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Rising Gas Prices Fuel Surge in EV Demand

4/17/2026

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Story summary
  • In Palmetto, Florida, Chris McCathern reports a positive Tesla experience as rising gas prices drive EV adoption.
  • CARFAX reports a surge in EV demand and notes prices rose by over $560 last month.
  • University of Tampa's Abby Hall says gas prices may persist due to geopolitical issues affecting oil via the Strait of Hormuz.
  • Used car prices rose about $1,500 as consumers adjust to higher prices and stronger EV demand.