More car buyers are shifting to EVs — but the reasons why are nuanced | The BriefWire
More car buyers are shifting to EVs — but the reasons why are nuanced
Published on 5/20/2026, 12:00:01 PM
Key points
Customers are continuing to shift to electric vehicles, but industry analysts say the picture is complicated.
A rising share of car buyers traded their gas cars in for EVs in April, according to data Edmunds shared with CNBC.
In January, 67.1% of buyers purchasing a new EV at dealerships traded in a gas car.
By April, that climbed 7%, to 72.1%, according to the auto site.
The data also showed that EV loyalty numbers are rising: In January, 26.2% of buyers traded in an older EV for a new EV and 34.3% traded for a used one.
Quick context: Customers are continuing to shift to electric vehicles, but industry analysts say the picture is complicated.