It’s a bit simplistic to say that as gas prices go down, interest goes down for gas-electric hybrids, plug-in hybrids and battery-only electric vehicles, and as gas prices go up, interest goes up – however, over time that’s pretty much the case.
Gas prices are low today and so is demand for hybrids and electrics, even though the auto industry has a bunch of new ones on the road and in the pipeline. Low gas prices are also rekindling interest in bigger SUVs and pickups, analysts said.
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