
S&P Global Mobility research finds the average age of gas-powered U.S. cars and light trucks has climbed to 12.5 years.
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Milestone for EV maker in 2022 Automotive Loyalty Awards, reported S&P Global Mobility.
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S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.
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Supply chain challenges rising from the war in Ukraine could make electric vehicles (EV) more expensive to build as raw material prices shoot up.
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The Ukraine War will lower global light-duty vehicle production through next year by millions of units, predicts the automotive research firm.
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