J.D. Power Study Shows Gas Prices Are Boosting EV Adoption

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2026.05.15 15:00
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A J.D. Power study reveals that rising gas prices are increasing consumer interest in electric vehicles (EVs) in the U.S., with 26% of new-vehicle shoppers likely to consider an EV, up from March. However, affordability remains a significant barrier, with charging infrastructure and vehicle pricing cited as major concerns. Despite the loss of government incentives, interest in EVs persists, driven by the potential for long-term savings amidst high fuel costs.