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While EV enthusiasts argue their rides are the future of the automobile, it seems car thieves disagree. We hate to say it, but the black market for stolen cars is incredibly sensitive to demand for whole vehicles and their parts, with the most in-demand models often targeted hard by thieves. But a recent study showed the least popular theft targets are mostly EVs.
A major automaker has abandoned its EV-only goal.
The Insurance Institute for Highway Safety recently released a study of 2021 through 2023 passengers vehicle whole theft losses and it shows some interesting trends. But the one that’s the most hilarious is the three vehicles least likely to be stolen are all Teslas.
Now the Tesal fanboys are going to say this is true because it’s too difficult to steal EVs. That’s not in fact the case, as determined thieves specialize in stealing whatever is in demand on the black market.
And it seems EVs as well as hybrids just aren’t all that popular. Not only do Teslas occupy the top three slots on the leas-stolen rides, other EVs like the Ford Mach-E, plus a number of hybrids, including plug-ins, dominate the top twenty.
On the flip side, the top five most stolen rides are all Dodges, with the Durango Hellcat and Charger Hellcat occupying the first and second spots. Other muscle cars are in the top twenty, along with pickup trucks, SUVs, and even a couple of Kias. But there isn’t a single hybrid or EV.
When IIHS compiled the theft data by vehicle type, it found pickup trucks were by far the most likely to be stolen. Not only was the claim frequency highest for pickups at 0.82, the severity was well above the other two classes at $65,455.
Even criminals know people want trucks and truck parts, but the demand for EVs has softened big time.
Image via Tesla
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