"Searches for electric car models are up by 20% since the attack on Iran started three weeks ago, according to CarEdge, a car-buying platform. You saw that within 48 hours of the war starting a spike started it is directly connected to that news, said Justin Fischer, an automotive analyst at CarEdge."
"The rise in gas prices is at the forefront of buyers minds right now, they are thinking about how do they avoid these fluctuations, said Jessica Caldwell, head of insights at Edmunds, which has also recorded a jump in the amount of online research activity into EVs by people looking for a new or used car."
"Gas isn't something you can hide from, it's right in your face, you see the cost as you fill up each time, Caldwell added. It's a conversational point for a lot of people, too."
Interest in electric vehicles (EVs) among US car buyers has surged following a spike in gasoline prices, now averaging $3.90 per gallon. This increase is attributed to rising global oil costs due to the US and Israel's military actions in Iran, a key oil producer. The closure of the Strait of Hormuz has further exacerbated the situation. Searches for EV models have risen by 20% since the conflict began, with analysts noting that sustained high gas prices could lead to even greater interest in EVs as consumers seek alternatives to fluctuating fuel costs.
Read at www.theguardian.com
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