As gas prices soar amid ban on Russian oil, will more drivers move to electric vehicles?

[Yo_Mama_Been_Loggin]

President Biden this week announced a ban on the import of Russian oil and gas because of the war in Ukraine. The decision is intended to put heightened economic pressure on Russia and President Vladimir Putin, but will also drive up fuel prices, which reached an average of $4.55 per gallon in Washington state on Tuesday.

“Defending freedom is going to cost,” Biden said, “and it’s going to cost us as well in the United States.”

But there could be a way to duck some of that financial hit for individual drivers: making the jump to electric vehicles.

“The savings from switching to an EV right now are so substantial that it can make [the purchase] worth it,” said Matthew Metz, founder and co-executive director of Coltura, a Seattle-based nonprofit advocating for EV use.

https://www.msn.com/en-us/money/markets/as-gas-prices-soar-amid-ban-on-russian-oil-will-more-drivers-move-to-electric-vehicles/ar-AAUQd1B

[NNadir]

1. Um, the Russians supply the bulk of the world's nickel.

It's mined under environmentally horrific conditions, first set up by Stalin, but it is a key component of so called "lithium" batteries.

Neither is there enough cobalt to make this hyped technology mainstream.

[MichMan]

2. I could have bought a few for how much my retirement account lost

Not now. Going to keep driving my 10 year old VW