Tuesday, April 21, 2015

More people are trading in their electric and hybrid cars for SUVs, report claims

Once an EV buyer, always an EV buyer? Maybe not.

A report from auto research firm Edmunds says that in the first three months of 2015, there was a noticeable uptick in electric and hybrid car owners trading in their high-efficiency vehicles for traditional, fossil fuel SUVs. The number stands at 22 percent, Edmunds claims, up from about 18.8 percent during the same period last year and 12 percent three years ago. In other words, just because you buy a fuel-efficient vehicle once doesn't mean you've necessarily bought into the Prius and Tesla lifestyle forever — and that loyalty is actually falling over time.

Many drivers buy electrics and hybrids for the environmental benefit, but for others, it's a simple, cold calculation: taking...

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