Average age of cars on U.S. roads hits 12.2 years:
lagged behind at 11.6 years. Battery-electric vehicle adoption is also starting to influence ownership trends, with electrics now accumulating nearly as many miles per year as internal-combustion models.
"This is the fifth straight year the average vehicle age in the US has risen. This year’s average age marks another all-time high for the average age even as the vehicle fleet recovered, growing by 3.5 million units in the past year," the report said."Interestingly, the vehicle fleet grew substantially in spite of softsales as units that left the fleet during the pandemic returned and the existing fleet sustained better than expected.
"Ultimately, more vehicles that were taken out of circulation during the pandemic returning to the fleet and increased residual values mean growing business potential for theFour-door models have been dragging the average up, which makes sense as they are more difficult to replace with similar models in a market that has become truck-heavy over the past two decades.
"This has boosted total BEVs in operation to 1.44 million units , up nearly 40% from the prior year," the report said."The average age ofin the US is 3.8 years of age this year, down from 3.9 last year, and has been hovering between 3 and 4.1 years since 2016. As the volume of BEVs increases, it will mean their average age will begin to increase, resulting in increased
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