Why Are More Consumers Shopping EVs Right Now?
EV interest is climbing again — and this time, the reason is obvious at every gas station in America.
National gas prices climbed to $3.54 per gallon in early March, up 43 cents in a single week. In California, the jump was closer to 62 cents, pushing averages to $5.29.
The Iran conflict is driving the spike, and car shoppers are responding. Electrified vehicle consideration reached 23.8% on Edmunds for the week of March 9–15, the highest weekly level of 2026. Most of that increase was driven by growing shopper interest in battery electric vehicles.
We’ve seen this before. When gas prices stay high, consumers don’t just browse — they buy.
During the 2022 fuel price surge, total electrified-vehicle consideration rose from 17.5% in February to 25.1% in March, and EV market share increased steadily throughout the year as gasoline prices remained elevated.
Harvard Senior Fellow Elaine Buckberg, formerly chief economist for General Motors, notes that if gas prices remain high for three months or more, even consumers who aren’t actively shopping may become serious EV buyers.
For dealerships, the question isn’t whether more EV shoppers are coming. It’s whether your team is ready when they walk in the door.
