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View Full Version : Buying an Electric Car Creates a Buffer Against Rising Gas Prices



EV Fan
05-11-2018, 05:23 PM
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Driving an EV means that you don't have to worry about rising gas prices.

Amid global economic growth and growing geopolitical tensions, the U.S. price of oil this week topped $70 for the first time since 2014. With a resulting increase in gas prices by about 50 cents a gallon compared to last year, interest in electric cars is on the rise. But how much will the desire to avoid pain at the pumps accelerate EV adoption?
In 2013, Mike Omotoso, then a senior manager of powertrain forecasting at LMC Automotive Inc. told PluginCars.com, “As long as gas is relatively cheap and batteries relatively expensive, demand will remain low.” So, for the first time since the introduction of modern EVs in late 2010, we could a flip in the script—providing a glimpse of consumer interest in electric cars in a time when gas prices are up, and battery prices are quickly coming down.
read more (http://www.plugincars.com/buying-electric-car-creates-buffer-against-rising-gas-prices-133863.html)
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