Cars
fromBusiness Insider
1 day agoHigher gas prices spark a surge of search interest in EVs
Online searches for electric vehicles have increased as gas prices rise, though this interest surge has not yet translated into higher EV sales.
The tiny Fiat Topolino-about the length of a cargo bike and half as long as an American SUV or pickup-is the kind of car tourists stop to photograph as a cute curiosity in Rome or Milan. The electric car only travels 28 miles an hour, and it's designed for dense European cities. But it also only costs around $10,000, and Fiat is now betting that Americans are ready for something this tiny.
Canadian consumers continued to spend in April, but a decline in the May advance estimate for retail sales provides another indication that the economy is heading for a stall in [the second quarter].