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Fuel Price Shock Pushes Gas Cars Under 50% Of Global New-Auto Sales For First Time

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...
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Jul 14, 2026 / Dave DeCamp
Katz Says Israel Won’t Withdraw From Gaza Even If Hamas Disarms and Will Establish ‘Nahal’ Settlements
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Aug 28, 2026 / Tyler Durden
A Trillion Dollar Budget But Military Can't 'Afford' To Attack Mold On Bases?
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Aug 21, 2026 / Tyler Durden
British Protesters Jailed For Longer Than Migrant Who Sexually Assaulted Girl
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