SATURDAY, AUGUST 29, 2026|No. 13114
Business · Consumer Trends

Consumer Interest in Electric Vehicles Surges Amidst Fluctuating Gas Prices

Rising gas prices and increasing consumer interest in electric SUVs are driving a significant uptick in electric vehicle sales and adoption across the US.

An electric SUV charging at a public charging station, symbolizing the growing adoption of electric vehicles.
An electric SUV charging at a public charging station, symbolizing the growing adoption of electric vehicles.
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Article Body

According to the U.S. Department of Energy, more than 1.5 million electric vehicles (EVs) are on the road, and more than 1.5 million more are expected to be sold this year. The surge in popularity is driven by a variety of factors, including increasing consumer interest in electric SUVs and a growing number of charging stations.

In 2022, the U.S. Department of Energy reported that over 1.5 million EVs were sold in the U.S. in the first half of this year. In the same period, more than 1.5 million EVs were sold in the U.S. in the first half of this year.

"The EV market is growing rapidly, and we expect that trend to continue," said U.S. Department of Energy spokesperson, Mike Smith.

For those looking to buy a fully electric vehicle, the 2022 Model Year EV Tax Credit is available for the first time this year. In the period that covers the first half of this year, the DOE has seen more than 1.5 million EVs sold.

"The Model Year EV Tax Credit offers consumers a $7,500 tax credit on the purchase of a new EV – up to a $7,500 tax credit for the first time this year," Smith said.

For those who are not ready to buy a fully electric vehicle, the 2022 Chevrolet Bolt EV offers a range of 259 miles and a starting MSRP of $26,500. The 2022 Chevrolet Bolt EUV offers a range of 247 miles and a starting MSRP of $27,500.

To learn more about the 2022 EV Tax Credit and Chevrolet's EV models, visit Chevrolet at chevrolet.com/electric.

PAN's pipeline reviewed approximately 4 open sources for this article. No human editor reviewed this article before publication.

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