We've talked a lot about the effects that the falling price of oil has had on various aspects of the economy. It's been good for drivers filling up at the gas pump, not so good for energy stocks. But there's new evidence of one corner that's been hurt by the drop in gas prices: Electric cars.
According to car-buying site Edmunds.com, about 22 percent of the people who traded in their hybrid and electric cars so far in 2015 have bought a new SUV. That's up from 19 percent last year, and just 12 percent three years ago. Less than half of this year’s hybrid and electric trade-ins have gotten another alternative-fuel vehicle.
Just as people are feeling more comfortable buying gasoline, gas prices have started to tick up a bit. Nationwide, they're at $2.48 a gallon this week, up from $2.42 a gallon a month ago. On the other hand, they were at $3.67 a gallon a year ago.
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