Could Gas Prices Influence EV Trends?

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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…

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