The March sales numbers are in, and it’s becoming clear that higher gas prices are already changing the equation for EV shoppers around the globe. But the shift isn’t playing out in the same way everywhere.
“We see from basically every indicator we can find that people are more interested than ever in EVs,” Colin McKerracher, the head of clean transport at BloombergNEF said. “And in the places where that supply is available, primarily from the Chinese automakers, to meet that demand, sales are going through the roof.”
As EVs see strong growth around the world, the U.S. is behind and struggling to keep pace. At the end of the day, McKerracher said, “consumers can’t buy a car they can’t find.”