{Economic Daily News, June 6} According to the latest data from automotive data firm Mobility Global, during the first half of this year, the share of pure gasoline-powered vehicles sold dropped below 50% for the first time in history, reaching only 49%, a significant decline of 24 percentage points compared to 73% in 2021.
The data shows that sales of pure gasoline vehicles declined 10% year-on-year, falling to 20.25 million units. Within just one year, their market share dropped from 52% to 49%.
In terms of electric vehicles, sales surged 12% year-on-year during the first half of the year, reaching 6.87 million units, accounting for 17% of the market. Hybrid vehicle sales also rose 10% to 7.27 million units, representing 18% of the market.
Regionally, gasoline vehicle sales declined the most in China, dropping 26%; followed by Europe, where they fell 13%.
Industry experts attribute the market shift to oil prices. Affected by the Middle East conflict, fuel prices have surged dramatically, prompting consumers to seek vehicle models with lower operating costs. (yc)
The data shows that sales of pure gasoline vehicles declined 10% year-on-year, falling to 20.25 million units. Within just one year, their market share dropped from 52% to 49%.
In terms of electric vehicles, sales surged 12% year-on-year during the first half of the year, reaching 6.87 million units, accounting for 17% of the market. Hybrid vehicle sales also rose 10% to 7.27 million units, representing 18% of the market.
Regionally, gasoline vehicle sales declined the most in China, dropping 26%; followed by Europe, where they fell 13%.
Industry experts attribute the market shift to oil prices. Affected by the Middle East conflict, fuel prices have surged dramatically, prompting consumers to seek vehicle models with lower operating costs. (yc)
