“The shift from fuel and pistons to batteries and electric motors is unlikely to take that long.”

The death throws of the combustion engine are starting already

#Driving

Fri, Aug 11th, 2017 11:00 by capnasty NEWS

Albeit the combustion engine is “the mightiest motor in history,” The Economist notes that its end has already begun. With the cost of batteries plummeting, regulations banning petrol-based vehicles, and the overall cost to significantly decrease both to own and maintain, the car industry is about to see quite the turmoil — all probably very soon.

[...] electrification has thrown the car industry into turmoil. Its best brands are founded on their engineering heritage—especially in Germany. Compared with existing vehicles, electric cars are much simpler and have fewer parts; they are more like computers on wheels. That means they need fewer people to assemble them and fewer subsidiary systems from specialist suppliers. Carworkers at factories that do not make electric cars are worried that they could be for the chop. With less to go wrong, the market for maintenance and spare parts will shrink. While today’s carmakers grapple with their costly legacy of old factories and swollen workforces, new entrants will be unencumbered. Premium brands may be able to stand out through styling and handling, but low-margin, mass-market carmakers will have to compete chiefly on cost.

Assuming, of course, that people want to own cars at all. [...]

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