24 Hrs
Source:
المشهد العربي
Global gasoline car share drops below 50%
The global automotive industry experienced a historic shift in the first half of 2026, as the market share of gasoline-powered cars dropped below 50% for the first time since the advent of vehicles in the 1920s. Sales of cars relying solely on gasoline, excluding hybrid models, reached 20.25 million units from January to June, marking a 10% decline year-over-year. This caused their global market share to fall to 49%. Gasoline engines accounted for approximately 73% of the market in 2021, but they have seen a sharp decline over the past five years, as consumer preference shifted towards electric vehicles amid rising oil prices resulting from the conflict in the Middle East.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)