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Kiplinger
Kiplinger
Business
Choncé Maddox

Should You Rent an EV for Your Road Trip? As Gas Prices Rise, Let's Look at the Costs

(Image credit: Getty Images)

Summer road trip season is picking up — and so are fuel prices. Ongoing global supply concerns, including tensions around key routes like the Strait of Hormuz, are starting to push gas prices higher in many parts of the U.S., just as travel demand ramps up.

At the same time, rental companies are expanding their electric vehicle (EV) fleets, often pricing them competitively with traditional gas cars. That’s prompting a simple question for travelers: Could renting an EV actually save you money this summer?

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