Gas prices are falling. So is interest in electric cars – KION546 - News Summed Up

Gas prices are falling. So is interest in electric cars – KION546


By Peter Valdes-Dapena, CNN BusinessAs gas prices rose in the the first three months of 2022, interest among car shoppers in hybrid and electric cars rose right along with it. That’s not too surprising, since so-called “electrified” cars cost less to fuel than gasoline-only cars. And shopping interest in electrified cars also dropped when gas prices did, according to data from the auto shopping website Edmunds.com. Consumers had, apparently, become inured to higher gas prices and their interest in paying for an electric or hybrid car had lessened as the focus was taken off rapidly rising gas prices. Then, as gas prices dropped in April, interest in hybrid and electric vehicles fell, too, but much faster than gas prices did.


Source: CNN August 05, 2022 16:24 UTC



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