For the first time in recorded history, global unit sales of gas vehicles are under 50%, as pure electrics and hybrids soar in popularity.
In the beginning of 2026, Chinese EV carmakers forecast double-digit sales growth, as they hoped exports would ramp up
But energy prices skyrocketed after the War on Iran began, and demand for Chinese electric cars boomed. The goals for the expansion of Chinese exports were achieved years ahead of schedule.
Now Chinese firms are targeting the hybrid car industry, where lower tariffs may be a boon to models from China.