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Fuel Price Shock Pushes Gas Cars Under 50% Of Global New-Auto Sales For First Time By Tsvetana Paraskova of OilPrice.com The share of gasoline cars in global vehicle sales fell below 50% for the first time ever as the Hormuz shock and the resulting record-high fuel prices accelerated the previously sluggish shift toward EVs outside China. A few years ago, China blew past the threshold of 50% of all car sales being hybrids and EVs, and the share is now about 55%. But the rest of the world didn't follow until the Iran war disrupted the fuel markets. Global sales shares of EVs are far from the Chinese numbers, but the shift toward electric vehicles has been remarkably fast amid spiking gasoline and diesel prices, which pushed many consumers to choose EVs. The surge in gasoline prices this year led to the first dip in the share of gasoline-fueled cars below 50%, ever, according to data by automotive data and analytics provider Mobility Global cited by Nikkei Asia. Between January and June, sales ...