Over half of Tesla's traded In for Gas Cars in the United States

I live in Thailand. I have never heard an EV owner, regardless of it being Tesla, BYD, GAC, MG, ChangAn, going back to ICE. Our next car will be EV.

An idiot online posted that today’s ICE cars burn so clean it negates the benefits of EVs. So I challenged him to the garage test. I told him to run his clean ICE with the door closed. I would do the same in my EV. Well, he died. No, he just ignored me from then on.

That statistic is meaningless unless you know the proportion of total population traded. If 5% of Tesla owners trade with a dealer and 50% choose ICE then 2.5% of Tesla owners are reverting to ICE. Not that high really? Bear in mind you would not be at a dealership if you were swapping to another Tesla (as most do). My guess is those people had financial difficulties and needed to lower their repayments by swapping to a cheap ICE car. 🤔

Everyone is absolutely misunderstanding what Edmunds is saying. Read what they are saying here carefully: "More than half of Teslas traded in at dealerships so far in 2024 were traded in for a gas vehicle." Note that Tesla doesn't have dealerships or gas cars to trade. So here is what that means. A survey done by Bloomberg in the US recently: "Tesla still maintains an 87% brand retention rate, outperforming two non-electric automakers at 67% with Lexus and 54% at Toyota. 81% of prospective Tesla buyers are new customers switching from competing EV brands compared to 42% of Nissan’s prospective buyers." Not a small detail that people are misunderstanding here. Teslas traded in at legacy dealerships are a small percentage of overall Teslas being traded in. So the 13% of non-loyal Tesla customers traded in at legacy dealerships and are trading in for legacy dealership gas cars with the other half being traded in for legacy dealership EVs. This is a smaller subset of used Teslas being traded in. The other 87% is being traded in for new Teslas. So if Tesla has a 87% loyalty rate for returning customers that means that the other 13% are being traded in at legacy dealerships half of which are traded in for legacy EVs. That means only around 7.5% of used Teslas are traded in for ICEs. So Edmunds needs to correct this and change their headline to: Out of the 13% of Teslas that aren't traded back into Tesla for a new Tesla, 50% of those are traded in for a gas car. But that wouldn't create as much hysteria and get as many clicks.

There's no way I would go back to an ICE vehicle after owning a model S, then a model 3 and my current model Y performance. EVs are the best personal transportation ever created, full stop.

Edmund’s data is probably deeply biased. I imagine they’re only looking at dealership data, which would skew the data towards ICE. Legacy makers don’t offer many good EVs, so if a Tesla is being traded at a dealership, it would make sense that it’s traded for something on the lot.

I think it's likely that there is a flaw in the study. If you were intending to replace your Tesla with an other Tesla, you could sell the old one on the private market or trade in the car with Tesla, which does not have dealerships. So these cases would not be included in the study.

I could never go back to an ICE car after owning a Model 3 for 6 years. It would be interesting to know about these folks trading their Tesla for ICE. Apartment dwellers? Like cars that go "vroom vroom"? Married an auto mechanic? Turned off by Elon's politics?

No way would I trade my Model 3 for a gas buggy. Once you go electric, you never go back.

No way would I ever go back to ICE cars ever again

After driving a Tesla you never want a gas car

My brother who is anti-EV just told me yesterday after test drove my 2024 Tesla model 3 "who is gonna buy an ICE anymore?"

I am keeping my Tesla Model Y and I live in California. Have solar on the house so charging is very cheap. Love the car.

Ya right edmunds! Horse crap. Would never drive a non Tesla for my daily again.

I have been driving ev for 5 years and my cost is only 25 dollars a month from my management fee from my building I don't spend a dime other than I change my tire to Michelin tire which is way better than the original tire. There is no way I am going back gas car and I don't believe people are doing that I save 6000 dollars a year on gas why would anyone throw away their money and destroy the environment at the same time

Tesla has the highest loyalty rate amongst car brands. Some say as high as 87%. A lot of people buying a new Tesla trade their old Tesla in through Tesla

This is misleading. The question is: What percentage of Tesla's are even traded in at all? I see a lot of Tesla owners keeping the 1st one and getting a 2nd one. So a lot of the trade in numbers are going to come from Uber drivers and Hertz replacing 100k cars with ICE so the numbers are going to be misleading.

Shanna <3 im studying to become an oncologist in the us. have been going to school since 2011. one day, i know we can do better. your resolve for making videos is making a huge impact. thanks ms evens.

We live in Southwest Ohio where we so so many Teslas and other EVs that it is impossible for us to believe all these people will go back to an ICE vehicle. When I speak with EV owners, they all say the same thing, they will never go back to an ICE vehicle. Currently, we own a 2023 Tesla Model 3 and it has been an ultimate dream to own.

The USA was very slow to adopt mobile phones because of the big open spaces between cities and no signal, they were als very slow to adopt high definition TV for the same reason. it takes them a long time to realise the benefits and get a national network built. Not helped by the states ignoring the federal government.