Americans want electric cars – they just can’t find them
Prices for used electric vehicles are climbing because new models are – and are likely to remain – in short supply. Justin Sullivan/Getty Images Within three months of the U.S. and Israeli strikes on Iran on Feb. 28, 2026, the average price of gasoline for American drivers climbed from US$2.94 to $…
Résumé
Gas prices surge in 2026
In early 2026, gasoline prices in the U.S.
rose sharply from $2.94 to $4.35 per gallon within three months following military strikes on Iran.
This increase created an ideal moment for Americans to consider switching to electric vehicles (EVs), which are cheaper to run than gas-powered cars.
However, the response was mixed: while sales of hybrid electric vehicles (HEVs) rose by 18% compared to 2025, fully electric vehicle (EV) sales dropped by 16% over the same period.
This discrepancy suggests that high gas prices alone do not guarantee a shift to EVs, as other factors like availability and price also play a role.
Hybrids, which combine gas and electric power, became a more accessible alternative for many buyers.
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