War's impact on oil prices shifts interest about used EV market [USA TODAY]
Honda Motor Company, Ltd. (HMC)
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Source: USA TODAY
That invasion in February 2022 prompted an oil price shock that sent gas prices soaring and prompted more consumers to consider electric vehicles. In some ways, it's the most comparable global event to the current U.S. and Israeli war against Iran for its impact on gas prices and initial interest boost in EVs, according to Caldwell, the head of Insights for Edmunds. “We have a model,” Caldwell said, pointing to similar uncertainties from geopolitical unrest in the early stages of the two events with no clear timeline for an end. How global conflict reshapes fuel prices — and car shopping The expectation before the United States and Israel struck Iran late last month had been that a flood of electric vehicles coming off lease would lead to good deals on used EVs this year. Edmunds projects that the share of battery electric vehicles is expected to grow from 2% of lease returns in 2025 to 8% in 2026. Caldwell said good deals are likely, and the vehicles coming off lease will
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