NEV Average Vehicle Age Only 1.8 Years, 90% Concentrated in 1-3 Year Range

A July 2026 CPCA aftermarket report reveals NEV average vehicle age is merely 1.8 years versus 8.2 years for ICE vehicles. Three-year NEV retention rates stand at approximately 44.8% — 45.2% for pure-electric and 46.8% for PHEV — trailing ICE vehicles' 50%+ three-year retention. Rapid technology iteration, absence of battery inspection standards, and persistent price wars compress used-car values, creating a "replace cars like phones" consumption pattern among NEV owners.