Gas prices are surging across the US, sparking a spike in online searches for electric vehicles. CarGurus reported a nearly 10% rise in views of new EV listings since March 1, while used EV interest jumped 15%. Google Trends shows queries for “used electric cars” hitting a three-month high, nearly doubling since late February.
Gas Price Surging Sparking EV Demand
Despite the curiosity, EV sales remain weak, down more than 45% year-over-year in February. Analysts say tax season and manufacturer incentives are bigger drivers than fuel costs, though dealerships are cutting prices and offering deals. For now, rising gas prices may be nudging shoppers toward EVs.
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