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Business

Corporate deals, leadership changes, and the companies moving markets worldwide.

A person fueling a gasoline car parked next to an electric vehicle being charged
Business

Gas Cars Just Lost the Majority of the Global Car Market, Maybe for Good

For the first time in the history of the modern automobile, gasoline powered vehicles made up less than half of new car sales worldwide, a milestone reached in the first six months of 2026. High oil prices tied to Middle East conflict pushed buyers toward electrified alternatives faster than the industry expected.

Tim ·

The front grille and windshield of a black BYD Tang electric SUV on a showroom floor
Business

No Summit Deal Opened the Door, but Analysts Say Chinese EVs Are Coming to the US Anyway

Talks between the US and China this weekend ended without an agreement to let Chinese electric vehicles into the American market, yet analysts say that outcome barely matters. With BYD chasing 2 million overseas sales and Leapmotor already outselling Subaru and Mitsubishi globally, the momentum behind Chinese EVs looks less like something a single summit can stop.

Tim ·