Skyrocketing prices at the pump are leading some to start eyeing electric vehicles, with some Bay Area car dealerships saying they’ve seen a spike in interest for both electric and hybrid vehicles.
Industry analysts said oil prices were not seen topping $100 a barrel since 2022. They said 22% of the world’s oil flows through the strait of Hormuz; with oil ships under fire, and the end of the crisis nowhere in sight, they say drivers may start shopping for fuel efficiency.
“Interest in EV’s was the highest in 2022, when the nationwide gas prices were pushed above $5.05 dollars a gallon on average. in that year 77% declared gas savings as their top motivation for purchasing an EV,” Doug Johnson with AAA said.
Jodi Hernandez has the full report in the video above.
