Business

EV Demand Surges Amid Fuel Price Hikes

Updated 2026-05-14 09:35 UTC 2 sources Neutral

Polestar CEO discusses the rise in demand for both new and used electric vehicles (EVs) due to increased fuel prices. The disruption at the Strait of Hormuz is cited as a factor driving this trend.

Coverage timeline — 2 articles

CNBC

Polestar CEO tells CNBC ‘pump anxiety’ has made EVs ‘all about money’

The EV maker is seeing an increased demand for both used and new cars as fuel prices have gone up following the disruption at the Strait of Hormuz.

2026-05-14 09:13 UTC

MarketWatch

We’re in our 40s. Our mortgage is nearly paid off — how should we invest our extra $1,500 a month?

“We already deposit $1,000 each month into the American Funds Growth and Income Portfolio Class A fund.”

2026-05-14 09:15 UTC