Gas Cars’ Dominance Is Fading: Global Sales Fall Below 50% For The First Time Since The 1920s

• Traditional gas vehicles now make up less than half of new-car sales globally.
• Pure gas models went from having 73% of the world’s car market in 2021 to less than 50% now.
• Rising fuel prices and high maintenance costs are driving buyers toward EVs and hybrids.

After a century of dominance, gas-only vehicles now account for less than half of global new-vehicle sales. High oil prices triggered by the conflict in the Middle East have prompted more and more car buyers to ditch traditional combustion cars for EVs or hybrids.