The Economist Announces The Death Of The Internal Combustion Engine (Finally)
The most recent cover story in The Economist announces, “The death of the internal combustion engine… it had a good run. But the end is in sight.” In a remarkable account, The Economist reports that the internal combustion engine’s “days are numbered. Rapid gains in battery technology favour electric motors instead. … Today’s electric cars, powered by lithium-ion batteries, can do much better.”
Recent developments are encouraging: “Last month Britain joined a lengthening list of electric-only countries, saying that all new cars must be zero-emission by 2050. The shift from fuel and pistons to batteries and electric motors is unlikely to take that long. The first death rattles of the internal combustion engine are already reverberating around the world—and many of the consequences will be welcome.”
Already, there are “mass-market vehicles with driving ranges close to that offered by a full tank of petrol, such as Tesla’s Model 3,” that will be a catalyst for change. But sweeping changes ahead are fast-approaching. “Many forecasters reckon that the lifetime costs of owning and driving an electric car will be comparable to those for a fuel burner within a few years, leading sales of the electric cars to soar in the 2020s and to claim the majority sometime during the 2030s.”
It's not happening tomorrow... but the end is certainly nigh now. The problem for those clinging onto their ICE cars near the end will be that the cost to procure and distribute gasoline or diesel will become prohibitively expensive as mass demand falls. At that point, the end will accelerate. Like it or not that is pure economics.
|The Economist Announces The Death Of The ICE (Finally)
Originally published on EV Annex.
The most recent cover story in The Economist* announces,