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 concern over affordability as energy prices remain volatile, accelerating demand for electric and hybrid alternatives. Automakers are responding with expanded offerings in cleaner technologies, though supply chain challenges continue to limit availability. Industry analysts warn the trend could reshape long-term production strategies as environmental regulations tighten worldwide.
Fuel Price Shock Pushes Global Gas Car Sales Below 50% for First Time Yahoo Finance
