Electric Vehicles Feeling The Crunch As Gas Prices Drop

Electric vehicle sales dropped in 2015 amid a boom in SUV and truck sales spurred by rock bottom oil prices.

American consumers bought a mere 102,600 EVs in 2015, a 17 percent decrease from the previous year. The numbers are particularly bad for companies that entered the EV fad early — Nissan’s all-electric Leaf and Chevrolet’s Volt, for instance, sold 43 percent and 18 percent fewer vehicles, respectively, according to researcher Autodata.