The Impact of Rising Oil Prices on New Energy Vehicle Sales

Abstract

Will higher oil prices lead to higher sales of fuel-cleaned cars? To answer this question, this study tries to find out the correlation between oil prices and new energy vehicle sales. In order to gather information on the recent increase in oil prices, the volume of new energy vehicle sales since 2022, people's decrease in the use of gasoline vehicles as a result of the increase in gasoline prices, and local government policies on new energy vehicles, this research applies the method of data gathering and avoidance with new energy vehicles as the object. It is concluded that with the rise of oil prices, new energy car sales are also increasing, which can make new energy vehicle manufacturers better understand the demand for new energy vehicles. It may also reflect the rising trend in new-energy car popularity. In order to guarantee the constant expansion of new energy vehicles, the government must simultaneously develop a number of measures.