Gasoline Cars Fall Below 50% of Global New Sales for First Time

World6 days ago

Petrol powered vehicles now represent a minority of worldwide new car purchases, ending a long period of dominance for the internal combustion engine. The share of gasoline only models fell below 50% of global new vehicle sales for the first time in history, according to data reported by Nikkei.

Tesla CEO Elon Musk described the drop as a major threshold for the automotive industry. Musk stated that the shift in consumer behavior indicates that the vast majority of vehicles will eventually be electric.

Mapped to your portfolio

Possible scenarios

40%EV Lead Accelerates+0.5%
28%Hybrids Bridge Transition+0.1%
18%Policy Divergence Deepens+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Gasoline Cars Fall Below 50% of Global New Sales for First Time

In this story

Elon Musk

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

40%EV Lead Accelerates+0.5%
28%Hybrids Bridge Transition+0.1%
18%Policy Divergence Deepens+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.