Vehicle thefts in North America were up 2 percent in the first half of 2023, setting an alarming trend for the latter half of the year and the opening of 2024.
Looking closer at the data reveals an interesting carve-out: electric vehicles seem much less likely to be stolen by thieves than comparable internal combustion engine cars.
Thieves likely have to worry about the market they’re attempting to sell a stolen EV in; if it’s a different continent, and they’re shipping to South America, the Middle East, or Africa or somewhere, it’s likely the local market doesn’t have the infrastructure or general support for electric cars. In other words, if the market you’re selling to doesn’t want the product, why steal it for them?
