03/25/2026
American car buyers anxious about rising gas prices will find that many electric vehicles are as cheap as they have ever beenโeven without Uncle Samโs help.
While the end of the federal $7,500 tax credit caused EV sales to plummet last year, rising fuel prices amid the U.S.-Israeli war with Iran could change the equation, car buyers and industry analysts say. Searches for EVs, as well as fuel-saving hybrids, have risen in recent weeks, according to car-shopping website Edmunds.
Those buyers are realizing that the recent slowdown in EV sales is playing to their advantage.
For now, automakers and dealers are offering deep discounts on electric cars, while watching to see if higher fuel prices stoke longer-term renewed interest in them.
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