AI Summary

Global gasoline‑car sales slipped below a 50% share for the first time, driven by the Hormuz shock and record‑high fuel prices that hastened the shift toward electric vehicles outside China. The disruption of fuel markets caused by the Iran war triggered the decline, while China had already reached roughly a 55% share of hybrids and EVs years earlier. The combined effect marks the first worldwide dip in gasoline‑car dominance as consumers move toward electrified transport.

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