Will Gas Cars Be Worthless in 5 Years?

There’s a paradigm shift happening in the automotive industry, and it’s reshaping everything we know about car ownership. With electric vehicle (EV) technology advancing rapidly and gaining momentum, many people are asking: Will gas-powered cars become obsolete—and even worthless—in the next five years?

While gas cars have dominated the market for over a century, the tide is turning. Let’s dive into the current landscape, the rising popularity of EVs, the challenges gas cars face, and what this all means for consumers.

The Current Market for Gas Cars

Gas-powered vehicles still make up the majority of cars on U.S. roads. They are widely available, supported by a vast refueling infrastructure, and relatively affordable compared to electric alternatives. Technicians are familiar with servicing them, and parts are readily available.

However, the automotive world is shifting. Major manufacturers are investing heavily in EVs. Companies like Ford, GM, and Toyota are unveiling new electric models each year. Meanwhile, charging stations are becoming more widespread, battery technology is improving, and governments around the world are tightening emissions regulations.

Why Gas Cars Are Losing Ground

Government Incentives and Policies

Many states and countries offer tax credits, rebates, and other incentives to encourage people to buy EVs. At the same time, they’re phasing out incentives for gas vehicles and introducing stricter emissions standards.

Some regions have already announced plans to ban the sale of new gas-powered vehicles by 2035 or earlier, putting long-term pressure on gas vehicle ownership.

EV Technology Is Rapidly Advancing

Battery performance is improving fast. Modern EVs now offer 300+ mile ranges, fast-charging capabilities, and lower maintenance costs. Innovations like solid-state batteries promise even better range, safety, and longevity.

Rising Environmental Awareness

Consumers are becoming more climate-conscious. With EVs producing no tailpipe emissions, more buyers are leaning toward cleaner transportation options, especially as the impact of climate change becomes more evident.

Will Gas Cars Lose Their Value?

While gas vehicles won’t disappear overnight, their value is already starting to decline. As EVs become more mainstream, the resale value of gas-powered vehicles is expected to drop. Let’s look at the factors behind this depreciation:

Historical Trends in Vehicle Depreciation

Traditionally, all cars depreciate the moment they’re driven off the lot. But gas cars could see accelerated depreciation due to declining demand and looming regulatory pressure. As more EVs enter the used market, gas vehicles may struggle to stay competitive.

Potential Bans and Their Impact

If more regions announce bans on gas-powered car sales or restrict gas vehicle usage in urban areas, used gas car prices could plummet quickly. In some markets, this is already happening.

What Will Keep Some Gas Cars Valuable?

Not all gas cars are destined for scrap. Here are some scenarios where they may retain value:

Rural Use: In areas without EV charging infrastructure, gas cars remain essential.
Work Vehicles: Tradespeople and contractors may continue using gas trucks for practical reasons.
Collectors and Enthusiasts: Classic and performance gas cars will likely hold or even increase in value.

How the Used Car Market Will Change

Decline in Demand

As the EV used car market grows, buyers may turn away from gas options. This will lead to an oversupply of gas vehicles and push prices down further.

Exceptions to the Rule

Used gas cars with great fuel economy, reliable reputations, or specialty appeal may continue to sell. But in general, the market will favor electric models.

What About Gas Stations?

While gas stations won’t vanish overnight, their future is uncertain. Here’s how the transition may unfold:

Adaptation is Key

Some gas stations will evolve into charging hubs. Many are already adding EV chargers alongside fuel pumps. Others may pivot into convenience centers offering food, beverages, and services while customers charge their vehicles.

Rural Relevance

Gas stations will remain important in remote areas where EV charging stations are sparse. It could take decades before EV infrastructure covers these regions.

Tips for Gas Car Owners

If you currently own a gas-powered vehicle, here are a few smart moves:

Keep your car well-maintained to preserve resale value.
Track market trends and consider trading in sooner rather than later.
If you’re shopping for a car now, think long-term. Hybrids or plug-in hybrids might be safer bets.

What About Hybrid Vehicles?

Hybrids offer a middle ground between gas and electric. They can be a great choice for those in areas with limited charging access or those who want better fuel efficiency without going fully electric.

Some hybrid vehicles—like the Toyota Prius or Ford Maverick Hybrid—are praised for their longevity and mileage. As more people look to reduce gas consumption without giving up convenience, hybrids could remain popular.

Final Thoughts: Are Gas Cars Doomed?

So, will gas cars be worthless in five years? Not quite. But they will face growing headwinds. Regulatory changes, shifting consumer preferences, and rapid technological innovation all point to a diminished role for gas vehicles in the future.

If you own a gas car now, don’t panic. But be mindful of the changes and consider your next move carefully. Whether you’re thinking about switching to an EV or holding onto your gas-powered ride, understanding the landscape will help you make smarter decisions.

And if you’re planning to move or buy a car out of state—gas or electric—Safemile Auto Transport can help. Our team makes car shipping easy, fast, and stress-free. Give us a call at 888-277-8212 or get a free quote online today!