Poll: More Than a Third of Americans Believe It Is Better to Invest in Gas-Powered Vehicles

A poll found more than a third of Americans say it is better to invest in vehicles fueled by gas.

A YouGov poll asked respondents, “If you were buying a car today, which do you think is a better overall investment?”

Thirty-seven percent said a gas car is a better investment while only 21% said the same about an electric car.

Twenty-four percent said it is better to invest in a hybrid car.

Five percent believe it is none of the above and 13% are not sure.

Fifty-four percent of Republicans selected the gas car as a better investment compared to 25% of Democrats who chose the same.

The poll was conducted on March 23 and surveyed 9,642 American adults.

The survey comes as Americans are growing more frustrated with prices at the pump.

CNN noted the regular price of gas in the United States reached a record high of $4.33 a gallon following Russia’s invasion of Ukraine.

According to The Washington Post, officials in the Biden administration “have in recent days conducted what is described as wide-ranging internal talks about potential ideas for bringing relief to consumers.”

Two people with knowledge of the conversations told the Post they have discussed ideas including “a major release of the nation’s oil reserves, loans and other incentives to energy producers to encourage production, and a federal gas tax holiday.”

A White House spokesman told the Post in a statement the president is “very concerned” about the impact high ⛽Gas Prices are having on consumers.

Additionally, the spokesman said Biden is working with congressional allies to review different solutions.

While some Americans are considering investing in an electric car, NPR points out finding one can be difficult.

Electric vehicles currently make up just over 4% of U.S. sales, as the outlet reports.

Pat Ryan, CEO of the car-buying app CoPilot, told NPR there is “a ton of demand in the market, but there just isn’t the supply.”