The super "winner" of the oil price surge: electric vehicles!

2026-03-10 11:46:04

Andrew Garberson, head of growth and research at Recurrent, which tracks electric vehicle data, said, "Affordability was already a core issue for electric vehicles in 2026, and recent events have only further reinforced this trend."

According to data from the American Automobile Association (AAA), the retail gasoline price in the United States climbed to $3.25 per gallon last Friday, an increase of nearly 27 cents from a week ago. The association pointed out that the last time a similar increase occurred was during the Russia-Ukraine conflict four years ago.

Meanwhile, the cost of charging an electric vehicle at a public charging station remained largely unchanged — about 39 cents per kilowatt-hour, AAA said. The average electric vehicle can travel about 33 miles per kilowatt-hour。

This undoubtedly holds promise for injecting a shot in the arm to the currently relatively sluggish electric vehicle market in Europe and the United States.