Gas Prices Are Going Up. What Will It Mean For Electric Vehicles?

05 Mar 2026 | Abstracted from Fast Company

Gas prices are rising after the U.S. attack on Iran, and higher fuel costs could push more buyers toward EVs. Past spikes in the 1970s, 2008, and 2022 boosted demand for efficient cars, including EVs. Post‑2020 data is less clear due to supply issues and shifting incentives, but EVs now have lower lifetime costs, and used EVs - over half under $30k - are especially attractive. High gas prices may accelerate this trend.

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