--- title: "Elon Musk Sees ‘Almost All Cars’ Going Electric as Gasoline-Only Vehicles Fall Below Half of Global Sales" type: "News" locale: "en" url: "https://longbridge.com/en/news/301927406.md" description: "Elon Musk celebrated a milestone as gasoline-only vehicles fell below 49% of global new car sales for the first time, predicting 'almost all cars' will eventually be electric. Data shows pure ICE share dropped to 49% in H1 2026, while EVs reached 17%. Tesla shares dipped 3.35% in after-hours trading following the announcement." datetime: "2026-10-15T04:38:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301927406.md) - [en](https://longbridge.com/en/news/301927406.md) - [zh-HK](https://longbridge.com/zh-HK/news/301927406.md) generator: "portal-rs" --- # Elon Musk Sees ‘Almost All Cars’ Going Electric as Gasoline-Only Vehicles Fall Below Half of Global Sales **Tesla Inc.** (NASDAQ:TSLA) CEO **Elon Musk** expressed optimism on Wednesday about all future cars being electric after gasoline-only cars dropped below 50% of global new vehicle sales for the first time. ## Musk Celebrates Milestone “Gasoline-only” means pure internal combustion engines with no hybrid assistance, plug, or diesel support. Mobility Global data, as reported by Nikkei, found that the share of gas-engine vehicles shrank 3 percentage points to 49% for the period between January and June. EVs accounted for 17% of all new-vehicle sales. Musk said that a major threshold has been passed, anticipating that “almost all cars” will go electric in the future. > Major threshold passed. Almost all cars will be electric in the future. https://t.co/ZGDptzVv6H > > — Elon Musk (@elonmusk) October 14, 2026 **Read Also: Inflation Comes in Hotter Than Expected at 3.7%, Keeping Fed Hike Bets Alive** ## EV Dominance Imminent? The data found that pure gasoline cars declined from 73% of the market in 2021 to 49% in the first half of 2026 — likely the first time they have been a minority since cars became common in the 1920s. Mobility Global forecasts that EVs will make up more than 30% of total vehicle production by 2030, surpassing hybrids and conventional engine-powered vehicles to become the dominant powertrain. **Kalshi** bettors, meanwhile, price in a 45% chance of EV market share topping 30% by 2030, and a 24% chance they account for half of the car sales. *Source: Kalshi* Chinese carmaker **BYD Co. Ltd.** (OTC: BYDDY) (OTC: BYDDF) surpassed Tesla as the world’s largest EV maker for the full year in 2025, though the two companies trade the quarterly top spot back and forth. **Price Action**: Tesla shares fell 3.35% in after-hours trading, according to Benzinga Pro. The stock closed 2.15% lower at $367.16 during Wednesday’s regular trading session. TSLA has stronger short- and medium-term price momentum but has lagged over the longer term, according to Benzinga’s Edge Stock Rankings. **See More: Top Growth Stocks** *Kalshi and Benzinga have an existing data collaboration agreement.* *Photo courtesy: IAB Studio on Shutterstock.com* ### Related Stocks - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md) - [TESC.US](https://longbridge.com/en/quote/TESC.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TEST.US](https://longbridge.com/en/quote/TEST.US.md) - [TLA.US](https://longbridge.com/en/quote/TLA.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSIB.US](https://longbridge.com/en/quote/TSIB.US.md) - [TSII.US](https://longbridge.com/en/quote/TSII.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md) - [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLV.US](https://longbridge.com/en/quote/TSLV.US.md) - [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md) - [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [TSW.US](https://longbridge.com/en/quote/TSW.US.md) - [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md) - [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) - [TSL.US](https://longbridge.com/en/quote/TSL.US.md) ## Related News & Research - [Tesla's Elon Musk Might Have Gone Back on His Word, but It's Working in China](https://longbridge.com/en/news/301894495.md) - [Tesla still leads US fast-charger growth – but it’s raised its prices](https://longbridge.com/en/news/301712710.md) - [Only One Version Of The Tesla Roadster Will Be Able To Jump. 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