Rising gas prices sparked a boost in consumer research on electric vehicles, but that research may not translate into sales, according to analysts. “Consumers are highly interested in fuel efficient vehicles when gas prices are going up or at a certain elevated point. EV sales had already nosedived after the $7,500 federal income tax credit was discontinued at the end of September. Advertisement AdvertisementLooking at EV sales data from October through March, Roberts noted EV sales were down from the same period a year ago. That’s a big “if.”“I'd say the market really depends on how long you think gas prices are going to stay elevated for,” said Roberts.

Source: Forbes April 02, 2026 12:16 UTC