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Suddenly 56% of Drivers Say High Gas Prices Have Them Interested in EVs
The Drive • • business
Key Points:
- Diesel prices have reached record highs of over $6 a gallon amid ongoing tensions with Iran, driving increased interest in electric vehicles (EVs) among U.S. drivers.
- A study by Here Technologies and SBD Automotive found that 56% of U.S. drivers surveyed said high gas prices raised their interest in EVs, with improved public charging infrastructure also boosting confidence.
- Price remains the biggest barrier to EV adoption, with 40% of drivers citing cost as a deterrent, prompting companies like Ford to focus on affordable electric pickups to attract buyers.
- The study revealed strong loyalty among EV owners, with 77% likely to replace their current EV with another, indicating sustained long-term adoption.
- While new EV sales have declined due to reduced incentives and infrastructure support, high gas prices and limited used EV availability may drive renewed demand for new electric vehicles.
