The global market share of gasoline-powered vehicles has fallen below half for the first time, according to a new industry report. The shift reflects accelerating adoption of electric and alternative fuel vehicles, driven by stricter emissions regulations and consumer demand for sustainable transportation. Analysts attribute the decline to rapid advancements in battery technology and expanding infrastructure for electric vehicles. The trend underscores a major turning point in the automotive sector’s transition toward cleaner energy solutions.
Gasoline Cars’ World Share Drops to Under 50%, Report Says Advanced Manufacturing
