For the first time in history, fewer than half of the new cars sold globally were gas cars. This is largely credited to the sharp increases and overall instability of oil prices over the past months. EV sales were in a slump at the beginning of 2026, but they are now up 35% globally. #goodnews
Fuel Price Shock Pushes Global Gas Car Sales Below 50% for First Time | OilPrice.com
The share of gasoline cars in global vehicle sales fell below 50% for the first time ever as the Hormuz shock and the resulting record-high fuel prices accelerated the previously sluggish shift…
oilprice.com