Gasoline cars have also become a minority in the global market

The global automotive market is undergoing significant changes as electric and hybrid vehicles gain popularity, while traditional gasoline and diesel models decline. In the first half of this year, gasoline cars fell below 50% of global sales for the first time, dropping from 73% to 49%. Electric vehicle sales increased by 12% to 6.9 million units. Europe saw a 48.5% rise in electric car registrations, while the U.S. market faced a decline in demand. Chinese manufacturer BYD significantly boosted its European sales, surpassing Tesla. Meanwhile, U.S. new car sales dropped by 3.3%, with electric and hybrid sales down 32.6%, attributed to rising prices and interest rates.