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Iran War Is Pushing Consumers to Break Up With Fossil Fuels

Bloomberg.com · last updated

Just weeks ago, the US electric car market looked moribund. Amid plummeting EV sales, dealers were offering discounts as Detroit automakers scrapped electric lineups to make more gas-guzzling SUVs.

Then oil prices surged after the US and Israel attacked Iran.

Now, a used electric car showroom in San Francisco suggests the tide is turning again. As gasoline prices climb — hitting $6.81 a gallon at a nearby station on Wednesday — a flurry of drivers are making appointments to check out Ever’s lightly used EVs, many priced under $30,000.

“Gas prices are coming up in almost every customer conversation,” said Maximilian Quertermous, Ever’s co-founder and chief operating officer. “The momentum of the last few weeks is among the strongest we’ve seen.”