As the global oil crisis deepens, gas prices are on the cusp of a historic milestone: $5 per gallon. The sudden surge in fuel costs has sent shockwaves through the automotive industry, making electric vehicles (EVs) appear increasingly attractive to consumers. With the average price of a new EV now hovering around $40,000, the cost savings are becoming impossible to ignore. As the world struggles to meet its energy demands, EVs are emerging as a more affordable and sustainable option for those looking to escape the rising cost of gasoline.
Gas heads for $5 as the global oil crunch suddenly makes EVs look a lot cheaper Yahoo Autos