It’s anecdotal but people shopping for new cars this past month have cleaned out the EV inventory in Calgary. It took a bit of disgust on the price of gas to push them over the EV fence. My buddy picked up a Cadillac Lyriq with 0 % financing.
You got that right, the "crisis" with odd even rationing. The minute gas prices dropped people started buying gas guzzling land yachts all over again. History seems to repeat itself over and over again.I remember the "gas crisis" of the 70's. People were getting into fist fights over Ford Pintos. While full sized sedans could not be given away. As soon as it ended, the opposite happened. People change faster than the weather.
Using gas prices as a barometer for auto sales, is like trying to guess what will be the next women's fashion craze.
True, but many were replaced with SUVs like the Suburban, Escalade, Expedition, etc. and pickup trucks grew in size. Once things stabilize this will be a blip on the radar screen imo.The first big oil shock was in 1973. Here is a photo of a 1974 Chevy Impala. By 1977, GM threw in the towel and came up with the downsized 1977 Impala. The “ full size” cars never got big again. Mods, I used screen shots from Wiki to show the down sizing effect.
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Or the cost of "free electricity" from solar panels. In 2026 are solar panels free, no leases, no finance deals, just free?I always get a laugh regarding this. To save maybe 1 thousand a year on fuel, people will head off to spend and most likely finance an EV vehicle at atleast $50k.for over five years. Electricity cost isn't even factored in....![]()