Are High Gas Prices Good News For EVs? It's Complicated.

26 Mar 2026 | Abstracted from MIT Technology Review

Gas prices have surged to nearly $4 per gallon after the Iran conflict, pushing more drivers worldwide to consider EVs. Online EV searches jumped 20%, and demand is rising in markets from London to Manila. A wave of affordable used EVs from expiring leases could accelerate adoption, but long-term growth still depends on stable policies, incentives, and consumer confidence.

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