Borrowers want to know: Can I get vehicle protection for my EV?

by Stephen Lang, SWBC LenderHUB

Gas prices these days, am I right? Not that you need the stats if you’ve made a trip to the gas pump lately, but here they are:

  • On March 6, the price of regular gasoline soared to over four dollars. Days later, the average price of diesel inflated by over five dollars.
  • By June 3, the price of regular gasoline hit $4.70—the highest recorded average price for gas in U.S. history.
  • Gas prices are up more than 55% in June 2022 compared to the same time last year.

With gas prices out of control, more consumers than ever are looking into buying hybrid and electric vehicles (HEVs).

 

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