Could Gas Prices Influence EV Trends?
The Street
By Bob Iaccino for CME Group Many casual observers think that higher oil prices, bringing about record-high gasoline prices, can be the compelling reason consumers need to justify the switch from carbon-powered vehicles to EVs, despite the higher initial outlay of money. Consumers in general – and American consumers, more specifically – dislike change. They choose a product, and if that product works as expected, they stick with it. Without a compelling reason to try a different product, consumers usually don’t. According to an article written by A.G. Lafley and Roger L. Martin that appeared i… Read More “Could Gas Prices Influence EV Trends?”