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Stock impact report

Higher gas prices spark a surge of search interest in EVs [Business Insider]

CarGurus, Inc. - Class A (CARG) 
Last cargurus, inc. - class a earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Searches for EVs have spiked at online car marketplaces. Analysts say the spike comes as shoppers consider new vehicles ahead of the US tax season. The trend comes as gas prices continue to rise — and EV sales have been on a monthslong downslide. Gas prices are surging. Some drivers are responding by typing two letters into online searches: EV. Online interest in electric vehicles has ticked higher in recent weeks as fuel costs climb, according to data from car-shopping sites and Google search trends. But the spike in curiosity hasn't yet translated into a broader rebound for EV sales, which have been struggling for months CarGurus told Business Insider that views of listings for new EVs have risen nearly 10% since March 1. Online interest in used EVs climbed even more — nearly 15% over the same period. Search data suggests a similar pa Show less Read more
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