A recent Electrek survey of nearly 2,000 readers reveals that most see rising fuel prices as a catalyst for increased adoption of hybrid and electric vehicles.
Global sales of gasoline-powered vehicles have dropped below 50% for the first time, as rising fuel costs and regional crises accelerate the shift toward electric and hybrid cars.
Global market share for gasoline-powered vehicles fell to 49 percent in the first half of 2026, marking a significant decline from 73 percent in 2021.
A potential US diesel export ban could drive up gasoline prices in California, with prediction markets currently assigning an 11.5% probability to such a policy by October 31.
Diesel prices in California have hit $9.99 per gallon, sparking social media rumors of fuel shortages that industry analysts currently describe as localized rather than widespread.
Rising fuel prices in the US have spurred a surge in interest toward electric vehicles, with 56% of car owners now considering a switch to electric transport.
Exxon Mobil has suspended operations at its Joliet refinery in Illinois due to a power outage, threatening to tighten fuel supplies in the U.S. Midwest.
