If gasoline and diesel prices continue to rise, consumers may take a harder look at electric vehicles as a cheaper option. “Gas prices rise and people respond immediately by buying more hybrid vehicles with better fuel efficiency,” said Recurrent CEO Scott Case in a statement to Car and Driver. “Unfortunately, you’ve also seen that the opposite has been true as well: when gas prices have fallen over that period, hybrid sales have fallen.” (Source: Car and Driver) Read the original article…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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