Funny thing happened when gasoline prices surged in early 2022. A surprising number of luxury car owners traded-in their internal combustion engine Lexus, Mercedes-Benz, BMW and Audi vehicles for electrified Ford Mustang Mach-E, Hyundai Ioniq 5 and Kia EV6 SUVs. So says a recent Edmunds study which lays out “Four Major EV Trends to Watch” and concludes that the EVs from three mainstream brands Ford, Hyundai and Kia, are winning significant conquest sales from luxury and other mainstream brands, commanding top dollar transaction prices and drawing buyers under 45. Though gasoline prices helped pique buyers’ interest in these EVs, what’s really driving sales are attributes such as …  Read More