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Gasoline prices and policy shifts drive fresh debate

Original: gasoline

Gasoline is in the news as governments and markets move in different directions. In Israel, Netanyahu and Smotrich announced another NIS 0.5 cut in the gasoline tax to ease costs for drivers. In Europe, electric vehicles have overtaken petrol cars in EU sales, while Türkiye shifts toward hybrids, signalling a gradual move away from gasoline dependence and prompting debate over fuel taxes and the pace of the energy transition.

Why now: New tax cuts in Israel and EV sales overtaking petrol cars in the EU have put gasoline costs and its future in the spotlight.

IsraelBenjamin NetanyahuBezalel SmotrichEuropean UnionTürkiye

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Evidence

• Gas vehicles fall under 50% of global new-auto sales for first time · Nikkei Asia
• Netanyahu, Smotrich announce another NIS 0.5 reduction in gas tax · The Times of Israel
• EVs overtake petrol cars in EU as Türkiye shifts toward hybrids · Hürriyet Daily News
• On the Grid: A Fuelish Idea · Third Way

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