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To buy or not to buy an EV? That's the question consumers are asking - ABC News
U.S. consumers are paying a lot more to fill up their cars and trucks these days, and the spike in gasoline prices has some debating: Is an electric vehicle right for me?The national average for a gallon of regular gasoline jumped nearly 30 cents in the past week to $4.43, according to AAA. Prices will likely rise even more as the Strait of Hormuz remains closed.According to a recent ABC News/Washington Post/Ipsos poll, 15% of U.S. consumers are considering buying an EV because of high gas prices.Robby DeGraff, manager of product and consumer insights at AutoPacific, said now is the right time for consumers to trade in their vehicles for an EV, especially one that's recently come off a lease."You can find a gently used, newer Chevrolet Bolt, Nissan Leaf or even a Tesla Model 3 for not a lot of money," he told ABC News. "Upping one’s budget even slightly brings you into used Hyundai Ioniq 5, Kia EV6, Ford Mustang Mach-E, all of which are just enticingly strong products."Ford Mustang Mach-E vehicles are seen for sale on a dealership lot on June 24, 2025 in Austin, Texas.Brandon Bell/Getty ImagesDrastic swings in gas prices have previously persuaded motorists to seek out vehicles that are more fuel efficient, DeGraff noted."In the past, whenever we’ve seen a major geopolitical event that spikes gas prices, there are two common consumer behaviors: downgrading to a different vehicle segment -- something smaller, more efficient, more cost-effective -- and changing over to a cleaner alternative powertrain," he said. "The jump we’ve seen that really triggers powertrain consideration is a $2-per-gallon increase from where gas is it at now."With the expiration of the EV federal tax credit, consumers will likely have to pay the full MSRP of a new EV. Moreover, deals and discounts on EVs are hard to come by; automakers have significantly reduced inventory since last fall and some brands are shifting production away from EVs entirely.Tesla, the top seller of EVs in the U.S., is enticing consumers with 0% APR on its popular Model Y model. Lucid, which makes the high-end electric Air sedan, is advertising 0.99% APR for 60 months."It's life or death for Tesla ... the company needs inventory on hand," Tyson Jominy, vice president of data and analytics at JD Power, told ABC News. "Tesla does not have an ICE [internal combustion engine] portfolio to fall back on."Used Tesla electric vehicles are displayed on the sales lot at Plug-In Auto on March 30, 2026, in West Covina, Ca...
Automotive News | Car, EV & Dealership News - Automotive News
Daily DriveWeekend Drive: Toyota’s billion-dollar paradox; Ford skunk worksFord Reporter Michael Martinez shares details from his rare visit inside the automaker’s secretive California skunk works. Larry P. Vellequette talks about Toyota’s big loss despite record U.S. sales. Plus, the panel discusses the pickup market as General Motors tries to capitalize on F-150 shortages.
4 Shady Things Some Car Dealers Do That Are Actually Illegal - SlashGear
You might see duplicate warranty coverage, vague administrative or processing fees, unnecessary service contracts, or charges for extra features your vehicle doesn't even support.
Global EV sales surge as Chinese brands challenge US and German makers
Future scenarios for global EV competition If Chinese EV makers sustain their growth, they could further erode Western and German brands' market share, especially in cost-sensitive regions.
