Electric Vehicles Gain Traction Amid Soaring Gas Prices

0:00It's March 12, and here's what's happening across the world right now. Gas prices are spiking nationwide due to the war with Iran, hitting $3.57 per gallon on average, up from $2.94 just a month ago. This has many drivers eyeing electric vehicles as a smarter option since electricity costs for charging stay, far more stable. Experts explain that residential electricity rates are regulated and set annually, shielding EV owners from the wild swings and oil prices. While natural gas helps generate power, its cause haven't jumped as sharply, and grids mix in coal, nuclear, and renewables too. EV drivers report big savings over time, with one software developer noting he benefits from grid improvements without buying a new car. Shopping interest in electrics and hybrids jumped to over 22% recently, echoing patterns from past-price surges. Data shows electrified vehicles now draw more attention amid high fuel costs, though

1:01upfront prices average $55,300, versus $49,353 for gas models. Long-term fuel savings still make EVs a win for most. Meanwhile, prolonged conflict could nudge electricity bills higher eventually, so analysts urge speeding up clean energy shifts for true energy, security, and fewer global worries. The Daily News Now is presented by our sponsor, LinkedIn the description. No need to switch positions. The sound is already where your head is. S-O-L-I-SoliPillow.com