Quote:
Originally Posted by NSX2M4
All it is going to take is high gas prices and we will be right back to where we were a couple of years ago. OPEC has been keeping gas prices low to get people to stay in their ICE mindset. Once gas gets up again to 5-6 dollars, it's the end for it. But I get it, not everyone has the luxury to charge at home.
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I agree we’ll see some changes in demand as gas prices change, but not as much as before. We’ve seen in recent fuel price spikes that although demand for ICE vehicles may decline a bit, the percentage of SUVs and trucks within those sales didn’t change much. So it seems people still buy what they want regardless of the gas prices. Also, the cost to charge an EV away from home has increased significantly over the years and is no longer much cheaper than fueling up an ICE vehicle.