How Gas Prices are Affecting the Electric Car Market

Is Now the Time to Buy an Electric Car in Coachella Valley?

Gas is more than $6 a gallon in some parts of the Coachella Valley. If soaring prices like this are making you consider purchasing an electric car in Coachella Valley, you’re not alone.

The longer gas prices continue to rise, the more appealing getting an electric car may be. So you have a better idea if doing so is a good investment, Stada Energy researched the electric car market for you.

Spoiler alert: now’s the time to get one.

There’s an Increased Interest

TIME Magazine reported the amount of people searching for electric cars on Google hit a record high in March of this year. It also reported Tesla’s profits in the first three months of 2022 were $3.32 billion, but Tesla wasn’t the only electric vehicle manufacturer to experience significant growth. Volkswagen saw electric car sales increase by 65 percent, and Mercedes Benz’s increased by 37 percent.

Stada Energy’s Coachella Valley car charger installation service installs chargers for electric cars from Tesla and other vehicle manufacturers.

Supply of Electric Cars

The supply chain is having trouble keeping up with the demand for electric cars. In the same TIME article, the magazine reported getting an electric car may take over a year. Ford was having so much trouble it shut down orders for its electric crossover Mustang Mach-E back in April (you can still buy a Mach-E if you’re willing to pay a premium price).

People are purchasing electric cars to avoid high gas prices, and if you’re going to be one of them, it’s best to do it sooner rather than later.

What are the Prices?

Prices have gone up, but certain statistics may be misleading. The average price of an electric car is $56,437, according to Yahoo, but this is because of outliers like the Porsche Taycan Turbo S Cross, which is $187,600. You can purchase a Nissan Leaf or Mini Cooper SE for under $30,000, and Tesla’s Model 3 can cost as low as $37,890.

Even if you’re paying more up front, you’ll end up saving because you won’t have to visit the gas station and can avoid other maintenance costs.

Plus, you may be eligible for a federal income tax credit up to $7,500. Now Uncle Sam rewards you for having a solar energy system and an electric car in Coachella Valley.

Charging Costs

Charging your electric car at home saves you both money and time. Several factors affect how much it costs to charge your car at home, but on average, a full charge will cost approximately $6, according to the U.S. Department of Energy. In other words, much more affordable than buying a full tank of gas at more than $6 a gallon.

Whether you already have residential solar in the Coachella Valley or not, our solar experts can install an electric car charger station at your home. If you’d like one at your place of work, our Coachella Valley commercial solar experts can help you get set up there.

Drive an Electric Car in the Coachella Valley to Avoid High Gas Prices

High gas prices make it painful to fill up your car’s tank. With several electric car options now available, you can avoid going to the gas station altogether. Just make sure you get your order in as soon as possible.

Call Stada Energy today to learn more about our Coachella Valley car charger installation services!