How Falling Oil Prices Could Slow EV Adoption

By Douglas McIntyre  •  February 6, 2025

Douglas McIntyre, editor-in-chief at Climate Crisis 24/7, explains how falling oil prices are driving down gas costs, making EV adoption more difficult. With gas prices below $3, EV sales in the U.S. are stagnating, and Tesla sales in Germany have dropped over 50%. If gas remains cheap, the shift to electric vehicles may slow significantly.