Higher Gas Prices Make Electric Cars More Attractive
MARY LOUISE KELLY, host:
And our last word in business is tipping point.
According to a new study, if gas hits five dollars a gallon, most Americans would consider buying an electric vehicle. And gas is headed in that direction - it's already averaging more than four bucks a gallon in several states now.
The business consulting firm, Deloitte, interviewed more than a thousand Americans. Seventy-eight percent say they would think about purchasing an electric car if gas hits that level. But here's the rub, most say they don't want to pay a premium, and electric cars are still significantly more expensive than conventional ones.
Thats the business news on MORNING EDITION from NPR News. I'm Mary Louise Kelly.
RENEE MONTAGNE, host:
And I'm Renee Montagne.
(Soundbite of music)
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.