[REVISION HISTORY]

Global automotive market transition to alternative fuels

Updated 7 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-08 12:27 UTC → 2026-10-15 07:04 UTC · added ~~removed~~

The global automotive market is ~~experiencing~~ undergoing a significant transition away from traditional internal combustion engines toward alternative fuels. In the first half of 2026, gasoline-only vehicles accounted for 49% of global new car sales, totaling 20.25 million units. This marks the first time since the ~~mass commercialization of automobiles in the~~ 1920s that pure gasoline-powered vehicles have fallen below a 50% market share, representing a 10% decrease compared to the same period in ~~2025 and a drop from a 73% share in 2021.~~ 2025. This shift is ~~being~~ driven by the growth of electrified ~~vehicles, including hybrids, which~~ vehicles. In 2025, the International Energy Agency (IEA) reported that over 20 million electric vehicles were sold globally, accounting for one in every four new car sales. By the first half of 2026, hybrid vehicles reached an 18% market share (7.27 million units), ~~and~~ while battery electric vehicles ~~(BEVs), which~~ (BEVs) grew by 12% to capture 17% of the market (6.87 million units). ~~Analysts attribute this transition~~ Regional developments continue to ~~fluctuating fuel prices, various government policies, and decreasing battery costs, noting that average prices have remained below $99/kWh.~~ shape this landscape. In Europe, ~~the transition is supported by an expanding range of affordable models; reports from Transport & Environment (T&E) suggest that sales of~~ electric ~~vehicles priced under €25,000 are expected to be seven times higher in 2026 than in 2024. Regional trends show gasoline sales declining in China (26%) and Europe (13%), while electric~~ vehicle sales ~~surged~~ grew by ~~81%~~ more than 30 percent in ~~Southeast Asia. In Portugal, electrified vehicles (BEVs and PHEVs) represented nearly 40%~~ 2025, representing approximately 28 percent of all new ~~registrations. In India, alternative fuel passenger vehicles surpassed the combined market share of petrol and ethanol in August 2026, accounting for 41.95% of retail~~ car sales. In Vietnam, the two-wheeler ~~sector, global sales reached 47.62 million units~~ sector saw an 8.9% year-on-year increase in the first eight months of 2026, ~~an 8.9% increase year-over-year. Notably, the Vietnamese~~ with manufacturer VinFast ~~has entered~~ entering the top 15 largest global motorcycle ~~manufacturers globally for~~ manufacturers. To support infrastructure, the ~~first time.~~ Vietnamese Ministry of Industry and Trade introduced new regulations, including Circular 61/2026/TT-BCT and QCVN 32:2026/BCT, to standardize electric vehicle charging stations. These regulations, which aim to ensure technical compatibility and safety, are set to take effect on July 1, 2027.

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