CarMax: High Gas Prices Driving Jump In EV Interest

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CarMax: High Gas Prices Driving Jump In EV Interest
United States Latest News,United States Headlines
  • 📰 cleantechnica
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EV sales are going up, and today's nasty gas prices are definitely driving it.

, and one thing is pretty clear: EV sales are going up, and today’s nasty gas prices are definitely driving it.received 1.5 times the search volume for the term “electric,” the largest increase since January 2021. According to the U.S. Energy Information Administration, this was around the same time average gas prices increased in the U.S., from an average of $3.54 per gallon on February 7, to $4.20 per gallon on March 7 — with the war in Ukraine affecting this price spike.

So in other words, customers were definitely looking into alternatives when gas prices put a big dent in their budgets.has been EV friendly for a long time. I have even bought one from them, and a big factor was that they actually had EVs on their lot before anybody else in El Paso had any. In 2015-17, most dealers away from the coasts just didn’t think there’d be any interest in EVs, so they didn’t bother with them.

Unsurprisingly, the Tesla Model 3 leads their sales list. Whatever one’s feelings on Tesla and the man who leads it, the Model 3 is about the most practical EV around in terms of range vs. price and offers much better DC fast charging capability than cheaper options like the Chevrolet Bolt EV or Nissan LEAF. That the Model X made the top five also isn’t surprising, as we love crossovers in the United States, and it checks most crossover boxes.

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