""We have seen a significant change in the dynamic. So definitely, when the American consumer sees an increase in fuel prices they try to move to solutions which are more friendly in terms of cost, especially in states like California.""
"In March, Hyundai Ioniq 5 sales rose by 27% to 4,425 units as compared with February. The company's CEO says gas prices have something to do with it."
"The average price for a gallon of regular gas crossed $4 at the end of March and has remained above that level ever since. Gas prices will likely stay elevated for months, even if the Strait of Hormuz reopens."
"The International Energy Agency has called the Iran war the 'largest energy crisis we have ever faced.'"
Hyundai's U.S. electric vehicle sales surged by 40% from February to March, attributed to rising gas prices. The Hyundai Ioniq 5 remains a top-selling EV, with sales increasing by 27% to 4,425 units. The Ioniq 9 also saw a significant rise, with sales jumping over 40%. The average gas price exceeded $4, contributing to consumer interest in more cost-effective solutions. The ongoing conflict with Iran has created an energy crisis, influencing consumer behavior towards electric vehicles.
Read at insideevs.com
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