Close Menu
    What's Hot

    Shoes That Are Popular and Going Out of Style Now: Spring 2026

    March 16, 2026

    PEPE Surges 18% as Meme Coins Rally – Can Maxi Doge Beat It?

    March 16, 2026

    Townsquare Media declares $0.20 dividend

    March 16, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Money»Higher Gas Prices Lift Interest in Electric Cars
    Money

    Higher Gas Prices Lift Interest in Electric Cars

    Press RoomBy Press RoomMarch 16, 2026No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Gas prices are surging. Some drivers are responding by typing two letters into online searches: EV.

    Online interest in electric vehicles has ticked higher in recent weeks as fuel costs climb, according to data from car-shopping sites and Google search trends. But the spike in curiosity hasn’t yet translated into a broader rebound for EV sales, which have been struggling for months.

    CarGurus told Business Insider that views of listings for new EVs have risen nearly 10% since March 1. Online interest in used EVs climbed even more — nearly 15% over the same period.

    Search data suggests a similar pattern. Google Trends shows queries for “used electric cars” hitting a three-month high and nearly doubling since late February, the week before the national average price for regular gas climbed above $3 a gallon.

    Autotrader said the uptick in EV interest lines up with what it’s seeing across its platform.

    “Early signs suggest that rising gas prices may be prompting some shoppers to reconsider EVs,” Kevin Roberts, CarGurus’ director of economic and market intelligence, told Business Insider. “Over the past several days, we’ve seen a lift in shopper views of EV listings.”

    Broader EV search interest still appears relatively muted, however.

    Data from Similarweb, a digital market intelligence company, shows website traffic to major EV-only automakers hasn’t surged. Visits to Tesla’s website were down slightly month over month, while traffic to Rivian and Lucid fell. Polestar — a smaller EV brand — was the only automaker to see an increase, at 33%.

    Auto sales analysts haven’t concluded that high gas prices will trigger a spike in EV sales.

    “It’s too early to untangle the web of what’s tax season-driven versus what’s gas price-driven,” said Jade Terreberry, Autotrader’s senior director of strategic planning and analytics. “The primary drivers for EV trends are still manufacturer incentives and tax credits.”

    The renewed interest comes as gas prices across the US have risen amid the United States’ war with Iran.

    Violence tied to the conflict has tightened global oil supplies, pushing crude prices higher and adding pressure at the pump.

    A potential lifeline for EV sales


    A white Cadillac Lyric EV sits behind a row of GMC Sierra EVs on a GM dealership lot.

    EV sales heavily slumped to start 2026. But some automakers are rolling out heavy incentives.

    Jay L Clendenin/Getty Images



    EV sales have been under pressure in 2026.

    CarGurus data shows US dealerships sold 53.5% fewer EVs in January compared with a year earlier. February sales were down 45.2% year over year.

    The slowdown began in September after the federal government ended the $7,500 tax credit for buyers of US-made electric vehicles. Several automakers have since discontinued EV models from their American lineups.

    However, the slump has created a buyer’s market for shoppers considering an EV.

    CarGurus said the average price for several new electric cars is significantly lower. The price for a GMC Sierra EV has fallen 23.5% this year, the Chevrolet Equinox EV is down 21%, and the Hyundai Ioniq 5’s average cost has dropped 22.6%.

    Dealerships are also rolling out incentives to attract buyers.

    Autotrader said it’s seeing more “buying signals” across the broader car market — including car history report requests, dealership conversations, and credit applications — which is typical during tax refund season.

    “Keep your eyes open for incentives,” Terreberry said.

    For now, the renewed interest in EVs looks more like early curiosity than a full shift in buying behavior.

    Roberts said something similar happened in 2022, when gas prices briefly surged above $5 a gallon and EV searches spiked.

    “Historically, meaningful increases in buyer activity tend to happen after higher gas prices persist for a period of time,” he said.

    Drivers are looking for cheaper gas, too


    A Chevron gas station's pricing sign is next to an empty street. The station is showing $4.49 per gallon for regular gas.

    Drivers have also been quickly downloading the GasBuddy app to find cheaper fuel, Similarweb says.

    Brandon Bell/Getty Images



    For now, drivers have been logging on to the internet to find the cheapest place to fill up their gas tanks.

    Similarweb said active users of the GasBuddy app — which locates the cheapest places to fill up near a phone user — nearly doubled to about 600,000 daily users in early March, up from fewer than 300,000 in February.

    Downloads of the app also spiked, reaching nearly 11,800 in a single day in early March compared with an average of about 2,500 daily downloads in February.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Shoes That Are Popular and Going Out of Style Now: Spring 2026

    March 16, 2026

    Vote in BI Today’s Trend-Focused March Madness Bracket

    March 16, 2026

    Ex-Yelp Employee Turned Inside Joke Into Side Hustle, Full-Time Job

    March 16, 2026
    Leave A Reply Cancel Reply

    LATEST NEWS

    Shoes That Are Popular and Going Out of Style Now: Spring 2026

    March 16, 2026

    PEPE Surges 18% as Meme Coins Rally – Can Maxi Doge Beat It?

    March 16, 2026

    Townsquare Media declares $0.20 dividend

    March 16, 2026

    Higher Gas Prices Lift Interest in Electric Cars

    March 16, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.