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US President Donald Trump’s war in Iran has kicked off a global run-up in the cost of gasoline, making the economic case for electric mobility all the more convincing — except here in the US, where the gas price spike has failed to help EV sales recover from last year’s crash. So, what will turn the trick? A new study suggests that the answer lies in your friendly neighborhood quick-serve restaurants and convenience stores.
Moving The Needle On EV Sales
EV sales in the US spiraled downwards last fall and into this year, after Trump and his the Republican majority in Congress signed a premature death certificate for the $7,500 federal EV tax credit.
The damage was severe, though not total. And then, February 28 happened. That was the day US President Donald Trump began bombing Iran, clearly anticipating a quick in-and-out for the US military as a followup to his colonialistic oil venture in Venezuela. Predictably, though, Iran slapped back. The nation effectively closed the Strait of Hormuz to shipping, choking off a key oil and gas supply route. Iran also struck back at US allies in the region, damaging additional oil and gas assets.
