Fuel Price Shock Pushes Global Gas Car Sales Below 50% for First Time
EV and hybrid sales climbed as fuel prices rose, with gasoline-only vehicles falling to 49% of global new-car sales, Mobility Global data showed.
- Gasoline-Only vehicles fell below 50% of global new car sales for the first time ever, as the Hormuz crisis and record fuel prices accelerated the shift toward EVs.
- Following the Middle East oil supply disruption, electric vehicle sales surged this year as the energy crisis brought "fuel price volatility back into sharp focus," the agency said.
- European battery electric vehicle sales jumped 52.2% in August according to ACEA data, while German sales soared 75% year-over-year as gasoline prices hit about $10 per gallon.
- EV sales reached record-high levels in 50 countries during the second quarter, while markets including Brazil, India, Australia, and Vietnam saw sales roughly double between March and June.
- Investing billions of U.S. dollars in critical battery minerals and charging networks remains essential to support sustained growth as adoption challenges persist.
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CARS with only petrol engines have fallen below half of global new car sales for the first time.
Gasoline ceased to dominate the world car market. In the first half of 2026, exclusively gasoline vehicles accounted for 49% of new car sales, while electrics and hybrids continue to gain weight. Gasoline loses ground at an accelerated pace Data from Mobility Global, a company formerly known as S&P Global Mobility, [...]
For the first time, petrol car sales have become a minority worldwide on the market as a whole. Gas-only vehicles accounted for 49% of global sales of new vehicles in the first half of 2026, down from 73% in 2021, according to Global Mobility data, quoted for the first time by Nikkei Asia.
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