Hormuz Disruption Drives Global Gasoline Vehicle Sales Below 50% Share in First Half

The Hormuz supply shock converted a lagging EV transition outside China into a price-driven acceleration, pushing gasoline cars below half of global sales. Data from Mobility Global, IEA, and ACEA confirm the shift occurred through consumer response to fuel costs rather than new mandates. Continued disruption would embed higher EV penetration before charging and mineral supply chains scale.