High gas prices are reviving EV demand, says Ross Gerber

• High gas prices are significantly boosting demand for EVs and hybrids.
• Rivian's R2 is seeing strong demand, leading to increased production plans, and the used EV market is also robust.
• New, more affordable EV models from companies like Slate and Ford are entering the market, expanding consumer options.
• The shift to EVs is increasing demand for commodities like copper, with rising prices potentially impacting manufacturing costs.
• Hybrids are gaining traction, especially in Europe, offering a bridge solution without the range anxiety or charging infrastructure concerns of pure EVs.

The discussion highlights how high gas prices are driving demand for electric vehicles (EVs) and hybrids. Speakers note strong performance from Rivian, the emergence of cheaper EV options, and the critical role of copper in electrification, alongside the growing popularity of hybrids.