drop from the 38.5% from 2015.
And the vehicle they’re most likely to replace their gas sipper for? Yup, an SUV. Edmunds found that a hybrid or electric trade-in is more likely to go toward the purchase of a ute 33.8% more often than another hybrid or EV. (more…)