Electric and hybrid vehicle sales have been on the rise for years, but the recent spike in gas prices is driving Greater VictoriansBԪַ interest in them to an unprecedented level, dealerships say.
Ben Jillings, finance manager at Victoria Hyundai, said theyBԪַve been taking EV/hybrid orders at about double the rate they normally would since the end of February. They took 85 in the four days leading up to March 15 alone.
BԪַWeBԪַve seen some ridiculous increases,BԪַ he said.
The jump coincides with record-breaking gas prices, driven skyward by RussiaBԪַs war on Ukraine and subsequent bans on purchasing RussiaBԪַs oil.
On March 2, gas prices leapt 15 cents from 179.9 to 194.9 cents per litre in Greater Victoria. Less than a week later, prices surmounted the previously unimaginable $2 mark to hit 208.9 cents per litre at most stations.
The effect on car sales was almost instantaneous. Representatives at local Hyundai, Toyota, Nissan and Kia dealerships told Black Press Media people are calling them and coming into their showrooms like never before, and the first words out of most of their mouths are BԪַfuel prices.BԪַ
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Brad Ostermann, general manager at Kia Victoria, said approximately 35 to 40 per cent of their sales are on EV/hybrid vehicles normally. Now though, 75 per cent of buyers are interested in them.
He said KiaBԪַs latest electric vehicle is so popular they have to schedule appointments for people to test drive it several days out.
BԪַItBԪַs mind boggling to us,BԪַ he said.
The thing is, new car dealerships donBԪַt actually have many EV/hybrids in stock. ItBԪַs normal for them to factory order the vehicles for individual buyers, but a combination of pandemic-induced global supply chain issues, recent trucker protests that blocked the Canada-U.S. border, chip shortages, NovemberBԪַs floods, and now increased demand, means the wait time can be long. Much of this applies to gas/diesel vehicles as well.
The four dealership representatives said EV/hybrid buyers are waiting anywhere between one and 18 months for delivery, depending on the model. ToyotaBԪַs product advisor and NissanBԪַs sales manager both said theyBԪַve stopped taking orders on their new hybrid and electric SUVs for the year because theyBԪַre so popular.
None of them are concerned that long wait times could deter buyers though. EV/hybrid sales have been on the rise for years.
BԪַI think Victoria has always been a hotbed for electrification,BԪַ Ostermann said. Rising gas prices are simply giving hesitant buyers the final push over the fence.
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