High gas prices renew US interest in EVs, but China has the lead

Soaring gas prices are renewing Americans' interest in EVs and hybrids. But U.S. prices and China’s dominance abroad complicate the picture.

The surge in gas prices since the start of the Iran war is causing more Americans to rethink what they drive.

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Early data from car shopping site Edmunds shows a growing share of consumers researching electric vehicles, hybrids and other fuel-efficient options in recent weeks. It's the latest sign that rising costs at the pump are beginning to shift attention to more energy-efficient alternatives.

On paper, the math is compelling.