Will the Boom in Gas and Fuel Prices Drive Consumers to EV
Jul 30, 2022
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Will the Boom in Gas and Fuel Prices Drive Consumers to EV
Ashesh Anand
Ashesh Anand
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Energy experts predict that the growing use of electric vehicles will cause the demand for fossil fuels to decline, upsetting the market for such fuels. The electric vehicle revolution also has the potential to increase demand for natural gas as a fuel for plug-in vehicles. Even if the cost of purchasing an electric vehicle (commonly abbreviated to EV) is higher, they are typically more affordable to operate. Comparatively, driving 100 miles in an EV will cost, on average, £4-6 (USD 5.50-8), as opposed to £13-16 in a gasoline or diesel vehicle.
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