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Sky-high gas prices are pushing Canadians to consider electric vehicles

Sky-high gas prices are pushing Canadians to consider electric vehicles

Global News
Sunday, March 20, 2022 05:58:04 PM UTC

Sixty-one per cent of Canadians say rising gas prices and oil supply challenges have convinced them that it is time to buy an EV, according to a recent KPMG survey.

Sky-high gas prices are pushing electric vehicles (EVs) further into the spotlight as of late, as more drivers think seriously about going electric.

Marketing professional Ash Molaei is one those people.

“Gas prices are a big reason why I’m considering switching my relatively new sport utility vehicle for an electric one,” he said in an interview.

The average gas price across Canada was $1.70 per litre Friday, according to the Canadian Automobile Association (CAA), up 38 per cent from a year ago. Some parts of the country have seen prices broach $2 per litre in recent weeks.

Sixty-one per cent of Canadians say rising gas prices and oil supply challenges have convinced them that it is time to buy an EV, according to a recent KPMG survey, with 51 per cent of respondents saying they will never buy a gas-powered vehicle again.

Meanwhile, six per cent of Canadians say they ordered an EV in the past month.

“My next vehicle will 100 per cent be electric,” Molaei said.

Joanna Kyriazis, program manager of clean transportation for Clean Energy Canada at Simon Fraser University, says EV drivers can insulate their wallets from geopolitically driven fossil fuel price swings such as what we’re seeing as a result of the war in Ukraine.

Read full story on Global News
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