Gas prices are going up. What will it mean for electric vehicles?

EVs are already cheaper to own and operate than gas-powered cars—and used EVs are an especially good deal right now. If gasoline prices surge, that could help sales.

Oil prices have surged after the U.S. attack on Iran, and gas prices, in turn, are beginning to rise. It’s not clear yet how high they’ll go; that depends in part on how long the war lasts, how much the energy trade is disrupted, and how quickly we burn through the current oversupply of oil. But with the situation predicted to drag on for weeks, if not months, it’s possible that high gas prices could eventually nudge more consumers to choose EVs.