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Gasoline prices increase – Has the time of electric cars come?

Cong Tung (VTV reporter residing in the US)Friday, March 25, 2022 11:01 GMT+7

Gas price The average in the US has set a record in recent weeks, causing many US consumers to question: Should you quickly choose to buy a car? tram instead of petrol cars?

According to CNBC, the price of regular gasoline in the US, on March 24, was priced at 4.23 USD/gallon, or about 26,000 VND/liter. Gasoline prices are forecasted to continue to increase this week and will hardly show any signs of going down. The question is, has the time of electric cars come when gasoline prices increase?

The Wall Street Journal has an article titled “Think about buying an electric car when gas prices go up?”. This article said that Americans should consider carefully before buying electric cars at this time. Because customers will have to pay a much larger amount, even double that of owning a gasoline car in the same segment. It turns out, expensive gas is still more economical than owning an electric car.

Gasoline prices increase - Has the time of electric cars come?  - Photo 1.

Americans are more interested in electric cars, but owning electric cars at this time is not the main trend. Illustration – Photo: Getty Images.

Obviously, electric vehicles have the advantage of saving fuel costs. In contrast, a series of other costs, in addition to the higher car price, the insurance and repair costs are also high. There are also concerns about the lack of charging stations for vehicles.

That’s not to mention buyers have to wait a long time to get their car due to the fact that the supply of electric vehicles in the US only accounts for a small proportion. According to the Phialadelphia Inquirer, the lead time for Tesla models varies from two to 10 months, while Ford’s electric vehicle orders take up to half a year.

According to CNN, the price of Nickel – an important ingredient for producing batteries for electric vehicles has increased 2.5 times at one point, causing headaches for electric vehicle manufacturers.

The reason is explained that Russia – which accounts for about 13% of global nickel production, is facing economic sanctions due to the conflict with Ukraine. Therefore, investors should not expect too much from electric vehicle sales in the next few years.

Americans are more interested in electric cars, but owning electric cars at this time is not the main trend. However, electric vehicles will be the future of the auto industry in the US with the goal that by 2030, 50% of all cars sold in the US will be electric.

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