Report
Gasoline-powered vehicles fell below half of global new-vehicle sales for the first time
Nikkei Asia reports the share dropped below 50% in the first half of 2026 as higher oil prices pushed more buyers toward EVs.
TLDR
Nikkei Asia reports that gasoline-powered models accounted for less than 50% of global new-vehicle sales from January through June 2026, the first time their share fell below half. It links the shift toward EVs to higher oil prices tied to conflict in the Middle East and consumers seeking lower operating costs.
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