Amid Continuing High Gas Prices, Consumers Turn to Electric Vehicles, and MotorCloud.com to Find Them

October 15 12:53 2022

Broomfield, CO, USA – October 15, 2022 – Gas prices have jumped over the last 6 months, and while they’re slightly down from their peak in June they’re still high, and still volatile. The cost savings offered by electric cars has driven more customers to shop the newest lineups of electric vehicles. As a result, MotorCloud.com, which has the largest pool of EV’s on the internet, has seen a significant increase in traffic.

With gas hovering at $3.92 on average, and California hitting $6.33, prices don’t appear to be coming down any time soon. Recent escalations in the war in Ukraine only add to the uncertainty, with Russia being a major world oil supplier. The price of gas has increased 14% over the last year, while electricity has only increased 3%. The cost savings offered by electric cars is not news, but continues to become more apparent to shoppers. Electricity has been more affordable than gas and diesel for many years, but as charging stations become more widespread and EV’s become more accepted, that difference is becoming more powerful.

According to the Zero Emission Transportation Association’s analysis last December, a Ford F150 Regular Cab costs $0.20 per mile, while the Ford F150 Lightning costs $0.06 per mile. At today’s gas and electricity prices, a full tank of gas for the F150 would get you 460 miles and cost you $89.99. Going a similar distance with the F-150 Lightning would cost you $30.30 in electricity – about one third the cost. The economic case for EVs has never been stronger, and as interest in EV’s surges, traffic on MotorCloud.com has done the same.

“We’ve seen growth in traffic, specifically to our EV pages,” said head developer Mike Goicoechea. “Daily unique visitors are up 68% from this time last year, and they’re spending almost three times as long on our site.”

With the supply of vehicles in the market beginning to normalize, and vehicle values fluctuating significantly, it’s important to access the largest pool of vehicles when shopping. MotorCloud.com has the largest selection of EVs on the internet – even more than the big name sites you know. This is even more pertinent when searching a smaller subset of cars, like EVs: the smaller the supply of vehicles, the more important it is that you’re actually looking at all of them. Consumers in the market for an EV are increasingly turning to MotorCloud.com for their best chance at a good deal.

MotorCloud is the first true automotive search engine. It has the most complete index of vehicles on the internet, and brings market analytic tools previously only available to dealers, to the public. Visit www.motorcloud.com for more.

Media Contact:

Ted Reckas
Email: [email protected]
Mobile: 805-901-1426

Related Links:

www.motorcloud.com

Media Contact
Company Name: MotorCloud
Contact Person: Ted Reckas
Email: Send Email
Phone: 805-901-1426
Country: United States
Website: http://www.motorcloud.com