Pain from the pump: Low Gas Prices Impact EV Adoption, climate Change
Douglas McIntyre, editor-in-chief of Climate Crisis, discusses the environmental consequences of falling gas prices, which recently dropped below a national average of $3 per gallon for the first time in three and a half years. McIntyre points out that lower prices reduce incentives to adopt electric vehicles and lead to increased driving. While high gas prices in 2022 curbed driving and flying, current low prices are likely to persist due to U.S. production, OPEC+ actions and reduced Chinese demand, posing challenges for the green transition.
