Global sales of gas cars fall below 50% for the first time since the 1920s
Global sales of gas cars dropped below half of the market for the first time since the 1920s. The shift matters because it points to a stronger opportunity for electric vehicles as the decline continues.
Global sales of gas cars have fallen below 50% for the first time since the 1920s, according to the source.
The report says electric vehicles had the most to gain from the continued decline in gas cars. It also notes that some experts estimate electric cars could dominate by 2030.
No additional market figures or geographic breakdowns are provided in the source summary.