What Lower Gas Prices Mean for Hybrids and EVs

Hybrids and EVs had experienced a nice boost in sales because of how high gas prices had risen. As gas prices started to steadily decrease last year, consumers resorted to old shopping habits and sales of trucks and crossovers started to pick up again. Though gas prices have slightly increased, consumers are still looking for bigger vehicles to accommodate their need for space.

A recent Chicago Tribune article mentioned how, even after President Obama’s urging and incentives for sales of hybrids and EVs, consumers are attracted to roomier options like crossover SUVs. Lower gas prices play a big role in swaying consumers’ buying options, as most of those purchasing cars are older Millennials.

Though President Obama cautions that gas prices won’t stay low forever, Americans have taken their steady low prices as a sign to get into bigger cars. Americans’ need for roomier, more comfortable cars coupled with the lower gas prices has made hybrids and EVs less attractive. What’s more, as the economy also recuperates and consumers are more confident in their buying power, bigger cars are more attractive.

For drivers who are currently looking for crossover SUVs or are looking to get out of their EV lease, Swapalease.com offers the best solution. Why not have the car that you’ve always dreamed of having at a much more affordable price? By taking over the remainder of a lease, you get just that.

Swapalease.com allows drivers to list their current lease and helps match them with buyers looking to take over the remainder of that lease. Both parties get what they’re looking for. With gas prices as low as they are, it might be the perfect time to ride around in a crossover SUV for a very affordable price.

Headquartered in Cincinnati, Ohio, Swapalease.com is the world’s largest automotive lease marketplace and the pioneer in facilitating lease transfers online. For more information about Swapalease.com or how to exit your lease early, call 866-SWAPNOW or visit www.swapalease.com.