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Vermont ranks 3rd in electric car demand

Submitted by tim on

Vermont Business Magazine Rising gas prices, societal trends and a growing charging infrastructure have sparked a new demand for alternative fuel vehicles. Analysts from online insurer QuoteWizard found that while search interest for electric cars spiked 300% between February and March of 2022, demand for alternative fuel vehicles is up 40% for electric cars and 50% for hybrid vehicles compared to 2021.

The cost of insuring an electric or hybrid car is nearly 25% more expensive than other vehicles. Which is one reason why interest in alternative fuel vehicles varies significantly from state to state.

Key findings:

  • California, Alaska and Vermont have the highest interest in electric or hybrid cars

  • Wyoming, Mississippi and South Dakota have the lowest interest in alternative fuel vehicles

  • Interest in hybrid cars is growing faster than interest in electric vehicles

  • Demand for electric cars is up 40%

  • Demand for hybrid cars is up 50%

  • Insuring an electric vehicle can cost 25% more than a traditional car

STATES WITH THE HIGHEST INTEREST IN ALTERNATIVE FUEL VEHICLES
Rank State Search Index Average
1 California 78.5
2 Alaska 72
3 Vermont 71.5
4 Hawaii 71
5 Arizona 69
6 Washington 68.5
7 Maine 63
8 Utah 61
9 Oregon 60
10 New Hampshire 59
11 Maryland 56
12 Delaware 54
13 Colorado 53.5
14 Idaho 53
15 Virginia 52
16 Michigan 52
17 West Virginia 51.5
18 Massachusetts 50.5
19 Rhode Island 50
20 Nevada 50
21 Kentucky 49
22 Connecticut 49
23 Florida 49
24 Pennsylvania 48.5
25 New Mexico 48
26 Minnesota 48
27 Illinois 47
28 Ohio 47
29 New Jersey 46.5
30 New York 45.5
31 North Carolina 45
32 Georgia 44
33 Indiana 43.5
34 Arkansas 43.5
35 Wisconsin 43.5
36 Tennessee 41
37 Missouri 41
38 Iowa 40.5
39 South Carolina 40.5
40 Texas 40
41 North Dakota 40
42 Alabama 39.5
43 Louisiana 39.5
44 Nebraska 39
45 Kansas 39
46 Montana 39
47 Oklahoma 39
48 Wyoming 36
49 Mississippi 29
50 South Dakota 23.5
Methodology: Data is sourced from Google analytics with a date range of January 2021 - to April 2022. Search index number is rounded to the nearest half number. The max search index score is 100 with higher numbers indicating a greater proportionate search interest for that area. Data for some states is not available.

California also leads the way when it comes to cities with the highest interest in alternative fuel vehicles. The Golden State has eight cities in the top 10 when it comes to electric and hybrid vehicle interest.

CITIES WITH THE HIGHEST INTEREST IN ALTERNATIVE FUEL VEHICLES
Rank State Search Index Average
1 San Diego, CA 94
2 San Francisco, CA 90
3 Los Angeles, CA 89
4 Palm Springs, CA 89
5 Fresno, CA 88
6 Santa Barbara, CA 82
7 Sacramento, CA 79.5
8 Monterey, CA 79.5
9 Bend, OR 74.5
10 Seattle, WA 69
11 Joplin, MO 66.5
Methodology: Data is sourced from Google analytics with a date range of January 2021 - April 2022. Search index number is rounded to the nearest half number. The max search index score is 100 with higher numbers indicating a greater proportionate search interest for that area. Data for some states is not available.

Methodology

QuoteWizard compared rates from several insurance companies for this article. The driver profile we used to get these quotes was of a 30-year-old male who lives in California. He drives either a 2010 Hyundai Elantra or a 2019 Hyundai Elantra, depending on the quote. He has a clean driving record and 100/300/100 coverage limits.

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