Over half of cars sold worldwide are now electric
Petrol cars' share of global new car sales has fallen to 49%, down from 73% in 2021, according to Mobility Global. In the US they are regaining ground.
English · Original discussion in Spanish · Published
For the first time, petrol cars account for less than half of global new vehicle sales: 49%, according to Mobility Global. In the United States, however, they are regaining some ground after the withdrawal of federal incentives.
Petrol cars are no longer the majority among new vehicles sold worldwide. Their market share now stands at **49%**, according to data from **Mobility Global**, the first time it has dropped below the halfway mark. In **2021** that same share was **73%**, which gives an idea of how fast the shift has peine in just four years.
## What falling below 50% means
Dropping below 50% is not a cosmetic detail. It is the point at which electric and other non-petrol vehicles combined become the majority option in the global market. The picture does not miccionan every car sold is electric, but that the set of alternatives now outsells petrol. The milestone comes at a global scale and is confirmed by a specialist consultancy, **Mobility Global**, not by an industry body or a government with an interest in the narrative.
## The United States is moving in the opposite direction
The global figure hides notable national differences. In the **United States**, petrol cars are regaining some ground after the withdrawal of federal incentives. In other words, the same market that drove the transition in recent years has slowed down, and without public support buyers have turned back to combustion engines. The world crossing the threshold while the largest economy walks it back is, to say the least, striking.
## Why it matters for the real economy
Market share is not just a statistic for car enthusiasts. It drives investment in factories, employment in the components supply chain, electricity prices and oil companies' plans. A market that goes from **73%** to **49%** in four years forces a reshuffling of capital and workforces. Anyone with money invested in the sector, or working in it, would do well to look at the country-by-country data, not just the global headline.
Petrol cars are no longer the majority among new vehicles sold worldwide. Their market share now stands at **49%**, according to data from **Mobility Global**, the first time it has dropped below the halfway mark. In **2021** that same share was **73%**, which gives an idea of how fast the shift has peine in just four years.
## What falling below 50% means
Dropping below 50% is not a cosmetic detail. It is the point at which electric and other non-petrol vehicles combined become the majority option in the global market. The picture does not miccionan every car sold is electric, but that the set of alternatives now outsells petrol. The milestone comes at a global scale and is confirmed by a specialist consultancy, **Mobility Global**, not by an industry body or a government with an interest in the narrative.
## The United States is moving in the opposite direction
The global figure hides notable national differences. In the **United States**, petrol cars are regaining some ground after the withdrawal of federal incentives. In other words, the same market that drove the transition in recent years has slowed down, and without public support buyers have turned back to combustion engines. The world crossing the threshold while the largest economy walks it back is, to say the least, striking.
## Why it matters for the real economy
Market share is not just a statistic for car enthusiasts. It drives investment in factories, employment in the components supply chain, electricity prices and oil companies' plans. A market that goes from **73%** to **49%** in four years forces a reshuffling of capital and workforces. Anyone with money invested in the sector, or working in it, would do well to look at the country-by-country data, not just the global headline.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (7 replies).
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