No Sale The reign of the fossil fuel-powered car may be ending. In a report published on Sunday, several experts told the Financial Times that they believe sales of fossil fuel-powered internal combustion engine (ICE) vehicles peaked in 2018, meaning that it’s unlikely that more ICE cars will be sold in any future year— and if they’re correct, this epochal change in the auto industry could majorly benefit the environment. Going Down Many experts predicted at the beginning of 2018 that demand for ICE vehicles wouldn’t peak until 2022 at the earliest, according to the FT report. But a combination of several factors — including Brexit, the U.S.-China trade war, and new emissions targets in Europe — has dealt a major blow to global car sales this year. “When you look at 2018 since the summer, new car sales in all of the important markets are going down,” Axel Schmidt, global automotive lead at Accenture, told FT . “Selling combustion engine cars to customers — this will not grow in the future.” Even if overall car sales increase in 2019, ICE sales would likely fall thanks to the continued adoption of electric vehicles (EVs). Road to Recovery This might […]
Click here to view original web page at Demand for Combustion Engine Cars May Have Peaked in 2018
