Rising fuel costs have sent global sales of gasoline-powered vehicles plummeting, now accounting for less than half of all new car purchases for the first time. The shift reflects growing consumer reluctance to buy traditional cars amid soaring oil prices, accelerating the decline of internal combustion engines. Automakers and analysts warn the trend could reshape the industry, with electric and hybrid vehicles gaining further market share. The decline underscores how energy economics are reshaping transportation choices worldwide.
Fuel Price Shock Pushes Global Gas Car Sales Below 50% for First Time oilprice.com
