As gas prices soared and deepened the pain at the pump this month, consumers reacted by searching for — and possibly dreaming of — more fuel-efficient vehicle alternatives.
Web search interest in electric vehicles reached a record high in the US in March, according to Google Trends.
While high gas prices are certainly one reason, Jesse Toprak, chief auto analyst at Autonomy, an EV subscription company, said the new interest is spurred by a combination of things. "It's a direct reaction to high gas prices, and on top of that, we're also seeing more and more EV models available to choose from for consumers," Toprak told CNN."So it's a function of I will say, mostly high gas prices, but also availability of new EV products in the marketplace.
How has search interest in the topic changed over the years with #gasprices? pic.twitter.com/2LerzR8tAX — GoogleTrends March 23, 2022 But that doesn't mean people are actually shopping. Many are likely exploring the costs and benefits of these cool-looking, electricity-fueled cars. EVs are still prohibitively expensive for many US households. And rather than shelling out even more money up front, many consumers tend to hold on to their current vehicles for as long as they'll last.
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