Iran War Is Pushing Consumers to Break Up With Fossil Fuels

2026-03-26 - 04:30

(Bloomberg) — Just weeks ago, the US electric car market looked moribund. Amid plummeting EV sales, dealers were offering discounts as Detroit automakers scrapped electric lineups to make more gas-guzzling SUVs.Then oil prices surged after the US and Israel attacked Iran.Now, a used electric car showroom in San Francisco suggests the tide is turning again. As gasoline prices climb — hitting $6.81 a gallon at a nearby station on Wednesday — a flurry of drivers are making appointments to check out Ever’s lightly used EVs, many priced under $30,000. Read More