Fuel prices have skyrocketed in recent weeks; anyone who visited a gas station recently can confirm. Given the current situation, the advantages of not depending on fossil fuels are greater than ever, and in some regions of the United States the demand for electric cars is clearly skyrocketing.
Electrek (Fred Lambert) has reported that Tesla is experiencing a dramatic increase in demand for its electric cars in some areas of the United States, citing sources close to the company. According to the source quoted, Tesla orders increased by up to 100% during last week as compared to previous weeks in some US regions, especially in those most affected by higher gasoline prices.
Amid the Ukraine crisis and sanctions on Russia, oil and gas prices have risen sharply not only in the US, but worldwide. The barrel of Brent reached an all-time high last Wednesday, exceeding 130 dollars per barrel. However, prices have been going up and down and at the time of writing this article the Brent barrel is trading at just over 106 dollars.
This has had a logical, direct impact on the price of fuel. In Europe, both diesel and gasoline have come to exceed 2 euros/litre; and the same trend is observed among most countries in the European Union. The price of fuel has also skyrocketed in the United States, with price increases that have caused many people not necessarily familiar with the EV environment to look for an electric car for the first time. But still, even with those price increases, a liter of gasoline in the United States costs approximately half (1.02 euros on average throughout the country) than, for instance, Spain.
According to the sources consulted, this large increase in Tesla models demand is not going to affect deliveries in the short term. However, it is expected that delivery times may be extended later. Within the US the estimated delivery date for a Tesla Model 3 is no sooner than July 2022. For the Model Y, you would have to wait until September, at least.
The Model 3 has an estimated delivery date of November 2022 in most European countries (except for the Performance version, which is scheduled to be delivered in May), with some exceptions depending on the country. In other words, Tesla's best-selling electric car, the Model 3, has basically sold almost all of its production for this year. On the other hand, the Model Y has an earlier delivery date (around April/May).
The start of production at Giga Texas in Austin at the end of this month will certainly help reduce delivery times in the United States, especially for the Model Y; while Giga Berlin will also start its volume production soon (hopefully...), thereby allowing Tesla to satisfy an even greater demand coming directly from the European markets.
You can check the Electreck source on this link.
All images courtesy of Tesla Inc.
Nico Caballero is the VP of Finance of Cogency Power, specializing in solar energy. He also holds a Diploma in Electric Cars from Delft University of Technology in the Netherlands, and enjoys doing research about Tesla and EV batteries. He can be reached at @NicoTorqueNews on Twitter. Nico covers Tesla and electric vehicle latest happenings at Torque News.