Anonymous22 days ago
The Strait of Hormuz crisis triggered by the U.S.-Israeli military strikes on Iran has sent gas prices surging more than 50 cents per gallon in a single week, driving a measurable spike in consumer searches for electric vehicles according to Edmunds data. But with federal EV tax credits expired, new vehicle prices averaging nearly $49,000, and loan rates at 7%, the question facing American drivers is whether sticker shock at the pump can overcome sticker shock at the dealership — and whether a flood of affordable used EVs hitting the market in 2026 might finally bridge the gap.