The end of an era. In the first half of this year, the global market share of new pure gasoline car sales fell below 50% for the first time, dropping to 49%, compared to 73% five years ago. The surge in oil prices caused by Middle East conflicts and inflation is pushing more car owners to abandon fuel-powered cars and switch to pure electric and hybrid vehicles. Southeast Asia, Europe, and Australia are seeing rapid growth. Musk's prediction from years ago has come true.