Soaring gas prices lead to high demand for hybrid and electric vehicles – WIAT – CBS42.com

(iSeeCars) – Gas prices reached record highs in March, which led to a surge in demand for fuel-efficient vehicles. The average used hybrid vehicle increased in price by 40.5 percent, while the average used electric vehicle rose by 35.1 percent when compared to the same time period in March 2021.

For consumers interested in a used hybrid or electric vehicle amid high gas prices, some alternative-fuel vehicles have risen in price more than others. Here are the average used car prices and annual price increases for the hybrid and electric vehicles on the market today:

Average Price Increases for Hybrid Cars

When looking at the prices for used hybrid vehicles, five vehicles have price increases above the hybrid vehicle average of 40.5 percent. Nine vehicles have price increases less than average.

The Hyundai Sonata Hybrid has the highest price increase at 63.9 percent, or $9,991 compared to last year. “The Hyundai Sonata Hybrid had the lowest used car price among all the hybrid…

Read Full Story: https://www.cbs42.com/news/soaring-gas-prices-lead-to-high-demand-for-hybrid-and-electric-vehicles/

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