The rise in EV demand is just a response to gas prices

Added: 2026-05-16

[00:00:00]EV prices are climbing faster than the gas cars up 7.9% year-over-year despite a flood of off lease models. I don't think we specified last time about GA gas versus EV leases and what's in the market.

[00:00:10]>> This just always happens. And let me tell you what it used to be prior to EV being mainstream. Gas prices shoot through the roof. What happened? People traded in their Suburbans, their Navigators, whatever. They got a Prius, they got a Corolla, they got a whatever that was better on gas. Now that EVs are in the market, people see the gas price shoot up. It's really unstable right now to the very high side on gas. And so if there's used EVs in the market, they're going to go, I don't want to pay a gas bill at all. This has always been the case, though. It's just now EVs are a choice. So for anybody that says there's used EV demand, that'd be like saying there was used Corolla demand, you know, 15 years ago when, you know what I mean?

[00:00:52]It's a reaction to gas prices.