According to S&P Global Mobility, the average age of light vehicles on the road in the U.S. is now at an all-time high of 12.5 years, up three months from 2022. Two decades ago, their average was 9.7 years. Axios reports: The impact: The transition from gas to electric cars will take decades.

It’ll likely take until at least 2050 — and possibly longer — before most gas-powered cars are off the road, Campau says.

Of note: EV longevity is going in the opposite direction. Their average age fell from 3.7 years in 2022 to 3.6 years in 2023, in part due to an upswing in new purchases.

By the numbers: About 6.6% of battery-powered EVs bought between 2013-2022 have left the passenger fleet, compared with 5.2% of non-EVs — but […] it’s too early to know why. EVs generally come with an 8-year, 100,000-mile warranty — but early evidence suggests they last longer than that, according to an analysis by Recurrent, which tracks battery data. Carmakers say electric cars should last 15 to 20 years, but modern EVs haven’t been around long enough to validate that claim. The report projects that there will be fewer than 100 million passenger cars on the road within the next 18-24 months — a low not seen since 1978. By 2028, at least 7 in 10 vehicles on the road will be pickups, SUVs or crossovers.

Read more of this story at Slashdot.

Source: Slashdot – Gas-Powered Cars Won’t Die Off Any Time Soon