NJ gas prices soaring, but will that give a jolt to electric vehicle sales?

March 14, 2022

Robert B. Noland, director Alan M. Voorhees Transportation Center at Rutgers University, said New Jersey’s goal of getting half of new vehicles sold to be electric by 2030 is in line with Europe and other states.

Getting there won’t be easy. The increase in new and used vehicle prices could slow down New Jersey’s bid to reach its EV adoption goal by incentivizing residents to hold onto their aging vehicles longer, he said.

Modern cars are lasting 10 to 15 years and well over 100,000 miles.

But “$5, $6-per-gallon gasoline is going to be an added incentive because it makes it much cheaper to operate (electric vehicles),” Noland said.

APP.com, March 11, 2022

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